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Las Vegas is Growing, Again

Las Vegas is growing once again with a number of new real estate projects under way in the area. These condominiums, hotels and mixed use projects are transforming the gambling capital of the world into a more livable and, in many cases, sustainable city. The downtown area is in the midst of an unprecedented shift with its new public facilities, transportation projects, galleries, clubs, shops and more....

Olympic Architects Design High Rise in New York

Herzog & de Meuron, the architects of Beijing’s Olympic Stadium, commonly called the Bird’s Nest, as well as Munich’s Allianz Arena, have designed a residential skyscraper in New York City called 56 Leonard Street. This is the Swiss firm’s first high rise property development and is a 57 floor condominium tower in the Tribeca area of Manhattan.   The new development will be as unique as the...

Casco Viejo is Poised to Be Panama City Hotspot

The old Panama City neighborhood of Casco Viejo is on the brink of becoming the newest property hotspot in this booming Central American country. This oceanfront community of old Spanish colonial homes sits on a small peninsula along the coast of Panama’s capital city. It is a booming nightspot and many of the old buildings are in the process of being renovated into condominiums, apartments, hotels,...

Sri Lanka plans Bali Style Resort Destination

Sri Lanka is planning to promote its northwestern coastal area of Kalpitiya as a resort destination, much like Bali is for Indonesia. The area has 14 islands on which eco-friendly resorts can be built according to the Kalpitiya Integrated Tourism Development Project (KITRP).   Sri Lankan Tourism chief Renton de Alwis said that “we will promote Kalpitya as a destination.” He continued, noting that...

Demand for Office Space in Bangkok on the Rise

Despite the ongoing political turmoil in Thailand, demand for office space in Bangkok has continued to pick up so far this year, according to a new market report from real estate firm Jones Lang LaSalle. There has been 65,000 square meters of office space being taken in the first half of 2008, which is an 80% increase from the second half of 2007. Jones Lang LaSalle expects the amount of office space taken...

Silver Bay Opens for Investors in Queenstown New Zealand

Along the shores of Lake Wakatipu, one of the world’s most popular vacation spots is seeing a new development take shape. Silver Bay is a new four season resort in New Zealand’s holiday capital of Queenstown. This world-famous town is nestled along the lake and is surrounded by majestic mountains. There is always something to do year round, and the sites are spectacular at any time.   Nestled on the...

World Expo Ends in Zaragoza Spain

The 2008 World Expo in Zaragoza was brought to an end by Spain’s Spain's King Juan Carlos and Queen Sofia on September 14. The expo was visited by six million people over three months. Fireworks lit up the night sky over the 25-hectare (62-acre) grounds of the fair, whose theme was "Water and Sustainable Development", after the king officially declared the event closed.   Unlike previous host Sevilla,...

Overseas Agents Not Happy With Rightmove

In an survey taken by Globaledge, an online real estate strategy and analysis website, overseas property agents voted for their favorite and least favorite international property portals online. The UK market leader, Rightmove, did not fare well among agents voting that the site was too expensive.   The survey asked overseas real estate agents what internet portals they use and why, and the results, which...

Southern Albania Enchants Visitors and Investors

Albania’s southern coastline along the Adriatic Sea is a beautiful and charming area that is beginning to draw interest from holiday travelers as well as property investors who are looking for the next big market. The southern coastal activity and resorts are centered on the city of Saranda, while a little bit to the south is the historic town of Butrint and inland is Gjirokastra.   The most popular...

The Bank of Ireland Cuts Mortgage Rates

The Bank of Ireland cut its fixed mortgage rate for the second time this summer to 5.2%. According to news reports, the bank’s move was in reaction to pressure from rival bank AIB. A number of lenders have cut their rates in recent weeks as they do not anticipate a rise in rates from the European Central Bank.   In addition to the Bank of Ireland, IIB Homeloans and First Active also cut their rates in...