News Archive: property markets

05, 2011 October:

India market to struggle as foreign investment plummets, says Raheja

India’s property market faces a bumpy fall to earth as foreign investment in the real estate sector dips, according to a leading developer.

Overseas buyers back in the Spanish property market

British buyers have long had a love affair with property in Spain but now it seems it is other overseas buyers who are helping the real estate market to recover.

Pending US property sales down but still higher than a year ago

Pending residential property sales in the United State slipped in August with a mixed regional performance but are higher than a year ago, according to the latest figures from the National Association of Realtors.

04, 2011 October:

A Place in the Sun Live exceeds expectations

The A Place in the Sun Live show exceeded expectations last weekend to put the confidence back into an industry weighed down by financial worries. While the media focused on mounting Euro debt, Europe’s largest overseas property show revealed a market that is still strong as thousands of buyers remain serious about overseas property.

Scotland tops the regional property price rise table

Overall asking prices for prime regional property in the UK have increased by 3.5% so far this year, according to a report published today (Friday 30 September).

Murcia prices primes it for sales surge, says Mercers

The Murcia region of Spain is poised to emerge from economic gloom as property prices drive the area forward, according to a local agent.

Public support house-building drive to tackle the country's housing crisis

Two thirds of Britons want more homes built to tackle the worst housing crisis the country has seen in generations, says new poll

03, 2011 October:

Polish property popular as people pick outside Euro

Polish property is proving popular with people avoiding the Eurozone, new research reveals. The debt crisis continues to worry the continent, but buyers are still investing in real estate abroad – particularly in Poland, where searches for property “soared by almost 60%” in August, as buyers turned away from more debt-affected property markets, such as Portugal.

PM to return to Thatcher's 'right to buy' policy by increasing discounts for council tenants

In a dramatic return to the Thatcherite policy of the 1980s David Cameron will today pledge to make it cheaper for tenants to buy their council house.

30, 2011 September:

Swiss National Bank encourages property market growth

The Swiss National Bank’s decision to set a minimum exchange rate against the euro is likely to have a positive effect on the Swiss property market, according to international property search specialist, Quintessentially Estates.

Expo Real attracts 1,600 exhibitors

Some 1,610 exhibitors from 34 countries have signed up to showcase their wares at the Expo Real property fair in Munich next week. The figures is roughly similar to last year's event.

29, 2011 September:

Beylikduzu recommended by experts as key place to buy

Beylikduzu has been recommended by experts as a key place to invest in Istanbul.

Middle Eastern buyers increasing in Malaysia, research suggests

Economic uncertainty and the availability of Islamic finance is driving Middle Eastern real estate investors to look East to markets such as Malaysia, it is claimed.

Video: 2012 Olympics to boost London property market

Speaking with REIT.com during the European Public Real Estate Association’s annual conference in London in early September, Peace said the economy continues to be the biggest issue plaguing British property companies.

28, 2011 September:

3 million visitors flock to Albania this year

The number of people visiting Albania in the first eight months of this year has doubled since 2008. The country welcome 3 million tourists between January and August of 2011, as the Balkans continue to attract foreign interest.

'Potential' for Romanian real estate

There could be significant growth in Romanian property prices over the coming months and years, one expert has asserted.

Europe beats UK for property sustainability

The UK property sector trails the rest of Europe in adopting sustainable practices, although steady improvements are being made in the industry and RICS is working with government to accelerate the process.

27, 2011 September:

Has France finished Spain’s real estate reign?

France has replaced Spain as the most popular destination for second home buyers, say several new reports. Research by Savills shows that France is the favourite for second home owners, despite Spain’s dominance of TheMoveChannel.com’s Top of the Props. Has France finished Spain’s reign for good?

Eurozone crisis boosts London's prime property prices

The ongoing eurozone crisis as well as turmoil in the global economy have contributed to price growth in London’s luxury property market, according to research by multinational real estate firm Knight Frank.

Committed sellers boost housing market

Estate agents say that serious sellers who are prepared to price their properties realistically have returned to the property market.

26, 2011 September:

Vienna sees shock spike in prices and rents

Overseas buyers are moving into Vienna. "The Viennese residential property market is experiencing a sharp rise in both rental and purchase prices, particularly in the more desirable city districts," international agency Engel & Völkers told OPP this week.

Property sales fell in August, says HMRC

The number of properties sold in the UK fell to 78,000 in August, figures from the tax authority show.

Portuguese property market 'on the road to recovery'

The Portuguese property market is beginning its recovery, with one expert in the sector noting that the Algarve in particular has seen a rise in buyer activity.

Spain 'a top choice' for those thinking of moving abroad

Spain has been named among the top five destinations that people would consider moving to if they were going to leave the UK, new research has found.

