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So Much for the 401(k). Now What?

Tens of millions of Americans are enrolled in private employer-sponsored retirement plans — Read the rest of this entry »

FAISALABAD (January 15 2009): Punjab Minister for Law Rana Sana Ullah Khan has said that huge foreign investment in business and trade activities would help in strengthening country’s economy and government would encourage such foreign investors those would play vital role to develop the local economy and to promote modern technology in trade and business sectors through their foreign investment. Read the rest of this entry »

KARACHI: Exporters claim that prices of basmati and non-basmati rice have increased by around 23 and 30 per cent, respectively, owing to government intervention in rice purchase through Trading Corporation of Pakistan and Pakistan Agriculture Storage and Services Corporation. Read the rest of this entry »

RAWALPINDI: The Sunday bazaars have failed to provide quality food items, especially vegetables and fruits, to residents at reasonable prices, as prices of most of the items in these bazaars are same or higher than fruit and vegetable markets of the city. Read the rest of this entry »

It’s likely to be the biggest purchase of your life, and the process can be intimidating. Here are answers to the top questions you may have when you’re ready to buy your first house. Read the rest of this entry »

KARACHI,  Apropos the news report, titled “HBFCL facing serious liquidity crunch”, appearing on the front page of daily the Business Recorder on 21st October 2008, HBFCL wishes to make it very clear that, the report contains wrong, fallacious, and malicious information, far from actual and factual position, and appears to have been given with malafide intention. Read the rest of this entry »

A look at where rates on home loans are headed in the new year.

It wasn’t too long ago that mortgage rates were expected to move sharply higher in the coming months thanks to rattled investors and mounting inflation. But while falling home prices and jittery financial markets have done little to assuage investor fears. Read the rest of this entry »

According to a Federal National Council (FNC) proposal visitors to the UAE will be mandated to provide a clean police record and a bank statement from their country of origin, senior immigration officials said. Ministry of Interior (MoI) is currently studying the proposal. Thanks to the booming UAE economy, chiefly fed by real estate sector, region is attracting Asian expats in droves. Read the rest of this entry »

In the face of an intractable credit crisis and a recession that could be the deepest since World War II, economists are expecting another downcast year for housing in 2009. Mission Residential Chief Economist Richard Moody, for example, projects home prices to continue along their downward slope for the entire year before hitting bottom in early 2010. But while there’s no shortage of gloomy data-rising unemployment, higher mortgage delinquencies, increasing foreclosures-glass half-fullers do have a number of hopes to cling to. And while these more optimistic factors might not be enough to spring housing back to life in 2009, they could-with a few lucky breaks-prevent the market from declining as sharply as it otherwise might. Read the rest of this entry »

Clearly, housing is still in the dumps. During the second quarter, home prices dropped 15.4% over the same period last year, according to the S&P.

It’s not pretty. But it’s adding injury to insult to pay property taxes based on a home value assessed during the housing bubble. Read the rest of this entry »

A home equity loan allows you to access the equity in what may be your greatest asset -your home. If you’ve been paying on your mortgage for several years, and if real estate in your area has appreciated, the equity in your home may have had a chance to really build. With a home equity loan, you can use that money to finance many things, but you need to make sure to use this money wisely. Read the rest of this entry »

1. Leave the lawn

There’s no sense in fixing up the yard. After all, it’s the house they’re coming to see!

Or … See your yard as an extension of the house and give it a thorough once-over. Trim unruly bushes, pull weeds, spread fresh mulch and keep it mowed. Your yard sets the expectations of the buyers before they’ve even stepped in your house. Read the rest of this entry »

Prime residential rents in central London have fallen sharply in the last three months, the largest drop since 1995, according to a new report. Read the rest of this entry »

One of the fastest growing real estate companies in the region, Deyaar Development, delivered all 210 units of its Al Seef II tower to its residents last week. Read the rest of this entry »

One of the fastest growing real estate companies in the region, Deyaar Development, delivered all 210 units of its Al Seef II tower to its residents last week. Read the rest of this entry »

Bahrain World Trade Center main

The first skyscraper to integrate large-scale wind turbines suspends three 1,200-megawatt units between its matching 787-foot office towers. The turbines, which were completed in April, supply 15 percent of the electricity for the two buildings—roughly the same amount used by 300 homes.

Bahrain World Trade Center secondary:

To maximize energy output, the tapered towers funnel wind between them, creating a negative pressure zone behind the buildings that draws more air through the gap. This suction effect increases wind speeds by up to 30 percent at each of the 95-foot-long rotors to boost electricity production. It also redirects wind gusts hitting the tower by up to 45 degrees off center so that they hit the turbines at a nearly perpendicular angle for optimal electricity generation.

Construction Products Holding Company (CPC) established an industrial company with an investment capital of USD 120 million. This new company will comprise of seven factories, each specializing in the production of construction material. Read the rest of this entry »

Motilal Oswal maintained ‘buy’ call on DLF at Rs 257 per share. However, the brokerage has lowered the NAV for DLF by 24.7 per cent from Rs480/share to Rs361 / share to account for slower launch of new projects and lower real estate prices. The residential vertical accounts for 42 per cent of the GAV, commercial vertical 32 per cent of GAV, and the retail vertical for 17 per cent of the GAV. Read the rest of this entry »

Developers of the Dh15 billion mixed-use property, Dubai Pearl real estate project, is sponsoring amfAR’s (The Foundation for AIDS Research) ‘Cinema Against AIDS Dubai 2008′ gala dinner to be held on 12 December 2008 at Atlantis-The Palm in Dubai. Read the rest of this entry »

Dubai’s exports to major markets, affected by the credit crunch, could fall in 2009, but trade with other countries such as India could cushion the impact, UAE-based exporters said. Read the rest of this entry »