Archive for January, 2008
Blog: Sofia Property Bulgaria
With a year of EU membership firmly under its belt, Bulgaria emerges into 2008 more positive for the experience. Strong economic growth, rising house prices and a booming real estate industry are just some of rewards this eastern European country and in particular capital city Sofia are reaping at present.
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Blog: Survey Highlights Unaffordable Property Markets
Ouch, it’s bad news for those hundreds of thousands of people who are planning on relocating to the southern hemisphere. The 2008 Demographia International Housing Affordability Survey has ranked the New Zealand and Australian housing markets as the most unaffordable in the English-speaking world.
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Blog: Half of Spanish Property Agents Close Their Doors
According to figures recently released by Spain’s main estate agents’ association, API, half of the country’s 80,000 estate agents closed their doors for good last year, following one of the worst years on record for the country’s seemingly rock-solid property industry.
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Blog: WTTC 2008 Prediction Of Middle East Tourism Growth
flickr credit Olinster
It’s a good week yet again in the Middle East: the head of the World Travel & Tourism Council (WTTC) has announced that it is set to be the only region to remain on course for its 5% growth in its travel and tourism industries in 2008.
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Blog: Foreign Currency Exchange London
The buying of a home overseas will almost inevitably require you to pay for the property in local currency – often in several stages. If you’re based in the UK, this will require you to initiate a currency exchange transaction from Pounds Sterling into the foreign currency. It’s important to choose the right time to convert your funds to the new currency because if you don’t pick the ideal exchange rate, your property could cost you more than you expected.
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Blog: New Alcochete International Airport For Portugal
It’s official: Portugal’s new international airport won’t be built in Ota, as was previously announced. Instead, the £4 billion construction will be built in Alcochete, south of the river Tagus and is set to be ready for action by 2017. The new transport hub is expected to bring not only a much needed economic boost to the Portuguese municipality but also to real estate prices in areas surrounding areas the proposed projects site.
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Blog: Bulgarian Property Boom Tops €11 Billion in 2007
Booming property sales drove the Bulgarian economy in 2007 as the country achieved a record-breaking property turnover of €11.36 billion, which according to local industry experts amounts to the total value of all land and property deals in the country over the past twelve months. Furthermore, figures collected by the Novinite news agency from real estate agencies across the country, calculated that the average price of a Bulgarian residential property rose by 18.6 per cent last year.
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Blog: Bahrain Air Launch Delay Prompts Tourism Worries
Bahrain Air, the kingdom’s first privately owned, low-cost airline, was due to be launched last week but operations have been put back for at least a month, due to issues with staff training in Amman, according to sources.
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Blog: The World Dubai Is Complete
It’s official: The World is ready. The creation of Dubai’s iconic man-made archipelago, The World, has been completed, developer Nakheel announced this week.
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Blog: Despite Euro Adoption Cypriot Currency Still OK For Now
Following concern expressed by foreigners with holiday homes on the Mediterranean island of Cyprus, experts have pointed out that the country’s recent entry into the Euro does not mean that their leftover Cypriot pounds will be completely unusable.
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