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Property News |
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International
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Last
Updated: Apr 26th, 2009 - 18:40:42 |
United Kingdom
UK Mortgage Lending Sees Increase in March
The HMRC reported official home sales figures jumped 40% from February to March. A similar positive trend was reported in a 16% increase in month over month mortgage lending, though housing transactions are expected to remain at relatively low levels.
Apr 22, 2009
Brazil
Sothebys Bets on the Luxury Property Market in Brazil
Sothebys is betting that demand for luxury properties in Brazil will grow as the government and banks eliminate the restrictions on lending for property. Sothebys has signed a partnership with Bank Santander to help with financing requirements and plans to open 6 offices.
Mar 24, 2009
Estonia
Currency Pegs Under Severe Pressure for Baltic Countries
Currencies of the Baltic states of Latvia, Lithuania and Estonia have remained pegged to the Euro as their economies suffer from a reduction in foreign credit and waning consumer demand.
Feb 7, 2009
Bulgaria
NYU's Roubini: ... Bulgarian Lev next for devaluation
Bulgaria drained 16 percent of its reserves to $16.8 billion in the second half of last year in an attempt to maintain a fixed exchange rate with the Euro.
Feb 5, 2009
Czech Republic
Starting February Budget Wizz Air Opens New Route to Prague
Wizz Air plans to offer four flights per week from London Luton to Prague starting in February. Part of the airline's planned expansion in Central and Eastern Europe, Wizz Air will compete directly with SkyEurope for this route.
Jan 26, 2009
United States
Bainbridge Cos. Targets Acquisition of East Coast Distressed Property
Bainbridge Cos. is seeking acquisitions for its newly formed distressed properties group. Using its own capital, the group is targeting mixed-use and multifamily properties that may be in foreclosure or in debt situations.
Jan 23, 2009
France
Money Managers compete over new Endowment for Paris' Louvre Museum
Paris museum, the Louvre, is launching a U.S.-style endowment in February with €175 million it received to set up an Abu Dhabi offshoot of the museum.
Jan 22, 2009
Spain
Ryanair Opens 4 New Routes from Barcelona's Reus Airport
Ryanair continues to expand with 8 new routes across Europe, and 4 new routes from Barcelona Reus. Ryanair's investment in Reus helps support 1000 local jobs and tourism revenues in Catalonia.
Jan 22, 2009
Poland
New Nuclear Plant Planned for Poland and Baltic States
A new nuclear power plant is planned to be built by Lithuania, Poland, Latvia and Estonia. The majority of the plant's capacity will be allotted to Lithuania, but Poland’s minimum requirement must be met to justify their planned €800 million investment.
Jan 16, 2009
United Kingdom
Ryanair Calls on Gordon Brown to Repeal "Visitor Tax"
Ryanair, the UK’s largest discount passenger airline,cites the unfair and regressive £10 visitor tax as a cause of steep decline in traffic to the UK's airports.
Dec 15, 2008
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