Sales picking up in Spanish property market
Agents and developers in Spain are reporting increased property sales levels following the first national rise in transactions in three years.
Property sales were up 4.1% year-on-year in Q4 of 2009 to over 116,000, according to data from the Ministry of Housing. This was the housing market’s firs
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Warren Buffett is confident of US property market recovery
US billionaire investor Warren Buffett has predicted the downturn in the US property market will be over within a year.
In his annual address to shareholders in Berkshire Hathaway, the investment group controlled by Mr Buffett, he said prices will remain ‘far below bubble levels’ for the medium
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Taylor Wimpey announces new off plan property release in Marbella
The UK based property developer has announced plans for a new 8.5 million euro project on Spain's Costa del Sol. The developer will begin construction in March 2010 and is due for completion in 2012. La Floresta de La Mairena will consist of 53 properties and comes on the back of the successful sale
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USA Housing outlook for 2010
This year the housing market showed signs of life. But with banks releasing foreclosures en masse in early 2010 and unemployment climbing, prices have further to fall. In a depressed year for the US economy, the housing market has offered some positives, property sales have improved, recently hittin
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Oversupply of new Spanish property will take two years to digest
The oversupply of new build properties in Spain will take two and a half years to digest according to data from the institute of construction technology ( Itec ).
With approximately one million new homes on the market any property completed by developers in the next two and a half years will join
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Spanish Fractional Ownership Property - Not To Be Confused With Timeshare
Fractional Ownership should not be confused with Timeshare. The fundamental difference with fractional ownership is that the purchaser owns part of the title deed, as opposed to units of time. Therefore, if the property appreciates in value, then so do the shares. For those looking for a Spanish hol
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US dollar hits record low against the pound
The US dollar tumbled against major currencies on Thursday, hitting a 26-year low against sterling and a record low against the euro as expectations grew for more interest rate cuts from the U.S. Federal Reserve. At one point, the pound rose as high as $2.1145, before falling back slightly to $
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Huge increase in foreign investment in Cape Verde
Cape Verde is expecting to approve Foreign Direct Investment (FDI) projects to the value of 600 million euros this year, representing more than half of the islands’ GDP, government officials have said.Victor Fidalgo, head of Cape Verde’s CVI state investments agency, told Portuguese news agency Lusa
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Pound hits high against US Dollar
The pound hit its highest level against the dollar for more than a quarter of a century today (April 18, 2007), crashing through $2 barrier after UK inflation rose to 3.1% in March. The rise is the strongest since June 1981, when it hit $2.013.While this is bad news for UK homeowners as i
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Panama votes yes to Canal investment
Voters in Panama overwhelmingly approved the largest modernisation plan in the 92-year history of the Panama Canal, backing a $5.2 billion expansion that will allow the world's largest ships to squeeze through the shortcut between the Pacific and Atlantic.
In a nationwide referendum, Panamanians ap
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