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...
The plans to expand the largest budget airline hub in the UK were recently approved by the government. At the same time, the major carriers who use the airport threatened to move flights away from the Essex airport if they are forced to pay for the expansion through increased user fees. Ryanair and easyJet operate the most flights out of the airport and are warning that the expansion could mean less,...
13/10/08 London- An auction of prime Florida property is taking place on Saturday 8 November at 3PM UK time. Unlike other property auctions this one is taking place online and is set to save bidders thousands in travel expenses and in the price they pay for a home. There are currently over 18 properties that will be auctioned off with original asking prices from the low $600,000s to $2.5 million....
The worldwide financial crisis is expected to put a serious damper on growth in 2009, according the International Monetary Fund (IMF). Managing Director Dominique Strauss-Kahn said recently that growth for 2009 will be virtually nonexistent across the globe, with major markets looking to contract. He indicated that emerging nations will take a hit economically, but that countries such as Brazil will in...
The government of Spain has approved the creation of a €30 billion fund to buy mortgage debt from banks in a bid to help stabilize the industry and keep credit flowing. The fund could be extended to €50 billion if necessary, according to the government. Deputy Prime Minister Maria Teresa Fernandez de la Vega said that “This is a way to re-establish the normal functioning of our financial system, a...