News

Sri Lanka is planning to promote its northwestern coastal area of Kalpitiya as a resort destination, much like Bali is for Indonesia. The area has 14 islands on which eco-friendly resorts can be built according to the Kalpitiya Integrated Tourism Development Project (KITRP).   Sri Lankan Tourism chief Renton de Alwis said that “we will […]

The 2008 World Expo in Zaragoza was brought to an end by Spain’s Spain’s King Juan Carlos and Queen Sofia on September 14. The expo was visited by six million people over three months. Fireworks lit up the night sky over the 25-hectare (62-acre) grounds of the fair, whose theme was “Water and Sustainable Development”,

Along the shores of Lake Wakatipu, one of the world’s most popular vacation spots is seeing a new development take shape. Silver Bay is a new four season resort in New Zealand’s holiday capital of Queenstown. This world-famous town is nestled along the lake and is surrounded by majestic mountains. There is always something to

Despite the ongoing political turmoil in Thailand, demand for office space in Bangkok has continued to pick up so far this year, according to a new market report from real estate firm Jones Lang LaSalle. There has been 65,000 square meters of office space being taken in the first half of 2008, which is an

The Bank of Ireland cut its fixed mortgage rate for the second time this summer to 5.2%. According to news reports, the bank’s move was in reaction to pressure from rival bank AIB. A number of lenders have cut their rates in recent weeks as they do not anticipate a rise in rates from the

Albania’s southern coastline along the Adriatic Sea is a beautiful and charming area that is beginning to draw interest from holiday travelers as well as property investors who are looking for the next big market. The southern coastal activity and resorts are centered on the city of Saranda, while a little bit to the south

In an survey taken by Globaledge, an online real estate strategy and analysis website, overseas property agents voted for their favorite and least favorite international property portals online. The UK market leader, Rightmove, did not fare well among agents voting that the site was too expensive.   The survey asked overseas real estate agents what

Along the southern coast of the Adriatic Sea lies the rugged, untapped country of Albania. This little nation has long been off the radar of international property investors, but with new investments in resorts, off plan property and infrastructure, that is quickly changing. The beautiful coastline has wonderful views of the sea with Greece to

Madean Al Nour for Investments and Real Estate Development has signed a JD68.5 million (US$96.6 million) agreement with the Jordanian Housing and Urban Development Corporation to provide houses under the national construction initiative. Under the agreement, Madean Al Nour will construct 2148 housing units in the City of the Custodian of the Two Holy Mosques

The UK property market continued its slump in August as the Royal Institution of Chartered Surveyors (RICS) said sales were at their lowest level since 1978. This comes as news that the output of the UK economy fell from June to August, according to the National Institute of Economic and Social Research (NIESR). The output