News

A brand new seventy storey tower officially opened in Panama City this month raising the standard for luxury property in Panama.  The Trump Ocean Club bears the name of one of America’s leading entrepreneurs and is one of the tallest buildings in Central America.  The newly opened tower also boasts some of the most expensive […]

EU leaders have announced a second bailout package for Greece, this time involving private as well as government investors. This could in time be seen as a partial default by Greece, when the credit agencies such as Moodys and Standard & Poors next produce ratings, but for now the perception is that the outcome is

A leading analyst has suggested that property in Malaysia is facing an uncertain time in the remainder of 2011 as the country comes towards the end of a two year property upturn.  With property stocks in neighbouring countries being downgraded in the light of increasingly challenging credit conditions, property in Malaysia could be facing a

A leading Spanish property lawyer is defending almost a hundred Northern Ireland families in a property scam worth six million euros.  The bogus scheme dates back to 2005/2006 and relates to a number of off-plan apartments at the Estepona Beach and Country Club in Spain. 6 million euros swindled from investors in scam The families

The largest luxury development in Kuala Lumpur is set to see its first residential tower in 2011.  This is after the property development arm of the Naza Group recently announced that it is launching three luxury residential towers worth more than RM1 billion (£207 million). The projects will increase the luxury property for sale in

Markets around Europe are bracing themselves for the release of the ‘stress test’ results at 4pm UK time today – which will be the result of the most comprehensive review of banking and credit in the EU since the global financial crisis in 2008.   Between 10 and 15 European banks are expected to fail

Economic uncertainty and a desire for homeowners to pay off their mortgage debts have resulted in a slight fall in property prices in Australia over the last year. The most recent data from the RP Data-Rismark Hedonic home value index shows that there has been a 2.7 per cent fall in house prices in Australia’s

Foreign tourist arrivals continued to soar on Lanzarote last month, according to the latest data just released by AENA, the Spanish airport authority.  As 132,777 passengers passed through Arrecife airport – an increase of 20.7% versus June 2010 figures.  Whilst overall the fourth largest of the Canary Islands has now welcomed 842,561 foreign holidaymakers during

The latest figures from the National Housing Bank in India showed that property prices in seven major cities fell in the first quarter of 2011.  However, there was some regional variation to the figures with prices rising in other parts of the country. Prices of property in seven Indian cities fell by between 2.6 and

  Rises in income levels and an increase in domestic demand are set to result in prices of property in Bulgaria rise by 5-6 per cent on an annual basis.  That’s the view of a leading asset management fund manager who believes that smaller, stable price rises are more likely than the short-term explosion in