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South African property prices continuing to rise
Mid-range South African property prices continued to rise on a year-on-year basis in July, increasing by 7.6 per cent, according to figures from the Absa House Price Index.
However, the rate of growth was at a slower pace than in previous months, suggesting that prices may be reaching their peak after a 7.7 per cent rise in June.
Year-on-year growth in value for large properties also rose by 4.7 per cent, following growth of 5.5 per cent in June.
According to the bank, house price growth in S...
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Date: 2010-09-01 21:00:00 | Source: PropertyShowrooms.com
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Retirees looking abroad for new experiences
Brits retiring abroad are increasingly looking to try a new way of life rather than moving straight to an expat community, which could benefit investors with property overseas.
Research by NatWest International Personal Banking found that moving abroad is still a popular choice with retirees, with western European nations such as Spain and France and long-haul destinations such as Australia and the US remaining firm favourites.
According to the study, 92 per cent of retirees living abroad do n...
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Date: 2010-09-01 21:00:00 | Source: PropertyShowrooms.com
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Property in Scotland cheaper than UK average
Property in Scotland is cheaper than the rest of the UK, according to ESPC.
David Marshall, a business analyst at the firm, said that the average house price in Scotland is generally lower than in other parts of the UK, and has been for years.
"Scotland has always been comparatively affordable compared to the rest of the UK, but that isn't uniform across the board. There are areas where average house prices in Scotland are much higher than the UK average," he added.
Mr Marshall's co...
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Date: 2010-09-01 21:00:00 | Source: PropertyShowrooms.com
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Bulgarians in Paris murder to appeal
Two Bulgarians who were sentenced this week to long jail terms for a brutal murder in Paris in 2000 will take their case to the European Court of Human Rights in Strasbourg, their lawyer said Wednesday.
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Date: 2010-09-01 19:08:58 | Source: Topix.com
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Regulations Chaos in Bulgaria Said to Repulse Renewable Energy Investors
Chaos and red tape in Bulgaria's regulations are believed to be a major obstacle to attracting large-scale foreign investments in renewable energy, according to analyst Zlatin Sarastov.
Sarastov, analyst from Amphora Capital, a Sofia-based consultancy, has argued, as cited by the Cross news agency, that the recently announced investment of Japanese company Toshiba in a Bulgarian solar plant should alert the Bulgarian government about the expectations of serious investors for predictability in s...
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Date: 2010-09-01 17:35:54 | Source: Novinite.com
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BCCI Wants to Expand Bulgarian Business with Chile
The Bulgarian Chamber of Commerce and Industry (BCCI) has urged an expansion of Bulgarian business and economic ties with Chile.
At a special meeting Wednesday, the Bulgarian Ambassador to Chile Valeri Yotov and the Chair of BCCI Tsvetan Simeonov have outlined the priority opportunities in developing Bulgaria's business ties with Latin American nation.
According to Yotov, the Bulgarian business sector should use the upswing and expansion in Chile's trade with the European Union members.
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Date: 2010-09-01 15:19:52 | Source: Novinite.com
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Funds of Bulgarian FBI for Trips Abroad Cut in Half
The Members of the Bulgarian Parliament from the Interior Committee decided Wednesday to cut by 50% the funds for trips abroad for security agents.
The employees of the State Agency for National Security (DANS) travel outside the country because the Agency provides the protection of the cryptographic communications of Bulgarian Embassies.
The measure was announced as an anti-crisis measure to be regulated with an amendment to the DANS Act.
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Date: 2010-09-01 14:41:03 | Source: Novinite.com
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UEFA bans vuvuzela from its competitions
UEFA's website says that it reached the decision for reasons related to Europe's football culture and tradition, saying that the atmosphere at matches would be changed by the sound of the vuvuzela.
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Date: 2010-09-01 14:15:17 | Source: Sofiaecho.com
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US, Iraq Among Bulgaria's Top Weapons Trade Partners
Bulgaria issued in 2009 432 permits for the export, import and transfer of weapons, according to the annual report on the special inter-Ministry commission.
The report was examined and discussed Wednesday during the regular meeting of the Council of Ministers.
Out of the 432 permits, 294 were for weapons import and transfer.
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Date: 2010-09-01 13:10:35 | Source: Novinite.com
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Bulgaria Consolidated Budget Deficit Tops BGN 1.5 B H1
Bulgaria's consolidated budget deficit exceeded BGN 1.5 B in the first six months of 2010 due to a fall in revenues and a rise in spending for social payments, the finance minister announced on Wednesday.
Revenues that flowed into the budget were two times lower than expected and totaled BGN 11....
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Date: 2010-09-01 12:18:45 | Source: Novinite.com
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Sofia's 'The Mall' Boasts 100% Store Space Lease
The shopping center in Bulgaria's capital Sofia known as The Mall achieved 100% lease of the store space, according to Colliers International, exclusive rent consultant.
The British fashion chain Next, one of the key tenants, opened Wednesday the doors of its first store in Bulgaria in The Mall. The other new brands on the Bulgarian marker are the Greek clothing company Pink Woman, and the Spanish lingerie chain Oysho, part of the Inditex group, already well-known in Bulgaria with its labels Za...
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Date: 2010-09-01 12:15:55 | Source: Novinite.com
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