To An Wei, a white-collar migrant worker in Shanghai, China's tax exemption on house purchase and mortgage deposits reduction announced on Wednesday night were a real stimulus for home buying.

After years of soaring real estate prices, the Chinese government now finds itself in the rare position of lowering taxes on the cost of buying a house in China as the domestic property market begins to fall victim to the negative economic trends now affecting the globe.

The lending and global credit crises already have hurt the residential real estate market in Utah by making it more difficult to qualify for home loans. Now it appears the commercial market is headed for its own downturn.

Market experts believes that downturn in stock market has soaked the liquidity from the real estate market. There may be selective buying on the particular strategically located projects but many are watching the political scenario closely.

Russia pledged support to the most leveraged and crisis-hit sectors of the economy on Tuesday, including real estate and retail, sending shares in several of its London-listed firms up sharply.

This article might be entitled that the sharks have figured out where the food is. As has been noted before, groups and syndicates of large well financed investors have and are being assembled to cash in on the over leveraging of credit within the US and elsewhere. The problem is that they cannot and could not figure out where to go.

MANILA, Philippines - The Philippine property industry remains healthy, thanks to robust demand driven by expansion of outsourcing companies and the steady flow of money from overseas Filipinos.

Real estate investors and professionals say financial and real estate markets in the U.S. will hit bottom in 2009 and continue to slump for much of 2010, according to a report released Tuesday by the Urban Land Institute and PricewaterhouseCoopers LLP.

MUMBAI - India's residential prices will fall by 30-35 per cent form the peak, while prices in Mumbai Metropolitan Region will fall by 20-30 per cent, says Centrum Broking.