Own A House - real estate market news

In June Paris Hilton will open the boutique in one of the most magnificent hotels of Turkey Vogue Avantgarde.
In June in the Near East the next set of reality show Paris Hilton’s My New BFF, where Paris Hilton is going to search for friends worldwide, starts.
Meanwhile, according to real estate agency DOKI, habitation cost in Kemer’s area, where hotel Vogue Avantgarde is located, has grown in May on 12 % as a whole on the market. Average cost of one sq. meter in economy class makes $1,532 thousand that is on 16 % above an April indicator.
In business class prices for one sq. meter has grown on 12 % - up to $2,959 thousand, and the elite habitation has risen in price on 8 % -to $6,273 thousand for one sq. meter.

In territory of Moscow technopark Nagatino i-Land first office building - “German centre of the industry and trade” has opened.
Opening ceremony of “German centre” have visited more than 500 invited visitors, among them - representatives of the government of Moscow, the government of the earth Baden Wurtemberg, delegation from Deutsche Bank LBBW have visited opening ceremony of “the German centre”. It is already the eighth “German house” in the world - similar parks have been already opened  are in Singapore, Djakarta, Mexico City and other cities.
As it has become known “German centre” will place 120 German small and average enterprises. The project budget has made EUR 230 million.
Let’s remind, Moscow city technopark Nagatino i-Land is a modern office-business centre with about 1 million sq. meters total area. The project is realized under the initiative and at support of the government of Moscow.

Corporation Mirax Group and hotel network Rixos Hotels have made the decision on renaming of hotel Sungate Port Royal in Turkey, belonging to corporation. The project will be developed under the brand Rixos Sungate.
Let’s remind, that in April Mirax Group shareholders have decided to transfer hotel into Rixos Hotels management. The contract on management is concluded for a period of ten years with prolongation possibility.
The decision on transfer of an operational management is caused by desire to improve Sungate service and to maximize its profit.
Riхоs Hotels - is one of the largest hotel operators of Turkey.

In May sellers of houses in the Great Britain have considerably risen prices for the real estate.
The average price of the British house in May has grown on 2,2 % in comparison with April - up to 227,441 thousand pounds sterling. It is the greatest increase since February, 2008.
The most considerable rise in prices is fixed in East Anglia (+5,1 %). In London the habitation has risen in price on 2,7 %.

In April, 2009, the rate of demand in segment of expensive rent has remained at level of March both on number of demands, and by quantity of the signed transactions. Such information has been represented in IntermarkSavills’s report.
In April the average budget of signed contracts of rent of apartments in Moscow has not practically changed and has made $5,44 thousand a month.
Apartments with a monthly rent of $6 thousand are still in demand (about 70 % of cumulative demand).
At the same time, demand for more expensive objects, including apartments with budgets from $15 thousand a month (on the last it is necessary about 3 % of transactions) remains the same.
Since April, 2009, cumulative offer in a segment of expensive rent has not changed in comparison with March.
More than half of current offer is concentrated in metro station “Kropotkinsky”, Arbat, Lenin and Kutuzov prospectuses.
The greatest volume of elite apartments as well as demand for them is concentrated in budgets of $6 thousand a month (about 75 % of offered objects). Average (on all offered apartments) monthly rent in the end of April has made $5,34 thousand.
At the same time, while signing agreements about a quarter of hiring/rent are ready to reduce originally required prices (the size of possible discount, as a rule, does not exceed 10 %).

During 2008 foreigners have acted in a role of sellers in 3 900 real estate transactions in Estonia. In a role of buyers they took part in 4 900 transactions.
The total cost of the real estate objects, sold by foreigners, has made €140,6 million, bought - €166,1 million. During the last five years foreigners have sold real estate in Estonia for the sum of €715,8 million, and have bought - for the sum of €977,8 million.
Within last five years foreigners acted in a role of sellers of the real estate for 21 200 times, in a role of buyers - for 27 300 times.

Last week Nicolas Sarkozy, President of France, has told about the plans on financing of the grandiose project of transport and social infrastructure reconstruction of Paris.
According to the project, which assumes construction of new line of the underground and other transport networks, and also construction of 70 000 objects of the inhabited real estate in a year.
Works on the project are to be started in 2012 and finished within 10 years. According to Sarkozy, the project, which has received the name “Big Paris” (by analogy to “Big London”), will become a good answer to economic crisis.

New York has been based as trading settlement Dutch East India Company in 1624: Manhattan was then bought at Indians, living on the island. Till 1664 the settlement was called as New Amsterdam, then the colony has passed to British, and the city has received the modern name. Since 1790 it has become already the biggest city of the country.
Gone through much for the history, New York is, certainly, the most popular city of the USA. As though confirming the idea of modern Babylon, New York citizens speak in 170 languages. Perhaps, thanks to mixture of different national cultures many modern trends, such as an abstract expressionism in painting, hip-hop, salsa and disco have appeared.
However, Wall Street and Financial District with their stock exchanges and other financial enterprises and prices for real estate is the main thing on which cities well-being depends. Here indexes, defining health both of New York, and prices for real estate are calculated: NYSE, NASDAQ, AMEX, NYMEX and NYBOT.
The bank capital of the world where enormous oil capitals and money resources from other sources address, necessarily corresponds to the highest standards: New York - is one of the most expensive cities of the world. While all America sustains notable losses in the real estate market, here rise in prices is observed.
We will cite as an example of small, 37 sq. m flat on Manhattan, in the neighborhood with well-known Central Park: in 2003 it cost EU299 070, in 2008 - EU 482 000 (the prices are resulted taking into account a course difference between currencies in 2003 and in 2009).

In connection with release of considerable volumes of the new warehouses in 2008, dynamics of warehouse market development has gradually slowed down. This tendency has amplified under the influence of the general economic recession in the country and design financing reduction.
Decrease in economic activity practically in all branches, begun in second half of 2008, has made clients to revise the plans concerning warehouse areas rent.
Falling of volumes of manufacture and retail goods turnover has caused reduction of demand for warehouse. Unlike trading and office real estate market, warehouse market was the least speculative, that has allowed it to face economic crisis successfully.
In 2008, as well as earlier, termination dates of building of many warehouse complexes were postponed for later period. By the end of year developers finished only high stage of readiness objects, not beginning construction of new ones.
Warehouse real estate development loses its attractiveness because of consumption reduction.
By the end of the first half of the year quantity of the got ground areas, suitable for warehouse complexes development, has decreased, however, interest of developers to purchase of front sites along the basic transport highways round Kiev has remained the same.
Since the last quarter of 2008, readiness of warehouses owners to sign short-term contracts of rent was observed.

Ex-participant of pop group Spice Girls Melanie Janine Brown has decided to sell her private residence in Los Angeles area of Hollywood hills for $2,999 million.
The house has four bedrooms and four bathrooms; the total area of the house makes 323 sq. meters. The house has also hydrochloric pool, spa and three artificial waterfalls.
The singer has not explained why she has decided to sell the house, bought in 2007.