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Russian Millionaire Holiday Homes

The Dacha, a traditional Russian country or holiday home, is making a reappearance in the country as the newly wealthy citizens look for homes outside the capital city of Moscow. As the wealth of many Russians has risen, particularly with surging oil and commodity prices, the desire for homes in gated communities has also risen.   James Brooke, a real estate director in Moscow, was interviewed in the...

Jamaica Beachfront Demand is Up

Jamaica has lagged behind many other Caribbean countries in terms of property prices and demand, but that is changing. Prices for beachfront property have been rising over the past several years as demand has increased. The increase has come as hotel companies have also discovered Jamaica and made substantial investments in the Caribbean island.   Some of the new hotel properties on the island in recent...

Less New Homes in UK Being Built

England’s House Builders Association says that only 110,000 new homes are on target to be built for all of 2008, well below Prime Minister Gordon Browne’s goal. Mr. Browne’s announced target for new homes is 240,000 per year by 2016, while current growth levels are projected at approximately 233,000 new households per year. The government’s goal includes having 3 million new homes constructed by...

Antalya Turkey is the Golfers Destination

Antalya Turkey has been recognized as a premium golfing destination by the  The International Association of Golf Tour Operators (IAGTO). The global trade organization for golf tourism, annually presents awards for the best resorts and countries for golf throughout the world, and in 2008 Turkey won for the Golf Destination of the Year – Europe. Ali Sahin, Director of Golf, Cornelia Golf Club & IAGTO...

Home Prices Drop in the UK

During the month of May, 2008, UK home prices dropped 2.4%, according to a report from Halifax, the nation’s largest mortgage lender. Over the past 12 months, prices have dropped 3.8%, after seeing prices rise substantially for several years. The average home price during May was £184,111. The Nationwide building society found that prices fell 2.5% during May in its latest study on housing.   The Bank...

Realtors Association & Overseas Buyers in Florida Boost

The Florida Association of Realtors and international real estate portal Homesgofast.com both note positive movements in the Florida property market. The realtors’ associations’ most recent sales report shows that there was an upswing in existing home and condominium sales in April, 2008 over the previous month. 11,200 homes were sold in April, while 3,900 condos were sold during the month....

Property in France Slowing Good Time To Buy

Property prices in France have slowed over the past year, according to new reports from France’s national land agency, Société d’Amenagement Foncier et d’Etablissement Rural, or SAFER and the Federation of Estate Agents, or FNIAM. For all of 2007, prices rose only by 3% across the country, well below the average of 13% for the past 10 years. Apartments and houses both outpaced the commercial...

Budapest Stock Exchange To Be Shopping Centre

The former home of the Budapest Stock Exchange Vörösmarty Square right in the heart of downtown Budapest is going to be remade into a shopping centre and galleria. ORCO Property Group is developing the center, to be called Váci 1, which is being designed by world renowned French architect Christian Biecher in cooperation with the prestigious Hungarian architect office of Kõnig and Wagner.   Iain...

Luxury Property & Prizes at Exclusive Property Exhibition

12/06/08-The organisers of EPEX 2008, the Exclusive Property Exhibition, have made an open invitation at this years exhibition where visitors can see what is on offer with absolutely no entrance fee. The event takes place at the National Hall, London Olympia, Saturday 21st and Sunday 22nd June 2008.   EPEX, which is sponsored by the Financial Times, is unique in that if focuses purely on the most...

Simon Cowell No X Factor in Beverley Hills

American Idol and X factor judge Simon Cowell has still not moved into his house in Beverley Hills despite having bought the home back in 2006. Even at a price tag of USD$8 million the home was not exactly what the multi millionaire wanted. Mr Cowell demolished the existing luxury home to build his own dream home which today still remains unfinished.   Simon Cowell shot to fame after his unique and...