Posted on 10 July 2009 by Laxman | Email |Print
From Voanews.com: Land and property rights took center stage at the opening of a two-day investment conference in Zimbabwe.
President Robert Mugabe passionately defended Zimbabwe’s land reform program and blamed the British for not compensating the farmers for the loss of their land………Full Article: Source
Posted on 27 April 2009 by Laxman | Email |Print
From Dailystar.com.lb: It’s not exactly business as usual, but the construction sector in the deep-pocketed Gulf emirate of Abu Dhabi appears set to weather the economic crisis, pressing ahead with major developments.
An annual four-day real estate show, Cityscape Abu Dhabi, scheduled to end on Wednesday, was extended by a day on government instructions “to facilitate networking between investors, developers and decision makers from the real estate industry,” the show’s website said……..Full Article: Source
Posted on 10 March 2009 by Laxman | Email |Print
From FT: German Banks have emerged as virtually the only lenders willing to regularly spend significant amounts of money on large new deals in UK commercial property.
Savills, the UK property consultancy, will say on Tuesday that eight of the 12 lenders willing to consistently back deals of more than £25m ($34m) to new borrowers in the UK market this year are German….. Full Article: Source
Posted on 16 February 2009 by Laxman | Email |Print
From Khaleejtimes.com: Investors gave lacklustre response to the International Property Show (IPS), which was inaugurated at Dubai’s International Convention Centre on Sunday.
“These are the difficult times and we must admit the realty and then we find the solution,” said Abdullah M Al Shizawi, managing partner of Heart of Capital, a company that sells UK agricultural land to the buyers in UAE and other GCC countries….. Full Article: Source
Posted on 19 January 2009 by Laxman | Email |Print
From Propertywire.com: Cash strapped developers in India are going back on a promise to sell properties at a reduced price in return for beneficial loan rates, it is claimed.
The banking system’s bail out programme to help developers is now under strain. Some bankers have complained to the central bank that after making use of the relaxed rules, which permit banks not to classify loans to real estate firms as bad loans the moment they are restructured, builders continue to hold on to artificially inflated prices….. Full Article: Source
Posted on 09 December 2008 by Laxman | Email |Print
From IPE: Harvard University’s endowment has lost $8bn (€6.3bn) of investments in the first four months of the university’s fiscal year and is expected to deliver the worst annual returns in 40 years, officials have announced.
Harvard’s endowment, which is the largest university endowment in the United States and had asset under management of $36.9% at the end of June, lost approximately 22% of its investments in the three months between July and October 31 as a result of the financial crisis affecting all major asset classes, including real estate….. Full Article: Source
Posted on 13 November 2008 by Laxman | Email |Print
From Ittefaq.com: The Real Estate and Housing Association of Bangladesh (REHAB) is now holding its exhibition at the Bangladesh China Friendship Conference Centre. Over the years, this fair turned into an annual event to showcase the products of real estate developers to their potential clients under one roof.
Nearly 191 real estate developers and four financial institutions with deep involvement in real estate business, are participating in it. Like in other years, the fair will be providing comprehensive services to those who look forward to owning homes…… Full Article: Source
Posted on 31 October 2008 by Laxman | Email |Print
From Portugalresident.com: The property market in the future must be associated with sustainable development, socially responsible pricing and the environment.
These were the conclusions of the Salão Imobiliário de Lisboa 2008 (SIL), Lisbon’s annual property fair, which ran until October 26 at the Feira Internacional de Lisboa (FIL) at Parque das Nações. This year’s fair counted on 300 exhibitors spread out over three exhibition halls and an estimated 33,000 professional visitors….. Full Article: Source
Posted on 28 October 2008 by Laxman | Email |Print
From Ameinfo.com: The Bahrain International Property Exhibition (BIPEX 2008) held 23-25 October, attracted more than $50bn worth of realty projects from across the world.
Organised by Bahrain Society of Engineers (BSE), BIPEX attracted 96 participants from the: UK, Portugal, India, Philippines, the UAE, Kuwait, Oman, Saudi Arabia, Qatar and Jordan and Bahrain….. Full Article: Source
Posted on 27 October 2008 by Laxman | Email |Print
From Middle East Events: 24 Group, one of the leading outdoor media specialists and exhibition stand builders, is establishing a permanent exhibition center where real estate players in the UAE and the Middle East can showcase their projects all year-round.
