News Archive: property markets

08, 2011 December:

California Realtors launch Spanish-language real estate search site

The California Association of Realtors has launched a consumer-facing website for Spanish speakers looking for California real estate, the association has announced.

Indian developers facing mountain of debt

Developers in India are facing mounting debt as borrowing costs fly past 20%, eating into profits.

Oz residential prices plummet at increasing rate

Australian house prices are falling at an accelerating rate according to figures out this week from RP Data-Rismark.

07, 2011 December:

Top of the Props: US ends Spain’s property reign

The reign of Spain has been ended by America, according to the latest Top of the Props report from TheMoveChannel.com. Spanish property used to be the favourite for buyers, with the sunny Costas attracting swarms of house hunters, but a 7 percent surge in enquiries has seen the US upset the market's established order to become the most popular destination in November.

Southern Germany city sees overseas demand surge

More than 7 out of 10 property enquiries in the city of Lindau in southern Germany are from overseas property buyers says local agency.

Channel 4 launches campaign on "property scandal"

Channel 4 is launching a special season of property programmes with a difference this week anchored by some of its best-known presenters.

Toronto housing market still on fire

The country’s largest housing market continues to post double digit year over year price increases — likely meaning the national average will get a boost when the figure is released by the Canadian Real Estate Association on Dec. 15.

06, 2011 December:

Pre-1919 homes outperform the market

UK homes built before 1919 have seen the largest surge in price over the past 25 years, according to new research from Halifax.

Madrid sees positive increase in residential construction

New building permits issued for residential construction increased by 24.55% in the Community of Madrid from January through to September, according to the Ministry of Development, and which has been confirmed by the regional government.

November sales up 1.4pc year on year

The number of properties putting up “sold” boards has risen 1.4% in November 2011 compared to November 2010, says Agency Express.

05, 2011 December:

Portugal price drops prove positive for buy to let

Portugal's property market has been suffering for some time. House prices and sales volumes continue to decrease and confidence in the country's economy is low. But this downward spiral has prompted a surprise surge in demand - from buy to let investors.

Global housing markets struggling

The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.

Housing developers 'showing more caution' in Thailand

Developers in the Thai real estate industry are exhibiting a greater degree of caution in their investments, it has been claimed.

Saudi 'in need of another 973,000 homes'

Saudi Arabia will need an additional 973,000 housing units by 2015 and a total of 2.1 million units over the coming decade (215,000 units per year), said a new report by NCB Capital, Saudi Arabia’s leading wealth manager.

Record number of US homes in foreclosure

The foreclosure pipeline has never been more crammed, with lenders attempting to push 2.2 million homes through the process as of the end of October, according to a monthly report issued today by Lender Processing Services Inc.

Property ‘safe as houses’ for 2012 say two-thirds of home-movers

Rightmove’s latest Consumer Price Forecast reveals that the majority of prospective home-movers do not expect house prices to be lower by the end of 2012, despite the on-going economic gloom at home and abroad.

02, 2011 December:

No rain in Spain with 8pc increase In tourism and positive property sales

Spain has enjoyed a much improved year in terms of tourism levels welcoming 50.9 million visitors in the first 10 months of 2011, an 8pc increase on the same period last year. In fact, Spain has shown no signs of slowing down with around 5.1 million arrivals entering the country last month.

More than £3bn worth of homes sold in Scotland in 9 months

Over 17,000 Scottish properties with a combined value of over £3 billion were sold in the 9 months to the end of September 2011, according to the latest figures collected by the Solicitors Property Centres (SPC) in Scotland.

Housing market to pick-up in 2013, says OBR

Housing market activity will surge in 2013 after a stagnant few years, according to forecasts from the Office for Budget Responsibility (OBR).

01, 2011 December:

Porsche car elevator gives US property a lift

A new apartment block designed by Porsche is giving US property a lift - with a robotic arm. The luxury car group is building a Florida complex with a lift that will carry residents' cars right to the top floor. Flats could cost up to $9m, but the Porsche project is accelerating just as mortgage rates hit the brakes, making US homes the most affordable in 15 years.

Deputies refuse to evict 103 year old from home

As the foreclosure machine rumbles on, many Americans continue to lose homes that they have lived in for decades. A 103-year-old and her 83-year-old daughter living in Atlanta looked poised to suffer that fate Tuesday when they were scheduled to be evicted from their home of 53 years. But an act of compassion has left them holding on.

Further deterioration in Portuguese property sales but rental market more resilient

There was a further deterioration in demand, supply and confidence in the Portuguese property in October but the rental sector is proving more resilient.

US commercial real estate market expected to improve in 2012

Commercial real estate markets in the United States have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the National Association of Realtors.

Global supply of distressed property expected to rise

The global supply of distressed property is expected to rise in Q4 2011, according to property professionals in key real estate markets.

England's housing stock rises by just 121,000

England's stock of homes has risen by the smallest amount for at least 20 years, according to new figures released by the Department for Communities and Local Government (DCLG).

