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Glomac development, Reflection, Mutiara Damansara.

Rather than directly impacting Malaysia’s property market, Bank Negara’s (BNM) crunch on lending is only delaying the borrowing process, says developer.

End of stamp duty holiday led to higher value property purchases in Scotland

First time buyers in Scotland bought higher priced property than usual in the first quarter of 2012, taking advantage of the stamp duty concession, according to new figures from the Council of Mortgage Lenders in Scotland.

Spain Avoids Bank Bailout; Nationalizes Bankia Saddled with $42 Billion in Bad Real Estate Loans

A housing boom that went bust in 2008 has forced Spain to overhaul its entire banking system - a system that showed Bankia, the nation's largest real estate lending consortium, to be saddled with $42 billion ($32 billion Euros) in bad property loans.

What Happened to the Promise of Reduced Property Taxes?

This was supposed to be Iowa's year in the Legislature yet we now have property tax rates akin to those in New York City. What gives? Senator Jerry Behn breaks it down.

Review homeowners insurance coverage regularly

ROBERT DiGIACOMO Bankrate 20.05.2012
Photo credit: Photos.com | At least once a year, it's a good idea to review the insurance coverage on your biggest asset: your home.

At least once a year, it's a good idea to review the insurance coverage on your biggest asset: your home.

No magic bullet for banks' property crisis

It is going to take more than a decade to unwind the excess property assets financed by the banks during the noughties THE BANKS in Ireland, including IBRC and Nama, have more than €30 billion of Irish loans relating to property which they need to unwind over the next five to seven years in order to meet the Basel capital adequacy requirements and also repay the temporary ECB loan support. This unwinding process has started by the sale of overseas assets and loan books but is mainly outstanding in Ireland.

PROPERTY TAX: 170m rupees of the Rs310 million target for the year have been recovered by the department. Last year, Rs150 million had been recovered.

GUJRANWALA: As many as 55 property tax defaulters paid up to Rs200,000 in the first two days of a recovery drive, for taxes unpaid for more than 10 years, on Monday and Tuesday.

Citizens Property Insurance plan could send rates soaring for new customers

Citizens Property Insurance is reviewing a plan to remove the 10-percent cap on rate increases for new customers, leading to average price hikes of 30 percent.

New York State's new property tax cap impacts school budgets

Suburban voters head to the polls Tuesday to decide on school budgets. For the first time, the state’s new property tax cap came into play. The two percent tax cap pushed by Governor Cuomo and passed by the legislature has forced some districts to make serious budget cuts. That includes teacher and staff layoffs.

Government rolls back TDS on property sales

New Delhi: The government Monday rolled back the proposed one percent tax deduction at source (TDS) on transfer of immovable property.

NAB to quit UK property lending market

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/ff69815c-924d-11e1-abdf-00144feab49a.html#ixzz1toaW87HX National Australia Bank has announced plans to clean up its UK business, retrenching to its northern heartlands and cutting 1,400 jobs, as it attempts to boost returns at its lossmaking Clydesdale and Yorkshire banks.

Although there remains a great debate over the issue of a bubble ready to burst in the Australian property market, the evidence appears to support a slowing.

Although there remains a great debate over the issue of a bubble ready to burst in the Australian property market, the evidence appears to support a slowing. Housing starts here in Australia fell almost 13% in 2011 and are forecasted to fall another 5.9% in 2012, according to the Housing Industry Association (HIA).

Citigroup buys Mumbai property for Rs 985 crore

Mumbai: Global banking major Citigroup has struck the biggest property deal in recent years in the country by paying a hefty Rs 985 crore for six floors in the upcoming First International Financial Centre (FIFC) Tower at the coveted Bandra-Kurla Complex to house its headquarters.

Lloyds begins sale of Irish property loans

Lloyds has launched the sale of its €360m portfolio of Irish property loans as the government-controlled lender pushes to shed the legacy of its ill-timed takeover of HBOS.

Assembly Majority Leader Lou Greenwald, pictured in this file photo, has invited Gov. Chris Christie to a television debate on their tax proposals.

In the Wild West, when you challenged somebody to a duel, you'd be called a coward if you didn't show up.

Cyprus banks taking ‘dramatic measures’ to shift property

The three largest Cypriot banks are taking ‘dramatic measures’ in order to raise enough capital to cover the losses they have suffered as a result of the Greek debt crisis.

Cyprus banks should offload distressed property

Cyprus Property News 19.04.2012
CYPRUS’ three largest banks, Bank of Cyprus, Popular Bank and Hellenic Bank are involved in ambitious capital raising exercises to cover massive losses sustained on their Greek sovereign debt exposure and distressed property holdings in Greece and Cyprus.

The attempt to reach the capital targets may however not be successful if the banks don’t rush to offload distressed and non-core assets.

URA announces changes to Housing Developers Rules

SINGAPORE: The Urban Redevelopment Authority (URA) has announced changes to the Housing Developers Rules (HDR) that will take effect from 18 May 2012.

A bank stormed by demonstrators following clashes between police and protesters after a general strike in Barcelona, Spain, on March 30, 2012.

Spain’s surging bad loans are spurring doubt on whether the government can persuade investors that it can clean up the country’s banks without further damaging public finances.


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