News

In the midst of the worldwide economic slowdown, two popular Caribbean destinations are looking for ways to entice potential buyers to their little slice of paradise. The islands are easing restrictions on foreign buyers by lowering tariffs and taxes, making it easier to buy and improving critical infrastructure in attempts to lure more overseas investors. […]

The Sailortown area of Belfast, which has traditionally been home to a community of dock workers, is in need of redevelopment and the city is looking to prepare a masterplan for the area. The Department for Social Development and the Strategic Investment Board are working on plans for a new mixed-use development of the area.

Luxury hotel chain Mandarin Oriental Hotel has just announced plans for a new five-star, 250-room development in Moscow. The hotel is to be located in the heart of the city on Tverskaya Road and will use a historic, 19th century building as part of the property. It will retain two historic facades as well as

The number of visitors to Dubai from the UK fell by 7 percent in the first quarter of 2009, according to the Department of Tourism and Commerce Marketing (DTCM). The UK is the emirate’s largest source of visitors.   The number of visitors from both the UK and Ireland fell to 195,000 for the first

The number of travelers visiting Prague is down for the first quarter of 2009, according to statistics released from CTK and other sources. The decline is in line with the global economic crisis, and shows that first quarter traffic at the airport is down 18 percent compared to the first quarter in 2008.   For

New data released by the Spanish government shows that UK residents are the largest international buyers of property in Spain. While it has long been known that Brits love to buy in Spain, the data suggest that buyers from the UK are even more prevalent than many analysts previously thought.   British citizens accounted for

The Vietnamese government has recently approved a master plan that envisions the country having 10 international airports in the coming decade. The plan, which was created by the Ministry of Transport, calls for several existing airports to be expanded and for several new facilities to be constructed.   No Bai International Airport in Hanoi will

The International Council of Shopping Centers held its European conference in Barcelona at the end of April and the outlook for new construction in 2009 is not very good. Several banks and investment groups indicated that money for new projects will remain limited until the recession has eased, which could be late in 2010. Financing

The second largest developer in Thailand, Sansiri Pcl, is getting set to begin two new residential developments in Bangkok. The projects are to be located in the Prachauthid area of the city, where the company has had great success with another development launched in 2008, the Saransiri Wongwang-Prachauthid.   The two new projects are the

South Africa’s First National Bank (FNB) house price index shows that prices have fallen to levels not seen since December, 2006. Prices saw double-digit deflation in April, dropping 10.2 percent, which brought overall housing to the 2006 level.   The national bank has cut interest rates several times this year, but the house price index