Paying your dues Oct 11, 2009
With current market conditions and increase in demand for rental property, many investors are buying property to let out. If a property is purchased as a buy-to-rent investment, the tax levied for the letting of residential property falls under the normal ambits of income tax. (iAfrica.com)
Qatar fund boosts stake in London property company Oct 11, 2009
The Fresno City Council voted Tuesday to make Forest City's South Stadium project a funding priority and authorized the city's Redevelopment Agency to begin buying property within the project area. The council also directed city staff to work with Forest City to close a multimillion-dollar funding gap in the $237 million project by scouring state programs for grants and loans. (Fresno Bee -- Business)
China's roaring economy: Bull in a china shop Oct 9, 2009
Speculators buying property as an investment have to put down 40. Rising home prices are not an accidental consequence of government easing but one of its goals. (The Economist)
Ireland's Cowen Wins First of `Big Three' With Lisbon Treaty `Yes' Vote Oct 5, 2009
Cowen and Finance Minister are proposing to spend 54 billion euros ($79 billion) buying property loans through the new asset agency. Protests, Blockades. (Bloomberg -- UK)
Michigan welcomes influx of Italians Oct 5, 2009
Three months after Fiat took a controlling stake in Chrysler, the Italian carmaker's CEO has a condo in Birmingham, and three other top executives are leasing or buying property in the area, said Gualberto Ranieri, senior vice president of communications for Chrysler Group LLC.. Some are sending for their families, but it is still just a handful of the top executives who have arrived so far. (Honolulu Advertiser)
Correction in global realty markets drawing Indian buyers Sep 30, 2009
Explains Ashok Kumar, principal ing director of CresaPartners, an international corporate real estate firm, There are two reasons for the spurt in Indians buying property abroad. Firstly the global markets witnessed a far greater downturn that any Indian market. (India Times)
> Expertise in public, private sectors keeps BKF Engineers strong Sep 23, 2009
This can include buying property from individual owners or getting clearances from cities or counties. Q: What trends are you seeing in engineering. (San Jose Business Journal, CA)
Irish government bails out banks Sep 17, 2009
HOW NAMA WILL WORK The agency will take on responsibility for 77bn euros of property and development loans from Irish banks The plan involves the government buying property loans at a discount, then managing them in such a way that the Irish taxpayer will at least break even on the deal over about 10 years In return the banks are expected to start lending again with the money the government has paid them for the loans It will take on both 'good, or performing loans' and 'bad, or non-performing... (BBC News -- Business)
Wealthy Indians look to buy property on foreign shores Sep 13, 2009
Also, a lot of HNIs (high networth individuals) who send their children for education are also looking at buying property outside. Moreover, RBI has relaxed foreign expenditure to $200,000 (Rs 1 cr) per year. (India Times)
Housing prices up for big test Sep 12, 2009
The question is not whether lots of people are gullible enough to be rushing out and buying property this month or next month,'' he said. It's really what they are going to be repaying over the next 30 years. (Sydney Morning Herald -- Australia)
Golf resort owner buying up acreage (322) Sep 7, 2009
The Chicago businessman and the owner of the Bandon Dunes Golf Resort has been buying property south of Bandon under the name Bandon Biota LLC. Coos County Assessor's Office records list Bandon Biota as owner of 15 properties south of Bandon totaling more than 500 acres. Known as a genuine man who does not flash his wealth, Keiser greets employees and visitors alike at Bandon Dunes with a friendly smile and a firm handshake when he is in town. (Coos Bay-North Bend The World, OR)
Tabung Haji sees good opportunities to own properties in Europe Sep 4, 2009
Web search enhanced by. Friday September 4, 2009. (The Star Online, Malaysia -- Business)
Planned Oak Park project faces foreclosure Sep 3, 2009
Beginning in 2004, he started buying property near South and Oak Park and now owns four parcels, with addresses of 715-717 South Boulevard, 719-723 South Boulevard, 100 S. Oak Park Ave. and 126-134 S. Oak Park Ave.. The developer has tapped CB Richard Ellis Inc. to find retail tenants for 100 and 126-134 S. Oak Park Ave. and a buyer for the fully leased 719-23 South Boulevard building, which has an asking price of about $1. (Crain's Chicago Business)
