With the majority of its gross domestic product comprised of financial services and tourism, the British Virgin Islands has just begun to recover from the effects of the global recession. Tourism is up and there has been continued development of luxury resorts and properties as well, leading analysts…
Tight lending remains an impediment to UK home ownership, and is reflected in rising rental demand and a subdued mortgage market. Buyer pessimism in the face of economic uncertainties, along with an overall shaky housing market, raises the risk of a double dip in UK real estate. See the following article…
Efforts to rein in exploding real estate growth have resulted in mixed success in China and Hong Kong. A slowdown in escalating property prices has raised some economic concerns in China, but in Hong Kong land is bringing unprecedented bids, despite a government push for affordable housing. See the…
Property Owners Use Strategic Default as Bargaining Tool
Halted High-Rise Threatens Future Houston Projects, Developer Claims
Even with reduced home prices, and mortgage rates at historic lows, the housing market remains a major drag on the economy. The Obama administration is ready to step forward, though, with new initiatives aimed at boosting the struggling market. See the following article from Money Morning for more on…
Reports indicating a price recovery in the housing market continue to paint a mixed picture. The murky numbers on stagnant home prices, combined with July’s nightmarish home sales report, casts a dark cloud over the prospects for any near term economic recovery. See the following article from…
Unprecedented low mortgage rates and increasing affordability make this a buyer’s market, however, pessimistic US consumers are not shopping, and the worst is probably not behind us yet. Although delinquency and foreclosure rates eased in the 2nd quarter, delayed bank seizures will only prolong the…
Cuban President Raul Castro’s recently decided to extend the allowance on foreign property leases to 99 years. The move should help the cash-strapped government as it loosens its economic stranglehold. Chilly relations have kept US investors at bay, but Canadian and British developers anxious to satisfy…
