Housing market

A survey has dismissed speculation surrounding the Dubai property market that it is heading for a "bubble burst".The poll, conducted by exhibition organiser DSL, asked the opinions of 315 real estate companies and found that 92 per cent believed that prices were still rising owing to healthy demand.For apartments, however, the study did find that prices are currently more stable, staying relatively...

The annual rate of inflation in the UK property market has slowed down from 5.6 per cent in May 2006 to 5.2 per cent in June, the government has announced.In London, the reduction was more pronounced, from seven per cent in May to 5.8 per cent in June, while the annual inflation rate for the quarter up to the sixth month of the year was 5.3 per cent in the UK and 6.5 per cent in the capital.The...

People looking to sell UK property will see a benefit from the current trend of rising house prices, with recent figures showing that the average value of a house has increased by 7.71 per cent.Figures from the Land Registry show that the average price of a house is now £199,184.Contrary to the trend of London seeing the highest price increases, the north experienced most inflation in property...

Activity in the UK property market is set to increase after the World Cup, following the traditional dip that is seen during the tournament, according to haart estate agents. The company has analysed data from World Cups for the last 20 years, finding that the number of house transactions is likely to be less than the usual average during the tournament, but will pick up again afterwards. Overall, a 1.3...

A housing fair has been organised in the San Jose area of California next weekend. The event is due to take place next Saturday between 10:00 and 17:00 local time at the National Hispanic University, Mercury News has reported. A number of different groups will be targeted at the fair, including first-time home buyers, real estate investors, as well as those interested in consumer protection issues. Such...

The Royal Institute of Chartered Surveyors (Rics) has opened a new chapter in the Czech Republic's capital of Prague, it has been reported, showing the development of the overseas property market in the country. According to Overseas Property Professional (OPP), around 74 members have joined the new branch, the majority of whom are British or other expatriate professionals. The primary aims of the...

As the 2006 hurricane season begins for the east coast of the United States, Florida property owners have learnt that they will have to pay one per cent of value of their home insurance to cover an insurance deficit of $1.5 billion. The assessment will replenish the local Hurricane Insurance Catastrophe Fund, which will be out of pocket when tax-free bonds are sold to cover the cost of repairs from the...

Consumers hoping to find UK property to rent out could benefit from new guidelines that will be given to property valuers. Members of the Council of Mortgage Lenders and the Royal Institute of Chartered Surveyors (RICS) have decided clarification of the current 'Red Book' guidelines is needed if a new build property's true value is not to be distorted. RICS valuers need to provide an objective estimate of...

Nationwide has described recent house price growth in the UK as "sluggish", reporting an average price increase of just 0.2 per cent in May. This compares with a similarly slight 0.1 per cent price rise in April but a much healthier 1.1 per cent in March. It leaves the annual rate of growth at 4.7 per cent for the year to May compared to 5.3 per cent at the end of March. Although house prices are still...

The 2006 Worldwide Property Show has got underway in Dubai at the Grand Hyatt Hotel. Visitors to the show will be able to look at a wide range of overseas property, whether looking for a holiday home or an investment opportunity. A number of expatriates living in Dubai have already invested in the area, but they too may be looking to expand their portfolios in what is becoming a true property hotspot. The...