News

The uncertainty of the Cypriot housing market for overseas buyers has come to a head with Lord Jones of Cheltenham calling upon the British government to close the UK offices of Cypriot companies selling property and to ban the promotion of Cyprus property at overseas property exhibitions in the UK. The calls were made in […]

Emaar Properties recently won the contract to construct the next tallest building in the world, the Kingdom Tower in Saudi Arabia. In a deal worth 100 billion Saudi riyals, or US$ 26.6 billion, Emaar was chosen from a final group of five companies to build the 1,100 meters-tall tower in Kingdom City, Jeddah.   The

For the past few years, the housing market throughout Poland, and in Warsaw in particular, was growing steadily with many buyers and a good bit of interest from abroad. In 2001 the average price of an existing home for sale in Warsaw was 3,200 zlotys per square meter, or approximately US$94 per square foot, and

The real estate market in Switzerland is one of the bright spots in Western Europe this year. It has not experienced the dramatic drop in prices that many other markets have, and the potential buyers have remained strong and committed. One reason for this is the country is an international home to many organizations, companies

The 12th European Dance Festival is taking place in Cyprus through the end of June. The Festival began on June 7 with performances taking place at the Rialto Theatre in Limassol and at the Pallas Theatre in Nicosia.   The countries that are performing in this year’s festival are Italy, Sweden, Hungary, France, the Netherlands,

The Portuguese government is set to launch a new tourist promotion campaign worth a reported €7.5 million. State Secretary for Tourism Bernardo Trinidade recently confirmed the campaign, which will launch in several foreign countries to promote Portugal as a travel destination.   Portugal has sponsored tourist campaigns in a number of European countries in recent

The Turkish government is pushing a plan to promote the Bodrum Peninsula as a tourist destination while controlling growth, and recently declared the area to be an official tourism center. The designation gives the Culture and Tourism Ministry the ability to take over authority for preparing new building plans in the area.   The Bodrum

One of the most highly acclaimed holiday homes in Britain is now up for sale at a cool £2 million pounds in Devon South West of England.  The riverside cottage which is subject to numerous positive comments from newspapers magazines and guides has been reduced in price by the present owners.   The Old Bakehouse

A new report highlights the effects that international real estate buyers have had on the South Florida property market in recent years. Buyers from abroad have helped to grow the popular real estate market in Florida and even as hard times have hit they are taking advantage of the low prices and low dollar value.

Brazil officially entered into recession in the first quarter of 2009, but the contraction was less severe than many had feared. Favorable signs are already emerging and some analysts predict that the economy will be back to modest growth levels by the end of the year.   The Brazilian economy fell by 1.8 percent in