International Real Estate News

Bulgaria Receives More Tourists

Mon, 14 Jul 2008 11:00:30 +0100

Foreign tourists visiting Bulgaria are up by 16.6% for the first five months of 2008 compared to the same period of 2007. The Chair of Bulgaria's State Agency for Tourism Aneliya Krushkova announced the numbers last week. The new statistics show that Bulgaria’s popularity for international visitors and investors continues to be strong.

Ciovo Croatia A Prime Location

Wed, 9 Jul 2008 08:36:58 +0100

The island of Ciova on the Dalmatian Coast of Croatia is quickly becoming a very hot area for international property investors. The island is 30 kilometers by way of road from Split, the largest city along the coast. It is near to the Split Kastela/Resnick International Airport (SPU), just a 15 minute drive, and has several popular resort areas for tourists.

International Airport For St.Vincent Caribbean

Wed, 9 Jul 2008 08:36:02 +0100

Construction on a new international airport on the island of St. Vincent has recently begun, with plans for completion in 2011. The new US $178 million airport will increase the ability of foreign tourists to fly directly to the 32-island Caribbean country, which is growing in popularity as destination. Along with the new airport, some are calling for increased investment in regional airlines as the larger carriers cut back due to rising fuel prices.

Beaches Draw Brazil Property Buyers

Wed, 9 Jul 2008 08:35:26 +0100

The most recent annual survey commissioned by the Brazilian Ministry of Tourism indicates that most international property investors who buy in the country are attracted to the great beaches and long hours of sunshine each year. Since the beginning of 2007, $646 million US has been invested by foreigners in Brazilian property.

Royal Phuket Marina, International Property Destination

Wed, 9 Jul 2008 08:34:16 +0100

Thailand’s famed resort destination of Phuket now has one of the country’s most unique properties for visitors and buyers, the Royal Phuket Marina. This luxury lifestyle marina is situated on over 30 hectares of seaside land and over half of it is devoted to leisure and shopping facilities, all on the gorgeous and famous Phang Nga Bay.

Spectacular Plans Unveiled in Dubai

Tue, 8 Jul 2008 08:27:41 +0100

Plans for one of the world’s most spectacular urban developments, the Mohammed Bin Rashid Gardens in Dubai, have recently been unveiled. This new green city project will cover over 800 million square feet of land, have four separate centers or houses, and incorporate new homes, educational, financial and commercial facilities as well as tourist attractions. It is being designed by internationally renowned architect Eric Kuhne and will also have more landscaped parkland than London and New York combined.

Spains Costa Esuri Golf Resort Nears Completion

Tue, 8 Jul 2008 08:26:51 +0100

Property investors looking at Spain and its famed Costas have a new development to catch their eyes, the Costa Esuri Golf Resort. Begun in 2003, this massive development in Ayamonte, just a few kilometers from the border with Portugal, covers 6.5 million square meters of land and has 6,000 properties with two 18-hole golf courses.

Asian Travel Awards

Tue, 8 Jul 2008 08:26:22 +0100

The prestigious Asian Travel Awards were awarded at the end of June in Shanghai, with over 100 hotels, airlines, cities and companies taking away top honors. These awards are voted on by thousands of people from travel related businesses around the globe. In attendance at this year’s red carpet ceremonies were a number of high-profile guests, including Miss World, Chinese-born Zi Lin Zhang, and TV star Varun Sharma from BBC World.

Sofia Bulgaria Mayor Holds Up Construction

Fri, 4 Jul 2008 06:54:13 +0100

With construction booming but a bit uncontrolled in Bulgaria’s capital city, Sofia Mayor Boyko Borisov issued a ban on new buildings in the Mladost Quarter for one year. The ban was in response to residents of the district, who complained and protested about the poorly planned and unchecked growth in their part of the city. The mayor’s order includes a ban on issuing new permits in addition to construction, although projects that are currently under way are allowed to continue

Cape Verde Property Market Continues to Shine

Thu, 3 Jul 2008 23:42:42 +0100

According to the Organisation for Economic Co-operation and Development the Cape Verde economy grew by 6.7% in 2007 and predictions have it growing by over 8% for 2008. With major infrastructure developments under way and regulatory initiatives such as the Cape Verde Initiative (CVI), Cape Verde should continue to see strong growth in its property sector as well as overall economy.

Bansko Bulgaria to Host World Cup Ski Races

Thu, 3 Jul 2008 23:41:58 +0100

Bulgaria has become one of Europe’s top holiday and second home locations in recent years, and the latest sporting news should only increase interest in the Eastern European country. The Bulgarian ski resort of Bansko has recently been awarded two World Cup downhill ski races by the Federation Internationale de Ski (FIS) to take place in the upcoming season. Bansko is already the most popular ski area in Bulgaria and this will only increase interest in property and tourism for the area.

Mauritius Property Sold Fast

Mon, 30 Jun 2008 10:39:17 +0100

The UK based overseas property portal Homesgofast.com reports that a development in Mauritius was so popular with foreign buyers that the first phase sold out in less than 30 days. The property development at Pointe Aux Canonniers situated 150m off Mauritius Grand Bay coast has now responded by launching its second phase.

Mauritius Buys British Airways Stake

Fri, 27 Jun 2008 18:04:41 +0100

Mauritius is set to buy the British Airways stake in their national airline after British Airways entered into an agreement to sell its 10.5% share in Air Mauritius for GBP3.2m. The historic moves will see an end to The British carrier’s stake in the company something it has been part of since 1973.

Low Prices Attracting Investors to Egypt

Fri, 27 Jun 2008 16:43:28 +0100

While much of the rest of the world is suffering from high real estate prices and a credit crunch, Egypt is benefiting due to its low property prices. Many UK residents are seeing their money go further in this Middle East country due to the combination of low prices and a good exchange rate. In addition to buyers, developers are noting the interest in Egypt and working to bring more property online quickly. While there are some new Red Sea resorts that are sprouting up, even traditional resorts and cities are seeing a boom.

Sukhumvit is Bangkoks Expat Home

Fri, 27 Jun 2008 16:41:38 +0100

For business people and expats who want a home away from home in Thailand, Bangkok’s Sukhumvit district is the place to be. This area of the capital, located southeast of the busy downtown area, is full of high quality hotels and condominiums. Recent sales figures show that the area is increasing in popularity and value for those who want a home here

International Real Estate Prices Fall

Fri, 27 Jun 2008 16:41:02 +0100

The International real estate price boom that has seen investors heading buying overseas property could be at an end according to the latest Global Property Guide survey of house price indicators. 21 countries in the guide saw decreases in house prices however 13 countries in house price indices saw prices rise during the year to end Q1 2008

The Who's Who of Real Estate Agents at Epex 2008

Thu, 19 Jun 2008 11:24:06 +0100

This years Exclusive Property Show taking place in London looks like a who’s who of the international real estate industry. With names such as Sothebys, Christies and the Ritz Carlton Club in attendance and lead sponsors Financial Times it will be a luxury exhibition like no other.

Brazil is The Place for European Investors

Wed, 18 Jun 2008 07:51:17 +0100

According to international real estate news service Propertywire, there are some 70 million tourists who visit Brazil each year, and about 5% of them want to buy a second home there. In the northeast part of the country, it is estimated that over the next few years there will be 80,000 new properties constructed, both homes and apartments, just for foreign buyers.

Luxury Property & Prizes at Exclusive Property Exhibition

Wed, 18 Jun 2008 07:50:15 +0100

The organisers of EPEX 2008, the Exclusive Property Exhibition, have made an open invitation at this years exhibition where visitors can see what is on offer with absolutely no entrance fee. The event takes place at the National Hall, London Olympia, Saturday 21st and Sunday 22nd June 2008.

Stock Exchange To Be Shopping Centre

Wed, 18 Jun 2008 07:48:29 +0100

The former home of the Budapest Stock Exchange Vörösmarty Square right in the heart of downtown Budapest is going to be remade into a shopping centre and galleria. ORCO Property Group is developing the center, to be called Váci 1, which is being designed by world renowned French architect Christian Biecher in cooperation with the prestigious Hungarian architect office of Kõnig and Wagner.

Property in France Slowing Good Time To Buy

Wed, 18 Jun 2008 07:47:44 +0100

Property prices in France have slowed over the past year, according to new reports from France’s national land agency, Société d’Amenagement Foncier et d’Etablissement Rural, or SAFER and the Federation of Estate Agents, or FNIAM. For all of 2007, prices rose only by 3% across the country, well below the average of 13% for the past 10 years. Apartments and houses both outpaced the commercial property sector, rising by 4.5% and 4.8% for the year, respectively.

Realtors Association & Overseas Buyers in Florida Boost

Wed, 18 Jun 2008 07:47:13 +0100

The Florida Association of Realtors and international real estate portal Homesgofast.com both note positive movements in the Florida property market. The realtors’ associations’ most recent sales report shows that there was an upswing in existing home and condominium sales in April, 2008 over the previous month. 11,200 homes were sold in April, while 3,900 condos were sold during the month. Homesgofast.com report that April saw the most enquiries from its overseas buyers this year. The association figures represent a 20% increase for home sales and a 21.6 increase for condo sales from March, 2008.

Home Prices Drop in the UK

Wed, 18 Jun 2008 07:45:42 +0100

During the month of May, 2008, UK home prices dropped 2.4%, according to a report from Halifax, the nation’s largest mortgage lender. Over the past 12 months, prices have dropped 3.8%, after seeing prices rise substantially for several years. The average home price during May was £184,111. The Nationwide building society found that prices fell 2.5% during May in its latest study on housing.

