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Overseas Property Investors Seek Aparthotels The New Buy to Let

Overseas property website Homesgofast.com is now featuring Aparthotels in response from demand from its credit squeezed investors. The international real estate website which carries some 100,000 properties is now making Aparthotels part of its inventory as investors move toward this type of investment.

Canadian Economy Remains Strong

The Finance Minister of Canada noted in recent remarks that the Canadian economy remains strong, and he expects it to continue to grow through this year and 2009. Minister Jim Flaherty said in a speech in Calgary that economic fundamentals in the country remain strong despite the problems across the border in the United States.

Donald Trump Sells Florida Home for $100 Million

American real estate mogul and businessman Donald Trump sold his house in Palm Beach, Florida this week for $100 million US. According to Trump’s personal spokeswoman, the $100 million sales price is the most ever paid for a single home or estate in the United States.

German Real Estate Firm Opens Orlando Office

Engel & Voelkers, a German real estate company, opened an office in Orlando as a branch of its Florida business, according to the Orlando Business Journal. The temporary office will hold the five agents until the company can find permanent space in nearby Celebration.

South Africa Property Sales Down

The most recent survey by South Africa’s Standard Bank officially makes South Africa a buyers market indicating that median prices for homes fell 11.3% in June year on year. The average house price in the country for June, 2008 was R550,000 compared to R620,000 a year earlier.

Budapest Development Hires Foster & Partners

WING Real Estate Development Company, formerly Wallis Real Estate, has announced that that renowned London based architect Foster + Partners has been chosen to design its new development in Budapest. The 240,000 square meter mixed-use project on the Pest side of the Danube River will be an eco-friendly project and a prime example of sustainable [...]

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