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HOUSING WORLD Magazine

Europe / Europa (English - Spanish)

French house prices rebound! Econom铆as de Francia y Alemania salen de la recesi贸n

Supplement - Suplemento Cape verde Design & Decoration Oth Sombath

The Luxury Restaurant with Beautiful Thailand Style

September 2009


Les Marches du soleil

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In This Issue / En esta Edicion

04 Travel - Carcassonne, una ciudad medieval 05 Carcassonne, medieval city 06 Hambury Palace 07 News - Economias de Francia y Alemania salen de la recesion 08 French house price rebound 12 Supplement/Suplemento - Cape Verde 13 Cape Verde 18 News - Income tax in cape verde is moderate 19 Dunas Beach Resort 22 Design & Decoration - Oth Sombath

On the Cover. Published by Housing World C.A

Contact us: Phone: +58 243 246.7185 Email: info@housingworld.net 03 / www.housingworld.net


Travel Carcassonne, una ciudad medieval

A unos 90 kilómetros de Toulouse en Francia, muy cerca de la frontera española próxima a Barcelona, se encuentra la ciudad fortificada más grande de Europa, Carcassonne. Erigida sobre una colina, sus murallas recorren casi 3 kilómetros de longitud, y las excavaciones revelan que esta ciudad estuvo poblada desde el siglo VI antes de Cristo hasta que fue invadida por los romanos, galos y visigodos entre otros, por lo que la ciudad en cada invasión sufrió muchas modificaciones. Al ingresar a la fabulosa Carcassonne, con sus 26 torres y sus dos murallas que alcanzan aproximadamente 3 kilómetros, es como un mágico viaje al pasado, a una época medieval de castillos, princesas y príncipes azules. Sus murallas, torreones y atalayas, así como sus construcciones internan, trasladan al turista, siglos atrás en la historia. Las edificaciones más importantes de la ciudad antigua son el castillo, la catedral de San Miguel o la catedral de San Nazario. Una ciudad sencillamente hermosa. La puerta de Narbona es la entrada principal, con un puente levadizo sobre un profundo foso. Al ingresar, los antiguos mercaderes fueron sustituidos por numerosas tiendas de recuerdos, y lo que fueron las posadas de viajeros y transeúntes nocturnos, han sido sustituidas por bares y restaurantes, repletos a cualquier hora, y donde se degusta como plato típico de la zona: la cassoulette. La plaza Marcou sin embargo, sigue siendo el punto de encuentro, pero esta vez de turistas y no de pueblerinos. La Cross-Mayrevielle, es la calle principal de la ciudad y esta calle conduce directamente a un enorme cuadrilátero con entrada de pago, el castillo Comtal. Por otro lado la basílica de Saint Nazaire, se destaca por sus agujas y sus gárgolas, y una vez en el interior por sus rosetones. Muchos destacan que lo mejor de todo, es el paseo de la ciudad, hasta la Cité, cruzando el puente Neuf, y contemplando el río, su ribera y la imagen de la ciudadela al final. Un consejo, si lo que estás buscando es algo de paz, en este viaje místico al pasado, lo mejor que puedes hacer es dar un paseo fuera de las murallas en los caminos exteriores, contemplar los campos y la nueva ciudad edificada a los pies de la antigua ciudad medieval. 04 / Housing World / September 2009


Carcassonne, medieval city Approximately 90 km from Toulouse in France, near the Spanish border near Barcelona, is the largest fortified city in Europe, Carcassonne. Built on a hill, its walls runs nearly 3 miles long, and excavations show that this city was inhabited from the sixth century BC until it was invaded by the Romans, Gauls and Visigoths among others, so the city every invasion underwent many changes. Upon entering the fabulous Carcassonne, with its 26 towers and two walls that reach about 3 kilometers, is like a magical journey to the past, to medieval castles, princesses and Prince Charming. Its walls, turrets and watchtowers, and their internal construction, moving to the tourist, centuries back in history. The most important buildings of the old city are the Castle, the Cathedral of St. Michael's Cathedral or Saint-Nazaire. A city simply beautiful. The Narbonne Gate is the main entrance with a drawbridge over a deep moat. Upon admission, the former merchants were replaced by souvenir shops, and what were the inns of passengers and pedestrians at night, have been replaced by bars and restaurants, crowded at any time, and where the dish tasted as typical of the area: the cassoulette. The square Marcou however, remains the meeting point, but this time not from tourists and villagers. The Cross-Mayrevielle, is the main street of the city and this street leads directly into a huge ring with payment gateway, the castle Comtal. On the other hand the Basilica of Saint Nazaire, is distinguished by its needles and its gargoyles, and once inside by their rosettes. Many point out that the best thing is the walk from the city to the CitĂŠ, crossing the Neuf bridge, and watching the river, its banks and the image of the citadel at the end. A tip, if you're looking for some peace in this mystical journey to the past, the best you can do is take a walk outside the walls on the roads outside, enjoying the countryside and the new city built at the foot of the old medieval city. Fuente: viajesmag.com