Stupidity Tax May Keep Dunces Out of Trouble: Celestine Bohlen Sep 1, 2009
Sept. 1 (Bloomberg) -- Governments charge taxes for all sorts of things such as earning money, buying property, flying in airplanes and getting gas. Now the French have come up with a new idea: a tax on being stupid. (Bloomberg -- Columnists)
'Cool mayor' Sep 1, 2009
"Anyone who's buying property here on a speculative basis, is going to lose their shirt," he said. The mayor's style of running the town has led him to appear recently on The Colbert Report - one of cable television's hippest satire shows - and earned him a growing profile in Washington. (BBC News -- Americas)
Developers witness revival of big ticket residential deals Aug 30, 2009
The elite who were earlier waiting for the right investment opportunity have now started buying property. There has been an increase in demand for luxury housing, says a BPTP spokesperson. (India Times)
Investment property first? Aug 26, 2009
There are many strategies to buying property and while many of us expect that our first property purchase will be our first home, there might be good reasons to make an investment property your first major purchase. Michael Furlong is one person who chose this strategy. (Sydney Morning Herald -- Business)
Against online poker Aug 23, 2009
By doing such, investors would be buying property, employing construction workers, hiring neighbors, paying taxes on the property and generating huge rewards for the local economy. Online would employ a small handful, and not generate nearly as much revenue for our economy. (Fresno Bee -- Opinion)
Credit card companies fail, businesses scramble (41) Aug 11, 2009
You hear horror stories, especially if they re buying property. They ve got 50 percent of the capital available to contribute, and they still can t get the loan, she said. (Corvallis Gazette Times, OR)
Wareham buys Stanford complex for $63M Aug 11, 2009
Rich Robbins, president of the San Rafael-based company, has been interested in buying property on the peninsula for some time. Katherine Conrad can be reached at 408. (San Jose Business Journal, CA)
Financial feminism Aug 10, 2009
Property investment has proven to be one of the most effective retirement planning strategies, yet, according to a survey by Redcon Property Development, less than 25 percent of those currently showing interest in buying property off-plan are women. Between January 2006 and end July 2009, Treoc. (iAfrica.com)
New England Wood Pellet buying property Aug 8, 2009
Concord Monitor Online - AP Headlines. The news you need now. (Concord Monitor)
> Viva falling home prices! Aug 5, 2009
If your answer is 'no', or you're uncertain, then buying property is not for you, no matter what the state of the market. Has Kabous lost the plot, or do you agree. (iAfrica.com)
* Young adults expected to boost savings Aug 4, 2009
Taiwanese respondents also said they were saving for retirement, investments and buying property, while 23 percent planned to save between 1 percent and 10 percent of their incomes over the next six months. In other markets, 95 percent of Thai respondents X the biggest proportion among markets in the region X expressed concern about the economic uncertainty, compared with 48 percent in China X the smallest proportion in the region. (Taipei Times, Taiwan -- Sports)
Lieberman Denies Wrongdoing as Israeli Police Recommend Bribery Charges Aug 3, 2009
said at a July 19 Cabinet meeting in response to the U.S. criticism that Israel wouldnt tolerate any restrictions on Jews buying property or living in Jerusalem. Israel captured east Jerusalem from Jordan in the 1967 Middle East War and later annexed it as part of the countrys capital, in a move never internationally recognized. (Bloomberg -- Europe)
Virtual reality: A new world awaits Jul 30, 2009
Buying property and taking a holiday in the real world also presents great virtual opportunities. Before buying a home, renting an apartment or booking a hotel, you can walk through a digital version of the property, making sure that it meets your every desire. (Xinhuanet, China)
Judge: Hog farmers entitled to land variance Jul 29, 2009
County Planning Director Brian Bender said Monday that it s not the burden of the planning department to identify such problems that rests on attorneys or Realtors for someone who s buying property. Board of Adjustment chairman Tom Oksness said the board respects the judge s ruling but won t change its approach. (Winona Daily News, MN)
