Real Estate Site

UAE developers invest $7bn in Jordan.
Land prices have doubled, while three-bedroom apartments in middle-class neighbourhoods now sell at $140,000, or three times more than five years ago, media reports said.

‘Sanaya Amman will start its sales from August this year. In the next four years, LimitlessLimitless will sell parts of the project on an annual basis. Prices will be increased by 25 per cent every year,’ said Bahaa Abouhatab, Regional Director, Levant and Turkey.

‘In our feasibility studies, we have made allowances for a 10 per cent cost escalation over our estimates when the project is completed,’ said Abouhatab.

Foreigners are allowed to buy property in Jordan if they have permission from the internal security department, which generally is not difficult for Westerners to obtain.

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MSPs forced to sell homes under new rules.
Not only were some politicians pocketing the profits made after selling their taxpayer-funded properties, but some MSPs used the post-sale gains to ‘trade up’ and buy lucrative family homes.

The review, chaired by Dundee University principal Sir Alan Langlands, recommended MSPs be restricted to renting or staying in hotels after 2011.

The parliament”s corporate body, which runs Holyrood, has backed the proposal and has moved to close off loopholes. The group was worried MSPs currently claiming mortgage interest could rent a new home after the rule change while at the same time letting their existing property bought through EAA.

It has been decided MSPs who claim mortgage interest will only be allowed to bill the taxpayer for rent or hotels if they first sell their Edinburgh homes.

Margins have risen but it is time to sell as Signet loses sparkle.
Instead of all those aggressive property types and activist investors looking to make a quick buck out of M&B’s £5 billion asset base, Fuller’s register is packed by members of the founding families, the odd City institution and a smattering of private investors who patronise its pubs.

So while M&B lurches from one property-based strategy to another – all the while, it should be added, running a perfectly good business – the board of Fuller’s is able to take a long-term view based on investment in its pubs and brewing facilities. Quality is the guiding theme throughout, and, despite some of the toughest trading conditions in living memory, the strategy is paying off.

When most pub operators are seeing like-for-like sales declines, Fuller’s has been able to report a 3.6 per cent increase in the year to the end of March and a 2.4 per cent rise in the first nine weeks this year.

Read a book aloud, light a light for the visually impaired.
Some publishing houses have made audio versions of popular books, but these are not done for the impaired people, said Y?lmaz. ‘This is hoodwinking,’ he said, adding, ‘They feel they have done with their social responsibility by that.’

From cassette records to MP3

Many strategies have been employed to help the blind read written material. The first, devised by Louis Braille in France, was a system of raised dots that could be ‘read’ using the fingers. Another method is to turn a written text into an audio recording. The development of technology has helped increase the accessibility of written texts to the blind.

For example, recordings were initially made on cassettes, but one book can require 30 cassettes, making it difficult to transfer the cassettes to readers.

Water Leak Prompts Temporary Evacuation Of Building.
The apartment residents had to leave the building temporarily. The flooding might have caused even more problems if it had happened three hours earlier.

‘If this happened before 5 o”clock, when there were probably kids still here, then we would have had a serious evacuation of young children,’ Carroll said. ‘That mass of water that started flowing out of the building flowed into a day care center that”s on the first floor.’

The residents were allowed back into their homes on Thursday night. .

Children in foster care, to get checkups.
The three young children found with the alleged parents of abandoned infant Angelica-Leslie are doing well in their new temporary foster-home and are set to undergo a routine medical examination today, family service workers say.

The children, all under the age of six, were taken into the custody of a local family service organization Wednesday night when their parents were arrested at their Kitchener home and charged with the Jan. 30 abandonment of the little girl.

Since then, the trio have been kept together in a foster home, and have been in contact with family service workers each day, said Peter Ringrose, the executive director of Family and Children Services of Waterloo Region.

‘We have been in touch with them all the time so a worker has seen them each day,’ Ringrose said.

Saffron “N Pepper.
What helped the BJP victory also is the support of the powerful real estate and mining lobbies. The mining lords of Bellary, the Reddy brothers, influenced results in Bellary, Davangere and Gadag districts. The BJP won 18 seats as a result. The real estate lobby funded the BJP simply to ensure that the JD(S) would be kept out of government formation. The latter won only 28 seats compared to the 58 it cornered in 2004.

According to political observers, the mining and real estate lobbies will soon be demanding their pound of flesh, which could turn out to be a nightmare for the BJP. Besides these two lobbies, the powerful Lingayat maths (seminaries), which played a proactive role in pleading Yediyurappa and BJP?s case, are expected to cast their shadow on the government.

But why did the Congress underperform, and so badly at that? Well, for one the party was too disorganised.

MSPs forced to sell homes under new rules.
Not only were some politicians pocketing the profits made after selling their taxpayer-funded properties, but some MSPs used the post-sale gains to ‘trade up’ and buy lucrative family homes.

The review, chaired by Dundee University principal Sir Alan Langlands, recommended MSPs be restricted to renting or staying in hotels after 2011.

The parliament”s corporate body, which runs Holyrood, has backed the proposal and has moved to close off loopholes. The group was worried MSPs currently claiming mortgage interest could rent a new home after the rule change while at the same time letting their existing property bought through EAA.

It has been decided MSPs who claim mortgage interest will only be allowed to bill the taxpayer for rent or hotels if they first sell their Edinburgh homes.

One-third of assessment appeals succeed.
The Grand List is the total value of all taxable property in the city, including homes, commercial buildings, business equipment and motor vehicles. Assessments represent 70 percent of market value.

The 2007 revaluation shifted more of the tax burden from homeowners to commercial property owners, unlike the 2006 revaluation, which did the opposite. Homes now make up 59 percent of the total Grand List, down from 65 percent last year, and commercial properties make up 35 percent, up from 26 percent last year.

The Grand List grew by $2.9 billion, or 14 percent, over the fully assessed value of last year”s list.

Last year, the board made adjustments for 452 properties, or 52 percent, of the appeals.

This year, the six-member Board of Assessment Appeals held 472 hearings with property owners in April and May.

At home with Joan Growe: Electing to relax.
Q You”d never know looking at your lovely home, but aren”t you known to be a bit of a penny-pincher?

A No one probably remembers this, but I was a single parent raising three kids by myself. Being in public service, I”m very careful about how I budget and spend money. The sofa and chairs are from a secondhand store. Since I don”t worry about kids” expenses anymore, I”m a little more extravagant now.

Q Give us an example of your extravagance.

A Tom [Moore, Growe”s partner] and I purchased a 1920s Art Deco sideboard with the original carving and marble top from French Antiques on Lyndale before it closed. We paid about $2,000 for it.

Q Is there any piece in your condo that you ‘tolerate,’ like the dingy green recliner on ‘Frasier’?

A There is a huge, almost life-size original oil painting of Tom”s great-grandfather, ‘The General,’ in front of the dining table.