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Click here for Real Estate Quarterly from Russia this PDF contains
- Russian commercial property market surveys
- Analysis of market trends and forecasts
- Investments in real estate
- Coverage of main real estate and construction news and events
- Lists of reliable real estate service providers and construction companies
It also contains info on fast growing Kazakhstan I wonder if it mentions anything about Borat's house?
Bloomberg News - ECB President Jean- Claude Trichet said an increase in interest rates as early as next month may not be the first of many
FT - Slowdown in consumer spending in France and Germany
Click here for the video clip!!
Note: This clip might take a minute or two to download depending on your internet connection. If you don't have a broadband connection try using google video the quality isn't as good as the first link.
The poll result is available here if ya wanna see more, then let me know...
Nov. 11 (Bloomberg) -- European Central Bank (ECB) council member Klaus Liebscher said inflation is a growing danger and the bank "can always bite," the clearest hint to date that an increase in interest rates may come as early as Dec 1st
West Cork: 3/4 of an arce with planning permission for just €38,000
Planning permission for a 4 bed dormer 2 storey house. Property has complete privacy with a high fushia hedge bounding 3 sides. There are panoramic countryside an mountain views from the site. Doh! Sale agreed (not surprisingly!!)
West Cork: "56 Acre" Site With Outline Planning Permission for just €100,000
Very nice providing you are "local"
Australia: €186,000 for an investment property in 'Noosa Heads'
Any increase in interest rates will have implications for the Irish economy, and more specifically for the stability and soundness of the Irish financial system.
Ouch!! The report goes on to say...
Over the medium-term horizon (three to seven years approx), however it is likely that the euro area economy will revive and will see a much higher equilibrium real rate of interest. A steady state growth rate of 3 per cent, combined with an inflation rate of about 2 per cent (consistent with the ECB’s inflation objective) and a risk premium of 1 per cent would add up to an equilibrium mortgage rate of approximately 6 per cent. With the typical variable mortgage rate of interest being around 3 per cent now (October 2005), an increase in interest rates to this putative equilibrium level would double the repayments burden. For highly indebted borrowers, this would be an intolerable burden and would almost certainly mean a sharp increase in the ratio of non-performing loans. The full report is available online here
Bless what will be next? A gamer who spent £13,700 on an island that exists only in a computer game has recouped his investment, according to the game developers. Click here for more
Click here for Real Estate Quarterly from Russia this PDF contains
