JUNE 2012 |
www.opp.org.uk
NEWS
WORLD ROUND-UP | 09 1- EUROPE
Eurozone on the brink The eurozone is facing “fi nancial disinte- gration” and should use its new bailout fund to recapitalise distressed banks directly while embarking on a transna- tional banking union, the European com- mission said last month. The commission also talked up the merits of eurobonds or pooling of eurozone debt.
8 - TURKEY
$20bn property bonanza Turkey’s relaxation of property buying laws for foreigners could see $20 billion- worth of overseas property invest- ment pour into the country, according to the country’s second biggest real estate investment trust. A statement by Torunlar Gayrimenkul Yaltrim Ortagkligi AS (TRGYO), said the boost will mainly come from Persian Gulf and Central Asian countries.
10 - DUBAI
Agent ratings introduced Better Homes, a leading Dubai estate agent, has taken the unusual step of allowing the public to rate the per- formance of its individual agents. The results are shown on its website – www.
bhomes.com – when you search for a property ‘by agent’. They also show each agent’s rating for ‘business strength’, which is undefi ned but, it appears, not voted by the public.
5- JAPAN
Japanese seek safe-havens Japan’s troubles have sprouted a cottage industry looking to safeguard Japanese people’s savings through overseas real estate. “People…tell me they are worried about an economic disaster in Japan,” re- altor Hirosha Kosaka says.
4- SINGAPORE
Singaporean buyer surge Singaporean overseas property buyers are becoming major players in the mar- ket as demand increases according to a local expert. Andrew Batt, regional group editor of Property Guru, said: “…judging from the six exhibitions that I attended last weekend the numbers are on the uptrend.”
2- CHINA
China will not use stimulus China’s economic expansion is slowing down to levels seen immediately after the global recession as weak overseas demand, a cooling housing market and reduced bank lending take hold. “The Chinese government will not use stimulus money to reach the goal of ‘stable growth’ like they did last time because it’s unsustainable,” a New China News Agency article said.
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