There was an increase in the number of international departures from Brazilian airports in April, 2009, according to the National Civil Aviation Agency (ANAC). April saw a 3.5 percent increase in international flights when compared to the same period in 2008. The number of passengers per flight also went up slightly as well.. The […]
International Flights in Brazil Increase Read Post »
Hilton Hotels has decided to open a second property in the New Zealand resort town of Taupo as it will take over management of a 113 unit that is already located there. This is the second property for the hotel chain, which opened its first in Auckland’s PrincesWharf in 2001. The company’s move to open
Hilton Ready for Second New Zealand Property Read Post »
The 7th International Sand Sculpture Festival (FIESA) is set to take place in the town of Pera in Portugal’s Algarve region beginning on May 22. It is considered the largest festival of sand sculpture in the world by many aficionados and this year’s spectacle will run all summer and end on October 22. The
FIESA Sand Sculpture Contest Read Post »
Abu Dhabi’s SaadiyatIsland development is set to begin construction work on the St. Regis hotel in July, according to the Tourism and Development Company (TDIC). The construction contract for the hotel will be announced in the next several weeks, while the whole development is planned to be finished by 2020, two years later than originally
Saadiyat Island Hotel to Begin Construction in July Read Post »
A uniquely-designed collection of 80 terraced apartments in Copenhagen, Denmark takes its inspiration from Mt.Everest, according to the architects. Danish firm Bjarke Ingels Group has designed the apartment complex on top of a parking garage. The design uses the garage as a “mountain of cars,” according to Bjarke Ingels, the designer. The apartment complex
Mountain Dwellings in Copenhagen Read Post »
The average price for property in Spain has fallen 10 percent from April, 2008 to April, 2009, according to the latest figures from Spanish appraisal company Tinsa. The year on year fall was led by the coastal regions, or costas, where prices fell by approximately 13.5 percent over that period. The large cities, including
Spanish Property Prices Down Read Post »
The Pakistani government has allocated land and plans to construct 6 million homes to ease the acute housing shortage in the country. Some 20,200 hectares of land in four provinces has been reserved for the housing, and the government is now working with and lining up investors to construct the new homes. The proposed
Pakistan Government Plans 6 Million Homes Read Post »
Two Chief Executives from major Dubai financial institutions have given opposing views on the timing of the end economic crisis. The mix messages come from Dubai based Mashreq Bank and the investment company Dubai International Capital. Mashreq Chief Executive Abdul Aziz Al-Ghurair told reporters at the World Economic Forum in Jordan. “The head of Mashreq
Dubai Executives Disagree on End of Financial Storm Read Post »
Most American homeowners believe their home’s value has declined over the past year, and research from Zillow.com backs up that belief. However, the news is actually worse than many homeowners think, according to the reports. While 60 percent of American homeowners think that their home has lost value, research shows that as many as 80
Most US Homes Lose Value Over Past Year Read Post »
The property investment market in Asia fell in the first quarter of 2009 by 83 percent from the previous quarter, according to global real estate firm CB Richard Ellis (CBRE). Japan, Singapore and Hong Kong suffered the largest falls in sales volume, according to the data. The industrial property sector also underwent the largest drop
Asian Property Investments Fall in 2009 Read Post »
