Portugal, the western-most country in Europe, offers many investment and real estate opportunities for families and tycoons alike. Its Mediterranean climate attracts tourists to its secluded sandy beaches, while its diverse geography brings sight seers from afar. Portugal is split into seven primary regions, which are subdivided into 30 sub-regions. The Alentjo and Algarve regions attract much attention because of their natural beauty and rich culture.

Geographically, the mainland of Portugal is split by the Tagus River. The northern section is very mountainous, while the Southern region, known as the Alentjo Region offers rolling plains and milder weather. If you visit Alentjo, don’t miss the chance to explore the peaceful castles and villages. Alentjo is also a great place to take a safari ride, explore beaches and come face to face with history. If you are planning a trip to Alentejo from the United States, it is best to fly into Libson and then drive the rest of the way.

If you travel further south of the Alentjo region, you will reach the Algarve region which has a climate similar to Spain’s. Algarve is Portugal’s southernmost coastline where the sea is calm and clear. Algarve is a bustling hub in Portugal that has something to offer everyone. From small idyllic fishing towns, to world renown beaches, to over 30 gold courses Algarve is sure to provide visitors with a great time. When flying to Algarve from the United States, first fly into Libson and then Faro. For more information on Portugal and its booming property markets, listen to the podcast on www.condoblog.com.

FOR IMMEDIATE RELEASE

Contact:     Wendy Croquet

                    954-294-6467

                    wendy@athena-marketing.com         

                                                                                                 

August 13, 2008 (Miami, FL) - Condo.com, the world's largest condo marketplace, recently released it's much anticipated Condo Market Intelligence (CMI) data for several key Florida markets including Miami, Fort Lauderdale, Palm Beach and Orlando.  This data provides information on the number of multi-family home sales in these key markets as well as Average Sales Price and Average Price Per Square Foot.  The number of listings for sale and rent by market is also a key component of the CMI.  While overall the data confirms expected declines, there are some positive and stable markets indicating that all is not doom and gloom.
     "We are excited to be able to release this new data which gives the industry good, reliable numbers on what is happening in the condo marketplace," says Richard Swerdlow, CEO of Condo.com.  "We know the industry is hungry for this information and we have put an infrastructure into place to capture valuable data we release on a periodic basis," he added.
     Some of the market trends identified through Condo.com CMI are:
Number of multi-family home sales for the 2nd quarter '08 increased in all markets from the prior quarter including Fort Lauderdale, Miami, Palm Beach and Orlando.  The Orlando market leads the pack with the highest increase over last quarter of 45% with Palm Beach coming in with a 30% increase and Miami and Fort Lauderdale with increases of 22% and 17% respectively.
     Not surprisingly, average sales prices went down in all markets except Palm Beach which experienced a 9% increase over the previous quarter.  Orlando showed the biggest decrease in average sales price of 15% while Miami had a 6% decrease and Fort Lauderdale experienced a slight 1% fall in sales price.
     Perhaps the most valuable statistic to compare markets is average price per square foot:  Orlando's average sales price per square foot dropped 15% to $128.  The average sales price per square foot in Fort Lauderdale dropped 2% to $154; Palm Beach's average sales price per square foot stayed the same as last quarter at $146 while the Miami market dropped 1% to $301.

 

The Condo.com CMI Report also includes data on the number of listings for sale and rent.

 
For-Sale Listing Data by Metro area as of August 1st, 2008:

Miami - 23,611 for-sale listings (3% decrease from July '08)
Avg Price/SqFt = $316 (2% decrease from July '08)
 
Fort Lauderdale - 18,020 listings (1% decrease from July '08)
Avg Price/SqFt = $209 (2% decrease from July '08)
 
Palm Beach - 13,627 listings (2% decrease from July '08)
Avg  Price/SqFt = $192 (2% decrease from July '08)
 
Orlando - 6,252 listings (2% decrease from July '08)
Avg Price/SqFt = $157 (3% decrease from July '08)