05 / www.housingworld.net


Hambury Palace

for more information click here 06 / Housing World / August 2009


News News

Economías de Francia y Alemania salen de la recesión

Francia y Alemania, anunciaron este jueves que salieron de la recesión económica que los afecta desde hace un año. Ambos países crecieron un 0,3% entre abril y junio, luego de que Alemania reportara una disminución del 3,5% y Francia una contracción del 1,3% durante el primer trimestre. La economía de los 16 países de la zona euro se contrajo sólo un 0,1%, tras la caída récord de 2,5% que se reportó en los primeros cuatro meses del 2009. Este dato podría dar señas de una recuperación económica regional, según informó la Unión Europea. Sin embargo, los expertos piden cautela y advirtieron que todavía falta tiempo para que se hablar de un crecimiento fuerte en la producción y el empleo. La recesión económica se define como dos o más trimestres consecutivos de contracción del producto interno bruto (PIB), el pronóstico para ambas naciones era del 0,3%, dato que revertieron positivamente. Economistas opinan que el crecimiento registrado se debe en buena medida a los planes de estímulo fiscal que fortalecieron el consumo. En una entrevista con BBC Mundo el analista de Global Equities en París, Marc Touati dijo que "es una buena noticia que confirma que no estamos en 1929, que no es la Gran Depresión". Por su parte la ministra francesa de Economía dijo, "luego de cuatro trimestres negativos, Francia está saliendo finalmente del rojo". Touati, afirmó "tenemos que ser muy cautos con estas cifras porque hay muchos peligros para la recuperación en Francia, Alemania y en la zona euro", agregó que existen posibles trabas para el crecimiento sostenido como el fin de los planes para incentivar el gasto en Europa, un posible aumento de las tasas de interés del Banco Central Europeo, y el aumento del precio del petróleo. ElReino Unido, lleva cinco trimestres consecutivos de contracción y se espera que continue así hasta principios del 2010. Mientras, Grecia y Portugal crecieron el 0,3% en el segundo trimestre, las economías austriacas y belgas decrecieron un 0,4%, Italia un 0,5% y Holanda un 0,9%. Los últimos datos en Estados Unidos muestran un leve recuperación económica; el panorama para América Latina según el analista de Poalim Asset Managements, Peter West, afirma que "América Latina atravesó la crisis global de una manera bastante buena, debido a las políticas implementadas en años previos que le permitieron reducir la vulnerabilidad a los shocks externos". El experto afirma que países como Brasil, Perú, Panamá, Chile y Uruguay, no han sufrido de lleno la recesión, mientras que naciones como Venezuela y Argentina, tardarán más en ver signos de mejoría. Por su parte el Banco Mundial, dijo, que la crisis económica global provocará que el PIB de la región se contraiga un 0,7%. Además se prevee una caída en las remesas del 11%, según el Banco Interamericano de Desarrollo (BID). Fuente: Capitales.com 13 de Agosto, 2009 07 / www.housingworld.net


News News

French house prices rebound!

