In the 12 Mar 2010 edition of the Marquette Turner Luxury Homes eMagazine we feature the award winning development on Nurai Island in Abu Dhabi, with its stunning overwater villas and beachfront residences. There’s also the weekly wrap up of headlines from around the world, plus we invite you to take part in the Step by Step Property Success seminars. There’s also the new Raffles Residences in Manila, tips to get the most out of your sale, and the backlit bathtubs.
Interesting real estate and finance stories making headlines in print and online media from around the world 6-12 March 2010, including news from Australia, the US, UK, Qatar, Canada, Singapore and more.
Medine and Jane from Step by Step Property Success are property investors with 20 years’ experience to share. Together, their individual portfolios include 16 properties worth over $10m. And they’re going to share their knowledge in weekend seminars throughout Australia.
Seeking to cool a growing economy, the Reserve Bank of Australia has increased interest rates from 3.75% to 4% in a move widely expected by experts. As the only major economy to avoid recession (generally considered to be two consecutive quarters of negative growth), and the first to raise rates from 50-year lows as the economic crisis eased, it follows three consecutive rises at the end of 2009 but is the first rise for 2010.
If you’ve been hearing nothing but negative news about the London property market, all is not quite as it seems. February was a good month for the city, and prices for prime London residential property are up 19 percent since the spring of 2009, and house prices in the main London neighbourhoods are only 10 percent below the market March 2008’s peak.
Interesting real estate and finance stories making headlines in print and online media from around the world the week 20-26 Feb 2010 include: AUSTRALIA: Home ownership even more out of reach; AUSTRALIA: Adelaide City Council releases details of secret heritage properties; AUSTRIA: Join the high society in the Austrian ski resort of Ischgl; CANADA: Banking on the Games afterglow; CANADA: Home-owning nation – An Amerindian experiment with property rights; CHINA: Hong Kong Growth Quickens Amid Property Bubble Risk; EGYPT: Egyptian developers turn to middle priced projects in the short term, report indicates; INDIA: Realtors want focus on affordable housing; NEW ZEALAND: John Dorbu – The great mortgagee ripoff; THAILAND: New guidelines add to transparency of Thai real estate market; UK: Playing a waiting game – The big question: stay put or sell up? With the outlook across the United Kingdom still gloomy, it’s a tough one to call; USA: New Home Sales Surprise Economists With Drop To Record Low In January; USA: Terry Hoskins demolishes house to stop bank foreclosing and selling it
Real estate news from around the world this week, including Australia – RBA says emergency over and rates will rise, New Zealand – Government predicts boom year for house builders, USA – Five most (and least) affordable cities, UK – Home repossessions hit 14-year high, Dubai – Prices of Dubai flats to fall by 20 percent, Turkey – Overseas Property Experts Tip Istanbul, India – Real estate prices have come a full circle & China – China’s Real Estate Priced Out.
The Sydney median house price results for the 6 months to December 2009 have shown a recovering Luxury market with some fantastic gains throughout the Eastern Suburbs and the Lower North Shore. The Queensland market has also continued its recovery with some excellent median sale prices (houses) in the 6 months to December.
Unless you’re Royalty, living in Buckingham Palace is unthinkable. If you have the money, however, you can have the next-best thing. As recently reported in Britain’s Daily Telegraph, London’s 50,000 square foot Regency Terrace, which currently houses a row of seven office buildings, will be converted to a seven stuccoed mansion by property developer Marcus Cooper, making it London’s second biggest home after the Palace.
The Reserve Bank of Australia has decided to keep interest rates on hold at 3.75%. It was widely expected that interest rates would increase by 0.25% and the markets had already factored in that expected increase. Rates are still 3% less than when the current Federal Labor Government won power in November 2007.
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