The Hungarian government has made a deal with the European Central Bank to borrow up to €5 billion so that it does not become the next country to become a victim of the ongoing financial crisis. Hungary’s real estate and financial markets have slowed dramatically in the past several months and the country needs the funds to service debts denominated in currencies other than the Hungarian...

Some of the nicest new homes at Ginn Resorts in Florida are going up for auction on November 8, and bidding will take place online and in person in Orlando. These homes are located in three Ginn properties in the Sunshine State: Reunion Resort is located in the town of Reunion, just outside of Orlando; Bella Collina Golf Club, which is in Montverde just minutes to the west of Orlando; and Hammock Beach...

The Dubai based Jumeirah Group has just announced it is opening a new luxury hotel in Glasgow. The £125 million property will open at the corner of Argyle Street and Robertson Street in the heart of the financial district in 2011. The Jumeirah Glasgow Hotel is the group’s fifth hotel planned for Europe.   The Jumeirah Group is a luxury hotel operator and currently runs what is one of the world’s most...

The Asian Development Bank, or ADB, is providing approximately 800 million yuan, or US $116.9 million, in credit that will support green building projects in the People’s Republic of China. The pilot program will see ADB and a private energy management company, as well as financial institutions, work to retrofit existing buildings to save energy. They will also work together to promote the construction...

Celebrity couple Tom Cruise and Katie Holmes are planning to welcome in 2009 at the new Atlantis The Palm Resort on Dubai’s Palm Jumeirah Island. According to news reports, the pair are hoping to make New Year’s evening a star-studded affair with celebs from across the globe in attendance.   The Atlantis Resort and Hotel on the man-made Palm Jumeirah Island is a spectacular mega-resort at the very top...

Marr International Ltd the company behind the successful overseas property website Homesgofast .com have launched their new corporate website and along with it services aimed at the international property industry. At a time when most companies are reducing their expansion plans Marr International are moving toward global online marketing services specifically for the real estate industry. The company is...

Donald Trump recently announced that his real estate company will move into South Africa in a joint venture with local businessman Neill Bernstein. The two real estate moguls will work on a variety of properties, including golfing, hotel and residential developments. They have signed a 10 year agreement, and the next few years are expected to produce a myriad of new properties for sale.   Bernstein, who...

Property sales in France have fallen off a bit so far this year, and analysts expect prices to drop even further next year. According to the national association of real estate agents, property prices will end 2008 down approximately 7 percent from the beginning of the year, and could fall by the same amount in 2009. Additionally, reports are showing that the number of transactions for the first half of...

Prices for homes in Australia have risen in the first half of 2008, according to the Real Estate Institute of Australia (REIA). The REIA report showed median home prices rising across the country to A$459,216 at the midway point of the year, up a slight 0.05% for the quarter and 6% for the previous year. Despite a decrease in housing prices, Sydney still leads the way with a median home price of A$542,000....

The EU has recently announced that it will invest €4 million in a solar energy project in Northern Cyprus, or the Turkish Cypriot State. The European Commission has started a project to build a pilot solar power plant for Northern Cyprus that will be able to deliver electricity to the grid in 2009.   The pilot power plant will generate a maximum of 1 megawatt of electricity and should be up and running...