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02/05/2012 10:32:42
‘Big brother’ style surveillance or issue of national security
The European Parliament adopted a controversial bill allowing the US Department of Homeland Security to access personal data of airline passengers travelling from Europe to the United States. This agreement is applicable to airlines operating flights between any of the 27 EU countries and the US and allows the Homeland Security to gather data on the Passenger Name Record (PNR). Opponents and critics of the agreement are calling it an inv...
26/04/2012 10:10:15
Pros and Cons of conducting business in Sofia
The lack of transparency and predictability in bureaucratic procedures, is the main obstacle to foreign business investment in the capital city of Bulgaria Many foreign investors are interested in doing business in Sofia, but for one reason or another, they turn to more alternative destinations outside of Bulgaria. Others, who yet decide to settle their business in Sofia, are met by a number of obstacles, related to outdated or underdevelope...
20/04/2012 13:09:05
Australian beach town prices go up
Figures from property research group PRD nationwide show that residential property prices in certain coastal areas in Australia are rising, which might be a sign that the worst could be over for beach towns. According to the research, the best performing coastal town for last year was Bells Beach in Victoria. Apartment prices are actually stronger than house prices, with the first recording a growth of 24.5% during 2011, whereas the second by...
20/04/2012 11:46:17
Alternative property deals are attracting more new investors
Health care facilities and student residential complexes bring higher returns and stable income, however some complications may arise According to the Wall Street Journal the appetite for investing in alternative estates in Europe is growing, which is evident from the two upcoming deals for student housing in the UK totaling 1.4 billion pounds. Barclays Capital PLC is about to sell its majority stake in the University Partnerships Progr...
20/04/2012 10:55:02
Paris – the new European leader on the property investment list
The global property adviser CBRE reports that Paris has overtaken London at the top of the chart for property investment in Europe. Another change in the top 10 is Moscow coming up sixth before Berlin. Significant increase of investments in the final quarter of 2011 was registered in Paris, from €3.6 billion in the first half of the year to €7.9 billion in the second half, resulting in the first change of the leader of the ranking sinc...
20/04/2012 10:54:52
Nationwide: House prices dip in January
The latest house price index from the Nationwide Building Society has revealed a 0.1% fall for the month of January compared with December. The latest fall means house prices are now 1.1% lower than this time last year with the average UK home costing £161,600. According to Nationwide’s chief economist Robert Gardner, the outlook remains uncertain and the lack of buyers, together with the ongoing lack of mortgage availability, me...
20/04/2012 10:52:39
$13 Trillion U.S. Debt Poised to Overtake GDP: Chart of Day
President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.” The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, based on forecasts by the International Mo...
20/04/2012 10:52:27
UK residential property prices fall 0.4% in May as Halifax warns they are now likely to flatten out
UK residential property prices fell by 0.4% in May, the second monthly fall in a row, according to the latest house price index from the Halifax. This follows a price fall of 0.1% in April but prices are still 6.9% higher than they were a year ago with the average house price is now £167,570. It is the start of a slowdown that will leave the real estate market flat during 2010 as rising unemployment is curbing demand, according to Mart...
20/04/2012 10:52:17
Overseas investors look for urban properties in Bulgaria
Individuals looking for property in Dobrich, Bulgaria, may be interested to hear that the country is seeing renewed attention from overseas investors seeking real estate in metropolitan areas. According to Bulgarian news website Novite, a new study conducted by GreenLife has pointed to the revival, with apartments proving a popular choice. However, investors are aiming to purchase only attractive and promising plots, whose owners want a...
20/04/2012 10:51:53
Anglican cathedral made from cardboard
In the city of Christchurch of Wellington, New Zealand Anglican leaders have decided to build a temporary cardboard cathedral to replace the iconic stone Christ-Church Cathedral, which was ruined in the last year’s devastating earthquake that killed 185 people and destroyed much of the town’s center. Although most of us imagine solid, grand, architectural masterpieces when mentioning the word cathedral, the city leaders hope to...
