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Property news by Property Wire

Sun
Oct 12th
2008
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Latest property news

Brazil property market expected to remain strong despite falling growth forecasts

South America
Saturday, 11 October 2008
Brazil can weather the downturn

Emerging markets will not be immune from the global credit crisis and countries like Brazil are expected to see considerable downturn in growth.

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City of London property deals fall through in funding crisis

Europe
Saturday, 11 October 2008
London property deals falling through

Key property deals in the City of London are falling through as funding dries up due to the worldwide credit crunch.

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Asia bracing itself for downturn in property markets

Asia
Saturday, 11 October 2008
Asian property markets face a crisis

Asian property markets are falling victim to the global credit crisis and seeking ways of lessening the impact at a local level.

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Property price gap unsustainable in 16 countries

Related Stories
Friday, 10 October 2008
Property price gaps unsustainable

The property price gap in 16 countries has risen beyond what their economies can support, according to the latest figures from the International Monetary Fund.

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Scared property investors fail to be seduced by Cityscape expo

Middle East
Friday, 10 October 2008
Cityscape fails to boost investor confidence

Property investors are becoming afraid of putting their money into bricks and mortar and adopting a wait and see approach, it is claimed.

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G7 alone cannot halt world economic panic

Related Stories
Friday, 10 October 2008
G7 cannot alleviate the global crisis

Finance ministers of the world's Group of Seven industrial nations meeting in Washington today cannot alleviate the global economic crisis alone even if they agree a joint proposal, it is claimed.

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EU investigates Spanish property developments

Europe
Friday, 10 October 2008
EU investigates Spanish developments

The European Commission is investigating more than 250 new housing projects in Spain amid fears that there is not sufficient water supplies for the developments.

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Key London development seeking Middle East cash

Europe
Thursday, 09 October 2008
Wembley City looks to Middle East for funding

The developers of Wembley City, a key project being built around the UK's national football stadium in London, is seeking funding in the Middle East.

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Middle East banks starting to limit lending to real estate sector

Middle East
Thursday, 09 October 2008
Middle East banks reconsider funding

Banks in the Middle East are facing lending difficulties over their exposure to the real estate sector, experts are warning.

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Further interest rates cuts needed in UK to revive property market

Europe
Thursday, 09 October 2008
UK property market needs further rate cuts

The much welcomed interest rate cut by the Bank of England is unlikely to have much impact on the UK property market, according to industry experts.

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Infinity Tower in Dubai delayed by 18 months

Middle East
Wednesday, 08 October 2008
Infinity Tower, Dubai

The iconic Infinity Tower in Dubai is facing an 18 month delay and will not now be completed until 2011, it has been confirmed.

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Liquidity fears and merger rumours spread around Middle East markets

Middle East
Wednesday, 08 October 2008
Middle East markets facing meltdown

Optimistic property developers in the Middle East are unveiling billions of pounds worth of new projects in what is seen as a smokescreen to what is actually happening in the region's markets.

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Russian investors putting their money into international property

Europe
Wednesday, 08 October 2008
Russians investing in international property

Russians are investing heavily in overseas property buying in the French Riviera, Spain and Central London.

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Investors bullish about Middle East but analysts more pessimistic

Middle East
Wednesday, 08 October 2008
Middle East investors still optimistic

Real estate markets in the Middle East will outperform all other regions over the next couple of years, according to a new survey.

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Global economic crisis means bids for Monte Carlo artificial land being reassessed

Europe
Tuesday, 07 October 2008
Monte Carlo's artificial island comes under review

The global economic crisis could affect the development of Monte Carlo's multi million pound answer to Dubai, it has been revealed.

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US developers sell off land on the cheap

North America
Tuesday, 07 October 2008
US developers selling land cheaply

Property developers in the US are starting to sell land cheaply and reap tax benefits from selling at a loss, it has been revealed.

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Central London property rents falling but buy-to-let more viable

Europe
Tuesday, 07 October 2008
Central London rents falling

'Forced' landlords are causing residential rents in central London to fall but they are still higher than they were a year ago, according to a report published today.

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New Zealand banks 'rationing' lending for property buyers

Australasia
Monday, 06 October 2008
New Zealand tightens lending criteria

Property buyers in New Zealand, especially those who are self employed, are facing an uphill battle to secure a mortgage as lenders tighten their criteria even further.

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New York property suffers from job losses and lack of Euro interest

North America
Monday, 06 October 2008
New York property prices head for a major fall

Property in New York is heading for major price falls as high earners in the finance sector lose their jobs and bonuses and the number of foreign buyers drops.

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Overseas property investment

Feature story

From Communism to Capitalism - Cuba opening up to property investment

It is said that a true property hotspot hasn't even been talked about yet. That a few brave investors whisper about the prospects and are careful not to brag and let the news out that they have found the next exciting investment opportunity.

Company news

Caribbean ecotourism yields economic rewards for investors

The Caribbean is well known for its tourism based on sun, sea and sand but in recent years the region has also developed a niche market of ecotourism.

Forum Watch

Banks in the news but property industry future unclear

With banks across the globe seeming to need more and more and bets being laid on the next one to go bust it might seem that looking beyond the obvious is a good idea.

Currency watch

Dollar had a good day

US Dollar had a good day yesterday as stocks continued to fall in the markets. Gold also continued to strengthen and oil weakened.

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