For-Rent Listing Data by Metro area as of August 1st, 2008:

Miami - 6464 Rental Listings (3.36% increase from July '08)
Avg Rent/SqFt $1.95 (.5% increase from July '08)
 
Fort Lauderdale - 2693 Rental Listings (5% increase over July '08)
Avg Rent/SqFt = $1.36 (No change from July '08)
 
Palm Beach - 3,138 Rental Listings (8% increase from July '08)
Avg Rent/SqFt = $1.68 (1% increase from July '08)
 
Orlando - 680 Rental Listings (11% increase from July '08)
Avg Rent/SqFt = $1.02 (1% increase from July '08)

 

About Condo.com

Condo.com (http://www.condo.com) is the world's largest condominium marketplace with over 600,000 listings valued in excess of $150 billion. The site receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. Condo.com improves and simplifies the way people buy, rent, sell, manage, market and enjoy the condo lifestyle. Condo.com lists condos for sale and for rent in the United States and 70+ countries around the world and cost-effectively delivers exposure and qualified leads to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com is privately held and headquartered in Miami, Florida. For more information visit http://www.condo.com.

While taking a relaxing vacation to unwind from the pressures of everyday life sounds good…partying is even better. Lots of cities around the world are now being known for their night life and club scenes.

11. Budapest, Hungary

Being the largest city in Hungary, Budapest is sprawling with luxury hotels and casinos. World famous DJ’s travel to Budapest to spin at the newest, most modern clubs every year. If you are going out in Budapest, plan on staying out until the wee hours of the morning.

10. Athens, Greece

Athens is a party city year round, but if you visit between June and September you can also participate in the Athens festival. In Athens you’ll be submersed in dancing, music and theater- after all, the Greeks do know a thing or two about hedonistic pleasures. Clubs in Athens are indoor and outdoor so you can enjoy the Mediterranean climate and breath taking views.

9. Las Vegas, Nevada

What would a list of party cities be without Sin City? Vegas is known to be a ‘theme park’ of a city that’s filled with casinos and adult entertainment venues. Don’t forget about the quick-hitch places either, if you’ve dreamed of getting married by Elvis, it is possible in Vegas. Just don’t always believe that “What happens in Vegas stays in Vegas”.

8. Barcelona, Spain

Barcelona is a party central because it is one of Europe’s most popular city-breaks. Here you will find beautiful beaches, world famous architecture, and an amazingly free-spirited night life. Another fun aspect of Barcelona is that each section and neighborhood is unique from food to music. One thing they all have in common though, is that they like to party.

7. Berlin, Germany

Berlin is the birth place of the adrenaline rushing, heart pumping techno music that we have all grown to love. The only thing Berlin may be more famous before than its clubs is the Berlin Love Parade. This summer party attracts an estimated one and a half million ravers to the streets of Berlin for one almighty celebration of love and hedonism.

6. New York, NY

This party city lives up to its nickname as the “city that never sleeps”. Packed with world famous monuments and landmarks, New Yorkers rage it up day and night. Its diverse neighborhoods guarantee any partier a good time whether you like hole in the wall bars, comedy clubs, or raves. Add to that the fact that NYC is a cultural melting pot and you have yourself our number six party city.

5. Manchester, UK

When you visit the clubbing capital of the world be prepared to stay out until dawn- at least. The city streets are lined with over 50 energized clubs. Manchester also offers more than 30 styles of foreign cuisine, with distinctive Chinese and Asian areas of specialty. It has 80 golf courses, more theatres than any other city outside London, and two Premier League football teams. Since the mid-1980s, Manchester popular music has dominated music charts so it is no wonder why the clubs are always packed.

4. Amsterdam, Holland

When you think of Amsterdam the first thing that probably comes to mind are their world famous ‘cafes’. Don’t forget about their Red Light District and vibrant night life either, Amsterdam is a lead party city for sure. Amsterdam is also known for their festivals such as the cannabis cup. Since marijuana is decriminalized and legal in most parts of the Netherlands, Amsterdam is a calm party city compared to the other rowdy spots on our list. There are designated pot cafes and smoking areas making Amsterdam a great city to relax.