The first permanent property and mortgage exhibition in the UAE is dubbed the Property Outlet and will be located at the shopping mall of Crowne Plaza Towers, in the heart of Dubai City’s business district. Supported by the Real Estate Regulatory Agency (RERA) and managed by 24 GROUP, the Property Outlet introduces a new concept in real estate exhibition in the UAE by creating a permanent display center which puts together the most prominent property developers, brokers, banks and private finance institutions under one roof….. Full Article: Source
Posted on 22 October 2008 by Laxman | Email |Print
From Reuters: Australia’s A$63.4 billion ($44 billion) sovereign wealth fund will increasingly look for bargains in property and infrastructure to help cover future pension payouts, the fund’s manager said on Tuesday.
The government-run fund, called the Future Fund, is Australia’s largest single investment fund and was set up in 2006 to cover future public service pension liabilities. It still has about A$34.5 billion in cash assets….. Full Article: Source
Posted on 16 October 2008 by Laxman | Email |Print
From Investmentinternational.com: The Indian property market is set to “take off” according to Graham Wood, project director of Cityscape, who are organising a major property exhibition in Bombay in December.
“In spite of the global economic downturn, India has an enormous demand for residential, commercial, hospitality, industrial, retail and infrastructure development. It offers outstanding return on investment for global real estate investors and developers.” Wood notes that there is a shortage of 22.4 million residential units in the country. “Over the next 10–15 years, 80 to 90 million housing units will have to be constructed with a majority catering to middle to lower income groups.” An estimated $25bn investment will be required over the next five years in urban housing alone….. Full Article: Source
Posted on 16 October 2008 by Laxman | Email |Print
From Mlive.com: As hundreds gather today and tomorrow for the University of Michigan/Urban Land Institute Real Estate Forum in Grand Rapids, the shadow of the dire financial markets remains a major issue for many in the construction and real estate industry.
For months, commercial real estate developers have complained the sub-prime market had prompted lenders to significantly tighten their purse strings on financing projects. As the situation in the financial markets went from bad to worse in the past few weeks, so too has commercial real estate development, industry leaders say….. Full Article: Source
Posted on 12 September 2008 by Laxman | Email |Print
From Propertywire.com:Istanbul will host Turkey’s first international property and architecture exhibition next month in a move that is regarded as putting the country firmly on the mainstream property map.As well as featuring real estate experts and planning professionals, the exhibition includes visits from some of the world’s leading architects including Nigel Dancey of London based Foster & Partners.It is the first time that many organisations will have been represented in Turkey.
The European Public Real Estate Association, US based Portman Holdings and others from Holland, the UK and the US will be present. One of the highlights will be the ArkiPARC Awards’ Award Ceremony to be held on the last night. There will be awards in three categories – real estate, architecture and construction.The real estate awards cover residential, office, hotel, shopping centre, alternative investments and mixed use projects whose construction has been completed in Turkey in the last five years….. Full Article: Source
Posted on 21 July 2008 by Laxman | Email |Print
From Emediaworld.com:The International Real Estate Federation, FIABCI, has announced that it will present this exciting international Congress on October 23-25, 2008 at the Sheraton Waikiki in Honolulu, Hawaii, U.S.A. This will be the first time in FIABCI’s 60-year history that two of FIABCI’s regions, the Americas and Asia-Pacific, will combine their extensive global resources. East meets West as delegates from the Pacific Rim nations and beyond congregate in one of the most symbolic destinations in the Pacific: the Hawaiian Islands. Those in attendance will gain insight into the minds of the world’s leading experts in real property. Additionally, this well-rounded program includes a host of educational seminars focusing on successful commercial and residential projects, transnational practices, and marketing sessions. Study tours will feature innovative and sustainable Hawaiian projects considered world class models. The entire program is specifically tailored to the changing global real estate market.
“The phenomenal growth of real estate in these two FIABCI Regions, and the rapidly changing patterns in the flow of financing across the Pacific, will be just two of the subjects presented by international experts in the contexts of real estate panoramas and conferences,” said Dr. Luis Fernando Correa-Bahamon, FIABCI World President…. Full Article: Source