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Property news by Property Wire

Thu
Jul 24th
2008
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New Zealand hit hard by credit crunch New Zealand developers being hit hard by credit crunch

The global property slowdown is biting hard in New Zealand where developers are putting projects on hold, spending cash reserves and even going into receivership.

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Europe
Prime London properties to drop in prices Super priced London property expected to drop The superprime residential property market in London is holding up in the current economic downturn, according to the latest research.
 
Africa
Egyptian mortgage market catches up Egyptian mortgage market catching up with booming property market The amount of mortgage finance in Egypt is expected to double in the next year as it catches up with the country's booming property market.
Asia
Cambodian tourist numbers increase Tourist growth helps boost property market in Cambodia The number of tourists visiting Cambodia has increased in the first half of this year with authorities now predicting more than 2.3 million visitors for 2008.
   
Australasia
New Zealand rental market slowing New Zealand rental market confidence slowing Confidence in the rental property market in New Zealand is at its lowest point for four years despite rents rising, according to a new report.
 
Muriu Beach, Natal
 

Overseas property investment

Company news

Buying in Egypt – It's no pyramid scheme!

According to Steve Worboys, MD of property investment experts Experience International: "the loose definition of an 'emerging market' in property terms is a real estate market that has yet to be tried and tested, where there is an element of risk hopefully offset by positive fundamentals for the potential of growth in terms of demand for property and the underlying value of land and real estate."

Forum Watch

Emerging markets seen as the best option for overseas property investors

Emerging markets are attracting considerable attention during the current economic downturn as property investors seek out bargains. But getting the right information on which to base an investment decision is critical, as can be seen on the property forums this week.

Currency watch

Euro continues to slide against the Dollar

The US dollar made good gains last night on the back of speculation that the Fed could begin tightening rates to fight inflation.

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