News Archive: legal issues: 2008

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24, 2008 December:

Montenegro applies for EU membership

Montenegro formally submitted its application for membership of the European Union (EU) earlier this week...

Bailiffs given more power

The UK Government may increase the powers of debt collectors despite concerns that the industry is poorly controlled...

Face it: you’re booked

An Australian couple were served legally binding repossession documents through the social networking site Facebook...

19, 2008 December:

Whilst the downturn in the US property market has provided brilliant opportunities for some investors to pick up a bargain, the novelty is now wearing off and the thrill of snapping up a foreclosed property has dwindled...

Buyers scurrying to market

The Governor of the Reserve Bank of New Zealand's latest move has sent house buyers scurrying on to the market to finalise deals on properties...

UK interest rates to fall further

Interest rates are expected to drop by at least another one per cent, latest minutes from the Bank of England's monetary policy committee are suggesting...

18, 2008 December:

Congestion charge? Manchester says no!

Areas with better transport links may gain from Manchester's no congestion charge vote, says expert...

17, 2008 December:

Calling all skilled migrants!

Key changes have been made to Australia's skilled migration processing to ensure that it is better suited to the needs of the fluctuating economy - TheMoveChannel.com takes a look at the new measures and investigates how they will affect potential migrants...

Sterling work: US rate cut boosts Pound

In the wake of the historic interest rate cuts in the US yesterday, the pound has risen against the dollar and it looks set to stay that way...

15, 2008 December:

Gone with the wind

As if Hurricane Ike wasn't enough to contend with, now the residents of the state of Texas are starting another battle - trying to get insurance claims fulfilled and to get the Federal Hazard Mitigation Grant to to buy their flood prone homes...

Oz: new laws to protect foreign workers

Keen to strengthen the integrity of temporary overseas work visa arrangements in Australia, the country's Parliament has passed new laws, one of which allows temporary migrants to stay in Australia for up to four years...

Vietnam opens to foreign buyers

Under new Government property laws, foreign buyers will be able to buy and own property in Vietnam from 1st January 2009, a positive step forward to keep the property market strong...

Holding back the tears

Holding back repossessions is critical for the health of the UK property market...

NZ homes: sub standard?

Thousands of homes in Auckland and Northland may have been built with under-strength timber after fabricators sold cut-price and substandard frames and trusses...

12, 2008 December:

Breaking out the bubbly?

Foreclosure filings dropped seven per cent from October to November, according to a report. But don't break out the bubbly. The tide of foreclosures may be ebbing now, but the flood isn't over yet...

11, 2008 December:

Evidence needed to withhold deposit

mydeposits.co.uk is reminding landlords that they need to provide sufficient evidence to support a decision to withhold part or all of a tenant's deposit...

10, 2008 December:

Changes in Dubai laws to benefit investors

According to the Middle Eastern Real Estate Consultants (Merec) the recent changes to the real estate laws in Dubai will help allay any fears investors have when considering buying property in Dubai...

09, 2008 December:

Information overload

The Communities & Local Government department is to plough ahead with plans to force councils to put efficiency information on council tax bills...

05, 2008 December:

Valencia owners must register homes

All holiday home owners who rent out their properties in the Valencia region will now need to register them with the tourist authorities, according to new regulations which aim to crack down on tax evaders...

Spanish land grab

European Parliament slams Spain (again) for ‘land grab' laws...

Welcome for new Government agency

Stakeholders in the housing sector have welcomed the launch of a new Government agency that combines the work previously done by three different bodies...

04, 2008 December:

Council tenants given discounts

Council estate tenants who 'contribute to the community' should be given a discount on the purchase price of their flat, according to a Conservative thinktank...

03, 2008 December:

Alarming prospect

The National Security Inspectorate (NSI) is urging homeowners feeling more at risk from burglary as a result of the economic downturn, to be careful when considering installing a burglar alarm...

New foreign trade policy for Brazil

Brazilian property investors could be interested to learn that the nation's businessmen are calling for a foreign trade policy that will enable them to be more competitive, it has been reported...