Antalya Turkey is the Golfers Destination

Wed, 18 Jun 2008 07:42:45 +0100

Antalya Turkey has been recognized as a premium golfing destination by the The International Association of Golf Tour Operators (IAGTO). The global trade organization for golf tourism, annually presents awards for the best resorts and countries for golf throughout the world, and in 2008 Turkey won for the Golf Destination of the Year – Europe. Ali Sahin, Director of Golf, Cornelia Golf Club & IAGTO Turkey Chapter Chairman said: "We are very proud and happy to win this award. The award means we have achieved something because we have worked very hard over the last 10 years. We started off with just one course in Turkey, and now we have 14. Over the next two or three years there will be about 30 courses throughout Turkey."

Less New Homes in UK Being Built

Wed, 18 Jun 2008 07:41:47 +0100

England’s House Builders Association says that only 110,000 new homes are on target to be built for all of 2008, well below Prime Minister Gordon Browne’s goal. Mr. Browne’s announced target for new homes is 240,000 per year by 2016, while current growth levels are projected at approximately 233,000 new households per year. The government’s goal includes having 3 million new homes constructed by 2020.

Jamaica Beachfront Demand is Up

Wed, 18 Jun 2008 07:40:33 +0100

Jamaica has lagged behind many other Caribbean countries in terms of property prices and demand, but that is changing. Prices for beachfront property have been rising over the past several years as demand has increased. The increase has come as hotel companies have also discovered Jamaica and made substantial investments in the Caribbean island.

Russian Millionaire Holiday Homes

Wed, 18 Jun 2008 07:37:49 +0100

The Dacha, a traditional Russian country or holiday home, is making a reappearance in the country as the newly wealthy citizens look for homes outside the capital city of Moscow. As the wealth of many Russians has risen, particularly with surging oil and commodity prices, the desire for homes in gated communities has also risen.

Simon Cowell No X Factor in Beverley Hills

Wed, 11 Jun 2008 09:52:41 +0100

American Idol and X factor judge Simon Cowell has still not moved into his house in Beverley Hills despite having bought the home back in 2006. Even at a price tag of USD$8 million the home was not exactly what the multi millionaire wanted. Mr Cowell demolished the existing luxury home to build his own dream home which today still remains unfinished.

Dubai Pearl is Redesigned and Under Way

Tue, 10 Jun 2008 18:14:36 +0100

The Dubai Pearl, a self-contained living and working city within a city, has been redesigned and is now under construction once again. This project is one of the freehold developments with the Emirate near the coast at the entrance to the Palm Jumeirah Island and is the largest private development within Dubai

Sir Norman Foster Build Island in Moscow

Tue, 10 Jun 2008 18:13:48 +0100

British architect Sir Norman Foster and his firm, Foster + Partners, are working on a new, mixed-use development for Moscow called Crystal Island. When completed, this city within a building will house the largest area within one structure anywhere in the world. It will hold apartments, hotels, an international school, movie theatres, sports complex and more. It is schedule to be completed by 2014 and will sit on the Nagatino Peninsula of the Moscow River, about 7 kilometers from the Kremlin.

Cape Verde Reveals First 6 Star Resort

Mon, 9 Jun 2008 09:44:46 +0100

The emerging property hot spot Cape Verde sees the first true 6 star development on Boa Vista Island the furthest east of the Cape Verde archipelago. Cape Verde which is located, off the horn of Africa, are the closest tropical islands to the UK and are becoming a popular destination for holiday travelers and international real estate investors. The resort at Palm View is one of the world's few 6* resorts and is just 5.5 hours from the UK

Damac Properties Now in Kurdistan

Mon, 9 Jun 2008 09:43:53 +0100

Damac properties global expansion does not seem to be showing signs of slowing. The luxury property developer which started life in Dubai as a catering company announced its newest project in Kurdistan. The first phase of the project in the region will be Tarin Hills Development covering 170 million square feet in Erbil and estimated to cost $4.5 billion. The project will start by the end of this year and will include residential and commercial buildings.

Secret Valley Golf Resort Develops in Cyprus

Mon, 9 Jun 2008 09:43:07 +0100

The Secret Valley Golf Resort is one of the most popular golf clubs on the island of Cyprus and is currently developing itself into a complete holiday resort. Located 18 kilometers east of Paphos, on the western end of the island, the resort is convenient to the city and international airport. It has one of the best courses on the island and will soon have another one to complement it.

Ciovo Croatia offers Prime New Properties

Mon, 9 Jun 2008 09:42:09 +0100

Vancouver The Best Property in Canada

Sat, 31 May 2008 09:37:51 +0100

The Canada Mortgage and Housing Corporation, which serves as the country’s national housing agency, is predicting an 8% increase in home prices for the metro Vancouver area. That’s in comparison to an 11% increase for all of 2007, and will still leave the city with the highest prices in the country. "What we're expecting is a bit of moderation," said Robyn Adamache, senior market analyst with the Canada Mortgage and Housing Corporation. "Prices are going to continue to increase, but at a slower pace than we've seen over the past couple of years." Adamche was quoted in a recent International
As United States and some Canadian real estate markets have been hit by the slowdown in housing sales, Vancouver continues to shine. While things might look to slow a little, prices will still increase and the city in western Canada expects to be doing a brisk business throughout this year and into the foreseeable future.

Plovdiv is Top Draw in Bulgaria

Thu, 29 May 2008 09:55:23 +0100

The central Bulgarian city of Plovdiv is becoming a popular tourist site in one of Eastern Europe’s most popular countries. International visitors and second home purchasers are looking for more and more homes and destinations in this country. In 2007, Bulgaria experienced one of the highest growth rates of tourism in the world, according to Clement Wong, travel and tourism manager for Euromonitor International, a global market research firm. With some of the oldest sites and ruins anywhere in the world, Plovidv has gained a reputation as a history buff’s dream location.
Located 150 kilometers southeast of Sofia, Plovdiz has a population of almost 350,000 residents. It ranks as the second Bulgarian city in population, size and significance, after the capital of Sofia. In addition to being an important cultural, historic and tourist centre, Plovdiv is a regional administrative centre. The location in the center of the country makes it convenient to get to any other part of Bulgaria, all within a half a day’s drive

Property Sales in Thailand on the Rise

Thu, 29 May 2008 09:54:31 +0100

A rise in tourism and international airline flights has helped to increase the sales of property in Thailand, according to a new report. Real estate firm CB Richard Ellis, the nation’s largest international provider, notes that soaring investment in Thai property is, in large part, attributable the popularity of the country as a tourism destination

Vietnam to Permit Foreign Ownership of Apartments

Thu, 29 May 2008 09:53:30 +0100

Vietnam’s National Assembly recently adopted a resolution that permits foreigners who live in the country to purchase apartments. This will aid the country’s real estate market and give a boost to international companies who do business in Vietnam, and particularly their employees who live and work there. Ho Chi Minh City, formerly Saigon, is the main economic and cultural center for the country and it will be affected most directly by the new resolution. There are a number of industrial parks and residential cities in and around the greater metro area, and these will benefit as soon as it goes into affect in the beginning of next year.

Exclusive Exhibition EPEX 2008 Free To Attend

Thu, 29 May 2008 09:52:43 +0100

EPEX 2008, the Exclusive Property Exhibition, is only a few weeks away. Set for 21-22 June, 2008 at Earls Court and Olympia National Hall in London, this is the show for international property investors and sellers. This unique property exhibition is for anyone interested in purchasing premier properties and the latest in luxury home furnishings. Exhibitors are primarily estate agents and brokers with properties all around the globe valued at over £500,000. Best of all the exhibition is free to attend Property agents, realtors and individual owners will all be on hand to display their distinguished real estate and let you know why you should invest in their particular offering. There is no other showcase quite like this, anywhere in the world, where you can find so much high quality property and do your comparisons right there, all in one place.

Tourism in Egypt Growing

Tue, 27 May 2008 18:54:53 +0100

Tourism in Egypt grew by 20% in 2007, according to the United Nations World Tourism Organization (UNWTO). The Middle East, despite continuing turmoil, is one of the strongest tourism markets in the world, according to the report. For all of last year, some 46 million tourists visited the Middle East, and 10 million came to Egypt. The capital city of Cairo and the tourist resorts of Sharm El Sheikh and Hurghada remain among the most popular destinations in the country.

Dubai Real Estate Investor Warning

Sat, 24 May 2008 08:24:55 +0100

The market needs to slow down,” Marwan bin Ghalita, chief executive of Dubai’s Real Estate Regulatory Agency, or Rera, told Zawya Dow Jones in a recent interview. “There are too many speculators and they can hurt the real estate market. Real estate isn’t like the stock market, it’s a long term investment,” he said. “Only in Dubai you see people flipping apartments to make fast money and this isn’t helping the market.”

Good News Its 11 am for the US Housing Market

Tue, 20 May 2008 22:38:50 +0100

I have equated international real estate markets with the times of the day, this came to me as we turned the phones on to the 9am caller. These were the best calls to receive they tend to be motivated buyers so keen they are waiting for your office to open! They have been up all night doing research and have woken with one thing on their minds buying an overseas property

Young British Buy in Bulgaria Rent at Home

Fri, 16 May 2008 10:29:59 +0100

The Bulgarian property market is still buoyant and looks set to grow even further. It seems there is no better time than now to invest in Balkan bricks and mortar. Despite this positive forecast, many first time buyers remain reluctant to actually put down roots in Bulgaria. This could be due to preconceptions about the country which include, fear of the language barrier, its reputation for being a haven for senior citizens and worries about employment prospects. However, before writing off the possibility, younger and first time buyers should consider that there are infinite options open to them in Bulgaria.

Celebrity Restaurants Being Sold Off

Sun, 11 May 2008 07:50:02 +0100

Conrans restaurants feature regularly in gossip magazines and are haunts of the paparazzi as they attract a wealth of celebrity diners. Kate Middleton, the girlfriend of Prince William, was recently seen at Sir Terence's Bluebird restaurant in Chelsea whilst Quaglino's is a regular haunts for wealthy diners.

