World news
Market towns prove most desirable
Homebuyers are proving the enduring appeal of the quintessential market town, pushing prices for property ever higher. According to research from Halifax, some 67 percent of the towns – which are defined as those with a population of between 3,000 and 30,000 inhabitants – attract higher average property prices than neighbouring conurbations.
U.K. July house prices drop the most since 2002
U.K. house prices dropped in July from a year earlier for the first time since Rightmove Plc started measuring them in 2002, as the squeeze on lending pushed up the number of unsold properties to a record.
Office space shortage drives up prices
A shortage in the supply of office space across Dubai will drive up prices in the commercial market, according to a new report.
India: Present downturn in real estate a temporary blip
The persistence of inflationary pressure in the market will further affect the recovery in the real estate sector. As the government measures to improve supplies of essential commodities , so far, have had limited impact on controlling prices, RBI is likely to further take harsh measures to push the interest rates up on July 29 when it review its credit policy.
BPF says tax change to prolong UK property downturn
Punitive new tax rules could prolong Britain's commercial property downturn, which is already on course to continue well into 2009, the head of the country's leading property industry body said on Friday.