Real Estate
Tuesday, 02 October 2012 16:49
1023
DUBAI: Qatar's Barwa Real Estate is looking to invest in the London property market before the end of the year, the company's deputy group chief executive said on Tuesday.
"We're looking for a few investments in Europe, mainly London. We're interested in hotels, business towers and hope to finalise an investment before year end," Ahmad Abdulla al- Abdulla told Reuters on the sidelines of the Cityscape real estate conference in Dubai. He did not give details on potential targets or how much the company is willing to invest in Europe.
The oil rich state's sovereign wealth fund has spent 5.7 billion euros ($7.36 billion) on real estate since 2007, almost 80 percent of it in London and Paris, August data from research firm Real Capital Analytics showed.
Barwa, the Gulf Arab state's largest listed property developer, has investments in the U.K., France, Switzerland and Turkey, and owns a building in London's upmarket Mayfair ...
SEOUL: Housing prices across South Korea fell 0.2 percent in September from August, private-sector data showed on Tuesday, marking their third consecutive monthly decline and underscoring a stubbornly weak consumer sentiment.
Housing prices fell by 0.1 percent each in August and July on a month-on-month basis and it was the longest losing streak seen since early 2009, the data from Kookmin Bank showed.
Compared with a year earlier, housing prices in September were just 1.2 percent higher, ...
BEIJING: China plans to stick to its tight property sector policies and a nationwide rebound in home prices remains unlikely, a senior official at the housing ministry said in remarks published by state media on Sunday.
The comments underscore Beijing's determination to keep a lid on rising home prices, a source of social discontent, especially in the run-up to a once-a-decade leadership transition this year.
To curb price rises, Beijing is urging local authorities to increase housing ...
BEIJING: China's home prices rose 0.1 percent in August from July, to show a modest increase for a second consecutive month and signal a gentle recovery in the property market as the government seeks to spur economic growth.
Real estate, which directly impacts around 40 other business sectors in China, is a key driver in the world's second largest economy, which is currently going through its worst slowdown in three years as growth in exports and ...
DUBAI: Emaar Properties, developer of the world's tallest tower in Dubai, plans to build a new hotel in the city's high-end Downtown area, its first major hotel project since the emirate's property crisis erupted in 2009.
Emaar, which had skirted clear of its home market in the aftermath of the debt crisis, said the construction of the five-star hotel will be financed mainly through pre-sales of serviced apartments.
"The hotel we're launching today represents an opportunity to ...
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