Golf property in France has received a huge boost with the news that the 2018 Ryder Cup will be held in the country. And, as part of the bid included a pledge to build 100 golf courses in the country, there is set to be a huge increase in demand for golfing property in France over the next few years. 2018 Ryder Cup awarded to France France beat off bids from Germany, the Netherlands, Portugal and Spain...
London is continuing to attract wealthy overseas buyers in large numbers with $6 billion (ã3.7 billion) likely to be spent on luxury property in the British capital in 2011. A recent report from international property consultants Savills has found that a weak pound and Londonââ¬â¢s continued reputation as a financial centre is driving the sale of luxury property. Weakness of pound...
A leading industry association in Malta has called on the government to help the struggling real estate industry in the country ââ¬â a sector which is threatening the ongoing economic prosperity of Malta. The Malta Developersââ¬â¢ Association (MDA) believe that the ââ¬ËMaltese construction industry... is facing a prolonged crisis that can send a ripple effect throughout the...
New research has shown that the average age of a first time property buyer has risen to 31, six years older than in the 1970s. The report, published in the Sydney Morning Herald, also found that Australians are using a greater proportion of their income to service mortgage debts than in many other countries. Average age of people buying first property in Australia rises The survey, conducted by mortgage...
The attraction of Panama as a place to invest in property was brought into sharp focus recently with the announcement that the iconic Hard Rock company is to open a new hotel in the country. The Hard Rock Hotel Panama Megapolis will open in December 2011 and will be Hard Rockââ¬â¢s first venture in Latin America. Stunning hotel perfect base for people searching for property in Panama The 66...
Auckland is helping the New Zealand property market remain broadly stable in 2011 despite falls in prices in other cities across the country. The latest report from government valuer Quotable Value found that prices in the most populous city were rising, whilst values in other cities remained stable or were continuing to fall. Property in New Zealand worth 1.6 per cent less than in May 2010 The figures...
Darragh MacAnthony Photograph: Tony Marshall/EMPICS Sport A well known football boss has been accused of 'theft by swindle and misappropriation of funds' by a leading overseas property lawyer after hundreds of clients allegedly lost money estimated at around ã13 million. Darragh MacAnthony, the Dublin born owner of Peterborough Football Club, faces legal action in Spain over the claims. Brits lost...
One of the key measures of the housing market in the USA pushed below its previous low in March 2011, confirming that the American housing market is experiencing a ââ¬Ëdouble dipââ¬â¢ in house prices. The index of house prices in Americaââ¬â¢s largest cities fell again in March, with the Los Angeles Times reporting that the figures have pushed ââ¬Ëpast a low set...
In an attempt to get billions of euros worth of properties off their books, Spanish banks have started to offer mortgages on ââ¬Ëpre credit crunchââ¬â¢ terms. The Financial Times reports that banks are offering loosened criteria for distressed properties in order to try and offload properties that they have repossessed during the countryââ¬â¢s property crash. 100 per cent...
French lenders are reducing their appetite for lending to overseas borrowers looking to buy property in France amid rumours that some have already reached their lending targets for 2011. Lenders are increasingly becoming more risk averse and are changing their lending criteria to reduce the risks inherent in their mortgage lending. French banks ââ¬Ëreluctant to lend to international...