The amount of speculation driving the real estate market in Panama City is breathtaking. Literally, I sometimes gag when I hear the kind of numbers floating around this place. The amount of money being spent is unfathomable, and for what? No one’s actually getting anything? These are all condos that won’t be built for months, sometimes even years! I can honestly say that I’ve never seen, maybe with exception of the Beanie Baby craze, so many people putting down money and reserving a product that doesn’t yet exist.
This is a collection of weird and unusual properties currently for sale around the world. If you like what you see here, please “Digg” or “Stumble” or post to your favorite social bookmark site. Thanks.
We ran a photo series recently on the Palms Dubai development. And something came to our attention that we hadn’t really noticed when we’d been researching the article – there are no people in the photographs. Now that could have been just a factor of timing, but further research has shown that somewhere in the region of 90 % of the development has been sold to property speculators who have no intention of living there. Whilst this is certainly an ambitious project, we do wonder what the long term effects both on the local marine wildlife and also the human immigrants, if any.
Home buying for most people is one of the largest financial transactions they will undertake in their lifetime. Although you may own a house in your own country, buying a property in a foreign country is quite a different matter. Many people, who would like to purchase property in Greece, find that the Greek real estate market can be a mind-boggling experience. At first the property purchasing process seems to be a very complicated one. Approaching the problem of buying a property step by step shows that it is not that hopeless.
More on Buying Property In Greece: 10 Top Tips to help your house purchase go smoothly
According to the Irish Independent newspaper: “Tens of thousands of Irish homeowners may be facing financial meltdown as hugely hyped overseas property investments turn sour.”
Real estate developers from India will come together this weekend with Citibank offering options for home loans from October 18th to 20th. The event will provide an opportunity for Non Resident Indians (NRIs) in the UAE to check out a variety of home options in 15 cities across India .
Much has been said and written about the Palm Islands development in Dubai, but there are very few photos around of the actual development rather than the famous satellite shot, so here is a selection of the islands themselves.
According to Emaar Properties chairman Mohamed Bin Ali Alabbar. Eighty-five percent of the apartments in Burj Dubai, the world’s tallest building, have been sold, “We sold $1.1 billion (€775 million) in two nights, which is really amazing,” he said.
This is a guide to the ongoing costs involved in owning property in Spain.
Running Costs
All bills must be paid by Direct Debit from a Spanish bank account.
Electricity, Water and Gas:
The standing charges are € 15 per quarter for water, and € 15.84 every two months for a 3.3 1Kw electricity supply. On top of this there is, of course, the actual consumption.
As gas is supplied in bottles it is possible to contract for 1 or 2 bottles. The cost for 1 is approx. € 42, and for 2 apprpx. € 66 Euros. Exchange bottles cost approx. € 6, and can be obtained from Repsol Butano or delivered to the client’s property.
