UK Government Policy Likely To Increase Bank Repossessions

Over the last three months we have heard nothing but bad news concerning the UK recession and with the conservative/lib dem government’s economic blinkers firmly in position, it’s anticipated that there will be a much higher rate of bank repossessions in the future as we nose-dive into an almost certain double dip recession. Today’s reports […]

Predicted Restraint on Confidence for 2011

london properties

The hesitant character that dominates current market sentiment will probably continue to restrain confidence in price growth for 2011. So for the time being, those wishing to sell are encouraged to price their property prudently and to be aware of the required essentials of preparing and presenting their property in order to increase their chances of […]

Atlantic Yards Finally Buys Off Last Opposition

Atlantic Yards can now go ahead - but will it look like this?

The last remaining holdout against the Forest City Ratner Atlantic Yards development has caved after accepting $3 million for his $500,000 apartment in Brooklyn. Daniel Goldstein held out for six years, but as the saying goes – you can’t fight City Hall and after the New York Court of Appeals upheld the decision to allow […]

Las Vegas Luxury Condos at 30 Percent Off

lasvegasluxurcondos

CityCenter, Las Vegas’ latest luxury condo development has announced a 30% cut in prices for deals that were already agreed. This is an unusual move and one that is hoped will rejuvenate the Las Vegas condominium market. But the thinking is that this is flawed – most agree that  a 30% cut in prices is […]

Confident sales, buoyant rentals – a Dubai Market Update

A mood change has been going around investors worldwide in the last couple of months. The current recovery of the global bourse has boosted investors’ moods, and banks in stabilising countries resumed lending once more, even though with a slow start. This optimistic effect has also caught the local stock markets. Much like the oil […]

Luxury Hotel Industry About to Collapse Under $24.5 Billion in Debts

The luxury hotel industry has been showing signs of struggling over the last year or so, with a number of high end hotels defaulting on loans, but a recent report from Realpoint LLC, a credit rating agency that follows the commercial mortgage-backed securities suggests the problem may be somewhat larger than originally thought. According to […]

Half price luxury homes

luxury home in ireland

Five luxury homes in a development in Kilmacanogue, Co Wicklow, Ireland, have had their prices slashed by up to €1 million each. Five luxury homes in Rocky Valley Crescent, have been dropped to under €900,000 – the original asking prices were in excess of  €1.8 million, meaning a reduction of over 50%. Roscommon builder Alan […]

The World has Ended

The World has Ended

We have been suggesting for some time that the luxury real estate market in Dubai was going to collapse and slowly but surely that has come to pass. Dubai is finished. The Times has finally acknowledged that Dubai is all but finished as any sort of investment destination with the indefinite “delay,” of the World […]

Luxury Condo developer takes a loss

Things are continuing to get ugly in the luxury condo development world as the credit crunch continues. I suspect 2010 will be the year of the record lawsuits, but 2009 is shaping up nicely. It is still anyone’s guess just how long Donald Trump will be spending in court over the next couple of years, […]

Luxury homes in the news 08/20

President Obama to vacation in Martha’s Vineyard, more Luxury home foreclosures; Michael Jackson’s doctor faces foreclosure; and a man in scuba gear burns his luxury McMansion after it fails to sell. As usual, in the current economic crisis, the news on the luxury home front tends to be either very positive, or extremely bad. President […]