Europe’s tech industry seems to have found base in East London, or at least that’s how the UK government plans on selling London’s newly expanded Tech City district. The Silicon Roundabout has been stretched out to accommodate a growing number of start-ups and other tech firms, with the government pledging even more support to help attract new talent and add to the areas twitter-happy conversation. While some welcome the attention, others dread overexposure. As industry bigwigs such as Google and Groupon move-in, locals worry that restrictive property prices might soon follow. Either way, Tech City is buzzing, and these are the ten most rambunctious techies on the block.

1. whosampled

whosampled offers users a unique music listening experience where the sites members are allowed to share and discuss different music samples, and covers by their favorite artists. The company prides its vast database, which it describes as detailing the genesis of music through the ages. whosampled is here in Tech City to benefit from the areas budding music scene, and also to connect with fellow entrepreneurs.

Image via whosampled

2. FundApps

FundApps is bringing its next generation cloud-based software solutions to the painfully jaded financial sector. The company is headquartered in Tech City due its proximity to London’s financial district, and because of the areas low-cost renting options.

3. Squadify

Squadify is an online community for people who are always ready to play. It’s the playground where no one ever has to go home, there’s always one person who’ll be up for a quick set (or three!). Founders Nick Casey and Andy Davey chose Tech Hub as their base due to its vast transport network, and the endless networking opportunities on offer.

4. PickLive

PickLive is a social gaming platform centered on fantasy football. The company’s decision to locate in Tech City came naturally; the atmosphere and people seemed like the perfect fit for this fast growing enterprise.

5. Twileshare

Twileshare is exactly what you think it to be; a file-sharing program built around twitter. Its reason to set-up shop in Tech City? Networking, possibility of collaborations, and the food.

6. 8fold

8fold is a company geared towards helping its clients position themselves more effectively in the virtual universe, be it social media or other interactive software solutions, 8fold deals with all. Founder Sinead MacManus says moving to the Tech City neighborhood wasn’t a conscious decision, she just liked the community feel of the place.

7. PeerIndex

PeerIndex ranks your social capital. It screens out the smart from the greater Internet population, and does so on the basis of the kind of data you are sharing. The company is at Tech City because everybody else is too.

8. 33Seconds

33Seconds offers PR services for tech companies, and also specializes in social media marketing and strategy building. They decided on Tech City because of the overall excitement in the region, and believe the area to be the heart of Euro Tech.

9. WorkSnug

WorkSnug helps knowledge-based, self-reliant workers find snug coffee shops to function as their workspace for the day. The tech firm is snuggled up in Tech City by default as founder Richard Leyland lives in the East London neighborhood.

10. Red Leader

Red Leader is a design studio that specializes in fashioning websites, apps, and social media marketing campaigns. The company is stationed in Tech City because of the inspiration the place engenders.

It’s just a really cool place to be in. With lots of buzz.

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This Post is from: Overseas Property Mall, part of Fuzz One Media Group

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“I’m really worried about the small- and medium-sized banks whose business is 100 percent in Spain and based on real- estate growth, Pablo Cantos, managing partner of Madrid-based MaC Group, said in an interview. “I foresee Spain will be left with just four large banks.”

According to the bank of Spain, the beleaguered Spanish banks are also holding about 150 million Euros worth of bad loans, out of a total 300 million. This is after new rules last year forced banks to hold more reserves against any property taken onto its books, with the hope that this would incentivise their selling the properties rather than holding them until the market recovers.

The trouble being that there is no such incentive to buying the stuff. According to Cantos unfinished residential units, and land “in the middle of nowhere” will likely take as long as 40 years to sell.

Land in some parts of Spain is literally worthless, said Fernando Rodriguez de Acuna Martinez, a consultant at Madrid- based adviser R.R. de Acuna & Asociados.

“If there were to be a proper mark to market of real estate assets, every Spanish domestic bank would need additional capital,” said Daragh Quinn, an analyst at Nomura Holdings Inc. in Madrid, in a telephone interview.

However, according to Cantos this is largely down to the “enormous” gap between the prices banks are marketing properties at, and what investors feel they are worth/are willing to pay. This is an especially big problem in preventing the same of big portfolios said Cantos.

“Banks have already provisioned for a 30 percent loss, but if you are selling at 70 percent discount, you have to take another 40 percent loss. Which small and medium size banks can take such a hit?”

