Own A House - real estate market news

The list of the designers, decided to expand sphere of the activity up to interiors design, has replenished with one more name. Italian House Salvatore Ferragamo has decided to follow the example of Armani, Valentino, Versace and Hermes, engaged in creation of interiors for apartments, helicopters and cars.

Italian luxury goods manufacturer Salvatore Ferragamo will create exclusive design of the penthouses, located in Dubai and the United Arab Emirates. Designer will cooperate with Dubai real estate company Trident International Holdings.

As representatives of the well-known Florentine trade mark have informed, the interior of several magnificent penthouses in tower Pentominium will be created till 2012. The tower, consisting of 120 floors and 120 penthouses (each penthouse will occupy the whole floor) promises to become the highest residential building in the world.

Michele Norsa, chief executive of Salvatore Ferragamo, has noted, Ferragamo’s introduction into the modern real estate world is the important step for brand’s expansion, which opens prospects for the further development.

The tower with designed by Ferragamo apartments will be settle down not far from other project, which is being carried out by Gianfranco Ferre and Galadari Investment Office.

Mirax Group starts cooperation with Sotheby’s International Realty. As it has become known the agreement on partnership with representation of company Sotheby’s International Realty in Florida (USA) has been signed.

The agreement provides marketing promotion and realization of project Aqua by Mirax in Miami among international clients Sotheby’s.

As Mirax Group’s mass-media representatives have explained, the choice of the partner on behalf of Sotheby’s has allowed Mirax Group to get support in the USA market and to expect for the further expansion of the international market. In turn, company Sotheby’s International Realty has got access to exclusive product of corporation Mirax Group and new opportunities on clients attraction.

Senior Vice President of International Relations at SOL Sotheby’s International Realty, Michael Valdes has stressed that their company is considering Mirax projects as an exclusive product, worthy our clients, and project Aqua by Mirax became bright example. He said that he is assured, that expansion of mutual cooperation will allow both companies to raise a level of product, offered to their users.

Executive director of Moscow Exclusive Sotheby’s International Realty has told that the first stage of cooperation of Russian representation Sotheby’s International Realty with corporation Mirax Group became the agreement on realization of the elite inhabited real estate in Moscow. For two months the agency already realized a number of objects of corporation.

Now Sotheby’s International Realty plans to develop a network of regional branches in Russia.

The American economy still cannot recover from August crediting crisis. Real estate and a labor market of the USA became the largest victims of crisis.
However, recently American real estate market has started to show attributes of stabilization: the prices for houses decrease with not so fast rates, and they even grow in some cities, and many experts start talking about fast restoration of the market and the American economy.
It is necessary to note, that during last year the market of habitation became one of the basic problems of the world’s largest economy. Even Federal Reserve System and the Ministry of Finance of the USA recognize that while the market of habitation will not return to norm, restoration of the American economy can’t be expected. Wellesley College’s representatives prove that nobody actually knows when the market of habitation of the USA will reach a bottom. But also it is impossible to tell, that the situation has worsened.
This point of view is confirmed by statistics: value of S&P/Case-Shiller index shows that prices for real estate have started to stabilize gradually.

According to company MagazinuldeCase, in July average cost of apartments in the secondary market of habitation in Bucharest has decreased on 3 % in comparison with the last month and on the whole of 13 % - in comparison with January.
According to MagazinuldeCase’ report, in July the average price of houses in capital of Romania made 113,628 thousand euro. For comparison, in June it was equaled to 116,999 thousand euro, in January - 119,901 thousand euro.
Also the cost of a rent and if in June it reached 616,9 euros a month in July has fallen up to 594,8 euros has decreased. Rent of three-and four-room apartments has fallen in price on 11 % - up to 894 euros.
In total in July in the secondary real estate market about 3,178 thousand apartments has been sold - it is on 3 % less, than in June.

Germans buy offices in Australia

Six German real estate funds are going to buy offices in east part of Australia for the sum of $1 billion.

Funds can already come to the agreement within the nearest weeks. It is supposed to spend for each object from $50 million up to $200 million. Management of German investment company Real IS has come to the decision on purchase of office skyscraper, located in the western part of Sydney. Cost of the transaction is estimated in $104,5 million

Actives of company Real IS in Australia total $500 million

The group of sociologists has come to conclusion, that in Denmark people feel themselves more happily, than in any other country. The most unfortunate people live in Zimbabwe.

