News

International real estate transactions dip 46%

Credit crunch and economic uncertainty have taken their toll on the global property market, with transaction volumes falling by 46 percent in the first quarter, according to a property report.

Dubai property speculators causing

Dubai's government should introduce a capital-gains tax on properties sold within 12 months of purchase to rid the market of speculators and stop the real- estate market from "overheating," said Standard Chartered Plc.

Delta Valley gets nod for resort in Binh Thuan

Binh Thuan Province has awarded a license to Binh Thuan Delta Valley Co. to develop a tourism complex on 1,000 hectares there, which is envisioned becoming a vast zone of entertainment and accommodation facilities.

Shanghai house sales see declining trend

Housing prices in shanghai has shown signs of decline, with some luxury apartments in the city center seeing a cut in prices while potential buyers remain uncertain on the timings of making a purchase.

Irish real estate agents see no improvement in property market

More than three-quarters of Irish real-estate agents don't expect an improvement in housing-market activity over the next 12 months, NCB Stockbrokers reported, citing a survey.