British Property Millionaires on the Rise

Sun, 11 May 2008 06:58:55 +0100

Britain’s Halifax estate agency undertook research which reveals some surprising results relating to the sale of homes in the UK that have a price tag of 1 million pounds. It showed that the number of million-pound properties sold across the UK had risen by more than a third in 2007

Luxury Property Exhibition Continues to Grow

Wed, 7 May 2008 19:51:18 +0100

EPEX 2008 is the UK’s only showcase for finest real estate in the whole world as well as those who outfit and cater to the buyers of such property. It is becoming so popular that additional display booths had to be arranged for exhibitors, and there are only a few left of these. This annual show and exhibition takes place at Earls Court & Olympia National Hall, in London, 21 - 22 June 2008

Holiday Market Drives Demand for Lanzarote Property

Wed, 7 May 2008 15:53:58 +0100

According to official statistics recently released by Spanish airports operator AENA and the Cabildo de Lanzarote. Lanzarote’s key market – the UK – has played a leading role in this upswing. With British visitor numbers climbing by an impressive 8.7% during the first three months of this year Whilst this upward trend can in part be attributed to Easter falling early in March this year that belies the fact that tourism from the UK had already increased by 16.7% during January and February. Traditionally two of the quietest months in the holiday calendar

Russian Property Investors Love Australian Gold Coast

Sat, 3 May 2008 23:36:02 +0100

Wealthy Russian overseas property investors have been attracted to the Australian Gold Coast and are now the biggest spenders of Australian Gold Coast property. The average investment is a hefty USD$ 550,000 according to research undertaken by property agency DTZ.

Sam Zell Likes Brazil as an Investment

Thu, 1 May 2008 22:03:57 +0100

Billionaire Sam Zell, known for his real estate and media investments, went on record as saying that Brazil is his choice for new investment. At the Milken Institute Global Conference in Los Angeles, Zell said that Brazil will be the next China, according to several news reports including one from Reuters."I'd buy Brazil," Zell told his audience at the Conference. "It has the chance 30 years from now of being a bigger economic power than China." Zell is the chief executive of news and media group The Tribune Company and chairman and president of Equity Group Investments

Foreign Currency Update

Thu, 1 May 2008 14:05:30 +0100

Foreign Currency specialists Halo Financial report that US interest rates were cut, as expected, by 0.25 percent last night as the Federal Reserve moved to increase the availability of cheap money in order to offset the economic downturn. The detail is explored below but the effect has been to weaken the US Dollar against most currencies.

Euro Mediterranean Project To Transform Marseille

Tue, 29 Apr 2008 08:59:43 +0100

The Euro Mediterranean Project is reworking 310 hectares of land in the city centre with the aim of reinvigorating the city as an international destination for businesses, real estate investors and travelers. The area between the centre of Marseille, the commercial port and the TGV mainline railway station is the focus of this development, and it has been declared an "Opération d’Intérêt National,” which is a town planning scheme of interest to the country as a whole and protected by special legal status.

Sam Zell Positive About Brazil Property

Mon, 28 Apr 2008 23:09:42 +0100

Brazilian real estate has again made the headlines as a great place to invest in the property market. This time Brazil receives its seal of approval for investment from the Billionaire real estate and media expert Sam Zell Brazil has been attracting investors to its sunny shores in increasing numbers as it appears to tick all the boxes as the next big place to invest. Overseas property portal Homesgofast.com which has been promoting Brazilian real estate for a number of years has seen how the market has now achieved broader appeal

Bologna Italy Now More Attractive

Mon, 28 Apr 2008 08:08:59 +0100

Investors thinking about buying property in Italy may well turn their focus to Bologna as it receives a huge amount of investment. A recent article in the International Herald Tribune highlights Bologna’s plans for growth and spurring investment. The local agency in charge of promoting investment in the city, Promo Bologna, lists the investments and developments that are currently ongoing and planned for the city.

Emerging Markets Help Overseas Investors Survive

Mon, 28 Apr 2008 08:07:56 +0100

Emerging property markets seem to be offering investors a safe haven for investors according to the overseas property portal Homesgofast.com. The UK based property portal which has been online since 2003 and carries over 60,000 properties notes a trend with its online investors. Determined investors now seek lower priced real estate in countries such as Egypt and Brazil.

London Holds Romanian Property Seminar

Wed, 23 Apr 2008 07:57:45 +0100

Romanian Properties Ltd will be giving a special seminar in London on April 25th 2008 to coincide with the “A place in the Sun Live” exhibition at London ExCel. The seminar will consist of a 80 minute talk with slide show presentations covering some of the best property offers in Romania in the 2 hottest markets there, followed by questions from the floor. The talks are addressed to existing investors, fund managers and first time investors.

Euro Hits Record High Against Dollar

Wed, 23 Apr 2008 07:56:55 +0100

23/04/08-The Euro rose above $1.60 the first time ever in late April. After setting a record of 1.6019 it has settled just under that amount. The British Pound continues to hover around two dollars, which is still high, but not as high as late in 2007 The strong Euro has increased calls from European countries for the European Central Bank (ECB) to relax monetary policy and pursue a more growth oriented strategy. Germany, however, has resisted such calls, which have come primarily from newly elected Italian Prime Minister Silvio Berlusconi and French President Nicolas Sarcozy.

New Flights to Dubai

Wed, 23 Apr 2008 07:55:44 +0100

Two international airlines recently announced new service to Dubai and Abu Dhabi, increasing the emirates’ attractiveness as an international destination for businesspeople, holiday travelers and international real estate investors. Germany’s Lufthansa Airlines, which already flies to Dubai daily from Frankfurt, announced new service from Munich. Additionally, Indian carrier Jet Airways announced flights to Abu Dhabi from Mumbai and Delhi, and is in negotiations to fly directly to Dubai.

Sports City Takes Shape in Dubai

Wed, 23 Apr 2008 07:54:32 +0100

One of Dubai’s premier developments is coming together, with several new facilities recently completed and more on the way. Dubai Sports City, covering 50 million square feet, is the world’s first purpose built sports city. The showpiece golf course, and 18-hole championship course designed by Ernie Els, recently opened, and other facilities are nearing completion.

Bank of Canada Cuts Interest Rates

Wed, 23 Apr 2008 07:53:36 +0100

23rd April, 2008 -The Bank of Canada cut its interest rate by half a point to 3% whilst noting that further cuts might be necessary. The slowdown in the United States, which is Canada's largest trading partner, has begun to affect the Canadian economy. This has helped to spur the Canadian central bank to make these cuts.

Lottery Winner Gets Council House

Wed, 23 Apr 2008 07:52:32 +0100

Scotland’s biggest lottery jackpot winner John McGuiness has spent more than his £10 million winnings and is facing eviction from his luxury home. The Scottish Sunday Mail reveals that an eviction hearing will be held on Tuesday. It also reports that the South Lanarkshire council have identified a two bedroom council house in the town of Netherburn, near Larkhall, for McGuinness and his family.

New Flights to Turkey

Wed, 23 Apr 2008 07:50:58 +0100

British Airways announced a new route addition to their schedule. They have begun operating flights from London Gatwick direct to Antalya International Airport (AYT) along the Mediterranean coast of Turkey. Currently, these flights operate on Tuesdays, Thursdays and Sundays and are scheduled to run in both the summer and winter. These new flights will help travelers, holiday goers and those with overseas property get to the destination much faster.

Arizona Real Estate Good & Bad Messages

Thu, 17 Apr 2008 08:58:19 +0100

The Arizona real estate market is sending out mixed messages to international investors considering buying property in the region. The market reports an increase in sales in the condo resale sector whilst at the same time a bank that has expanding into the area records big losses due to the slump in real estate sales. Despite a troubled housing market in the United States, the low price (< $200,000) condominiums in the Arizona southeast Valley is keeping sales strong. According to data compiled by Arizona State University, resale condos are going quicker than resold single-family homes, and a 40% increase in sales for resold housing was seen in February, up 21% from this time last year <

British Builders Caught Cheating

Thu, 17 Apr 2008 08:57:17 +0100

The Uk Office of Fair Trading has uncovered systematic price fixing and seemingly corrupt practices in tendering for large building projects. The firms accused by the government watchdog include some of the biggest construction companies in the UK including Balfour Beatty and Carillion.
The Office of Fair Trading investigation is believed to be one of its biggest and reveals practices that could have cost UK tax payers billions over the last few years. The OFT has been met with a 'hands up' from over 40 firms who have already admitted the charges

Sterling following UK house prices down

Wed, 16 Apr 2008 21:15:52 +0100

Moneycorp the foreign currency specialists report that house prices influenced Sterling yet again. This time is was the Halifax reporting a 2.5 per cent fall between February and March. Like the Nationwide two week ago, HBOS referred to the massive rise in house prices over the last ten years; 171 per cent they reckon. Also in common with Nationwide, HBOS omitted to expand on that observation. They could have been pointing out that the "modest (low single digit)" decline they expect this year will be a mere gnat-bite on the gains made previously. Or they could have been drawing attention to a price bubble. We were left to guess.

