A new luxury development located in New Cairo has recently been announced by DAMAC Properties and is billed as the Most Exclusive Residence in the country. The property is to be called Hyde Park and is situated on 4.7 million square meters of land. There are plans for over 3,000 villas, both detached and attached to others. It will be a gated and secure community with 24 hour security. Luxury Properties...
The Singapore real estate market has been on a decided upswing in recent years, and it has been drawing a wider attention of foreign investors as a result. Prices in the small nation in Southeast Asia have been rising rapidly, with 2007 residential prices increasing by over 30% for the year! According to the Singapore Urban Redevelopment Authority, prices for residences rose 6.8% in the fourth quarter...
London 12th February 2008- Moneycorp report on the movements behind Sterling last week as it touched highs close to $1.98 Last week's market was typified by strange reactions to odd figures. For Sterling the first of these was the Halifax house price index. It had been expected to fall and it didn't. Yet there was no relief rally for the Pound. A surprise improvement in the UK services sector...
One of the most famous soccer stars on the planet David Beckham has announced plans of a football academy in Natal Brazil. He describes the new facility as one of the best in the world. During his visit he explains that Natal is a place of tremoundous excitement owing to new hotels and property in the area. The husband of posh spice also feels that Natal Brazil is an area that will attract celebrities...
Home prices for South Africa have tailed off after seeing double digit increases for most of 2007, according to the most recent news reports. The average rate of growth for all of 2007 was 8.3%, which was the lowest in the residential market in seven years, according to The Times newspaper of South Africa. The median house price in January, 2008 was 570,000 rand, or a little less than £40,000. While...
For years, the Central American country of Costa Rica has been the place for international real estate investors. With its low cost of living, reasonable property prices and Caribbean coastline, it has much to offer. Now that the market in Costa Rica has matured, other Central American countries are becoming targets for international investors. Nicaragua, just to the north of Costa Rica, is a great...
Philippine property developer Rockwell recently announced two new development projects that will be launched this year in the Metro Manilla area. According to Philippines’ Business World newspaper, officials from Rockwell will begin work later this year on a one-hectare center in Makati City and a 5.5-hectare residential development in Pasig City. The Grove, the new residential project, will be...
The Bank of England cut interest rates from 5.5% to 5.25% amid signs of an economic slowdown and flat housing prices. This move comes on the heels of two rate cuts in the United States, where the Federal Reserve has lowered key rates to 3% from 4.25%. The Bank of England indicated it was unlikely to cut rates as much as the US because of fears of inflation. While the bank indicated that it needed to...
Real estate agents in the US will be looking closely at a case where one of their own is being sued by a former client. The disgruntled home buyer is taking the agent to court to try and claim compensation for buying an over priced house. The claimant alleges that the real estate agent was aware that the home was over valued by $30,000 and hid this fact to claim a larger commission. The New York Times...
Nigel Bailey Director of UK based property company Red Sea Developments is working hard to attract families not hard nosed investors to the companies new development in Hurghada Egypt. The move is in response to international property investors from Germany Russia and the UK who have been buying up developments in the area. Hurghada is not as well known to most tourists unlike Sharm El...