
Generous tax concessions and the five-star facilities at luxury golf spa Aphrodite Hills are making retiring to Cyprus an increasingly popular choice for overseas property buyers, report prestige property experts Savills Select Resorts. Pensions tax is just 5.0 per cent in Cyprus which has one of the most generous tax environments in Europe – an added bonus to go with its 340 days of annual sunshine and warm Mediterranean welcome. The benevolent...

Engel & Vôlkers North Mallorca and Menorca, Spain opens their first real estate office in Punta del Este, Uruguay. In this major strategic move, E&V are expressing their confidence in the international real estate market which continues to recover from economic downturn, with an increasing number of people seeking their place in the sun. Since the early 1960’s, Punta del Este has made its mark on the international “jet set”...

The company, which launched to global acclaim on January 1 2006, said that the two projects demonstrate the strength of the real estate projects in the Holy Cities, set to be further developed over the next decade. The Al-Tilal Project in Madinah allows Muslims from all over the world to purchase permanent villa homes nearly 10 kilometres from the Prophet’s Mosque. The Royal Clock Tower is the central tower in the Abraj al-Bait Project, 50...

Williams & Williams, the premier brand in real estate auctions, announced today that it is selling the Silverdome in Pontiac, Michigan, and 127+/- surrounding acres, through an Absolute, No Reserve Auction in partnership with CB Richard Ellis on behalf of the City of Pontiac. Williams & Williams is accepting sealed bids for the Silverdome Auction now through Thursday, November 12th, 4pm EST. At that time, the City of Pontiac, in its sole...

The affluent consumer market is on the rise. The Luxury Consumption Index (LCI) shows that consumer confidence is increasing, as the average dollars spent on luxury goods is up ytd and from first quarter to second quarter of this year. Buyers, brokers and developers alike express optimism, forecasting that the more than two-year decline in homes sales is over and that the consumer market is emerging from the recession, putting purchasing power back...

Loloma 5 – A completely modern Live/Work solution at a new level of urban experience and architectural design. Showcasing a fabulous palette of materials designed and conceived by Architect Will Bruder. Every unit offers commercial office space, 2 bedrooms, roof terrace, and a view patio aligned with Camelback Mountain. This was the first development in the Loloma Arts District which offers easy access to the very best of historic downtown Scottsdale,...

While many retailers are contracting or limiting expansion, 7-Eleven is aggressively growing and expects to add more than 200 new stores this year. Plans call for the company to accelerate store development over the next several years through organic growth, acquisitions and its Business Conversion Program. 7-Eleven has a multi-pronged approach to growth that includes in-line, end-cap space in shopping centers, freestanding stores, urban locations...

HOCHTIEF Development Hungary, the Hungarian subsidiary of HOCHTIEF Projektentwicklung, has found more tenants for Capital Square. The Hungarian electricity provider Budapesti Elektromos Müvek Nyrt (ELM?) signed up for almost 4,000 square meters of space. On another 1,500 square meters, the first office services center of FirstClients, a newly founded company providing office services, will be opened on April 1, 2009. CA Immo International had bought...

Next Century Associates, LLC, a partnership between Los Angeles based real estate investor Michael Rosenfeld and an entity in the D.E. Shaw Group, today unveiled plans for a $2 billion mixed-use project on the 5.75 acre Century Plaza hotel site. The project will feature two soaring towers rising from a grand plaza with a 240 room Five Star hotel and 163 hotel residences, 130 luxury residential condominiums, 100,000 square feet of office, 106,000 square...

Red Ledges, a development in the beautiful valley of Heber City, Utah, is the world’s only recreational community offering golf and tennis amenities created by legends Jack Nicklaus, Cliff Drysdale and Jim McLean. Red Ledges is a nearly 2,000-acre mountain paradise that will consist of 1,200 luxury custom homes and world-class facilities. Red Ledges has teamed up with Jack Nicklaus, the “Most Powerful Person in Golf” as deemed by Golf Inc. Magazine,...