Overseas property buyers purchasing Cypriot property may be unaware of the legal position regarding their assets if the die in Cyprus. Lawyers at Pro Act Partnership a legal company specialising in expat Legal & Tax advice has clarified the position that may surprise many expats with homes in Cyprus. Cypriot law diifers with UK and other European laws when it comes to dealing with a persons Will....
Irish spend on real estate in 2008 is forecast to fall to €15 billion, down 60% from €45 billion in 2007 and a phenomenal 73% down from the peak of €54.4 billion in 2006 according to Joan Henry, Head of Research at Savills Ireland. This is one of the main findings of Property Outlook, Savills regular property commentary. Savills say it is imperative that the government and the banks take immediate...
The Australian property market may be over the worst as it sees a small percentage rise in house prices. The Australian online newspaper report that the Australian residential market prices are growing by 0.3per cent for the October quarter -- after falling for the past six months. It may not seem much, but it is the first two consecutive months of growth since the housing downturn began, according to...
Normally, Orlando is a busy and expensive holiday destination for travelers and even those with second homes. But with the economic uneasiness this year, Florida’s vacation capital has plenty of good deals from hotels to resorts to airfares, and there are many great deals for those who want their own place in the sun. Airlines are cutting prices to fill normally busy holiday flights to popular...
Property prices in Vietnam have fallen, particularly in the major cities of Hanoi and Ho Chi Minh City. According to some reports, the drop in prices has brought them back to be more in line with their real value, which may spark some interested buyers to return. Investors are encouraged by the local market conditions and encouraged by the situation. Hotels and properties that serve the tourist market...
Tourism increases to Central American countries from Europeans is on the rise with the British leading the way. According to reports 50,939 Britons visited the region from January to June 2008, which is 11% more than in 2007, when 45,778 arrived during the first quarter of the year. The figures coincide with an announcement that a new promotional campaign is being undertaken by the Central American Tourist...
Nicaragua tourism industry has become one of the countries major factors in its increased economic success. During the last 10 years, the tourism industry has been one of the most dynamic of the Nicaraguan economy, reporting an annual average growth of 13 percent in visits and 11 percent in tourism receipts. Additionally, investments in this industry in 2007 grew 14 percent in comparison to 2006, reaching...
A new report from the Luso-German Chamber of Commerce indicates that German businesses are more satisfied in Portugal than in other European countries. The head of the chamber, Patrick Schwarz noted that “around 85 percent of German businesses in Portugal are satisfied with their choice of location, in comparison to 80 per cent of businesses in France, and 78 per cent in Spain and Italy.” The survey...
The owner of Sheraton hotels has plans to spend €4 million in the final months of 2008 and 2009 to renovate its Polish properties and to launch a spa in Sopot. Starwood Hotels and Resorts, which owns Sheraton, indicates that the spa in Sopot, along the Baltic Coast, will be the largest in the region. Sopot is just up the coastline from Gdansk "The center will be launched in the middle of 2009. It will...
Prices for homes on Dubai’s Palm Jumeirah Island have fallen significantly over the past several months, with some dropping as much as 40 percent. A four bedroom villa on the island is selling for 10 million UAW dirhams, or approximately £1.8 million. That’s down from 15 million dirhams in September, according to some property sources. The Palm Jumeirah is the largest man-made island in the world,...