PropertyO News
Latest Property News
Watch - eurozone bailouts
The European Commission publishes on Monday a quarterly report by the task force advising Greece on the reforms it must undertake to continue receiving disbursements under its international bailout package. Also on Monday, Portuguese Prime Minister Pedro Passos Coelho is due to meet his Irish counterpart, Enda Kenny, in Lisbon to discuss the economic situation in both countries...
Mon, Apr 29, 2013
Watch - haiti quake victims forced out of tents
Hundreds of thousands made homeless by the earthquake which struck Haiti three years ago are now facing eviction from their emergency shelters. According to a damning report by Amnesty International, 65,000 people have been illegally removed from camps since 2010. It appears landlords are getting impatient with tents pitched on their property. One of the report's authors Chiara Liquoria, a Caribbean researcher at Amnesty International, spoke of the level of intimidation camp dwellers faced. "These people have been victimized for months with the threat of being evicted. Sometimes they are being attacked by uniformed officers and sometimes plain clothes people in the middle of the night who arrive with knives and matches and destroy the tents." Three years on from the disaster, 320,000 people remain in camps. The report claims that the government has condoned evictions. Justice Minister Jean Sanon said the government was against forced evictions. He also reminded the police not to get involved in forced expulsions. "The police are supposed to be there to protest and to serve," he added.
Thu, Apr 25, 2013
Watch - spain's unemployment rate jumps to 27 percent
More than six million Spaniards were out of work in the first quarter of this year, raising the jobless rate in the eurozone's fourth biggest economy to 27.2 percent from 26.02 percent in the previous quarter, the highest since records began in the 1970s. The number of unemployed climbed by 237,400 people to 6.2 million, the National Statistics Institute said on Thursday. Spain, once the motor of job creation in the 17-nation single currency area, is in a double dip recession, having yet to recover from the collapse of a property boom in 2008. Al Jazeera's Rory Challands reports from Madrid.
Thu, Apr 25, 2013
10 ways brazil has changed since becoming a bric nation
Ten years ago, Jim O'Neill of Goldman Sachs classified Brazil as one of the BRIC nations, describing the world's leading emerging economics. The grouping included Russia, India and China, with South Africa joining in 2010 to broaden the classification to BRICS. Much has changed in the decade since for Brazil's 199,321,413 inhabitants.
Thu, Apr 25, 2013
More people to build with recycled materials this spring, says survey
More people will be building with recycled materials this spring, according to an interesting new survey from Hometalk.com.
Thu, Apr 25, 2013
Vast majority of americas say “no” to cell phone use in-flight
Later this week, the Transportation Security Administration (TSA) will allow certain items on onboard airplanes as part of carry-on baggage such as: pocket knives with blades less than 2.36 inches, toy bats, two golf clubs, and ski poles.
Wed, Apr 24, 2013
Celebrity homes: kevin james’ californian house up for sale
“Come, escape to paradise.” That’s the listing for Kevin James’ Californian home, which just went up for sale.
Wed, Apr 24, 2013
78pc of second home buyers say now is a good time to buy in florida
78% of second home buyers feel that now is a good time to buy property in Florida, according to research from The National Association of Realtors - findings that concur with Colordarcy’s own experience.
Wed, Apr 24, 2013
Bahrain property market has a positive outlook, says cluttons
The Bahrain property market has a positive outlook, according to Cluttons’ latest report, which shows a spike in foreign investment from the GCC, which perceives the market to have bottomed out.
Wed, Apr 24, 2013
Watch - forced evictions in spain
The Spanish Association of Registrars considers that during 2012 over 30 thousand houses were seized by the banks and another 11 thousand houses were used as a pay in kind for unpaid mortgages. After blocking out the guaranty of a pay in kind for all the evicted, the government has decided to put on their best face and grant 1000 flats in Madrid for those who most need it. This is the first one. Other citizens, living just a mile away from this house, are protesting against the Public Housing Company of Madrid. They rented over 5 years ago when prices were at their highest, and now with the crisis, are paying 3 times more than other people in the same conditions. The government of Andalusia, who have decided to seize empty flats in hands of the banks in order to put them on a social housing stock, have presented a different approach in the solution of this problem.
Wed, Apr 24, 2013