News Archive: property investment
09, 2012 February:
Cyprus has long been the black sheep of the overseas property family. With its economy hit hard by the Eurozone crisis, prices and demand have been plummeting for months. But Cyprus surprised the world this week as domestic property sales in January jumped by 97 per cent compared to 2011, marking the second consecutive monthly increase for the market. So what does this mean for overseas investors?
International property investors are increasingly targeting up-and-coming districts in Paris in order to find the best opportunities.
An improvement in the exchange rate between the UK and the Euro is encouraging buyers in France who are snapping up ski properties, it is claimed.
06, 2012 February:
House hunters may have heard of Felice Cohen, the cash-strapped woman who adapted to fit in New York's smallest flat. Videotaping her cramped conditions, her creative housing solution was hailed as "an inspiration to penny-pinched tenants across the world". But Portugal's investors are proving equally intrepid with a simple response to limited bank finance: skipping the banks altogether.
There has been a decline in the level of investment flowing into the Romanian commercial property sector in 2011.
The prime London new build residential market is now being driven almost exclusively by international buyers, generating a net £1.4 billion inflow of equity in 2011, according to new analysis from international real estate adviser, Savills.
Property investors, many of them from overseas, are continuing to buy in the Philippines despite rising prices, experts point out.
02, 2012 February:
Student housing demand is outstripping supply despite a drop in university applications.
Overseas property agencies based in Florida like Feltrim International are delighted with the news that Walt Disney World and Universal Studios resorts are “ploughing millions of dollars into huge expansion projects” at their base in Orlando, which has just become the first-ever US city to surpass 50 million visitors a year.
01, 2012 February:
Cape Verde has catapulted back into the top 10 in the TheMoveChannel.com's latest Top of the Props report. While Spain and the USA continue to compete for the number one slot, the tiny islands saw a surge of interest at the start of 2012, jumping 18 places to become the seventh most popular destination on the overseas property portal.
Buying a home in Scotland is cheaper than renting, according to Bank of Scotland.
Overseas property buyers from China have overtaken the Japanese as the biggest spenders in the Australian state of Queensland, having upped their buying pattern three-fold during the global financial crisis says a new report from the agency group CBRE.
Property investors in Dubai have managed to negotiate a deal for payments on a stalled project to be refunded without resorting to court action.
31, 2012 January:
The 80-storey 3 World Trade Center, one of several skyscrapers being built at ground zero, may have to stop construction at just seven floors if no more tenants can be found for the building. But while the $11.7bn New York project struggles to stimulate demand, it's another story in Florida, where demand from buy-to-let investors has been setting new records.
For the fourth year in a row the principality of Monaco boasts the most desirable luxury property for the world's elite.
30, 2012 January:
Dubai is seeing a surge of Iranian investors looking to safeguard their assets according to local professionals.
The latter part of 2012 could be the right time to invest in real estate in Panama, with one expert in the country expecting property prices to begin to rise from 2013.
UK buyers make up the second biggest group of buyers in Italy, according to Gate-Away.com, Italy's number one property portal for non-Italian buyers, which analysed its data for 2011.
27, 2012 January:
Investors in Dubai have appealed to the emirate’s ruler to intervene in a dispute between them and a developer after being told they risked fines if they did not accept properties on an unfinished project.
More than half of all global real estate investment resides in just 30 cities and a quarter is in the five top tier cities of London, Tokyo, New York, Hong Kong and Paris, new research shows.
25, 2012 January:
A British couple have sold their home and moved across the UK to live in an unusual new property: a toll bridge. The Whitney-on-Wye bridge, which is attached to a cottage, cost £403,000 and lets the couple charge anyone travelling between Hereford and Hay-on-Wye. But toll crossings are not a buyer's only bridge to profit this year, as London real estate prepares for the Olympics.
The Tigne Point development in Malta has sold 10 units in past 6 weeks as “astute investors look for a country with stability, a growing economy, good residency conditions and the ability to earn capital growth and repatriate funds easily”, James Vassallo, the company’s senior sales and marketing manager told OPP.
24, 2012 January:
Montenegro has rejected claims that Russians are dominating the country's property market. Recent reports suggested that 40 per cent of Montenegro's real estate is being purchased by Russian investors. Not so, contests one property expert, calling the figures "ludicrous" in a rare global real estate dispute.
