Prices of property in New Zealand have seen a reduction in their rate of growth for the fourth month in a row, according to figures from property valuer QV. Across the country, property values rose by 12.4 per cent for the 12 months to May, to an average price of $327,779 (£112,391). This rate of increase is lower than the 13.1 per cent rise in prices that was measured in April. Blue Hancock,...
House Prices
The Chinese property market is in a period of substantial growth, with large amounts of overseas property investment coming into the country, according to reports. Industry observers in the area have attributed recent rises in property prices to an expanding inflow of foreign capital to China's real estate industry, Shanghai Daily has claimed. Many major companies have been involved with the development of...
Property prices in Bulgaria have risen by almost five per cent in the first quarter this year, according to the Real Estate and Investment Forum (RINVOR). The Eastern European country is fast becoming a property hotspot, with many overseas investors seeing potential for high returns on rental property. Sights like the Black Sea and Balkan mountain range are tempting tourists to take advantage of the many...
The town of Truro has beaten off competition from some of the bigger cities to register the highest increase in residential property price per square metre (psm) in the UK. Although London remains the most expensive city to live at £3,582 psm, and Oxford comes second with an average £2,741 psm, Truro's property has rocketed by a staggering 262 per cent in a decade, according to Halifax Estate...
A specialist overseas property agent is offering potential buyers weekend trips to view luxury golf resort property in Spain's Murcia, just south of Alicante. An opportunity for Brits thinking to buy Spanish property, Villaminder is offering to pay for the overnight accommodation in hotels or apartments in the area, along with hospitality. Clients interested in overseas property would only need to pay the...
The Chinese government has announced its intention to bring in measures designed to stop the Chinese property market from overheating. An executive meeting of the State Council reached the conclusion that more needed to be done to stem the rising house prices in China's major cities, the state media reported. New tax, credit and land supply policies were all mentioned as possible solutions to the...
Property developers in Auckland, New Zealand, have expressed fears that house prices will increase if the Auckland Regional Council (ARC) succeeds in persuading the government to allow it to charge a fee for transport and other services. The new levy would be on top of the local council charges that are currently paid by those planning new housing development in Auckland. The property council chair, Connal...