In a city where almost anything is possible, yet another improbable building is ready to take shape. A 60+ story tower will have individually rotating floors and be powered by wind turbines located between the floors. It is currently scheduled to begin construction in 2008 and be completed some two years later. Perhaps even more amazing, this is not even the first rotating skyscraper to be announced...
While news from New Zealand indicates the overall market is fairly quiet, homes at the high end of the spectrum are selling as well as they ever have. The New Zealand Herald reports that the most recent confidence survey released by BNZ chief economist Tony Alexander showed that the housing sector is slowing, but high end homes are selling fast. Many people in the existing home market have noticed that...
The Silver Coast of Portugal, located between the northern city of Porto and the capital of Lisbon, is one of the more popular places for international real estate investors in this country. A new country club and golf courses by Seve Ballesteros and Pete Dye are in the works, and international equestrian star Jessica Kuerten has just opened a new equestrian center Current British Open champion Kuerten...
Almost a third of properties in Bulgaria are being bought by foreign nationals with 20 to 35 year-old Britons now a big proportion of Bulgarian real estate buyers. According to reports Bulgaria has seen a significant increase in the numbers of 20 to 35 year-old Brits buying Bulgarian property. They now account for a fifth (20%) of all UK buyers and are prepared to pay more for their property. The...
The Central American country of Belize, which has been a hidden retreat for the most die-hard adventurers and nature lovers, is showing signs of moving into the mainstream. Several new construction projects are either under way or planned for the former British Honduras. According to the International Herald Tribune, the new projects include the Smuggler’s Run Plantation north of Belize City and Ara...
The island of New Holland in the northeast Russian city of St. Petersburg was created by the convergence of two canals constructed by Peter the Great in 1721. For many years it has stood silent and underutilized, shrouded in mists and secrecy. Now, it is on its way to becoming a major redevelopment story in this historic city. This 18.8 acre mixed-use project will have cultural, retail, hotel and...
Specialist Foreign Currency dealers Moneycorp report Sterling started last week at the psychologically important $2 level. It was not until Thursday that investors made up their minds to take it higher against the ailing Dollar. By this Monday's London opening it had recovered to $2.0250.The Dollar added another week of underperformance to the four that preceded it. The woes of the US residential property...
The boom that has been the housing market in Spain is starting to slow down, according to many analysts and news reports, including one recently issued by Reuters. The slowdown in price growth will actually make overseas property buyers in Spain more attractive especially to the British and Germans who make a large percentage of international buyers in Spain. Much of the slowdown in the housing market...
On an abandoned Soviet airfield in the town of Oranienburg, about 30 km north of Berlin, local authorities are looking to create their own Chinatown like the ethnic enclaves located in San Francisco, Paris, London and other cities. Mayor Hans-Joachim Laesicke told the AFP that “People will work here, live here and at the same time provide an authentic look at Chinese culture.” Architects have...
Canada House prices have shown signs of a continued strength despite worries across the border in the United States. The Canadian Real Estate Association (CREA) has predicted record numbers of sales for 2007 and increasing prices for existing houses. With the rising prices, many people are looking to invest in property, either to build now or for future use. The Canadian financial newspaper The...