Live Auctions of Florida Property With No Reserve

Wed, 16 Apr 2008 20:39:59 +0100

Following the recent success of January’s live Absolute Auction, another auction is to be held this month by Stirling Sotheby’s International Realty in association with The British Homes Group. A top Florida Developer is putting scores of properties on the auction market with no reserve prices and no minimum. The luxury apartments on a development in a fantastic location in Florida will be sold to the highest bidder –however low that bid might be. The next sale will start at 11am on April 19th when Stirling Sotheby’s International Realty, in association with The British Homes Group, will hold a live Absolute Auction on the premises at The Residences at Turnbull Bay located on New Smyrna Beach on Florida’s east coast. Twenty-five ‘maintenance free’ Town Houses – 2 bedroom / 2 bathroom and 3 bedroom / 2.5 bathroom – are to be auctioned individually. Alternatively they can be bought on a bulk purchase of the entire inventory

Middle East Rent Controls Harm Property Investment

Sat, 12 Apr 2008 08:51:23 +0100

A report examining the effects Rent control in the Middle East has concluded that such measures are generally harmful for property investors. In December 2007 Dubai’s government toughened up its 2005 Rent Law and reduced the maximum 2008 rent increase to only 5%. Abu Dhabi has likewise capped 2008 rent hikes at only 5%. In neighbouring Qatar, a rent freeze has been implemented while the government is determining the new rent increase cap. For the past two years to February 2008 rent increases were limited to 10% annually

India Has Real Estate TV

Sat, 12 Apr 2008 08:50:40 +0100

A powerful new force in real estate marketing has emerged with the news that India has its first 24x7 channel dedicated to the world of real estate. The channel is now available in all metros and major cities across the country. The new TV channel will provide viewers up to date information on all aspects of the property market.

Spanish Government Could Owe Thousands To Former Property Owners

Sat, 12 Apr 2008 08:48:36 +0100

The Spanish government may owe former Spanish property owners thousands after charging an unfair amount of tax. A Spanish legal company believes that an estimated £37m is now owed to British former owners alone. What is more, they say that Brits can now start the long process of getting their money back because, they suggest, it flies in the face of EU laws on discrimination. This means that if you were one of the 4,500 British citizens who sold Spanish property between 2004 and 2007, and were charged at the non-resident's CGT rate; you could be eligible for an average rebate of £11,000.

Developer Gives Free Florida Holidays For UK Residents

Fri, 11 Apr 2008 08:12:35 +0100

THE BRITISH HOMES GROUP Florida, who provide sales and loans advice to UK property owners in Florida, is giving away a luxury family holiday as part of a package of incentives to encourage UK buyers to consider a LENNAR HOME.

Daily Mail & P&0 in French Property Prize

Tue, 8 Apr 2008 12:17:36 +0100

The Daily Mail and P&0 Ferries aim to make one lucky person the owner of a stunning French cottage located in Brittany. The desirable French home is a prize in a draw aimed at Daily Mail readers and is sure to be popular amongst its readers.

Developer offers free apartments with Saudi Arabia properties

Mon, 7 Apr 2008 22:14:04 +0100

Middle East property developer Damac properties are offering investors an unusual deal involving their Saudi Arabian project Al Jawharah residential Tower. Buyers will receive a free property from another development in Egypt when they purchase selected apartments.

Australians Sell Homes on EBay

Mon, 7 Apr 2008 22:12:50 +0100

A recent report by News.com.au gives an insight into the mind set of Australian home sellers trying to sell their properties. It highlights the fact that 130 properties were listed on eBay's Australian site last week, including several multi-million dollar homes in Sydney and New South Wales

The Landings Saint Lucia

Mon, 7 Apr 2008 22:11:40 +0100

One of the newest resorts in the Caribbean has recently opened on Saint Lucia. This beautiful island located in the Lesser Antilles chain has great weather, beaches and something for everyone. The Landings is a new development on the very northwest tip of the island that is located on 19 acres of prime beachfront property. International real estate investors will find this location to be ideal, and the prices for such a spot are quite reasonable

US Real Estate in Go Zone Attractive To Overseas Buyers

Mon, 7 Apr 2008 22:10:30 +0100

International real estate buyers have been encouraged to examine the case for buying property in the Go Zone by the head of overseas property portal Homesgofast.com.

US Home Sales See Small Increase

Fri, 4 Apr 2008 23:56:01 +0100

4/04/08-The most recent housing reports out the United States indicate that existing home sales were up in February, the first time that sales rose seven months. Most analysts note that this is probably an anomaly, brought on in large part by significantly lower home prices, but they expect sales to begin increasing later this year on a consistent basis. The median national home price for February was $195,500, which was 8.2% lower than a year ago, when prices were $213,500

New Brunswick Canada Sees Royal Estates

Fri, 4 Apr 2008 23:54:42 +0100

Just inland from the Bay of Fundy along the eastern coast of Canada is one of the premier golf and living resorts in the country, Royal Oaks Estates and Golf Club. Located in Moncton, New Brunswick, this golf club and development offers the best of both worlds: world-class golf and spectacular housing opportunities. There are townhouses, condominiums, building lots and existing houses all available.

Commercial Rents in Turkey Up

Fri, 4 Apr 2008 23:53:39 +0100

In a recently released survey by a top international real estate firm, Turkey has seen several prime business locations with rents rising substantially over the past year. Three locations in the country came in at the top of the list for increased rates, with two of these in the city of Istanbul, the country’s financial and business center. Recent development and investment in the city and country has led to an increased need for office space as well as living quarters for businesses from both local and international investors.

The Merricks Resort Barbados

Fri, 4 Apr 2008 23:22:32 +0100

The Caribbean island nation of Barbados has been one of the most popular destinations for travelers and international home buyers for years. The small country in the southeast Caribbean has a stable government, low crime and some of the best beaches anywhere, as well as plenty to see and do. As a result, investors and holiday seekers have been flocking here, with the west coast the preferred destination. As the west coast of Barbados has become more developed and extremely expensive, developers and investors have turned eastward for less expensive but still spectacular property

Selling Overseas Property A Place in The Sun

Fri, 4 Apr 2008 23:21:23 +0100

UK Channel 4 s A Place in Sun has joined other UK based overseas property portals such as Homesgofast.com and Property-Abroad.com in offering sellers the chance to promote their overseas property online. Channel 4 is launching a classifieds portal for overseas property on the back of its series A Place in the Sun.

Caribbean Property Prices

Tue, 1 Apr 2008 09:31:01 +0100

Property in the Caribbean is now more attractive as the depreciation of the US dollar against major currencies such as the British pound and the Euro make Caribbean real estate cheaper. This news does not make the Caribbean a cheap destination to buy overseas property, many beachfront homes on developed islands can be priced well over one million US dollar mark.

Luxury Property Developing in the Dominican Republic

Tue, 1 Apr 2008 09:29:09 +0100

Angsana Resorts, part of Banyan Tree Hotels and Resorts, is opening a new residential luxury resort on the Caribbean island nation of the Dominican Republic. The project confirms that the Dominican Republic is a luxury destination to buy Caribbean property. The first phase of this new development is scheduled to open to residents in 2010. The resort will have villas, town houses and condominium units as well as a marina, luxury hotel and casino, retail stores and more

South African Game Reserve Promoted at EPEX 2008

Mon, 31 Mar 2008 22:12:56 +0100

EPEX 2008 – the Exclusive Property Exhibition – is set to take place on 21 – 22 June 08 at the Olympia National Hall in London. This is the only event in the UK where the most prestigious and luxurious international properties can be seen all together at one time. This unique show focuses exclusively on some of the best properties from around the globe, with prices ranging from £0.5M to £25M.

Loreto Bay Resort to Rise in Baja, Mexico

Mon, 31 Mar 2008 22:12:03 +0100

Along the coast of Baja, Mexico, a new resort area is rising up at Loreto Bay. Located on the Sea of Cortez between the Giganta Mountains and the water, this once sleepy area is becoming the new destination resort in Mexico. If plans for the bay are fully realized, over the next few years some 8,000 acres of land will have 6,000 holiday and retirement homes.

New Secluded Property Hotspot Marbella Spain

Mon, 31 Mar 2008 22:10:51 +0100

A secluded hillside community is one of the hottest places for Spanish property seekers. La Mairena is a small village in the hills to the northeast of Marbella in the heart of the Costa del Sol. These tranquil hills are full of oak and cork trees, providing a beautiful setting. The area is still just a few minutes away from the Mediterranean, so beach lovers can spend as much time on the seaside as they want. And, it’s not far from Marbella, with plenty of shopping, restaurants and nightlife.

London Property Developers Defy Credit Crunch

Sat, 29 Mar 2008 16:59:10 +0100

Candy and Candy sold two hotels located in fashionable Kensington London, both hotels overlook Kensington Gardens and were sold for a cool 320 million pounds. The Kensington Palace and Kensington Park Hotels site were sold to a Middle East consortium. The brothers had barely started work on the project and had planned to transform the hotel into super prime real estate. The hotels would have housed 97 apartments with price tags of 10 million pounds each.

Romania Good For Investment

Thu, 27 Mar 2008 08:50:34 +0100

Fords commitment includes plans to boost the plant’s annual production capacity to 300,000 units and double employment to 7,000. Ford executives said the factory will assemble the Transit Connectin 2009 and a new small car in 2010. <

Sterling and Dollar Both Looking Uncertain

Tue, 25 Mar 2008 19:53:17 +0100

Moneycorp the foreign currency specialists report on last weeks trading activity highlighting sterling and the US Dollar. Having traded at $2.02 last Monday morning the Pound dipped two and a half cents before rebounding on Tuesday almost to $2.03. From there, apart from a brief hesitation early on Wednesday it was down again, this time to $1.9750. The long weekend kept things quiet until early this morning when the Far East market took Sterling back up above $1.99.

