Valparaiso is enjoying a property boom, thanks to its sea views, architecture and unique atmosphere.

No wonder manay visitors refer to Valparaiso as the San Francisco of Latin America, not surprisingly Americas are some of the most frequent second home buyers in Val - or Valpo as it is known locally.

Many are retired and spend half their time in the US and half in Chile. enjoying summers in both hemisphere.

Check it out!

Che

Homzz World Property and Real Estate Press ?

Olympic Venues Require Large Tracts of Real Estate

 Commentary :

 �       UK Macro Economic Performance – Contrary to the raft of commentators who had bizarrely predicted a virtual collapse of the UK economic conditions (virtual “stagflation” according to some august city bankers), it would seen based on the premises that, ‘growth simply cannot continue at the same level forever’ and many others extrapolating with their political wishful thinking (instead of sound economic analysis), the UK economy has performed very well across the piece and far from collapsing looks set to surpass trend growth certainly in the next year or so. Employment correspondingly has at worst flattened out and is in fact beginning to increase again. The success within the financial markets (ie as not predicted by the financial markets), are seen by many observers as a key driver in the property demand drag effect, with salary bonuses reaching the heady of the late 1980’s. Though it is likely that a far greater driver is international demand from former Eastern Bloc countries setting up administrative and financial businesses in the UK to access the London financial markets

T Broadbent

UK Rates Low Historically

Personal Comment :

Hence the rampant scepticism and contempt with which many self aggrandising “experts” scorn the policy explanations emanating from central bankers and therein the latter’s decisions are based around. 

Evidently no expert worth his/her salt predicted the latest “shock” 25 basis point increase implemented by the UK central bank today. 

The white noise from the financial reporting community about what a “shock” the quarter point rise represented, implied that they knew nothing about this eventuality, since most predicted rates on hold for at the first quarter of 2007. Yes folks these are the same fools that predicted, a housing market crash in 2006….which by all accounts the world is still awaiting…). 

The shock is that anyone trust the judgements of these people who speak of “black holes”, unreliable figures, poor projections etc when they do not possess all the facts. 

The litany of overpaid smartarses that made grandiose predictions about rates on hold for the near term must have seen their careers flash before their self important eyes…indeed the cries could be heard throughout the City Of London! I

ts all very well slagging off the Politicians and bureaucrats, but at least have an alternative and accurate base of your own. Otherwise the egg on your face will assume gargantuan proportions. Still don’t expect tea and sympathy form the gathered ranks of armchair economists…their predictions were not wrong or ill informed….the Bank’s monetary policy committee is at fault, you know!  

Oh yes there is simmering revenge afoot…you just wait! They’ve [monetary policy committee] all gone mad and so the media pundits spin will go: we were right all along! 

Meantime the land regales in copious New Year mirth whenever we read a headline resembling: City Economist Buys Prime Real Estate With Annual Bonus……[Ed: You’re just jealous, that your stupidity does not pay as well!] 

The UK’s interest rates now stand at 5.25%. Whilst still historically low, this represents quite a wake up call to already overstretched homeowners, though is unlikely to make a dent in the premium real estate market where price elasticity that a small interest rate hike such as this represents.

Atrium Views

Eastern European shopping centre developer Plaza Centre is looking to IPO seeking to raise up �180 m GBP on the main UK Stock Exchange.

The business which is a subsidiary of Elbit Medical Imaging (NASDAQ & Tel Aviv SE listed), is looking to make further investments into developing malls and managed shopping centres in India.

The company has already developed over 20 shopping centres throughout Europe, most of which have been sold on. It also claims to have a ten year track record in development in Eastern Europe and claims to have the first developer to bring Western Style shopping centres to Eastern Europe.

The company intends to offer 85.71m new shares ranging between 155p to 205 each..

Source

Footfalls