The majority of the postSoviet countries have appeared in the end of the list from 97 countries. So, Russia occupies 88th place in the list, and Georgia is on the 89th place - these countries have the same identical negative result-1,01.

Ukraine, Belarus, Moldova and the Armenia are following Georgia, and have settled down in such order directly ahead of Zimbabwe - the country which has appeared on the last, 97th place.

Above Estonia such countries as Rwanda, Pakistan and Ethiopia have settled down. Kirghizia (1,59) and Azerbaijan - 0,13 are the only postSoviet countries with positive rating.

At Denmark the index of happiness has made 4,24. At once for it in the top part of the list Colombia, Iceland and Northern Ireland and Puerto Rico follow. The USA have borrowed 16th place.

Since 1981 global network of sociologists World Values Survey carries out interrogations in the different countries of the world. Within the limits of the present research respondents answered two questions: whether they consider them very happy, happy enough, not so happy or completely not happy and how much they are satisfied with life. In general sociologists have interrogated 350 thousand people.

Italian fashionable house Gianfranco Ferre and company Galadari Investment Office (GIO) will construct in Dubai a magnificent skyscraper for 1,2 billion dollars. The height of skyscraper will make at least 60 floors.

The building will refer to Stresa and will become the inhabited and commercial premises. The termination of construction is expected in last quarter 2011.

Company GIO will borrow in civil work, and also will operate a building after its construction. House Ferre, which founder has suddenly died last years, will incur the responsibility for registration of skyscraper’s interior.

agreement on cooperation between the companies, signed, on June, 25th, the will allow the House to receive profit at least in 23 million dollars, and also to have on 10 % from cost of the real estate sold in a skyscraper.

Ferre mass-media representatives have told that the skyscraper has been named Stresa in honor of city, which the architect Ferre loved so much.

Designer Gianfranco Ferre has died in June of the last year of a hemorrhage in a brain. He has been named “architect” of the Italian fashion not only for its formation, but also for firm suits and blouses in strict, official style.

In the complex “Arch” located in the Hong Kong area Kowloon, the apartment (551 square meters) has been sold for 225 million Hong Kong dollars ($28,8 million).
Thus, the price of one square meter of penthouse with private pool, which is on 80 floor of the complex, has exceeded 400 thousand Hong Kong dollars.
The sum, which was paid for an apartment has broken the previous record, established in November of the last year, when cost of one meter of larger on the sizes of apartments has made nearby 390 thousand Hong Kong dollars.
The inhabited complex “Arch” is beside with under construction office tower International Commerce Centre.

Copenhagen - the capital of Denmark - has been recognized the best city for a life by results of the research, lead by British magazine Monocle.
At selection in attention some parameters - from an opportunity to buy a glass of good wine at 2 a.m. up to quality of architecture and quantity of cinemas were accepted.
Monocle has highly estimated a compact lay-out of the city, convenient transport system, restaurants, and especially interest in environment protection. Last characteristic has also “put” the city on the first place from the second one, which it occupied in last year’s rating.
Copenhagen has also received a rank of “world capital of design”. The rank of business capital of the world has been given to Madrid, and Paris has been recognized the most cosmopolite city.
Berlin managed to get the glory of the most cultural city of the world, and Japanese Fukuoka became the best city for shopping.
It is necessary to note, that Moscow, New York and London have not entered into the twenty of the best cities.

Parents of Russian divine Anna Kournikova have legal proceedings with the star daughter. The reason of dissonance in family relies in private residence in Miami, bought four years ago for $3,5 million.
Alla and Sergey Kournikovy apply for two thirds of house, which Anna shares with her boyfriend singer Enrique Iglesias.
Parents prove that when their daughter has bought this house at coast of Florida, she has promised them there. But, it looks like, Anna is not going to do this.
Rudolf Hovard, Anna’s parents’ lawyer, has noted that the father and mother speak, that being Anna’s manager and the promoter, they have initially divided this real estate into three parts.
According to British edition The Sun, Anna’s parents have decided to restore validity through court, which is to take place in the nearest future.
Anna and her parents have quarreled, when have ceased to work together. It is very sad, but the obstinacy and desire to go in all up to the end is their family feature.