World News

Precious paintings

George Osborne has set out plans requiring the government to operate an overall budget surplus in normal times, as he held out the hope that Britain will become the richest country in the G7 industrialised group of nations by the 2030s.

Nomura tells clients to slash financial exposure to the UK and brace for a possible collapse of the pound

Not all hotels live up to the same standards when it comes to cleanliness.

Vietnamese hoteliers are seeking alternative strategies to cope with the falling number of Chinese tourists due to recent tensions in the East Sea.

The past few years have been sobering for global property. Falling house prices have torpedoed buy-to-let markets all over the world. But millions of Britons are still tempted by the dream of buying a property in the sun, spending their holidays there and converting it into a nice little earner in their old age. Sinking hard cash into an overseas property always comes with risks. Yet there are a number of destinations where investing now looks far more attractive than 12 months ago.

According to the California Association of Realtors ('C.A.R.'), the combination of continued price increases and relatively higher interest rates during the first quarter of 2014 led to decreased housing affordability in all regions of California.

According to the Las Vegas Association of Realtors (GLVAR), on the heels of steady appreciation since early 2012, local Las Vegas home prices dipped slightly from March to April 2014.

According to the Mortgage Bankers Association's latest Builder Application Survey (BAS) for March 2014, mortgage applications for new home purchases in the U.S. increased by 5 percent relative to the previous month.

President Barack Obama took the stage in a Phoenix high school yesterday to endorse bipartisan legislation that would "end Fannie [Mae] and Freddie [Mac] as we know them," a move that could have long term ramifications for homebuyers.