Private developer Damac Properties has added a new dimension to the overseas property market in Jordan by opening The Heights, an ultra-modern, 35-storey tower which is one of the first residential high-rises in the country. The construction stands in the Abdali area of Amman, Jordan's capital city, and features a range of options for investors interested in property abroad. Studios as well as one, two and...
The Chinese property market is set to become more safely monitored for investors as new measures have been announced to crack down on any irregular practices in the sector. A joint circular has been issued among the ministry of construction, the national development and reform commission and the state administration for industry and commerce in the country regarding the methods used in all real estate...
Homeowners in the UK hoping to sell a property could be encouraged by the news that the market is currently very fruitful for sellers, with prices increasing by 2.9 per cent in the past four weeks. According to the latest survey from real estate company Rightmove, UK property prices rose by £1,500 per week in the month up to July 8th, creating an overall average house price of £217,580. This is...
International investors will be able to take advantage of a comprehensive method of surveying South African property, as a real estate group has announced that it is going to offer inspection trips. Aida National Franchises plans to team up with African Olive Travel Concepts to offer the tours to overseas customers who are assessing the prospect of South African property. The intention is that potential...
Prices of property in the UK are beginning to stabilise while still showing positive growth, according to the latest Assetz house price watch. In June, the average annual rate of growth in prices was 6.74 per cent, compared to 6.52 per cent in May and the 4.23 per cent that was measured at the beginning of 2006. The average price of a home was therefore also slightly up, from £189,317 to...
A new survey has found that issues such as affordability and location are not the only issues that UK property buyers consider, as having nice neighbours and living in an area with a good community spirit were also found to be priorities. The research by Linden Homes found that living in a nice community was the second most valued aspect of life for people asked on their opinions on what makes a "positive...
DSL Exhibitions has announced that its third Resale and Rental Property Show for Dubai property is to be held at the city's Crowne Plaza on September 8th and 9th. The exhibition comes at a time when individuals are expected to begin to take a stronger hold on the property market in the United Arab Emirates (UAE), the Dubai Life website reports. This development is due to the fact that previous restrictions...
The Halifax house price index has reported that the prices of residential UK property decreased by 1.2 per cent in June compared to the previous month. House prices in the UK saw an overall increase of 4.5 per cent in the first half of 2006, however, and a rise of 2.6 per cent in the second quarter of this year. This second quarter rise was noted in all regions of the UK except for Wales, which saw prices...
The commercial European property market is expected to offer more returns to investors than the UK sector over the next five years, Scottish Widows Investment Partnership (SWIP) reports. Overall the organisation expects the commercial property market in the UK to produce returns of seven per cent over the next five years, compared to a prediction of over eight per cent for the same market in western...
Interest in German property is steadily on the rise, with British investors at the top of the list of those investing in the country, according to new research. A study by German property specialists DEGI has shown that there were 152 commercial property transactions in the first half of 2006, amounting to a total value of 21.34 billion (£14.75 billion). Overseas investors made up 55.2 per cent of...