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...

The latest figures from the National Housing Bank in India showed that property prices in seven major cities fell in the first quarter of 2011.  However, there was some regional variation to the figures with prices rising in other parts of the country. Prices of property in seven Indian cities fell by between 2.6 and 17.6 per cent between January and March 2011 whilst three cities saw property prices rise...

Foreign tourist arrivals continued to soar on Lanzarote last month, according to the latest data just released by AENA, the Spanish airport authority.  As 132,777 passengers passed through Arrecife airport – an increase of 20.7% versus June 2010 figures.  Whilst overall the fourth largest of the Canary Islands has now welcomed 842,561 foreign holidaymakers during the first half of 2011, an...

  Rises in income levels and an increase in domestic demand are set to result in prices of property in Bulgaria rise by 5-6 per cent on an annual basis.  That’s the view of a leading asset management fund manager who believes that smaller, stable price rises are more likely than the short-term explosion in property values which hit the country in the early part of the 2000s. Rises in...

The oversupply of property in Malta is causing grave problems for the country’s property market and the government should step in immediately to control the development of new properties.  That’s the view of a leading Maltese property expert who believes that the relaxing of planning regulations in Malta over recent years has caused huge problems for...

Italy continues to be one of the most popular overseas locations for online property searches with the southern European country maintaining its place in the top five overseas locations for property searches. The latest Rightmove Overseas Search report found that Italy was the fifth most popular country in May for the second month running, having climbed from 6th place back in March. Property in Italy the...

One of Wimbledon’s most charismatic recent champions has become involved in a different sort of court battle this week.  The German star Boris Becker is challenging a recent court decision to uphold £246,000 of debts the 43 year old is alleged to owe to the gardener at his luxury Majorcan villa. Becker is being advised by Spanish property lawyers to fight the court ruling on a...

  The amount of property for sale in New Zealand fell sharply in June with the New Zealand Herald reporting that the decline was ‘turning the national property market in favour of sellers for the first time in two years.’ The number of properties listed for sale in the country fell by 10 per cent in June as fewer sellers came to the market and the number of property sales in...

A recent claim from a leading British economist that property in Canada could be facing a 25 per cent drop in values has been questioned by leading property experts in the country. Whilst Canadian property prices are expected to stabilise in the short to medium term, such a large correction in prices is unlikely, according to many leading property professionals. Prices of property in Canada rising much...