All 27 members of the European Union approved measures on Tuesday, October 7 to combat the banking crisis that is threatening to overtake the continent. The finance ministers agreed to raise guarantees for bank deposits, laid out common principles for rescuing struggling banks and temporarily relaxed accounting rules to help banks avoid fire sales.   "We will be ready to respond as the situation...

New experimental housing in Finland is designed to virtually heat itself according to the developer. A new development of semi-detached homes is being constructed in Tikkurila, Vantaa, north of Helsinki. The homes are being constructed without separate heating systems and will draw heat from the household appliances, lighting and people.   These homes will be more compact and have a high degree of...

While the US Congress put its financial bailout bill in place, the state of Florida was also working to help take the sting out of the economic problems that have hit the state and its real estate industry. Governor Charlie Crist recently signed an executive order that opens up $571 million in state-backed financing that developers and buyers of real estate can access.   The hope is that developers will...

A major new theme park and entertainment development project is being planned for South Africa. Amazulu World will be a multi billion dollar themed entertainment and mixed-use destination development on the north coast of Durban according the Dubai based developer, Ruwaad.   The new project is set to be a master-planned community covering some 16,500 hectares of land. It will be the largest development...

The Hurghada Village Apartments is a new off-plan development in the popular resort town of Hurghada, Egypt. Located along the Red Sea coast, this city is one of the main tourist destinations in the country and has been growing rapidly in recent years. This new property development is situated away from other apartments and offers a nice holiday home with a bit of privacy as well.   There will be five...

The prospect of owning a million dollar home in the sunshine state of Florida is causing quite a stir with British buyers at the overseas property website Homesgofast.com.   Taking place on November 8th 2008 is an online auction that will see luxury Florida real estate going under the hammer. The luxury homes auction is being organized by Orlando-based British Homes Group, (www.britishhomesgroup.com) in...

Home prices for private residences in Singapore fell by 1.8 percent in the third quarter of 2008, according to the latest flash reports form the Urban Redevelopment Authority and the Housing Development Board. While the overall market for public housing grew by 4.2 percent in the quarter, this is the first time that private property prices have fallen in four years.   Singapore’s Housing Development...

The world’s largest real estate investment event is taking place from the 6th of October through the 9th of October at the Dubai International Exhibition Centre. Cityscape Dubai 2008 is the 7th annual edition of this business to business development show.   Cityscape Dubai is for people and businesses in all parts of real estate and development, both regionally and internationally. Investors, property...

Dubai’s latest grand plan for new buildings and developments is an entire city in the shape of a pyramid that will be eco-friendly. The Ziggurat is being developed by Timelinks, a Dubai based environmental design company, and is named after the ancient Mesopotamian temple shaped like a pyramid. The city is being exhibited at Cityscape Dubai from 6 – 9 October at the Dubai International Exhibition...

On what is one of the most desirable locations in St. Lucia, The Marquis Estate is being developed into one of the most spectacular developments on the island. Once one of the largest private estates on St. Lucia, this property is now being transformed into some of the most desirable residences anywhere. There will be a full range of properties and amenities here, with an 18 hole golf course, luxury hotel,...