News Archive: property markets

11, 2011 November:

MPs condemn basement conversions from hell

Two MPs from opposing parties have joined forces to condemn a wave of basement conversions that are making life hell for residents in up-market areas of London.

Video: Home prices falling in China’s top cities

Weekly data released on Monday showed house prices were flat, or falling, in China’s most popular cities. It adds to circumstantial evidence that developers are slashing prices to clear their stock.

10, 2011 November:

Investors bet on Las Vegas recovery

Investors are betting on Las Vegas property, as market activity suggests that the tables are turning. The city previously led America's housing collapse but for many overseas buyers, Las Vegas real estate is a gamble worth taking, as new jobs and rising house sales put the investment odds in their favour.

Malaysia's high-end market set to suffer next year says DTZ

The Malaysian luxury market is starting to go soft say local agents as demand levels off and the global economic situation worsens.

Vendors' price reductions sees French Riviera sales surge

Sales volumes on The French Riviera are up by 9% because vendors are adjusting their prices down by nearly 4% in order to get a quick sale.

Romanian real estate market 'changing'

Many of those involved in the Romanian property sector are unsure of what to expect over the coming years.

New Chinese overseas portal claims 100,000 visitors since launch

LuckyWu.com, a business that claims to be the first dedicated overseas property portal for the Chinese buyer market has racked up 100,000 visitors in its first six weeks of trading according to the company’s managing director.

09, 2011 November:

China housing market close to turning point

The continued tightening measures of the government and the poor autumn sales volume have forced Chinese property developers to cut housing prices nationwide, which indicates that the market is moving closer to a turning point.

US property market on track to hit bottom in early 2012, it is predicted

The housing market in the United States could be nearing bottom as despite recent economic turmoil, property values remained almost unchanged from the second quarter to the third quarter of 2011.

Canadian housing starts ease but beat expectations

Canadian housing starts slipped in October, but came in higher than expectations, as low interest rates and condominium building helped offset the impact of negative global economic news.

FirstBuy scheme boosts home-ownership hopes

45 per cent of potential first-time buyers state they are now more likely to get on the housing ladder thanks to the Government’s FirstBuy scheme, according to new research from Rightmove.

Increased activity in UK property market reported in October

The UK residential property market saw an increase in activity during October, as sales levels rose, and demand edged up, according to the latest report from the Royal Institution of Chartered Surveyors published today (Tuesday 08 November).

Video: South Australian real estate market report – November 2011

Raine & Horne South Australia CEO Kevin Magee provides the latest monthly update of the South Australian property market.

08, 2011 November:

Cuba's property revolution arrives

Cuba's property revolution has arrived, as the country allows the buying and selling of homes for the first time. New laws, which come into effect on Thursday, will officially create a Cuban property market, letting residents exchange, donate and sell real estate after years of bartering and swapping homes in illegal street markets.

Villa demand surges to buck Dubai's sales crash

Dubai housing sales have plummeted 45 per cent year-on-year according to CB Richard Ellis as oversupply continues to bite.

Turkey voted Frommers favourite for 2012

Amongst a list of 10 destinations compiled by Frommers, Turkey was announced as the reader's top destination to visit in 2012, despite being up against strong contenders such as Paris, Italy and Hawaii.

Mallorca expects “continual improvement” in 2012 after exceptionally good year

Mallorca Sotheby's International Realty Market Report has been published this week, and Stephen Dight, Managing Director, reflects on an "exceptionally good" 2011 and looks forward to "continual improvement" next year:

London and the South East revealed as the UK’s hotspots for subsidence

London and the South East suffer more from subsidence than the rest of the country because the soil in these regions contains more clay, which is particularly sensitive to changes in moisture, a new report reveals.

07, 2011 November:

Is Moscow the best city in Europe for real estate?

Moscow has replaced London as the best city in Europe for real estate investment, according to a new report. The annual European Regional Economic Growth Index from LaSalle Investment Management saw Russia's capital take the top spot from the UK city, which fell down to second place.

Cyprus property sales down 21 percent in October

The Cyprus property market shrank by 21 per cent in October compared with October 2010 and the number of sales recorded so far this year are down by more that 11 per cent on the number sold in 2009, the year the market collapsed.

Weak rand moves RSA up on overseas buyers' shopping list

South Africa is returning to the radar of overseas property buyers as the Rand becomes devalued significantly against other countries.

India faces sales crisis as buys slump

India’s major cities are facing a sales crisis after CB Richard Ellis reported a 10-15 per cent drop in residential purchases across major urban areas in the country due to rising home loan rates.

04, 2011 November:

No date yet being given for new three year property visa in the UAE

There is not date for real estate owners in the United Arab Emirates to be granted a three year residency visa if their property is worth more than AED1 million, it has been confirmed.

03, 2011 November:

Is Australia losing expat appeal?

Australia is a popular destination for many British expats. Well-known for its high quality of life and boasting Melbourne, the World's Most Liveable City, Brits have been heading to Oz for years. But now an increasing number are returning to the UK. As Norway jumps above Down Under in the UN's index of best places to live, has Australia lost its expat appeal?

