News

Dubai’s Palm Jebel Ali, the second of three palm islands off the coast of the emirate, has been delayed and is revising payment schedules for home investors as a result. Recently, some 400 home buyers petitioned the developer to reschedule payment plans because their villas are likely to be delivered several years later than originally planned. […]

Despite the economic downturn and a slowdown in Mexican construction projects, one developer is continuing work on a couple of high-profile projects. American Pat Butler, owner of Club Acquisition Company (CAC), is investing additional resources in projects in San Felipe and Mazatlan.   “We really feel once the economy turns around there will be a

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A new residential resort and marina along the west coast of Costa Rica is under development and offers plenty of great opportunities for those who want an ideal retirement or vacation home in this tropical paradise. The Marina Papagayo is situated within the Papagayo Peninsula residential resort in the Guanacaste Province. The centerpiece of this

The government of Australia recently decided to create a publicly owned company that would build and operate a high-speed broadband network across the country. The AU$43 billion project will be one of the largest state-sponsored internet infrastructure projects in the world. During the eight years it is estimated to construct the new network, the project

The Office of Fair Trading has launched a consultation on its proposed financial services strategy which sets out its approach to the sector in response to the current economic crisis. The OFT is asking interested parties to comment on its proposal to focus on two inter-related themes: the prioritisation, in the short term, of promoting fairness

The market share of foreign investment in Chinese property fell in 2008 to 26.3 percent from 56.9 percent the previous year, according to the latest research from real estate analyst DTZ. Overall, real estate investments in China fell by 46 percent with 508 major transactions worth approximately US$34 billion for all of 2008.   Of

Plans for a new mixed-use development in the town of Newry in Northern Ireland have been submitted to the Northern Ireland Planning Service. The Hill Partnership owns a 32-acre site on Carnbane Way in Newry and is planning to construct homes, restaurants, offices and industrial units, retail shops and a park.   The project is

Property prices for residences in the UK rose during the month of March, the first such increase in 16 months. The Nationwide Building Society monthly housing price index showed an increase of 0.9 percent for the month, the first increase since October, 2007. The price of an average home rose to just above £150,000.  

The overseas property industry and potential international property buyers are due to converge on the A Place in the Sun Live exhibition taking place at London’s Earl’s Court from April 3rd to April 5th.   The UK has seen a host of other property exhibitions being cancelled owing to the slow down in the industry