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Location American Property News for 3 February 2016
The amount of time it takes to break even has gotten shorter in the past year.
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New home building approvals in Australia recorded their strongest ever year during 2015, up 13.7% compared to 2014, according to the latest data from the Australian Bureau of Statistics. But they fell towards the end of ...
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Last year saw record foreign investment in UK commercial property but a sharp slowdown in the second half of the year will make 2016 more of a challenge, a new analysis suggests. Some £67.5 billion was invested in UK co...
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New home building not keeping up with demand in UK

Property Wire - 3 Feb 2016 13:44
Demand for rented homes in the UK is set to grow by 1.1 million over the next five years despite various government policies to boost home building, according to new research. The Government has a target of building 400,...
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Landlords’ confidence in the buy to let sector in the UK has collapsed to an all-time low and is now worse than levels witnessed during the financial crash, according to the country’s biggest landlord association. Ri...
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The Scottish Government have released a draft code of practice for letting agents which will mean a huge shake up in the industry before it comes into force in 2018. The Letting Code of Practice (Scotland) Regulations 20...
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Saudi City of Jeddah Aims to Build World's Tallest Tower

Wall Street Journal - 3 Feb 2016 07:03
The builder of the world's future tallest tower hopes it will redefine the cityscape in this desert region and project the Saudi kingdom's ambition to be a global powerhouse.
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Problems Dog Development of Saudi Planned City

Wall Street Journal - 3 Feb 2016 05:24
The slow development of King Abdullah Economic City underscores the challenges to economic development in Saudi Arabia that go beyond the country's current economic downturn brought on by the plummet in oil prices.
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Big Property Firms Look to Expand in Saudi Arabia

Wall Street Journal - 3 Feb 2016 05:13
The world's biggest commercial property firms are seeking to expand in Saudi Arabia at a time when the kingdom's economy is going through a rough spell trying to reduce the country's historical oil dependence.
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