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Archive for April, 2009

Prince Charles Vs Lord Rogers, Classic Vs Modern – The Chelsea Barracks Controversy

by OP-Mall on Thursday, April 30th, 2009 in London Property, UK Property

chelsea-barracks-development-scheme

Prince Charles has once again stepped into the media limelight after opposing the Chelsea Barracks design by Lord Rogers.

Rogers was “attacked” by the Prince years ago in regards to his proposed extension of London’s National Gallery. Prince Charles is not happy with the “unsympathetic” and “unsuitable” design for the area and has written a letter of complaint to site’s owners – Sheikh Hamad bin Jaber Jasim al-Thani, the Prime Minister of Qatar.

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Press Release: International Portal Enormo Adds 1 million RealtyTrac Foreclosure Listings

by Overseas Property Mall on Wednesday, April 29th, 2009 in Property & Real Estate Press Releases

Foreclosure postings a new addition to website that already attracts homebuyers and investors to 8.5 million properties in more than 75 countries.

RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, and Enormo (www.enormo.com), a leading global real estate portal, today announced a groundbreaking strategic alliance that will give Enormo’s international user base of potential homebuyers and investors unique access to RealtyTrac’s database of U.S. foreclosures.

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King’s Cross (London) Gets A £2 Billion Makeover

by OP-Mall on Wednesday, April 29th, 2009 in London Property, UK Property

kings-cross-regeneration-project

It is estimated that by 2020 a total of 60 million people will pass through London’s King’s Cross Station each year. Those are the same figures seen right now at London’s Heathrow Airport. To accommodate such an influx of people and in order to modernise the whole King’s Cross precinct, plans to makeover the area have been unveiled by media.

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Twitter Weekly Updates for 2009-04-26

by Overseas Property Mall on Sunday, April 26th, 2009 in Property News Summaries

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US Homes Eyed By Wealthy Chinese Investors

by OP-Mall on Thursday, April 23rd, 2009 in China Property, International Real Estate Trends, United States Property

While China is in the middle of a housing downturn, wealthy Chinese buyers are travelling to the US in groups on home-buying tours. Many are buying homes in the US to take advantage of the recent reduction in real estate.

Yin Guohua, a partner in a law firm stated ”The real estate prices in America have gone down drastically. It’s a good option for Chinese people who want to buy for investment purposes.”

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Top World Cities For Billionaires

by OP-Mall on Wednesday, April 22nd, 2009 in Billionaire Homes, Stats, Surveys, Trends

Columbus Circle New york

The billionaire capital of the world is New York City according to Forbes latest posting of the top cities for billionaires. With 55 billionaires, New York reigns number one even after losing 16 billionaires since last years rating.

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International Property News Beat – Al Capone’s Home, Canada on the Up & European Property

by Overseas Property Mall on Tuesday, April 21st, 2009 in Property News Summaries

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US Real Estate Fraud – Investor Scam Uncovered In San Diego

by OP-Mall on Monday, April 20th, 2009 in United States Property

112-unit Sommerset Woods in Escondido

Whenever there is a boom, people are getting burned through various scams because of their greed to double their finances on some dodgy scheme. The latest story of an investor scam has now surfaced in the US as Frances Greenspan of Orange County files for her rights with the District Attorney.

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Twitter Weekly Updates for 2009-04-19

by Overseas Property Mall on Sunday, April 19th, 2009 in Property News Summaries

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Moscow’s Property Bubble Set to Burst

by Overseas Property Mall on Saturday, April 18th, 2009 in Commercial Property, Moscow Property, Overseas Property Trends, Predictions, Russia Property

moscow

Moscow investors and banks are playing a deadly game of Russian roulette in a stand-off to see who flinches first as the city’s once booming property market falls to ruins around them.

Billions of roubles are tied up in commercial and residential property portfolios.

Homes, offices and shops are standing empty as rents are unaffordable, new build projects are being cancelled, investors can’t refinance and the banks are sitting on a pile of yet to be realised toxic debt.

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