Sales have started of a US real estate development selling itself as a “mountain community”. KST Construction said its Colorado project was aimed at people looking for a mix of easy mountain and golf living.

The Fraser Valley development, entitled The Fairways at Pole Creek, is offering luxury homes on two-acre sites starting at $1.5 million (£750,000).

Built around a golf course, the units will boast mountain views and a minimum of four bedrooms. KST Construction president Steve Jervis said:

“While most local developers sell only the lot, leaving the buyer to find an architect and builder, we make it easy for the purchaser by offering a complete package including the land development and custom home construction.”

KST development partner Mountain Estates is inviting property investors to visit the site and stay in a courtesy home to experience The Fairways.

A total of 40 single-family new homes are up for grabs, with KST also being the firm behind Shoreline, Grand Bahama Island, a Bahamas development of ocean front homes.

A “wave of supply” starting in 2009 could bring price stabilisation to the Dubai property market, a leading expert has said. MAG Group Property Development said a more sustainable balance between property investors and owner occupiers would follow in 2010.

Executives at the firm suggested the Emirate’s development boom would peak next year, resulting in a fall in market prices. MAG chief executive officer Mohammed Nimer said:

“The construction boom in buildings is about to peak in 2009, with $3 billion (£1.5 billion) worth of real estate either on the drawing board or under construction.

“From there, the value of the market will fall back to 2007 levels of around $1 billion (£500 million) as more units are delivered. That will hopefully subdue rising market prices.”

Statistics from the group show actual home owners account for 30 per cent of Dubai property purchases at launch, with private property investors still dominating initial transactions.

MAG pointed to the the database of Proleads, the Dubai-based research company monitoring major construction projects across the region from planning to completion.

The information shows more than 80 unit blocks individually budgeted at up to $100 million (£50 million) currently under construction in Dubai and the Northern Emirates with a combined value of more than $4 billion (£2 billion).

But the database also shows a “dramatic decline” in announced new or planned construction of similar buildings throughout 2009 and 2010 as projects reach completion.

A property developer claims to be bucking the UK market trend, reporting an average of more than six sales per week. Sandbach-based Persimmon Homes took a swipe at press coverage of the UK property slump and said it was experiencing a sales hotspot at its Lyme Valley development, Newcastle under Lyme.

Its up-beat figures “flew in the face” of opinion from some quarters that the UK housing market is in decline, the company said. Claire Jarvis, sales manager for Persimmon Homes Mercia, said:

“While the national press perpetuates negative stories about the property market, in contrast we are seeing continued demand across all our developments.”

She added the company’s “realisitc” approach to selling homes and its service standards were maintaining its performance levels. She said:

“We have been extremely busy for the past few months and, although conflicting news about the property market may have unnerved a handful of potential purchasers, the reality is, we are experiencing continued high demand for new homes.”

Executives also said the stability of the interest rate and competitive pricing had added to Persimmon’s success. Last month John Cassie, regional chairman of Persimmon, told the Scotsman things north of the border were not so rosy. Quoted by the paper, he said:

“Regrettably, a number of redundancies are to be made and members of staff at Persimmon Homes have entered into a consultation process.”