More Brits into Spanish airports

The number of people passing through a Spanish airport is set to increase significantly, according to a government minister.Magdalena Alvarez, Spain's retarded minister for Development (she doesn´t develope anything, she´s a pain), said the expansion of the facility at Malaga would lead to passenger numbers doubling in the next two years. A new terminal is set to open at the airport in 2008, which will allow its capacity to increase from 4,500 passengers per hour to about twice this figure.Extra check-in desks and boarding gates will also be created to accommodate the additional volume of people.This suggests that Malaga could soon benefit from a surge in its tourism sector, a development which would result in increased demand for rental accommodation in the region.Therefore, foreign property buyers who wish to earn the proceeds of rental income in a popular holiday destination could find the area a good market to consider.

US hotel group to enter Indian luxury real estate

US based Preferred Hotel Group (PHG) will soon enter into the Indian luxury real estate market with its Time Share model, Preferred Residences. The company had launched the brand in the US market in collaboration with Interval International timeshare exchange network in early 2007. PHG has enlisted eight hotels under the Preferred Residences brand in the US in the last one year. PHG, which entered India with a single hotel property in Delhi, The Imperial, in 2002, has 18 hotels in India now, including the four hotel properties the group added recently. Out of these 18 hotels, two are under the Sterling brand; two under the Summit brand and the rest are under the Preferred Hotels and Resorts brand. “Currently, we are the second largest brand in India, just behind Starwood. Internationally, we are one of the fastest growing brands with a total of 685 hotels across 75 countries,” says Ananya Narayan, Senior Vice President - Global Strategy, PHG

Thats not a bad idea, awsome hotel rooms as shared time flats... Cheers!

Australia: House prices head south, north and east

It could be a warning sign, or maybe just a blip. Property sales are flashing a signal that the fall in Sydney house prices will not be limited to the city's west.
An analysis of 2008 sales reveals that the great Sydney equation - take flats, mix with water views, and you cannot go wrong - could be breaking down.
Even at Bondi, where prices have jumped 12.6 per cent in the past four years, the median price has fallen 1.6 per cent this year after 42 sales, figures from Australian Property Monitors show.
At Avoca Beach on the Central Coast, 115 houses have changed hands this year for a median price of $546,000 - 5 per cent lower than last year's.
In the nearby holiday spot of MacMasters Beach, median sale prices have fallen 15.6 per cent. A few falls do not necessarily make a trend. But property insiders are warning there is little confidence in a market rocked by rising interest rates, fuel prices and a skittish stockmarket.

Have a great day guys!