House prices in France rose 3.9% q-o-q in Q2 2009, after several quarters of price falls, according to the National Association of Real Estate Agents in France (FNAIM). France’s economic recovery has surprised market players and government officials, and is attributable to a fiscal boost, and to automatic stabilisers such as welfare support. When adjusted for inflation, the average house price rose by 2.97% over the same period. These quarterly price increases are the highest since Q2 2004. Compared to a year earlier, average price of all dwellings was 6.6% down in nominal terms, and 6.4% down in real terms. Most apartments or collective housing are located in urban areas. The relatively stronger performance of apartments seems likely to reflect the leading role of Paris: • The average price of apartments (appartements) rose by 4.2% (3.6% in real terms) q-o-q to €2,972 per sq. m. in Q2 2009, after three consecutive quarterly price falls. • The average price of detached houses (maisons) rose by 3.6% (3% in real terms) q-o-q to €2,055 per sq. m. in Q2 2009, after six quarters of price declines. Low interest rates boosted house prices from 2001 to 2006. As price increases peaked in 2004. When interest rates rose and lending conditions tightened, house price appreciation grounded to a halt in 2007. France’s economy grew by only 0.3% in 2008, formally entering recession in Q3 2008. GDP was expected to contract by 3.3% in 2009. However GDP rose unexpectedly by a surprising 0.3% in Q2 2009, making France one of the first countries out of recession in Europe and the OECD. France’s housing market is relatively less prone to sharp upturns and downturns due to its heavy reliance on fixedrate mortgages. With interest rates back to their pre-crisis levels, modest house price increases are now expected. 08 / Housing World / September 2009


A beautifully stable mortgage market

The structure of the French mortgage market contributes to the economy’s overall stability. Over 80% of all owner-occupied dwellings are mortgaged. More than 80% of housing loans are fixed-rate mortgages. Around 85% to 90% of new housing loans have an initial rate of fixation of more than one year. The reliance on fixed rate loans, combined with prudent lending behaviour, has greatly helped foster stability, a feature that Anglo-Saxon economies might do well to learn from. France’s mortgage market is the third largest in the EU, after UK and Germany.

Total outstanding housing loans rose by an average of 14% annually from 2004 to 2007. Despite the financial meltdown in 2008, the mortgage market grew by 8.7% in 2009 to €710 billion, up from €305 billion in 2000. During the past eight years mortgage lending has risen enormously, from 21% of GDP in 2000, to 37.5% of GDP in 2008. While mortgage markets in many countries are at a standstill, France’s mortgage market continues to grow, albeit at a slower pace. New housing loans worth €86.8 billion were made during the year to end-Q2 2009, down from €132.6 billion during the year to end-Q2 2008. Foreign buyers of second homes in France can still get “100% LTV euro loans, fixed at 4% (capped at +1/-1) for 25 years,” according to John Luke Busby of Athena Mortgages. Interest rates for new housing loans eased after the European Central Bank (ECB) started to reduce key rates in September 2008. The average rate on new housing loans with initial rate of fixation (IRF) of more than a year moved down to 4.33% in June 2009, from 5.19% in December 2008, while interest rate for loans with IRF of one year or less fell to 3.9%, from 5.38%, over the same period.

Mortgage interest rates down!

Many, many housing subsidies Government subsidies are one reason for the resilience of France’s housing market. Housing subsidies amounted to €34 billion, or 2% of GDP, in 2008. About 40% of new housing in France receives some sort of subsidy. From January to December 2009 the government boosted the housing market by expanding the coverage of subsidized zero-interest loans (the prêt à taux zero - PTZ loans). The amount of credit available is based upon the location of the house, number of family members and the length of loan maturity. For instance, to qualify for a loan in “Zone A” areas, which includes major urban areas like Paris, individuals must have an income of less than €31,250. Households with 5 family members or more must have a combined income of €64,875 or less. On new home purchases, the amount of PTZ credit granted is the smaller of the following two: 09 / www.housingworld.net


• 40% of the transaction amount in deprived urban areas or in urban zones, or 30% of transaction amount in other areas (up from 20%), or • Or 100% of other loans (over 2 years) funding the same purchase. PTZ loans can be combined with a special housing loan that enables modest-income households to buy their own home (prêt à l’ accession sociale – PAS loans). Households entitled to these loans should not have an income exceeding a certain limit, and the building cost must not exceed a certain threshold. Recipients of PAS loans benefit from lower interest rates and a housing grant to cover part of the monthly payment. The government also runs a home ownership savings system, available to all, providing tax relief on interest earned in its special accounts. The government also provides a grant for households taking out loans to buy property.