Hajj pilgrimage brings boon to Mecca homeowners

The annual Islamic hajj brings Meccans the opportunity to cash in on the influx of pilgrims, tempting homeowners to move out and rent their houses for handsome returns.

£1m+ sales fall in Prime Central London whilst rents soar

Here Richard Barber and Lucy Morton from independent estate agency W A Ellis comment on the October Prime Central London property market

Spain’s orange groves produce best property bargains

The Costa Blanca’s Orange Blossom County is currently producing the best value holiday homes alongside its traditional citrus, dates, artichokes and pomegranates...

Video: Continued flooding wreaks havoc on Thai economy

The Bank of Thailand (BoT) lowered its Gross Domestic Product (GDP) growth projection for 2011, significantly owing to the widespread flood in upper part of the country, Mass Communication of Thailand (MCOT) reported.

02, 2011 November:

Top of the Props: America surprise second choice for buyers

America is now the second most popular overseas property destination in the world, according to the latest Top of the Props report from TheMoveChannel.com. After a long-running battle between France and Spain at the top of the chart, the US has unexpectedly turned the two-horse race into a three-way competition, becoming the surprise second favourite for buyers in October.

35,000 face loss of home by Christmas, says Shelter

Homelessness charity Shelter warns that 630 people a day are receiving letters warning they could lose their home due to repossession, rent increases and sub-standard houses

New Zealand property asking prices soar in October

Asking prices for New Zealand residential properties hit an all-time high last month, says real estate listings website Realestate.co.nz.

Disappointment as US home sales fall again in September

Pending residential property sales in the United States declined in September, although activity remains above a year ago, according to the latest report from the National Association of Realtors.

Saudi supply boosted as government and banks help builders

Global agents Jones Lang LaSalle believes that the gap between housing demand and supply in Saudi Arabia is narrowing, as banks start to lend to developers again and government policy moves in favour of boosting the construction sector, Reuters reported this week.

Video: Cashing in on foreclosures

A new scheme is being proposed in the US that could see foreclosed homes become a commodity.

01, 2011 November:

Demand from house hunters reaches four-year high

Demand for property increased for the second month in a row in September to reach the highest level for four years, according to the National Association of Estate Agents (NAEA).

Whole ownership "will become a luxury" says AIPP chief

Whole ownership “will become a luxury” in the overseas property market according to the Association of International Property Professionals’ chief executive Mark Sharp.

Property market in Vietnam slowing due to high rates and lack of lending

High interest rates are slowing down the residential property market in Vietnam as potential buyers find it difficult to get loans, it is claimed.

Recovery for Spanish commercial property 'may take more than a year'

The Spanish commercial property sector is likely to take longer than 12 months to recover, new research has suggested.

House prices fall faster as demand dips

The fall in house prices in England and Wales accelerated in October as consumers become increasingly worried about the outlook for the economy and shy away from buying homes, property data firm Hometrack said.

31, 2011 October:

Brazil bug spreads as interest becomes infectious

Brazil’s property bug spread further this week, as online travel bookings to the country ballooned by 90 per cent in 2011. Expedia announced the growth as property demand, house prices and new developments all caught international investment fever. With tourism up and the housing market strong, interest in Brazilian real estate is infectious.

Aborted house sales fall by 8 per cent

The number of residential property transactions that fall through before completion has fallen 8 per cent in the last year, according to new figures released today by 1st Property Lawyers.

"Dramatic" surge sees Colordarcy double Istanbul sales

Overseas property investment consultancy Colordarcy is experiencing a “dramatic” surge in sales for Istanbul as the company more than doubles its turnover there.

Housing plans revived as Bahrain recovers from unrest

Bahrain is continuing to show gradual economic recovery and political stability in light of recent events earlier this year with the government again focussing on domestic issues such as housing.

Government measures could hurt Spanish legal system confidence

Spain could be exacerbating its property market’s problems by making Land Registry information available in English, according to an overseas property lawyer.

Video: Protests as Shanghai property values plunge

Protestors stormed the offices of a Shanghai developer last week in response to price cuts that lowered the value of their homes.

28, 2011 October:

Growth in prime residential property market in London slows in third quarter

Prime residential property in central London has shown strong price growth over the past year of 13.6% but the rate of growth slowed to just 1.1% in the third quarter, a new report shows.

UK buyers dominate the West End property market

Whilst many reports on the London market are dominated by the rising number of foreign and overseas buyers, the West End market is proving quite the contrary with two thirds of its buyers coming from the UK, according to specialist West End estate agency, LDG.

27, 2011 October:

The bigger picture: Is real estate a woman's world?

Women sell more expensive houses than men in the US, according to new data this month. The gender-based infographic, produced by Trulia, looks at the battle of the sexes in American real estate and finds that women come out on top in the price war, although men sell more property overall. As Florida's property sales increase, which gender gets the credit?

Cape Verde 'improves property registration process'

People buying a property in Cape Verde are likely to discover that the process has become easier over the past 12 months.

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