News

Annual house prices in England and Wales fell by 12.2 per cent in November, according to the latest figures from Land Registry. The average house price is now £161,883 representing a monthly decrease of 1.9 per cent. London experienced an annual decrease in its average property value with a movement of –10.2 per cent, taking […]

With winter upon us, it’s time to spot some stars on vacation in the Caribbean. Daniel Craig and his American girlfriend have been seen on the beach in St. Barts, while Lily Allen and her mum have been having some fun in the sun on Jamaica.   Craig and longtime girlfriend and American film producer

British Olympic gold medal cyclist Chris Hoy is buying a property along the beach in Brazil, which he plans to use as his off-season training base. The three-time Beijing gold medalist has a new villa in the Laguna Beach development in Tabatinga. This resort town is just outside of Natal, making it easy to get

New licensing rules for real estate agents are being introduced in Dubai for 2009. A new agreement put forth by the Department of Development and Dubai’s Real Estate Regulatory Authority will make agents and their work more transparent. Those who currently operate a real estate brokerage or want to open a new agency will have

While property prices in the UK and across the globe have dropped for much of 2008, agricultural land in the UK has been a good investment. According to research from Savills, agricultural land has increased in value for all of 2008 by 21.5 percent.   One of the main reasons for the increase in land

Money magazine and CNN have come up with their annual list of the best places to live in the United States, and this year Plymouth, Minnesota comes out on top. The Minneapolis-St. Paul suburb of 50,000 has just about everything, from great schools, affordable housing and lots to do. Fort Collins, Colorado comes in second

The Ocean 9 Casino and Hotel Resort recently broke ground in the Subic Bay Freeport area along Waterfront Drive. This new resort and property development in the Philippines is expected to cost approximately US $120 million and will rise 15 stories above the bay.   Subic Bay Metropolitan Authority (SBMA) Administrator Armand Arreza believes that

Buy to Let Landlords are more exposed to risk than other UK property owners and the Association Residential Letting Agents (ARLA) predicts that 2009 will be a tough year for investor landlords. ARLA is predicting that there will be an increase in landlords defaulting on their monthly mortgage payments over the coming months, and an

The UK government has expanded its assistance to UK home owners with an initiative aimed at ceasing repossessions. The Homeowner Mortgage Support Scheme will provide greater assurance to homeowners that they will be able to remain in their homes if they suffer a temporary fall in income.   The credit crunching scheme will provide a

27/12/08-China cuts interest rates for the fifth time since mid-September, but the cuts were smaller than many analysts had expected. The People’s Bank of China cut the one-year lending rate to 5.31 percent and the deposit rate to 2.25 percent, which was just a 27 basis point drop. The last cut in November was 1.08