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Property market to be boost by the selling of public debt

"While a survey of the property market reveals global investors' growing appetite for repossessed homes, it also shows that Europe's poorest countries are worst off as they face rising repossessions while investment falls away.

The countries in the eye of the EU's economic storm – Ireland, Spain and Portugal and Italy – have "the highest net balance reading for likely forced selling," the survey conducted by the Royal Institute of Chartered Surveyors (RICS) reads.

In a worsening investment climate this is not good news for the EU's periphery".

euractiv.com

795 thousand euros for a two-bedroom one-and-a-half-bath apartment

Two-bedroom appartment in Germany

"This two-bedroom one-and-a-half-bath apartment is on the second floor of a 1906 manor house on Elbchaussee, an Elbe riverfront thoroughfare known for its regal villas and impressive gardens. The three-story white house is in Othmarschen, a wealthy residential district a 15-minute drive from the city center of Hamburg.

The house has six units, accessed via a grand marble staircase with wrought iron railings. The apartment, with 1,367 square feet of space, has high ceilings, pitch-pine floors, distinctive moldings, numerous windows and three terraces".

nytimes.com

9 million euros for a Malibu House with private beach included

La casa de Brad Pitt en Malibú

Brad Pitt sells his splendid Californian mansion for 9 million euros. Pitt bought the house after his divorce settlement with ex-wife Jennifer Aniston in 2005.

Simplicity can be soulful

“This is all about balancing youthful instincts with the trappings of success,” says architect Lee F. Mindel describing the transformation he oversaw for his clients, a Manhattan real-estate developer and his entrepreneur wife, who would be hosting dinners for their high-powered colleagues and friends. “The greatest form of grandeur for me is spaces that don’t constrict, that give you options.”

Check images at architecturaldigest.com

Will Smith shows his dream house of Malibu

The Smith clan show their luxurious home in Malibu. Jada is currently starring in HawthoRNe on TNT; Will’s next film, due in May 2012, is Men in Black III.

Stephen Samuelson designed an adobe-style residence full of intimate spaces, organic forms and hadcrafted details.

architecturaldigest.com