3. Rio De Janeiro, Brazil

Rio De Janeiro is noted for their parades and huge parties. Here, partiers love to dress in costumes and through street side masquerade balls. If you visit in February and March you will get to party at the festival of carnival. This is an infamous party that involved parades, night life, famous clubs and celebrity visitors.

2. Goa, India

Goa is home to festivals, festivals and more festivals! Goa is a very colorful city and is one of India’s most developed states. It is located on India’s west coast so the best time to visit is in the winter. When you’re there you will have plenty of fun between secret beach parties to huge holiday bashes.  

1. Ibiza, Spain

Ibiza is number one on our list because this hedonistic city hasn’t stopped partying in over 30 years. It is in a prime location right off the coast of Spain in the Mediterranean Sea. During the day you can lounge pool side and explore the beaches. Just make sure to save your energy for the night, clubs are open from 11pm to 12pm the next day! Ibiza has more than just the usual dance clubs, it thinks outside of the box when it comes to partying. Espuma, which is Spanish for foam, is a club that pumps gallons of foam onto the dance floor until it can reach up to your neck!

FOCUSED ON THE FUTURE OF THE FIRM AND ITS CLIENTS, CONDO.COM’S FOUNDER AND CEO SEES A WORLD OF OPPORTUNITIES – AND A COMPANY WELL POSITIONED TO TAKE ADVANTAGE OF THEM

HOW DID YOU COME UP WITH THE IDEA FOR CONDO.COM?

Sure. I started my career as a public finance attorney with Greenberg Traurig and then transitioned in the early nineties to the web. Me and a partner began an e-commerce company in 1993, selling cellular phones and accessories over the web and through print catalogs. We were very early to the web and in fact built some of the first e-commerce stores for AT&T and Ericsson. We sold the company to a division of Federated Department stores at the end of 1999, before the .com meltdown occurred.

I then joined Swerdlow Group, our family development business, and helped build and lease some of the region’s biggest data centers for Telefonica, Exodus and BellSouth. As the market changed, Swerdlow Group began to develop multi-family projects throughout the State. It was literally while driving to one of our projects in Daytona Beach that a colleague and I hatched the idea for Condo.com. We kept seeing billboard after billboard of condo projects during the 5-hour drive, typically with a girl in high heels by the pool of a preconstruction building. This was the middle of 2005 and it became clear to us that based on the growth of billboard ads and the swelling of lifestyle magazines with condo ads, that we were going to have a problem. It was somewhat analogous to the .com bubble and we realized that in the next few years there would be an unprecedented number of condos around the world that developers, brokers and agents and individual sellers would need to liquidate.

We decided at that very moment to build an online marketplace to create liquidity for everyone in the market. We initially launched as US Condo Exchange, along the lines of a stock exchange since condos are somewhat of a commodity. They can trade sight unseen and are often purchased, in the case of pre-construction, before they are built. We acquired both the Condo and Condos.com domains last year and are now aggressively building Condo.com into the leading online condo marketing brand in the world.

WHAT ARE YOUR THOUGHTS ABOUT THE CURRENT REAL ESTATE MARKET?

Low interest rates, extremely liberal lending policies and a transition of investment dollars from the stock market to real estate, created the perfect storm. As a result of the credit crisis and unprecedented supply of housing across the country, the market is clearly experiencing a correction. However, we’ve been correcting for close to three years now as prices peaked in Q3 2005. In many markets prices are off 25-30% in single-family and multi-family projects and re-sales. The encouraging news is that the trend is no longer getting worse. Also, housing starts have been off by almost 50% and residential construction is close to 15-year lows. This will slowly bring back healthy inventories to the market. Nationwide we are at a 10-11 month supply where a 5- month supply is considered healthy. As prices stabilize now, we will also begin to see housing affordability back in line with incomes. Typically 19% of monthly income was being used to service conforming mortgages on home purchases. During the boom, this went up to over 25% as prices rose faster than monthly incomes. As prices come down, we’ll get back to normal affordability levels and will start to see increased absorption.

