Christian Debt Recovery

Dubai Debt Update

November 17th, 2007 |

Author: Gavin

Spanish government will embark on a Europe-wide roadshow

The Spanish government should embark on a Europe-wide roadshow to persuade skittish investors to come back to the nation’s property marketplace, beginning off with a press convention on the most recent marketplace developments next week in London.

Minister of Public Works Jose Blanco and Housing Secretary Beatriz Corredor should brief UK property investors and advertising on the most recent legal reforms and prices activity in the Spanish property marketplace, at a convention to be held at the Spanish Embassy next Wednesday.

These folks should afterwards follow on with a consumer roadshow which should begin in Britain and proceed to the Netherlands, France, Germany, Sweden and Russia.

“The Road Show should spotlight the strengths of our economy, transparency and legal certainty of our planning legislation”, stated Blanco in Madrid last 7 days. “It is a excellent time to do this pioneering effort simply because the markets that have the potential to invest in 2nd properties are recovering and we must revive the vacation real estate marketplace to quicken the digestion of stock.”

The Spanish property marketplace is already showing modest signs of having begun this ‘digestion’, with a 6.8% entire increase in house selling last yr – the first beneficial figure since its property bubble burst in 2007.

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Will Donald Trump’s brand benefit from presidential run?

It’s hard to find a public persona of Donald Trump that has hurt his appeal as a real estate pitchman, particularly in South Florida. But will Trump’s newfound role as right-wing birther prove as attractive?

New mortgage law ‘to spur Saudi real estate’

The proposed revision of mortgage lending in Saudi Arabia is expected to spark renewed interest in the residential sector, according to an expert.

Greece budget deficit worse than thought

Greece’s budget deficit for 2010 has been revised up to 10.5% of its annual economic output.

European real estate investment up 32% in Q1

Direct commercial real estate investment volumes in Europe reached EUR 26 bn in the first quarter 2011, representing an increase of 32% year-on-year, according to new research from Jones Lang LaSalle.

Portuguese property prices fall as lack of confidence continues

Property prices falls are increasing across all the key areas of Portugal as weakening demand continues to take its toll on the country’s distressed real estate market.

More people renting property for ski season in France, figures suggest

As the 2010/11 ski season enters its final throws, property owners in the Rhones/Alpes region of France should be pleased to hear of the 17% increase in holiday home booking enquiries received by the UK’s leading rental company, HomeAway, compared to last season.

Egypt cancels daylight saving time

The Egyptian Cabinet, headed by Prime Minister Essam Sharaf, has endorsed a decree law canceling daylight saving time.

Banks, investment firms expect further falls in UAE prices

Residential property prices in Dubai are set to fall another 10% before they stabilise, while prices in Abu Dhabi will drop another 20%, according to a new poll.

US commercial property update: a tale of two markets

With property values rebounding, greater availability of debt financing and a slew of significant recently completed merger-and-acquisition and individual property transactions, commercial real estate investors might be tempted to believe that a robust market recovery is underway. However, a closer look reveals a highly bifurcated market with enough potential future roadblocks to cause investors concern.

Agents: U.S. travelers not flocking for London wedding

In a nationwide survey 205 Travel Leaders agents, only 5% said they booked clients asking to be in London for Friday’s wedding.

Struggling to fill ships, cruise lines offer deals in Europe

Industry watchers say lower-than-expected demand for summer cruises in Europe is behind a rash of unusual last-minute discounts – and more deals could be on the way.

Italy and France ask EU to revise Schengen border treaty

Italy and France asked the European Union today to revise the Schengen border treaty that permits passport-free travel through Europe to take into account “exceptional” situations like the recent massive flood of Tunisian immigrants.

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