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20 year old law hampering foreigners buying property in Thailand

The property market in Thailand is failing to attract the same proportion of foreign buyers as other Asian countries thanks in part to a 20 year old law in the country.  Overseas buyers account for just one fifth of transactions in Bangkok’s business district – low by regional standards. Whilst the fall in the number of foreigners buying property in Thailand can partly be...

Wealthy Asian Buyers Take On London Housing Market

Central London has always been an attractive destination for wealthy overseas property investors with buyers mainly coming from Russia and the Middle East. According to independent global property consultants Knight Frank all has now changed with a new trend of buyers coming from Asia   New Knight Frank research shows just under 60% of new-build property sold in central London in the last six months...

Property in Canada becoming more affordable

Property in the Canadian cities of Calgary and Edmonton are the most affordable in the country as prices in the cities start to rise.  That’s the conclusion of a new real estate report which shows that Brits looking to buy in Canada could snap up a property bargain in these two locations. Prices rising and affordability increasing for homes in Canada The RBC Housing Affordability report...

Why Austria Is Attractive to Business & Property Buyers

Positive news for second home buyers considering Austria as a destination to buy property. The regions economy is on the road to real recovery whilst the Austrain capital has become a hub for the business conference community   The Austrian economy powered on during the first quarter of 2011 and, in line with Germany, grew at 1% putting the UK recovery to shame. Indeed, the Austrian economy is now...

Brits look for property bargains in Europes worst hit countries

Brits looking to buy property in Europe are heading to the countries most hard hit by the recent global financial crisis. New research from a leading foreign exchange specialist published in the Daily Telegraph found that eight out of ten Brits are heading to Greece, Spain, Ireland, Italy and Portugal to buy foreign homes.  Buyers are increasingly snapping up property bargains in the countries hardest hit...

Why more American homeowners live in negative equity

Over 16 million American properties are in negative equity according to a new report from Seattle based company Zillow Inc.  As property in America continues to fall in value, increasing numbers of homeowners are finding that their outstanding mortgages are higher than the value of their property. Bloomberg reports that the number of home owners finding themselves ‘underwater’...

Increase in number of new Bulgarian properties

Property markets in Bulgaria and other parts of Eastern Europe are seeing signs of a recovery with an increase in the number of new properties under construction as well as an increase in prices. However, whilst the number of new homes is rising in several Baltic and Eastern European countries, levels are still low in historical terms. More property being built in Bulgaria Recent figures show that the...

France still popular with British property buyers

France is ‘by far’ the leading foreign location with British buyers looking overseas, according to a leading property expert.  Charles Weston-Baker, the head of international property at high net worth agents Savills, has identified France as the leading location in ‘a new world order of property ownership’. Brits approaching retirement heading to...

New Zealand property prices rise again in April

The property market in New Zealand continued to recover in April with prices rising for a third consecutive month.  Figures from the Real Estate Institute of New Zealand’s (REINZ) house price index showed values rose by 1.1 per cent between March and April, following a 0.5 per cent rise in March and a 2.3 per cent increase in February. House prices in New Zealand starting to recover The...

Luxury Fractional Ownership Exhibition in Dubai

will play host to an exhibition that promotes fractional ownership on November 21st 2011 at the iconic 7 star hotel Burj Al Arab.  Fractional Life http://www.fractionallife.com announced that the second annual Shared Ownership Fractional Summit Middle East will present opportunities to the luxury lifestyle sector.   Fractional ownership is generating huge amounts of interest as consumers are becoming...