All Property Week articles in 24 April 2009
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APC Advice - Week 40: The month 21 review (part 3 - supervisor and counsellor preparation)
As with all the previous three-monthly meeting articles, the supervisor and counsellor roles are paramount, says Jon Lever. Meanwhile, Ben Elder looks at the competency on property management accounting.
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British architects design cancer centre for hurricane-battered New Orleans
A cancer research centre in New Orleans designed by UK-based architects RMJM New Orleans is now under construction.
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Indian developer to turn luxury scheme into township
Under weakening property market conditions, realty major Unitech has been forced to develop its Rs 15,000 crore worth high-end luxury housing project in Noida as an integrated township, aiming to boost sales.
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California wasted $580,000 on unused office space
California wasted $580,000 by leaving leased office space vacant for four years, and an administrator was improperly reimbursed more than $70,000 for commuting from her Southern California home to her Sacramento office, including lodging and meal costs, California's auditor has said.
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Santander to sell distressed homes on web
Grupo Santander SA, one of Europe's largest banks, is getting ready to launch a Web site on which it will sell as many as 950 new homes to the public at a 20% discount to market prices. That comes after the Spanish bank sold 350 homes to its own employees ...
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British Virgin Isles eases for foreigner restrictions
The British Virgin Islands, has agreed to ease some restrictions on foreign real-estate buyers.
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Obama moots new mortgage plan
The Obama administration sought to expand its $50 billion plan to reduce home foreclosures, announcing a new program on Tuesday to help troubled homeowners modify second mortgages or piggyback loans.
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Australian home sales hit 13-month high
New home sales rose to their highest level in 13 months in March, as the first-home buyers grant buoyed demand.
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Dubai 'most expensive emerging property market'
Dubai remains the most expensive emerging property market in the world despite the market slowdown and falling prices caused by the global credit crunch, according to Reidin, a consultancy.
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New visa law promised for Dubai buyers
A new law that would clarify the rules on issuing residency visas to property buyers in Dubai could be introduced this year, it was reported on Wednesday.
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Sorouh sees net profit half in first quarter
Abu Dhabi's Sorouh Real Estate said its first quarter net profits had fallen by more than half compared to the same period of last year because of a decline in land sales.
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US house price falls ease
The rate of decline in US house prices slowed in February and consumer confidence among Americans rose by the greatest amount since 2005 during April, in early signs the economic recession might just be slowly beginning to thaw.
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MWB cuts losses on Liberty sales rise
MWB Group has reported strong trading across the board, defying the downturn.
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Brixton ponders rights issue and sales
Brixton has not ruled out a rights issue to strengthen its balance sheets amid falling lettings in the first quarter.
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Expatriates threatened by northern Cyprus ruling
Thousands of expatriates who have property in northern Cyprus could be affected by a European Court of Justice ruling that the European Union’s courts should enforce Greek Cypriot legal verdicts.
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Best retail sales for more than a year
UK retailers posted a surprise increase in sales in the first half of April – the first uplift for more than a year – in a further sign that trading conditions are improving on the high street.
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Taylor Wimpey slows on rights issue
Taylor Wimpey will not announce any capital raising along with its preliminary results tomorrow, according to people familiar with the company’s plans.
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High bids force group out of nuclear site race
The British government stands to make more than £400m in the hotly contested auction of land to build new nuclear power stations as prices have soared. The bidding has become so intense that it has forced out one of the three main bidders.
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Tube upgrade under threat
The economic slowdown could threaten a programme to improve train speeds and frequencies across much of the London Underground, says the organisation’s outgoing managing director.
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Darling stands by Budget forecasts
Alistair Darling yesterday stood by his economic forecasts amid a blizzard of criticism, saying he remained convinced 'that growth will return towards the end of this year'.