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Property news by Property Wire

Thu
Jul 24th
2008
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News related to law

Romanian president protects rights of pre-communist property owners
2008-07-21 14:03:45 [Europe]

The President of Romania has flung out a new property law because it cancels the right of people to buy back their properties that were confiscated during the Communist era.

Read full article: [Romanian president protects rights of pre-communist property owners]
 
Risk planning zones in France have major implications for property
2008-07-16 18:09:38 [Europe]

The French government is creating new planning zones to take into account the possible effects of natural disasters which have major implications for developers and property owners.

Read full article: [Risk planning zones in France have major implications for property]
 
New construction banned as concerns about over development in Bulgaria increase
2008-07-07 09:32:06 [Europe]

Over development in Bulgaria is having a serious effect as various projects are being halted over concerns about quality, standards and a lack of planning and vision.

Read full article: [New construction banned as concerns about over development in Bulgaria increase]
 
Twenty year tax exemption for property investors renewed in Panama
2008-06-24 10:23:47 [South America]

The 20 year tax exemption for buyers in Panama which expired last year has been restored to keep the country's booming real estate market on the rise.

Read full article: [Twenty year tax exemption for property investors renewed in Panama]
 
New property law in Nicaragua could halt coastal development
2008-06-22 10:31:57 [South America]

A new coastal law under discussion in Nicaragua could severely restrict and even halt beachside developments, it is feared.

Read full article: [New property law in Nicaragua could halt coastal development]
 
Turkish government bill lifts temporary title deed restriction
2008-06-13 10:15:38 [Europe]

A temporary restriction preventing foreign investors buying in Turkey has been lifted by the passing of a new government bill.

Read full article: [Turkish government bill lifts temporary title deed restriction]
 
Turkish government to look into stamping out illegal property deals
2008-06-09 18:03:13 [Europe]

Turkey is cleaning up its act in terms of regulating the real estate business and lessening the chances of foreign investors being taken for a ride, it is claimed.

Read full article: [Turkish government to look into stamping out illegal property deals]
 
Rental bookings in Spain down as fines are introduced for the non-registered
2008-06-05 09:53:42 [Europe]

Property owners in Spain who rent accommodation to holidaymakers and visitors are struggling to find bookings this year and the clampdown on non-registered rentals is spreading.

Read full article: [Rental bookings in Spain down as fines are introduced for the non-registered]
 
Spanish rental properties face tourism tax clampdown
2008-05-29 09:02:08 [Europe]

Property owners in Spain who let to tourists and aren't registered with their local tourism authority face fines of up to €30,000 under a new clampdown.

Read full article: [Spanish rental properties face tourism tax clampdown]
 
Valencia promises to overhaul land grab law
2008-05-24 14:08:40 [Europe]

A promise by authorities in Valencia to overhaul the region's controversial 'land grab' law is unlikely to stop the notorious practice, a leading Spanish property expert claims.

Read full article: [Valencia promises to overhaul land grab law]
 
Hope for controversial Cyprus property ownership solution
2008-05-15 10:10:26 [Europe]

Extensive talks on Cyprus over the future of land and property ownership are due to begin in June, it has been confirmed.

Read full article: [Hope for controversial Cyprus property ownership solution]
 
Diversify to make money on global property market, experts advises
2008-05-13 17:05:00 [Related Stories]

The key to making money in international real estate is diversification and not putting all your eggs in one basket, according to a global federation.

Read full article: [Diversify to make money on global property market, experts advises]
 
Rock star backs environmentalists to protect scene of Nelson's great battle
2008-05-10 14:09:27 [Europe]

Nature lovers and a rock star are gearing up to protect one of Spain's last unspoilt pieces of coastline from developers. They want to protect the area around the Trafalgar Lighthouse, scene of Nelson's famous battle, from being turned into a luxury resort.

Read full article: [Rock star backs environmentalists to protect scene of Nelson's great battle]
 
Over half a million Spanish properties built since 2005 still unsold
2008-05-09 18:05:58 [Europe]

As a result of the real estate crisis in Spain, nearly one third of the 1.8 million properties build since 2005 cannot be sold, according to a leading construction association.

Read full article: [Over half a million Spanish properties built since 2005 still unsold]
 
Current credit climate makes it important for property investors to seek advice
2008-05-09 14:02:12 [Related Stories]

People who are purchasing an overseas property don't always take professional advice despite the fact they wouldn't do the same in their own country, leading experts are warning.

Read full article: [Current credit climate makes it important for property investors to seek advice]
 
Romania determined to introduce green building initiatives
2008-05-03 18:06:12 [Europe]

Energy efficient property will become the norm in the future in central and Eastern Europe, a major conference on green building in Bucharest, has been told.

