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Hypo Real Estate, Depfa entities downgraded - S&P MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services lowered its long- and short-term counterparty credit ratings on three members of the Germany-based Hypo Real Estate group (HRE) by one notch, following a review of HRE's profitability International Real Estate Federation Supports GHF Plan to Expand Micro Mortgage Initiative NEW YORK, NY -- (MARKET WIRE) -- 07/02/08 -- The International Real Estate Federation (FIABCI) announced its support of a plan by the Global Housing Foundation (GHF) to provide access to affordable housing for residents living in some of the world's Fortis Real Estate acquires sole control of Devimo Group - report BRUSSELS (Thomson Financial) - Fortis Real Estate has acquired sole control of Belgian shopping centre group Devimo, La Libre Belgique reported, citing retail newsletter Negocio. Fortis Real Estate, which previously had a 32.5 percent stake in the group, REITs Bruised by Credit Crisis Real-estate shares fell victim to economic and credit concerns in the second quarter, registering bigger declines than the broader S&P 500. Consumers are expected to rein in their spending habits as the job market softens and the real estate market cools, according to a TD report. The report suggests spending growth will pull back from above five per cent in 2008 to 2.6 per cent in 2009 in year-over-year comparisons. 'Households have been spending almost like drunken sailors over the past couple of years, which provided critical UAE- Real estate prices likely to come down next year (MENAFN - Khaleej Times) From next year the value of property market in Dubai will start falling back to its 2007 level and may arrest the rising prices of commercial and residential units, according to Moafaq Al Gaddah Group of Companies (MAG International Real Estate Federation Supports GHF Plan to Expand Micro Mortgage Initiative Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=791360 Best Real Estate Promotions BusinessWeek editors Peter Coy, Dean Foust, Chris Palmeri and Prashant Gopal chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside |
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