Brazil is set to join the oil rich nations that have seen their property markets sky-rocket on the back of rising oil prices. Two oil and gas discoveries in the last three months off the coast of Rio de Janeiro will catapult Brazil into the top ten list of oil producing nations. With oil starting to flow in 2010, the economy of Brazil and thus property prices are expected to receive a major boost. Brazil...
25/02/08-The property market in Mauritius received a huge boost today as a heads of agreement was been signed between the SPDL (Sugar Investment Trust Property Development Limited), a subsidiary of the Sugar Investment Trust (SIT) of Mauritius and O&C Mauritius. The agreement will see the development of a fully integrated resort covering 165 acres at Le Bouchon site on the southern part of the...
The Canary Wharf area of London, which has grown tremendously over the past few years, is still seeing significant growth. This area, once home to a bustling port and docks, is now one of the most desired addresses in the city for both businesses and homeowners. It is home to major international corporations, thousands of residents and hundreds of retail shops and restaurants. Additionally, there are...
25/02/2008 -A Place in the Sun Live billed as the world's largest exhibition of overseas property is coming to Manchester UK for the first time. The official exhibition of the UK Channel 4 TV programme, A Place in the Sun Live, helps eager British overseas buyers find their dream place in the sun. The show attracts overseas property investment, holiday home hunters and those seeking retirement property,...
Most residents living in the Spanish village of La Viñuela in the Axarquía, Málaga province has received a letter from the local town hall. It asks them to pay a so-called ‘voluntary tax’ of between €6,000 and €12,000 in order to legalise their unlawfully constructed home. Around 50 of the inhabitants affected are British, some of who have already paid this peculiar tax. However,...
The historic town of Obidos in Portugal has been turned into a chocolate lovers dream with its annual chocolate festival. The event is due to come to an on 24th February 2008 but will take place all over again next year. Obidos is a picturesque village near the popular Silver Coast. This small town, about 75 kilometers north of Lisbon is circled by a wall and was once a stronghold with its own castle....
The Sunday Times reports that that despite a GBP100 million price tag the super rich have been snapping up luxury designer property at London’s One Hyde Park. The luxury apartments which were designed by architect Richard Rogers are due for completion in 2010. Knight Frank one of the estate agents promoting the development said sales had totalled more than GBP 500million with the average price of an...
18/02/2008- The British economy generated some intriguing inflation figures. First was the Producer Price Index, which measures manufacturers' changing costs (input) and the prices they are charging for products as they leave the factory (output). Because they represents the first two steps on the way to the shop, PPI input and output prices are a pointer to what will eventually happen to consumer prices....
14th Feb 2008 London- Cheaper overseas investment property in Dubai, Brazil, Egypt, Turkey and the US appears to be the investing trend for 2008. Enquiries to the overseas property portal Homesgofast.com (https://www.homesgofast.com from over 170,000 visitors in January 2008 give an early indication of the most sought after locations; they point to an investor trend towards lower priced properties....
The northern African country of Morocco is booming for visitors and home buyers. This land of sun and sea has attracted many of the rich and famous in recent years, and now the country is focused on attracting tourists in larger numbers. Sting, Mick Jagger, Princess Alexandra, David Bowie, Vanessa Branson, and Alain Delon, among others, have been buying their own coastal homes and palatial houses around...