Real estate industry
Sunderland City Council, Housing 21, and Frank Haslam Milan (FHM) have marked the start of work on a £5.5m extra care housing development for older people with a ground-breaking ceremony. The Woodridge Gardens project, located on the site of the former Woodlands Residential Home in Oxclose Road, Washington, will
Real estate industry
The American Recovery and Reinvestment Act of 2009, signed by President Barack Obama, aims to revitalize Florida's housing market with a boost of almost $79 billion in economic stimulus proposals. One key provision targets first-time homebuyers with an $8,000 tax credit, aiming to stimulate the state'
Real estate industry
The F-35 Joint Strike Fighter, manufactured by Lockheed Martin Corp, has received expressions of interest from Finland and Belgium, marking the latest countries to engage with the Pentagon about potential purchases. The F-35 is a multinational fighter aircraft under development with financing from the United States and eight other countries.
Real estate industry
The Penang state government has announced plans to participate in the 38th Medan Fair in Pekan Raya, northern Sumatra, from March 20 to April 15, with the aim of promoting the state's products and drawing Indonesian investors to Penang. The fair will showcase a range of sectors, including
Real estate industry
The recent devaluation of the Kazakh currency, the tenge, has sent shockwaves through the Almaty real estate market, creating uncertainty for buyers and sellers alike. According to Nina Lukyanenko, the director of DIXL, a local real estate agency, the market was initially slow to react to the devaluation, with prices
Real estate industry
Minnesota nonprofit housing agencies are welcoming the recent announcement of a $75 billion mortgage relief plan, which they see as a step in the right direction to address the foreclosure crisis. The plan aims to help homeowners still current on their payments but at risk for default by reducing their
Real estate industry
Fitch Ratings has dealt a fresh blow to the troubled Parsvnath real estate developer, downgrading its ratings by two notches in recognition of the company's struggling operating performance and the stagnant housing market. According to Fitch, the prolonged housing downturn is expected to continue in 2009, exacerbating the
Real estate industry
The Indonesian automotive industry is bracing for a significant decrease in output, ranging from 30 to 50%, due to a sharp decline in orders. The Chairman of the Association of Indonesian Businessmen (Apindo), Sofjan Wanandi, attributed the downturn to the government's failure to implement its promised stimulus package,
Real estate industry
As the Vietnamese real estate market remains frozen and shows no signs of recovery, many businesses have turned to foreign markets for investment opportunities, marking a significant change in their development strategies. The Housing and Urban Development and Investment Corporation (HUD) has taken a pioneering approach by partnering with Cuba&
Real estate industry
As rising unemployment threatens to almost double the number of Australian households at risk of forced sale or foreclosure, the effects of falling interest rates and petrol prices will be erased, a study by Fujitsu Australia and New Zealand warns. With unemployment forecasted to rise to five per cent by
Real estate industry
The Rudd government's decision to double the first homebuyers grant to $14,000 for existing homes and $21,000 for newly-built homes has paid off, with new figures showing a significant increase in the number of houses purchased by first homebuyers in November. The Australian Bureau of Statistics
Real estate industry
The Reserve Bank of Australia's (RBA) aggressive interest rate cuts are having a positive impact on the housing sector, with a second consecutive monthly rise in home loan commitments in November. The Australian Bureau of Statistics reported a seasonally adjusted increase of 1.3% in owner-occupied housing finance
