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Vista Morena, Brazil Tipped For Property Investment

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 Golf Property Trend

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...

Bulgarian Holiday Property Market Looks to Remain Solid

Despite the meltdown in the United States’ property market and financial industry, the holiday market for Bulgarian property should remain reasonably steady, according to a news report at investor.bg . Vesselin Krustev, a manager with local real property consultant Orange Real Estates, told the news site that the Bulgarian real estate market should remain stable and attractive over the next few...

Top 25 US Housing Markets

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 Celebrates its Past and Present

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...

Citigroup Buys Wachovia Banking Operations

In the US its seems there in no end to big company buy outs the latest take over comes from Citigroup which have agreed to buy Wachovia’s banking operations, a move that that would concentrate power within the nation’s banking industry in the hands of a few giant lenders.   Citigroup will absorb up to $42 billion of losses in the deal, with the FDIC covering any remaining losses, the government...

Middle Class Americans Forced To Sleep In Cars

A recent BBC News report highlights the alarming trend in people sleeping in their cars as a result of being made homeless after the collapse of the housing market and credit crunch.   BBC Reporter Rajesh Mirchandani describes the depressing scene of a typical car park in Santa Barbara in which a car park across the street from luxury mansions sees the arrival of few cars that take up spaces in different...

Office Property Prices

A raft of new surveys by international real estate and research firms are out looking at the costs for the top international markets for office space. Typically, these surveys look at the costs to set up an office in a city or area of a city during the first half of 2008. These costs include property rental, taxes, services and transportation costs and are put out by, among others, Colliers, Cushman and...

New US Home Sales Report

New home sales in the United States dropped in August to the slowest pace in 17 years as average prices also fell significantly, according to report released by the US Commerce Department. In August, new home sales fell by 11.5 percent to a seasonally adjusted annual rate of 460,000 units. That’s the slowest pace for new homes since 1991.   Economists in the US had been expecting about a one percent...

Donald Trump to Build in Bangalore, India

American real estate tycoon Donald Trump recently announced that he was about to move into the Indian market. His first move will be to construct a 47 story high rise luxury residential tower in the heart of Bangalore and will cost some 500 crore rupees.   The new project is set for construction on a one acre site at the intersection of Brigade Road and Residency Road near the central business district....