The Rest of Europe May Fear another Recession, but Albania’s Bucking the Trend



Although there are real fears of Europe slipping into another recession, a recent report released by the International Monetary Fund shows Albania is bucking the trend, with GDP growth for 2011 predicted to be around 2.5%, increasing to 3.5% in 2012. The growth forecast for this year is lower than the 3% GDP growth seen […]

Aqua Private Residences, the First Waterfront Apartments in Manila



Aqua Private Residences, which are the first waterfront apartments in Manila, Philippines, have just been released for sale to international investors in the UK and Europe.   Aqua Private Residences is an innovative and iconic waterfront development which is designed to include the equivalent of two times its total land area in tropical greenery, water […]

Is the Chinese property bubble about to burst?



In spite of intensive cooling measures introduced by the Chinese government, residential property prices have risen for 9 straight months and figures from China’s National Bureau of Statistics show prices increased by an average of 12.8% year-on-year in the 70 cities tracked.   It now takes a persona earning the average Chinese household’s income 17 […]

Irish Banks Must Find $18.4 billion to Pay Real Estate Debt



Banks in Ireland are in a world of hurt, if a stress test performed by the Irish Central Bank is anywhere close to reality.  According to the results, Irish banks may need at least $18.4 billion USD or 13 billion Euros to cover all of the debt from bad real estate deals. Last year the […]

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