Nicholas Cage is selling his Las Vegas property. The star of the National Treasure movies is asking a mere $9.95 million for his 14,000 square foot home. It also has garage space for 16 cars and sits on a lot of .36 acre. The house has 7 bedrooms and includes a movie theatre and an elevator.   Mr. Cage has become known is real estate circles as a savvy investor in property. In January of this year, he...

The leaders of the two parts of Cyprus have plans to meet and discuss the future of negotiations for the divided island. Mehmet Ali Talat, president of the Turkish Republic of Northern Cyprus (TRNC) and Greek Cypriot leader Demetris Christofias are to meet on July 25 2008, according to news reports.   Turkey the only country that recognizes the TRNC, which is located on the northern part of the island,...

Two new home developments in Istanbul are showcasing the city’s popularity with both domestic and international property investors. The Yalova Konutlan project, located just outside the center of Istanbul, is going strong with new home sales. Turkish company Orhanlı İnşaat plans to complete the construction of a new housing complex in Istanbul's Kurtköy district by the end of 2008.   The new homes...

Finance lenders in France recently introduced new changes to their policies that they hope will increase international investment in the country. In the past, buyers from the UK and Ireland could only take a loan from French banks that was worth 80 – 85% of the property value for home that was being purchased. The new polices will raise the loan-to-value amount to 90%, increasing the ability of overseas...

Construction of single-family homes in the United States fell to its slowest pace in 17 years in June according to recently released statistics. The US Commerce Department reported that builders began work on new homes in June at an annualized rate of 647,000 units, which is a 5.3% drop from May. That is the slowest pace for new homes in the US since January, 1991.   While single family home starts are...

As real housing prices fall in Scotland, many homeowners and builders are turning to renting their property instead of selling. With the credit crunch and slowing economy hitting buyers hard, more and more owners are looking to get a return on their property by letting instead of having it sit vacant for months at a time.   According to The Scotsman newspaper, sales of houses across Scotland were down...

The Essex countryside is the location of a newly built house said to be the largest house built in recent times in the South East of England. The luxury home which has Approximately 14,365 sq ft of external floor space, 9 bedrooms and 10 bathrooms is being offered for sale by the owner at a cool 5 million pounds.   The county of Essex in England made the news recently as the Home Office issued statistics...

The Greek Island of Samos is benefitting from new ferry service and increased government investment designed to increase tourism. While much of the coastline of this eastern Aegean island is dotted with popular resorts, many outside of Greece and Turkey have not heard of the splendors of Samos.   The new ferry was launched in May and it travels between Bodrum, Turkey and Samos Town’s major port of...

Luxury home prices in the Chinese city of Shanghai are likely to grow in the second half of 2008, according to news reports in the Shanghai Daily newspaper and by real estate firm CB Richard Ellis. While the rest of the city is suffering from a slowing real estate market, the luxury sector looks to stay steady and even see some price increases, due in large part to a lack of land for new...

The Discovery Coast in Bahia State, Brazil is seeing a number of new off-plan developments and infrastructure plans that are driving international investment in this up and coming destination. Turtle Bay Beach and Golf Resort is one new development that is set to draw plenty of international and Brazilian property buyers to this beautiful area of northeast Brazil.   Turtle Bay Resort is located just...