Rental market squeezed

Initial rents are freely determined in France, but can be revised only once a year and not more than the (new) INSEE rental index. In certain periods, the allowable rent increase has been below inflation. The increases tend to not reflect changes in market conditions, especially in high demand areas such as Paris and other major cities. From 2000 to 2008, apartment prices in Paris rose by 126% while the rent index rose by a mere 28% over the same period. This has led to relatively low yields. In July 2009, rental yields in central Paris ranged from 3.6% to 5.3%, according to the Global Property Guide. Smaller units earn higher yields.

Tenants in France have security of tenure: • Unfurnished rental contracts have a minimum of three years term (if the proprietor is a person) or six years (if the proprietor is a company or society). • Furnished tenancies have one year security. Either way, the landlord can recover the property only if he intends to sell the property or live in it. Luckily, two-thirds of tenants occupy their dwellings for less than four years. The private rental market comprises about 21% of the housing stock while 17% belongs to the social rental market. There is also a relatively large “other” category at 6%, including work-related residences. The social housing sector has a serious impact on the private rental market, especially as social sector rents declined from 1999 to 2001. The owner-occupancy rate has slightly risen, from about 54% in 1996 to about 56% in 2002. Foreign buyers During the recent house price boom, there was a strong presence of foreign buyers in France’s South East. According to the February 2008 property market review of Notaires de France and FNAIM, 64% of the buyers in Saint-Jean-Cap-Ferrat (Alpes Maritime) were from abroad, 46% in Ramatuelle (Var), 55% in Ville Franche-sur-Mer (Alpes Maritime), 58% in Chamonix (Haute-Savoie), 33% in Val-d’ Isère (Savoie), and 55% in Gets (Haute Savoie). Outside the South East, around 20% of sales in the Dordogne and Creuse were to foreign buyers, 15% in the Gers and Charente, and 10% in many of the other areas of the West and South West. 10 / Housing World / September 2009


Despite the recession in the UK, the British are still the largest buyers of French property, accounting for around 50% of all foreign buyers (down from 60%), according to data from Perval 2009 Notaires statistics. Rebound disguises France’s structural problems Economic growth and house price increases in France tend to move together, but at significantly different paces. For instance, when house prices rose by an average of 7% annually from 2001 to 2007, the economy expanded by a mere 1.8% annually. In 2008, France’s GDP grew by 0.7%, while house prices fell by an average of 3%. However house price rises are actually more strongly correlated with wage movements. Due to France’s ad herence to its own brand of socialism from 2001 to 2007 private sector wages rose faster than GDP (wages rose by an average of 3.1% p.a.). The downside is that the strength of French unions and lack of labour market flexibility has affected France’s competitiveness. France’s generous unemployment benefits have led to a structurally high unemployment rate, at 7.8% in 2008, through this is the lowest in more than two decades. Despite the economic rebound, the unemployment rate is expected to exceed 10% by the end of 2009. Increases in social security spending are straining the government budget, already burdened by the fiscal expansion in late 2008. The deficit of the main social security scheme is expected to double to €20.1 billion by end-2009, and rise further in 2010. The budget deficit as a percent of GDP is expected to rise to around 8% in 2009, and 9% in 2010, up from 3.4% in 2008. Given these constraints, it is clear that it would help if the French housing market was weaned off government subsidies. Fuente Global Property Guide

11 / www.housingworld.net


HOUSING WORLD Magazine

Supplement - Suplemento Cape Verde (English - Spanish)

