PropertyO News
Commercial property, Apr 2009
Obama made homeless
For more than 100 years, American Presidents visiting the Big Apple have stayed in the Astor Suite in the world famous Plaza Hotel on New York's Fifth Avenue - but from now on, Obama will have to find an alternative place in which to lay his hat as the Astor Suite is up for sale for £25 million...
Thu, Apr 30, 2009
Back to black
An Irish investment fund is buying up properties on the Black Sea Coast in Bulgaria where property investors who are feeling the effects of the credit crunch are selling up...
Thu, Apr 30, 2009
Revamped resort into receivership
The Great Barrier Reef's Fitzroy Island has placed its freshly revamped resort into receivership just five months after it opened...
Thu, Apr 30, 2009
Ajman: must register before may
Developers and master developers in the Gulf emirate of Ajman have until the first of May to register to sell off plan properties or find themselves operating illegally...
Tue, Apr 28, 2009
Auckland: empty offices on rise
Double-digit vacancy rates are being forecast for Auckland offices...
Tue, Apr 28, 2009
Tax change for holiday lets
Thousands of UK holiday-home owners with places in Europe stand to lose a range of tax breaks under changes announced in last week's Budget - but, in the short-term, they have been given the chance to apply retrospectively for a tax rebate previously reserved only for owners of UK-based holiday lets...
Mon, Apr 27, 2009
Continental retail investment down
Retail property investment in continental Europe in the first quarter of the year was down by more than £444 million compared with the last quarter of 2008, research from Jones Lang LaSalle has said...
Fri, Apr 24, 2009
Raffle tickets
One of the most famous hotels in the world, Raffles in Singapore, has hosted Queen Elizabeth II, Ava Gardner and Charlie Chaplin, but now this symbol of colonial grandeur has been put onto the market for £300 million as the effects of the credit crunch hit its royal owner...
Wed, Apr 22, 2009
Nz's basil fawlty
Prominent residents of Wainuiomata in New Zealand have hit back at a Palmerston North "Basil Fawlty" who has banned anyone from the Lower Hutt suburb from ever staying at his motel...
Wed, Apr 22, 2009
Bargains to help USA
Commercial property landlords in the US are in survival mode as the sector struggles to maintain values, but real estate investors are optimistic that bargain prices will help the industry...
Fri, Apr 17, 2009