30, 2011 November:

France still one of world's top 10

France is still among the world's top 10 country brands, demonstrating resilience in the face of Eurozone challenges, according to the 2011 FutureBrand Country Brand Index (CBI). The index ranked France first for familiarity, as buyers get their skates on for French Alps property.

Osborne ends Stamp Duty holiday for first-time buyers

The Stamp Duty holiday for first-time buyers will not be extended and will end on March 2012, George Osborne announced today.

Analysts predict Singapore private property prices to fall up to 26pc in coming years

Singapore’s residential property market is set for a significant downturn in the next three years and prices are expected to fall, it is claimed.

French expats buying more property than Brits

British buyers in France still lag behind expat French property investors in absolute numbers, according to a report produced by Credit Foncier.

Spanish house sales fall to record low since 2005

Home sales fell 31.9% in the third quarter of 2011 over the same period of 2010, accounting for 84,852 transactions, and representing the lowest figures recorded by the Association of Property Registrars since 2005.

New laws will boost Abu Dhabi home sales

The Abu Dahbi residential market is poised for major growth as overseas and domestic buyers gain more and more confidence from the city’s new property laws and regulations says Ozone Real Estate, an international broker group based in the United Arab Emirates (UAE).

Canada’s real estate now more affordable, study says

Homes in Canada became a bit more affordable in the third quarter of 2011, according to a new report by RBC. Most parts of Canada saw a decrease in housing costs, with Vancouver being the one exception.

Fuerteventura development hits record-breaking sales

Canary Islands developer GoldAcre Estates has had a record-breaking sales year at its Miramar residential development in Caleta de Fuste on Fuerteventura, the second largest island in the Canary Islands archipelago.

South African voluntary distressed house sales grew in the third quarter

South African Banks' voluntary sales programmes for defaulting debtors are growing throughout the country as distressed homeowners and financial institutions continue to seek alternatives to legal foreclosure, and home buyers increasingly opt for the significant discounts that come with these sales.

29, 2011 November:

Expats in India on the up

India’s expat population is increasing, as people head away from the Euro to shake off their EU blues. 40,000 expats are currently working in India’s industries, and that number is on the up. 20 per cent more expats are now applying for jobs with Indian headhunters, according to reports, while in the business district of Chennai, house prices are rising as demand increases.

Iceland rejects Chinese billion-kroner land grab

Iceland has rejected a Chinese billionaire’s bid to purchase 120 square miles of land for an environmental tourism project – equivalent to 0.3% of the country’s landmass – because it could not bear to part with such a vast amount of space.

First-time buyers rarely seen, say estate agents

First-time buyers are "rarely seen", estate agents say, with their share of the UK housing market having fallen to a three-year low.

UK residential property market will see growth in some regions in 2012

National house price growth in the UK could reach 3% in 2012 but there will be wide regional variations, it is predicted.

28, 2011 November:

2011 property sales will be lowest in 40 years

This year is set to register the lowest level of property sales in 40 years, according to Hometrack. In its latest national housing survey, the firm says it forecasts 840,000 sales for 2011 and expects this trend of low transaction levels to continue into 2012.

Contract cancellations' surge holds back US sales numbers

The United States is seeing an improvement in its sales figures despite contract failures dramatically rising according to the National Association of Realtors (NAR).

Foreclosures set to rise as euro woes continue: RICS

The global supply of distressed property is set to rise through to the end of the year as economic turmoil in the Eurozone lingers, according to RICS' latest Global Distressed Property Monitor.

Dublin market bottoms as landmark development goes on sale

Savills has announced the sale of one of Dublin’s most best-known luxury residential developments, The Alliance, on behalf of its receivers Grant Thornton as the market in the Irish capital shows signs of bottoming.

Canadian prices are overshooting

Overseas property prices in Canada are overheating and local experts are beginning to worry about the market moving from boom to bust.

25, 2011 November:

Global prime property markets prices predicted to fall in 2012

After two years of growth the heat is starting to come out of the world's prime residential markets, particularly in Asia, according to the results of the latest Knight Frank Prime Global Forecast.

St Lucia named by Telegraph as property safe haven

The spectacular Caribbean island of St Lucia, renowned worldwide for its idyllic beaches, relaxed lifestyle and crystal-clear waters, has recently been named by the Telegraph as an overseas property safe haven.

Irish property prices down 15.1% year on year, latest figures show

The depth of the crisis in the residential property market in Ireland is revealed in the latest figures from the Bureau of Statistics which show prices have fallen by 15.1% in the last year.

Video - Where next for the eurozone?

Azad Zangana, European economist at Schroders, discusses the importance of a successful eurozone to the UK economy and whether breaking up the single currency is the answer to the ongoing crisis.

24, 2011 November:

Detroit mum swaps house for car

A mother in Detroit has offered to swap her house for a car. 36-year-old LaWanda Flake listed her four-bedroom property on Craigslist, proposing a straight swap for any drivers in search of a home. It sounds crazy, but it actually makes a lot of sense, as many US houses are now cheaper than cars in a market full of foreclosures.

Brits account for 1 in 6 Turkish properties sold to foreign buyers

Recent findings have shown that around 1 in 6 Turkish properties sold to foreign buyers were bought by Brits in the last two months.

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