Finding a top agent Jul 29, 2009
Look for an agent that has access to related experts, especially if you are buying property in a strange town. An agent who can refer you to a reliable plumber in the middle of the night can be worth his weight in gold. (iAfrica.com)
FEMA grant targets houses on Galveston beach after Ike Jul 26, 2009
Before the city council finally voted to approve the grant applications, several council members said they didn t think the government should bail out people who knew the risk of buying property on the beach. No one behind the seawall was eligible for a buyout, and beach-front homeowners shouldn t get to walk away without suffering any consequences, they said. (KHOU.com, TX)
Bucking trends in Lodi (1) Jul 26, 2009
Another hobby Mendonca has is buying property. She pays property tax to seven counties in California and two more in Texas. (Lodi News Sentinel, CA)
Rentals tightest in cheap suburbs Jul 23, 2009
This bucks the trend across Sydney, which has the nation's highest vacancy rate of 4 per cent, fuelled by young people exploiting record low interest rates and buying property. The managing director of SQM, Louis Christopher, said the low vacancy rates would push up rents further in the more affordable suburbs. (Sydney Morning Herald -- Australia)
The Australian Dream: now or never? Jul 22, 2009
Here s a quick list of pros and cons for buying property right now ... Maybe you have something to add to the pros and cons list of buying property right now. (Sydney Morning Herald -- Business)
A dying trade Jul 18, 2009
The rest ventured into other businesses, namely buying property and renting out the premises. Many of the next generation became professionals like accountants, architects and doctors. (The Star Online, Malaysia)
Help is never too far away Jul 18, 2009
Buying property is a one-time investment and people should go for reputable developers, even if the property costs a little bit more. It is a lot better than to go for cheaper properties by fly-by-night developers, he said, adding that he was fully supportive of the build-then-sell concept. (The Star Online, Malaysia -- Business)
NCSD budget hearing is Wednesday Jul 13, 2009
5 million for buying property for a new east side elementary school and a new high school. On Wednesday, the board's work session will begin at 6 p.m. and the regular session will begin at 7:30 p.m. The budget will be considered for adoption during the board's regular meeting. (Casper Star-Tribune, WY)
E-mails detail Sanford's Argentina trip Jul 11, 2009
It wasn't clear if he was seriously interested in buying property in Argentina. Click for related content. (MSNBC -- Politics)
State e-mails detail SC gov's Argentina plans Jul 10, 2009
It wasn't clear if he was seriously interested in buying property in Argentina. As Sanford reviewed arrangements, he tried to keep his evening hours free. (Anchorage Daily News)
Salary cap auditor looks at land deals Jul 9, 2009
But it appears the discussion centred on two players, Morris and Luke Burt, buying property off the plan at Raceview, near Ipswich. No other property deals, particularly a contentious development at Fairfield involving the players Fuifui Moimoi and Dean Widders, were discussed. (Sydney Morning Herald -- Sport)
Nisei memorabilia will help preserve "an extraordinary chapter" Jul 7, 2009
"The opportunities of being a part of the government, being part of business ... buying property -- all these things are their legacy," he said ... "The opportunities of being a part of the government, being part of business ... buying property -- all these things are their legacy," he said. (Honolulu Star-Bulletin)
Perenco Will Protect Its Rights in Ecuadorian Oil Seized in Defiance of International Arbitration Tribunal Orders Jul 3, 2009
According to Rodrigo Marquez, Latin American Regional Manager for the Perenco Group, "Anyone who purchases the seized crude oil under the circumstances is buying property that Ecuador and Petroecuador are not entitled to sell. The arbitration tribunals' orders establish that Perenco and Burlington continue to have the right to sell that oil, and that the disputed portion of the sale price should be placed into escrow. Consequently, anyone who buys at the Government auction may be liable for... (PR Newswire)
For all Malaysians: new PM abandons ethnic capitalism Jul 1, 2009
Foreigners will also no longer be required to obtain the body's approval before buying property, either residential or commercial. Associated Press. (Sydney Morning Herald -- World)
