Long seen as the envy of the rest of Europe, if not the world, Ireland’s economy is facing some hard times in the coming months. The vaunted Celtic Tiger economy officially became the first country in the euro-zone to fall into recession, and economists are predicting a tough stretch ahead. “We face stark choices. If we do not make the right ones, it will have catastrophic consequences," Prime...
The average price of a home in Britain is £30,000 less than it was a year ago as prices fell by the largest rate in over fifty years. Nationwide, the country’s biggest building society, said that prices fell 14.6 percent over the past 12 months through the end of October, 2008. That leaves the average price at £158,872 as prices fell for the 12th month in a row. Even though prices are significantly...
Tiger Woods has recently announced that he is working on his first course in Mexico, just his third golf course design anywhere. The new resort, called Punta Brava, is located on the Baja coast of Mexico not far from the border with the US and San Diego. The world renowned golfer has said he won’t spend a lot of time designing courses, so that those he does work on will be more prestigious. “I'm not...
Along the Yucatan Coast of Mexico is a new property development called Flamingo Lakes. This new resort is located near the thriving city of Merida and is an ideal investment opportunity for overseas buyers. The tropical climate is great for year round holidays or retirement living, and there is plenty to see and do here for residents and visitors of all ages. The resort has a wide range of luxury...
For the first time in nearly three years, existing home sales in Florida rose during the month of September compared to a year earlier. This follows the national trend for the month as sales across the state jumped 24 percent from September of 2007. Additionally, condo sales also increased by 11 percent from a year ago. A total of 10,817 existing homes were sold across the state...
The Caribbean island of Jamaica continues to be a popular destination for holiday travelers and second home buyers from abroad according to recent news reports. Jamaica has overtaken Cancun as the third most popular destination for Canadians and is looking to move ahead of both the Dominican Republic and Cuba. Jamaica’s Minister of Tourism addressed a group of travel industry partners in Vancouver in...
The new Paphos Airport Terminal on Cyprus is running down its final checks before opening to traffic in early November of 2008. The 18,500 square meter terminal includes lots of retail spaces and areas for passengers to relax while awaiting flights or arriving at Paphos International Airport (PFO). Paphos is located on the southwest part of Cyprus and is quickly becoming a popular destination for...
Kristijan Curavic Kike, one of the world’s best free divers, has opened his latest dive center in the town of Zadar along the Dalmatian Coast of Croatia. The Curavic Diving Academy in Zadar is the fifth such center the diver has opened and is the largest scuba diving center in Croatia. Curavic is also planning to open another center in Novi Vinodolski. Curavic is working to make Croatians more aware...
Property prices down under are following the lead of many markets in the Northern Hemisphere. The most recent real estate values from New Zealand indicate that the global property and financial crises are hitting the island nation, as prices have fallen over the past year an average of 5.8 percent. Mark Dow of QV Valuations, the group that gathers the figures, said in comments that prices probably...
Bangalore has some of the nicest gated communities in India, and its high-tech industry is attracting wealthy residents from around the world. Rentals for exclusives homes in some of the most prestigious communities in and around the city are now over Rs 10 lakh per month. At current conversion rates, that’s well over US $20,000 and some £12,500! Epsilon Villas is so exclusive that few even know it...