Scots: new home reports

As of yesterday, 1st December, homeowners selling residential properties in Scotland will need to provide potential purchasers with a Home Report...

02, 2008 December:

Changes for Brazil

A change allowing some visitors to enter Brazil for up to three months has been revealed...

Dubai workforce slashed

Dubai's residential market slump took a turn for the worst yesterday as Nakheel, the Government-owned property developer, announced it was slashing 15 per cent of its workforce and it emerged that Morgan Stanley and Credit Suisse also are cutting regional staff...

Affordable homes on the up

The drive to deliver much needed affordable homes and safeguard higher housing standards for eight million social housing tenants has taken a massive step forward...

01, 2008 December:

Where there's a will...

Anyone who owns or is thinking of buying a property in Cyprus should forward plan and ensure that they set-up a will, as lawyers in Cyprus can charge, by law, a fixed amount for probate work, typically in excess of 12 per cent of the estate value, according to soliciting firm ProACT Partnership...

Fraudulent behaviour

Mortgage fraud in the UK is booming as police fail to take it seriously or pursue criminals, the head of a new agency to fight the crime has revealed...

25, 2008 November:

More crunch casualties

Keren Homes and subsidiary Keren Homes Birmingham have both gone into administration...

US foreclosures suspended

Fannie Mae and Freddie Mac to suspend US home foreclosures...

In distress and under duress

Tory MP Peter Bottomley has called for urgent action on sale and rent back schemes, by which distressed householders sell their homes for well under market value to buyers - both individuals and company - who then become their landlords...

19, 2008 November:

USA today? Oh no, you don't

As of January 12th next year, all visa waiver passengers travelling to America will have to apply for permission three days in advance, according to strict new US border regulations...

18, 2008 November:

Dubai's new registration

Dubai Land Department's new online application system has already registered more than 80,000 units...

Boris to bring relief

Boris Johnson asks Government to reintroduce empty rate relief...

Canada buying mortgages

The Canadian Government is to buy up £21.7 billion in insured mortgages from banks as part of a series of initiatives to shore up the property market...

17, 2008 November:

Get active, Government!

Four fifths of British people want the Government to be more active in helping homeowners at risk of having their homes repossessed...

14, 2008 November:

Czech list

The Czech Republic is reportedly on the verge of passing legislation that will permit foreigners to buy land...

13, 2008 November:

Don't be blinded by the sun

Last year, a body was set up last year to help foreign investors who had bought property in Cyprus and were facing problems. Fast forward a year and the number of unhappy buyers highlights a major problem with investing in the country...

10, 2008 November:

Low blow from High Court

High Court blow for UK homeowners...

07, 2008 November:

Bahrain's new legislation

Unregistered expatriate real-estate managers in Bahrain now face deportation if they fail to register with the Government, under legislation passed by the Parliament's lower house...

06, 2008 November:

Life happens whilst you make plans

New amendments to the Government's planning bill have been laid in Parliament to strengthen the scrutiny of national policy statements by the House of Lords, and tackle climate change...

05, 2008 November:

Five days until new rules

Land Registration Amendment rules come into force on 10 November 2008...

Dirty laundry

The Netherlands is to tighten controls over the property sector to combat fraud and money laundering which is a growing problem in the country...

03, 2008 November:

Natwest's Islamic mortgage

In response to customer demand, NatWest bank has launched its first mortgage product compliant with Islamic Shariah law. In accordance with Shariah law, the product will not charge interest...

28, 2008 October:

Asia about face

In a bid to attract more foreign investment to the country, the restrictions currently imposed on international buyers are set to be eased in Malaysia...

Hide and seek: Title deeds

Nearly 30,000 foreigners who bought properties in Cyprus are still waiting on their title deeds, according to official statistics released by the Cyprus Land Registry...

24, 2008 October:

Doubles or nothing

Mortgage lenders could soon be hit by a new crunch as the levels of fraud claims have doubled in the last year...