It is not only hard to see a path to recovery for the Spanish property market, it is hard to miss the fact that things are getting worse instead of better, and this looks set to continue. We all know that Italy has become the latest EU country to look like needing a bailout, but less common knowledge is the fact that Spain’s borrowing costs recently touched upon the 7% level that has marked the need for bailout money in all that have gone before it.

In terms of government debt, at 71% of GDP Spain has a much smaller problem than Italy with 120% of GDP, but when you bring in government debts, corporate debts, financial institution debts, and household debts it is Spain that looks like the burro about to keel.

When crisis struck Spanish businesses responded by taking on more debt, especially in the property and utility sectors. Household debt rose to 82% of GDP, financial debt rose to 76% of GDP, and as we know government debt rose to 71% of GDP.

Meanwhile the Italian private sector is in good shape with respect to its indebtedness. Italian business debt it at 81% of GDP, and household debt is at just 45% of GDP. So Italy’s total indebtedness at the end of last year was 313%, some 50 percentage points less than Spain’s. The fact that both their financial sectors are in debt to the tune of around the same 76% of GDP likely explains why both are in the same boiling pot where borrowing costs are concerned.

Back to Spain, 22% of the Spanish working population is unemployed, and the newly elected government must find a way to create jobs for them, while bringing down this massive debt burden. A report in the property press this week talked of hopes for a swift stimulus package for the property and tourism industries — fat chance.

This Post is from: Overseas Property Mall, part of Fuzz One Media Group

Spanish Banks Stuck with €30bn in Unsellable Property

The latest reason being given for the family’s failure to move into their home with its cinemas, helipads and crystal chandeliered ballroom is that it doesn’t have enough eastern facing windows. The reports say that the family fears living in the building would plunge them into a curse of bad luck, for not adhering to the principles of Vastu Shastra – a Hindu variant of Feng Shui. That is unbelievable.

No, really, it is. Ambani’s insistence on Feng Shui throughout the architectural consultations is no secret, so surely this would have been picked up then. And that is not the only reason to smell a rat either.

It is funny that we would be hearing this rumour about why the family hasn’t moved in yet, just shortly after reports emerged that the land the building sits on was sold illegally, and is therefore actually still owned by a minority group who had earmarked the land for construction of a school for the underprivileged. Speaking of smelling rats, and the underprivileged, this isn’t the first time anger has been voiced about this development.

The site is surrounded by shanty towns, street beggars, open sewers and ultimately poverty killing people while the lavish building sits empty. Looking at the comments on the latest stories, like those that went before, such a lavish display of wealth in a country that is still receiving billions of dollars in international aid (including £600 million per year from the UK) has been making people angry since construction began. This of course made worse by the waste we now see.   Whatever the reason for the family not moving in yet, let us hope that Ambani sees sense soon, knocks down the building and builds a school for the underprivileged. Heck, let’s hope he throws in a hospital as well.

Photos of the Interior

This Post is from: Overseas Property Mall, part of Fuzz One Media Group

World’s Most Expensive Family House – Antilia (Mumbai) Lays Empty! Now the World’s Biggest Waste

The global property markets are imploding, and fast. The strain that first found its footing in the U.S has now truly gone viral. From Dubai to Denmark, developers have been left reeling, while national exchequers struggle to hold ground. So, how did the housing market bring the greater world economy to its knees? What could have possibly happened that real estate the world over saw $5.4 trillion in losses over the course of one single year alone (2008-2009)? We here present a simple, 8-point lowdown on what really got that demolition ball rolling.

1. There’s a reason why it’s called a debt-fueled crisis

When credit flows run deep and wide, even the U.S. subprime are fair game. As interest rates were contrived to be at unreasonably low levels, the most coveted of properties now seemed to be within the average mans checking account. With more buyers thronging the market, prices soared, and real estate seemed like the cheapest way to make a quick buck (or many!). The home flipping soon ensued, and as bidding wars got heated, speculation ran rife, causing the so-called housing bubble to finally take shape.

2. Hysteria takes over

According to Robert Schiller; one of the telltale signs of an emerging bubble is the great enthusiasm with which the public receives news of compounding prices. The same held true here; the markets unfaltering ascent almost blinded people into thinking that a reversal of fortunes was only something that happened in movies. Even smart buyers were lured into the mix believing that soon prices shall become too restrictive for them to realize their dream of homeownership.

