News Archive: property markets

04, 2012 January:

Video - This month in US real estate (January 2012)

According to a national survey of real estate transactions, it takes about twelve weeks for the typical buyer to find their next home.

Genuine and sustained recovery in US home sales, says NAR

Existing home sales in the United States rose again in November and remain above a year ago, according to the latest figures from the National Association of Realtors.

UK’s most expensive streets are in London’s Kensington and Chelsea

Seven streets in the London borough of Kensington and Chelsea have the most expensive real estate in the UK, new research published today (Thursday 29 December) reveals.

French Riviera price falls see sales boom

The French Riviera luxury property suffered price falls of 5% last year, yet has seen sales surge by over 16% according to data from the EstateNetFrance.com Research Luxury Property Index.

Prime London property asking prices set new records

Asking prices for prime London property have hit new records, increasing 3.4% over one month and rising by £111,579 over a year after nine months of consecutive growth.

03, 2012 January:

Spain steps up tax as buyers snap up property

Spain is stepping up tax to tackle the country's deficit, but buyers are snapping up property regardless as price drops are predicted for 2012. Reports found that international sales surged by 24.7 per cent in the third quarter of 2011. With prices now expected to fall in Madrid, can Spain's financial plans take its housing market in a positive new direction for the New Year?

US remains top bet for real estate investment in 2012 but Brazil gains ground

The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked second, according to the latest annual survey by the Association of Foreign Investors in Real Estate (AFIRE).

Sales and prices increase in Miami area

Residential property sales in Miami have ended the year well up and prices of condos have risen for the fourth month in a row, according to figures from the Miami Association of Realtors.

US unprepared to house wave of gay retirees

At age 62, Donald Carter knows his arthritis and other age-related infirmities will not allow him to live indefinitely in his third-floor walk-up apartment in Philadelphia.

Britons inject 8.6 billion pounds of housing equity

Britons injected 8.6 billion pounds of equity into their homes between July and September, Bank of England data showed on Friday, highlighting the weak state of the housing market.

Pending home sales rise to year and a half high

The number of Americans who signed contracts to buy homes in November rose to the highest level in a year and a half.

Dubai land transactions rose 20pc in 2011

Dubai Land Department (DLD) has registered 35,297 transactions, including sales, mortgages, ijarah, mortgage portfolios, deferred sales and other transactions worth Dhs143bn last year, 20% higher in value than the 2010 records, Gulf News has reported.

22, 2011 December:

US existing home sales rise in November

US existing home sales rose 4% to 4.42 million on an annualised basis in November, according to the National Association of Realtors (NAR).

Canada edging towards a sellers market, according to real estate agents

Average residential property prices in Canada have increased 4.6% year on year last month, the smallest increase since January, according to the statistics from the Canadian Real Estate Association (CREA).

Increase in empty homes is blow to campaign

The number of empty homes in England rose by 12,000 in 2011, according to the annual Halifax Empty Homes survey.

Brazil housing market booming 'til 2017

Investors worried about an overheated Chinese housing market need only turn to Brazil. This real estate market has legs. And the recent five year real estate boom there has a good five more years before home values stop appreciating.

21, 2011 December:

US foreclosure filings drop 14pc year-on-year

US foreclosure filings declined last month according to a national data company as mortgage providers delayed evictions over the holiday period.

Cheeky house tour takes marketing to the next level

If this is what the housing bottom looks like, what's all the fuss about?

France tops the overseas property search league table as Spain declines

France has overtaken Spain as the most searched for location for British buyers looking to invest in a property overseas.

20, 2011 December:

Number of property millionaires rises while overall average prices fall

Britain's two-tier property market has never been clearer as the number of property millionaires grew over 2011 while average property values fell, according to property information website Zoopla.co.uk.

Residential land values are buzzing in Ottowa

Ottowa’s two biggest property transactions in 2011 were for two big-scale retirement developments and “while that asset class is likely to remain visible as the population ages,” Nico Zentil, a senior sales associate at CB Richard Ellis told OPP, “it's residential development land that's now grabbing investors' attention.”

Colordarcy shames the five worst property markets of 2011

“2011 will not go down in history as one of the more successful years for residential property investors,” Colordarcy managing director Loxley McKenzie told OPP this week. And to underline the point he has compiled a list of the 5-worst places in which to invest.

German housebuilding soars to record levels

German house-building permits have soared to a record this year as investors put their money into bricks and mortar as a hedge against inflation and the EU’s sovereign debt crisis.

Tens of thousands of new homes for London

The Mayor of London, Boris Johnson, has unveiled ambitious plans to deliver 55,000 new affordable homes by 2015 with the potential to create over 100,000 jobs over the next four years.

19, 2011 December:

Is Italy the top cat for property?

Earlier this month, the widow of an Italian property mogul passed away, leaving all of her real estate and financial assets to her pet cat. Four year old Tommaso inherited €10 million and an empire of Rome flats and houses, but he is not the only happy homeowner in the country, as agents say the Italian property market is the busiest it has been for four years.

