News

Decline of Prime Property Prices in Scotland Coming to An End

The price of prime properties in Scotland fell by 0.4% in the first quarter of 2012, slightly lower than the 1.3£ decline seen in the last three months of 2011, according to new figures published today (Monday 09 April).

Dubai Land Department to Auction Foreclosed Properties

Up to 80 properties in Dubai are set to be sold by the Dubai Land Department (DLD) this year as banks move to take action to recoup losses from home owners in mortgage default.

Housing Secretary Pushes Mortgage Write-downs

The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.