News

On the western edge of Russia, not far from the city of Vladivostok, the government is building a huge new bridge to a small island. The bridge to Russki Island is intended to be ready for the 2012 Asian-Pacific Economic Summit and will be one of the world’s longest suspension bridges. The only way to […]

The most expensive cities in Europe in which to rent an office in 2008 have been rated by the international firm NB Real Estate, and some changes to the rankings are evident. London’s West End is still the most expensive district of any in Europe, ending the year with an average rent of €961 per

The Edge, U2’s guitarist, is planning an extensive home and additional buildings on property he currently owns in Malibu, California. The project, however, is running into resistance from neighbors who are worried about its size and impact on the environment.   The U2 star has plans for a house with 19 overlapping roofs which he

Foreclosure filings rose in March in the United States to 341,180, according to RealtyTrac. The total number includes bank notices to bank repossessions, so there is some leeway in there for the actual number of people who lost their homes. That figure is up 17 percent from February and 46 percent from March, 2008. For

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The value of UK commercial property dropped in March by 3.1 percent, according to the Investment Property Databank (IPD). That brings the total fall in property values to 8.9 percent for the first quarter of 2009. While that is a steep drop, it less than the final quarter of 2008 when property values fell by

General Growth Properties, one of the largest mall operators in the United States, filed for bankruptcy in mid April. The company has been in negotiations for months with its creditors for better terms on paying down its $25 billion debt. When those failed, it decided to reorganize through bankruptcy.   The company is based in

A luxurious beachfront project in Punta del Este, Uruguay recently sold one of its two penthouses for US$7.3 million to a buyer from Switzerland. The 34 unit Acqua is a new project designed by well known Uruguayan architect Rafael Viñoly and is his first project in his home country. The glass-walled property overlooks the beach

Nine of the 13 beaches recommended by Conde Nast Traveller are in Brazil, one of the beaches named may not be so familiar to many overseas property investors it is at Praia de Sibauma   Just south of Natal, capital of the Brazilian state of Rio Grande do Norte, is one of the best beaches in

European inflation and production data released today was generally neutral, CPI coming in exactly as analysts expected at 0.4% for March.   The Euro gained a little strength against the Pound, trading just above the 1.13 level.   This month has been positive for the currency pair, the Pound gaining around 4% in value against