23, 2011 September:

Provence-Alpes-Cote d'Azur most popular for French property

The latest data from TheMoveChannel.com reveals that Provence-Alpes-Cote d'Azur is the most sought after region by potential property buyers, followed closely by Rhone-Alpes.

Global Ocean Race set to make a splash in Mallorcan property market

With only two days remaining until the start of the Global Ocean Race, Mallorca, the launch pad of the highly anticipated event, is gearing up to see thrilling high speed activity from sailors and property buyers.

Property sales and prices up in Miami

Miami is continuing to buck the trend in the United States real estate market as sales and prices rise above the national average, the latest figures show.

California real estate market 'struggling to gain momentum'

California home sales are expected to remain essentially flat this year and rise slightly in 2012, according to a housing market forecast from the California Association of Realtors.

Property prices in French ski resorts 'bounce back'

The value of properties located in the French Alps has recovered from the global recession, with eurozone buyers helping to boost the market.

22, 2011 September:

U.S. existing home sales leap 7.7 per cent

Existing home sales rose more than expected in August to the fastest annual pace since March as falling prices and low interest rates drew more buyers into the market, the National Association of Realtors said.

Shortfall of affordable housing in Egypt

A new survey of the Middle East and North Africa (MENA) region has revealed that Egypt has a chronic shortage of affordable housing.

UK govt acts over ‘scandal’ of 700,000 empty residential properties

Community groups in the UK will be able to apply for Government cash to bring some 700,000 empty residential properties that blight neighbourhoods back into use.

Government rulings force Chinese to buy overseas property

Chinese property investors are looking abroad in increasing numbers as new statistics show that official sanctions to cool the country’s real estate market are taking hold.

Sales of farm property in New Zealand at highest for two years

Farm property sales in New Zealand are at their highest for nearly two years and the trend is likely to continue, according to the latest report from the Real Estate Institute of New Zealand.

21, 2011 September:

Worldwide luxury property markets are bouncing back, says Christie's

International luxury real estate activity is bouncing back, according to a new report from property network Christie’s International Real Estate.

Home seller offers $1,000 in booze to buyer

Drink for free at the local watering hole and make it home in seconds. That’s what one Glenview, Ill., homeowner is offering as a way to set apart her 3-bedroom townhouse in a down real estate market.

Real estate prices rise in Turkey

The latest figures from the REIDIN.com real estate index for Turkey has revealed that, overall, property prices in the country increased during August, compared to the previous month.

New property portal for Chinese real estate investors launched

The world’s first web portal focussing on Mandarin speaking mainland Chinese real estate investors looking to buy property in the UK, Europe and beyond, has been launched.

20, 2011 September:

What's the Spanish for "gazanging"?

"Gazanging" is the latest word to enter the property industry, as reports reveal that thousands of UK buyers were "gazanged" in the first half of 2011. Gazanging is when a seller changes their mind, leaving the buyer hanging with an unfinished deal. 54,000 people have been gazanged in the UK this year, but it's not a word that property buyers in Spain have had to learn.

Beaconsfield named as UK town with most million pound plus properties

The town of Beaconsfield in Buckinghamshire has been named as the place in the UK with highest the proportion of £1 million plus homes for sale.

Orlando prices shoot up more than a fifth

Orlando’s property market is surging as prices jumped by 20% since January.

Video: Central London property strength buoys land securities

The U.K. property market, particularly in London, has held up fairly well in light of the troubles experienced in continental Europe.

Video: Turkey’s finance minister on how Eurozone could get growth

As Turkey's tourism and property investment grows, Turkish finance minister Mehmet Simsek describes how Turkey managed to turn around their economy. How can this could be applied to the wider Eurozone crisis?

19, 2011 September:

American hires movie crew to sell Hollywood home

An American agent has found a glamourous new way to attract buyers to a home: make a movie about it. Eric Lavey hired a crew to produce a short film starring his Hollywood Hills house, complete with characters and a storyline. The building was bought within a month.

Danish property market may see correction

Denmark’s property market may be facing another correction after a housing boom that turned to bust at the height of the financial crisis failed to push prices low enough to entice buyers.

Steady sales activity keeps Canadian real estate market on track

Sales activity in the residential real estate market in Canada held steady last month and has seen considerable year on year growth, according to the latest report from the Canadian Real Estate Association (CREA).

16, 2011 September:

Cancelled and delayed projects in UAE increasing, report shows

The amount of construction projects cancelled and delayed in the United Arab Emirates rose to $170 billion in August indicating that the battered real estate sector in the Gulf state is still some way from a recovery.

Las Vegas home sales jumped in August

Based on new statistics by the Greater Las Vegas Association of Realtors (GLVAR), sales of local homes, condominiums and townhomes jumped significantly in August, approaching an all-time record for existing home sales in a single month.

Moroccan property market is growing

Domestic and international demand has helped boost growth in the Moroccan property market, it has been asserted.

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