06 | WORLD ROUND-UP
NEWS
Welcome to OPP’s news round-up, providing you with a snapshot of the main talking points in the international residential property industry this month. For more details on these stories and the latest news, visit the
www.opp-connect.com news archive.
9. UK
Plans for ‘fl oating village’ City mayor Boris Johnson unveiled the proposals for ‘a town on stilts’ at the MIPIM property conference in France and launched an international compe- tition to find developers and partners to design and deliver the scheme. The idea is to transform 220 acres of
water capable for development at the Royal Victoria Dock site into a thriv- ing community with floating homes, hotels, restaurants and bars.
3 - AMERICA
Home prices “to rise 22%” Home prices in America will rise 22% on average during the next fi ve years, it has been predicted. Prices during 2013 are set to rise 4.6% on average, according to the fi rst quarter Zillow Home Price Expectations Survey. The survey also predicts that home values will rise another 4.2% on average in 2014, beating the 3.6% aver- age during the pre-housing bubble.
7 - DOMINICAN REPUBLIC
More Asian investors The Dominican Republic is seeing rising tourism boosted by aggressive market- ing to China, says UK-based investment company Property Horizons. Director Robert Gavin tells OPP
Connect, “We are fi nding interest re- ally being spread fi fty-fi fty across the western countries such as UK, as well as the more affl uent clientele in Asian countries.”
5 - ALBANIA Property for citizenship law
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A proposed new property citizenship law in Albania is likely to significantly boost overseas interest and invest- ment, says a market expert. Albania is currently drafting legisla-
tion granting citizenship to anyone who invests $200,000 in the country. Peter Walshe, Marketing Director
at Lalzit Bay Resort and Spa, tells OPP, “When will the property law be rati- fied? It could happen this year!”
www.opp-connect.com | APRIL 2013 The OPP top ten
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