3. Bad assets packaged as safe bets

High on financial innovation and confident that non-stop gains in property values would not even deter the unemployed from servicing mortgage payments, banks practically handed out wads of cash to visibly distressed borrowers. With no down payments or spotty credit histories to worry about, buyers rushed to cash in on their ever-growing equities, sometimes taking out two-three loans on the same property.

4. Listings are big money

U.S. realtors make bank every time a home is sold, the higher the price, the larger their profits. So, as prices began to peak, real estate agents saw to negotiate the biggest bids, whereby driving offers even further. Prospective buyers were made to raise their bottom line several times with promises of investments being foolproof and immune to any decline.

5. Buy goes the telly

The real estate sector is a huge buyer of ad-space, and during the boom leading industry professionals such as developers and mortgage companies, regularly funneled in millions in advertising to keep the buying frenzy going.

6. Big profits attract big fraud

As lending practices became more questionable, a number of fraudulent mortgage vendors set up shop, and practically flooded the market with non-existent buyers. Forged signatures, and illegally acquired personal information were used to close deals to rake in additional profits at the expense of unsuspecting homeowners.

7. Prime equity does not mean prime income

Those investors looking to rent out newly bought homes were soon disappointed upon finding that rental incomes fell far short of their monthly mortgage payment. As more and more buyers woke up to this realization, demand cooled off (and then dried out completely) as the bubble was dealt with hefty blows.

8. Foreclosures spell death

With homeowners defaulting at record rates, foreclosed houses flooded the market, deeply upsetting the prevalent pricing structure. Buyers took heed and began to head out in droves. The bubble was now set to rupture.

Photo Credits: zzub nik via Flickr

This Post is from: Overseas Property Mall, part of Fuzz One Media Group

Why Did America’s Property Bubble Burst? Here Are 8 Reasons…

In the aftermath of the global financial fallout, U.K. banks have been reluctant to service the housing market, shutting out both owners and developers from obtaining necessary financing. The resulting inactivity is said to be holding the greater economy from recovery, and keeping Brits from realising their dreams of homeownership. The government’s offer to team up with builders and indemnify lenders against any losses is expected to ease up credit flows, coaxing banks to provide mortgages at 95% LTV a proposition they’ve largely shied away from ever since the world economy went bust (presently lenders insist on offering mortgages at a somewhat restrictive LTV ratio of 75%-90%).

The demand for housing in Britain is expected to grow at a rate of 232,000 homes/year, of which only 100,000 are being built at present. The £400 million in planned funding is intended to get developers to start working on new projects, and complete those that remain unfinished. Lack of building has cost the British economy dearly (accounting for nearly 20% of last years economic drag), and the government foresees the creation of many long-lasting employment prospects once construction efforts recommence.

Cameron’s other two propositions related to social housing are extensions of already in place, largely ineffective policies. Those currently residing in subsidised social housing would be given first-preference, and offered the opportunity to buy their present dwellings at 50% off market value. Bought homes, which no longer form a part of public housing, would then be replaced with newly built units to keep the welfare property stock at balance. The fact remains that the public will be made to spend much larger amounts to replace these sold-off units, a theory that seems at odds with the governments current austerity drive. If further cuts are instituted down the line, and construction of new welfare units becomes unsustainable, then what shall become of that segment of the population that desperately depends on social housing for survival?

The plan has largely failed to excite the markets; developers are hopeful, but their dipping share prices say otherwise. Critics want the government to do more to strengthen fundamentals, and create actual demand to help lift the property market out of the red. The Tories, however, have begun to accept one reality, the buy-to-let phenomenon is here to stay, at least for the time being; and if homeownership can’t be guaranteed, affordable renting options should.

Photo Credits: Lars Plougmann via Flickr & No 10 on Flickr

This Post is from: Overseas Property Mall, part of Fuzz One Media Group

Cameron’s New Housing Bid: Lend, Build, and Repeat

We already reported on how UAE’s thriving aviation industry is helping the region keep out of trouble, and now apparently it’s even flown in to revive those flat lining property markets. Rental specialists, Campaya, just cited Dubai as this holiday season’s go-to destination of choice, reporting a marked uptick in demand for rentals in the city. Thanks to the ongoing slump, prime realty is going for lowly prices. Other popular hotspots include, Egypt, the Caribbean, and Madeira – so much for a white Christmas.

