The markets are full of news concerning different governments and central banks doing their utmost to support their domestic economies in the global slowdown. The Japanese Yen drops to its lowest levels, the Russian Rouble is devalued, the Pound nears parity with the Euro and the Irish inject more money into the economy..   The yen dropped to the lowest level versus the dollar in almost a week after...

The UK government has taken a positive stance by deciding to warn its citizens against purchasing real estate in Israeli-occupied Palestinian territories. The advice to be posted on the Foreign Office website has caused an Israeli MP to call the move Anti-Semitic.   The advice, to be posted on the Foreign Office (FCO) website warns that potential purchasers of property in a settlement should consider...

The UK’s professional body for estate agency personnel the National Association of Estate Agents (NAEA) report on falls in UK house prices but also provide positive news that may indicate hope for the British housing market  The NAEA www.naea.co.uk/  monthly house price survey indicates a dramatic fall in prices  across the UK however amongst the gloomy figures saw glimmers of hope. This silver...

The UK property market is a buyers market and is offering property investors opportunities never seen before and for one famous entrepreneur this also means property websites   One of the UK’s most high profile and successful entrepreneurs has been appointed chairman of a leading property website, www.look4aproperty.com James Caan says the move demonstrates his confidence in the UK housing market....

The Belfast Telegraph report on an apparent overseas property scam which has resulted in Bernadette McGeary facing charges of obtaining money by deception. The alleged scam involved both life style buyers and overseas property investors who bought properties in Spain.   The property buyers paid half the cash up front for their Spanish homes but they never received their holiday homes or their money...

Poland’s economic growth for all of 2008 looks to come in at slightly over 5 percent, according to the country’s Economy Ministry. Growth for the first quarter of the year was 6.1 percent, the second quarter was 5.8 percent and the third quarter was 4.8 percent. That compares quite favorably to EU nations, who saw a 0.2 percent drop in GDP for the third quarter of the year.   While the Polish...

Turkish Airlines has extended the deadline of a tender for 105 planes to Jan. 19 at the request of Boeing and Airbus, the airline said on Thursday. Turkish Airlines (THY) announced the planned plane order on Oct. 14 and the tender was scheduled for completion on Dec. 17. The order, worth over $6 billion at list price, reflects a bid by one of Europe's fastest growing carriers to strengthen its position in...

The Grand Hyatt Bali has reopened following a US$35 million renovation. The hotel undertook complete renovations of all its rooms and suites, as well as to the lobby, restaurants and Grand Club. There are also some new facilities for the property, including the Kriya Spa and an additional Grand Ballroom.   “While introducing contemporary features to refresh and revitalize Grand Hyatt Bali, we also took...

London 19/12/08-The UK pound is almost at parity with the Euro, a startling slide for the currency. The new lows for the pound came after the British government released official figures showing the budget deficit hit a record high in November.   These figures show that the government will have to go further into debt as announced tax cuts will cut into revenue figures even more. The pound fell at the...

Despite the ongoing political pressures in Thailand, Phuket developments are still going strong. 30 new hotels are at various stages of development and construction in the country’s resort capital, according to information from hospitality consulting firm C9 Hotelworks. Nearly 5,000 new rooms are scheduled to open over the next three years, adding to the nearly 40,000 rooms already on the...