In a study, the Global Property Guide (http://www.globalpropertyguide.com) examines the landlord and tenant systems of 19 Caribbean countries and territories in terms of rent control, security deposits and tenant eviction. With contributions from local law firms, each economy is rated as strongly pro-tenant, pro-tenant, neutral, pro-landlord or strongly pro-landlord. The study notes that, against...
The launch of property development in Saudi Arabia signals a new phase in the future of real estate in the largest country in the GCC .Damac properties announced their latest project a residential tower called Al Jawharah. The new Saudi Arabian Tower will be located on the Jeddah Corniche alongside the Red Sea just a few minutes drive from the Hilton Jeddah. Investors and those buying to live will...
The last 3 years has seen Brazilian real estate causing a flurry of activity amongst individual and small overseas property investors. Now the big guns in real estate investment have arrived to take advantage of a growing Brazilian economy. Morgan Stanley Real Estate has seen the light and has reported their intentions of expanding into Brazil. The region has managed to keep inflation...
Hilton Hotels are working closely with Morgan Stanley Real Estate and have recently signed an agreement to sell up to 10 Hilton Hotels. The sale goes to a fund managed by Morgan Stanley Real Estate for approximately €566 million which is approximately US$770 million. The finer points in the mega deal see Hilton and Morgan Stanley Real Estate agreeing upon long-term management contracts on five...
Successful Rap Artist 50 Cent real name Curtis James Jackson is selling his 52 room Connecticut mansion that he has reportedly spent some 6million Dollars on in renovations. The house which was once owned by Boxer Mike Tyson was bought by 50cent in September 2003 for a cool 4.1 million Dollars. The house benefits from its own Helicopter Pad and offers plenty of room covering 48,000 plus square...
Agents and buyers interested in off-plan international real estate investment but worried about the financial situation and honesty of the developers will be helped by a new program. The International Developer Information Pack, or IDIP, can help protect both buyers and sellers of off-plan property by providing them with independent due diligence reports on the property and developers. Anyone who...
International real estate investors often take a chance when they purchase off plan property. Unscrupulous developers can use language differences and local laws to take advantage of foreign buyers . Some real estate agent have been guilty of making false promises on behalf of developers to clinch a sale. Other agents may be acting in good faith and may not know they represent a bad developer. Now, any...
A list of the top ten locations with the most expensive prime property in the world reads as follows: London, Monaco, New York, Hong Kong, Tokyo, Cannes, St. Tropez, Sydney, Paris and Rome. As per the ‘Wealth Report 2007’ by estate agent Knight Frank and Citi Private Bank, London takes the top honors with prime property registering a cost of 2,300 pounds per square foot. Monaco comes a close...
The hike in home loans rates in India is having a slowing down effect on the property boom. In the last few years the interest rates on home loans has increased by about 3 percent. Recently the premier ICICI bank hiked its interest rates for new customers by 50 basis points (0.5 percent). This meant that the current floating rate stands at 11 percent. One and half years back it was 7.5 percent. For...