In accordance with a decision that was reached by the interministerial privatization committee, the Greek finance ministry has announced that it will take steps to speed up the process of privatizing real estate and other assets. As part of the new process, the country intends to raise EUR7 billion between 2011 and 2013 through privatizations. With the help of these funds, Greece intends to reduce its high budget deficit as well as its significant national debt while also paying back the EUR110 … [Read more...]

In Arizona’s Maricopa County, where Californian’s were once the biggest source of outside homebuyers, a recent report has found that Canadians have now taken their place.According to figures tracked by John Burns Real Estate Consulting, which is based out of Irvine, California, Canadians supplanted Californians as the biggest buyers in the county from December 2009 through to June of this year. Arizona isn’t the only place seeing a large number of Canadian buyers, however, as Jed … [Read more...]

After selling $5.8 billion in assets, which it used to pay down its debts and to recapitalize, the Denver-based warehouse and distribution company of ProLogis is no ready to grow. While it has taken two years since Walt Rako took control of the company to get it to this point, the time and effort invested into the project is starting to pay off. In fact, the company started $700 million in new development projects this year, one of which was breaking ground on a 270,000 square foot building in … [Read more...]

In an effort to slow down speculators, China has reportedly put new legislation in place that will place severe restrictions on foreign ownership of property. In fact, under the new guidelines, foreigners will not be allowed to own multiple properties on the mainland. In addition, non-Chinese companies will only be allowed to purchase commercial real estate that is going to be used for the company’s own purposes. As part of the new regulations, individual buyers who are interested in … [Read more...]

Experts are predicting that real estate investors in Brazil will no longer have to depend upon foreign buyers over the next several years, as the country’s growing middle class will be ready and able to purchase the properties they are trying to sale. This is largely due to the fact that the Brazilian government has implemented innovative programs that are designed to make it easier for lower income families to obtain a mortgage as well as to the fact that the country has been experiencing a … [Read more...]

According to a monthly report released by Canada Mortgage and Housing, the Canadian housing market is likely to see some problems over the months that lie ahead.One of the primary areas of concerns within the Canadian housing market is that of housing starts, which slowed for the fourth month in a row in August. In fact, starts fell by 3 percent in August, with the seasonally adjusted rate in August being 183,300 compared to 188,900 in July. Furthermore, Statistics Canada is reporting that … [Read more...]

With the United States economy still limping forward toward a recovery, any boost that it can get will certainly be more than welcome. Clearly, one of the keys to getting the economy back on track is to get the housing market moving in a positive direction. While the housing market does appear to be moving in the right direction within many markets throughout the United States, more help is certainly needed – that is where a newly passed bill comes in handy.The Real Estate Jobs and … [Read more...]