News Archive: 2009: economics

24, 2009 August:

Summer of discontent

The global financial crisis has cast a dark cloud over Europe's top tourist destinations - France, the world's most popular tourist destination, with 79.3 million visitors last year, has been hit hard by a drop in the number of foreign travellers...

10, 2009 August:

Exclusive rights

The Plage de Pampelonne, the three-mile playground of the celebrities who descend on St Tropez each summer, is about to get even more exclusive...

03, 2009 July:

World tourism forecast

The latest edition of the World Tourism Barometer has revealed that international tourism will decrease between four and six per cent this year in response to the economic downturn and concerns about swine flu - with Europe posting the biggest decline - a fall of ten per cent between January and April this year...

27, 2009 May:

Cash for Continent

Britain's cash-rich investors are heading back to Europe in their droves this spring in a bid to bag a bargain in the Continent's falling property market...

19, 2009 May:

French Riviera values plummet

Experts have stated that the value of some of the über-expensive properties along the French Riviera have significantly dropped to less than a tenth of their value from one year ago, according to an article on Telegraph.co.uk...

13, 2009 May:

Europe hols ‘too pricey'

Britons are being priced out of holidays on the Continent, where average hotel prices have risen by up to 50 per cent in the past year, according to new research...

27, 2009 April:

Tax change for holiday lets

Thousands of UK holiday-home owners with places in Europe stand to lose a range of tax breaks under changes announced in last week's Budget - but, in the short-term, they have been given the chance to apply retrospectively for a tax rebate previously reserved only for owners of UK-based holiday lets...

24, 2009 April:

Continental retail investment down

Retail property investment in continental Europe in the first quarter of the year was down by more than £444 million compared with the last quarter of 2008, research from Jones Lang LaSalle has said...

21, 2009 April:

Luxury debts

Chalva Tchigirinski, the Russian oligarch, has agreed to sell off properties and assets worth in the region of £237 million in order to repay outstanding debts to Sibir Energy...

Bournemouth Riviera

The UK summer is synonymous with a good old fashioned British seaside holiday - but now the resorts of Bournemouth and Poole are moving with the times and will accept the Euro as payment in a bid to attract our continental cousins and increase the number of tourists this summer...

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