Housing prices are a luxury in the heart of the British capital fell in July for the first time in 16 months, due to the sharp increase in the number of offers for sale on the stabilization of real estate market, the report says agencies Knight Frank LLP.

Luxury apartments located in the Trump Place complex in New York City Riverside South

Governor of New York David Paterson signed a law banning rental housing in the Big apple for a term of less than 30 days, which will make tourists stay in hotels.

"DEAL" rating was the most prestigious and expensive hotels United Arab Emirates.

In June, hotel occupancy, average cost of accommodation in rooms and yield per room in the Asia-Pacific region increased on June 2009.

In June, the average value of residential real estate in the country decreased by 0,7% on the previous month.

In July, the price index for residential buildings fell by 0,5% on the previous month.

In the II quarter of 2010 the value of residential property in the secondary market increased from the previous quarter at 1.8%. New buildings have fallen in price on 0,3%.

In the II quarter of the index of construction costs fell by 3,2% compared to the same period last year.

In terms of monthly cost of parking in London has become the most expensive city in the world, occupying the first and second place ranking of cities with the highest cost of parking, compiled by Colliers International.