The real estate market in Switzerland is one of the bright spots in Western Europe this year. It has not experienced the dramatic drop in prices that many other markets have, and the potential buyers have remained strong and committed. One reason for this is the country is an international home to many organizations, companies and individuals. Geneva and Zurich continue to remain popular city destinations,...
For the past few years, the housing market throughout Poland, and in Warsaw in particular, was growing steadily with many buyers and a good bit of interest from abroad. In 2001 the average price of an existing home for sale in Warsaw was 3,200 zlotys per square meter, or approximately US$94 per square foot, and slightly higher for new construction at 3,500 zlotys per square meter or $10 per square...
Emaar Properties recently won the contract to construct the next tallest building in the world, the Kingdom Tower in Saudi Arabia. In a deal worth 100 billion Saudi riyals, or US$ 26.6 billion, Emaar was chosen from a final group of five companies to build the 1,100 meters-tall tower in Kingdom City, Jeddah. The new building will be taller than Emaar’s own building, the Burj Dubai in Dubai, which is...
The uncertainty of the Cypriot housing market for overseas buyers has come to a head with Lord Jones of Cheltenham calling upon the British government to close the UK offices of Cypriot companies selling property and to ban the promotion of Cyprus property at overseas property exhibitions in the UK. The calls were made in a bid to protect British buyers from the vulnerability in Cypriot law when they buy...
Wealthy Indian’s are taking advantage of low property prices and weakened sterling to snap up some of the UK’s most desirable properties. Nick Marr CEO of one of the UK’s busiest overseas property portals Homesgofast.com said “We are increasingly seeing wealthy Indian’s investing in UK property. They want the best British properties; it is a question of making hay whilst the sun shines. Low...
The Office of Fair Trading has today launched an online version of its public register listing estate agents who have been given warnings or been banned from estate agency work. View the Estate Agents Public Register at www.oft.gov.uk/estateagentregister Under the Estate Agents Act 1979 the OFT can issue warning and prohibition orders against individual estate agents or agencies who have broken the...
One of the most highly acclaimed holiday homes in Britain is now up for sale at a cool £2 million pounds in Devon South West of England. The riverside cottage which is subject to numerous positive comments from newspapers magazines and guides has been reduced in price by the present owners. The Old Bakehouse in Tuckenhay, directly adjoining the River Dart is described by local papers as “Iconic”,...
The Turkish government is pushing a plan to promote the Bodrum Peninsula as a tourist destination while controlling growth, and recently declared the area to be an official tourism center. The designation gives the Culture and Tourism Ministry the ability to take over authority for preparing new building plans in the area. The Bodrum peninsula is located in the southwest part of Turkey and is one of...
The Portuguese government is set to launch a new tourist promotion campaign worth a reported €7.5 million. State Secretary for Tourism Bernardo Trinidade recently confirmed the campaign, which will launch in several foreign countries to promote Portugal as a travel destination. Portugal has sponsored tourist campaigns in a number of European countries in recent years, including Ireland, France,...