On a steep hill sloping down to Lake Geneva, this one-bedroom two-bath terrace apartment is on the top floor of a three-story building. Originally conceived as a three-bedroom, the space was renovated into more of a loft style, with a 750-square-foot common room, currently laid out with separate spaces for socializing, dining and working.

As property prices collapse in many international business centres stricken by recession, estate agents in Zurich, Switzerland’s commercial capital, are struggling to balance smugness and fear.

A long-awaited proposal to build a ski village at Killington is getting a cool initial reception. SP Land Co.’s plan calls for the construction of up to 3,554 housing units on the 408-acre development over the next 20 years.

A rare opportunity to purchase one of the world’s classic ski resorts is reputed to currently be available. Stowe has spent hundreds of millions of dollars on improvements over the past few seasons, but the vast American International Group which owns the resort has been hit by the economic crisis and required government support to keep trading. They have now put the ski area on the market.

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