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The family say they are 'devastated' by what has happened

Two families face having their homes demolished after work carried out without planning permission on a nearby property caused structural damage.

Australian property values up 1.8 percent in January: RP Data

Australia's runaway property market is refusing to slow, with the average home rising almost 2 percent in value last month.

Real estate developers to bring forward property launches

SINGAPORE : Singaporeans can look forward to more property launches. The Real Estate Developers' Association of Singapore (REDAS) on Thursday announced that its members will be bringing forward property launches.

Las Vegas Real Estate Has Highest January Sales Total Since 2007

The number of home sales, along with the median sale price, both fell more than usual from December 2009 to January 2010 in Las Vegas. Despite this drop, the number of sales still represented the highest total for the month of January since 2007. Sales of homes priced below $200,000 made up more than three-fourths of all January transactions. In comparison to January 2009, the number of transactions increased by nearly one-third, with condo and single family home resales making up most of the volume.

The Registry Collection to sponsor Fractional Summit USA

Global fractional ownership brand and fractional real estate conference organiser, Fractional Life, is delighted to announce that The Registry Collection exchange program, the world’s largest luxury exchange program, is the Gold sponsor for Fractional Summit USA to be held at the prestigious InterContinental Hotel in Miami, Fla., August 31–September 1, 2010.

Sino Land Leads Hong Kong Developers Higher on ‘Benign’ Policy

Feb. 25 (Bloomberg) -- Sino Land Co. led gains among Hong Kong developers on continued optimism the city’s government will maintain its “benign” stance toward the industry, and that borrowing costs will remain low, sustaining real estate demand.

When It's OK to Walk Away From Your Home

The Wall Street Journal 26.02.2010

Commercial Real Estate Is Indecisive

Marc Jablon Realty Associates 26.02.2010
When It's OK to Walk Away From Your Home

Millions of Americans are now deeply underwater on their mortgage. If you're among them, you need to stop living in a dream world and give serious thought to walking away from the debt.

Commercial Real Estate Is Indecisive

That sucking sound you hear as you drive through your local mall are the dollars being pulled out of the landlord’s pocket as tenants abandon retail space in droves. The current average national vacancy rate is 6.6%, with the lowest rates of 3.4% in San Francisco and the highest in Indianapolis, Dayton, and Detroit, where rates average over 10%.

Brits looking to see savings returns ’shouldn’t invest in US property’

Investors would be better to place their funds in more reliable places such as international savings accounts than US property in the current economic climate, according to an expert.

Residential property (top-R) on Victoria Peak overlooks the skyline of Hong Kong

HONG KONG : Hong Kong property consultants said the government's move to raise transaction taxes for luxury apartments will do little to stabilise residential prices.

Dublin's property market is improving

DONAL THORNTON IrishCentral.com 26.02.2010
Dublin's property market is improving

The Irish property website MyHome.ie has said that the number of second hand properties that were "sale agreed" has significantly increased.

Croydon open day to help first-time buyers

Property firm Taylor Wimpey are aiming to help first-time buyers on to the housing ladder by holding a funding open day at their latest construction.

Portuguese hotel group Pestana launches in London

Becky Paskin Big Hospitality 26.02.2010
In Mayfair there has been the arrival of the Chinese buyer

A year ago a weak pound, together with house price falls, encouraged international buyers to rekindle their love affair with the central London market. But now, with prices rising and sterling strengthening is the relationship turning sour?

A state-of-the-art room at the Pestana Chelsea Bridge Hotel

Portugal-based hotel group Pestana is to open its first UK property next week, the four-star Pestana Chelsea Bridge Hotel and Spa in London.

Top-end homes outperform nationwide

Kaya Burgess The Times 26.02.2010
Top-end homes outperform nationwide

High-value houses are weathering the housing downturn across the country

First time buyers shouldn’t panic following stamp duty changes, says UK broker

First time buyers who didn’t manage to find a new home before the government’s stamp duty concession ended shouldn’t despair, says a leading UK mortgage broker.

UK Retirement Villages Need International Developers

International and UK property developers are missing out on opportunities in the UK to build developments aimed at the growing elderly population in the UK. According to Knight Frank’s ‘Retirement Housing Report’ 2010, retired people form the country’s fastest growing demographic group.

Declining owners means more renters in the UK

The proportion of households choosing to be owner occupiers is continuing to decline in the UK but there has been an increase in the proportion of private renters expecting to purchase a property over the medium term, according to a new report.

 
Central London Real Estate Remains A Compelling Investment Over The Longer Term

The future for prime London real estate looks promising - especially for investors with an eye for the long term. Overseas investment should get a boost in 2010 from the dollar's comeback, but the market still faces challenges with an impending election, and possible changes in tax and banking policies.

 
 

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