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Archive for October, 2008

UK’s Largest Shopping Mall Opens in London Amidst Recession

by OP-Mall on Friday, October 31st, 2008 in Commercial Property, London Property

Inside-Westfield-Shopping-Centre-White-City-Shepards-Bush-London

London was yesterday, the official home of Britain’s largest shopping mall with the launch of the $2.8 billion Westfield London Shopping Centre in Shepherd’s Bush (White City), a massive 265-store, glass-roofed shopping center. The centre’s owners; Westfield and Commerzbank AG are confident that the looming British recession; the worst since 1991 will not negatively affect the potential profits of the centre’s future.

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New Cairo’s Emerging Property Market – Part 2

by OP-Mall on Thursday, October 30th, 2008 in Egypt Property, New Cairo

villa development in new cairo
A Planned Villa Development in New Cairo (Computer Generated)

Planned Property Developments

In our New Cairo’s Property Development Part 1 post we looked at the immense task that is going into restructuring and expanding a very congested Cairo into the exciting New Cairo suburban communities of the future. As a matter of fact, many developments that are going to make up New Cairo eventually are already well on their way, caving a way for generations to come and combining modern living communal pods with ingenuity and smart design.

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Italian Property Buyers Guide

by OP-Mall on Wednesday, October 29th, 2008 in Buying Property, Italy Property

Buying property in Italy is often associated with living la dolce vita, the sweet life. Those who take the step to become Italian property investors can’t be blamed for doing so as Italy really is a great country that not only is affordable, but has friendly locals, great food, amazing vistas and decent enough weather.

Foreign nationals have similar rights to Italian citizens when it comes to property buying except for one thing.

  • Italians pay 4% property purchase registration tax and
  • foreign nationals pay 11% property purchase registration tax
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International Property News Beat [Mid Week] – Highend London, Spanish & Florida property

by Overseas Property Mall on Wednesday, October 29th, 2008 in Property News Summaries

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New Cairo’s Emerging Property Market – Part 1

by OP-Mall on Tuesday, October 28th, 2008 in Egypt Property, New Cairo

Cairo International Airport (New Cairo)
Cairo International Airport (New Cairo)

New Cairo (Egypt) is undergoing major urban development at the moment. Old Cairo’s outdated infrastructure is in dire need for new development to take the load off the city as more and more people settle into the area. Originally, Cairo was planned and built for a population of three to five million people. But it is clear to even a fledgling visitor that Cairo has outgrown its infrastructure long ago. With an estimated population of around 20 million people, it is exciting to see a new master planed development appearing in form of the New Cairo developments of urban areas.

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Cypriot home prices up by 1.5% in the third quarter Average home price: €193,323

by Overseas Property Mall on Tuesday, October 28th, 2008 in Property & Real Estate Press Releases

House prices in Cyprus in the third quarter of 2008 remain resilient despite the worsening global economic conditions.

From July to September 2008, the BuySell Home Price Index recorded a total increase of 1.5% compared to the last quarter.

However, the year-on-year rate of increase decelerated (compared to the last two quarters), coming down to 9.0%.

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UK Rental Increases A Boost To The Letting Market

by OP-Mall on Monday, October 27th, 2008 in UK Property

victorian-houses-on-abbey-road
A Row of Victorian Houses [Credits: David]

Your Move, the UK’s second largest lettings agent reported a 50% increase in rental demand in the year from September 2007 to 2008. UK’s September leases increased by 4.34 %, since August which clearly indicates that people are more inclined to rent right now due top the lack of available mortgages.

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International Property News Beat – Dubai Up or Down?, Singapore & Malaysia Slowdown

by Overseas Property Mall on Monday, October 27th, 2008 in Property News Summaries

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Icy Wind For Iceland’s Property Market

by OP-Mall on Saturday, October 25th, 2008 in European Property

ingvellir Iceland

Iceland is facing a major financial crisis at this moment. With the country’s Krona currency losing 30% of its value in the last month, banks were forced into domestic ownership. This forced the Iceland stock market into a meltdown, leaving the Iceland government forced to ask for outside help.

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10 Get Away Private Islands

by Overseas Property Mall on Friday, October 24th, 2008 in Luxury Property, Waterfront Property

104004A.TIF

Quit worrying about the global credit crisis or how the end of the world is nigh. Instead imagine you are far and away from the hustle and bustle in the world at the moment and make a smooth getaway to your own private island. Now that you are at ease, choose any one of these ten private islands to buy, rent, drool on or live in….

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