Malaysia Eases Foreign Investment Rules Jun 30, 2009
Foreigners will also not be required to get the FIC's approval before buying property in Malaysia, either residential or commercial. "We can only achieve high income by creating more opportunities for growth rather than protecting our narrow turf," Najib said. (CBS News)
Economists: Chinese housing prices too high Jun 28, 2009
He also said that despite the real demand, some are buying property for investments, causing housing prices to surge ... He added that much of the recent strong demand has stemmed from investors buying property as a hedge against rising inflation. (Xinhuanet, China)
Master plan in need of support Jun 26, 2009
Mayor Deke Copenhaver said the club has long considered itself isolated, not really part of the larger city, but he believes that has been changing since the National started buying property outside its borders during the past decade. A representative said the club would consider the offer, if approached. (The Augusta Chronicle)
State stops eyeing land for hospital until deal is made Jun 24, 2009
Tuesday the state released a statement, saying that it will delay buying property for the new medical center because "there's no agreement on the proposed governing structure.". Monday, LSU's Board of Supervisors rejected an agreement favored by the Jindal administration, and one approved by Tulane University, to run the hospital by a non-profit corporation controlled by an independent, 12-member board of directors, but LSU said it would have too few appointees. (WWLTV.com, LA)
Housing dreams Jun 16, 2009
He adds that aspiring homeowners in the lower-priced segment of the market were not buying property because they were saving money. Today that means they have a good cash flow and, after a 25% to 30% drop in prices, are willing to start spending. (BBC News -- Business)
Its Finished, John Lanchester, The London Review of Books Jun 16, 2009
With a depressed housing market, the problem with your house could easily be not so much its value, as the fact that you cant sell it, because nobody is buying property at the moment. Or rather you can sell it, but you have to do so for an artificially depressed, crazy-cheap price: a fire sale price. (Harper's Magazine)
'Godman' Jadeja on tape with bar girls Jun 4, 2009
"We believe he had invested a lot of money into buying property. All his ill-gotten wealth was largely invested into purchasing gold and property. From Dena Bank, Sarkhej branch, we have recovered Rs 1 crore worth of diamond-studded gold, silver ornaments. We are looking for more of Jadejas bank accounts and property documents to know where the money has been invested," said CID (Crime) officials. Text. (India Times, India)
Richest man Gates buys Irma lodge Jun 3, 2009
Oldtimer wrote on Jun 2, 2009 1:35 PM:" I don't think Mr. Gates or his colleagues are going to be joining the social register of Cody. Doubtful he will even be seen except the green stuff he will be using to support the lodge and ranch. He is buying property there to get away from the rich snobs as well as everyone else! No fear, Cody is safe. ". Born and raised wrote on Jun 2, 2009 1:32 PM:" In the last week I have met two wealthy women who live in huge, beautiful homes in this area and they... (Cody Enterprise, WY)
Expert: Greene County has unlimited potential for maple sugar production May 29, 2009
The Quantum funds, Alquire said, are not suitable for construction based projects but are useful for buying property, machinery, inventory and equipment. Some of the businesses funded recently include Greene in Greene, a wind turbine business, Anderson International Enterprises, a radiant heating company, the Arthur J. Young and Co. Agway in Prattsville and the Windham Country Club renovation. (Catskill Daily Mail, NY)
It's a good time to buy property overseas May 28, 2009
"As a result, we are now seeing several Indian HNIs and NRIs buying property in Ireland, especially holiday homes in western parts of the country," he said ... "Even three years back, some of these markets had strict regulations for foreigners buying property. However, the liberalised policies in the backdrop of the global real estate slump is now a big trigger," REBI head (East) Hemant Sikaria said. (India Times)
Tenants take over the reins May 23, 2009
"I imagine businesses in general won't be making decisions about buying property and sitting on the equity they have. But we are expecting that the market will bottom out around the second half of the year and will then start to pick up across the board.". 1. (Sydney Morning Herald -- Business)
