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Portugal’s gdp to shrink 2% this year, next on added cuts
Portugal’s economy will shrink twice as much as forecast this year as the government implements additional austerity measures to qualify for an international aid package of as much as 78 billion euros ($116 billion).
Fri, May 06, 2011
Budget hotel revolution predicted for middle east
A leading property consultancy has said that the Middle East could undergo a budget hotel revolution, as the Arabian Travel Market (May 2-5) gets underway in Abu Dhabi.
Fri, May 06, 2011
European hotels benefit from north african unrest: study
European hotels enjoyed a strong first quarter with a 5.9 percent increase in revenue per room due to unrest in north Africa and an increase in business travel, the MKG consultancy said Wednesday.
Fri, May 06, 2011
American apparel owners purchase fashion chain all saints
The owner of clothing retailers La Senza and American Apparel has bought fellow fashion chain All Saints in a deal set to secure hundreds of jobs.
Fri, May 06, 2011
Brisbane is cheapest place to buy australian property
Property hunters looking for real estate down under may be interested to learn that Brisbane is the cheapest place in the country to purchase a home, it has been revealed.
Fri, May 06, 2011
Cyprus moves to increase transparency for home buyers
The Cypriot government has passed a new bill ensuring property buyers on the island will receive title deeds to their properties, regardless of whether the seller owes money on the home.
Thu, May 05, 2011
Morizon partnership brings polish property to the UK
Real estate search engine morizon.pl has teamed up with TheMoveChannel.com and Rightmove to offer its Polish property listings to a network of English-language overseas property portals.
Thu, May 05, 2011
UK's french property exhibition kicks off this weekend
France’s recent renaissance as a magnet for property investors is expected to draw in larger than ever crowds at this weekend’s French Property Exhibition in Harrogate.
Thu, May 05, 2011
Housing market to remain sluggish
House prices in Ireland are unlikely to fall further but it will take a number of years before the market picks up again, a new report from ratings agency Standard and Poor's has concluded.
Thu, May 05, 2011
Home remodeling a forward indicator of housing bottom?
Builders who specialize in home remodeling are seeing a better market than they have in years according to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) released on Friday. The index rose to 46.5 in the first quarter of the year from 41.5 in the fourth quarter of 2010.
Thu, May 05, 2011