Turkey's Varyap Meridian residential and commercial development has won the 2009 International Property Awards for Best Real-Estate Project and the Best High-Rise Building in Europe. The new complex is being constructed on the Asian side of Istanbul in Atasehir and should be completed in 2011. The environmentally friendly complex consists of 1,500 residential units, a five-star hotel and office as well as...
The Dubai residential property market is starting to stabilize, according to the latest report from property consultants Jones Lang LaSalle. At the end of the second quarter of 2009, the decline in achieved prices slowed to 6 percent. The achieved price is the amount a seller receives compared to the amount asked. Additionally, there is a considerable supply of new units coming on line despite the many...
Distressed property sales have increased in more than 75 percent of countries around the globe. The Royal Institution of Chartered Surveyors (RICS) recently carried out a survey on distressed properties in the commercial property marketplace. Of the 27 countries surveyed, more than 75 percent of respondents reported a rise in the number of properties which are coming to market under distressed conditions...
Home prices in Florida are more affordable than they have been in decades, according to the Florida Association of Realtors (FAR), making this an ideal time to buy. In the Tampa Bay metro area, home prices are now more affordable than they have been in the last 20 years, says Moody’s Economy.com. The median home prices in the Tampa - St. Petersburg – Clearwater metro area came in at $139,400 for the...
France and Germany announced a return to economic growth this week – signalling (technically) the end of the recession in two of Europe’s biggest economies. This is in stark contrast to the Bank of England who are painting a downbeat picture in the UK. Mervyn King, the Bank of England’s governor, said in his quarterly inflation speech this week that any recovery in 2010 in the UK is likely to be...
Overseas property investors and those seeking a holiday home abroad should have Florida high on the agenda according to the international real estate website Homesgofast.com and the Forbes Traveler magazine. Forbes Traveler named Orlando Florida as North America’s top holiday on spot in its newest ranking of destinations in the US, Canada, Mexico and the...
The long arm of the law has stretched from Turkey to Northern Ireland and has resulted in Ulster based suspect Mr Kevin O'Kane facing charges for a Turkish property scam. The suspect had fled Turkey and the Turkish Police whilst he was still under investigation for the alleged crime. His passport was seized by the Turkish authorities and he was ordered not to leave the country, but in June 2007 he fled...
London 08/08/2009- A report from the Treasury Select Committee is calling for harsher action against some mortgage companies by the Financial Services Authority. It asked for the body to "raise its game" against companies that are not treating consumers fairly. The FSA was not naming and shaming those lenders that were making excessive charges against people who have fallen into arrears City experts...
LONDON 08/08/2009- Selling or buying an overseas property may have become a little less expensive according to the Post Office who has just launched a new foreign currency money transfer service. The service is targeting those who are bringing money back to the UK after selling an overseas property and those who transfer money with pensions or mortgage payments The Post office says its new service is...
The Australian housing market is showing signs of a recovery as it witnesses significant house price rises in Sydney Melbourne and Perth average house prices in Darwin outstripped all regions now with the highest median house prices. Australian Property Monitors reveal the average city house price figures: Sydney- $547,193 Melbourne- $465,113 Adelaide- $417,404 Canberra- $488,213 Perth-...