Read full article: [Romania determined to introduce green building initiatives]
 
Temporary Turkish halt on foreign property transactions will end in july
2008-05-02 18:02:47 [Europe]

Turkey's temporary suspension of the issuing of title deeds to foreign property buyers will end on July 16th, it has been officially confirmed.

Read full article: [Temporary Turkish halt on foreign property transactions will end in july]
 
Messina bridge and property tax abolition means Calabria is one to watch
2008-05-01 14:03:48 [Europe]

Newly elected Italian Prime Minister Silvio Berlusconi, will need to find an astounding €2 billion to keep his election campaign promise of getting rid of the main Italian property tax.

Read full article: [Messina bridge and property tax abolition means Calabria is one to watch]
 
Diligence needed to avoid being 'ripped off'
2008-04-28 09:03:35 [Europe]

With various countries beginning crackdowns on illegally constructed property warnings are being issued to property investors to check before buying.

Read full article: [Diligence needed to avoid being 'ripped off']
 
Gibraltar - Costa del Sol's rock solid property investment
2008-04-25 09:03:00 [Europe]

The property market in Spain may be slowing down but in neighbouring Gibraltar it is positively glowing.

Read full article: [Gibraltar - Costa del Sol's rock solid property investment]
 
Law change will benefit foreign property investors in Cambodia
2008-04-23 18:05:31 [Asia]

Foreigners could be allowed to buy property freehold in Cambodia by the end of 2008 under an amendment to the property laws being considered by the Government.

Read full article: [Law change will benefit foreign property investors in Cambodia]
 
Swiss property experts welcome moves to make buying easier
2008-04-22 09:08:22 [Europe]

New laws are being drafted in Switzerland to make it easier for foreign investors to buy property although it could be 18 months before they are passed.

Read full article: [Swiss property experts welcome moves to make buying easier]
 
Investors who sold in Spain entitled to whopping tax rebate
2008-04-20 09:02:16 [Europe]

Hundreds of thousands of foreign investors who have sold property in Spain over the last few years could be owed a tax rebate of around £11,000 each, it has been confirmed by lawyers.

Read full article: [Investors who sold in Spain entitled to whopping tax rebate]
 
Real estate agents back Spanish coastal property clean up
2008-04-19 18:06:27 [Europe]

Ecology groups and estate agents are backing the Spanish government's drive to clean up the country's coastline and take property back into state ownership or demolish it.

Read full article: [Real estate agents back Spanish coastal property clean up]
 
Cádiz first to 'benefit' from construction crackdown
2008-04-12 18:08:10 [Europe]

The Spanish government has announced ambitious plans to return the coast of Cádiz to its natural state.

Read full article: [Cádiz first to 'benefit' from construction crackdown]
 
UK Marine Bill could affect price of coastal properties
2008-04-08 18:09:31 [Europe]

Property prices in coastal areas could fall 20% if the public is given free access to the entire English coast, as proposed in the new UK Marine Bill.

Read full article: [UK Marine Bill could affect price of coastal properties]
 
New tax laws helps flagging Italian property market
2008-04-04 14:02:50 [Europe]

Property in Italy could be set to see a renewed surge of interest from foreign buyers thanks to changes in the tax laws.

Read full article: [New tax laws helps flagging Italian property market]
 
Property tax law boosts interest in Panama
2008-03-31 14:02:38 [South America]

Panama may be best known for its famous canal, but it has also received a boost on the investment front from the property tax exemption laws for new buildings.

Read full article: [Property tax law boosts interest in Panama]
 
Freehold for Cambodia 'being discussed'
2008-03-31 09:09:10 [Asia]

The government in Cambodia is considering allowing foreigners to buy real estate freehold. Although it may be some time before change comes about, one property experts believes it could be one of Asia's best buys.

Read full article: [Freehold for Cambodia 'being discussed']
 
Property moguls want change in India
2008-03-29 15:06:09 [Asia]

Real Estate agents in India hope restrictions on foreign investment will be lifted sooner rather than later. They are lobbying for change.

Read full article: [Property moguls want change in India]
 
Albania 'ignored' by foreign investors
2008-03-28 12:09:43 [Europe]

Despite its Mediterranean location, Albania's property market is 'being ignored' by foreign property seekers, it is claimed. This might be about to change, however, as established real estate organisations get in on the act.

Read full article: [Albania 'ignored' by foreign investors]
 
Vietnamese property market struggling
2008-02-26 01:02:55 [Asia]

In an effort to reduce property prices, the Vietnamese government is enacting some strong legislation. Real estate companies are concerned these laws will not have the desired effect on the market.