Ireland

Ireland can’t seem to catch any of that holiday cheer. House prices continued to fall at record rates, and are now 45% of what they were during the boom. Apartments were hit the hardest, while residential properties saw a 13.8% decline in equity. As foreclosures persist, prices are expected to dip even further.

Chile

The Chilean property market, however, is overflowing with joy. Rising incomes have bolstered demand for luxury living, and prospects look upbeat as more people turn to housing for security against an expectedly crisis-ridden 2012.

Brazilians in Florida

Chiles neighbour and long-time ally, Brazil, is using its good fortunes to lift spirits up north. Brazilians are rocking Miami and buying up a storm, paying cash for $200,000 luxury condos, rejoicing on the backs of a strong currency. Florida shines on, but one real (R$) misstep, and the floodgates could reopen.

Canada

In Canada, the mood remained upbeat. Alberta residents in particular took seriously to building, as housing starts in the province rose against national convention. The oil rich region attracted interest from all over as more Canadians moved to Alberta to benefit from its booming natural resource industry. As jobs here open up, migration is expected to rise, and demand for housing swell further.

Meanwhile, the construction frenzy in Montreal is said to die down as developers wake up to market realities. Experts believe new units will remain vacant as mortgage rates rise in 2013 – right around the time these developments go on sale. The worsening global economic crisis is said to somewhat slow down the presently resilient national economy as a whole.

China

The Chinese might be able to offer some respite. Chinas nouveau rich has begun to invest heavily in assets abroad (to the tune of around $1.57m), buying large-ticket items in exchange for investor visas and quality living for their families. Education is a big draw for the Chinese, and most of the investment is concentrated in university and college towns. However, high processing costs, rigorous paperwork, and a strengthening Chinese economy could all bring a gradual decline in Chinese emigration.

London & the EU

Increased foreign interest in London realty got property prices soaring; non-UK parties now majorly own the City as it offers good investment prospects, generating greatest worldwide interest for its office properties. Political stability, and the properties’ safe-haven status have got buyers flooding in; while private banks line up to service low-risk, wealthy foreigners. Holdings from the U.S, Asia, and the Middle East are on the rise, while E.U. members struggle. Also, as Spain and Italy are hit hard, Brits hurry to decide whether to sell or stay put. As the euro wavers, urgency mounts; France sticks out as a star investment.

UK Housing

The Tories came out with a new plan to make buying attractive for locals. Mortgages shall now be obtained by putting up a mere 5% in down payments. Additional funds (£400m) will be targeted to encourage building of affordable housing, creating jobs, and jumpstarting the stalled economy.

Property Investing

What else? Canada outshone competition again, and was named the no.1 most desirable investment destination. Selling points: continued capital gains, pristine vistas, and endless options. Hong Kong and Switzerland rounded off the top 3; meanwhile, Kenya made a surprising entry at number 9. Apparently, wildlife resorts and beachfronts trump regional conflicts and terrorist threats.

The Rich & Famous

The week ended as Kirsty Bertarelli took the honors for Britain’ richest woman. The 40-year old singer-songwriter, and wife of pharma mogul Ernesto Bertarelli, is worth an estimated £8 billion. She’s a philanthropist, ex-beauty queen, and can be seen shuttling between her £8m chalet in Gstaad, a £10m chateau in Lake Geneva, and a modest dwelling in Knightsbridge. Yes, the rich really do have it all.

Photo Credits: Luc V. de Zeeuw via Flickr

This Post is from: Overseas Property Mall, part of Fuzz One Media Group

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Meanwhile, the banks seem to be even more cash-strapped than the population itself. The Spanish banking system was an important player in the country’s once robust real estate and construction markets, and still pays deeply for its generous missteps. Out of the total 1.79 trillion euros of outstanding loans that the banks currently hold, 308 billion euros is taken up by real estate, most of which is reportedly as good as gone. Spain’s property boom, much like the rest of the crisis-riddled world, was entirely misguided. Land development were largely concentrated in areas that have no real value; where given the current population trends, demand for units is not expected to materialise any time soon, not in the next 10-years at least. Banks then have a significant chunk of their money holed up in real estate that nobody wants to buy.