HOW WILL SOUTH FLORIDA WORK ITS WAY OUT OF THE CONDO GLUT?

South Florida is a very resilient market and will come out of this downturn fine. There are currently over 75,000 for sale condo listings on the market in South Florida which includes Miami-Dade, Broward and Palm Beach. There are 20,000 additional units that will come online in the next 12 months. Despite all of the existing and pending inventory we are bullish on the market for the following reasons:

1. Migration into the State – It is anticipated that over 1.3M baby boomers (65+) will relocate to Florida over the next decade

2. Value – the prices have come down during the past 2.5 years and when compared to other global markets, Miami is still a value on a price per square foot basis

3. Currency strength – the Euro and other foreign currencies are still very strong against the dollar, making investments in our real estate a true bargain of up to 50%

4. Flight capital – there is still capital coming out of Venezuela and other areas in South America of political or economic instability. This capital will get invested in real estate

5. Increased demand – as we see fuel pass $4 per gallon, people are starting to choose the urban core as opposed to the suburbs. Living in a condo a few blocks or walking distance to work can save a person several thousand dollars per year

6. Decreased prices – In addition to sellers and developers dropping prices to move inventory, banks, in instances where they take projects over from developers, will drop prices as they eliminate the equity and junior debt from the equation

7. Great weather – the weather and ocean will always make South Florida a location where domestic and international buyers will look for primary and secondary homes

8. Favorable taxes – the lack of a State income tax makes the State a great place to own real estate

HOW DOES CONDO.COM PLAY A ROLE IN HELPING

THE INDUSTRY?

As a global advertising portal, Condo.com provides international exposure to over 15 millions buyers each month on a network of partner sites. This exposure to international markets is producing sales of condo units and projects that would ordinarily not be able to cost effectively access these foreign buyers. Our mission is to: (i) help sellers effectively market; (ii) provide buyers with a superset of all condo listings to search; and (iii) help condo residents and other professionals access a definitive database of condo-related information and the buyers and sellers that are part of our growing marketplace. We like to think we are helping to fuel a recovery in the condo market. In June, for example, we had over 1 million visitors to the site that collectively spent over 50,000 hours and conducted more than 800,000 searches. This activity resulted in over 15,000 leads for properties in excess of $25B.

CAN YOU DISCUSS THE NEW PARTNERSHIP YOU HAVE WITH RAICES?

Last month we met with the founders of Raices in Miami “Fabio Ostroviecki”, and created a joint venture between our companies. Raices is the leading global real estate magazine and it made sense for us to have a bestin-class print partner. Raices’ global circulation helps to further expand our brand and allow us to increase the offerings to our clients by now also offering exposure in the magazine. The quality of the magazine itself, in terms of the paper and production values, is superb. The class of advertiser is also top notch and fits within our target demographic. The partnership will also enable Raices to place promotional codes in the print magazine for projects also featured on Condo.com. As marketers become more sophisticated, they expect tracking and a clear path to ROI. By having links from the print and digital versions of the magazine to the buildings and units listed on Condo.com, we can provide the advertiser with concrete and measurable results. We are excited about the complementary product line extension and partnership with Raices, Fabio Ostroviecki and Jack Haime.

5. Avenue Montaigne- Paris, France

$5,046 per square foot

Dior, Chanel and Luis Vuitton don’t just call any place home. Instead they nest themselves in the most expensive streets in the world, including the Anenue Montaigne in Paris, France. Known as a high class fashion avenue, Avenue Montaigne attracts international models and the filthy rich alike. Believe it or not in the early 18^th century this now glamorous avenue was called ‘the alley of widows’ because it was used as a meeting place for mourning women. Now it would be better known as ‘the alley of mourning bank accounts’ to say the least.

