Reports from the City of London indicate that there has been a rush from investment funds into Irish Banks. This is after the government of Ireland moved to quell a run on banks in the country when it guaranteed retail deposits for the next two years. Finance Minister Brian Lenihan indicated that all savings at Ireland’s six banks would be protected until September, 2010. Additionally, the government...
Investors in Indonesia are driving up the prices and values of property in the country and region as they shift more money into real estate from bank deposits, according to Housing Minister Yusuf Asy´hari in an interview with Reuters. Many wealthier investors are looking for higher returns than their low yield bank deposits, and real estate is benefiting. According to the Indonesia Property Study Center,...
The St. Regis Bali Resort has just opened its doors and, on an island of spectacular resorts, aims to be among the most exclusive and luxurious. It sits on a gorgeous beachfront location on the southern tip of Bali in Nusa Dua, an elite enclave, and has wonderful views of both the Indian Ocean and the nearby Bali Golf and Country Club. This brand new luxury resort property has a total of 121 suites and...
Property development company Maexpa International seem to be bucking the global trend for construction companies by developing several projects in both Portugal & Poland. The developer goes further still against the tide of gloom by concentrating on high end real estate developments and investment properties. David Black sales Executive Maexpa International “ Maexpa International is part of...
Rental rates on the world’s first man-made island development, the Palm Jumeirah, off the coast of Dubai, are soaring. The new properties on the island are proving to be even more popular than expected and more people are willing to pay to live there. According to several property and estate agents in Dubai, the high demand and low availability is causing prices to double since the beginning of the...
Just south of João Pessoa on the easternmost tip of Brazil is the small fishing village of Carapibus. Here, the governments of both the state and country are investing heavily in infrastructure and tourism so that this is going to be one of the most popular areas in Brazil in the years to come. One of the newest off-plan developments in Carapibus is Vista Morena, a beautiful new apartment hotel...
Architect designed property built on a golf course seem to be a trend developing to help sell property abroad. Two examples are in Spain at Nuevo Portil and in Portugal at Bom Sucesso both developments combine superb golf facilities with well known architects and it may be the killer combination to sell overseas property Just outside of Huelva along the Costa de la Luz is the idyllic golf course and...
The top US cities for house price appreciation have been rated by real estate market predictor HousingMarket.com and the Mississippi city of Biloxi is coming out on top for 2008. The city was heavily damaged by Hurricane Katrina in 2005, but looks to see a 4.9% appreciation in housing prices for all of 2008. The government sponsored GO Zone act, or Gulf Opportunity Zone, has helped to drive the...
Madeira is celebrating its 500th anniversary with many events and celebrations, including a visit from some of the world’s most famous tall ships. Funchal, on the southeast side of the island, is center of a year long celebration and is hosting the Funchal 500 Regatta. A fleet of some 25 tall ships will race from mainland Portugal to Funchal, where they will participate in a maritime festival and...