With prices of property in Australia set to fall over the next year, a new survey has found that New South Wales is set to be the best performing state in the country.  Prices in the state are set for only slight falls in the next twelve months whilst values slip further in the rest of the country. Property in Australia set to see price falls over next 12 months The Sydney Morning Herald recently...

A brand new seventy storey tower officially opened in Panama City this month raising the standard for luxury property in Panama.  The Trump Ocean Club bears the name of one of America’s leading entrepreneurs and is one of the tallest buildings in Central America.  The newly opened tower also boasts some of the most expensive property in Panama and neighbouring countries. Brand new Trump...

Increased investment in American property, a drop in prices in 2011 but the prospect of a recovery in 2011.  These are the conclusions of three recent pieces of research into the American property market which paint different pictures about the state of the country’s fragile housing market. Investment in property in the USA sees sharp rise in 2011 Data from the property company Jones Lang...

New research has found that property prices in Cyprus continued to fall in the first three months of 2011 with rents on the island also slipping as landlords struggle to attract new tenants.  The fall has been attributed to the ongoing uncertainty regarding the Greek economy and a continuing lack of credit availability. Prices and rents for property in Cyprus fall substantially over last year The sixth...

EU leaders have announced a second bailout package for Greece, this time involving private as well as government investors. This could in time be seen as a partial default by Greece, when the credit agencies such as Moodys and Standard & Poors next produce ratings, but for now the perception is that the outcome is as good as it could have been - leading to some strength for the Euro. Sterling has done...

A leading analyst has suggested that property in Malaysia is facing an uncertain time in the remainder of 2011 as the country comes towards the end of a two year property upturn.  With property stocks in neighbouring countries being downgraded in the light of increasingly challenging credit conditions, property in Malaysia could be facing a period of consolidation over the next few months. Two year...

A leading Spanish property lawyer is defending almost a hundred Northern Ireland families in a property scam worth six million euros.  The bogus scheme dates back to 2005/2006 and relates to a number of off-plan apartments at the Estepona Beach and Country Club in Spain. 6 million euros swindled from investors in scam The families from Northern Ireland invested a total of six million euros in 350...

The largest luxury development in Kuala Lumpur is set to see its first residential tower in 2011.  This is after the property development arm of the Naza Group recently announced that it is launching three luxury residential towers worth more than RM1 billion (£207 million). The projects will increase the luxury property for sale in the Malaysian capital and demand from both locals and overseas...

Economic uncertainty and a desire for homeowners to pay off their mortgage debts have resulted in a slight fall in property prices in Australia over the last year. The most recent data from the RP Data-Rismark Hedonic home value index shows that there has been a 2.7 per cent fall in house prices in Australia’s state capitals in the first five months of...

Markets around Europe are bracing themselves for the release of the ‘stress test’ results at 4pm UK time today – which will be the result of the most comprehensive review of banking and credit in the EU since the global financial crisis in 2008.   Between 10 and 15 European banks are expected to fail the test, and will be given until September to submit plans to...