4. Kensington Palace Gardens- London, UK

$7,196 per square foot

The Kensington Palace Gardens boasts the world’s most expensive home and the nickname ‘Billionaire’s Row’. With residents including Indian steel tycoon Laskhmi Mittal, Russian oil baron Leonard Blavatnik, and Chelsea Football Club owner Roman Abramovich it is no surprise where the nickname came from. Not only are the residences extravagant, but the underground man caves beneath the mansions are one of a kind. Unlike some of the other streets on our list, Kensington Palace Gardens is solely residential and has only 21 buildings. The street runs right along Hyde Park which doesn’t make for a bad view either.

3. 5^th Avenue- New York City, USA

$7500 per square foot

It is no surprise that 5^th avenue in NYC is America’s contester on this list. From Saks, to Barneys to Tiffany’s, anyone who calls this area home shells out about $7500 per square foot of their residence!. Aside from infamous retailers, from 5^th Avenue you can see Washington Square Park, Harlem, Central Park, the Empire State Building, The Metropolitan Museum of Art and the Guggenheim Museum. Between the attractions, high status residents and being the largest city in America, 5^th Avenue has a lot to offer.

2. Severn Road- Hong Kong

$11,200 per square foot

1. Avenue Princesse Grace – Monaco

$17,750 per square foot

The world’s most expensive street was named after the former Princess of Monaco- Grace Kelly. This iconic Hollywood movie star married the wealthy Prince of Monaco- and is your grandfather’s heart throb. Avenue Princess Grace is a mingling spot for billionaires, royals and tycoons from all over the world who want breathtaking views of the Mediterranean Sea. With rundown four bedroom apartments selling for $41 million, the going rate for realty is around $117,750 per square foot. Then again, a hefty price tag comes along with living in the most exclusive enclave in the world. <!--[if !supportLineBreakNewLine]--> <!--[endif]-->

Living in condos with pets can be difficult, mostly because indoor and outdoor space is limited. Don’t worry though; living in a condo is no reason to give up your furry friend. If you stay in tune to your pet’s needs both of you will happily settle into your new lifestyle.  While house cats may not notice the difference, dogs will have to undergo a more significant adjustment. It is especially important for dogs to have enough exercise and time outdoors. Large and active dogs should be taken outside a few times a day to stretch their legs and run around. Small dogs may be more content inside but still need to be taken out for walks to go to the bathroom.

Living in a close community of people can actually be helpful if you own a pet. One benefit is that you and the other pet owners in the building can use your different schedules to each others advantage. Schedule each person to take the group of dogs for a walk during the day, just because you are at work doesn’t mean your pet has to be stuck indoors. Or, if you don’t feel comfortable giving your neighbors access to your condo when you aren’t there, have each pet owner contribute money to hire a dog walker. Not only is this easier for you, but its better for your dog! Your dog will look forward to their daily play dates with the other animals in the building.

On the other hand, if you already live in a condominium and are looking to buy or adopt a pet you should consider the breed’s size and energy level. Low and Medium energy dogs such as Cocker Spaniels, Shepards and Collies make good condo dogs. High energy and Guardian dogs such as Retrievers, Dalmatians, Boxers and Rotweillers may not do as well in such a small space. The most important thing to remember though, is that regardless of the space confinements and breed tendencies, it is the time, energy, and love you give to your animal that will make the difference.

If you have ever moved before or are in the process of moving, you know what a headache it can be. Packing and moving boxes is tiring and frustrating. Unpacking in your new place can lead to anxiety and disorganization. While moving may never truly be stress free, you can follow these helpful tips to ‘lighten the load’.

1. Make a List

If you write everything down you will thank yourself for it later. Create a record keeping system before you pack your boxes so you can keep track of what items you put where. Place a number on every box you pack and list its contents in your notebook/ record system. Also designate a safe place for all your key moving supplies- including this recording notebook, packing tape, labels and marking pens.

