UK Real Estate Prices Continue to Drop

This is the time of year when most analysts and industry experts have solidified their predictions for 2009. However, due to the volatility of the real estate sector, at least two UK firms have decided not to issue any such forecasts.

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Homeowners Look Toward Eco Makeovers

Better Homes and Gardens Real Estate (BHGRE) has just released the results of a poll of 2,300 homeowners who were considering environmentally friendly makeovers for their houses. Residential property is in the limelight these days, and in the renovation market eco-friendly makeovers are all the rage. However, with the current state of the economy, 36% of respondents claim that the additional expense to make their homes friendlier to the environment makes the plan less feasible. Also cited was inconvenience (22%); lack of knowledge (18%); and simply not enough time to explore the new way (17%).

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2009 Outsourcing Trends Announced

The International Association of Outsourcing Professionals (IAOP) has released a report predicting the top five outsourcing trends for next year. As the global economy continues to sink into a recession, companies worldwide will choose to stick closer to home when picking outsourcing partners. IAOP, the leading international organization for outsourcing professionals, also predicts firms will demand higher levels of savings, expertise, certification, and efficiency.

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London Prices Will Continue to Fall

Residential real estate prices in London topped the list of the most devalued throughout the UK for 2008. According to Hometrack Ltd, that trend is not likely to change any time soon. The average decrease in property prices across the country was 8.7%, while London showed a decline of 10.1%. Residential real estate prices in the city fell by 1% in December alone while the rest of the country saw a decrease of .9%. Read more

Worldwide Property Group Looks Ahead to 2009

The Worldwide Property Group, an Oxfordshire based property consultancy, does not seem to be intimidated by the ongoing real estate slump in the global market. The company, including property consultant Edward Kirwan, currently has investment properties in the UK, Greece, Turkey, Brazil, Cyprus, Mongolia, Turks & Caicos, New Zealand, Thailand, Spain, Bulgaria, US, Bahamas, Romania, Australia, British Virgin Islands, Malaysia, Panama, Italy, Caribbean, and Portugal. Read more

Marriott International appoints New Hong Kong GM

The Hong Kong SkyCity Marriott Hotel, a five star hotel in the Marriott International brand, has announced its new General Manager. Robert Jensch, former General Manager of Jamaica’s Ritz Carlton Rose Hall, has signed on to be the leader of Hong Kong’s newest - and only - Marriott Hotel. Marriott International operates four other hotels in Hong Kong under a different brand. Read more

London’s Café Royal Says Farewell

There are times when progress doesn’t seem so, well, progressive. That is definitely the case with the closing of London’s Café Royal, a 143 year old landmark known for delicious scandal, murder, and a place in the eternal heart of Oscar Wilde.

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BHD Buys Westin Melbourne

BHD, a Malaysian-based TA enterprise, has paid over $160 million to buy the Westin Melbourne, Melbourne’s most prestigious hotel. Read more

Eurex Plans to Launch Property Futures Market

Eurex, the Deutsche Boerse’s derivatives exchange, has announced that it intends to introduce the first property futures market in Europe. The market, which is scheduled to launch in the February 2009, will be based on the total returns recorded by the UK Annual All Property Index.

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Bulgaria is in Top Ten for Real Estate

A recent report from Globaledge.uk shows that investors from English speaking countries are showing an increased interest in Bulgarian real estate. Globaledge.uk receives over 1.4 million orders for international real estate across the globe.

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