UK house prices drop as 2012 looks "uncertain"

UK house prices fell by 2.7 per cent in December, according to the latest House Price Index from Rightmove.

Spanish developer QSD nets best sales figures for three years

Spanish developer QSD International Group has just had its best November sales figures for 3 years, says sales director Andrew Barclay Guy, mainly as a result of the decision by the Spanish government to reduce VAT on new home sales until the end of this year.

London agents running out of houses to sell

A dearth of new instructions has plunged stock levels to ‘perilous' lows right across central London, and right across the capital there has been a ‘massive' drop in new instructions.

China to continue property curbs into next year

China will retain stringent property legislation into the New Year in order to bring house prices back down to a “reasonable level” according to the country’s official Xinhua news agency.

Second-time buyers are 'stuck' in their homes

Next-time buyers are having it even tougher than first-time buyers, says a new report from Lloyds TSB. It says that the housing market has become the most unaffordable for ‘second-steppers' in 24 years.

Dubai facing further trouble as sales could crash 10pc

Analysts continue to worry that Dubai's housing market could experience further delays in its recovery path and that sales volumes could crash by another 10%, as the city state faces a slowdown as a result of the global financial situation and the European sovereign debt crisis.

UK first time buyers must act quickly to avoid paying stamp duty

With only three months of the stamp duty ‘tax holiday' remaining, first time buyers must act quickly to avoid paying Stamp Duty Land Tax on their home purchase, the National Association of Estate Agents has warned.

Rents dip in run-up to Christmas

Rents dipped for the first time in ten months, according to the latest Buy-to-Let Index from LSL Property Services plc.

16, 2011 December:

Have yourself a very Spanish Christmas

One thing is guaranteed if you spend Christmas in Spain - it is going to be considerably cheaper for Mum and Dad than it would be in the UK.

Florida, Arizona and Nevada lead the way for overseas interest

US-based website www.point2.com, which provides real estate marketing and lead management software to residential agents worldwide, revealed this week that property in Florida has emerged as the leading attraction for buyers from abroad searching on its site.

Home buyers move to city centres as recession bites

Buyers are turning away from village life and opting for the hustle and bustle of town centres as the recession grips.

15, 2011 December:

European ski property market continues to grow

The demand for ski chalets in Europe is increasing despite the Eurozone's financial problems.

Istanbul property 'rivals markets in London and Paris'

The property market in Istanbul is in a position to "compete in every sense" with the likes of London and Paris, it has been claimed.

Hong Kong needs fiscal stimulus plan says IMF

Hong Kong needs to start preparing a “significant and immediate" fiscal stimulus plan if the worsening European debt crisis threatens to drive the city into recession, the International Monetary Fund announced this week, with the residential property market spearheading any policy changes.

Lending for Spanish house purchases fell by 39pc in October

New loans granted by banks for house purchases in October fell 39% over the same month of 2010 and amounted to 2,745 million euros compared to 4,484 million euros in the same period of last year, according to provisional data published by the Bank of Spain.

14, 2011 December:

London price growth forecasts on target as supply levels remain low

Prime Central London property prices rose by 7.9% in 2011, recording a 1.1% increase in Q4 with prices now 2.48% below the market peak of Q3 2007, reports property consultants Cluttons in its London View: Winter 2011. This growth is in line with Cluttons' end of year forecast of 8%.

Buyer demand for property in the UK rose in November - RICS

Buyer demand for property in the UK rose during November, but economic uncertainty continues to hold the market back from any meaningful recovery, says the latest RICS UK Housing Market survey.

US market showing signs of revival, say experts

The American residential market is starting to show signs of a revival say industry experts.

Remotest home in Britain goes up for sale

A remote home on a peninsula dubbed Britain’s “last great wilderness” can be yours for £200,000.

Million-pound house numbers rise 11% in UK

There was an 11% year-on-year increase in the number of million pound properties on the UK market during the third quarter of this year says a new piece of research from Investec Specialist Private Bank.

13, 2011 December:

Squatters seize $8m in homes

Squatters seized over $8m worth of property in Texas this year. One claimed a house left by his dead neighbour. Another took over a $2.7m mansion, prompting authorities to ask the attorney general to intervene. Using legal loopholes, squatters are seizing more opportunities to "liberate" empty homes as a form of protest, social outreach or even buy-to-let investment.

09, 2011 December:

Hong Kong sales creep up but still way down on 2010

Hong Kong’s monthly residential property transactions rose slightly in November compared to October, but are still down more than 60% on a year-on-year basis according to the city-state’s Land Registry.

Engel & Völkers unveils new flagship on French Riviera

The giant German overseas property agency franchise Engel & Völkers has opened up a new flagship store in Cannes on the French Riviera as prices in “prime locations reach new highs,” says the company.

Spanish bank stuck with 30bn in unsellable property

According to a recent report from a risk adviser to Banco Santander SA (SAN) and five other lenders, Spanish banks are currently holding 30 billion Euros worth of property that they can’t sell.

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