2009 will be crunch time for Middle East property markets

The property bubble in the Middle East is bursting and is unlikely to show signs of recovery for at least two years, according to a British real estate expert.

Over half Dubai real estate agents made no sales in last month

Many real estate agents in Dubai have not sold a single property in the last month as the property downturn continues, according to a survey.

UK property rents fall as market flooded by unsold homes

Residential property rents in the UK have dropped as failed sellers flood the lettings market with unsellable properties, according to the latest figures.

Tenth Spanish developer goes into administration

Another major developer in Spain has filed for administration after failing to meet debt payments, making it the tenth property company to face financial difficulties.