World news

U.S. home sales up in April, inventories swell

Sales of previously owned U.S. homes rose in April, a report showed on Wednesday, providing new evidence the housing market is stabilizing and backing views that the recession is nearing an end.

Chinese commercial property norms relaxed

The government's decision to slash the minimum financial requirement for commercial property investment for the first time in 13 years will help ease property developers' capital strain and stabilize housing prices, analysts said.

UAE property market starting to bottom out

The real estate market in the United Arab Emirates is beginning to bottom out as prices stabilise, but values could still fall further as more property comes onto the market, HSBC said in a report released on Sunday.

Home prices in U.S. drop most on record in quarter

Home prices in the U.S. dropped the most on record in the first quarter from a year earlier, led by California and Florida, as banks sold foreclosed properties.

Dubai property market to recover in 2011

Dubai�s property market will recover in 2011 after a price drop this year, Deyaar Development PJSC�s chief executive officer said.