While house prices in the European Union have been rising steadily since last year, Croatia has seen declines instead. For instance, in Cyprus, house prices rose by 3.1% in the fourth quarter of last year in comparison with the previous quarter, and when compared with the fourth quarter of 2015, prices have risen by 2.8%. On a yearly basis, the third quarter of 2016 saw a 1.4% growth while average house...
New York based company, CPG, and the Costa Rican Enjoy Group have purchased three of the Grupo Cuestamoras hotel properties in Costa Rica. The hotels are the Marriott Belen in San Antonio de Belen, Heredia, the Marriott Los Suenos Hotel in Playa Herradura, and the Hyatt Place San Jose in Pinares de Curridabat. Meanwhile, the agreement exclusively concerns the property as the hotels will still be run by...
While investigations into Trump’s Russian ties are still on-going, more evidence has emerged that the American President’s real estate firm generated significant profits from Russian property investors. In a recent review, Reuters says it discovered that at least 63 people with Russian passports have purchased property up to $98.4 million from Trump Towers in Florida. Among the buyers are...
In March, Property Guru, released their findings from a survey conducted to gauge activity in the Malaysian real estate sector in 2017. The results indicate a significant shift in consumers’ preferences within the last six months. While consumers were previously more concerned with location, PSF (per-square-foot price), and future developments in the area, now, they appear to be more interested...
You may have heard about raffle draws for cars or Spa treats, or even a holiday getaway, but have you come across a raffle draw to buy your dream home? Probably not. Former farmer, Doug Greensheilds and his wife Rebecca went about their property sale in an atypical manner, but then they are not your typical couple. Having spent the last decade managing a tourist guesthouse in Ecuador, Doug and Rebecca...
The development of Sandals Royal Barbados Resort has raised concerns that the project is causing significant environmental damage. As Sandals expands its existing resort, many voices have risen to oppose the US$160 million construction, with sustainability enthusiast, Jim Webster, pointing out how the area’s natural and built heritage was being destroyed. Speaking to Barbados Today, Webster...
New Zealand’s housing market pressure is currently one of its biggest economic issues. Auckland specifically, has shown the least promise with property growth. Since last year, property experts have continued to discuss its chances of achieving stability with bleak results. There is an estimated underbuilding of about 35,000 homes and the affordability pressures are a major problem. As population...
Panama’s real estate market has seen increased foreign demand, especially from Colombia, the U.S, Canada, and Venezuela. While Panama has been one of the favourite places for retirees to move to, it’s beginning to attract millennials too. Jackie Lange, founder of Panama Relocation Tours, says younger Americans are moving to the country, drawn by the prospects of living on the coast without...
According to John Passerini of Sotheby’s International Realty Affiliates, searches for private islands on the company’s website had more tripled since 2015 through 2016. Host of HGTV’s ‘Island Hunters’, Chris Krolow noted interest in islands has increased since 2012 when the show began. He added that his properties sales website, Private Islands Online gets twice as many...
According to Brazilian authorities, about 100 million Brazilians don’t have property rights. This deprives the government of a crucial source of taxes, especially considering the recession currently plaguing the country. As the South American country attempts to include the housing sector in its formal economy by providing title deeds for millions of unregistered homes, the government’s plan...
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