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Legal News Real-life House on Pooh Corner up for sale May 16 2012 1:14PM The real-life House on Pooh Corner is now up for sale. The home of Christopher Robin Milne, son of Winnie the Pooh author A.A. Milne, was placed on the market for the first time in 40 years this week. New bill sets Turkey property ready to roast May 14 2012 2:49PM The temperature of Turkey's property market was turned up this week as the Turkish government passed a draft bill that allows more foreigners to invest in the country's real estate. The law, which also increases the amount of real estate a foreigner can own, is expected to prompt a gold rush of buyers from the Middle East and EU, with some agents predicting that investment will double to $5 billion each year. Spain's bailout: Have we finally reached the bottom? May 10 2012 3:14PM The chairman of Spain's third-largest bank, which holds €31.7bn of real estate, resigned this week, prompting speculation that the government will use €10bn to bail out the financial institution. But Spanish banks are also accused of over-valuing the property on their books. With property prices already thought to be lower than the official figures, how low can they go? Landlords "relieved" that squatting is a criminal offence May 10 2012 11:38AM Landlords are "relieved" that squatting is soon to be a criminal offence in the UK. In a statement issued by the Landlord Syndicate this week, the support centre welcomed the news that squatters will face up to a £5,000 fine and a six-month prison sentence from 1st September 2012. Forget Spain: Go to Romania, say experts May 9 2012 11:36AM Investors are tipped to try Romania instead of Spain this year by property experts. US real estate feels the Facebook effect May 8 2012 2:41PM The "Facebook effect" has been felt by many things. After Mark Zuckerberg's social network acquired Instagram for $1 billion, it rocketed to the top of Apple's App Store rankings. In California, Facebook caused donor registrations to increase by 800 per cent. Now, real estate has joined the list, as Facebook employees push Palo Alto's market into a mini-property boom. French elections mean business as usual for British buyers May 8 2012 1:56PM The battle between François Hollande, the Socialist challenger to the incumbent French President Nicolas Sarkozy finally came to a head last Sunday at the 2012 French Presidential elections with Hollande emerging triumphant. Government announces crackdown on "beds in sheds" landlords May 4 2012 10:50AM While someone in London is selling a super-shed that is more expensive than most UK houses, the government has set up a national taskforce to crack down on "beds in sheds" landlords who are harbouring illegal immigrants. Faking it: Italy's flourishing market May 3 2012 3:35PM Italy may be struggling against a deficit of several million euros but in some markets, the country has never had more money. 550,000 fake euros are printed in the Campania region every year - 69% of the total number of fraudulent bills seized by European banks. Some immigrants from Africa and Latin America even use the counterfeit money to buy property. 1 in 10 Brits consider home insurance fraud May 2 2012 12:11PM One in 10 Brits would consider home insurance fraud, according to MoneySupermarket.com.

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