Spain’s financial sector was at the receiving end of both bailout funds and increased regulation following the global economic crisis of 2008. The public has coughed up 17.7 billion euros (and counting) to help keep banks out of the red; however, the number of surviving banks stands greatly reduced. Analysts believe that given the central banks increased demands for adequate cushioning; the end count is bound to be even smaller. Small to medium sized banks are expected to virtually go poof, since the majority of their business came from the property market, which now stands largely defunct.

Following the crash, property prices in Spain have witnessed massive downward reductions. Overall, home prices are now 28% lower than what they were in pre-bust days; whereas, land values have taken a hit of around 33%. As joblessness mounts and foreclosures become imminent, banks are expected to add even more real estate to their already overflowing portfolios. It is unlikely that these properties will be turned over anywhere in the near future; banks aren’t willing to unload at washout rates, and buyers refuse to pay stated premiums.

With the last government having largely failed to bring stability to the ongoing crisis, the newly elected popular party vows to not let the decline continue any further. The country’s problems, however, have outgrown its capacity to endure. The European debt crisis, of which Spain is an active participant, is nowhere near resolving itself. The nations industry is at a standstill; the banks’ hesitance (and apparent inability) to lend, coupled with the new leaderships proposed austerity drive can then only prolong this lull. Further, the banking systems present provisioning is based around best-case scenarios, if anything the government might have to pump in more funds to help keep the entire sector from falling under. I say, heads up ECB, another troubled soul comes your way.

Photo Credits: Chris Kimber via Flickr

This Post is from: Overseas Property Mall, part of Fuzz One Media Group

Spanish Banks UNABLE to Sell Toxic Real Estate Assets

The drop in housing rates can be witnessed throughout the Chinese expanse, from large, major cities such as Shanghai and Beijing (here rates fell another 0.3% over a single month alone), to the relatively less populated second and third-tier ones. The country has instituted a series of regulations, whereby raising interest rates, and introducing local restrictions under which only those city residents who have been paying district or city taxes for a certain period of time are allowed to purchase housing in the said locality; these moves it intends would help take some pressure off of the overheated property market.

Discounted prices, however, have resulted in a flurry of buying, speculative and otherwise. Housing units in many developments are now priced at rates akin to those last seen in 2009. Developers have been forced to sell properties at throwaway rates; certain newly furnished apartments went for less than what the other, older houses in the locality were presently valued at. Major developers have seen their profits dip, and shares slide; raising fears that if the current trend continues, a shortage of adequate housing would soon develop, whereby triggering further unrest.

These falling prices also carry a strong implication for the greater world economy. The Chinese are the major buyers of machinery, and other housing-related (raw) materials from markets as far and wide as Japan, Australia, and Latin America. Local manufacturers are already citing worrying drops in demands for construction equipment, and doubt that they’ll be able to meet annual sales targets. The contagion shall then surely pass onto other markets whose growths are primarily fueled by exports, of which China constitutes a lion’s share.

This overarching influence of the Chinese property market then leads analysts to believe that such downward revisions in housing prices may not be allowed to continue for long. Persistent deductions in prices at various developments have already irked many buyers, and sparked protests as homeowners see their treasured equity vaporize at an increasing rate. The Premier, however, seems adamant to see these so-called corrections through; and given the track record of Chinese officials, a policy reversal might be somewhat of a long shot. Regardless of the status quo, developers, both local and foreign, remain upbeat about the long-term potential of the Chinese property market. They trust that once interest rates start to fall to reasonable levels sometime next year, the market will reveal its actual value, and prices will soar again. The Chinese housing market will eventually stage a comeback since the present state of affairs too is somewhat of a show; artificially orchestrated, well put-on.

Photo credits: Dale via Flickr

This Post is from: Overseas Property Mall, part of Fuzz One Media Group

China’s Falling House Prices

The state has previously used its property markets as a launching pad for its non-oil driven growth prospects, but the debt-fueled boom of 2007-2008 threw a proverbial wrench into that design, and the entire plan truly went bust. Since the golden days of yore (mid-2008), property prices in the region have fallen by more than 80%; however, Dubai properties took the greatest beating due to their increased foreign exposure (here sales have fallen by more than 70%, while 60% of total property value was washed off following the financial crisis). Experts believe this decline to persist as more projects near completion, and the market is further inundated with housing that will scarcely fetch the starry prices which developers originally foresaw.

