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13:48:04 03/13/12
Foreigners flock to buy luxury property in Paris
[LESS INFO] 1 VIEWS | ADDED 13:48:04 03/13/12
Foreigners flock to buy luxury property in Paris
www.euronews.com Estate agents in France claim that despite the crisis in the eurozone, sales of luxury properties in Paris are beating all records and selling for record prices too. "In 2011, we realised a 34 percent increase in sales compared to 2010. Brazilians, Russians, buyers from the Middle East, these are the key players who take an interest in these properties," Paulo Fernandes from Sotheby's International Realty, told euronews. In recent months, many other estate agents say they have seen a clamber for luxury property in Paris, which has caused average prices to increase around 17 percent. Half the buyers are foreigners, they say. "Throughout history, real estate has been a safe haven and many foreign customers, who come to invest, see Paris is a safe bet," added Fernandes. After record sales last year, property agents say they hope that 2012 will be just as promising. One apartment with a fantastic view of the iconic Eiffel Tower is on the market for 46 million euros or 60000 euros per square metre. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 79 3 ratings Time: 01:21 More in News & Politics
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13:48:04 03/13/12
Foreigners flock to buy luxury property in Paris
[LESS INFO] 0 VIEWS | ADDED 13:48:04 03/13/12
Foreigners flock to buy luxury property in Paris
www.euronews.com Estate agents in France claim that despite the crisis in the eurozone, sales of luxury properties in Paris are beating all records and selling for record prices too. "In 2011, we realised a 34 percent increase in sales compared to 2010. Brazilians, Russians, buyers from the Middle East, these are the key players who take an interest in these properties," Paulo Fernandes from Sotheby's International Realty, told euronews. In recent months, many other estate agents say they have seen a clamber for luxury property in Paris, which has caused average prices to increase around 17 percent. Half the buyers are foreigners, they say. "Throughout history, real estate has been a safe haven and many foreign customers, who come to invest, see Paris is a safe bet," added Fernandes. After record sales last year, property agents say they hope that 2012 will be just as promising. One apartment with a fantastic view of the iconic Eiffel Tower is on the market for 46 million euros or 60000 euros per square metre. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com From: Euronews Views: 79 3 ratings Time: 01:21 More in News & Politics
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23:26:53 12/07/11
Big Doubts over Chinese Regime's 10M Housing Plan
[LESS INFO] 0 VIEWS | ADDED 23:26:53 12/07/11
Big Doubts over Chinese Regime's 10M Housing Plan
For more news visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ me.lt Chinese authorities say they are ahead of schedule in the construction of ten million units of affordable housing. Yet many in the real-estate industry say the numbers don't add up... and that the quality of the housing may be in question. Chinese state-run media have reported authorities are two months ahead of schedule in starting work on 10-million affordable housing units. Authorities are hoping to offset a slow down in the private real estate market with a 24-billion US dollar investment in subsidized housing. Yet some analysts suspect the figures are unrealistic. The Chairman of Beijing's Huayuan property company, Ren Zhiqiang, compared the recent housing push to the "Great Leap Forward" of the late 1950s. At that time, the Chinese Communist Party pushed for massive increases in steel production, but without effective planning the steel produced was of very low quality, and since the resources had been transferred from agriculture it lead to the "Great Famine" leaving 30-million people dead. There have been reports that certain construction sites have used substandard steel in the construction of these housing units to cut costs and speed up production. This is something Chinese state-media has denied. Political and economic commentator Caoan Jushi agrees there are some similarities with the "Great Leap Forward." [Caoan Jushi, Economic and Political Commentator]: "The ... From: NTDTV Views: 94 3 ratings Time: 02:36 More in News & Politics
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03:49:13 11/18/11
Art Becomes a Growing Market in China
[LESS INFO] 0 VIEWS | ADDED 03:49:13 11/18/11
Art Becomes a Growing Market in China
For more news and videos visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ me.lt China's art market is becoming one of the biggest in the world as the country's growing middle class is pouring money into art as an investment. But worries remain over the large number of counterfeits in the country's art markets. According to the British Art Market Federation, China has become the world's second largest art market after the US, with last year's turnover reaching $8.3 billion. In one of the biggest Chinese art auctions this fall, the five-day sale total reached almost $600 million. The most expensive item at the China Guardian Autumn Auction, selling at 30.6 million USD, was a set of scenery paintings by Chinese artist Qi Baishi. Its value has risen over thirty times from its last bid in 1994. [Kou Qin, Vice President, China Guardian Auction House]: "Although there have been discussions about the recent economic conditions, the important items were still bid at a high price." The recent global economic turmoil has increased Chinese consumers' appetite in art investments. [Kou Qin, Vice President, China Guardian Auction House]: "With the changes in the domestic investment environment, other channels such as real estate and stock market have recently been not that satisfactory. Thus, art becomes a new way to invest, bringing in a large amount of money, raising the prices in the market and enlarging the volume." But with the investment potential ... From: NTDTV Views: 75 4 ratings Time: 01:45 More in Entertainment
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22:22:56 10/19/11
China's Economic Growth Slows
[LESS INFO] 0 VIEWS | ADDED 22:22:56 10/19/11
China's Economic Growth Slows
For more news visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ me.lt China's economic expansion slowed in the third quarter, suggesting the country is not unaffected by Europe's ongoing debt problems. But Chinese officials insist the economy is sound and will maintain its rapid rate of development. Falling exports slowed China's economic expansion in the third quarter to its weakest pace since 2008, with the European debt crisis affecting the world's second biggest economy. The gross domestic product rose 9.1 percent from a year earlier%mdashthat's down from 9.5 percent the previous quarter. The news follows trade data last week that showed exports to Europe shrank by half in August. Analysts said it could mean China is more exposed than expected to a global slowdown driven by the US economy and Europe's debt woes. But Chinese authorities are not likely to ease monetary policy restrictions anytime soon. They insist the economy is sound. [Sheng Laiyun, National Bureau of Statistics Spokesman]: (male, mandarin) "Looking at the momentum of economic growth, in the next phase, the possibility of China's macroeconomic situation maintaining stable and relatively fast development is relatively great." China's economic growth remains heavily weighted towards fixed asset investment, with an annual growth of 24.9 percent. Real estate investment slowed but remains at a pace of 25 percent. The statistics also showed imports grew faster than exports, with a 17 ... From: NTDTV Views: 29 1 ratings Time: 01:33 More in News & Politics