Florida Bus Tours of Repossessed Properties

Tue, 25 Mar 2008 19:52:09 +0100

The credit crunch has taking its toll on numerous home owners in the sunshine state of Florida. This has created a genuine buyers market where bargains are ripe for the picking. Real estate agents in Florida have now come up with a new marketing technique that will help buyers see all the best deals by using bus tours of foreclosed properties

Dubai Water Supply Problem Solved

Tue, 25 Mar 2008 19:51:26 +0100

Dubai's booming real estate industry and expected population growth means huge expected demands on its infrastructure. One area that will always be a concern in such a hot country is the supply of water. This now appears to be taken care of with the announcement that Dubai will have the worlds largest reservoir

Moneycorp Help British Property Owners in Florida

Mon, 24 Mar 2008 11:31:52 +0100

Moneycorp, the foreign exchange specialist, today announced a new alliance with LynxBanc Mortgage Corporation, a specialist international mortgage provider, which will provide British property owners in Florida with a safe way to stabilise their monthly mortgage payments

Overseas Property Investors Make Las Vegas a Hot Spot

Mon, 17 Mar 2008 20:43:47 +0100

The overseas property portal Homesgofast.com has seen a sharp rise in international investors seeking investment property in Las Vegas. The US housing market is seeing foreclosures and mortgage default rates hitting record levels. It appears that overseas investors are seeking to capitalize on the situation by investing in the worlds entertainment capital city

New Way To Buy a Luxury Mansion in the Sun

Mon, 17 Mar 2008 10:30:26 +0100

Home buyers seeking a luxury home in Spain are being offered a millionaire yacht broker’s mansion valued at 2 million pounds for less than £300,000. The incredible deal would see the six lucky buyers with a luxury waterfront villa, with sports boat and car on the Spanish island of Mallorca

Ireland's Overseas Property Buyers Warning

Mon, 17 Mar 2008 08:21:43 +0100

Ireland's Sunday Business Post reports that in an effort to assist its investigation, the Revenue is adopting a range of new more intrusive techniques, including an examination of foreign tax returns and a trawl of deposit interest earned on foreign bank accounts held by Irish citizens Tom Weymes, principal officer with the Revenue’s offshore assets group. ‘‘Our main focus is hot money, money that was never declared to the Revenue for tax purposes. We want to see if any hot money has been used to buy overseas properties”

The Budget and NHBC response

Fri, 14 Mar 2008 07:50:37 +0100

The UK’s National House Building Council (NHBC) which warranties over 80% of new British Homes has today welcomed the commitment by the Chancellor, Alistair Darling, to target all new construction in the drive to reduce the UK's carbon emissions. "Existing housing stock also has a part to play in driving down carbon emissions and this is why is it pleasing the Chancellor has outlined a significant programme of spending to make existing homes more energy efficient through the use of tried and tested technologies including cavity wall and loft insulation. The Foundation's research has highlighted the need for zero carbon measures to be based on sound science and safe technologies and using these methods to reduce carbon emissions in existing stock is welcome."

Eco-Towns A Great Place To Live

Wed, 12 Mar 2008 19:38:03 +0100

The UK government is hoping to create eco-towns. Later in the spring of 2008, the government will announce a short list of 12-15 areas that will potentially host new eco-towns. From this list, as many as 10 towns will be constructed, focusing on renewable energy, zero-carbon buildings, and support for local communities and local businesses. While they haven’t decided where these towns will be yet, they have a great example in Cambourne already up and running.
The Cambourne development in Cambridgeshire was built to be a user friendly town for both people and wildlife. There are plenty of cycle paths and walkways, and people who live there walk to school, to the grocery store and for pleasure. Plenty of people use these paths, but one of the biggest bonuses of having the extra space is the wildlife that has thrived and even grown in the area.

Fractional Life Expo With Property Ventures

Tue, 11 Mar 2008 11:42:22 +0100

The unique Fractional Life Exhibition which takes place between 28th and 30th April, at the Broadgate Event Venues, City of London has announced sponsorship from Foreign Property Ventures Ltd The exhibition is being billed as the largest and most diverse consumer fractional ownership and asset-sharing exhibition in the world. The event caters for the growing number of people who want to enjoy ownership of life’s luxury items – without the ties, responsibilities and capital outlay of a complete purchase.

Moneycorp Report Winning Week for Sterling

Tue, 11 Mar 2008 10:31:00 +0100

Moneycorp the foreign currency specialists report on last weeks action in the currency markets. Sterling stayed within half a cent of its $1.9850 opening level until Wednesday morning when a one cent dip was followed immediately by a two cent rally. On Thursday the $2 barrier was broken and Sterling topped out at $2.02 on Friday afternoon. It was trading within 25 ticks of that level when London opened this morning, more than three cents up on the week.

Inside Track Cuts Workforce

Sun, 9 Mar 2008 10:19:36 +0100

Further signs of a reduction in confidence by UK Buy to let investors are seen by the latest news from the UK’s largest property investment company Inside Track. The property investment organisation which operates weekend-long investment seminars at £2,500 a head announced cuts in its workforce.

Luxury Train to Operate in Brazil

Fri, 7 Mar 2008 09:40:22 +0100

Brazil is set to open its first luxury train route in the south of the county in April, 2008. The Great Brazil Express will run throughout the state of Parana for approximately 500 kilometers. It will link the cities of Ponta Grossa and Cascavel, traveling through cities and countryside of this diverse Brazilian state.

Overseas Property Portal Media Partner at EPEX 2008

Wed, 5 Mar 2008 22:36:42 +0100

The overseas property portal Homesgofast.com announced that it has been selected as a media partner for 'The Luxury Property Exhibition' or EPEX 2008 taking place at Olympia National Hall, London, 21 – 22 June 2008. The unique exhibition is aimed at luxury high end real estate from locations world wide. The show concentrates on luxury properties with a price range from £500,000 to £25,000,000.

The Invest in Property Show Has Top Exhibitors

Wed, 5 Mar 2008 13:05:29 +0100

The Invest in Property Show taking place at Old Billingsgate London on 27th March to 29 March 2008 has revealed an impressive line up of exhibitors. The exhibitions goal is to at bring together essential elements of the investment property industry to the public.

Dubai Is Leading Financial Centre Official

Mon, 3 Mar 2008 21:34:37 +0100

The latest report published by the Global Financial Centres Index or better known as GFCI reveals that Dubai is one of the leading financial centres in the Middle East and is said to ranked fourth in terms of competition in Asia.

Dubai Attracts People From Newcastle UK

Mon, 3 Mar 2008 13:00:36 +0100

Newcastle based Chronicle News reports that the people of Newcastle in the North East of England have been flocking to Dubai in their droves. The success of the direct flights laid on by Emirates means that airline is considering increasing the size of it planes and routes from Newcastle International Airport.

Ivana Trump Reveals Le Diamond Dubai

Mon, 3 Mar 2008 12:59:43 +0100

New York based, Ivana Trump, real estate tycoon has revealed Le Diamond. Le Diamond is a luxury property that is located at Dubai Waterfront. Truly said to be something unique, it is revealed to be a whopping Dh1.5 billion. For this exciting venture known as Le Diamond, Trump has partnered with Indian Real Estate Moguls, Darvesh Group

Developer Nakeel & Busch Theme Park Venture in Dubai

Mon, 3 Mar 2008 12:58:04 +0100

Nakeel in conjunction with Busch Entertainment Corporation, have revealed their plans of developing, 'Worlds of Discovery' which is four theme parks. Busch Entertainment is the family entertainment division of the Anheuser-Busch Company, who are based in Orlando, USA and operate around ten such 'Worlds of discovery' parks in various locations in the US

Dubai International Airport Wins Award

Sun, 2 Mar 2008 23:22:07 +0100

Dubai International Airport is not only expanding quickly but has also recently won awards for 'Best Airport' in the Middle East, at the prestigious Business Traveller Awards in Germany, and the 'Fastest Growing Airport' and 'Best Duty Free', at the Naseba Middle East and North Africa (Mena) Airports Awards in Doha.

Canary Wharf Property Has Gone Green

Sun, 2 Mar 2008 12:47:30 +0100

The Canary Wharf area of London has seen some of the most spectacular growth in the city of London in recent years. This district is now home to major international companies, thousands of residents, hundreds of retail stores, restaurants and many cultural activities throughout the year. It will also soon be going green with a new environmentally responsible building the home to KPMG.

Bom Sucesso Resort Turning Homes Into Works of Art

Fri, 29 Feb 2008 08:08:47 +0100

Portugal’s Bom Sucesso Design Resort is turning homes into works of art. This luxurious and modern resort is being created on a 270 acre site near the medieval town of Obidos on Portugal's Silver Coast. The resort is less than an hour north of Lisbon and offers a totally unique vision for homeowners. Some of Europe’s most well-known architects have collaborated in the largest modern architecture project ever undertaken on the continent. And these modern homes of the future are for sale - right now.

Weak Dollar is Bringing more Europeans to the US

Fri, 29 Feb 2008 08:07:44 +0100

The United States Department of Commerce released 2007 tourism figures and it is clear that the weak US dollar is bringing more people from overseas to the country. In 2007 there were an estimated 23.2 million visits from outside North America to the US, up almost 7% from 2006. The largest place of origin for visitors was Western Europe, where the strong Euro and UK Pound are having a big impact.

Canary Wharf Continues to See Property Development

Mon, 25 Feb 2008 15:23:11 +0100

The Canary Wharf area of London, which has grown tremendously over the past few years, is still seeing significant growth. This area, once home to a bustling port and docks, is now one of the most desired addresses in the city for both businesses and homeowners. It is home to major international corporations, thousands of residents and hundreds of retail shops and restaurants. Additionally, there are cultural events taking place within the district year round.

Green Light Given to New Property Development in Mauritius

Mon, 25 Feb 2008 13:19:25 +0100

The property market in Mauritius received a huge boost today as a heads of agreement was been signed between the SPDL (Sugar Investment Trust Property Development Limited), a subsidiary of the Sugar Investment Trust (SIT) of Mauritius and O&C Mauritius. The agreement will see the development of a fully integrated resort covering 165 acres at Le Bouchon site on the southern part of the Island.

Brazilian Property Set To Benefit From Oil

Mon, 25 Feb 2008 10:10:23 +0100

Brazil is set to join the oil rich nations that have seen their property markets sky-rocket on the back of rising oil prices. Two oil and gas discoveries in the last three months off the coast of Rio de Janeiro will catapult Brazil into the top ten list of oil producing nations. With oil starting to flow in 2010, the economy of Brazil and thus property prices are expected to receive a major boost. Brazil Property Advisors has analysed the most attractive investments in the Brazilian property market and is delighted to discuss the opportunities.

