After a year of malaise, the Russian property market rebounded with positive rents and capital values in the first quarter of 2010, according to the RICS Global Property Survey published today. At the same time, rental declines are easing in UK, France and Germany. However, there is little relief yet on this front in Greece, Ireland, Spain, Hungary and Turkey.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
