Property prices in USA may have to fall further

Whilst property prices in the USA have fallen over recent years, they may have to fall yet further before Americans start to buy again.  That’s the view of Douglas A. McIntyre, writing for 24/7 Wall Street. More Americans believe that property prices will fall over the next year than believe they will rise, meaning the ‘stand-off between buyers and sellers is likely to continue...

Russians buy property in Bulgaria as population falls

The population of Bulgaria has fallen by almost 600,000 people in the last decade whilst demand for property in the country is being led by Russian investors.  Recent census figures show an alarming population decline in many Bulgarian towns meaning the demand for property is being supported by foreign investors. Russians the leading foreign property buyers in Bulgaria Quest Bulgaria reports that 2010...

Are Australian property prices too high?

Many Brits dream of selling up and emigrating to Australia.  A warmer climate, a better standard of living and good job opportunities attract thousands of Brits every year, but is Australia now becoming too expensive for people to live in? The BBC has highlighted a number of reasons why buying property in Australia may no longer be as easy as it once was. Australia has become ‘ridiculously...

Teaser mortgage loans withdrawn from India property market

Mortgage loans that offered low initial repayments to encourage first time buyers to buy property in India have been withdrawn by the country’s largest commercial bank amid fears that the loans will result in a repeat of the US ‘sub-prime’ crisis. The State Bank of India (SBI) has been forced to withdraw these so-called ‘teaser’...

Competition between banks helping property in New Zealand

More first time buyers are climbing onto the housing ladder in New Zealand thanks to increased affordability and more intense competition between banks.  That’s the conclusion of the Roost Home Loan Affordability Report which has shown that the property market in New Zealand is picking up – in some areas. ‘Two speed housing market’ across New...

The Cost of Buying Property in Costa Rica Revealed

Costa Rica is now even more tempting for overseas buyers as it has recently changed the currency law to allow property transaction contracts to be written in US Dollars when the sale was negotiated in Dollars. Up until recently, transactions made in dollars had to have contracts written using the Costa Rican currency of colones International real estate buyers are often confused re conveyancing costs...

Brits snap up property in Spain and Portugal as prices continue to fall

More and more Brits are taking advantage of falling property prices in Portugal and Spain to snap up bargain holiday homes.  Online searches and inquiries about property in the Iberian countries rose in March with a survey from Rightmove Overseas and foreign exchange company Moneycorp finding that the Spanish province of Valencia saw the biggest surge in home searches. Searches for property in Spain and...

Property in France strong demand

Property prices in France should increase across France in 2011 with the largest gains expected in the country’s large cities.  That’s the prediction from the FNAIM, the organisation that represents French estate agents, as strong demand in the country continues to fuel property price rises. Average property value set to rise by 3-6 per cent in 2011 A strong demand for homes...

Tuscany still popular with Brits buying property in Italy

Owning a farmhouse in the beautiful rolling landscape of Tuscany is a dream for many Brits.  Whilst large farmhouses may be out of the reach of many British buyers, it is still possible to pick up affordable property in Tuscany.  And, with property prices in Italy not suffering in the same way as in other countries over recent years, the potential for capital growth is good. Property price in Italy will...

Thailand the number one choice for emigrating Westerners

Thailand is the number one destination for emigrating Westerners looking for a better quality of life abroad.  That’s the result of a new survey by global bank HSBC which saw Thailand beat previously popular destinations such as Canada, Spain and Australia. The news comes as Thailand also scooped a major gong at an international travel awards ceremony. Survey finds that Thailand is the...