2. Have Plenty Of Supplies

You will need LOTS of boxes, probably more than you think you will need. If you stock up in the beginning, it will be quicker and easier to start packing. Keep 5-10 boxes on hand for you last day so that you can pack last minute goods such as bedding, toiletries and cleaning supplies. Also make sure you have strong plastic packing tape and bubble wrap to secure delicate items.

3. Utilize Wardrobe Boxes

These tall, lightweight boxes are perfect for bulky comforters, pillows, blankets and clothes. Call your mover to ask the width of the wardrobe boxes that they will be bringing. Then measure the clothes in all your closets to see how many wardrobe boxes you will need. You can also use these for closet storage boxes, shoe boxes, and baskets. Just beware not to stuff these boxes until they are too heavy to lift, or fill them with heavy items that can break through the bottom.

4. Strategize Wardrobe Box Use

Moving companies will gladly deliver boxes before your moving day, but if you’re doing things yourself, try to stay as organized as possible. A few days before your move, fill some sturdy shopping bags with bulky yet durable closet items like shoes, bags and belts. On moving day fill the bottom of your wardrobe boxes with some of these shopping bags and then add your hanging clothing. Pack your clothes that are on hangars tightly so that they don’t shift and fall off during the move.  Then, cover the shoulders of your clothing with dry cleaning bags for protection and fill any empty space with any leftover purses or bags. By packing the wardrobe boxes this way you will save space and remain organized.

5. Color Coordinate

Make unpacking easier by designating a color for each room in your new home or condo. For example, yellow for the kitchen, blue for the living room etc. Next, apply the colored stickers on each box near its number and a corresponding colored sticker on each room of your new place. When the movers are unloading the boxes they will know where to put everything to make it easiest for you. It is also helpful to put a big sign on the wall in the rooms where you want boxes stacked, (“Boxes here please”), so that you can keep them out of furniture and traffic areas.

6. Keep Things Together

When you are packing, keep similar items together. Keep bookends with books, light bulbs with lamps, and extension cords with appliances. Attach small loose parts to the item they belong too with tape or in small envelopes. Keep larger corresponding items such as TV cords in Ziploc bags and tape them to the backside of the item. Also start a “Parts Box” that you can fill with parts, pieces, brackets and anything that is removed from furniture or is needed to reassemble items.

7. Pack Ahead

Anything you can pack ahead of time, no matter how small it is, will save you time on moving day. You do not need 5 radios or 3 TVs hanging around until the last minute. The more things you save to pack, the less organized you will be when you get to your new place. Box up your toiletries and keep only what you need for the last week in a traveling cosmetic case. Pare down cooking supplies and utensils to the bare minimum, and wash and pack the rest. Clean and use wastebaskets to store items, you can use plastic bags for garbage while you’re moving.

8. Consolidate Cleaning Supplies

If you must clean your old place before moving out, put together a kit of basic cleaning supplies you will need on moving day. Clean anything you are not using before hand such as kitchen appliances, blinds and window sills. If possible, vacuum each room as the movers empty it so you can leave once the last box is gone.

9. Use Your Luggage

Pack luggage and duffel bags with clothing, sheets, towels and paper goods. It is also a good idea to put important items, or ones you will need right away in your suitcases because they will be easier to spot than ‘Box #87’.

10. Safeguard Valued Items

Keep valuable possessions such as silverware, antiques and collectibles with you in your car. If there is no room, or you have a long distance move, bury the items in a box discretely titled. Either way, check your homeowners insurance to see how you are covered during the move or if you need additional insurance from the mover. Also, find out what paperwork you might need to file a claim in case of loss.

11. Keep Important Papers With You

Keep birth certificates, school records, new job contracts, utility company numbers, bank records, bills, closing papers, titles, deeds etc. in a folder that you will keep with you. Don’t put them in a box and leave them with the mover!

12. Personal Boxes

Let each person in the house get a brightly colored storage tote box. Each family member can fill theirs with personal items they’ll want right away in the new home. Don’t forget to include the essentials such as keys, a set of sheets, phone chargers, and travel cosmetic case. The bright colors will be easy to find amongst the cardboard boxes and you will know where your necessities are.

