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Written by Administrator
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Thursday, 25 January 2007 |
The real estate sector of Russia has been gaining strength for five consecutive years estimated at 70 percent last year.
Large sums of dollar investments were pouring in from banks and oligarchs. According to Trust Bank in Moscow, $113 billion or 15% to GDP came from construction alone. This is why real estate became one of the three biggest contributors to Russia’s economic growth, Real estate prices have risen 253 percent in the primary sector and 288 percent in the secondary sector between 2000 and 2005. Over the same period, inflation registered at 189 percent. |
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Written by Administrator
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Thursday, 25 January 2007 |
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In years past, married couples were the biggest group of home buyers, or about 61 percent of all homes. Nowadays, single women comprise 22 percent of home sales whereas single men accounted for 9 percent of sales. |
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Written by Administrator
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Wednesday, 17 January 2007 |
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Pakistan and China have come to terms and agreed to finalize a five-year economic and trade cooperation to enhance Chinese investments in Pakistan. Real estate was among the key sectors being identified for the investors to improve Pakistan’s industrial production |
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Written by Administrator
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Monday, 15 January 2007 |
Growing political tensions in some countries did not stop the real estate sector in Latin America to gain strength.
According to Rogerio Basso, an analyst for Ernst & Young’s real estate advisory service, the region’s fundamentals were not affected by the slowdown in the U.S. real estate and remain to be sound.
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Written by Administrator
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Sunday, 14 January 2007 |
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Google has agreed to lease 210,000 square feet at Hills Plaza in San Francisco, under which term, the three lower floors at 345 Spear St.from Gap Inc. will be subleased for $35 per sq. ft. for three years expiring in 2010. |
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Written by Administrator
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Friday, 12 January 2007 |
High hopes for Miami Commercial Real Estate - In not so distant past, day by day, a huge part of Old Miami kept disappearing amid clouds of dust. Day by day, in its place, rising from the rubble, is the image of the New Miami – “a dense, steel-and-glass forest of condo towers.
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Written by Administrator
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Wednesday, 10 January 2007 |
Sealand, standing on an abandoned World War II anti-aircraft platform is up for sale.
Prince Michael, the son of retired army Maj. Paddy Roy Bates, confirmed on Monday that he is entertaining proposals from interested buyers of Sealand, considered the world’s smallest country. |
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Written by Administrator
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Wednesday, 10 January 2007 |
A 63-acre estate with a 10,000 square-foot mansion in Alpine, N.J. sold for $58 million, according to a news release.
This is the most expensive home sale for the year 2006 in the U.S.. The English-style residence includes cottages, pool and tennis courts. This was bought by Richard Kurtz, CEO for Advanced Photonix and sold by Henry Clay Frick II. |
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Written by Administrator
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Wednesday, 10 January 2007 |
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In a survey participated in by less than a thousand real estate agents, managing brokers and association executives, there were some interesting insights into what might be the trends in 2007. |
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Written by Administrator
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Wednesday, 10 January 2007 |
Condominiums were introduced into the real estate market in 2002. But its banner years were in 2004 and 2005 where it registered its largest sold units.
In 2006, pre-sold condos in 2004 and 2005 are nearly completed hence the increase in number of available high end units either for sale or rent. |
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Written by Administrator
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Wednesday, 10 January 2007 |
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There is a growing number of Koreans investing in real estate in the U.S. and in other parts of the world after Korean government lifted its overseas investment cap. According to Brian Shaffer of the International Real Estate Trade Organization, they are hoping that Koreans will invest about $2 billion in U.S. residential property in 2006 and $1.27 billion in 2005. Such investments were mostly limited to large Korean corporations prior to the imposition of the investment cap.
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Written by Administrator
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Monday, 18 December 2006 |
HOUSTON--Is real estate realy facing a grim future? Apparently so.
In an attempt to spice up her business, a Texas agent is offering a Glock pistol to clients from law enforcement if they buy a house from her. |
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Written by Administrator
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Sunday, 17 December 2006 |
New York- Applications for mortgage in the US increased last week, as the demand for home refinancing loans instigated the situation.
The interest rates went down to the lowest level in more than one year. |
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