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It may be losing ground to other markets in terms of growth figures, but the latest report from the World Economic Forum's global tourism summit indicates that Europe still has the most competitive tourist industry in the world.
The report, compiled at the WEF's Global Tourism Summit in Andorra, ranked 139 countries in terms of their tourism policy, local infrastructure, price competitiveness and natural and cultural resources. Sitting at the top of the list was Switzerland, followed by France and Germany. Austria, Sweden and Spain also made the top 10.
The WEF's Jennifer Blanke said the report indicated European nations still had a lot of potential for development and growth in their tourist industries. "The top rankings of Switzerland, Germany, France and Austria demonstrate the importance of supportive business and regulatory frameworks, coupled with world-class transport and tourism infrastructure, for fostering an environment that is attractive for developing the travel and tourism sector", said Blanke.
Bond and currency investors in Europe have flocked to Scandinavia to escape the euro area's debt crisis. They may need to rethink their bets as the risk of asset bubbles threatens to trigger losses in Norway and Sweden.
The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.
International agency Savills has helped Swedish firm Fragerus Fastigheter AB seal a €15 million deal on the sale of two student accommodation buildings in Gothenburg.
Home prices in Sweden continue to improve with an average rise of 1% during the three months from June 2011 to August 2011 versus the previous quarter (March 2011 – May 2011).
"This is a very peaceful place," says police inspector Charlotte Lindh as families head flock past toward an open-air flea market on a bright Saturday morning. "I am happy I can bring up my children up in Ystad."
A Swedish real estate agent has an unusual piece of property up for sale: a five-bedroom house, complete with medieval tomb and skeleton in the cellar.
Somewhat unsurprisingly, the exclusive European principality boasts the best life expectancy in the world, according to the CIA.
The single currency reached two-month highs as investors prepared to bid on bonds for the much-lauded rescue fund.
Check-in and check-out and even opening the door to your room -- a mobile phone is the only key you need at a Stockholm hotel conducting a pilot project of new mobile applications, the participating companies have said...
An ambitious new hotel concept in Sweden has transformed the humble treehouse into one of the country's most sought after places to stay, providing you have a head for heights, of course...