Read full article: [Vietnamese property market struggling]
 
Fidel's exit from Cuba to present legal battles
2008-02-22 17:07:42 [South America]

Cuba's long term hold on property may face increasing legal trouble now that Fidel is out of power.

Read full article: [Fidel's exit from Cuba to present legal battles]
 
Greece not as good as Balkan countries
2008-02-22 07:03:08 [Europe]

The Greece property market is not as profitable or as inviting as that of Balkan countries such as the Ukraine and West Balkans.

Read full article: [Greece not as good as Balkan countries]
 
Property rights and other issues continue to mar Kenyan outlook
2008-02-21 17:04:04 [Africa]

Kenya faces many hurdles including property rights on its quest for peace and security for its citizens

Read full article: [Property rights and other issues continue to mar Kenyan outlook]
 
Qatar may introduce rent cap to curb inflation
2008-02-20 15:09:34 [Middle East]

This year, Qatar will lower the rent cap from 10% to 7% in an effort to curb inflation.

Read full article: [Qatar may introduce rent cap to curb inflation]
 
Egyptian tax laws to change
2008-02-19 13:06:06 [Africa]

Taxation laws in Egypt are set to change, with low income housing receiving the lion's share of the benefits.

Read full article: [Egyptian tax laws to change]
 
Brazil continues upward trend as others fail to catch up
2008-02-18 09:09:12 [South America]

For those looking to buy property in South America, Brazil is one of the strongest possibilities.

Read full article: [Brazil continues upward trend as others fail to catch up]
 
Entrepreneurs in Dubai to receive rent relief
2008-02-11 23:09:53 [Middle East]

With prices in Dubai going through the roof, at least one group of people are going to benefit from increased government regulation.

Read full article: [Entrepreneurs in Dubai to receive rent relief]
 
Kuwait revises build-operate-transfer law
2008-02-08 15:07:04 [Middle East]

With confusion reigning supreme over some aspects of the build operate transfer law in Kuwait, the government has made a few changes.

Read full article: [Kuwait revises build-operate-transfer law]
 
Abu Dhabi to strictly enforce rent cap and increase supply
2008-02-07 07:03:09 [Middle East]

With inflation starting to spiral upwards at an alarming rate, Abu Dhabi's government is committed to as little government regulatory interference with the market as possible.

Read full article: [Abu Dhabi to strictly enforce rent cap and increase supply]
 
Tecom being sued by US real estate company
2008-02-04 10:03:12 [Middle East]

Negative publicity in the heart of a property boom can never have positive effects and a $1 billion lawsuit for illegal activities by Tecom Investments is negative publicity of the highest kind.

Read full article: [Tecom being sued by US real estate company]
 
Join property ownership in Dubai now better defined
2008-02-01 17:02:37 [Middle East]

The long awaited law in Dubai governing the definition and use of joint properties in the Emirate has finally arrived.

Read full article: [Join property ownership in Dubai now better defined]
 
Violence continues in Kenya while property market remains independent
2008-02-01 15:03:37 [Africa]

As the violence continues in Kenya, an independent judiciary remains good news for property investors.

Read full article: [Violence continues in Kenya while property market remains independent]
 
Dubai introduces new real estate regulation
2008-01-26 21:09:37 [Middle East]

In response to perceived ills in the real estate market, the Dubai government has decided to take action once again.

Read full article: [Dubai introduces new real estate regulation]
 
Abu Dhabi sets new guideline for landlords
2008-01-13 20:00:37 [Middle East]

While stress from unpaying tenants is now being answered with new laws, stress from rent caps in the region continues, but property owners seem unconcerned.

Read full article: [Abu Dhabi sets new guideline for landlords]
 
Cleveland sues lender in wake of subprime crisis
2008-01-13 08:44:37 [North America]

As one of the worst hit cities by the subprime lending and foreclosure crisis, Cleveland, Ohio, a large US city is suing lenders in a method to make them repay damage caused to the city.

Read full article: [Cleveland sues lender in wake of subprime crisis]
 
Demand pressure forces Dubai government to introduce Index
2008-01-11 12:00:37 [Middle East]

High demand continues in one of the property hotspots of the world. The increasing demand has had side effects that have finally pushed the Dubai government to institute regulatory measures.

Read full article: [Demand pressure forces Dubai government to introduce Index]
 



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Feature story

China – an open oyster for property investment despite heavy hand of government

With the opening of the Olympics in Beijing global eyes will be on China, a country transformed beyond any predictions made a decade ago.

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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