According to the China based Global Times Property developments in Australia CanadaCyprus US, and South Korea make up a good percentage of the real estate on offer at Beijing’s 18th annual summer property fair. Following state housing regulations issued May to cool the market, the focus this year will be on other parts of China and the world, rather than Beijing, organizers told Lifestyle. Liu...
As speculation grows over the forthcoming Budget in the UK the decision to keep the base rate on hold at 0.5% has been met with little surprise by property professionals. The decision by the Bank of England’s Monetary Committee means the rate has been on hold for the fifteenth month running. Head of Knight Frank Finance, which specialises in mortgages over £1m. "Today’s announcement was very...
The French government are selling of 1700 French properties in a bid to save money in maintaining the French buildings some of which include a grand 1800 Chateaux. The opportunity is open to overseas property buyers who could be set to won something very unique in France. Budget Minister Francois Baroin said in announcing the sell-off Wednesday emphasised that no dodgy money would be accepted and that...
The recession in the UK and the inability to get credit has resulted in an estimated 165,000 British households suffering at the hands of illegal money lenders. The Office of Fair Trading is taking part in a campaign to warn people of the dangers of loan sharks that charge exorbitant interest and use violence and threats to enforce debts. As part of the 'Stop Loan Sharks' campaign, the OFT and the Trading...
19/05/10-The Australian Dollar, which has enjoyed enormous strength against sterling over the last 18 months, finally showed some signs of weakness today on the back of comments from the Reserve Bank and global movement of investments into US Dollars. In a rare piece of good news for those of you who need to transfer money to Australia, the rate against the Pound is 5c better in just one day’s...
Prince Charles alleged role in changing the plans laid down for a modern development on one of London’s most expensive building plots in Chelsea has come under scrutiny. A court case where property developers are suing developers Qatari Diar for £81 million for breach of contract reveals the extent that the Prince become involved in the affair. Prince Charles will not be called to give evidence, a...
Home Information Packs or HIPs are set to be scrapped by the new coalition government but Energy Performance Certificates are set to remain. The much awaited publication of the Coalition Agreement makes it clear that the new Government will scrap HIPs whilst retaining Energy Performance Certificates. A HIP is required under law before a homeowner puts a property on the marketThis is bad news for the...
Good house price news from the US came in the form of house price gains for HonoluluHawaii which has seen a 3.3% increase from three months ago, the highest growth of any metro area in the country. According to data from Clear Capital Show Honolulu was not the only US region to see positive house price gains. In San Francisco, California, the area continues to lead the group in yearly price gains at...
The Daily Mail highlighted Turkey and in particular Belek as the next Algarve as the regions golfing community grows with 21 golf courses with several more planned Golf has always attracted overseas property buyers and the sight of stunning green golf courses along with 5 star hotels will always make any would be investor take note. As Turkey's property market benefits from being outside the Eurozone...
The Cypriot property market which had been served a double blow from title deed rows and the economic downturn appears to have got over the worst with house price gains and investment from Qatar Some welcome statistics from the Department of Lands and Surveys show that property sales were up 11% in April compared to the same time last year and up by 25% over the first four months of this year...