23/04/08-The Euro rose above $1.60 the first time ever in late April. After setting a record of 1.6019 it has settled just under that amount. The British Pound continues to hover around two dollars, which is still high, but not as high as late in 2007. The strong Euro has increased calls from European countries for the European Central Bank (ECB) to relax monetary policy and pursue a more growth...
Two international airlines recently announced new service to Dubai and Abu Dhabi, increasing the emirates’ attractiveness as an international destination for businesspeople, holiday travelers and international real estate investors. Germany’s Lufthansa Airlines, which already flies to Dubai daily from Frankfurt, announced new service from Munich. Additionally, Indian carrier Jet Airways announced...
One of Dubai’s premier developments is coming together, with several new facilities recently completed and more on the way. Dubai Sports City, covering 50 million square feet, is the world’s first purpose built sports city. The showpiece golf course, and 18-hole championship course designed by Ernie Els, recently opened, and other facilities are nearing completion. “The Els Club is the first...
23rd April, 2008 -The Bank of Canada cut its interest rate by half a point to 3% whilst noting that further cuts might be necessary. The slowdown in the United States, which is Canada's largest trading partner, has begun to affect the Canadian economy. This has helped to spur the Canadian central bank to make these cuts. The Bank said in a statement: "The Bank is now projecting a deeper and more...
23/04/08-Fractional ownership can be the path to owning luxury property,boats and planes to name but a few. The UK’s top Fractional Ownership Exhibition is set to be the most popular yet and is taking place at Broadgate Event Venues, EC2A 2BQ in the heart of the City of London 28 to 30th April 2008. Oceânico Group who develop high quality beach, leisure and golf resorts in Portugal are the...
21/04/08-Scotland’s biggest lottery jackpot winner John McGuiness has spent more than his £10 million winnings and is facing eviction from his luxury home. The Scottish Sunday Mail reveals that an eviction hearing will be held on Tuesday. It also reports that the South Lanarkshire council have identified a two bedroom council house in the town of Netherburn, near Larkhall, for McGuinness and his...
The Uk Office of Fair Trading has uncovered systematic price fixing and seemingly corrupt practices in tendering for large building projects. The firms accused by the government watchdog include some of the biggest construction companies in the UK including Balfour Beatty and Carillion. The Office of Fair Trading investigation is believed to be one of its biggest and reveals practices that could have...
The Arizona real estate market is sending out mixed messages to international investors considering buying property in the region. The market reports an increase in sales in the condo resale sector whilst at the same time a bank that has expanding into the area records big losses due to the slump in real estate sales. Despite a troubled housing market in the United States, the low price (< $200,000)...
15/4/08-Following the recent success of January’s live Absolute Auction, another auction is to be held this month by Stirling Sotheby’s International Realty in association with The British Homes Group. A top Florida Developer is putting scores of properties on the auction market with no reserve prices and no minimum. The luxury apartments on a development in a fantastic location in Florida will be...