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Egyptian resort developer reports healthy profit
It may be a different story for this year's results, but development firm Egyptian Resorts posted a significant 18% revenue rise year on year in Q4 2010.
Thu, Mar 31, 2011
Us distressed home backlog could threaten market
The large number of distressed homes still to be listed on the market in the US could prove a further threat to the fragile housing market, says property research firm CoreLogic.
Thu, Mar 31, 2011
Bank of spain warns of further house price falls
House prices in Spain continue to trend downwards. Weak demand, massive oversupply of housing, record high unemployment, low consumer confidence, and a struggling economy are among the factors that prevent a full recovery from taking place.
Thu, Mar 31, 2011
Ryanair introduces cancellation levy
The budget airline will add a two euro levy to passenger fares next month to offset the costs of compensation paid out for flight cancellations.
Thu, Mar 31, 2011
Cash buys on the rise in us
With little credit available in the tight mortgage markets, US vacation and investment home buyers are increasingly turning to cash buys as a way around securing finance, says the National Association of Realtors.
Thu, Mar 31, 2011
Bargain rents drive businesses back to uae
Similarly to the rock-bottom price deals to be had in Florida, commercial tenants are flocking back to Dubai as rents continue to drop. As a result, long-term tenancies that create a 'win-win' for landlords and lessees are now becoming more popular.
Wed, Mar 30, 2011
Spanish airport staff call off easter strikes
After reaching an agreement with airport officials guaranteeing their jobs during a forthcoming government sell-off, Spanish workers have called off a planned 22 day strike over the Easter period.
Wed, Mar 30, 2011
Radisson to open fourth hotel in istanbul
The luxury hotel chain continues its expansion into the seemingly insatiable Istanbul tourist market, with its parent company Rezidor Hotel Group planning another development in the area of Sisli.
Wed, Mar 30, 2011
Australia could be next in sub-prime crisis, expert warns
Overinflated house prices and an increasing national reliance on debt could push Australia into a US-style mortgage crisis, a local economist has warned.
Wed, Mar 30, 2011
Irish property falling at highest rate in world
The nation led the world in house price declines last year, with a 10.8% fall in values, according to new data from international agents Knight Frank.
Wed, Mar 30, 2011