News

On top of efforts earlier in the week by the EU finance ministers additional efforts were taken to avert a worsening of the credit crunch. Central banks in Europe and the US cut interest rates, and the British government announced a £500 billion rescue package for banks.   As part of the measures taken by […]

As much of Europe and the United States wonder what will come next in the tumultuous financial and real estate markets, Turkey is providing a bit of calm in a sea of unrest. House prices and sales have fallen in the US, England, Spain and other countries, but Turkey is looking for continued growth in

Zaya, the UAE based real estate development company, recently earned the title of the Most Luxurous Project in the World for its Nurai Island development. The Arabic edition of Newsweek magazine announced the award as part of its list of Top 10 companies that changed the face of real estate development.   According to a

Local councils across Scotland and the Scottish Government are more committed to environmentally responsible policies than ever before. The Sustainable Scotland Network (SSN) is a group that works with development officers and advocates from local authorities across Scotland. The group’s aims include promoting sustainable development, responding to the threat of climate change, ensuring that procurement

New experimental housing in Finland is designed to virtually heat itself according to the developer. A new development of semi-detached homes is being constructed in Tikkurila, Vantaa, north of Helsinki. The homes are being constructed without separate heating systems and will draw heat from the household appliances, lighting and people.   These homes will be

All 27 members of the European Union approved measures on Tuesday, October 7 to combat the banking crisis that is threatening to overtake the continent. The finance ministers agreed to raise guarantees for bank deposits, laid out common principles for rescuing struggling banks and temporarily relaxed accounting rules to help banks avoid fire sales.  

Spain is still the top overseas destination for Brits who purchase property abroad according to a recent report. The list of overseas destinations, compiled by Conti Financial Services, shows that France is closing the gap with Spain and new markets such as Dubai and Cape Verde Islands are quickly moving up.   Spain and France

The prospect of owning a million dollar home in the sunshine state of Florida is causing quite a stir with British buyers at the overseas property website Homesgofast.com.   Taking place on November 8th 2008 is an online auction that will see luxury Florida real estate going under the hammer. The luxury homes auction is being

The Hurghada Village Apartments is a new off-plan development in the popular resort town of Hurghada, Egypt. Located along the Red Sea coast, this city is one of the main tourist destinations in the country and has been growing rapidly in recent years. This new property development is situated away from other apartments and offers

A major new theme park and entertainment development project is being planned for South Africa. Amazulu World will be a multi billion dollar themed entertainment and mixed-use destination development on the north coast of Durban according the Dubai based developer, Ruwaad.   The new project is set to be a master-planned community covering some 16,500