With construction booming but a bit uncontrolled in Bulgaria’s capital city, Sofia Mayor Boyko Borisov issued a ban on new buildings in the Mladost Quarter for one year. The ban was in response to residents of the district, who complained and protested about the poorly planned and unchecked growth in their part of the city. The mayor’s order includes a ban on issuing new permits in addition to...

The Caribbean island nation of Turks and Caicos is a favorite destination for international property investors, and infrastructure improvements currently under way will make it more attractive than ever. In addition to being one of the safest Caribbean countries, these islands offer great weather year round, friendly people and a solid real estate market. Several new state-of-the-art hospitals are under...

According to the Organisation for Economic Co-operation and Development the Cape Verde economy grew by 6.7% in 2007 and predictions have it growing by over 8% for 2008. With major infrastructure developments under way and regulatory initiatives such as the Cape Verde Initiative (CVI), Cape Verde should continue to see strong growth in its property sector as well as overall economy.   The African island...

Bulgaria has become one of Europe’s top holiday and second home locations in recent years, and the latest sporting news should only increase interest in the Eastern European country. The Bulgarian ski resort of Bansko has recently been awarded two World Cup downhill ski races by the Federation Internationale de Ski (FIS) to take place in the upcoming season. Bansko is already the most popular ski area in...

The UK based overseas property portal Homesgofast.com reports that a development in Mauritius was so popular with foreign buyers that the first phase sold out in less than 30 days. The property development at Pointe Aux Canonniers situated 150m off Mauritius Grand Bay coast has now responded by launching its second phase.   Mauritius officially named The République de Maurice, is an island nation located...

While much of the rest of the world is suffering from high real estate prices and a credit crunch, Egypt is benefitting due to its low property prices. Many UK residents are seeing their money go further in this Middle East country due to the combination of low prices and a good exchange rate. In addition to buyers, developers are noting the interest in Egypt and working to bring more property online...

For business people and expats who want a home away from home in Thailand, Bangkok’s Sukhumvit district is the place to be. This area of the capital, located southeast of the busy downtown area, is full of high quality hotels and condominiums. Recent sales figures show that the area is increasing in popularity and value for those who want a home here.   Sukhumvit represents the modern heart of Bangkok,...

Mauritius is set to buy the British Airways stake in their national airline after British Airways entered into an agreement to sell its 10.5% share in Air Mauritius for GBP3.2m. The historic moves will see an end to The British carrier’s stake in the company something it has been part of since 1973.   Robbie Baird, British Airways' area general manager for Asia Pacific, said that the investment in Air...

The International real estate price boom that has seen investors heading buying overseas property could be at an end according to the latest Global Property Guide survey of house price indicators.  21 countries in the guide saw decreases in house prices however 13 countries in house price indices saw prices rise during the year to end Q1 2008.   It is clear that where house prices are not falling, they...

This years Exclusive Property Show taking place in London looks like a who’s who of the international real estate industry. With names such as Sothebys, Christies and the Ritz Carlton Club in attendance and lead sponsors Financial Times it will be a luxury exhibition like no other.     EPEX is unique among property exhibitions. Focussing exclusively on properties from £500,000 to £25,000,000 EPEX is...