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Europe: Top Headline
Scathing EU report on Bulgarian corruption has implications for property marketThe withering European Commission report on corruption and maladminstration in Bulgaria which has resulted in the freezing of up to a billion euros in funding has major implications for the property market.
Most Read
Feature story
Winners and losers in the global property market defined by growing oil pricesSoaring oil prices are affecting property investment across the globe to such an extent that countries that import energy supplies are likely to see even more of a downturn before markets bottom out.
Company news
Phuket tourism rising above global worriesConstantly rising oil prices have been taking their toll on the travel and tourism industry, especially with airlines raising prices or cutting flights and routes - or both. As a result, the Tourism Authority of Thailand (TAT) recently announced a downward revision of its predictions of tourist figures for 2009.
Forum Watch
Tough times need tough investorsIt is difficult to escape the property headlines this week with all news outlets mentioning property. The frustrations of investing in property during a downturn are well documented in the forums this week.
Currency watch
Dollar gains ground over good dataThe US dollar gained a lot of ground yesterday as good data was released in the US. There was a large selloff in Crude Oil futures as US crude inventories gained an unexpected 3.0M Barrels.
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