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Portugal’s Silver Coast is a Property Hot Spot

The Silver Coast of Portugal has been singled out as a property hot spot by several important real estate and investment firms, including Knight Frank. The company recently noted the SilverCoast is one of the top emerging property markets in the world.   This beautiful stretch of Portugal’s coast has long been a popular tourist destination, but environmental regulations have kept large scale development...

New Resort Set To Enhance Turks and Caicos

The Turks and Caicos Islands are home to a spectacular new resort that is an idyllic spot for anyone who wants a private holiday or home in the Caribbean. Dellis Cay will have a five star hotel as well as residences designed by a collection of the world’s best architects and is in the midst of some of the best diving and fishing in the world.   A combination of hotel and residences, Dellis Cay will...

IMF Predicts Much slower 2009 Growth

The worldwide economic growth for 2009 is set to come in at just 0.5 percent, according to the International Monetary Fund (IMF). That is the lowest growth rate since World War II, but the organization expects a gradual recovery with growth in 2010 predicted to be 3 percent.   The predictions from the organization came as the world’s top economic leaders gathered at the World Economic Forum in Davos,...

New Krakow Opera House Opens

The Krakow Opera Company, or Opera Krakowska, which has been in operation since 1954, has recently moved into new quarters. The new Opera House is located at 48 Lubicz Street, one kilometer east of the Old Town.   The new opera house for the Opera Krakowska was constructed from 2004 – 2008 and opened in December of 2008. The first show was Krzysztof Penderecki's The Devils of Loudun, based on a work by...

Luxury Property Development Launched in Phuket

A new project called Sea Pearl Villas has just been launched in Thailand’s holiday destination of Phuket. The new development is perched on Patong Hill and is priced to attract both Thai and international buyers, according to managing director Sitthikorn Soontornnont.   The first phase of the new project consists of 48 villas and a restaurant. The entire development as currently planned will consist of...

Singapore Looks for Turnaround

The small city-nation of Singapore is looking to turn its economy around quickly with its newly unveiled budget. Looking at the largest recession in its short history, the budget comes in at approximately 6 percent of GDP, which is the country’s largest every. It is targeted to helping those hurt by the recession as well as cutting corporate taxes to a maximum of 17 percent.   The decrease in taxes is...

UK House Prices Fall Again

27/01/08-House prices in Britain fell in January, according to property consultant Hometrack. The company’s monthly national survey shows that the average price of a UK house fell by approximately 1 percent in January, while over the last year prices have fallen by 9.4 percent.   This survey is based on responses from agents and surveyors across the country, and it indicates that prices will continue...

Lance Armstrong Selling Texas Ranch

Seven time Tour de France winner and cancer survivor Lance Armstrong has turned into somewhat of a property collector in recent years. As he and his new team race and train down under getting ready for the upcoming cycling season, the American cyclist is selling one of his Texas properties. The 440 acre ranch, located outside Austin, is on the market for US$12 million.   Located in the Texas Hill...

Chinese Growth Slows

Economic growth in China for 2009 slowed to 9 percent, the lowest rate of growth in the past seven years. The world’s third largest economy was hit hard by the financial and economic crisis that has hit the rest of the world, and western importers of Chinese goods, particularly hard.   For the first half of 2008, growth was 10.6 percent, but that slowed considerably in the final quarter to 6.8 percent....

New Property Developments Auckland New Zealand

Downtown New Zealand is about to see a dearth of new properties, according to a recent report in the New Zealand Herald newspaper. However, several new developments have just finished or are about to, so this is an excellent opportunity to get New Zealand city property while there is still time.   The Federal apartment building, located at 207 Federal Street in Auckland, has recently been completed and...