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Rio real estate becoming most expensive in the world

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Brazil housing prices rose 13.7% from the fourth quarter of 2011 to Dec. 31, 2012. By comparison, US housing prices rose 7.3% in the same period, putting it at No. 12 in a list of 55 countries ranked by Knight Frank. The only other country in the hemisphere to make it into the top 20 was Colombia, with real estate prices rising 8.3% in 2012.

Abu Dhabi Plaza to be completed in Astana before EXPO-2017

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Construction of the much advertized Abu Dhabi Plaza complex in Astana, Kazakhstan, will be completed by November 2016, BilyaNews reports.

Young Norwegians find tough to buy homes

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Tough new demands for own financial resources and continously rising prices force an increasing number of young people to ask for parental help when they buy their first apartment.

Second sun may shine over Astana

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Astana citizen and inventor Valeriy Kulichenko has suggested to put up an artificial sun above Astana, the capital of Kazakhstan,Express-K writes. The newspaper writes that if the project is implemented the sun may become one of the symbols of the coming EXPO-2017 that will be dedicated to development of alternative energy sources.

Norway's Pension Fund buys properties in the US real estate market

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The Norwegian Pension Fund, or National Oil Fund, as it is also known, has for the first time invested in properties in the US, purchased from the US Pension Fund TIAA-CREF.