News Archive: property markets

09, 2012 February:

Cyprus property sales jump 97 per cent

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?

Overseas investors 'looking for deals in up-and-coming Paris districts'

International property investors are increasingly targeting up-and-coming districts in Paris in order to find the best opportunities.

Realistic approach to rents is vital in 2012, reveals Belvoir index

A realistic approach to rents is vital in the year ahead, says Belvoir MD Dorian Gonsalves. The monthly index report for 2011 produced by Belvoir Lettings, the specialist residential lettings agency, shows that contrary to many reports in the national press, many regions have not recovered to the levels of rent achieved in 2008.

Video - How the housing market could shape the 2012 election

A new Standard & Poor’s Case-Shiller Home Price Index showed U.S. home prices fell for a third straight month in two Florida cities, Miami and Tampa. Jeffrey Brown discusses the housing market’s role this election season with The Wall Street Journal’s Arian Campo-Flores and Jed Kolko of the real estate website Trulia.

Homes in foreclosure decline by 130,000

Slowly, but surely, the foreclosure crisis seems to be abating.

Wealthy pouncing on prime Spanish properties as Murcia and Alicante struggle says Lucas Fox

Prime properties in good locations should help the Spanish market begin to show some “positive signs,” international agency group Lucas Fox told OPP this week.

08, 2012 February:

Infographic: Spain - At a Glance

The most popular area of Spain for property is the Community of Valencia, according to the latest At a Glance infographic from TheMoveChannel.com. The infographic, which is based upon the enquiries received by the property portal in the last 12 months, shows that buyers scour South-East Spain for real estate, with Valencia attracting 32.24 per cent of all enquiries.

BBC shuns glamour to report on Olympics from council block

The BBC's star-studded coverage of the Olympics will take place from the roof of a council block – which will be demolished soon after the last gold medal has been handed out.

Bank of America Plaza to Sell at Foreclosure Auction

In today's post-bubble housing market, it's not uncommon for landmark buildings to fall into foreclosure. But this Atlanta tower is noteworthy for two reasons – it's the tallest skyscraper in the Southeast, and its sale smacks of irony.

Singapore faces 10pc price crash

Singapore’s leading residential property developers are increasingly gloomy about the outlook for the city’s 2012 real estate market, with some analysts predicting that prices could fall by as much as 10%.

07, 2012 February:

Investment in German residential property portfolios surges

Transaction volumes across German residential property portfolios of more than 50 units increased by 44% year on year to €6.12 billion in 2011, new research from CBRE has revealed.

Charles Dickens house hits the market

How do you celebrate the 200th birthday of Charles Dickens? One way is to buy his old house. Winterbourne Country House on the Isle of Wight was home to the author in 1849 and has hit the market just in time for his bicentenary. Dickens, who was born 200 years ago today, lived there while writing David Copperfield and desribed it as "the prettiest place I ever saw".

No upturn in 2012 as UAE market continues to decline

Housing analysts in the UAE reported this week that the housing market there will continue to decline as the region goes on suffering from too much supply.

W Retreat's Koh Samui Residences sell out in 2 months

All four of the luxury beach-front properties at The Residences at W Retreat on the Thai island resort of Koh Samui have sold out within two months of the development’s launch in Hong Kong.

First-time buyer applicants surge 'through the roof'

A chain of estate agents claims it is seeing a last-minute surge of interest from first-time buyers looking to buy before the end of the Stamp Duty holiday in March.

Fire at multi-million pound Mayfair home

More than 100 firefighters fought to extinguish a massive fire at a £20 million property in one of Britain's most exclusive districts.

06, 2012 February:

Demand for prime office properties in Dublin expected to be high in 2012

Lettings activity showed an increase of 25% in 2011 in Dublin, compared to 2010, causing vacancy to reduce from 23% to 21.6%, according to Savills latest office report.

Property investment activity dips in Romania

There has been a decline in the level of investment flowing into the Romanian commercial property sector in 2011.

Sale and rent back market shut down by FSA

The Financial Services Authority (FSA) has shut down the sale and rent back market after concluding that most deals were unsuitable and should never have been sold.

Most Brits confident about the UK property market, research finds

More people in the UK expect house prices to rise than fall in 2012, according to the third Halifax Housing Market Confidence Tracker that monitors public sentiment towards the housing market.

Lack of first-time sellers hits FTBs

A shortage of ‘first-time sellers’ means that the number of terrace homes and flats being put up for sale are down 31% and 28% on the third quarter of last year, Rightmove said this morning.

London new build property "driven almost exclusively by international buyers"

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.

Condos attracting a lot of buyers in the Philippines, according to consultants

Property investors, many of them from overseas, are continuing to buy in the Philippines despite rising prices, experts point out.

