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RAK construction slowed by rainFollowing an incident where two workers were struck by lightening, authorities in the UAE emirate of Ras Al Khaimah have asked construction companies to limit their operations during the rainy season. Saeed Rashed Al Nuaimi, Chief of Labour Office in Ras Al Khaimah, said when it rains it is common for scaffolding to fall and walls to collapse at construction sites.
ameinfo.com Sunday, January 18, 2009Greece Grows in Popularity With the British
The Telegraph Travel Awards 2008 and their poll of over 25,000 readers have placed Greece in second place in their Best European Country ranking - only falling short to the ever-popular Italy - and in turn staking its claim as a growing destination of choice amongst the British
homesgofast.com Sunday, January 18, 2009Euro Marks 10 Years in Circulation
The European Parliament marked the 10th anniversary of the introduction of the euro as a bastion of economic stability in the region. EP President Hans-Gert Pottering noted that the adoption of the euro has acted as “a stabilizing factor.” He also said that “The common currency has protected us from the worst consequences of the worst financial crisis since the 1930s.”
homesgofast.com Sunday, January 18, 2009Alitalia Begins Anew
Italy’s national flag airline, Alitalia, begins 2009 with a new set of owners and a slimmed-down workforce. The bankrupt airline, which some had expected to simply disappear, was sold in December, 2008 by the Italian government to a €1.052 deal to the Italian Air Company. In January, Air France-KLM purchased a 25 percent stake in the company.
homesgofast.com Sunday, January 18, 2009Film Studio Coming to South Africa
A new, state of the art film studio is under construction in South Africa, and it is hoped to draw increasing numbers of actors, producers and directors to the country to shoot their movies. Cape Town Studios is being constructed 25 kilometers east of Cape Town on 200 hectares of ground near lush vineyards. The new studio will rival anything in Hollywood or Bollywood, according to news reports
homesgofast.com Sunday, January 18, 2009Orlando Foreclosure Rate Tripled in 2008
The Metro Orlando, Florida area had the seventh highest rate of home foreclosures in the united states in 2008 with one in every 18 household receiving a formal default notice from a lender. In the four-county metro area, consisting of Orange, Seminole, Osceola and Lake Counties, that means that 46,843 properties had foreclosure filings taken against them. That’s three times the rate in 2007 and 5.5 percent of all households in the area.
homesgofast.com Sunday, January 18, 2009Indonesian Developers Call for Easing Ownership Rules
The Indonesian Real Estate Developers Association (REI) has called for foreign property ownership rules to be relaxed. Some members are asking for a change to the rules so that foreigners can buy leasehold titles on apartments and houses for a minimum of 75 years. Others are requesting foreigners be allowed to own and purchase property in the country outright.
homesgofast.com Sunday, January 18, 2009Housing market: what next for house prices?
The experts in house price predictions give their views on the British housing market , for buyers It’s hard to know what to expect in these uncertain times in the housing market. Mortgage availability, mortgage cost, supply and demand issues… there are so many factors involved, it’s almost impossible to guess where house prices will be a year from now. Nonetheless, many people are giving it a go.
homesgofast.com Sunday, January 18, 2009DIB, RERA host escrow forum
Dubai Islamic Bank in partnership with Real Estate Regulatory Agency hosted over 50 real estate developers at a recent escrow forum. The forum provided a platform for DIB's escrow account customers to communicate with RERA. As one of the largest escrow players in the market, DIB has been actively involved with consulting RERA on general issues related to the escrow regulations.
ameinfo.com Sunday, January 18, 2009Indian Property Developer Bailout Backfiring
A recent initiative by the Indian government to prop up property developers by allowing banks to restructure and extend loans is backfiring and turning into another fiasco. (...)
International Property Investment Sunday, January 18, 2009
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