In contrast to the property sector, the UAE airline industry is gaining continued momentum. While property developers in Abu Dhabi halt projects, and lay off workers; the capitals airport keeps building. The Abu Dhabi International Airport (ADIA) is said to add a Midfield Air Terminal to its current facilities in order to eventually accommodate an estimated 47 million passengers per annum. Its designated carrier, Etihad Airways, presently holds a fleet of 62 planes, and has ordered an additional 100 during the just concluded Dubai Air Show. The popularity and outreach of the airline has resulted in increasing airport traffic at ADIA by 19.7% from 2006 till present, which is further expected to build on current numbers at an average rate of 1.5% per annum. The terminal is in addition to the already continuing redevelopment taking place at AIDA, which in itself is expected to increase the facility’s ability to handle at least 20million passengers once finished.

The Emirati states have been able to attract a growing number of tourists to their ports regardless of the sustained lull in global financial markets, and the precarious political situation in the Middle East. The UAE offers a strategic pathway to the coveted markets of China and India; the authorities realize that with time demand for its routes will only rise as its two star carriers Emirates and Etihad continue to expand outreach and passengers swell. Infrastructural and capacity building is thus ongoing at full speed, with the Abu Dhabi government alone pledging to inject $500million dollars into its tourism and industry in order to better position the capital as a global player in the aviation industry, and in effect increase its non-oil sectors GDP contribution from the present 41% to an estimated 64% of total receipts.

The Sheikhs for the first time are not channeling their energy and resources into developing behemoth structures that only feed their fancies, but are instead setting off to exploit another actual untapped gift of natures – their states strategic positioning on the world map. Given UAE’s abundant oil reserves, the fortunes of its citizens will surely proceed to grow; as it is the economy expands by 3.8% this year (vs. 1.4% in 2010). From where we stand, the airline industry will easily airlift the Emirates out of the current global gloom, and once recovery begins offshore, it will also fly in more investment back home.

Photo credits: Griffiths via Flickr

This Post is from: Overseas Property Mall, part of Fuzz One Media Group

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A little digging into the operations of the Canadian economy in general, and the housing market in particular; and one comes off even more troubled than before. The global demand for the country’s produce (i.e. Crude Oil, Natural Gas and Automobiles) have only grown; its lenders adhere to (and honor) a stricter set of regulations, and the government’s efforts to stabilize the economy have been lauded rather than ridiculed. The country might be singled out as an exception, but the only exceptional thing it has done is keep the risky borrowers out of the greater market. If you can’t afford that C$1 million property in the desirable downtown Toronto district of your choosing, banks don’t approve your mortgage. Even during the recklessly fueled housing boom of simpler times (circa 2007) the number of homeowners in Canada with loan-to-value ratios (LTV) of 80% or greater was negligible as opposed to those in America, and the Great Britain. Regardless of these so-called market deterrents, Canadians’ demand for housing witnessed sustained growth, and house prices still remain high.

Another striking element of this very peculiar Canadian experience is the electorate’s unconventional response to their leaders. The authorities have made adequate downward revisions in interest rates, and the population has oddly responded by showing buyers confidence. Immigration too has an interesting role to play. As per recent reporting, the Chinese contingent has been instrumental in stoking house prices in certain Canadian cities. This coupled with the government’s unrelenting funding of public works, and other social service programs (read, welfare) has resulted in adding to the desirability factor of localities, whereby generating even more buyer interest.

Analysts, however, don’t consider the Canadian economy to be able to perpetually weather these troubling financial winds from offshore. This confounding growth they believe will peter out; although, a virulent recession does not feature on the forecast. The current price pattern is consistent with Canada’s national 10-year average. The house prices are rising, but less aggressively so, thus, those of you hoping that the now ubiquitous crash is imminent might be in for yet another surprise.  What is worrisome though is the potential effect of a sudden increase in the now affordable rate of interest. Canadians too have been observed to be spending a little more extravagantly; resembling their ailing neighbors in the amount of debt they’re accruing. If this trend is allowed to continue, even a slight increase in rates could spell trouble for homeowners. Then again, the Bank of Canada (BOC) has avowed to do whatever it takes to avert crisis, and do right by its people. The insanity never ends.

Image Courtesy: H.R. Hatfield @ Flickr

This Post is from: Overseas Property Mall, part of Fuzz One Media Group

Canadian Housing Market Refusing to Stall