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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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Raffles City Bahrain, the landmark integrated waterfront real estate development to be located at Bahrain Bay, was awarded the CNBC Arabian Property Awards in the category of “Best Property, Bahrain” during a gala dinner held yesterday at the Madinat Jumeirah in Dubai. The Raffles City Bahrain integrated development will include high-end waterfront residential and retail [...]
A new website marketing luxury properties launched this week – EliteAlps.com The site focuses purely on properties in the tourism hot spots in Austria. People who are interested in buying property overseas find a selection of luxury properties, castles, villas, chalets, apartments and houses, in Vienna, Lake Attersee, Salzburg, Kitzbühel, Zell am See, St. Anton [...]
Indians today have a keen understanding of global trends and are becoming rather savvy in terms of their lifestyle expectations. It seems as though “luxury mania” has hit the people of Mumbai. No longer are they satisfied or willing to settle for the run of the mill type of apartments. If you have the money, [...]
Developers had a good year in Israel in 2007, but there has been a slowdown in the luxury home market during 2008. With one exception – The Ultra Luxury market. Much like the super luxury market in France, which recently witnessed a record-breaking price for La Leopolda, a luxury villa on the French Riviera, the [...]
A residence fit for a King – or a Queen. Possibly the most expensive, most exclusive, most desirable, most spectacular, most………. When they talk of ultra-luxury, this is what the word was coined for. “Oakmayne bespoke,” will soon be launching what has to be the most (see above) properties in London – 6 double-fronted ambassadorial [...]
