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Property funds firm Invista Real Estate recently said that commercial property prices in mainland Europe will fall by an average 5-10% this year and probably by more in Madrid and Barcelona.
Huge celebrations have been held in Romania and Bulgaria to mark their accession to the European Union, 17 years after the fall of Communism.
Brazil is on fire! Not literally of course. That would be serious, sober-minded news, not appropriate for association with an upbeat exclaimation mark as above.
With the media rife with stories of credit crunch gloom and property industry redundancies, we are pleased to be able to announce some positive news within the industry.
KUALA LUMPUR: The government will scrap capital gains taxes on property deals as of April 1, the prime minister said Thursday as he announced a pro-investment programs and incentives aimed at spurring the economy.
The former communist nation is, in fact, surprisingly sophisticated — and expensive. The Prince of Wales has bought a house there, and the country is also home to many fashionable restaurants and bars.
Sao Paulo is one of the world's most vibrant cities - and one of the most violent. Is it a safe bet for British property investors? We showcase some of Brazil's more peaceful alternatives. Andrew Downie reports
A huge demand for homes in the sun has seen Britons' spending on properties overseas increase by 45 per cent in four years. The number of Britons owning second homes abroad now exceeds a quarter of a million people, at 257,000.
REAL ESTATE BOOM: Brazil, including Sao Paulo, is seeing a strong increase in real estate demand and investments. US investment firms are setting their sights on the Brazilian real estate market, lured by economic fundamentals.
BUCHAREST, Romania: Blue-and-gold EU flags fluttered across Bucharest and fireworks thundered through the sky at midnight in Romania and Bulgaria as the two Balkan nations became the latest countries to join the European Union.
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