Super Prime Designer Homes

Fri, 22 Feb 2008 18:58:22 +0100

The Sunday Times reports that that despite a GBP100 million price tag the super rich have been snapping up luxury designer property at London’s One Hyde Park. The luxury apartments which were designed by architect Richard Rogers are due for completion in 2010. Knight Frank one of the estate agents promoting the development said sales had totalled more than GBP 500million with the average price of an apartment at GBP 20 million. The apartments represent real estate priced at GBP 6000 per square foot which is up from the peak prices in 2006 which were GBP 4000 per squire foot.

Obidos Portugal is Chocolate Heaven

Fri, 22 Feb 2008 18:26:09 +0100

The historic town of Obidos in Portugal has been turned into a chocolate lovers dream with its annual chocolate festival. The event is due to come to an on 24th February 2008 but will take place all over again next year. Obidos is a picturesque village near the popular Silver Coast. This small town, about 75 kilometers north of Lisbon is circled by a wall and was once a stronghold with its own castle. In the 13th century it was given to Queen Isabel as a gift by her husband, King Dinis, after she remarked on its beauty. From the center of town you can see for kilometers in all directions. There are vineyards, terracotta roofs and homes, and windmills all about.

Homesoverseas.co.uk says Spanish Voluntary tax is illegal

Fri, 22 Feb 2008 16:59:30 +0100

Most residents living in the Spanish village of La Viñuela in the Axarquía, Málaga province has received a letter from the local town hall. It asks them to pay a so-called ‘voluntary tax’ of between €6,000 and €12,000 in order to legalise their unlawfully constructed home. Around 50 of the inhabitants affected are British, some of who have already paid this peculiar tax. However, Homesoverseas.co.uk has been informed that the town halls request for the ‘voluntary tax’ is in itself “illegal” and so those who have not already paid this toll should seek legal advice with regards to the situation.

Overseas Property Trend For 2008

Thu, 14 Feb 2008 07:22:14 +0100

Cheaper overseas investment property in Dubai, Brazil, Egypt, Turkey and the US appears to be the investing trend for 2008. Enquiries to the overseas property portal Homesgofast.com (http://homesgofast.com) from over 170,000 visitors in January 2008 give an early indication of the most sought after locations; they point to an investor trend towards lower priced properties.

Singapore Real Estate Market is Booming

Wed, 13 Feb 2008 10:59:43 +0100

The Singapore real estate market has been on a decided upswing in recent years, and it has been drawing a wider attention of foreign investors as a result. Prices in the small nation in Southeast Asia have been rising rapidly, with 2007 residential prices increasing by over 30% for the year!

Foreign Currency Summary Report For Sterling

Tue, 12 Feb 2008 10:12:20 +0100

London 12th February 2008- Moneycorp report on the movements behind Sterling last week as it touched highs close to $1.98 Last week\'s market was typified by strange reactions to odd figures. For Sterling the first of these was the Halifax house price index. It had been expected to fall and it didn't. Yet there was no relief rally for the Pound. A surprise improvement in the UK services sector Purchasing Managers Index helped Sterling against the Euro but did it little permanent good on other fronts.

David Beckham in Natal Brazil

Sat, 9 Feb 2008 10:42:52 +0100

One of the most famous soccer stars on the planet David Beckham has announced plans of a football academy in Natal Brazil. He describes the new facility as one of the best in the world. During his visit he explains that Natal is a place of tremors excitement owing to new hotels and property in the area. The husband of posh spice also feels that Natal Brazil is an area that will attract celebrities and other football stars.

South Africa Housing Becoming More Affordable

Fri, 8 Feb 2008 17:07:21 +0100

Home prices for South Africa have tailed off after seeing double digit increases for most of 2007, according to the most recent news reports. The average rate of growth for all of 2007 was 8.3%, which was the lowest in the residential market in seven years, according to The Times newspaper of South Africa. The median house price in January, 2008 was 570,000 rand, or a little less than £40,000.

Nicaragua Real Estate the Next Costa Rica

Fri, 8 Feb 2008 17:06:39 +0100

For years, the Central American country of Costa Rica has been the place for international real estate investors. With its low cost of living, reasonable property prices and Caribbean coastline, it has much to offer. Now that the market in Costa Rica has matured, other Central American countries are becoming targets for international investors. Nicaragua, just to the north of Costa Rica, is a great location for those who want a great deal. It has been touted in numerous publications as the next great destination in this part of the world, including the Financial Times, Newsweek and the Chicago Tribune, among others.

Two New Real Estate Projects in The Philippines

Fri, 8 Feb 2008 17:04:16 +0100

Philippine property developer Rockwell recently announced two new development projects that will be launched this year in the Metro Manilla area. According to Philippines’ Business World newspaper, officials from Rockwell will begin work later this year on a one-hectare center in Makati City and a 5.5-hectare residential development in Pasig City.

Real Estate Agent Sued Over House Price

Wed, 6 Feb 2008 08:17:14 +0100

Real estate agents in the US will be looking closely at a case where one of their own is being sued by a former client. The disgruntled home buyer is taking the agent to court to try and claim compensation for buying an over priced house. The claimant alleges that the real estate agent was aware that the home was over valued by $30,000 and hid this fact to claim a larger commission.

Egypt Property Developer Wants Families Not Investors

Tue, 5 Feb 2008 15:00:59 +0100

Nigel Bailey Director of UK based property company Red Sea Developments is working hard to attract families not hard nosed investors to the companies new development in Hurghada Egypt. The move is in response to international property investors from Germany Russia and the UK who have been buying up developments in the area.

Foreign Currency Sterling & Dollar Report

Mon, 4 Feb 2008 20:12:02 +0100

Sterling started the week full of promise, pushing up through $1.98 to make repeated tests of $1.9550. On Friday the music stopped and the Pound slumped nearly three cents. It eventually found support at $1.9650 and renewed enthusiasm in the Far East this morning had taken it almost to $1.98 by the time London opened. It was therefore virtually unchanged on the week.

Tesco Now Estate Agents

Mon, 4 Feb 2008 10:12:45 +0100

Tesco has set the cat amongst the pigeons of UK estate agencies and property portals by announcing that it intends to launch an online estate agency service. The financial strength behind Tesco could see undercutting the traditional estate agencies. The move is response to the difficulty it experienced with it private sellers website services. Rightmove and Primelocation could also be forced, under competition rules, to list Tesco's properties if it becomes a fully fledged agent.

Panama City Real Estate Booming

Mon, 4 Feb 2008 10:12:05 +0100

Panama City, Panama is seeing a real estate boom that is drawing the interest of international property investors. The city, located on the Pacific Coast of this Central American country, is seen as one of the hottest places for property in all of Latin America. There are currently more than 35 high rise buildings under construction and more than 300 additional projects in the planning stages. If all the buildings are completed, more than 40,000 units will come on line in the next 5-10 years

Property in Prague Rising Quickly

Fri, 1 Feb 2008 10:34:20 +0100

Prague is changing with brand new property developments springing up over the city. It is also attracting overseas property investors to buy property in the city. For many people, the city of Prague leads to thoughts of beautiful old architecture, cafes and the Bohemian lifestyle. Lately, though, the capital city of the Czech Republic is seeing some fast rising developments alongside international investment in its economy. The combination makes this city a great place to look for real estate investors who want a home in this part of Europe or a place to earn some rental income.

Michael Jackson May Lose Neverland

Mon, 28 Jan 2008 15:41:28 +0100

Trying to raise USD23 million in mortgage finance for a home is not easy in today’s credit squeeze environment. This stark reality is facing Michael Jackson who now faces losing his fantasy land home Neverland.

National Association of Realtors Report

Mon, 28 Jan 2008 15:39:17 +0100

According to the National Association of Realtors, (NAR) the final number of existing homes sold for 2007, including condos, single family houses and co-ops, came in at 5.652 million units. That’s compared to 6.478 million units sold in 2006.

Barclays Capital and HSBC in Mortgage Lawsuit

Sun, 27 Jan 2008 22:41:17 +0100

The credit crunch and sub prime crisis is rippling right through the financial industry and add to the woes of two big players Barclays Capital and HSBC is a class action lawsuit. Friday 25th January saw the two named in an action brought over the huge collapse of the US biggest mortgage firm Countrywide Financial

Bangkok Real Estate Offers Great Value

Sat, 26 Jan 2008 13:53:01 +0100

The Bangkok real estate market is one of the best for international investors who are interested in the Asian market. Research shows that the property market there is much more affordable than other south Asian cities such as Hong Kong and Singapore. Bangkok has a good climate year round and is also close to many recreational activities, such as beaches and tropical resorts.

Dubai Jumeirah Voted Best Hotel

Sat, 26 Jan 2008 13:52:15 +0100

Dubai’s Jumeirah Beach Hotel has been voted the Best Hotel in the Middle East by the readers of Germany’s prestigious Business Traveller magazine. Additionally, the Jumeirah Group was voted Best Middle East Hotel Chain by the same readers, as reported in various hospitality publications including Hospitality Net.

Singapore Airlines Wins Best Airline Awards

Sat, 26 Jan 2008 13:51:42 +0100

For those who fly Singapore Airlines, it’s no secret that this Southeast Asia based airline is a great way to travel. Increasingly, though, more and more people are hearing about the great service and amenities that are offered on this often luxurious airline. The US readers of Business Traveler magazine voted Singapore Airlines as the Best Airline in the World in its recent 2007 awards. On top of that award, the airline won for awards from Business Traveler for Best Economy-Class Service in the World, Airline with the Best Cuisine/Meals, and Best Airline for International Travel. Global Traveler magazine also voted the airline as its Best Airline in the World, as well as the Best Airline in Southeast Asia.

