Dec 23rd, 2009
Global Housing Market on the Mend
The world’s housing markets show signs of hope. Sixteen of the 27 countries that have published their third quarter results with GlobalPropertyGuide.com experienced rising prices. Only 11 countries reported falling prices. After being negatively affected during the economic slump, the UK, Canada, Germany, Singapore and South Africa are finally noting positive price [...]
Dec 18th, 2009
Dubai Real Estate Bubble Bursts
The Dubai government has admitted to a debt of $80 billion that it cannot repay. Of that debt, Dubai World, which is the flagship of the Emirate and the company behind such iconic developments as The World and Palm Jumeirah, owes $60 billion. Just a year ago, the Dubai government was proudly announcing its resilience [...]
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