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EverBank's new headquarters in Jacksonville, FL. The company has forged a deal to buy GE Capital's Business Property unit.

JACKSONVILLE, FL-EverBank Financial Corp., based here, is buying GE Capital Real Estate’s Business Property Lending unit in an all-cash $2.5-billion deal announced Monday. The unit lends on essential-use properties owned or leased by small and midsize businesses.

UAE cheque fraud laws benefit property market recovery: Nakheel chairman

The chairman of property developer Nakheel, Ali Rashid Lootah, accredits the initial financial recovery of Dubai’s property market to a strict enforcement of a policy that criminalizes debt. (Al Arabiya)

Regent Property Group Reports National Real Estate Sales Increasing, as Austin Market Sets the Pace

While Austin, Texas real estate has remained relatively strong, including the market for Austin luxury homes, the national real estate market also is beginning to show signs of improvement.

Hong Kong's incoming leader in illegal property structure scandal

HONG KONG: Another scandal over unauthorised extensions to has hit again, and this time Hong Kong's incoming leader Leung Chun-ying is at the centre of the controversy.

Bank lending available for property in Portugal

A leading overseas mortgage specialist has seen an increase in enquiries for property in Portugal over recent months, with buyers looking to snap up a bargain in the country. Conti, an overseas mortgage expert, now says that Portugal is the third most popular destination with overseas property buyers looking for a foreign home loan.

Eyal Globus, head of the Justice Ministry’s legal aid department. Photo by Emil Salman

The year 1929 saw a multitude of economic catastrophes. The financial crisis started in the United States with the collapse of the stock market, leading to a prolonged and unprecedented depression. Thousands of miles away, in Mandatory Palestine, a tax collection ordinance was enacted, regulating measures for the collection of taxes and unpaid debts.

Money back: Halifax will return the cost of a homebuyers' valuation if the property purchase falls through and it is not their fault

Mortgage giant Halifax has become the first lender to offer to refund homebuyers' valuation fees if their purchase falls through.

Among expenses for Citizens interim president Thomas Grady were two nights at the Ritz-Carlton on Amelia Island for $259 a night. State Sen. Mike Fasano, who is a frequent critic of Citizens, called such expenses “uncon­scionable.’’

When Thomas Grady left another state job in March to become interim president of Citizens Property Insurance, he sent his staff a goodbye letter that urged:

New Bangkok city plan receives criticism

Property Report 25.06.2012
Developers criticise the new city plan where developments taller than 23 metres must be located on roads wider than 16 metres.

Despite being “hampered by regulations”, experts believe the property market in Thailand will see good price growth in 2012.

Old Home Creamery’s former headquarters at 370 University Av. in St. Paul: Groups are working to develop the 1912 building as mixed-use housing.

The nonprofit's highest-profile project is the former Old Home headquarters on the route of St. Paul's light-rail line.

Up and down the property ladder

Irish Times 22.06.2012
The national flag of Italy flies from the balcony of a residential property in Rome, on June 16, 2012.

Luciano Di Pardo, a lawyer in Milan, is dodging Italian Prime Minister Mario Monti’s new real estate tax.

Up and down the property ladder

A generation of people now have very different views from their parents about property. In recent years they have chosen – or been forced – to rent for longer. It is usually a more expensive choice

Reinstated Property Tax Won’t Put Italians Off Homeownership

Italians are lining up to pay their property tax today as the deadline looms; the period for paying one of the levies reinstated by Prime Minister Mario Monti in December is coming to an end. The state hopes to raise about 21 billion euros – 9 billion euros will be for the central government and 12 billion will pour into local council coffers, Repubblica reports. That’s if everyone pays up.

Concord Pacific's Cooper's Point towers have been painted sulphur yellow, ochre and terracotta. (John Lehmann/The Globe and Mail)

Part of that puzzle involves property-tax assessments, which in some cases have been reduced even as talk of an urban makeover is under way.

Real Estate News: Regulators Delay Mortgage Rules

The Wall Street Journal 08.06.2012
Citizens Insurance discusses raising rates for Manatee policy holders Published: June 18, 2012

BRADENTON -- Some call it a ticking time bomb; others a product of necessity. No matter what Floridians think of Citizens Property Insurance Corp., they can't manage to stay away.

Real Estate News: Regulators Delay Mortgage Rules

Regulators Delay Mortgage Rules: Federal regulators delayed new rules to establish standards for the mortgage-lending industry, a move that could further hold back the thin market in mortgage-backed securities not supported by the federal government.

Property prices set to rise with new development control rules

The new Development Control Rules (DCR) has led to increase in property prices. And this is just a start; many large developers are set to increase prices by almost 10 -15%.

Banks step up loan recovery by auctioning mortgaged property

HYDERABAD, JUNE 4: Think twice before defaulting on your home/property loan. You might simply lose your asset.

 
French mortgage rates close to historic lows

French mortgage rates are approaching historic lows at a time when currency exchange makes its more affordable for overseas buyers, according to loan experts.

 
 

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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.