Page 7 - Property Bubble News Today

people were killed and 30 wounded when a car bomb was blown up at an outdoor village market, 75 kilometers north of bagdad. in a separate incident, seven people were killed when a gunman struck a town. when he meets with the eu foreign ministers thursday, hague shutdown the embassy and expelled diplomats in response to an attack on demonstrators on tuesday. he says iran should be ashamed of failing to protect britains interest. today is the 24th annual world aids day. people, organiz...

Its pumped up partly by a massive property boom. in some chinese cities housing prices tripled in five years. >> in kangbashar, the property bubble popped. one sent his live savings on the flat. now its fallen in value by 20% since the beginning of the year. but he still cant believe the good times will ever end. >> i didnt have very much money when i bought this, so its a bit small. now id like to buy a new one, a bigger one that will be much more comfortable. >> they are not used to downturns ...

The city is spookily silent. there is no industry in kabashur, no real reason to live here. just a property bubble that encouraged a frenzy of investment in second homes that now lie empty. >> built for a million people, only 20,000 have moved in. kabayshur deserted roads make it feel like even less. the only people around seem to be street sweepers. >> its a bit weird here. but its still early days. >> it might get better later on if more people move here. >> they call this is a ghost city. the...

The city is spookily silent. there is no industry in kabashur, no real reason to live here. just a property bubble that encouraged a frenzy of investment in second homes that now lie empty. >> built for a million people, only 20,000 have moved in. kabayshur deserted roads make it feel like even less. the only people around seem to be street sweepers. >> its a bit weird here. but its still early days. >> it might get better later on if more people move here. >> they call this is a ghost city. the...

Its pumped up partly by a massive property boom. in some chinese cities housing prices tripled in five years. >> in kangbashar, the property bubble popped. one sent his live savings on the flat. now its fallen in value by 20% since the beginning of the year. but he still cant believe the good times will ever end. >> i didnt have very much money when i bought this, so its a bit small. now id like to buy a new one, a bigger one that will be much more comfortab. >> they are not used to downturns in...

horn of africa. the united nations says it has received half of the $2.5 billion it needs to tackle the crisis. china says it is slowing down its bullet trains and stopping new construction because of an accident that killed last month that killed at least 40 people. the accident was blamed on design flaws on equipment. and syrian troop -- efforts are growing to end the crackdown. under scored the urgency of the situation there. those are the top stories from cnn, the world news le...

All of the uks exports. and 1 % of irish exports are actually sold to britain. that just illustrates the reciprocal relationship here. facing a three-year decline following a property market crash and banking crisis, ireland, of course, as we all know is mired in debt and its also the recipient of a european bailout. >> the question is what caused irelands sharp decline? fingers are pointing at the boom that went spectacularly bust, particularly in the housing sector. cnns donna magnate has that...

aftershocks, japan enters recession for a third time in a decade. as industrial output freefalls and consumers hold on to their cash. and the crumbling foundations of a failed property market. well look at the wreckage left behind by irelands housing crisis. facing multiple charges of sexual assault in the united states, the managing director of the international monetary fund has resigned. dominique strauss-kahn tendered his resignation just a few hours ago in a letter to the imf....

Especially with the property bubble going on now the chinese government recognizes this. they have a goal of building 36 million low-income units by the year 2015. how will they do this? and where will they do this? >> well, actually, china needs housing almost everywhere, in any major city and second tier cities. the primary reason is that the -- after the 1998 housing reform there are no more government-subsidized housing anymore. as you can see, in china it takes about 10 to 12 years of gross...

>> yeah. those wall street futures ticking up quite in the last hour or so helping europe there and too late to help asia even though it was a pretty good monday, really, if you look at the nikkei up half of 1%. hong kong down, continued fears of the chinese government doing with the property bubble in china and hurting hong kong property developers, as well. afrart hong kong, it was a fairly good picture across the region this day. just before we go, a quick programming note. you will probably ...