PropertyO News
Latest Property News
Watch - building demolition helps earthquake scientists
With a series of quick blasts and a cloud of dust, a 13-storey building on a university campus in northern California crashed to the ground on Saturday as scientists monitored the impact on the nearby Hayward Fault. The controlled implosion on a hillside above the San Francisco Bay attracted scores of onlookers eager to feel the magnitude 2.0 shockwaves scientists predicted would occur from 12,500 tons of crashing concrete and steel. "We're taking advantage of the fact that it's generating a nice seismic signal that we hope to be able to record throughout the San Francisco Bay area," explained Rufus Catchings, a researcher with the US Geological Survey (USGS). "We'll use that seismic signal, that seismic energy, to help determine some very important features about the Hayward Fault and the area surrounding the Hayward Fault."
Wed, Aug 21, 2013
Watch - egypt economy struggles in the maelstrom of protests
Seizing power in Egypt, the military last month stated one of its top priorities was to revive the country's battered economy. How difficult will it be, how severe is the damage to their hopes as pictures of the stand-off with the Muslim Brotherhood supporters are flashed across the world? Political stability is essential in any successful equation to tourists and investors while the protracted crackdown could lead to international financial sanctions. Tourism is one of the prime sources of foreign currency for Egypt and it has paid a heavy price for the instability. After falling in the wake of the Arab Spring in 2011 the number of visitors was again on the rise. The target for this year is 13 million which seems unrealistic. Traditionally, the tourism season opens at the end of June. This year, it got underway as the anti-Mursi movement began to gather momentum. The industry, which provides about 7 percent of GDP and employs 12 percent of the population has been hit. "The country is politically unstable, so how can it be economically stable? It just doesn't work. The first thing with the economic problem is security, if the issue with safety is resolved, the tourism problem will be resolved, everything will be resolved," pointed out one shop owner Sayed Ahmed. On Friday the British government along with several others advised against travelling to Egypt. Some tour operators have stopped all trips while several popular attractions in Cairo remain closed. Amid rampant inflation poised to exceed 13 percent, work is scarce. Unemployment is officially estimated at around 13 percent. The actual rate may touch the 20 percent mark.
Wed, Aug 21, 2013
Watch - belgium: capital of europe for investors
Is Belgium the capital of Europe for investors?
Wed, Aug 21, 2013
Cypriot sells property on ebay
It is no secret that the Cypriot property market has struggled in the last year. Sales in June 2013 were 51pc lower than June 2012, according to the Department of Lands and Surveys. But as prices continue fall for the fourth year in a row, one owner has taken new steps to find a buyer and placed their home on eBay.
Tue, Aug 20, 2013
Celebrity homes: is robert pattinson renting this house?
Is Robert Pattinson renting this home? He might be, according to some calculated guesses from property buffs.
Tue, Aug 20, 2013
Watch: obama answers questions from us homeowners for 30mins
On Wednesday, August 7, 2013 President Barack Obama answered questions from U.S. homeowners, renters and prospective buyers in a live-streamed event entitled "Zillow Presents: A Better Bargain for Responsible Homeowners". During the event, President Obama answered housing questions submitted via social media, using the hashtag #AskObamaHousing.
Tue, Aug 20, 2013
Indonesia’s property not heading towards a bubble
Indonesia’s property market is not heading towards a bubble, Jones Lang LaSalle has declared.
Tue, Aug 20, 2013
Germany leads eurozone out of recession
Germany is leading the eurozone out of recession, according to new figures. The European economy eased out of recession in the second quarter of 2013, growing by 0.3 per cent, but Germany was at the head of the pack. The country’s economy grew by 0.7 per cent, its fastest pace in over a year.
Mon, Aug 19, 2013
Is corsica looking to ban foreign property buyers?
Corsica may be heading towards a locals-only housing market, according to new reports.
Mon, Aug 19, 2013
Maryland sees new foreclosures surge
The US housing recovery is here, but some states don’t know it yet, according to RealtyTrac’s new report, which shows that 15 states saw foreclosure starts rise in July 2013 from 12 months ago, while 26 states saw starts increase from June 2013.
Mon, Aug 19, 2013