A survey has dismissed speculation surrounding the Dubai property market that it is heading for a "bubble burst".The poll, conducted by exhibition organiser DSL, asked the opinions of 315 real estate companies and found that 92 per cent believed that prices were still rising owing to healthy demand.For apartments, however, the study did find that prices are currently more stable, staying relatively...
Owners of million pound homes appear to be increasingly turning to the internet as they strive to sell their property in a market which can pose many challenges to sellers.The sale of a home which is over the million pound mark is a practice substantially different from selling other types of real estate, with genuine luxury home buyers proving a rare breed within today's market.In response to these...
The annual rate of inflation in the UK property market has slowed down from 5.6 per cent in May 2006 to 5.2 per cent in June, the government has announced.In London, the reduction was more pronounced, from seven per cent in May to 5.8 per cent in June, while the annual inflation rate for the quarter up to the sixth month of the year was 5.3 per cent in the UK and 6.5 per cent in the capital.The...
Britons investing in overseas property are fuelling a global boom in the industry, according to a new report.The overseas property market has gradually become more popular over the past decade, with the rise in usage of low-cost airlines and ever increasing house prices in the UK.Estate agent Knight Frank has published research on levels of inflation in foreign countries â which is prompted by...
The price of Chinese property in Shanghai decreased by 2.8 per cent on an annual basis in the second quarter of 2006, the China News Service has said.However, while houses in Shanghai are becoming more affordable, overseas property investors who have already purchased homes in other areas will have seen a gain on their outlay, as Shanghai was the only one of China's 70 major cities to see a decline in...
Spanish property is set to receive a boost in exposure this summer, with figures showing that tourism in the Costa del Sol region is expected to reach a ten-year high.Overseas property investors considering Spain will contribute to a hotel occupancy level of 85 per cent this summer â higher than last season despite the fact that there is more hotel accommodation available this year.Juan Fraile,...
The Canadian property market is set to offer increased levels of supply to overseas property investors in the near future, with a record number of housing starts measured in July.Construction was commenced on 236,500 units last month â an increase of 100 units compared to July, figures from the Canada Mortgage and Housing Corporation (CMHC) show.On a seasonally adjusted basis, the annual rate of...
A new region of Spain, the Costa de la Luz area on the south coast, could soon become a new area of interest for overseas property investors following a new deal to begin developments in nearby Gibraltar.Preliminary plans have been put in place to improve access to the airport in Gibraltar, as well as provide more favourable pension arrangements for Spanish citizens living there, according to reports.These...
Overseas property investors are continuing to invest in France, owing to the options for return that it offers, it has been claimedFrench property has been a regular choice for investors for a long time, according to the Independent, and continues to be despite new and emerging markets.Property sectors in eastern Europe are gradually achieving a higher profile in the eyes of investors, while areas such as...
People looking to sell UK property will see a benefit from the current trend of rising house prices, with recent figures showing that the average value of a house has increased by 7.71 per cent.Figures from the Land Registry show that the average price of a house is now £199,184.Contrary to the trend of London seeing the highest price increases, the north experienced most inflation in property...