23, 2012 January:
Florida is the most popular state for foreign property buyers, according to an infographic from Credit Sesame. Based on data from the National Association of Realtors, it shows that Florida accounts for 31 per cent of real estate transactions, with most buyers coming from Asia. Europe's role may increase, though, as Sweden highlights Florida's property as ripe for investment.
The United States should see “a significant recovery in the housing market” during 2012, Coldwell Banker Real Estate International chief executive officer Jim Gillespie told a conference this week in Louisiana.
Property located in one of north-east Brazil's beachside destinations is proving to be desirable among real estate investors.
Atlanta’s apartment sector continues to improve, but the recovery has been lopsided in the favor of upper-tier properties inside the Perimeter.
Asian investors accounted for £1.7 billion worth of transactions in central London’s office investment market during 2011, compared to £668 million in 2010, a 150% increase, according to Jones Lang LaSalle.
20, 2012 January:
As Europe struggles with debt, the future of global property is uncertain. Reports suggest market recoveries one week, financial slides the next, while some still believe that the world will end in December. How do you know what property to buy? To clear up the confusion, here are seven things that won't happen in 2012...
The real estate market in Paphos had the highest percentage of overseas buyers in 2011, according to new figures.
During the final three months of 2011, France recorded its highest commercial property transaction volume since the third quarter of 2007.
19, 2012 January:
Foreigners spent €3.6 billion on Spanish property last year, according to new figures. International buyers were keen to pick up cheap real estate in Spain, the Bank of Spain has revealed, as overseas investment in 2011 increased by 27 per cent compared to the previous year.
What are the difficulties of condo financing? Realtor Joe Bryson gives financial advice and answers common questions for condo buyers.
Overseas property investment consultancy Colordarcy has predicted that the Florida resort of Orlando will see the highest property price gains in America this year with values rising 11.7% against a national average improvement of just 2.1%.
London’s international property developers are putting together ever-bigger luxury apartments to meet the soaring demand from wealthy foreign investors.
Expats could pick up a cut-price property in Hong Kong if they are willing to buy haunted homes which are widely avoided by superstitious locals.
18, 2012 January:
Florida has flown to the top of TheMoveChannel.com's listings, according to the latest Investment Watch. The report, which ranks the monthly level of interest in the portal's listings, saw a two-bedroom condo attract the most enquiries at the end of 2011 as buy to let demand dominated December.
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 abolition of transfer fees will save buyers thousands of pounds off a new property in Cyprus under a change in Cypriot law.
17, 2012 January:
100,000 people will need homes in London every year until 2016, experts predict. To meet growing housing demand, architects have dreamed up a sky-high solution: a 1,500 metre tower with room for 100,000 people, despite new research revealing an "unhealthy correlation" between skyscrapers and financial crashes...
Sam Saggers, CEO of Positive Real Estate, discusses the Australian property market 2012 forecast.
People looking to invest in Brazil's property market have plenty of opportunity to do so, but must remain cautious, a developer has stated.
16, 2012 January:
Vegas set a new home sales record in 2011, the latest figures reveal. 48,186 homes were sold last year, with the state recording the highest number of property transactions in over a decade. As foreclosures filled up the market, investors began to gamble on Nevada's real estate in 2011. With 2012 expected to be equally strong, that bet is starting to pay off.
2011 is emerging as a record year for the German residential market. More than 220 large-scale residential portfolios were sold to international investment groups during the year versus 171 in 2010, the Patrizia Immobilien Group told OPP this week.
Andalucia's prime locations have seen an upturn in the fortunes of their property markets over the past year, it has been claimed.
Despite Dubai's construction and property markets experiencing significant difficulties during the recession in the United Arab Emirates (UAE), there are signs the industry is recovering.
Rightmove’s early indicators of housing market activity in 2012 show that interest in buying is strong despite the lack of mortgage finance, though the willingness or ability of new sellers to come to market remains weak.
The mass protests that have sent shock waves across Russia's political landscape over the last month appear to have fueled Russian activity in the U.S. luxury home market. The spike in interest builds on a trend that has steadily gained steam over the last few years.
13, 2012 January:
Large, well-financed institutional investors are starting to swoop on attractively priced opportunities in the depressed US home market, often taking on the development’s debt burden and relieving the bank or funding group of its liability.