DUNAS BEACH RESORT

Sal Island – Cape Verde

Income tax in Cape Verde is moderate

Septembre 2009


CAPE VERDE Anclado en el Océano Atlántico frente a la costa de África se encuentra Cabo Verde un archipiélago formado por 10 islas y 8 islotes. Las islas se dividen en dos grupos las de Barlovento al norte (Santo Antao, Sao Vicente, Santa Luzia-deshabitada, Sao Nicolau, Sal y Boavista) y las de Sotavento al sur (Santiago, Fogo, Maio y Brava). Con un gran atractivo turístico por sus 965 km de costa la convierten en punto de mira tanto de desarrolladores como de inversionistas que ven en esta una muy buena opción de inversión gracias a sus políticas que benefician la inversión extranjera, así como su clima subtropical templado y seco con una temperatura media actual de 25° y dos estaciones la seca de octubre a julio y la húmeda de agosto a septiembre. Cubriendo las islas que componen el archipiélago encontramos una gran variedad de actividades turísticas como turismo de playa para los amantes del surf los deportes acuáticos como la vela, windsurf o kitesurf encuentran un lugar perfecto en las islas de Sal, Boavista, Maio, Santiago y Sao Vicente. La pesca deportiva que puede ser practicada sobre todo en Sal, Sao Vicente, Sao Nicolau y Boavista. Cabo Verde es considerado una de las 3 mejores localidades del planeta para los deportistas de la caña y el anzuelo y la pesca del pez espada azul del Atlántico, donde en promedio cada pez pesa entre 90 y 150 Kg y está debidamente certificada por las autoridades para la captura. Innumerables especies permanentes de peces pueden ser vistas en diferentes épocas del año, así como especies migratorias. Un gran número de crustáceos entre ellas una especie endémica de Cabo Verde conocida como Lagosta Rosa. Turismo de naturaleza con actividades de caminatas, escaladas, marchas a caballo, observación ecológica de flora y fauna, las islas de Santiago, Santo Antao, Fogo y Sao Nicolau por su morfología montañosa y escarpada, presentan las mejores condiciones para la práctica de este tipo de turismo. Otras actividades como turismo cultural para estar en contacto con los hábitos, costumbres, tradiciones, música, gastronomía entre otros de Cabo Verde así como cruceros, golf, hipismo, motorizados, bicicleta de montaña, tenis y una gran variedad de actividades que quedan a la creatividad y el entusiasmo del turista. De aquí que una de las operaciones importantes de inversión se lleven a cabo en este sector, como la efectuada recientemente por la cadena Hilton Hotels Corporation en la Isla de Sal al igual que importantes cadenas españolas planean la inversión en el sector especialmente en la construcción de hoteles, villas y apartamentos en las Islas de Sal y Boavista. Por todo lo anterior Cabo Verde se esta convirtiendo en un mercado para el inversionista que ve en el archipiélago grandes oportunidades como destino de vacaciones en permanente crecimiento e inversión, por su estabilidad económica, política y social, se ha convertido en el atractivo para los desarrolladores europeos especialmente españoles que ven en este mercado la vía de inversión ante la situación actual. El desarrollo de proyectos de alta calidad en ubicaciones privilegiadas que están encaminadas a un crecimiento sustancial en el valor y un alto rendimiento de la inversión. 13 / www.housingworld.net


Hay vuelos directos a Cabo Verde, Aeropuerto Internacional de Sal, de Manchester y Gatwick, hay conexión desde Belfast, Dublin, Edimburgo, Glasgow y las Islas del Canal asi como desde Madrid, Lisboa y otros lugares. Esta proximidad de Europa la convierten en una de las principales atracciones. En cuanto a los beneficios fiscales que ofrece a la inversión extranjera para integrarse a la economía mundial y el logro del desarrollo en el sector privado como punto clave para el crecimiento del país, se tienen como impuestos que gravan a la misma los siguientes: • Impuestos Sobre La renta (IUR – Imposto Único sobre o Rendimiento) 20% no residentes • Ingreso por alquiler 20% no residentes • Ganancias de Capital 20% no residentes • Impuesto de sucesiones 3% • Impuesto a la propiedad (IUP – Imposto Único sobre Patrimonio) 3% del valor de la propiedad. Para las inversiones extranjeras el gobierno de cabo verde a través de la Ley garantiza la no discriminación del extranjero brindando un trato justo de seguridad y de protección de los bienes. Cabo Verde es en la actualidad un excelente destino turístico para los amantes de la naturaleza sin dejar a un lado las comodidades citadinas a la vez del disfrute de los beneficios que trae al inversionista. http://www.portugalcaboverde.com

