The film studio behind James Bond is embroiled in a row over a £130,000 bill for empty property rates, the controversial ‘bombsite Britain’ tax making businesses pay full rates on empty space. The revelation comes on the day a No 10 petition is being launched to fight the tax which is hitting firms in all regions of the country.Columbia Pictures Corporation, the studio behind Quantum of Solace, has...
The pretty fishing village of El Rompido situated on the Western tip of Spain’s Costa de Luz has been thrust into the limelight by Spanish national tourist board that have chosen the area as part of a promotional campaign. Spain’s board is currently using the idyllic picture-postcard beach of El Rompido in Huelva in an international print advertising campaign. Andrew Benitz, Director of Titan...
Brazil has been one of the most attractive emerging property markets for the British overseas property buyer, however recent exchange rates have been eroding the savings being made on Brazilian real estate. The pound is weaker than ever against the euro (just 1.25€/£) making that holiday home in Euroland all the more expensive whilst even the dollar has rallied back up to 1.57$US/£ so we can no...
The Middle East country of Bahrain is growing by leaps and bounds these days. In addition to a number of new construction projects that have been announced and are under way, the Persian Gulf nation has also been the recipient of other news that will make life there more enjoyable. New York City retail giant Saks Fifth Avenue just announced plans to open its first store in Bahrain. The 57,600 square...
India’s first monorail is being planned for Mumbai, and others could follow. The new transportation system will connect with the existing suburban rail system and a new metropolitan railway that is being designed. It will link the west and northeast of Mumbai and should help to ease congestion in several parts of the city. The monorail will have 18 stations, a fleet of 15 trains with four cars each...
The demand for real estate in Dubai continues to outstrip supply and is likely to continue to do so for several years, according to news from the World Economic Forum’s Global Agenda Summit in Dubai. Mr. Mohamed Alabbar, Chairman of Emaar Properties and Co-Chairman of the World Economic Forum’s Global Agenda Summit addressed the final plenary session of the Summit. Mr. Alabbar noted that the...
Property sales in Canada continue to drop as the fallout from the global economic crisis hits another country that presumed it was immune from the major problems. Toronto, once one of the fastest growing markets in the country, has seen a 35% drop in sales over the past year, according to the Toronto Real Estate Board. There is still optimism that Toronto, and Canada, will escape a more severe downturn...
While the economic downturn hitting the UK is not good news for most people in the country, it could be good for the environment. A committee of MPs says that the government should revise its target to build 3 million new homes by 2020. Greenfield sites do not need to be built on if there isnââ¬â¢t a need for the housing, according to the group. Gordon Brown announced last July that he wanted...
Dubai-based Jumeirah Group is set to construct and manage the world’s first polo-dedicated resort in Argentina. The Jumeirah Culu Culu Polo Lifestyle Resort will be located in Lobos, Argentina, about an hour from Buenos Aires and just 30 minutes from Ezeiza International Airport. Located in the town of Lobos, Argentina, and nestled amongst over 1,200 acres of an untouched bird sanctuary and lake is...
The German government recently approved a stimulus package worth some €29 billion in order to help the country weather a global economic downturn. The stimulus program includes tax breaks on purchases of cars, loans for businesses and money for roads, highways and railroads. German Chancellor Angela Merkel announced the package, calling it bold: “We will have difficulties in 2009,” Ms. Merkel said...