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...

Tiger Woods won the Dubai Desert Classic Golf Tournament in spectacular fashion over the first weekend in February, 2008. Woods birdied his last two holes and five of the last seven for a 7-under par round of 65. This win was his largest comeback in nearly eight years as he rallied from a four shot deficit to beat Ernie Els and runner up Martin Kaymer.   Martin Kaymer, from Germany, won two weeks ago in...

Panama City, Panama is seeing a real estate boom that is drawing the interest of international property investors. The city, located on the Pacific Coast of this Central American country, is seen as one of the hottest places for property in all of Latin America. There are currently more than 35 high rise buildings under construction and more than 300 additional projects in the planning stages. If all the...

4/02/08-Tesco has set the cat amongst the pigeons of UK estate agencies and property portals by announcing that it intends to launch an online estate agency service. The financial strength behind Tesco could see undercutting the traditional estate agencies. The move is response to the difficulty it experienced with it private sellers website services. Rightmove and Primelocation could also be forced,...

 4/2/2008-Sterling started the week full of promise, pushing up through $1.98 to make repeated tests of $1.9550. On Friday the music stopped and the Pound slumped nearly three cents. It eventually found support at $1.9650 and renewed enthusiasm in the Far East this morning had taken it almost to $1.98 by the time London opened. It was therefore virtually unchanged on the week.There were some surprises...

Prague is changing with brand new property developments springing up over the city. It is also attracting overseas property investors to buy property in the city. For many people, the city of Prague leads to thoughts of beautiful old architecture, cafes and the bohemian lifestyle. Lately, though, the capital city of the Czech Republic is seeing some fast rising developments alongside international...

According to the National Association of Realtors, (NAR) the final number of existing homes sold for 2007, including condos, single family houses and co-ops, came in at 5.652 million units. That’s compared to 6.478 million units sold in 2006.   While prices and mortgages remain relatively low, making it a good time to purchase a home in the United States, the market has been showing an uncharacteristic...