Overseas Property Cure For January Blues

Thu, 24 Jan 2008 14:38:33 +0100

The gloomy financial reports and the grey skies of the UK officially make January the lowest month in most Brits calendars. It also serves as reason for UK residents to seriously consider buying property abroad. Australia and New Zealand are now the top destinations for Brits leaving the UK

London, New York & Moscow Most Expensive Places To Buy Property

Wed, 23 Jan 2008 17:38:20 +0100

London, New York and Moscow are now the world’s most expensive cities for residential apartment buyers, according a survey by the Global Property Guide an international property research firm.

Best Country To Retire Abroad

Tue, 22 Jan 2008 23:26:13 +0100

Moneycorp & GE Money Join Forces

Thu, 17 Jan 2008 16:22:58 +0100

Overseas property companies and foreign currency specialists are by their very nature intrinsically linked and this has proved the case with Moneycorp, the foreign exchange specialist, announcing today an exclusive partnership agreement with the French property and finance specialist, GE Money Bank.

A Place in the Sun Magazines Top 20 Places to Buy Abroad

Thu, 17 Jan 2008 10:53:24 +0100

According to a survey published in the overseas property magazine A Place in the Sun, Spain remains the number one destination for UK buyers seeking a home abroad. The magazine’s annual Top 20 buying destination report shows that despite a raft of emerging markets and USA property prices down 30% on a year ago and a dollar weakened by 25%, it’s the traditional sun-seeker’s favourite Spain

Pipa The New Overseas Property Hotspot in Brazil

Thu, 17 Jan 2008 07:25:06 +0100

The popular northeast coast of Brazil has become an international real estate investor’s dream, with bargain prices and consistent double-digit appreciation in values. One village that has long been a desired location for both those in the know is Pipa in Rio Grande do Norte. Pipa is about an hour south of Natal in the district of Tibau do Sol. The village has the Atlantic Ocean on one side and the Guarairas lagoon on the other.

Canada Housing Strong

Thu, 17 Jan 2008 07:24:11 +0100

Canada’s economy is beginning to experience some of the turbulence from south of the border, but so far the housing market appears to be ending the year on a strong note. Existing home sales rose in November, leading to a yearly record in 2007. Bloomberg recently ran several reports detailing the situation in Canada.

Rupert Murdoch in Grand Property Renovation New York

Thu, 17 Jan 2008 07:23:15 +0100

Homes of the famous and very wealthy are rarely seen by the public. Rupert Murdoch, head of Newscorp and one of the world’s wealthiest men, is no exception, but renovations to his Manhattan apartment have allowed a brief glimpse into his grand plans. According to a recent article in the New York Times, Murdoch’s triplex apartment on 834 Fifth Avenue is undergoing major renovations, and the work that is being undertaken is so big and expansive that it can actually be seen from the street.

Brisbane Property Set for Continued Growth

Wed, 16 Jan 2008 23:39:26 +0100

The city of Brisbane in Queensland, Australia is looking for continued growth in real estate prices, according to recent news reports from Australia. International real estate investors have been very interested in this area, with its great beaches and attractive tourism potential. The Brisbane Times and Australian Property Monitors recently reported that the median home price will be up over $400,000 AUD, and could possibly come close to $500,000 by the end of 2008.

Jessica Simpson, Tony Romo head to Mexico

Wed, 16 Jan 2008 15:51:13 +0100

Jessica Simpson and Tony Romo, the quarterback for the Dallas Cowboys, took some time out and headed to a Mexican resort last week. News reports in a range of media, including UsMagazine.com, People Magazine and the New York Daily News among others, all showed the couple in Cabo San Lucas, Mexico

Top Small Towns in the UK

Wed, 16 Jan 2008 09:31:08 +0100

Buying property in a small town seems to be in vogue in the UK a national daily newspaper has named several of the UK top towns in which to live. Small towns have become more and more popular for real estate investors in recent years. One reason is the value that these locales offer, providing more home for the purchase price than can be found in or near the larger cities. Another reason for their increasing popularity is the better schools that smaller towns provide for families. This is an important concern for those who have school-aged children, and many smaller towns have very good schools.

British Pensioners Building and Living in Turkey

Wed, 16 Jan 2008 08:44:14 +0100

British pensioners seeking to save money are heading to Turkey’s to benefit from the low cost of living and cheap property prices. What is more they are finding that building their own home is proving a great way to save even more money. Turkey is proving to be the ideal place to buy land and build your own villa - all while leaving enough money to live through retirement.

Overseas Mortgages Now In Croatia & Montenegro

Wed, 9 Jan 2008 15:46:44 +0100

The issue of obtaining finance when buying in an emerging market has always been central to an overseas property investors purchase. According to overseas property portal Homesgofast.com it is one of the main factors why investors shy away from buying property in newer emerging markets.

Real Estate TV Now Part of Fox International

Wed, 9 Jan 2008 12:11:15 +0100

Overseas property on the TV is set to take a leap forward as Fox International Channels (FIC) announced today it has acquired a controlling stake in UK based media company Real Estate TV (RETV)

Bom Sucesso Progresses

Tue, 8 Jan 2008 11:20:13 +0100

The Bom Sucesso Design Resort in Obidos, Portugal is one of the most ambitious projects of its kind. This new resort is based around an 18-hole championship golf course with unique housing and plenty of protections for the natural environment. The housing that is going up is being designed by 23 of the most well-known Portuguese and foreign architects and will be spread out over the development.

US Dollar & Sterling a report by Moneycorp

Mon, 7 Jan 2008 18:14:44 +0100

A main feature of the currency markets over the festive period was investors' selective vision with regard to economic data. For the Dollar especially, movements took place as often as not despite, not because of the figures. The end-of-year squaring of short Dollar positions that took four cents off Euro/Dollar went on for reasons of strategy or risk management, not particularly because of any new-found optimism for the US economy.

Florida Developers Hold No Reserve Auction

Mon, 7 Jan 2008 15:48:20 +0100

Two top Florida Developers are putting scores of properties on the auction market with no reserve prices and no minimum. The luxury apartments on developments in two of the best locations in Florida will be sold to the highest bidder however low that bid might be.

Florida Property Buyers Discover Lower Keys

Mon, 7 Jan 2008 08:33:55 +0100

Florida home buyers are discovering a part of Florida that has escaped the crowds and development associated with a modern Florida. Most overseas buyers interested in Florida have heard of Key West, the westernmost of the string of islands along Florida’s southern coast. But just to the east of Key West, for some 36 miles to Marathon in the middle of the Keys, are the Lower Keys. These have long been the forgotten Keys; these fantastic islands were highlighted recently in an article in the New York Times.

City Home Owners Moving to the Suburbs

Mon, 7 Jan 2008 08:32:50 +0100

While property prices in many parts of the US and UK are experiencing some upheaval, two major cities have had relatively stable, if not rising, prices. New York City, and in particular Manhattan, and London, are still the leaders in their respective countries for housing prices. While the strong market in each of these cities has made it difficult to many to buy in, another phenomenon is the city dwellers cashing out and moving to less-expensive and larger homes outside the city.

Property in Cyprus Helps Revenue

Sun, 6 Jan 2008 13:52:05 +0100

London 6/1/2008- Proof that the Cyprus housing market has been popular with buyers can be seen from the latest financial reports from the Cyprus Inland Revenue. It has been profitable year for the government with bumper tax receipts as a result of the flurry of activity in the property market.

New York City Property A New Design

Fri, 4 Jan 2008 07:07:45 +0100

new luxury 11-story condominium in New York City is currently being planned and designed by noted Japanese architect Shigeru Ban. This new project is on West 19th Street in what is called the West Chelsea section of Manhattan. This ultra-exclusive building has only eight units in it, with a 1,949 square foot condominium going for $4.1 million USD.

Austria & Portugal See New Architect Designed Homes

Fri, 4 Jan 2008 07:00:38 +0100

The latest trend in new resort developments is for celebrity architects to design luxury getaways and for developers to promote the architects names. In the Austrian Alps, the Edel: Weiss residences are being designed by world-renowned architect MatteoThun . In Portugal over twenty three Portuguese and international architects have designed different sets of villas and townhouses for a new resort at Bom Sucesso along the Silver Coast. These one-of-a-kind homes are set to make potential buyers a very good investment as the architects become more famous.

Luxury Homes in London Feel The Crunch

Thu, 3 Jan 2008 09:12:51 +0100

The high end property market of London, the driving force behind the city’s continually rising real estate prices, has begun to falter as prices suffered the first quarterly decline since 2003. According to news in several media, including the Times Online, the price of prime property fell by 2% over the last quarter of 2007. This information comes from several real estate agents including Savills. Prime property is that valued at more than £1 million.

Beware Bulgarian Property Agents

Wed, 2 Jan 2008 14:36:31 +0100

Bulgarian property buyers beware is the message from Quest magazine in Bulgaria. The January 2008 issue outlines the pitfalls and plus points of the country's buy-to-let market. The Bulgarian buy-to-let market is still in its infancy however the research points toward a healthy future in the rental market.

New Home Buyers Like Gold Dust

Mon, 31 Dec 2007 08:49:56 +0100

The latest statistics from the UK indicate that first-time home buyers are at their lowest point in 27 years. According to Halifax, the nation’s largest mortgage lender, there were only about 300,000 first time home buyers in 2007 in the UK, some 15,000 less than in 2006. That’s the lowest number of first-time home buyers since 1980. The average price that these first time buyers paid for their homes went up by 15% from the previous year, to £175,093.

