Luxury Apartments in India Attract Young Professionals

The Acropolis Luxury Aprtment Complex in Bangalore - 40% rent reductions

With prices for luxury apartments in India falling as much as 50% in price recently, younger, professional Indians are finding themselves in a position to afford far more luxurious accommodation than previously. In Bangalore, for example, rents on luxury apartments have fallen around 40% in some areas and as much as 50% in other parts […]

Arrested Development – U2’s Street with No Name

u2-way

Even as Irish rock band U2 were having a street named after them in New York (53rd street will be U2 way for a week) news of the collapse of their luxury apartment development in Dublin’s distressed docklands takes the shine off. Not long so ago, Bono and a team of property developers cast their […]

International Luxury Real Estate News Roundup

"I promise no more boom and bust economics" Gordon Brown 2007

Global Downturn Dooms Prestige Construction Projects, reports Der Spiegel and asks the question whether this spells an opportunity for sustainable building? I must admit to have never really understood the use of the term “sustainable,” which seems bandied about by almost every developer. In fact, many of the spectacular construction projects that have recently been […]

Luxury Homes in India Stop Selling

Luxury homes in India stop selling

Like much of the world, the financial crisis is hitting Indian property markets hard. Particularly high-end homes, with the problem being exacerbated by a very skewed proportion of luxury homes to starter homes. During the boom times, Indian property developers concentrated almost exclusively on building luxury apartments aimed at foreign investors or NRIs (Non Resident […]

Luxury Homes in Slovakia drop 40% in Price Overnight

Artists' rendition of the River Park Complex in Slovakia

A luxury property developer in Bratislava has slashed prices of a luxury housing project by 40% Much to the ire of other local luxury property developers, J&T real estate have reduced the prices of luxury apartments in their “River Park,” complex in Bratislava by 40 percent. Overnight on November 11th.  River Park is a luxury […]