The International real estate price boom that has seen investors heading buying overseas property could be at an end according to the latest Global Property Guide survey of house price indicators. 21 countries in the guide saw decreases in house prices however 13 countries in house price indices saw prices rise during the year to end Q1 2008. It is clear that where house prices are not falling, they...
This years Exclusive Property Show taking place in London looks like a who’s who of the international real estate industry. With names such as Sothebys, Christies and the Ritz Carlton Club in attendance and lead sponsors Financial Times it will be a luxury exhibition like no other. EPEX is unique among property exhibitions. Focussing exclusively on properties from £500,000 to £25,000,000 EPEX is...
The Dacha, a traditional Russian country or holiday home, is making a reappearance in the country as the newly wealthy citizens look for homes outside the capital city of Moscow. As the wealth of many Russians has risen, particularly with surging oil and commodity prices, the desire for homes in gated communities has also risen. James Brooke, a real estate director in Moscow, was interviewed in the...
Jamaica has lagged behind many other Caribbean countries in terms of property prices and demand, but that is changing. Prices for beachfront property have been rising over the past several years as demand has increased. The increase has come as hotel companies have also discovered Jamaica and made substantial investments in the Caribbean island. Some of the new hotel properties on the island in recent...
England’s House Builders Association says that only 110,000 new homes are on target to be built for all of 2008, well below Prime Minister Gordon Browne’s goal. Mr. Browne’s announced target for new homes is 240,000 per year by 2016, while current growth levels are projected at approximately 233,000 new households per year. The government’s goal includes having 3 million new homes constructed by...
Antalya Turkey has been recognized as a premium golfing destination by the The International Association of Golf Tour Operators (IAGTO). The global trade organization for golf tourism, annually presents awards for the best resorts and countries for golf throughout the world, and in 2008 Turkey won for the Golf Destination of the Year – Europe. Ali Sahin, Director of Golf, Cornelia Golf Club & IAGTO...
During the month of May, 2008, UK home prices dropped 2.4%, according to a report from Halifax, the nation’s largest mortgage lender. Over the past 12 months, prices have dropped 3.8%, after seeing prices rise substantially for several years. The average home price during May was £184,111. The Nationwide building society found that prices fell 2.5% during May in its latest study on housing. The Bank...
The Florida Association of Realtors and international real estate portal Homesgofast.com both note positive movements in the Florida property market. The realtors’ associations’ most recent sales report shows that there was an upswing in existing home and condominium sales in April, 2008 over the previous month. 11,200 homes were sold in April, while 3,900 condos were sold during the month....
Property prices in France have slowed over the past year, according to new reports from France’s national land agency, Société d’Amenagement Foncier et d’Etablissement Rural, or SAFER and the Federation of Estate Agents, or FNIAM. For all of 2007, prices rose only by 3% across the country, well below the average of 13% for the past 10 years. Apartments and houses both outpaced the commercial...
The former home of the Budapest Stock Exchange Vörösmarty Square right in the heart of downtown Budapest is going to be remade into a shopping centre and galleria. ORCO Property Group is developing the center, to be called Váci 1, which is being designed by world renowned French architect Christian Biecher in cooperation with the prestigious Hungarian architect office of Kõnig and Wagner. Iain...