The East African property market has once again attracted the interest of an international real estate company, barely a year after Rutley Capital Partners of UK launched a Sh13 billion East Africa property fund. Another UK based real estate company, Integrated Property Investments Ltd, is flexing in preparation for entry into the market this year. The firm is seeking a dual listing in the Nairobi and Dar es Salaam stock exchanges. read full article
Nearly £900m of tenants' deposits has been safeguarded under the Government's tenancy deposit protection scheme in its first year, new figures released today show.
In a bid to dismantle stereotypes about doing business in Africa, financial and government leaders will meet for the first time in London today (6 November) to discuss East Africa’s investment climate. From City of London.
Gross lending declined to an estimated £24 billion in February, down 7% from £25.9 billion in January and 6% from £25.6 billion February 2007, according to the Council of Mortgage Lenders.
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The National Association of Estate Agents (NAEA) is very concerned that the Department for Communities and Local Government (CLG) is trying to cover up much of the MORI research into the Home Information Pack Area Trials.
The Euro reached record exchange rate levels this week, rising as high as 1.5144 EUR against the US dollar: good news for buy-to-let investors seeking more affordable property in the USA with which to tap into a growing demand from many US citizens unable to enter the property ladder. The country is also witnessing a colossal increase in European tourists lured to the USA by the attractive exchange rate. read full article
The Chartered Institute of Building (CIOB) has awarded 300 members Chartered Environmentalist status.
Madrileños own a large proportion of holiday homes on the Costa del Sol, a proportion that could be as high as 40% in pretty coastal towns such as Mijas just to the west of Málaga. Sadly they have traditionally only enjoyed one dose of sunshine per year in the month of August when Madrid turns into a ghost town, businesses shut up shop and they migrate south like swallows. read full article
Wars, coups and high inflation - can South America be worth the risk? read full article