President of Abu Dhabi, His Highness Sheikh Khalifa bin Zayed Al Nahyan has a vision for his sheikhdom. Developed by his vision with the help of an international planning task force, Plan Abu Dhabi 2030 will govern the growth of Abu Dhabi over the next 20 odd years to develop the city by means of regulations that control land use, transport plans and the height of buildings.
The plan is divided into individual segments that informs about controlled ways to growth Abu Dhabi into a city of 3 million people by 2030 without loosing its appeal of modern and comfortable living it has now.
The whole context of the plan is to place a lot of weight onto environmental issues making sure that despite the imminent building boom the Emirate and city stay in touch with nature and all aspects of it.
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Latin Americans have always had a good name for attracting hot blooded young males. Over the past few years though this has expanded into becoming a top destination for property investors due to changes in the economy and political stability.
While in the past countries like Mexico, Brazil, Panama, Venezuela and Argentina had their own little (and big) devils to fight when it came to stability, security and corruption, in today’s reality they all got something many want.
Namely great priced properties with a fancy lifestyle, gorgeous scenery and friendly locals.
If that alone isn’t enough to convince you, then read on and discover a whole new world of affordable property investments in the eternal sunshine.
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Judging by this years Formula 1 events so far, the boys in red are in top form with yet another win over the weekend in Istanbul.
Felipe Massa won his second race this year, out of 5 races so far and Kimi Raikkonen collected another 6 points for his team coming third. While Lewis Hamilton was forced to deal with a three stop tyre change due to last years dramatic tyre failure during the Turkey Grand Prix, it made it hard for him to beat the red team fair and square, but he still took home second place which is considerably impressive given his extra stop.
Kimi Raikkonen had his own fair share of action when he and his compatriot Keikki Kovalainen had a run in on the very first corner. It resulted in a tyre puncture for Kovalainen and a broken front wing for Raikkonen which he carried all the way through the race.
The end result was another clear win for Ferrari:
- Felipe Massa (Ferrari)
- Lewis Hamilton (McLaren-Mercedes)
- Kimi Raikkonen (Ferrari)
If you missed out on our former property grand prix posts, here they are again.
The Istanbul property front is sizzling hot!
As you probably know by now, the ban on foreign property investment in Turkey has now been lifted which will allow investors to see Turkey as a real playing field again.
With an estimated tourism influx of some 28 million this year, the property market in Turkey is considered very favourable amongst investors and Realtors alike.
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Back in April we blogged about the temporary halt on the sale of Turkish property to foriegners by a Turkish Constitutional Court ruling. The ban of the title deed act named Tapu has now been lifted by a new court ruling on May 1st.
The deed system change will be effective within the next few weeks once the official gazette will publish the news. What prompted this action was a constitutional rights contrary that affected article 35 of the Tapu title deed act.
Contrary to popular belief, the issue itself had nothing to do with whether foreigners were allowed to purchase property and land in Turkey, but more so with the size of land that could be bought according to the government.
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Wednesday, May 7th, 2008
Posted by OP-Mall in
UK Property
Debtwire is an organisation that keeps an eye on the health of real estate agencies in the UK and according to their latest reports there is trouble brewing on the horizon.
The Telegraph posted an article yesterday that painted doom and gloom of the UK real estate affairs reporting that some 1,000 agencies had shut down countrywide since the start of this year. The report was based on Debtwire’s studies and indicates that since every Realtor employs an average of 4 people in their offices that would reflect a total job loss of 4,000 and numbers are expected to rise further for the remainder of 2008.
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Be one of the first to cash in on a fantastic investment opportunity in the popular Cordoba province in Argentina. With the country’s real estate market on fire, this brand new announcement will set to sell fast and you’ll have to act quickly to be amongst the lucky owners in the Estancia Catalina development.
Estancia Catalina is the answer to a very strong and repeat tourism trade that is growing stronger every year. It offers a unique and not often found opportunity to purchase land plots below their current market value in one of South America’s most amazing and sought after regions. This is the kind of opportunity that doesn’t knock on your door too often.
The estate is home to an already very successful boutique hotel that enjoys a 78 % occupancy rate throughout the year, has nearby horse stables and fabulous polo facilities. With a nightly price tag of $500 per room , it is easy to see how great this opportunity really is for investors.
Add to this the unheard of price of £75,000 for a land parcel of 10,000 sqm and you’ll have to be hard pressed to find something equally as promising than land in Estancia Catalina.
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With the financial wounds many institutions are receiving right now, lending has reached an all time low. Many are therefore cashing in on existing assets to get some cash flow happening for refinancing purposes.
Property giant Savills has recently closed a massive deal in which they sold the Trade Square building in Hong Kong for an estimated US$200 million to get funds flowing again.
Asia is especially favoured right now by investors, since the market pressures those with huge mortgages to sell. Investors with plenty of cash flow can sit back quietly and wait for the housing prices to drop before they buy up big. This is especially true for American funds that are tied up in countries like Australia, Japan, Hong Kong and China.
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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.
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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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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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