Spanish Property Developer Kidnaps Bank Manager For Loan

Marbella - Kidnapping Bank Managers Will Not Get You a Loan

A Spanish property developer cracked this week and kidnapped his local bank manager to demand a 50,000 euro loan and the manager’s Rolls Royce. He apparently accosted the bank manager in a car park in Marbella, told him that his family was being held hostage and forced him to drive to a bank in Estepona […]

Rubies are a Girl’s Best Friend

£11 million?

Well a property developers best friend in any case. In what has to be the most entertaining story so far this year, (and we are having a bumber year – see the Yellowstone Residence club debacle) the star of the story is an £11 million Ruby. No ordinary Ruby this apparently. The Story – Shropshire […]

Luxury Property in Dubai – Major Developer Sheds 600 Staff and Interior Photos of the Atlantis Hotel

The Atlantis Hotel in Dubai

The news from Dubai goes from bad to worse. A major luxury property developer has fired around 600 staff. Dubai Properties, whose projects include the Jumeirah Beach Residence and Culture village, have made substantial jobs cuts – as many as 600 staff have been “let go.” Although my current favorite euphemism is “headcount adjustment.” The […]

Luxury Real Estate in the News – Trends around the world

Luxury Property News

Smaller luxury real estate firms are being absorbed by larger rivals as the market goes through a major shakeup. SLT today reports that Janet McAfee Inc has taken over Edward L. Bakewell Inc, in St Louis. Both firms serve the luxury property segment in St. Louis and St. Louis county. This trend is continuing around […]

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 […]

John McCains House up for Auction

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The Larsen company of Arizona has a piece of property up for auction in Phoenix on the 25th of this month. The property in question is 7110 N. Central Avenue in Phoenix, Ariz, consists of 15,000 square feet of livable space with 13 bedrooms, 14.5 baths and garage space for 7 cars on 2.7 acres. […]

Interview with a Luxury Real Estate Developer – Mike Ryan Owner and developer of The DeckHouses at The Ritz-Carlton Grand Cayman

The DeckHouses Grand Cayman

Mike Ryan is a long-time luxury property developer with an “interesting,” pedigree. Since the age of 14 Mike has been involved in property development in one way or another, from planning, construction and administration. He has earned a reputation as a “hands-on” operator, and has been involved in numerous successful luxury developments around the world. […]

Luxury Property in Dubai expected to see Price Correction

"People buying mid-range apartments are doing so mostly to live in them as homes rather than looking for short-term gains," says Mohammed Nimer, CEO of MAG Group Property Developmen

High end luxury property values in Dubai are likely to see the largest fall in prices during the expected correction says mid-range property specialist, Mohammed Nimer If a correction in the United Arab Emirates real estate market is imminent, it will be high-end property values that suffer most rather than mid-range, according to a leading […]

Dubai developer launches online investor “One stop shop”

Construction on the Dubai Metro

Limitless, the global master development arm of Dubai World, has launched “ideveloper” – a web-based one-stop-shop for investors. ideveloper allows investors online access to all information relating to their project, including the development code, procedures, payments and approvals for design and marketing concepts. Customers can also submit plans, email inquiries and receive online updates with […]

Earth Liberation Front vs Luxury Developers

Three luxury show homes were destroyed in fires in Quinn’s Crossing, a Seattle suburb, this week. According to local officials, “domestic terrorism” was the cause and evidence at the scene suggests the involvement of a group called The Earth Liberation Front. According to The Seattle Times: Early reports indicated that explosive devices were found inside […]