Own A House - real estate market news

Company Azizi Investments - is one of leading builders of region of Persian Gulf -declared the unwillingness to begin new building projects in the light of a global economic crisis.
Representatives of the company have declared, that their arrogant plans of growth for 2009 can be changed, taking into consideration current situation in the world markets. However, Merwiss Azizi, Founder and Chairman of Azizi Investments, proves that all projects, which are being realized now, will be finished.
According to Merwiss Azizi, steady fundamental indicators of economy of Dubai show, that the local market will suffer from crisis less than others.
Company Azizi Investments participates in realization of such projects, as Emirates City, Ajman, Palm Jebel Ali, Dubai World Central and Mina Rashid.

Freddie Mac - the second-largest hypothec company of the USA - has informed on the losses, suffered already for the fifth quarter successively, because of write-off of taxable actives and deterioration in the habitation market.
In the third quarter of 2008 losses of the hypothec giant, sponsored by the state, have made $25,3 billion, or $19,44 per share, against losses before payment of taxes in $1,24 billion, or $2,07 on the action, year before.
On share Freddie Mac and Fannie Mae it is necessary more than half of all hypothec credits which are given out in the USA, for a total sum $5 bln.

At National Association of Realtors annual conference, which took place in Florida, many delegates openly shared pleasure because of outcome of presidential race in the USA.
According to Peter Bolton-King, chief executive of the National Association of Estate Agents, political uncertainty has come to the end and realtors are convinced that if the economy will start to be stabilized, buyers will return to the real estate market.
Let’s remind that Barack Obama promised to found special fund in volume of $10 billion for the help to house owners, who face the problem of eviction for nonpayments under the mortgage, threatens.
According to the international real estate agency Hamptons International, in case if Obama will keep the promises and will bring changes to the USA real estate market, it will have positive influence on the real estate markets all over the world.

Unlike Europe, the market of the commercial real estate in Russia is still far from saturation. And even in such megacity as Moscow, huge possibilities for investments and growth prospect remain.
Russian real estate market substantially depends on a situation in the financial market, which is facing difficulties now. It has caused a new coil of interest to real estate purchase in the European countries.
The similar tendency, which has recently outlined, caused a new rate of interest to real estate objects in such habitual for Russian investors countries as Spain, Cyprus, Czech Republic, Croatia, and in less habitual countries as Panama, Bulgaria, Turkey, the Baltic countries.
Real estate purchase in the European Union countries - Spain, and Latvia, Cyprus, and Czech Republic, will shortly concern Turkey and Croatia - gives obvious pluses (possibility to have a rest in own house or apartment at any time of the year) as it is the acquisition of a valuable active, which in long-term prospect will grow in the price.