News

England’s House Builders Association says that only 110,000 new homes are on target to be built for all of 2008, well below Prime Minister Gordon Browne’s goal. Mr. Browne’s announced target for new homes is 240,000 per year by 2016, while current growth levels are projected at approximately 233,000 new households per year. The government’s […]

During the month of May, 2008, UK home prices dropped 2.4%, according to a report from Halifax, the nation’s largest mortgage lender. Over the past 12 months, prices have dropped 3.8%, after seeing prices rise substantially for several years. The average home price during May was £184,111. The Nationwide building society found that prices fell

The Florida Association of Realtors and international real estate portal Homesgofast.com both note positive movements in the Florida property market. The realtors’ associations’ most recent sales report shows that there was an upswing in existing home and condominium sales in April, 2008 over the previous month. 11,200 homes were sold in April, while 3,900 condos

12/06/08-The organisers of EPEX 2008, the Exclusive Property Exhibition, have made an open invitation at this years exhibition where visitors can see what is on offer with absolutely no entrance fee. The event takes place at the National Hall, London Olympia, Saturday 21st and Sunday 22nd June 2008.   EPEX, which is sponsored by the Financial

The former home of the Budapest Stock Exchange Vörösmarty Square right in the heart of downtown Budapest is going to be remade into a shopping centre and galleria. ORCO Property Group is developing the center, to be called Váci 1, which is being designed by world renowned French architect Christian Biecher in cooperation with the

Property prices in France have slowed over the past year, according to new reports from France’s national land agency, Société d’Amenagement Foncier et d’Etablissement Rural, or SAFER and the Federation of Estate Agents, or FNIAM. For all of 2007, prices rose only by 3% across the country, well below the average of 13% for the

According to international real estate news service Propertywire, there are some 70 million tourists who visit Brazil each year, and about 5% of them want to buy a second home there. In the northeast part of the country, it is estimated that over the next few years there will be 80,000 new properties constructed, both

American Idol and X factor judge Simon Cowell has still not moved into his house in Beverley Hills despite having bought the home back in 2006. Even at a price tag of USD$8 million the home was not exactly what the multi millionaire wanted. Mr Cowell demolished the existing luxury home to build his own

The Dubai Pearl, a self-contained living and working city within a city, has been redesigned and is now under construction once again. This project is one of the freehold developments with the Emirate near the coast at the entrance to the Palm Jumeirah Island and is the largest private development within Dubai.   The project

British architect Sir Norman Foster and his firm, Foster + Partners, are working on a new, mixed-use development for Moscow called Crystal Island. When completed, this city within a building will house the largest area within one structure anywhere in the world. It will hold apartments, hotels, an international school, movie theatres, sports complex and