Property

Egypt's main stock index declined on Tuesday as profit-taking continued across the board for a second day, with declines in heavyweight Orascom Construction Industries (OCI) (OCIC.CA)(OCICq.L), dealers said.

U.K. Chancellor of the Exchequer Alistair Darling said Tuesday the government will reduce to 2%, from 5%, the business property tax rate for the 2009/2010 financial year and spread the remaining increase over the next three years

The government will buy up to 1 billion rupees ($20 million) worth of flats from real estate firm Emaar MGF Land, the Business Standard newspaper reported on Sunday, citing a senior ministry official.

Foreign Investment Promotion Board (FIPB) has said that the foreign investors in Indian real estate cannot sell their stakes to another foreign investor before three years.

March has been a massively good month for New Zealand property, compared to the norm I can safely say the enquiries are flying in. Unlike most of the trends I come across the trigger for the sudden rise in New Zealand's popularity with overseas buyers is a mystery - answers on a postcard kind of scenario”.