US property prices fell by 0.4 per cent in August from the previous month, according to August’s Home Price Index. The decline, which is the first drop in four months, suggests that worries about a double-dip recession are perhaps justified, but distressed property sales are masking the true figures. Overall, the year on year change in house prices has seen values fall by 4.4 per cent. But...

Retired professional wrestler Hulk Hogan has lowered the price of his house after it failed to sell on the market. The mansion, located in Florida’s celebrity zone of Clearwater, was listed for $25m in 2006, but has been reduced in price four times over the past five years, now reaching the significantly lower cost of $8.85m. Hulk’s property joins other celebrity houses...

Leni Gas & Oil has bought more land for sale in Trinidad and Tobago to increase its production, SmallCapNews reports. The oil and gas company doubled the amount of land it now holds in Trinidad last week by purchasing rights for the Goudron Field, which has the estimated potential to produce 1,000 to 4,000 barrels of oil per day. The investment involved acquisition of Goudron E&P Ltd, a company...

Leading newspaper The Wall Street Journal has recently reported on the excellent economic prospects of a new group of countries: the CIVETS nations.  This group of emerging economies are increasingly catching the eye of investors and attracting significant property investment. Two of the major nations in the CIVETS group are Turkey and Egypt which both have attractive property markets. Egypt property...

An increase in the number of foreign tourists heading to Brazil is resulting in a rise in demand for property in the country from foreign investors. With two major sporting events lined up in the next five years, tourist numbers in the South American country are set to continue to rise. Tourist figures up 18.8 per cent in a year The latest figures from the Brazilian Ministry of Tourism show that 4.4...

A leading global equity investor believes that there is potential for large scale investment in affordable property in South Africa.  International Housing Solutions (IHS) believes that it is now time for the private sector to get involved in the construction of affordable homes in South Africa. Private sector to get involved building affordable property in South Africa Soula Proxenos, managing...

Houses for sale in Sweden are growing in popularity, according to new reports. Swedish property transactions are on the rise, as the Nordic countries see investors return to their real estate. Denmark, Finland, Sweden and Norway were all affected by continent’s debt crisis, but new figures from Colliers International suggest that the region is “fundamentally quite...

The David Beckham household has been turned into “a pink palace” by his baby daughter, MSN reports. Harper Seven, born in July this year, is transforming the footballer’s residence into a property full of pink, much to the amazement of David Beckham. The $22 million mansion, which houses Beckham, his wife Victoria, and sons Brooklyn, Romeo and Cruz, now has...

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The newest star of the hit BBC series Dragon’s Den has put her luxury home up for sale as she is spending less and less time at the stunning Staffordshire property. With Hilary Devey spending more time in London and at Pinewood Studios, she has put her home, the King Edward VII wing of Rangemore Hall near Burton Upon Trent, up for sale with a guide price of £2.2 million. 2008...