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Debt crisis expected to delay real estate recovery in Dubai until 2012

Residential real estate prices in Dubai are set to fall a further 10% in 2010 with the emirate’s debt problems likely to delay a property recovery until 2012, it is claimed.

Dealing with Irish banks’ huge debt

Dealing with debt is going to be one of the themes of 2010 - for developers, businesspeople, mortgage holders and, indeed, for the state. The most damaging legacy of the boom years is the massive indebtedness of many households and businesses.

Banks chip away at problem property debt

Claer Barrett Investors Chronicle 12.01.2010
6% of UK homes use credit cards for mortgage repayments

Many Brits are relying on credit cards in order to make regular rent and mortgage payments, it has been revealed. Last year over a million households used credit cards to keep up with mortgage and rent commitments, according to new figures released by homeless charity Shelter. Struggling to pay rent or monthly mortgage payments isn’t exclusive to the working classes either the new survey discovered, with 4% of the middle and upper classes admitting to having to put housing payments on plastic at least once.

Banks chip away at problem property debt

The new year has barely begun, but the property market has already been rocked by two large property companies collapsing into administration. As the banks finally start to get tough with impaired property loan books, only one thing is certain - more scalps will follow.

Developers under pressure to pay debts

RONALD QUINLAN Independent 11.01.2010

Property trusts weighed down by $20b in debt

Carolyn Cummins The Sydney Morning Day 11.08.2009
Developers under pressure to pay debts

THREE of the country's biggest developers are coming under increasing pressure to service the massive borrowings associated with their property interests, according to accounts filed with the Companies Office last week.

Property trusts weighed down by $20b in debt

Australian real estate investment trusts are being weighed down by more than $20 billion of debt that matures next year and, unless credit markets improve, repaying the cash will prove difficult for many.

Little relief predicted soon for mature real estate debt

Gabe Nelson Crains's Detroit Business 20.07.2009

Banks becoming more flexible on mortgage defaults

Vicky Kapur Emirates Business 247 08.07.2009
Little relief predicted soon for mature real estate debt

The mad scramble to raise cash and refinance mature commercial real estate debt will continue to be a struggle for investors during at least the next year, experts predict.

Banks becoming more flexible on mortgage defaults

Banks and other lending institutions are becoming more flexible in dealing with customers in financial trouble, as mortgage defaults in the UAE are expected to rise with an increasing number of people unable to service their outstanding debt.

Revamping the Revamp in Spain

PABLO DOMINGUEZ The Wall Street Journal 17.06.2009
Savills eyes Asia property debt advisory business

SINGAPORE (Reuters) - Savills Japan said on Wednesday it plans to broaden its business from real estate management and consulting to helping clients restructure their debt as part of a global push into providing financial advisory.

Revamping the Revamp in Spain

Property owners are restructuring debt with their creditors throughout Europe as the recession hammers the cash flows and values of commercial property.


 




 
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