14 / Housing World / September 2009


Anchored in the Atlantic Ocean front to the coast of Africa is find Cape Verde a archipelago formed for 10 islands and 8 islets. The islands is divided into two group north those of Barlovento (Santo Antao, Sao Vicente, Santa Luzia – deshabitada, Sao Nicolau, Sal y Boavista) and south those of Sotavento (Santiago, Fogo, Maio y Brava). With a large attractive tourist in their 965 km of coastline become in point of looks both developers as investors who see in this a very good option through their policies that benefit the foreign investments, as well as its subtropical climate warm and dry with an average temperature of 25 and two dry seasons from October to July and wet of August to September. Covering the islands that making up the archipelago we find a great variety of activities as tourism beach for lovers surf and aquatic sports such as sailing, windsurfing or kitesurfing find a perfect place in the islands of Sal, Boavista, Maio, Santiago and Sao Vicente. The sport fishing that can be practice specially in the Sal, Sao Vicente, Sao Nicolau and Boavista. Cape Verde is considered one of the three bests location of planet for the sports of the cane and hook and the fishing of swordfish of Atlantic, where in average each weighs between 90 and 150 kg and is duly certified by the authority for capture. Countless species of fish permanent can be seen in different epochs of year, well as migratory species. A great number of crustaceans including a specie endemic of Cape Verde best known as Lagosta Rosa. Tourism of nature with activities of walks, climbing, horse riding, ecological observation of flora and fauna, the islands of Santiago, Santo Antao, Fogo y Sao Nicolau by their morphology and steep mountain, present the best condition for the practice of this type of tourism. Other activities as tourism cultural for to be in touch with the habits, customs, traditions, music, food among other of Cape Verde are cruises, golf, equestrian, motor, bike mountain, tennis and a great variety of activities that remai


ning to creativity and enthusiasm of tourist. There one of the important operations of invest takes place in this sector, the recently completed the Hilton Hotels Corporation in the Island of Sal, as important Spanish Hotel chains plan their investment in the sector specially in the construction of hotels, villas and apartments in the islands of Sal and Boavista. Because all this Cape Verde is becoming a market for the investor who sees in the archipelago greats opportunities as destination of holidays in permanent growth and for investment, for their economy stability, politic and social, has become attractive to European developers specially Spanish that see in this market the via of investment to the situation actual. Developers of projects of high quality in locations privileged that is aimed at a growth substancial in the value and a high yield of the invest. With flights direct to Cape Verde, International Airport of Sal,from Manchester and Gatwick, and other connection from Belfast, Dublin, Edimburgo, Glasgow and the Canal Islands as well from Madrid, Lisboa and others places. This proximity to Europe makes it one of the main attractions. Regarding the tax benefits that offer to investment foreign for integrated to economic world and achievement of development in the sector private as key point for the growth of country, is has as taxes that taxed to it the following: • Income Tax (IUR - Imposto Único sobre o Rendimiento) 20% no residence. • Rental Income 20% no residences final withholding tax. • Capital Gains Tax 20% no residence. • Inheritance Tax 3% • Property Tax (IUP – Imposto Único sobre Patrimonio) 3% of property value. For the investments foreign the government of Cape Verde through the law guarantees no discrimination of foreign providing a fair treatment of security and protection of the properties. Cape Verde is actually a excellent destiny tourist for lovers of the nature without neglecting the amenities of city and benefits for the investors. http://www.portugalcaboverde.com

16 / Housing World / September 2009


News News Income tax in Cape Verde is moderate INDIVIDUAL TAXATION Non-resident individuals are liable to pay tax on income from sources in Cape Verde. Although the tax law is uncertain as to whether worldwide or territorial principle applies in the islands, the tax authorities state that Cape Verde follows the territoriality principle. Currently, there is a single income tax levied at state level. A reform is scheduled for 2009 splitting this single income tax into two separate income taxes (one for companies and another for individuals). INCOME TAX (imposto único sobre os rendimentos) Non-residents are generally taxed at a flat rate of 20%. RENTAL INCOME Rental income earned by non-residents is subject to 20% final withholding tax. CAPITAL GAINS Capital gains derived from selling property connected with a business are subject to capital gains tax. In calculating the taxable capital gains, acquisition costs and incidental costs as well as improvement costs are deductible. Only 50% of the resulting capital gains are subject to tax, levied at 20% for non-residents. PROPERTY TAX Property Tax (imposto único sobre o património) This tax is levied on the property value at a flat rate of 3%. Fuente: global property guide

18 / Housing World / September 2009


DUNAS BEACH RESORT Sal Island – Cape Verde Set in beautiful landscaped grounds, but less than twenty minutes from Sal’s international airport, Dunas Beach Resort is a premium development of high-specification new villas and apartments. With a breathtaking beachfront location on the beautiful white sands of Ponta Preta beach, and close to the little town of Santa Maria, Dunas is perfectly positioned to capitalise on Cape Verde’s fast-rising popularity and prominence. Dunas Beach Resort is being built with the closest attention to detail, from the design of the individual properties to their elegant surroundings. Its 147,000 m² plot, with a low occupancy density of only 20%, is made up of around 695 luxury properties. These include thirteen luxury front-line single-storey five bedroom detached villas - each with its own private swimming pool - and 54 luxury two-storey three bedroom detached villas. There are also 628 deluxe apartments with a choice of one, two and three bedrooms, and communal pools and relaxation areas.

