Dr Abdullah M. Bin Mahfouz, Vice Chairman of the Jeddah Chamber of Commerce and Industry has said that in spite of international markets reeling from the financial crisis, development and investment in Saudi Arabia’s real estate sector is expected to remain strong.
 Jones Lang LaSalle, a real estate experts has pointed out in a recent report that Saudi Arabia has a large domestic economy and is less dependent on global flows of capital and labour.
There are also many opportunities for investors, developers and occupiers with a recent snap poll finding …

The meltdown of US housing market mainly due to risky and wreckless mortgage practices is effecting real estate in Canada. The housing prices are falling and housing market is turning to favour buyers now.
According to latest figures from the Canadian Real Estate Association, the housing prices across Canada has dropped by 11 per cent since May 2008.
The Canadian Association of Accredited Mortgage Professionals predicts mortgage approval activity to fall nearly 12 per cent to $193 billion in 2008, compared to $218 billion in 2007. Approvals are forecast to fall another 10 per …