The market for Australian property continues to be healthy, despite a recent rate rise in the country, as overseas property investors hunt for emerging markets.Suburban areas have reportedly been proving popular, owing to the affordability benefits available in these locales, with Beenleigh, Bulimba and Paddington in Brisbane key examples.Other areas which have been attracting attention are Elizabeth and...
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Investors in Spanish property will soon be able to take advantage of a range of medical services through a bank account with Banco Halifax Hispania.The facility will offer a 24-hour health helpline and connection for British expats to an English-speaking medical consultant, who can offer advice or guide users to a nearby clinic or surgery.This new service, which will offer peace of mind to overseas...
Overseas property investors are soon set to have a greater degree of choice in the eastern European sector, with the Bulgarian property market one of the segments to see significant new investment.Austrian property developer Immoeast has announced that it is investing â¬180 million (£122 million) to create new property in Bulgaria, Poland, Romania and Slovakia.The initiative is expected...
Overseas property investors who have purchased property in China recently are likely to have seen a gain on their outlay in July, with average prices increasing 5.7 per cent.Prices in 70 major cities in China rose by this amount â which was down by 0.1 percentage points from June, according to the National Bureau of Statistics.New commodity housing values increased by 6.7 per cent, an increase of...
The price of Chinese property in Shanghai decreased by 2.8 per cent on an annual basis in the second quarter of 2006, the China News Service has said.However, while houses in Shanghai are becoming more affordable, overseas property investors who have already purchased homes in other areas will have seen a gain on their outlay, as Shanghai was the only one of China's 70 major cities to see a decline in...
The New Zealand property market has been "transformed" by the internet, according to a survey by online analysis company Nielsen Net Ratings.Significant changes have taken place in the market, the study claims, largely owing to the way in which prospective overseas property investors are now able to search for homes online.Some 86 per cent of people polled in the research said that they considered the...
A new poll has found that the lure of purchasing overseas property is steadily becoming stronger for British people, with gradually higher numbers expressing an ambition to move abroad.The survey, carried out for the BBC by ICM Research, found that the majority of the 1,000 people polled said they had considered emigrating.This is consistent with a study taken in 2003, however, the number of people hoping...
Now could be a good time to sell up for those people looking to leave the UK and invest in overseas property, the latest figures suggest.Nationwide has released data that shows that house prices in the UK rose by 0.8 per cent during July, as the summer saw house prices join temperatures on the rise.This summer is also a considerably better time to sell than the same summertime period of 2005, when house...
Land laws could see the price of Spanish properties rise by a tenth, benefiting anyone who has invested in a home there.Although the intention was to reduce prices, the Association of Spanish Property Developers (APCE) claims that the Spanish government's proposals will have the opposite effect.Under current proposals, developers must hand over between 15-20 per cent of land which has been classified for...
Dubai's new property laws are expected to be completed by the end of this year and the "last part of the equation" will be completed, according to officials. Marwan bin Ghaliti, technical administration director at Dubai's land department, said that the rights of buyers will be more firmly established, especially those relating to co-ownership. "By the end of the year we will close the chapter on real...