Moving can be stressful and time consuming, but planning ahead will make all the difference. The more organized you are while packing, the more organized you will be unpacking. Happy Moving!

10. Luxembourg

Being the world’s richest country, its no wonder Luxembourg’s residents are happy. This European country is so small it has an army of only 800 people, and no navy or air force. They do however share the ownership of a military cargo plane with Belgium. Luxembourg also holds the world record as the country that consumes the most alcohol in the world per citizen.

9. Guatemala

The ninth happiest country borders with Mexico and is surrounded by the Pacific Ocean and the Caribbean Sea. Unfortunately, repeated hurricanes and earthquakes take a toll on Guatemala’s land and residents. Their main exports are coffee, sugar and bananas.

8. Canada

Canada is one country that truly wants world peace. For one, Canada has never cancelled its relations in Cuba and it has declined to take part in the Iraq war. Also, as one of the United Nation’s leaders in peacekeeping missions, Canada has launched a $1.5 billion initiative to develop vaccines for poverty stricken countries.

7. Sweden

Sweden’s residents get hooked up with some sweet deals. The state provides universal tax funded child care, parental leave, health care, education, retirement pensions and sick leave. Swedes do pay much higher taxes, but they are okay with their “welfare state” model. After all, who can complain about unlimited high quality services?

6. Australia

Australia is the only country in the world that consists of an entire continent. Australians enjoy the largest collection of living things on the planet- the Great Barrier Reef. They are also known for playing rugby and…partying! I guess there is nothing like relaxing with your ‘mates’.

5. Finland

You may not know much about Finland, but you have probably heard of Nokia. First off, Finland is the country that brought us Nokia, and secondly, in 2206 Nokia generated more revenue than Finland’s entire budget. No wonder Finland has the most competitive economic budget in the world.

4. Iceland

Iceland is rich in volcanoes, geysers and…happiness! Due to its geothermal power, Iceland gets its electricity and hot water for pennies. This cheap local energy makes the country very cost effective. In fact, Iceland is the world’s most developed country because the country effectively utilizes its land.

3. Austria

Compared to the United States, Austria is managed in a much different way. It is one of few countries that allows legal voting beginning at age 16. Furthermore, upon turning 18 all males must take part in a 6 month military service. Austria has also declared itself as a neutral country and takes part in peace keeping missions only. Another unique factor is that due to its wide-spread use of wind, solar and hydro power, Austria produces 80% of its energy from renewable resources. Education is also mostly free with the exception of a small student semester fee of about $583. Needless to say, Austrians do not graduate in debt.

2. Switzerland

Switzerland holds a spot as the world’s 10^th richest country thanks to its production of cheese and chocolate. The country used to be a magnet for illegal money because of its lenient bank policies but has since tightened the system. Now, Switzerland focuses on keeping the country clean and is the top garbage recycler in the world.

1. Denmark

Similar to Sweden, Denmark provides its citizens with mostly free services. However you can expect to pay 72% of your money to the government since this country has the world’s highest taxes! The benefits are mostly free education and health care but larger purchases such as automobiles can rack up quite the bill. As a result, people in Denmark do a lot of walking, bike riding, and take advantage of one of the best public transportation systems in the world.

July 30, 2008 (Miami, FL) – Condo.com, the world’s largest condo marketplace, which currently has over 15 million visits a month, announced a partnership with Raices Magazine, a global magazine targeting real estate investors and professionals.  This partnership provides both Condo.com and Raices customers with exclusive promotional opportunities and benefits as well as important industry information.

“Partnering with Raices magazine falls right in line with our desire to constantly make more services and resources available to our thriving Condo.com community of buyers, sellers and real estate professionals.” said Richard Swerdlow, CEO of Condo.com “We know our customers will benefit from the information provided in Raices and we are sure that Raices will appreciate the quality and volume of professionals joining our condo.com community daily,” he added.