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All the properties within Dunas are set among beautifully landscaped spaces, pool areas and secluded walkways. Select amenities include a luxury five star hotel with facilities for all villas and apartments, two hotel restaurants, an additional poolside restaurant, an elegant wine bar and piano bar, two poolside bars, courtesy and lounge areas, luxury spa and gymnasium, tennis courts and a variety of shops. A neighbouring golfing facility will complete this part of Sal's superb range of tourist resources. Set to become one of the fastest-selling Sal Island developments to date, Dunas is an outstanding investment opportunity for rental or resale buyers, as well as those looking to buy a holiday home. Dunas features and benefits: • Stunning beach-front location • Low density (only 20%) • 13 luxury front-line single storey 5 bed detached villas • 54 luxury two storey 3 bed detached villas with private pools • 628 beautiful apartments (mixture of one, two and three bed) • Communal pools and relaxation areas • Landscaped gardens • Luxury 5-Star Hotel • Apart-Hotel facilities for all villas and apartments (including rental option) • Two restaurants in the hotel • 2 Additional poolside restaurants (1 serving hotel - 1 serving apartments) • Elegant Wine Bar and Piano Bar • Two poolside bars (1 serving hotel - 1 serving apartments) • Luxury Spa and state of the art Gymnasium • Tennis Courts 20 / Housing World / September 2009


A menos de 20 minutos del aeropuerto internacional de Sal, Dunas Beach Resort es un desarrollo premiun de alta calidad compuesto por Villas y Apartamentos. Con una impresionante ubicación en las bellas arenas blancas de la playa de Ponta Preta y cerca del pequeño pueblo de Santa Maria, Dunas esta perfectamente posicionado en Cabo Verde. Dunas Beach Resort se esta construyendo con la máxima atención al detalle, desde el diseño de las propiedades individuales a sus elegantes alrededores. Sus 147,000 m2 de parcela, con una baja densidad de ocupación de solo 20%, se compone alrededor de 695 propiedades de lujo. Estos incluyen 13 villas individuales de una sola planta, cinco dormitorios cada una con su propia piscina privada, 54 villas de dos plantas de tres dormitorios. 628 apartamentos de lujo de una, dos y tres habitaciones, piscina y zonas de relajación. Dunas cuenta además con las siguientes características y beneficios: • Jardines • Hotel de lujo de 5 estrellas • Apart-hotel para las instalaciones de las villas y apartamentos (incluida la opción de alquiler) • 2 restaurantes en el hotel. Servicio para el hotel y apartamentos • Elegante Bar de vinos y piano bar • 2 bares en la piscina. Servicio para el hotel y apartamentos • Spa de lujo y gimnasio. • Canchas de tenis. Dunas es una excelente oportunidad de inversión para el alquiler así como para aquellos que buscan comprar una propiedad de vacaciones.

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Design Design & & Decoration Decoration Oth Sombath

The Luxury Restaurant with Beautiful Thailand Style An Exciting restaurant design located in the middle of Paris designed by Jouin Manku & Patrick Jouin. This restaurant was built on the 400m2 areas and can be accommodate for up to 80 diners. This restaurant design concept is how translated the universe of Thailand into the Parisian context, the designer studied the tradition and culture for colors, rhythms, volumes, light while simultaneously looking to create a fully contemporary gastronomic experience. The interior decorate using stunning element such as smooth lines and sleek curves, something sensual and exotic, something that feels like the delicate blend of all these rich influences embodied in one place.

Each room at this restaurant was designed with a unique atmosphere to enjoy the Oth’s luxury flavors, one in scintillating gold, one in bold orange, and one in soft creams. Oth Sombath is the perfect place to see the Europe luxury restaurant design with strong Thailand taste, both of the interior, color combination, decorating element and off course the food. Fuente: momoy.com

22 / Housing World / September 2009


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Housing World Magazine Europe Sep. 09  

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