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Archive for April, 2008

Vietnam Powers Ahead While Other Markets Falter

by OP-Mall on Wednesday, April 30th, 2008 in Overseas Property Trends

la duab street Hanoi Vietnam

Vietnam is enjoying the property hot seat right now with many reports stating that the country’s economy is on a huge up rise. Vincom Joint Stock Co. reported a 33 percent increase in revenue for the first quarter of 2008 alone. The Vietnamese real estate developer reports that a range of clients signed contracts to rent stalls at higher rentals than usual.

A recent draft regulation that allows foreigners to “lease” property for a 70 year period has created quite a stir amongst foreign investors and foreign expatriates in Vietnam.

1 Comment » Read More

Seven 7-Star Hotels – the World’s Most Luxurious Hotels

by OP-Mall on Tuesday, April 29th, 2008 in Luxury Property, Middle Eastern Property, Travel

seven-star-hotels

With the announcement of Europe’s first six star service hotel and residential resort Palacio da Quinta on the Portuguese Algarve a couple of days back, we set out to discover some more tasty accommodation morsels to show you what living in true luxury really means if you like to travel (and rest) in style.

It seems that five star hotels are no longer the norm when it comes to bedding our heads for the night. These days it is caviar, personal butlers and Bentley that are on the menu of savvy and wealthy globetrotters.

51 Comments » Read More

2008 International Property Exhibitions

by Overseas Property Mall on Monday, April 28th, 2008 in Buying Property, Property Exhibitions & Events

With the spring season already in full swing, we thought that we’d share a couple of overseas property exhibitions for 2008 that you can pencil into your dairies. It might be just the right time to find some bargains or establish some key relationships. Please drop us comments on any exhibitions we might have left out as the list open & bound to grow.

8 Comments » Read More

Property Grand Prix – Spain

by OP-Mall on Monday, April 28th, 2008 in Spanish Property

Formula 1 fans were able to tab into another great race the weekend just gone with the Spanish Grand Prix seeing another strong Ferrari win. This time the boys with toys were trading podium places from the last race in Bahrain with Kimi Raikonnen bringing home another win for the red team.

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Malaysia’s Property Time Train

by OP-Mall on Friday, April 25th, 2008 in Malaysian Property

According to latest sources Malaysia’s real estate market is expected to reach a plateau this year. Having enjoyed fantastic growth over the years from 2003-2006 and a holding a steady market last year, experts predict there will be changes for the future caused by the U.S. market melt down.

Especially the growth in rentals and capital value is said to ease out by the end of 2008. There will also be an oversupply of yet to be finished residential developments, which will further stop the growth of recent years.

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Launch of Portugal’s ‘Palacio da Quinta’ brings six star living to Europe

by Overseas Property Mall on Friday, April 25th, 2008 in Luxury Property, Property & Real Estate Press Releases

April 2008 sees the launch of Europe’s first six star service hotel and residential resort – ‘Palacio da Quinta’, situated in the Algarve, Portugal’s most beautiful coastal region.

The truly palatial development will comprise 80 luxurious apartments and penthouses set within 17 acres of lush sub-tropical gardens. Residents’ every wish will be provided for by a central six star service hotel, including private chef and butler, 24 hour concierge, chauffeur service, private jet and yacht charter. The resort will also feature indoor and outdoor swimming pools, 1000sq.m health spa, cinema, gourmet destination restaurants, bars, designer boutiques, tennis academy and offer preferred tee times and discounts on green fees at some of the finest golf courses in Europe.

7 Comments » Read More

U.S. Is Gobbled Up By Foreign Buyers

by OP-Mall on Thursday, April 24th, 2008 in United States Property

Foreign buyers are eating U.S. property for dinner lashed with plenty of sauce. Ok, that was a rather weak approach at injecting some excitement into the fact that American real estate agents are pimping out bonuses to overseas buyers.

Extras such as airfare reimbursements and paid hotel bills could well become a reality for you if you are amongst those overseas buyers who have taken advantage of the dwindling economy in America.

Right now we enter a buyers market – if only there are buyers with enough cash flow to play the game. To boost local economy, some real estate agents have taken matters into their own hand and lure buyers from across the pond by giving them the royal treatment.

3 Comments » Read More

Sunshine Coast Properties Sell Like Hotcake’s To UK Buyers

by OP-Mall on Wednesday, April 23rd, 2008 in Australian Property, South-Pacific Property

It seems the latest hot property commodity is handled Down Under on Australia’s Sunshine Coast. With plenty of sun, gorgeous beaches and a trendy lifestyle as well as very affordable prices for those coming from the UK, it is no wonder that there seems to be a mass exodus. Ok, maybe not mass, but we are sure you get the picture.

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Gloomy days ahead for Asia’s housing markets

by Overseas Property Mall on Tuesday, April 22nd, 2008 in Property & Real Estate Press Releases

Asian property markets, though still relatively unaffected by the credit crunch, will soon be affected by inflation and higher interest rates, warns the Global Property Guide, because of rising food, fuel and other commodity prices.

“Higher food, fuel and other commodity prices affect the housing market negatively in several ways,” says Prince Christian Cruz, senior economist at the Global Property Guide.

“At the micro level, households may postpone their decision to purchase a new house or spend on renovation if they anticipate higher prices. At the macro level, higher food and fuel prices push inflation up. Monetary authorities typically raise key interest rates to stem inflationary pressure,” Cruz explains.

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Spanish Approve Tax Cuts To Counteract Property Gloom

by OP-Mall on Tuesday, April 22nd, 2008 in Spanish Property

The Spanish government has acted fast to counteract the worldwide property gloom that seems to have hit us like a storm in the last few weeks. A new law was passed on April 18th that cuts all workers and pensioners tax bill by 400 euro, taken from a budget surplus to help counteract the slumping housing market.

18 billion euros has been approved with immediate effect to be funnelled back to the Spanish residents. 10 billion for this year and the remaining 8 billion euros next year.

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