News

Ben Affleck and Jennifer Garner have bought the home of movie producer Brian Grazer in Los Angeles for approximately $17.5 million, according to news sources. That is significant discount from the original asking price of $27.5 million for the Pacific Palisades home.   The cliffside home has a 9,000 square foot main residence that was […]

Hotel rates in Abu Dhabi are the highest in the world, according to the reports from several hospitality consultants. Revenue per available room (REVPAR) in Abu Dhabi increased to US$290 in the first quarter of 2009, compared to $265 in the same quarter of 2008, according to STR global.   Dubai’s hotel performance still remains

New home sales for Australia rose 4.2 percent in March, 2009, and are now 20 percent above sales at the end of the 2008. The latest Housing Industry Association (HIA) figures were recently released and show that the housing market has done much better in the first quarter of 2009.   The increase in sales

A Spanish court has ruled that the demolition of a British couple’s Spanish home over supposed building irregularities was illegal. The home of Len and Helen Prior, who had retired to southern Spain from Berkshire several years ago, was demolished by authorities who were concerned with widespread planning law violations. The Priors insisted they had

Cape Verde is set to be connected to the new West Africa Cable System (WACS) along the coast of Africa. This new system will boost bandwith capacity for the islands and keep the country connected to the rest of the world when other systems go down. Cape Verde Telecom has now signed two deals to

The Pound followed recent trends last week with a particularly volatile few days – finishing down against the Canadian, Australian and New Zealand Dollars, but up against the US Dollar and Euro.   Caution is still the theme, with any unfavourable economic news continuing to damage sterling’s progress – a worry if you are looking

The Sunday Times recently published its annual list of the top 1,000 wealthiest people in the UK and Ireland. It shows that the wealthiest people in the country have had some £155 billion in wealth wiped out by the recession and declining property values. The top 25 of these whose fortunes are based on their

The town of Fareham is located along the southern coast of England between Portsmouth and Southampton. With a strong need for affordable, quality housing, this town offers an excellent investment opportunity, not to mention a nice place to live. A tract of land in Whiteley Village has been identified by Landmark Developments and is also

The French real estate market, and in particular Paris, is doing well when compared to many other European destinations. Overall, prices across France fell by just 1 percent in the first three months of 2009. Prices in Paris have fallen from their highs in recent years, but the city has held its own when compared

A ruling by the European Court of Justice could affect the fast-growing market for second homes in the northern part of Cyprus. The court upheld a decision that a Greek Cypriot tribunal made. The original ruling called for a British couple to demolish their home in northern Cyprus, return the land and pay damages to the