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PROPERTY NEWS
FIRST GLIMPSE OF NEW PRIVATE ISLAND DEVELOPMENT
Early lot prices have been announced for Pearl Island, the private Pacific island just an hour by boat from Panama City. The island’s 30km of unspoilt coastline is being transformed into a luxury development. Prices range from $800,000 to $2m and are between one and two acres in size. For more information visit www.pearlislandliving.com.
LONDON’S RENTAL MARKET BOOM
London’s rental market continues to soar. An average of five tenants compete for every rental property at the moment, says London estate agent Greene & Co. This has had new landlords flooding into the market. Mortgage valuations carried out in August shows an 85 per cent increase in buy-to-let landlords next year.