New Small Town House Near River - ID 3083

Michael Lynn Ordered To Pay Back 1.3m Euro 14/03/2008
Ill-famed solicitor Michael Lynn was ordered on February 25 to repay loans amounting to 1.3 million euro that he used to buy four apartments for investment purposes, the Irish Independent daily reported. A High Court judge’s ruling came after the National Irish Bank (NIB) lodged a claim with Lynn. Justice Peter Kelly received the High Court’s order in Lynn's absence. When his name was called at the Commercial Court, no one stepped up to act on his behalf. Justice Kelly said that NIB's claim for damages against Lynn was unsubstantiated because another solicitor, Fiona McAleenan, was the one facing the charge. The proceedings by NIB arise from a 20-year loan agreement of February 21, 2007 under which it agreed to lend Lynn 1.338 million euro to assist in the purchase of four... more

Property Market In Bulgarias Danube Region Static 26/08/2008
Fewer property deals have been finalised in the Danube cities of Rousse, Vidin and Silistra since the beginning of the year, according to local real estate agencies, as quoted by website investor.bg.Supply exceeding demand, unfavourable credit terms and overpriced offers are among the factors responsible for the stagnant market, according to agencies.In Vidin, real estate prices have increased by between 10 and 15 per cent and the average price of residential property is 500 euro a sq m. According to the local agency Erastroi, the most desirable properties are three and four-bedroom apartments sized 80-120 sq m.Previous reports had indicated that prices in Rousse have seen considerable hikes. However, in Rousse supply is also greater than demand. Prices vary between 900 and 1100 sq m... more