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Global Update: Could Cuba Become the New Macau?

News from luxury home markets around the world

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Chinese developers are considering the possibility of a new Macau in Havana.

Getty Images.
Chinese developers are considering the possibility of a new Macau in Havana.
Getty Images.

UNITED STATES

Apartment development is returning to Washington, D.C. as job growth has eased the market’s apartment oversupply. [Bloomberg] Lexology offers essential advice for any foreign buyers planning on purchasing a Miami condo. [Lexology]More: Miami Looks East But South is Still King Take a tour of a beautifully restored ornate 50-room mansion on Lake Geneva, Wisconsin. The available property sits on 10 acres and 400 feet of waterfront. [Chicago Real Estate Daily]

EUROPE

The National identifies Hungary as a shrewd choice for property investors looking for bargain buys. [The National] Realty Today looks at the potential consequences for the United Kingdom’s real estate market if buyer confidence begins to drop. [Realty Today]

CARIBBEAN

Could Cuba become the next Macau? Chinese developers are considering the possibility of a luxurious gambling haven adjacent to America’s East Coast. [Investors.com]More: Cuba Calling: An Island Eager for Investment

MIDDLE EAST

World Property Journal dissects the potential future fortunes of the Dubai and Abu Dhabi property markets. [World Property Journal]

AUSTRALIA

Industry experts believe that China’s stock woes could prove beneficial to the Queensland property market as Chinese buyers may find invest abroad a more attractive option. [The Courier Mail]

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