While Condo.com uses the power of the internet to communicate its message to customers, RAICES uses a 4 color print magazine to reach its audience which currently includes over 100,000 readers worldwide.  “Our typical reader is a CEO or top executive in the real estate industry including developers, investment groups, bankers, brokers and consultants in major cities in Europe, Asia Pacific and America. “ says creator Fabio Ostroviecki.  “Condo.com is the most important alliance we have in North America.  This partnership will fuel our intent to keep growing, provide cross functional tools to our customers and broaden our spectrum of reach.  This is an exciting alliance for us and our readers and supports our goal of generating sales for our clients,” added Ostroviecki.     

While many companies are struggling in today’s economy, especially in the real estate industry, Condo.com continues to experience rapid growth as the World’s Largest Condo Marketplace.  Traffic to the site increased 23% in June, which generated more than 14,000 leads, over 3.4 million page views and over 97,000 visitor hours on the site. 

About Condo.com

Condo.com is the most popular global internet portal for the condo real estate industry focusing on multi-family housing and the condo lifestyle.  Condo.com has a comprehensive database that includes over 600,000 listings from multiple sources including developers and lending institutions that are traditionally not available to consumer markets. Registered Condo.com customers will get special discounted subscription rates to Raices Magazine among other special offers and exclusive events.  For more information, visit www.condo.com or call 877.266.3601.

July 10, 2008 (Miami, FL) – Condo.com, the Worlds Largest Condo marketplace, now provides it’s customers even more exposure to potential buyers through an exciting partnership with FrontDoor.com, the real estate Web site powered by HGTV.  This partnership provides Condo.com customers with increased presence through FrontDoor.com’s various media outlets, primarily on the popular HGTV and DIY network as well as its award winning internet site.   

"We are pleased about this additional media promotion designed especially for our thriving online Condo.com community of buyers, sellers and real estate professionals, who understand and appreciate the quality of HGTV and Scripps Network brands and programs as much as we do,” says Richard Swerdlow, CEO of Condo.com.  “With our site traffic setting record numbers of both repeat and new customers every month, we are constantly looking for new ways to add value and elevate our customer's real estate IQ, bringing new partners on board with similar goals,” added Mr. Swerdlow.  

Condo.com is a global internet portal for the real estate industry focusing on multi-family housing.  It has a comprehensive database that includes over 600,000 listings from multiple sources including developers and lending institutions that are traditionally not available to consumer markets.  This massive database will now be promoted on FrontDoor.com reaching even larger audiences and providing Condo.com sellers one more unique advantage. 

About FrontDoor
FrontDoor.com (http://www.frontdoor.com) is an online real estate listing service powered by HGTV, the No.1 source for home-related media content. The site currently offers more than 1.5 million listings of homes for sale and partners with top real estate brokerages throughout the U.S. In addition to providing users with the latest residential for sale property listings, FrontDoor houses expert HGTV advice and videos along with original Web series and a comprehensive library of engaging, interactive tools, guides and information.

The award-winning Web sites created and supported by Scripps Networks Interactive have attracted a monthly average of more than 14 million unique visitors in 2007 (Jan-Oct) and are category leaders in the food, home and living space online. The Scripps Networks Interactive properties -- Web sites HGTV.com, FoodNetwork.com, DIYnetwork.com, FineLiving.com, GACTV.com, Recipezaar.com in addition to the new FrontDoor.com-- are not only extensions of Scripps Networks leading lifestyle brands, providing users programming information and additional instructional content, but also exciting destinations for original content, engaging video and powerful interactive tools.

About Condo.com

Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory valued at over $200 billion. The site lists condos in the United States and 70+ countries around the world and cost-effectively delivers exposure to developers, brokers and owners through the seamless distribution of its listings to a global network of websites visited by over 15 million viewers per month. The site serves as a thriving online community for all things condo with a wide range of resources and a social network for buyers, sellers and other professionals.  Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com or call 877.266.3601.