The value of apartment properties in Manhattan is currently increasing, boosted by foreign investment, according to reports. A strong local economy and Wall Street bonuses have also played an important part in supporting this sector of US property, according to Reuters, despite the fact that sales have fallen by 14.8 per cent. According to the Prudential Douglas Elliman Manhattan Market Overview, Manhattan...
International real estate
Fears that commercial Australian property is headed for a slump have been dismissed by forecasters, although potential future points of concern were identified. Retail and industrial property in the country were recognised as positive by John Talbot, head of capital markets at property and investment managers Jones Lang LaSalle, according to the Western Australian Business News. "The retail and industrial...
The state of the South African property market has been described as buoyant in the latest bulletin from the South African Reserve Bank (SARB). Throughout the first five months of the year, conditions in the market remained fairly stable, despite the rate of increase in property prices slowing down, the Sunday Times of South Africa reports. In January the year-on-year rate of increase was measured at 15.2...
More people from the UK are looking to buy US property on the strength of the pound-to-dollar exchange rate, but many are looking further than the obvious choice that is Florida New Hampshire-based Badger Realty explains that while travelling to Florida from London can take up to 11 hours, a flight to New England takes around half as long, making it an attractive overseas property investment opportunity....
Property Arabia 2006 has opened in Bahrain, providing pointers and other information for those thinking of property investments abroad. Open to the general public as well as the trade, the various exhibitors present will showcase many of the major property investment opportunities in the Gulf region, as well as new developments in countries such as Malaysia and Australia. Within the Middle East region,...
The National Association of Professional Insurance Agents (PIA) in the US has said that some parts of a recent Florida property insurance reform bill could be used by Congress for national insurance legislation to help storm victims. Given final approval by Governor Jeb Bush on May 16th, the new legislation includes a flex-rating system allowing rates to be adjusted by up to ten per cent, and the option of...
Bulgaria, Romania and Morocco are all emerging as potential property hotspots, according to experts. Spain is still the number one destination for investors looking to buy property abroad, but could suffer from its present state of saturation. Along with the current strength of the Euro, this has led one estate agent to suggest it can take as long as two years to sell Spanish homes, Reuters reports. By...
Overseas property made a welcome return at the 22nd Worldwide Property Show in Dubai last week. George Betz, organiser DSL Exhibitions' international sales manager, said that many overseas firms "had stayed away" in recent years, but added this trend now appeared "to have cooled down". He said that a number of the exhibiting overseas developers and estate agents had succeeded in attracting record deposit...