Despite the depressed economic environment that looms over Japan, the residential luxury segment in Tokyo is in full swing. There was a sharp increase in condominium units that were sold for over 2.4 million dollars in 2010.
Greece has turned out to be one of the most favorite tourist locations in the past several years for many, along with possessing a lucrative market of properties. The Greece people prefer the traditional coastal area of the Peloponnese and Pelion peninsula for their vacations. Also of course, Greece is also known for its famous restaurants as well as the popular Ouzo, the intense liquor that is a favorite amongst Greek people.
The valuable real estate in Egypt is now in a state of potential flux. From the protesters in Egypt’s point of view, any way forward must include more than the usual opposition figures and Nobel Peace Prize-winner Mohamed ElBaradei. While the protesters may respect those individuals, there is little indication that they look to them for leadership. Hence the military in Egypt has great power over the prime real estate all over the country, especially the prime Egyptian beach front property with is now seen as a potential investment opportunity by many.
JP Morgan has issued a forecast that it anticipates that the Uruguayan peso will continue to appreciate against the US dollar during 2011. In 2010 the dollar kept falling during the second half. This bodes well for investors in Uruguay, especially in the real estate sector.
Experts in real estate South of France credited the robust development this past year towards the enhanced financing conditions carried out by the French government’s safety net which prevented the country’s economic decline. Thanks to these steps the final quarter of 2010 witnessed those contemplating investing in property available South of France could actually borrow more at historically low interest. With French mortgages striking post war levels of 3.3% down from 5% just two years ago.
China has attained yet another milestone, as it is just announced that it took a leadership position in the World of real estate transactions this last year, with $197 Billion in the 2010 set of Global transactions. China had $197.1 billion of purchases this past year, 23 percent more than in 2009, a major New [...]
City planners in south China have laid out an ambitious strategy to combine collectively the nine urban centers that lie around the Pearl River Delta. The “Turn The Pearl River Delta Into One” scheme will create a 16,000 sq mile urban area that is 26 times larger geographically than Greater London, or twice the scale Wales. The revolutionary mega-city will cover a sizable section of China’s manufacturing heartland, extending from Guangzhou to Shenzhen and including Foshan, Dongguan, Zhongshan, Zhuhai, Jiangmen, Huizhou and Zhaoqing. Together, they account for almost a tenth of the Chinese economy.
The $524 billion Norwegian Government Pension Fund Global received government approval last year to invest as much as 5 percent of its assets in real estate, or about $26 billion. Its first announced purchase was the stake in London’s busiest shopping district for 452 million pounds ($712 million). Norway’s sovereign wealth fund, which is buying a quarter of London’s Regent Street, hopes to obtain additional property in the U.K. and France in the next six months, according to its head of real estate. “We are in active dialogues both in the U.K. and in France,” Karsten Kallevig, head of the real estate team for Norges Bank Investment Management, which manages the fund, said in an interview in London today. “One of the two probably would be a good bet” for an investment in the next six months, he said.
The Venezuelan Government has a new top priority for 2011: protecting the rights of renters and home buyers. President Hugo Chavez announced his administration’s new focus for the New Year during a ceremony held last week at the Presidential Palace. Recently, many home buyers had been scammed by local development agencies in the Caracas neighborhood [...]
Bolivian President Evo Morales has recently reversed his decision to slash government subsidies on diesel and gasoline amid mounting opposition. He called a special conference New Years Eve to tell the public that he wanted to spare Bolivia further civil unrest after a week of heavy protests that were quickly turning violet before the new [...]
