The number of pending home sales in the United States has risen for six straight months, according to the National Association of Realtors (NAR). That hasn’t happened since the NAR began tracking pending sales in 2001. The Pending Home Sales Index increased 3.2 percent in July, to 97.6 from 94.6 in June. It was 12 percent higher for July, 2009 than the previous year, when it stood at 87.1. The...
Home prices in Greece have weathered the international economic downturn reasonably well and the outlook for the future is solid. According to the Second Quarter 2009 Real Estate Comment from the Bank of Greece, appreciation in home prices peaked at 13.9 percent in the first quarter of 2006 and have moderated gradually since then. The first quarter of 2009 saw a drop in Greek home prices of 1.9...
Colordarcy Investment has recently published the Florida Property Guide to help potential investors in the Florida property market and it has already helped thousands of people. The Guide available online to download is a free resource for investors looking into property in Florida. Nicholas Marr, CEO of international property portal Homesgofast.com, says that the Florida Property Guide is already...
Property investment in New Zealand is gaining a new lease of life as overseas investment increases with the help of internet-based organisations. A leading online agency New Zealand Property Solutions www.nzps.com reports that international property investors are attracted to the lower priced property coupled with high rental returns and capital growth. With the recent turbulence faced by the global...
The real estate market in the popular Australia destination of Queensland is showing signs of recovery. The latest figures from the Real Estate Institute of Queensland (REIQ) show that the volume of sales in Brisbane rose by 28.4 percent in the second quarter of 2009. Along the resort areas of the Gold and Sunshine coasts, sales were also up by more than 17 percent for the quarter. “We are cautiously...
American actor Brad Pitt recently took a quick trip to northern Spain to visit the Niemeyer Cultural Center and look into the progress of the Aviles Island of Innovation. The project is a major urban redevelopment of this port city on the Atlantic coast of the country. Pitt is interested in sustainability and innovative architecture and the Island of Innovation is working to transform the old industrial...
The latest data from the Global Property Guide shows that the world housing market is showing signs of recovery. Seven countries have emerged from the housing price slump for the quarter, but many countries suffered significant drops in the first half of the year so the overall picture is still somewhat down, but looking better. China, Portugal, Australia, New Zealand, France, Sweden and Hong Kong all...
The Dubai Metro will be officially inaugurated on September 9th and is expected to increase the values of nearby properties. Though growth has slowed in the emirate recently, it is still expanding rapidly. Residents and visitors will be able to get around the city and emirate much easier with the new, modern Metro Line. The Metro’s Red Line will be the first to open and will have 10 stations when it...