Observatory Hill, Sydney, Australia
With the credit crunch continuing, and luxury real estate developments collapsing around the world, it is good to see a robust development continuing as planned. Observatory Hill on Sydney’s waterfront is one such example.
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In August 18-24, the price of square meter of housing decreased by 1.5% and became equivalent to $4,140 in the economy-class segment of Moscow residential-development market. According to Agent 002 Real Estate Agency, the number of apartments for sale fell by 5%.
An interesting new approach to real estate marketing. Luxury Property have employed the services of a pro-blogger to write their corporate blog. Whether or not they can stay true to the concept of a blog, or just turn it into the usual real estate blog full of thinly disguised advertorial remains to be seen. This is the company’s official press release on the subject.
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