CCISD trustees approve summer programs, building repairs May 21, 2009
The board also approved buying property and windstorm insurance on buildings valued at $122 million for a premium of $869,766. Board members approved 37 student transfers to CCISD for 2009-10 from the districts of Austwell/Tivoli, Bloomington, Industrial, Palacios and Victoria. (Port Lavaca Wave, TX)
House buying basics May 15, 2009
Article By: Judy Bryant Mon, 09 Oct 2006 14:50 With the interest rate at its lowest for 22 years, many people are thinking about buying property for the first time. However, the complex legal terms, hidden costs and convoluted process can be confusing, so we've put together some practical pointers to guide you through the maze. (iAfrica.com)
Manure dispute threatens Milton horse farms Apr 30, 2009
I'm tired of people buying property because they like the open spaces and scenic pastures around them and then complain about smells. It's like buying a house with a quarry next to you and then complaining about blasting. (Atlanta Journal-Constitution -- Living)
Director Says City at 'Consistent Level' Apr 29, 2009
"They are not looking at buying property and developing within next month but in the long term of like in two to three years and hopefully by that time the economy will be in a better state.". He added that he continues to meet with potential industries to show them what Union has to offer. (Missourian Publishing, MO)
Osteens: People Using Faith In Tough Times Apr 28, 2009
Buying property with no money down then losing it is another issue. That is not the fault of the president its the fault of the banks and mortgage lending companies. (CBS News -- Early Show)
Until The Wall Comes Down -On Tribalism and Ethnocentrism Apr 20, 2009
Some people have had to shelve plans they had of buying property or establishing a business or businesses in Accra because of this issue. Some I assume have been made to think twice about calling Accra home. (Ghana Web, Ghana)
This week on iafrica.com Apr 18, 2009
If you're a non-South African interested in buying property here you'll be happy to learn from that doing so is an uncomplicated process. Motoring editor Nils van der Linden. (iAfrica.com)
* Interest in acquiring real estate revives, survey shows Apr 17, 2009
A series of interest rate and inheritance tax cuts has led an increasing number of people to express interest in buying property, with many no longer expecting a sharp decline in housing prices, a survey showed yesterday. The survey, conducted by Evertrust Rehouse Group (y), found that 60 percent of respondents said the next six months would be an opportune time to acquire real estate, up from 54 percent at the end of last year. (Taipei Times, Taiwan -- Sports)
Administrators combat challenges of landlocked expansion Apr 16, 2009
According to Brown, buying property and building has always been controversial, but without it, a university cannot grow. "You don't want to sit in the dormitory all day," Brown said. (The University Echo, TN)
Most reappraisal info available to homeowners Apr 14, 2009
Bucks said local Revenue Department staff members also can help people now who may be interested in buying property in another area and wonder how the values there may have changed under reappraisal. He suggested they first consult the basic county-by-county reappraisal average percentage increases on the Web site under Basic Changes in Property Values due to Reappraisal. (Helena Independent Record)
Huskies' pup Mar 30, 2009
Calhoun joked after the 82-75 victory against Missouri about buying property in Arizona. That's because his teams advanced from regionals in Phoenix during UConn's runs to national titles in 1999 and 2004. (USA Today -- Sports)
Real estate, stock mkt similar Mar 16, 2009
Buying property for investment purpose is not really on peoples mind in the current economic environment. With job security at stake, it is not advisable to commit any amount, however low the property prices or borrowing costs. (India Times)
The great school scam Mar 15, 2009
PARENTS are sharing houses, providing false addresses, renting and buying property in a fierce competition to secure a place for their children at some of Sydney's top comprehensive high schools. Schools including Cheltenham Girls, Burwood Girls, Epping Boys, Killara and Cherrybrook high schools perform well educationally and are being swamped with enrolment applications. (Sydney Morning Herald -- Australia)
