New research has found that the premium, luxury home market in Australia is being hit hard by a ‘perfect storm’ of forces.  While the affordable and mid-range housing market holds firm, values of luxury homes in Australia are sliding in 2011. Value of luxury overseas property in Australia falls 5.4 per cent The research from RP Data found that it was the ‘luxury...

A new report from a leading Dubai property lawyer has found that property owners in the country are being charged thousands of dirhams in illegal registration fees by developers.  Hadef and Partners claim that fees of AED5,000 (£840) are being charged for registering a property with another AED1,000 (£170) as a handling fee. Developers charging illegal fees says overseas property lawyer In...

The property market in the Bahamas has been thrown into confusion by the country’s government increasingly relying on property tax valuations rather than agreed purchase prices to determine the level of Stamp Duty payable. That’s the opinion of a leading property lawyer in the country who believes that the policy could ‘really wreak havoc’ on the...

Despite significant price reductions of property in Cyprus, estate agents are still struggling to attract buyers.  Prices in the popular destination of Paphos continue to fall steeply and despite the abundance of property bargains, many agents are still struggling to find buyers for homes. Price falls in Paphos making property in Cyprus extremely cheap Property prices in Paphos have fallen by at least a...

One of the world’s leading property  analysts believes that the property market in Spain will ‘bottom out’ within the next year, leading to excellent opportunities for investors looking to snap up Spanish property at a bargain price. JP Morgan Chase & Co believes that property in Spain will reach the bottom of the cycle in the next twelve months before...

The price of property in India is set to rise by 5-10 per cent in the next three to six months after the Reserve Bank of India raised interest rates by 0.25 per cent.  With house builders facing increased interest charge, these costs are likely to be passed on to homebuyers. Increases in developers costs to be passed on to consumers The Reserve Bank of India recently raised the cost of borrowing by 0.25...

Property in Costa Rica has been hit hard by the recession of the last few years.  However, while the housing market may be nowhere near as buoyant as it was in the boom of 2006 there are signs that it is reviving. Leading experts have noted that residential property in Costa Rica has started to sell again with a good range of properties for sale at affordable prices. ‘Timid...

  Essential advice for those considering buying property in Spain comes from Louise Reynolds of Property Venture®, an independent, UK-based agent, which aims to assist Spanish property buyers buy more safely. Buying off plan property in Spain has seen a decline since the global financial crisis however guidleines and procedures in the Spain aim to protect the buyer.   Property Developers, who...

  Turkey offers some excellent property investment opportunities and is one of the most popular overseas locations for Brits to buy houses.  However, the buying process in Turkey is different from other countries and so it’s important that you understand how to buy property. Many people end up withdrawing from property transactions in Turkey due to the complicated legal process. ...

Living near the headquarters of Google and Facebook is great for real estate prices and London could well be in for the same “Silicon Valley effect” on its house prices. Living in the vicinity of the area dubbed Silicon Valley in California has meant that real estate prices increasing above the national average. The surrounding area of Silicon Valley which is situated in the...