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Residential properties see 24% fall in Q2 prices

Emirates Business 247 17.08.2009

Thai Obayashi expects revenue to fall 30%

SOMLUCK SRIMALEE The Nation 06.08.2009
Residential properties see 24% fall in Q2 prices

Average prices of residential properties in Dubai fell by 24 per cent in the second quarter of 2009, with the rate of decline now slowing, according to Jones Lang LaSalle Mena.

Thai Obayashi expects revenue to fall 30%

Construction firm Thai Obayashi estimates its revenue will drop by 30 per cent to Bt6 billion this year, as the number of new projects is lower than last year following the economic slump.

Sacramento County property values fall 6 percent

Sacramento Business Journal 09.07.2009
spanish housing prices fall 8 per cent in q2

The cost of buying property in Spain dropped by more than eight per cent in the second quarter of 2009 compared to the year before.

Sacramento County property values fall 6 percent

The total assessed value of Sacramento County’s property tax rolls is $131.6 billion — $9 billion less than in the last tax year, according to Assessor Ken Stieger.

UPDATE 1-US mortgage applications climb eases Fed pressure

NEW YORK, (Reuters) - Demand for U.S. mortgages bounced from seven-month lows last week as average 30-year borrowing costs were unchanged, helping ease pressure for aggressive Federal Reserve actions to push down long-term interest rates.

UAE property prices expected to fall further

Over 60% of people interviewed for a recent online poll believe that UAE property prices will fall by a further 20-30% this year.

Retail rents fall for first time in at least 10 years

Armina Ligaya The National 01.07.2009
Retail rents fall for first time in at least 10 years

Retail rents in Dubai and Abu Dhabi dropped for the first time in at least a decade in the first quarter, a report by an international property consultancy said yesterday.

UPDATE 2-Spanish house prices fall at record pace

MADRID, (Reuters) - Spanish house prices fell at their fastest pace on record in the first quarter, after new house prices dropped for the first time, and analysts saw double-digit declines ahead as unemployment spirals.

Demand for Taipei prime office spacec-Jones Lang

TAIPEI, (Reuters) - The availability rate of prime office space in Taipei this year is likely to fall less than earlier expectations as closer ties with former political rival China helps boost demand for the island's real estate.

UK House Prices to Stabilise by End of 2009

According to a major study into the UK housing market by Standard and Poor, UK house prices are likely to stabilise in the last quarter of this year, while they continue to fall sharply in Spain and Ireland throughout next year.


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