22/12/09-UK house prices have been steadily increasing throughout 2009 owing to lack of supply and the trend is set to continue to the spring of 2010. The predication comes from The Royal Institution of Chartered Surveyors (RICS) RICs also predicted that the number of property sales is also likely to rise to a monthly average of 70,000 up from the current level of between 55,000 and 60,000. 2010 will...
21/12/09 The Australian state of Victoria is leading the national housing market recovery in Australia according to latest housing starts statistics. Victoria is the second most populates state in Australia. Bordered by New South Wales to the north, South Australia to the west, and Tasmania to the south, across the Bass Strait. Over 70% of Victorians living in Melbourne the state capital and largest...
21/012/2009 - Spanish property prices have not bottomed out and according to one Spanish bank property in Spain was over valued by 30% and have only dropped 10%. The biggest house price falls to come are likely to be in the holiday hotspots where many overseas buyers have bought and will be lead by the Banks. Banks are now Spain’s biggest property owners having repossessed property as loans went...
17/12/09- The Algarve International Circuit which was named "Motorsport Facility of the Year" by the 'Professional Motorsport World Expo Awards 2009 is to become an investment hotspot for international property investors. To kick start the investment twenty hotel units have been released for purchase from 16,500 Euros. The Autodromo which is said to be costing €195 million (approximately $250...
Marc Jackson can sell his luxury £1.8 million home to anyone in the world in the next two months. But in February 2010, Australian law will prevent hime from selling his property to an international buyer. That’s because Marc has been living in his master built home since it was first completed 10 months ago. Therefore, in two months’ time, Australian law will re-classify it as an established...
14/12/2009 - New investment laws mean foreigners can invest in land and housing in Iraq. Iraqi law is now positively encouraging overseas property investors to the region and have reduced red tape to make the process much easier. Oil rich Iraq could well be an investment hotspot as the violence subsides and investors have the opportunity to acquire real estate at rock bottom prices. Iraq is banking...
12/12/09-Tiger Woods' wife Elin Nordegren maybe moving from her luxury family home in Florida to the cooler climate of Sweden according to recent reports. Tigers wife has bought a house that has cost more than $2 million in Stockholm. The New York Daily News describes the home's location as "a small, secluded island reachable from Stockholm only by ferryboat. The news of the new home in Sweden comes as...
12/12/2009- Property prices in Orlando are at their lowest levels since 2001 with the average house price at $123000 (approx £75,650) according to reports from Florida based Orlando Sentinel. The news comes as the Orlando Regional Realtor Association report that home sales have doubled from a year ago International investors and those seeking to buy a second home in the sunshine state seem set to get...
A leading independent global property consultancy has added a new optimism for overseas property investors with the release of its global house price figures. Knight Frank reports that the recovery in global house prices continues with values increasing in 68% of the countries. The increases are still lower than 12 months ago in 57% of the international locations. One surprise winner comes in the form of...
Australian property investors are now even closer to Qatar with the recent announcement that Qatar Airways has launched new flights between Doha and Melbourne. Qatar's multibillion-dollar programme of expanding the country's transport infrastructure is gathering pace with a firm opening date set for the Doha's new airport, tenders called for the first stage of a rail link and plans to revamp the public...