20/04/2012 09:39:48
Student visa restrictions harmful to UK universities
Top people in the UK education sector are warning the Government that restrictions on student immigration will adversely affect British universities. A consultation on whether the Government should tighten the reigns on student immigration for non-EU students taking below-degree level courses is currently underway. According to official UK immigration statistics, the UK admitted approximately 180,000 foreign students taking below degree-leve...
20/04/2012 09:36:26
Canadian immigration remained at high levels in 2009
The rate of immigration remains high with more than 500,000 new permanent and temporary residents in 2009. Immigration Minister Jason Kenney had the following to say: "Momentum toward a full economic recovery continued throughout 2009, and immigration will continue to support that momentum." Immigration Minister Kenney went onto say that "The Government of Canada is maintaining immigration levels to meet Canada's short-, mediu...
20/04/2012 09:36:00
Honda hit by second strike in China
Honda has had to halt production at two of its four car assembly factories in China after another strike by workers at one of its Chinese parts facilities. The Japanese firm said work had stopped on Wednesday because of industrial action at exhaust-maker Foshan Fengfu Autoparts, which it part-owns. It is the second time in two weeks that its Chinese production has been hit by a walkout over pay at a local supplier. The earlier strike at ...
20/04/2012 09:22:20
Elvis made just $1,000 down payment for Graceland
Elvis made just $1,000 down paymentfor 'Graceland'. Graceland is a large white-columned mansion with a 13.8-acre (5.6 ha) estate in Memphis, Tennessee, which Elvis Presley bought for his parents. In early 1957, Presley gave his parents a $100,000 budget, and asked them to find a "farmhouse" type property to purchase. At the time, Graceland was located several miles beyond Memphis's main urban area. In later years Memphis wo...
20/04/2012 09:21:15
Flying prototype car - no longer pure fiction
The aerospace company Terrafugia developed the first Transition Street-Legal Airplane prototype The impossible dream may soon be reality, as the Terrafugia executive promised to have the final product ready for customers as soon as next year. The pilots and engineers from the Massachusetts Company have completed the first round of trials of the prototype. The drivable plane landed its first flight at Plattsburgh International ...
20/04/2012 09:20:48
The super eco-friendly house
Husband and wife Karl Wanaselja and Cate Leger designed and built their ‘recycled’ California home in one of Berkley’s oldest residential areas. The eco house is made entirely from reclaimed wood, pieces of junkyard cars, and an old shipping container. The owners really put a lot of thought and many original ideas into the design and function of the home, as well as a lot of experimenting with the salvaged materials beforehand. The...
20/04/2012 09:20:32
The American Versailles is on sale
One of the biggest houses in the United State called Versailles (don’t confuse it with the one in France) needs a buyer who is looking for a home larger than the White House estate. The unfinished lavish 90,000-square-foot Floridian mansion is threatened with foreclosure, which prompted the owners to put it for sale. Versailles is an estate in Windermere, Florida constructed by Westgate Resorts founder David Siegel and his much younger,...
20/04/2012 09:20:16
Property prices still record high in Hong Kong
Prices remain high in Hong Kong, which prompts the risk of a property bubble, warns the Financial Secretary John Tsang, who also said that if there are signs of overheating of the market he will introduce more cooling measures. The growth of prices in the last two years is due to the rich investors switching from cash to property amid the panic caused by the European debt crisis. People prefer not to hold cash, and logically the rich have sta...
20/04/2012 09:19:56
Decline in the volume of global commercial property transactions
The latest market report from Jones Lang LaSalle shows that sales of global commercial property have gone down with 23% since the beginning of 2012, transaction volumes currently amounting to $75 billion. However, it’s not all bad news on the property market; the underlying attractiveness of real estate continues due to strong demand and sound fundamentals. The last quarter of 2011 showed a very active desire to close deals. However, it wi...
29/03/2012 16:47:52
Record-high land prices in Japan’s Northeastern Region
Record-high land prices in Japan’s Northeastern Region. After the devastating earthquake and the tsunami that hit the Northeastern Region in March last year, land prices have gone up, due to the spurring housing demand. The rise is most visible in the Miyagi prefecture, which was damaged by the tsunami. Demand rose for real estate located inland or at a higher altitude, with most gains for owners in theShirasagidai area in the city of Ishi...
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