Kuala Lumpur prices crash 5.6pc says Knight Frank index

Residential prices in Kuala Lumpur crashed by 5.6% year-on-year in 2011 according to the latest Knight Frank Prime Global Cities Index. The Malaysian capital city was ranked 20th out of 23 locations surveyed, based on its annual rate of decline in home values.

Video - Dubai housing market bottoms out, set for growth

According to property advisory firm Jones Lang LaSalle, Dubai’s residential market bottomed out in 2011, making way for growth this year.

03, 2012 February:

Fewer Chinese and more Russians buying property in central London

The number of European Union and Chinese buyers of prime central London property declined over the course of last year while the number of purchasers from the UK and Russia grew, according to the latest report from Hamptons International.

Las Vegas real estate market starts 2012 on 10-year high

Las vegas homes for sale becoming most recognized choice among global investors as the risk of deeper recession in Europe emerges. LasVegasRealEstate.org reports 10% of home sales are foreign and out-of-state buyers taking advantage of the #1 city in America for real estate investing with a current medium home price of $124K.

Sales via Scottish solicitors exceed £4billion in 2011

22,537 homes were sold in 2011 through solicitor estate agents, with a combined value of £4billion based on figures released by Solicitors Property Centres (SPC) Scotland.

02, 2012 February:

Video - This month in US real estate (February)

The monthly review of the American property market from Keller Williams Realty International, plus advice on how buyers can improve their credit score.

Three fifths believe it’s a buyer’s market

Three fifths of homemovers believe that housing is currently a buyer’s market, research from Rightmove reveals.

Affordable housing output in London expected to fall

Despite a severe shortage of affordable homes in London, construction activity in the affordable housing sector in the capital is expected to fall, once the Olympics development is over, according to a new report from Drivers Jonas Deloitte.

Selling distressed property 'important for South African market recovery'

Quickening the process of selling distressed real estate assets in South Africa is vital if the country's property market is to recover.

01, 2012 February:

Top of the Props: Cape Verde catapults back into top 10

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.

St Moritz swarming with overseas buyers says Engel & Völkers

Property prices in the exclusive ski resort of St. Moritz are booming with overseas investors driving 90% of all activity, property agency Engel & Völkers told OPP this week.

New home sales fall again in the US

New single family home sales in the United States fell 2.2% to an annual rate of 307,000 in December from 314,000 a month earlier, according to the latest data from the Commerce Department.

31, 2012 January:

Ground zero skyscraper to stop at seven floors?

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.

Girona proving to be one of Spain’s better performing property markets

Girona has been named one of Spain's best performing real estate markets thanks to a variety of unique assets, according to an independent market research study based in Madrid.

Santander detects greater optimism about buying

A survey by Santander says one in 12 of us (eight per cent) are likely to buy a new home this year.

Olympics set to make property market slightly less gloomy

House prices have failed to record any monthly increase for a year-and-a-half, with the pressure on household budgets and the weak economy expected to push them down even further, a study from property analyst Hometrack has found.

Landmark 2011 for Philippine property market

2011 was a landmark year for the Philippine overseas property sector according to a report this week from the country’s BusinessMirror.

Malaysia set for 2012 price increases says REHDA

Malaysia’s leading property developers believe that residential prices in the country will increase over the coming 12 months, according to a report out this week from the Real Estate Housing Developers' Association Malaysia (REHDA).

Latest Land Registry data shows property prices stagnant in 2011 in England and Wales

Average residential property prices in England and Wales remained unchanged from November to December, the latest House Price Index from the Land Registry shows.

30, 2012 January:

Generational divide causing property market inertia

A generational divide in the UK property market is likely to cause housing stagnation in 2012, with young people unable to buy and older homeowners unwilling to sell, according to HSBC.

Obama administration expands foreclosure prevention program

The Obama administration is taking another swing at improving its main foreclosure prevention program.

Iranians surge into Dubai property market

Dubai is seeing a surge of Iranian investors looking to safeguard their assets according to local professionals.

Is now a good time to buy Panama property?

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.

Pending home sales in the US slowed in December, latest data shows

After reaching a 19 month high, pending home sales in the United States eased in December but stayed above year ago levels, according to the latest figures from the National Association of Realtors.

As Floridians prepare to vote in GOP primary, economy and housing top list

After policing the slushy Pennsylvania streets for 30 winters, Steve Dougherty decided the only slush he ever wanted to see again was in a frozen cocktail poolside.

Greece: House prices set for a decline of some 15 pct

Prices in the residential property market are expected to fall by 15 percent this year, while the decline could prove even greater if the country’s financial situation worsens.

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