Julia Roberts Attracted to Whitsunday Islands, Australia

Sun, 30 Dec 2007 22:13:16 +0100

The Whitsunday Islands, off of the eastern coast of Australia are becoming increasingly popular for tourists, sun seekers and celebrities alike. With the onset of winter up north, and summer down under, this is the time of year for a trip these spectacular islands. A total of 74 islands make up this chain at the southern end of the Great Barrier Reef, with plenty to offer everyone from the brightest stars to those who just want an inexpensive place to relax in the sun.

Celebrity Architects are Adding Their Names to Designer Homes

Fri, 21 Dec 2007 13:24:08 +0100

Overseas property developers are increasingly using well known Architects to design their projects and at the same time attract investors to their developments. International property investors have a huge choice of luxury resorts from around the world to choose from. With so much competition attracting the most desirable customers is becoming increasingly difficult. One way in which some resort developers have decided to attract potential buyers is by using high-profile architects on their projects.

International House Price Report For 2007

Fri, 21 Dec 2007 08:28:02 +0100

A detailed report by economists at Global Property Guide concerning international house prices in 2007 reveals the good, the bad and the ugly in global house prices . The report confirms that the US housing market crashed, Europe’s housing markets slowed and house prices in Asia-Pacific gained momentum. Closer inspection of the report showed some surprising winners and losers. Bulgaria saw the world’s strongest house price growth at 30.6% (15.4% in real terms) to end-Q3 2007 from a year earlier.

Group Holiday Homes New Overseas Investment in Belize

Thu, 20 Dec 2007 08:29:21 +0100

Palmetto Bay Group Resort is a new, environmentally friendly, group-oriented resort that is being developed on the Placencia Peninsula of southern Belize. This unique property in Belize has a lot to offer international real estate investors. When completed it will be the first completely green resort in the Caribbean. It is also being designed as a group holiday resort, designed to meet the needs of small or large groups. From weddings to corporate retreats, Palmetto Bay Resort Belize will be a unique place to get away from the cares of daily life.

Property in New York Stable

Tue, 18 Dec 2007 14:13:29 +0100

The high end real estate market in New York City remains relatively stable, despite the problems that are being seen elsewhere in the United States. With some of the most expensive and most sought-after properties anywhere, the New York real estate market is in pretty good shape, particularly when compared to the rest of the country.

Europeans Have a Money Advantage

Tue, 18 Dec 2007 14:11:36 +0100

With the record lows of the US dollar against the Euro and 30-year lows against the English pound, Europeans have a distinct advantage when it comes to buying things American. This is true for all types of items, from retail goods to real estate. Those who want to invest in property in the US are in an enviable financial situation. Unfortunately, the opposite is true for Americans who live and work in Europe. Many are having a harder time in recent months

Berlin Property Changing

Thu, 13 Dec 2007 08:03:14 +0100

The city of Berlin is reinvigorating its city center, creating urban spaces where people can work and live without having to travel long distances, and without having to pay huge sums of money for the privilege. Townhouses are at the heart of this urban renaissance in the German capital, and there are currently as many as five projects under way or recently completed, according to a recent article in the International Herald Tribune

US Dollar Foreign Currency Update by Moneycorp

Mon, 10 Dec 2007 20:02:09 +0100

London 10/12/07- The Pound remains strong against the US Dollar despite some falls last week. It peaked just short of $2.07 on Monday and again on Tuesday before dropping sharply. It touched a low of $2.02 on Thursday and has spent its time since then climbing laborious back above $2.03.

Bad News For UK House Prices

Mon, 10 Dec 2007 09:28:03 +0100

UK house prices fell for the third consecutive month in November according to data released by Halifax. According to the UK’s largest mortgage lender, home prices fell by 1.1% for the month, following declines of .5% in October and .6% in September. The rate of housing price increases for the full year had fallen to 6.3% through November. That’s down from a high of 11.4% in August and 8.9% in October. The housing news has been highlighted in major media outlets recently, including the BBC and The Guardian.

Italian Real Estate Helped by High Speed Trains

Mon, 10 Dec 2007 09:27:24 +0100

Property in France experienced it when the TGV was rolled out; now Italian property is experiencing a piece-by-piece real estate surge as its own high speed train system is put into place. This is also referred to as the Ryan Air effect, whereby values rise as budget airlines arrive. This is due to the ease of getting to property that was once considered in the middle of nowhere – or at least hard to get to.

Australian Property Markets Highs and Lows

Mon, 10 Dec 2007 07:24:49 +0100

The Australian property market has shown signs of slowing according to a report by Bloomberg News. The surprise report is based on Australian mortgage approvals that have fallen for a second month running. The cause appears to be the hike in Australian interest rates which are now at an 11 year high. This is in contrast to the building industry that are experiencing strength with housing construction rising 1.4 percent in the third quarter from the previous three months. In fact this increase contributed 0.1 percentage point in the quarter to gross domestic product, which rose 1 percent.

Florida Mortgages Now Better

Fri, 7 Dec 2007 11:57:08 +0100

International buyers could well be the key to kick starting the Florida property market and a recent alliance may be evidence of this. Stirling Sotheby’s International Realty has joined forces with British Home Loans Florida. The Florida based international mortgage brokerage company specializes in arranging financing for British, European and other 'Foreign National' homebuyers in the U.S. The two companies working together are set to make Florida mortgages for overseas buyers more competitive

Exclusive Hawaii Resort is Expanding

Fri, 7 Dec 2007 10:57:36 +0100

Along the Kona Coast on the big island of Hawaii is the exclusive golf resort of Hokuli`a. This 1,550 acre development has recently opened up a new section of building lots to the general public. Previously, housing was only available to club members, but now there are plans to have as many as 600 units on the property Currently, though, there are only a limited number of sites are available.

UAE Real Estate Has Staying Power

Fri, 7 Dec 2007 10:56:44 +0100

The real estate market in the United Arab Emirates, one of the hottest in the world, is set to continue until 2015 and beyond, according to new reports. Real estate and construction markets in the UAE are primarily focused on Dubai, which has been booming for several years, and the newer market of Abu Dhabi. Two recent studies by HSBC and Damac Capital International of Dubai both indicate that supply will not catch up to demand for a number of years, keeping the markets strong.

Foreign Currency Markets US Dollar and Sterling Review

Mon, 3 Dec 2007 19:19:40 +0100

London 3/11/07-There was some good news for the Dollar on Monday night. Abu Dhabi Investment Authority, a sovereign wealth fund, announced that it would invest $7.5 billion in Citigroup, the troubled US financial conglomerate. The investment represents about 5 per cent of the group and is almost enough to cover the losses it has incurred since summer. The market's interpretation was that if ADIA had enough faith in the US financial sector to make such an investment then the Dollar may not be in such bad shape after all.

Moneycorp at Industry Overseas Property Exhibition

Mon, 3 Dec 2007 12:48:30 +0100

London 3/12/07-UK based Foreign exchange specialists Moneycorp are exhibiting at the UK industry overseas property exhibition OPPlive7 on the 4th and 5th December 2007 at ExCel London.

Sub Prime Crisis Not To Blame For Falling House Prices

Mon, 3 Dec 2007 12:46:32 +0100

UK house price indicators show reductions in house prices with figures from Nationwide, Halifax, Hometrack, and Rightmove are showing falling prices. A common misconception is that the sub prime market and credit crunch is to blame for this downturn. A look under the surface will reveal that there is not one source to blame. One economics expert spreads new light on the plight of the UK housing market.

Homes are Better Than Cash Say British

Mon, 3 Dec 2007 12:45:29 +0100

Recent research commissioned by the BBC has found that the British feel that buying property is better than cash in the bank. The UK housing market like that of the US is now reported to be slowing and with it house price drops are expected. The UK property market looks like it shall be a buyers market with home sellers reducing house prices in order to sell their homes.

Positive Future For UK Property Abroad

Mon, 3 Dec 2007 12:44:42 +0100

The overseas property industry seems set for a bright future according to predictions from a recent study. The appetite for property abroad seems set to continue with the British and Irish Buyers firmly behind the wheel. In fact the study carried out by Datamonitor has predicted that ownership is set to almost double over the next five years.

Luxury Real Estate To Rise at the Gold Coast Australia

Sun, 2 Dec 2007 23:04:36 +0100

A new luxury hotel and apartments will go up in Surfers Paradise along the Gold Coast of Australia, according to news just released on Hospitality Net. The Hilton Surfers Paradise Hotel and Residences will have two high rise towers with 170 luxury hotel rooms and 340 premier apartments. The new project will be developed by the Raptis Goup in the central part of Surfers Paradise along Surfers Paradise Boulevard and Orchid Avenue.

MTV Sell 50 Cents Home

Thu, 29 Nov 2007 08:33:30 +0100

MTV Cribs a TV show that allows anyone interested in celebrity lifestyles to see how their favorite stars live is now being used as a marketing tool to sell property. Successful rapper 50 Cent is going to use the show as a platform to help sell his luxury home. The multi millionaire is selling his mansion after owning the home for only 3 years at a cool $18.5 million price tag

Russians Love To Spend On Property Abroad

Wed, 28 Nov 2007 11:13:30 +0100

The UK overseas property industry magazine Overseas Property Professional (OPP) reports on the new bread of international property buyer that is set to make a huge difference to the industry in 2008. These new buyers are Russian and they have already turned the London housing market on its head.

Get Me Out Here I am A Celebrity

Wed, 28 Nov 2007 11:11:13 +0100

The Dubai property market has been consistently active over the last few years with huge numbers of overseas property investors buying in the region. The Emirate has also been revealed as the latest celebrity holiday home hotspot by foreign exchange specialist, Moneycorp. Footballers such as David Beckham and Baywatch star Pamela Anderson now own second homes there. Celebrity couple Brad Pitt and Angelina Jolie recently secured their piece of Dubai by buying an island in the shape of Ethiopia. Dubai’s popularity is set to continue and many Brits look to be following the paths of the celebrities.