Real Estate

• Tuesday, March 24th 2009 - 05:30 UTC

  Monaco prime property averaged 55.000 Euros per sq. meter in 2008

  

  Monaco has the most expensive prime property in the world, costing an average of 55.000 Euros per square metre in 2008 for the best properties. But the prices for prime properties throughout the world are coming under pressure from the credit crunch, according to the latest Knight Frank Prime International Residential Index.

• Saturday, March 7th 2009 - 07:12 UTC

  Buenos Aires construction industry optimistic about mid term recovery

  

  Following five years of strong growth the construction industry in the Argentine capital Buenos Aires has begun a new cycle. In 2008 the total number of construction permits authorized by local authorities reached 2.5 million square metres which represents a contraction of 20.3% compared to 2007, and anticipates a decline in activity for this year, according to a report from the local consultants Real Estate Report.