News Archive: property markets
15, 2011 September:
New data released on Wednesday from Realtor.com show that median list prices for single family homes, condominiums, townhouses and co-ops have surged within the last year in Florida, one of the states hit earliest and hardest by the housing market crash.
USA property buyers now have the chance to purchase the New York penthouse which former IMF chief Dominic Strauss-Kahn used during his period of house arrest.
Although figures from the Land Registries across Cyprus reveal that the number of properties sold fell for the fourteenth consecutive month during August, the rate of the fall appears to be slowing.
14, 2011 September:
Tourist arrivals in Brazil increased by 18.8 per cent in the first half of 2011, according to the World Tourism Organisation. As global international tourism grows by almost 5 per cent this year, Brazil welcomed a total of 4,351,081 people, boosting the country's already bulging housing demand.
Scotland's million-pound-plus property market is bucking the trend as wealthy foreign buyers snap up prime residential homes across the country.
Real estate in the Canary and Balearic Islands has experienced much lower price drops than in other parts of Spain, it has been noted.
Sal is proving to be one of the most popular islands among investors seeking a house in Cape Verde, a local expert has claimed.
The commercial office property market in Bangkok is beginning to see a move forward and growth in demand and rent.
The residential real estate market in Hawaii "continues to be quite soft, with fluctuating sales volumes and no recovery yet in prices," but will recover in 2012.
The Association of Bay Area Governments and the Metropolitan Transportation Commission modified the proposed demands for future development in Palo Alto, with the result still unrealistic and unreasonable.
Real estate company Century21 Qatar has said that real estate transactions in the Gulf state dropped by 6% in August.
13, 2011 September:
Florida has a novel way to keep the housing market moving: a bus that takes real estate investors on a tour of the best deals. The Foreclosure Express Bus departs once a month on Saturdays for a four-hour tour around Florida’s foreclosures, encouraging buyers to hop off when a bargain property catches their eye.
Foreign direct investment into Istanbul increased by an impressive 27% this year meaning Istanbul is now one of the most popular property hotspots in the world.
The Egyptian government is seeking to settle disputes over the price of land and other issues with foreign and local real estate investors in a bid to rebuild confidence in the country’s property market.
Dubai is one of the worst performing real estate markets in the world but the rate of price decline is slowing, according to a new global property report.
Farmland prices in England have increased a further 2% since 30 June, bringing the total price increase so far this year to 10%, according to the latest data from Smiths Gore.
12, 2011 September:
Millions of euros are being invested in the Alps as two rival developers race to meet the growing demand for property. The skiing region has always been popular with homebuyers, but increasing demand has prompted a shower of new developments on the slopes, with one company rushing to finish construction in time for next year.
President Obama's new jobs-creation plan all but ignores what many economists see as the single biggest problem in the stalling economy: the continuing depression in the housing market.
Bargain hunting Brits have shot to the top of the property buyers’ league in Spain after years trailing behind Scandinavians and Russians in the race to secure “the best deals for a decade”.
The latest Government figures on statutory homelessness in England show that the number of people applying to councils for help with housing has increased by 14% in the last year.
These days, there seems to be no shortage of depressing housing news. As you might expect, this has led to some great home-buying opportunities.
09, 2011 September:
Property prices in Paris and the surrounding area increased by 22.5 per cent over the last year, according to new figures published on Thursday.
An increasing number of foreigners living in the Thai capital are turning their attention to properties at the lower and middle end of the market, it has been noted.
Latest figures from unbiased.co.uk's Advice Drivers report found that first time buyer mortgage inquiries hit a 16-month high, triggering 41% of the searches in August, rising from 38% in July.
08, 2011 September:
Residential mortgage valuation activity was virtually unaffected by the usual August slowdown, according to the latest Housing Market Activity Report by Connells Survey and Valuation.
The residential property market in New Zealand is now showing all the signs of gearing up for a much stronger Spring season than has been seen for a number of years, according to the latest NZ property report.
07, 2011 September:
Cape Verde has climbed into the top ten in the latest Top of the Props report from TheMoveChannel.com, bringing a fresh-faced rival to a league of hardened competitors. In August, Cape Verde attracted 2.94 per cent of all enquiries on the overseas property portal, making it the ninth most popular property destination in the world.
The French Riviera and Monaco property market has received a boost after new figures revealed an increase in sales and a stabilisation in prices.
06, 2011 September:
Japanese property is regaining interest from foreign investors as the country continues its rehabilitation following March’s tsunami, according to the Association for Real Estate Securitasation.
The luxury property market in Bangkok was broadly static during the second quarter of the year, new figures show.
Whilst many reports indicate that the residential property market in Scotland is still experiencing a downturn, there are ‘hot spots’ in the market which are bucking the trend according to one of Scotland’s leading property consultants, CKD Galbraith.
02, 2011 September:
The office market in Madrid's central business district (CBD) is showing signs of recovery, the latest research from Savills has revealed.
01, 2011 September:
British buyers are the top investors in Turkey, owning almost 25,000 properties across the country. The Land Registry Directorate's Foreigner Affairs Unit has announced that British buyers now account for 22 per cent of all property purchases by foreigners in Turkey.
Memphis in the United States is coming onto the radar of overseas property buyers as a new, cheap and profit-making investment opportunity, according to a local real estate firm.
Building new homes to greener, low-carbon standards is getting cheaper every year, according to a new Government report.
Results published today by specialist letting agents’ service provider Endsleigh reveals that twice the number of people in the UK are renting in comparison to owning their own home.
31, 2011 August:
The two companies that purchased 1,439 homes in London’s Olympic Park may sell as much as a fifth of the properties to overseas investors, according to two people with knowledge of the situation.
Regional cities in the UK are starting to outperform London as places like Sheffield, Bristol, Cardiff and Manchester see prices for top end properties increase.
Spain’s luxury residential market is showing some resilience as Eastern European and non-mortgage buyers surge into the market, according to new research.
Portugal’s property market is showing signs of slight improvement despite overall figures remaining poor, according the latest Royal Institution of Chartered Surveyors (RICS)/Ci Portuguese Housing Market survey.
30, 2011 August:
Cape Town is proving popular with overseas property hunters, especially Brits, according to reports from Cluttons South Africa.
Figures compiled from the UK's leading house builders have revealed that they have enough land to build 617,724 homes.
Home ownership in England will fall to 63.8 per cent in 2021, according to the National Housing Federation – the lowest level since the mid-Eighties.
26, 2011 August:
Rising rents have forced more than 100,000 more renters into the flatshare market over the last year, according to the latest research.
Construction and land promotion group Henry Boot said it is well placed to meet what it believes will be inevitable growth in the UK’s housing market, as it reported six months of growing profits and revenues.
Chinese buyers are the main buyers of private homes in Singapore after domestic buyers, according to figures for the second quarter of 2011.
The number of sales of bank-owned U.S. homes remained high in the second quarter, while sales of homes in default or scheduled for auction rose compared to the previous quarter, a RealtyTrac report said on Thursday.
25, 2011 August:
It has taken five years but a group of determined expats have finally won a courtroom showdown with the Spanish developers who left their homes surrounded by an abandoned building site rather than the promised five-star facilities.
Former Labour cabinet minister Lord Mandelson has tabled an offer for an £8 million house in an exclusive part of London, it has been reported.