Sunday, May 4th, 2008
Posted by Overseas Property Mall in
Press ReleasesMerrill Lynch predicts a 700% increase in Indian property market by 2015
Changes in Indian property law will allow UK investors to take advantage of the predicted seven fold increase in the Indian property market. Navyroof.com - the company that brings investment opportunities from the most up and coming areas of India to investors in the UK - has been quick to present Rudrapur to UK investors after the change in Indian investment laws. Units start at just £28,950 (€ 36,735).
Read the rest of this entry »
Friday, April 25th, 2008
Posted by Overseas Property Mall in
Press ReleasesApril 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.
Read the rest of this entry »
Tuesday, April 22nd, 2008
Posted by Overseas Property Mall in
Press ReleasesAsian 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.
Read the rest of this entry »
Monday, April 21st, 2008
Posted by Overseas Property Mall in
Press Releases
Property portal Properazzi.com is today launching property search in the United States, adding more than a half million USA properties for sale and rent to its existing coverage in more than 50 countries. U.S. properties for sale and for rent will be fed to Properazzi.com from Network Communications Inc. (NCI), the leading publisher of printed and online real estate information in North America, and Manhattan firm Halstead Property. This expansion will introduce American agents to Properazzi.com’s monthly audience of one million international property seekers.
“Properazzi.com helps real estate professionals market their properties to hard-to-reach buyers in new markets. We’re already successfully doing this for UK and European agents, and are delighted to extend our services to US agents,” says Properazzi CEO, Yannick Laclau. “International buyers are finding the US real estate market appealing for its long-term stability and increasingly affordable prices, so entering the American market is the next logical step for Properazzi.”
Read the rest of this entry »
The ultimate in luxurious living and prestige has just been signed by Tameer holdings, one of the leading real estate companies in the region. The cascading skyscraper development will contain 4 residential towers, stepped villas and townhouses, a commercial tower, a 7-star-luxury-business hotel, a private marina and a vibrant canal promenade.
Tameer has contracted Gensler to design this project which has been estimated to be worth some AED 100 million. The whole project is expected to reach some AED 13 billion (which is around $3.5 billion).
Read the rest of this entry »
Foreign direct investment pours into SE Asia as regional market performance outpaces mature western markets with sustainable growth of up to 8%Property investors tapping into South East Asia’s property markets are increasing their attention on countries such as Indonesia and Vietnam, say the organisers of Cityscape Asia, a major property investment and development exhibition and conference to be held in Singapore next month.
In 2007 Cityscape Asia exceeded all expectations with participants from 53 countries and 125 exhibitors from 21 countries. In 2008 the Cityscape Asia organisers say they are set to welcome more than 8,000 real estate professionals and host over 200 exhibitors.
Read the rest of this entry »
Dubai-based Tamweel, the largest provider of real estate finance in the UAE, yesterday received the license from Egypt’s Mortgage Finance Authority (MFA) to start operation in the Arab world’s most populous nation.
Tamweel is expanding its geographic reach outside the borders of its home market as it implements its regional leadership strategy. The Egyptian firm, a fully-owned subsidiary of Tamweel, is expected to begin operations in the second quarter of this year with an authorized capital of E£500 million (Dh334.55m) and an issued capital of E£100m.
Read the rest of this entry »
The Dubai-based real estate investment company Istithmar World Real Estate, reported on the 26th December that it had closed on the sale of 230 Park Avenue to a American consortium which includes Goldman Sachs’ Whitehall Fund and Monday Properties for the sum of $1.15 billion. This transaction follows the sale of 280 Park Avenue to Broadway Properties in November for $1.35 billion.
The parent company - Dubai World, has been active in the United States real estate market for some years now, particularly in New York and still owns 450 Lexington Avenue, The W Hotel Union Square, The Mandarin Oriental Hotel, the QE2 and the Knickerbocker on Times Square.
Read the rest of this entry »
Coffee shop chain Starbucks is entering the Bulgarian market with plans to open its first shops there in 2008. The information was confirmed by DB Interconsult – Starbucks’ current consultant company in Bulgaria.
Starbucks will use Marinopoulos, the company which introduced French retailer Carrefour to the Bulgarian market, to introduce the brand. For now, Starbucks have set their sights on Sofia, but there is the possibility of expanding its chain in the bigger cities around Bulgaria. Currently Starbucks is looking for a team to run and develop the company in Bulgaria – shop managers, HR managers, marketing specialists, real estate experts and a regional manager.
Read the rest of this entry »
The official launch of The Chicago Spire was on the 26th September at a prestigious event in Millennium Park, Chicago. A specially invited audience heard presentations by the two men who have brought this major new development to Chicago.
Architect Santiago Calatrava provided insights into his inspiration behind the 2000ft spiralling structure that will be home to 1200 condominiums when it opens in 2011. Garrett Kelleher, head of Shelbourne Development Group Inc., the driving force behind the project, gave his vision for a building that has already generated considerable interest across the world.
Read the rest of this entry »
