AUGUST 2010 |
www.opp.org.uk
CONTENTS Contents ON THE RECORD THIS MONTH...
“The leisure industry must fi nd a way to do so much more than host playfulness. It must help in fl ourishing the human spirit. It has to expand its off ering and host ‘enlightenment’ ... our banal lives will become grand and ennobled.” ERIC KUHNE. FOUNDER. CIVICARTS: PAGE 7
“ Despite the economic downturn, prices have not been dropping in Egypt where the majority of projects are still inceasing in value by an average of 10-15% per annum. After a relatively quiet 2009, sales are coming back strongly now.” PETER MITRY. CEO. EGYPT REAL: PAGE 34
INDUSTRY
8 BUYER NEWS AIPP plans a new industry dispute procedure.
10 INDUSTRY NEWS Spain’s banks are badly stifl ing its recovery.
12 DEVELOPER NEWS Trump and de Savary are buying again.
21 MEDIA NEWS Property trio signs up to join Zoopla.
PEOPLE 22 YOUR LETTERS - YOUR VIEWS
24 MOVERS & SHAKERS Savills make a series of key residential appointments across Europe.
28 LEGAL VIEWPOINT: JOHN HOWELL Our legal columnist wonders why so few property companies work together to pool customers and resources when times are hard.
DESTINATION
34 TOP TIPS FROM THE EGYPTIAN EXPERTS OPP has grilled a panel of Egyptian property leaders to fi nd out what the market is like today.
THE EGYPTIAN & FRACTIONAL REPORTS (Pages 33-43)
There is a genuine sense of excitement about both of our themes this month. Are they ideas whose time has come? A panel of experts gives you the inside track on Egypt (pages 34 to 36) and UBS provides the real facts and fi gures (page 41.) Kevin Macadam looks into Egyptian mortgages (page 43) and George Sell previews the forthcoming US Fractional Summit (page 49.) The OPP Executive Panel give a high-level insights on the future of fractional (page 44) and the EU gets tough with the crooks who could ruin it all. (page 47.)
FRACTIONAL REPORT MARKET SNAPSHOT: PANAMA
41 EGYPTIAN ECONOMIC OUTLOOK UBS gives OPP a detailed guide to the country’s current economic performance and outlook.
43 EGYPTIAN MORTGAGE REPORT The situation is easing for buyers needing fi nance.
BUSINESS
26 US VIEWPOINT - NAR MONTHLY REPORT In its regular monthly column, the National Association of Realtors takes a look at who is buying into the American property sector and which countries they come from.
27 MORTGAGE DATA ANALYSIS REPORT OPP has joined forces with Overseas Mortgage Finder and Moneycorp to bring you all the latest facts and fi gures on the lending sector.
DEVELOPER
44 | The OPP Executive Panel leads a new study into what the fractional future looks like in Europe.
EDITOR’S CHOICE: KURT FRASER INTERVIEW
30 | Our fact-fi le reveals all, including how Panama plans to become a fi rst-choice retirement destination.
NEXT MONTH: OPPLIVE 2010 MARKETING & MEDIA
50 SOCIAL MEDIA: MARKETING TO TWEEPLE Has your company considered how it should go about marketing to all those “tweeple” out there. The twitter character count might be short, but the business advantages can be very far-reaching.
61 | Fraser talks throughwhat he sees as the real issues facing the international hotel and hospitality sector .
SEPT | A detailed preview of the Property Investor Show and OPPLive conference due to take place Oct 14 to 16.
53 THE POWER OF HOTEL BRANDING A new report from international lawyers Proskauer Rose looks at the pros and cons of associating your overseas property development with a hotel brand.
30 MARKET SNAPSHOT - PANAMA From the booming condominium towers of Panama City to its tropical ocean beaches, Panama is a fascinating property destination. OPP gives you all the facts and fi gures.
61 THE OPP INTERVIEW: KURT FRASER What has driven this dynamic Canadian to the top of the hospitality market and what is he planning to do next at Porto Montenegro? Rupert Bates reports.
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MEDIA
DEVELOPER
BUSINESS DESTINATION
PEOPLE
INDUSTRY
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