2018 Ryder Cup set to boost profile of golf property in France

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...

Foreign buyers to spend $6 billion on luxury homes in London in 2011

London is continuing to attract wealthy overseas buyers in large numbers with $6 billion (£3.7 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 London’s continued reputation as a financial centre is driving the sale of luxury property. Weakness of pound...

Leading group calls on government to help boost property in Malta

A leading industry association in Malta has called on the government to help the struggling real estate industry in the country – a sector which is threatening the ongoing economic prosperity of Malta. The Malta Developers’ Association (MDA) believe that the ‘Maltese construction industry... is facing a prolonged crisis that can send a ripple effect throughout the...

Average age of global first time buyers rises to 31

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...

Hard Rock to open state of the art property in Panama

  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 Rock’s first venture in Latin America. Stunning hotel perfect base for people searching for property in Panama The 66...

Auckland leads the way in the New Zealand property market

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...

Overseas property lawyer accuses football boss of theft

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 £13 million. Darragh MacAnthony, the Dublin born owner of Peterborough Football Club, faces legal action in Spain over the claims. Brits lost...

Housing market fails to recover as property in America sees a double dip price falls

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 ‘double dip’ in house prices.  The index of house prices in America’s largest cities fell again in March, with the Los Angeles Times reporting that the figures have pushed ‘past a low set...

Banks keen to agree 100 per cent loans to sell property in Spain

In an attempt to get billions of euros worth of properties off their books, Spanish banks have started to offer mortgages on ‘pre credit crunch’ 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 country’s property crash. 100 per cent...

French banks back off lending to overseas property buyers

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 ‘reluctant to lend to international...