Great news for anyone UK based who might be purchasing property or moving funds over to Europe or Australia. The weakening Euro is leaving sterling in a strong position.Those considering a house purchase in Australia may now be on to a winner as the costs of the floods take its toll on the Australian Dollar Will these kind of levels last? The main reason for the weakening Euro has been ongoing concerns...
Overseas property investors attracted to real estate in Singapore are now more protected as The Council for Estate Agencies (CEA) is fully established under Singapore law . The aim of the body is to administer the enhanced regulatory framework for the real estate agency industry. Overseas property investors should note that CEA is responsible for licensing estate agents and to promote the...
Real estate in Australia shows continued strength despite the global slow down of the worlds housing markets. A recent report by Canadian Scotiabank confirms that property in Australia remains one of the worlds strongest markets. Other reports suggest that Australia maybe subject to over pricing driven by demand from new Australians The Global Real Estate Trends report trackes housing markets in 12...
Overseas Property Professional (OPP) has reached an agreement with The International Consortium of Real Estate Associations (ICREA) to syndicate its editorial content to the one and a half million practitioners of the global real estate trade body. OPP is part of the Richmond Green Group and the magazine is the property market's only dedicated business-to-business publication for the international...
The dampened down New Zealand housing market may be linked to the reduction in migration numbers to the country according to leading economist at Goldman Sachs & Partners NZ. At the same time monthly activity in the NZ property showed a flurry of sales occur in November 2010 Slowing net migration is factor contributing to weak demand for new housing and weak retail spending growth," said Jane...
Currency Solutions report on the Pounds position of vulnerabilty in the Foreign Exchange Markets. Having lost some of its recent gains since 9.30am when swelling budget deficit figures were released in the UK. As the Government prepares to implement the much debated spending cuts, net borrowing hit ã22.8 billion compared to ã16.7 billion a year earlier. Despite higher than forecast Inflation...
The Pound slumped to a one month low against the Euro on Friday but has been recovering so far today. It also suffered more losses against the US Dollar on Friday as UK exposure to problems in Ireland has been under scrutiny. Poor consumer confidence figures as well as concern over the exposure of UK banks to European debt pulled down Sterling at the end of last week. This morningââ¬â¢s mortgage...
Just when fears in Europe had been appeased by the agreement of a permanent rescue mechanism for Euro nations, the excessive amount of ratings issues realised over the last week, have shown their affect in the market. The Euro toppled down against the Pound and the US Dollar on Friday and is starting the week lower as markets digest the series of rating downgrades that agencies have been imposing on...
Brazilian real estate is this a housing bubble? The reason why overseas investors are excited by the potential taht Brazil offers was demonstrated clearly by the outgoing president Lula da Silva. He predicts that Brazil would become the world's fifth economy by 2016, however at the same time there is talk of a housing market bubble. The legacy left by Lula is impressive unemployment was at its...
Overseas investment in Iraq could see a dramatic increase in 2011 as a Turkish state owned bank opens a branch in Northern Iraq and the government relaxes laws to encourage overseas property investors to the region. Turkish state-run lender Vakñfbank is to open its first branch in Arbil, the capital of the Kurdish regional administration in northern Iraq. Vakñfbank plans to open the branch...