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Australian house prices fall for sixth month in a row

Australian house prices are continuing to fall, according to the latest RP Data-Rismark Hedonic Home Value Index. Prices drop six months in a row Following the 2.3% drop in Australian house prices found earlier this year, the country’s real estate value has slid down once again. The most recent fall of 0.2% in June marks the sixth month in a row that property prices have dropped. This crash...

Volatility continues in currency markets

Fluctuations have continued in most exchange rates, as focus continues on debt problems around the world and the aftermath of the UK riots. the ECB reluctantly decided to buy Italian and Spanish bonds at the weekend , US debt was been downgraded for the first time in history on Friday, and the UK's international reputation was soured by the scenes in our cities, along with some worries about our own...

Phuket remains the top destination in Thailand for luxury overseas property

While prime, luxury overseas property might not be seeing as much interest as it did before the ‘credit crunch’, some areas are beginning to see a pick-up in the number of buyers snapping up luxury Thai homes. One such area is the coastal property market in Phuket, the popular and exclusive Thai island. Foreign buyers snapping up luxury homes in Phuket Whilst most of the...

Hunt for cheap property abroad heads to Spain

Britons hunting for cheap property abroad are heading to Spain as the country’s market benefits from low prices, and Torrevieja is at the heart of the revival.Torrevieja is Spain's "hottest" tourist destinationThe Costa Blanca town is "the hottest sales spot on the Costas", reports PropertyinSpain.net. Torrevieja ranks just below Madrid and Barcelona in terms of property sales in 2011,...

Sardinia & Cortina boast some of the worlds most expensive luxury homes

Sardinia and Cortina boast some of the world’s most expensive luxury homes. If you had to guess where the most expensive urban property in the world was located, you might think that parts of England, the USA or France were sure to make the shortlist.  While new research has found that some areas of France boast the most expensive prime properties on the planet, only Italy can rival France...

Indian property investors warned about real esate scams

Prospective buyers of property in India have been warned to be vigilant for a series of property scams.  A new Bollywood film has been based on real-life experiences of unscrupulous behaviour in the country’s property industry and people have been urged to be alert for property fraud. Buyers avoided to avoid agents and representatives when buying property in India Amit Prasad, a...

Houses for sale in Barbados benefit from tourism boost

Houses for sale in Barbados have benefited from a tourism boost, as the island announced success in a competitive market. Barbados welcomes more visitors From January to May this year, Barbados has housed 250,385 stay-over visitors, an increase of 13,724 from 2010. The number of passengers arriving from cruise ships has also increased by 3.4% in the same period. Speaking to The Barbados Advocate, the...

Shopping mall development in Bulgaria halted by house in the way

A €65 million (£56.8 million) Bulgarian shopping mall project is mired in controversy after a house adjacent to the building work recently won a reprieve from being demolished. The project is currently facing postponements and delays after the city municipality admitted it did not have the funds available to pay the owners of the property. Municipality ‘won’t...

Brits seeking great value property in Greece

While the country may still be struggling to cope with ongoing debt problems and domestic unrest, Greece is seeing increased interest from savvy British property buyers looking to snap up an international property bargain. New research has found that web searches for property in Greece rose sharply in June with some areas seeing a significant uplift in interest. Online searches for property in Greece up...

Two tier housing market leads to contrasting fortunes for property in Portugal

The problems that Eurozone countries such as Greece, Ireland and Portugal are suffering are continuing to affect buyer confidence in their respective property markets.  This has been particularly true in struggling Portugal, as new research reveals that weakening demand and a ‘two tier’ housing market is continuing to see prices fall in the country. Prices of property in...