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Canada Real Estate Prices Drop in August

The average price of existing homes across Canada took a big hit in August, falling by 5.1 percent according to data released from the Canadian Real Estate Association (CREA). The average price of a home sold through the Canadian Multiple Listing Service was CAD $316,052 in August, compared to a little over $332,000 a year ago. Additionally, the number of sales across the country dropped by 19.3 percent in...

Financial Rescue Efforts By International Governments

The current global crisis being faced by governments worldwide has provoked various responses to help remedy the situation. The real estate sector is seen as key to consumer and business confidence and has been subject to various degrees of governmental interventions.   The an on-line property research house.Global Property Guide report the latest efforts employed by governments:   In the US, the...

Rap Star Snoop Dogg Plays Zagreb

American rap star Snoop Dogg recently played a concert in Zagreb, Croatia as part of his European tour, which next plays on September 24th in Dublin. The hip-hop star brought the Dom Sportiva hall to life with some 10,000 fans packed in and having a great time on the 9th of September, according to news reports.   Snoop Dogg performed old and new hits as he promotes his latest and ninth album Ego Trippin....

Construction Increases in Lebanon

The Order of Engineers of Beirut and Tripoli have released figures that show construction up by 26.5 percent in the first seven months of 2008 compared to the same period in 2007. Bank Audi’s Weekly Monitor reported that there new construction permits were  issued for 6,074,843 square meters during that time period, which is significantly higher than the previous year. For the month of July, new permits...

Oktoberfest in Munich is Now Under Way

The world’s largest beer festival kicked off in Munich on September 20th as the Mayor of the city tapped the first keg and opened the festivities. The 175th version of the Bavarian folk and beer festival runs until October 5th. This year over six million visitors are expected to join in the fun and have a bit of beer in one of the many beer tents. There are 14 giant tents that have a capacity for 100,000...

Brussels is a European Property Hotspot

The self-proclaimed capital of the European Union has seen a boom in new housing this year, particularly in the European Quarter. Some 1,000 new homes are planned or under construction in the part of Brussels that houses most of the EU institutions. The new homes are spread out amongst 11 building site in this popular section of the city.   According to news reports, real estate agents have noted that...

Madinaty, Egypt is a Spectacular New Property Development

Along the Cairo-Suez highway in Egypt is a spectacular new development that is taking shape called Madinaty. This project, which is spread out over 33.6 million square meters, is planned as an extension of New Cairo and will be a residential and commercial destination for those who want the best of Egypt. Madinaty will include 120,000 residential units, hotels, golf courses, playgrounds, medical...

Explosive Demolition Wakes Miami Florida Residents

The Miami Herald reports of the demolition The Miami Arena at about 8.06 am Sunday 21st September. The huge structure needed several controlled explosions to cause the collapse of the inner sections of the arena which had become victim of nearby competition.   Video footage shows several explosions around the huge structure resulting in the implosion and collapse of the inner walls. The resulting smoke...

Australia Looks for Increase in Property Sales

While times have been tough in recent months for Australia’s real estate sector, several new reports indicate that a recovery is on the way. Archicentre, the advisory service for the Australian Institute of Architects (AIA), notes that there is a strong housing demand and, combined with lower interest rates, the market should pick up by the end of the year.   Robert Caulfield, managing director of...

Richard Branson Invests In Portugal

Billionaire Richard Branson has indicated that he intends to invest heavily in Portugal and may even construct a spaceport in the country in the coming years. The Virgin Atlantic Airways founder recently said he was going to build up to 20 new health clubs across the country and invest in renewable energies. These new projects could create thousands of new jobs when they are completed.   Branson had a...