News

Bulgaria’s Minister of Transport, Petar Mutafchiev, recently welcomed and announced new ferry services from the Black Sea port of Varna. The minister was in the port city to welcome the first of several new ferry lines that will help Bulgaria increase its international trade and services.   He welcomed railway cars from the new railway […]

Prices for houses in the UK are predicted to fall even more during 2009, according to the most recent report from Jones Lang LaSalle. The company’s Residential Market Forecast estimates that prices throughout the UK could fall on average 13-15% during the year, and the largest drops will be seen in London.   Jones Lang

Hong Kong became the most expensive city in which to rent office space in 2008, according to a new report issued by Cushman and Wakefield. It is the first time in nearly 10 years that Hong Kong sits in that spot, taking it over from London. Property consultant Cushman and Wakefield compared rents in 202

International property investors have had their eyes on Cape Verde for the past few years, with its tropical location, increased flights, foreign investment and tourism. The island nation off the west coast of North Africa has a number of positive aspects that have aided people who want to find a good place to invest or

3/03/09-This Thursday sees the monthly interest rate decisions from the European Central Bank (ECB) and Bank of England’s Monetary Policy Committee (MPC). Analysts are expecting the MPC to cut UK rates by 0.5%, to a new record low of 0.5%. Usually, a lower interest rate means a weaker currency – and therefore a worse exchange

The United States hotel company Best Western International is planning to open six new properties in Indonesia in 2009 and at least one more in 2010, according to the company. Best Western plans to open a total of 14 new hotels across Asia this year as part of its vision of having 200 hotels in

In its latest research on the property market in Abu Dhabi, international real estate firm CB Richard Ellis notes that the supply for residential accommodation lags behind the demand. This comes despite the continuing economic slowdown hitting across the globe, which is also hitting the UAE. As a result of this, rents in Abu Dhabi

German Chancellor Angela Merkel rejected the idea of a single EU bailout of Eastern European economies, which are being hit very hard by the current worldwide economic crisis. Germany has Europe’s largest economy and it has been under pressure to lead the way in helping eastern members of the EU.   Merkel is adamant that

Australia’s Housing Industry Association (HIA) recently released its National Outlook and the news was not pretty, but there are signs that things will improve in the coming year. Builders in Australia are expected to begin more new houses in the second half of 2009, resulting in an increase in Australia real estate sales, though that

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