Actor Brad Pitt recently visited the construction site of a new housing project he helped set up in hurricane-battered New Orleans. The low-income housing project that is being backed by Global Green USA seeks to provide affordable, environmentally friendly housing in the city’s lower Ninth Ward, which was hit particularly hard by the hurricane and flooding. According to the New Orleans Times Picayune...
A new luxury beach resort on The Red Sea at Zafarana Egypt is set to become a property hot spot in Egypt. The 5 star resort is one of a relatively new breed of developments emerging in Egypt and will attract divers, investors and holidaymakers to its virgin reefs and pristine waters. Most people are familiar with the best known diving regions of Sharm El Sheikh, Hurghada and Taba. With huge numbers of...
The district of Fatih, located within Istanbul’s city walls, is one of the favourite residential locations in the city. With two hospitals, numerous public institutions and some 400,000 residents, there are plenty of opportunities for international real estate investors. One part of Fatih, the Balat area, has even been declared a UNESCO World Heritage Site. The Turkish Daily News notes that there...
With UK House prices hitting the roof, many British first time home buyers are looking for every advantage. In Manchester, hard pressed first time buyers struggling to get on the property market are traveling a little further out of the city to find lower priced housing. One new development under way at Stretford Road at Old Trafford has one bedroom apartments starting at 122,000, compared to a similar...
The outlook for the future of real estate in Brazil is still strong, according to investors and experts in Latin American business. Recent news reports indicate that major companies are looking to invest in the Brazilian real estate market. The Latin Business Chronicle also spoke with a number of experts for several articles on real estate in the fourth largest country in the world, most of whom have...
The median house price in the United States is expected to fall for the first time this year since the government began tracking prices in 1950. An article in the New York Times says that the decline will be modest, from 1-2% and may even continue into 2008 and 2009. Over the past year there has been a slowdown in certain markets that were at record levels, such as Florida and Northern California. This...
Built around the world’s tallest building, Downtown Burj Dubai is shaping up as the cultural and business centre of this rapidly rising city and Emirate. Combining the best of modern Dubai and the Old Town with its street level markets and low rise housing, this community will be at the heart of the new Dubai. The Burj Dubai is already the tallest building in the world, surpassing 512 meters, and is...
The boom in the Scottish housing market is slowing, and some think it is coming to an end, according to recent news reports. Figures in the latest quarterly housing report from Lloyds TSB Scotland, as reported by the BBC show a slowdown in price increases, but an increase overall. The second quarter of 2007 saw prices fall in Glasgow by 1.2% and Aberdeen by 1.4%. In the south east outside of Edinburgh,...
Foreign Exchange Specialist Moneycorp report that the Dollar fell back in a game of three halves. Sterling remained steady on Monday and Tuesday, remaining within a cent of its $1.9850 opening level. It moved ahead until Friday, peaking above $2.0150, then slid lower in quiet trading over the bank holiday. It opened in London this Tuesday at $2.0050.The US Dollar's principal problem last week was that...
The average price for a UK home continued to rise in July, according to the latest price survey from Halifax bank, as reported by the BBC. House prices went up by.7% across the UK in July. While prices are still increasing, this is the fourth consecutive month to see an increase lower than 1%. On a yearly basis, the average home price has risen 11.2% over the past year. The price of house in the UK...