Large developers are beginning to lose out to individual buyers and investors in the Dubai property market, it has been claimed. Shuckri Bundakji of DSL Exhibitions, the organisers of the upcoming Resale and Rental Property Show, told Discover Dubai that it was "simply a matter of time" before supply and demand were determined by individuals prepared to buy property. Consequently, these individuals have...
The tourism industry in Spain is as healthy as ever and consequently the Spanish property market is benefiting, it has emerged. Figures from the UN World Tourism Organisation have shown that Spain was in the top five countries in southern and Mediterranean Europe to experience an increase in tourism in the first quarter of 2006, with a six per cent rise in activity. Based on the country's popularity as a...
Croatian property is becoming an increasingly popular option for overseas investors looking for affordable property in a good climate. Most investors in the area are English, Irish and Dutch, Slavica Gavranic, manager of Croatian estate agent Dubrovnik Sun, told Reuters. The Adriatic city of Dubrovnik is reportedly the most popular area, where property prices can reach 10,000 (£6,900) per square...
Bulgarian property is currently presenting an attractive option to investors, according to reports, as it has recently experienced a boost in the rate of return on outlay. According to Investment International the expected return on investment in Bulgarian property has jumped from 116 per cent at the beginning of the year to 137 per cent. Bulgaria is due to be granted entry to the EU in 2007 or 2008, which...
A new guide for people interested in buying or investing in Spanish property has been introduced by The Rights Group (TRG). Mark Wilkins of TRG said that Spain was identified as the second most popular place to invest by television programme A Place in the Sun following recent research. Although it is popular, investing in Spanish property can be tricky owing to differences in the country's legal system,...
Prices of Maltese property are currently on an upward trend and showing no signs of easing, according to overseas property agents Tribune Properties. The prices of property in Malta were reportedly the highest of all EU members in 2004 and have continued to increase since then, with government figures showing that a sixteen per cent rise took place in the year to March 2006. Demand for Maltese property is...
Indian property developer Unitech has toasted the current boom that is taking place in the country's property market, having seen its quarterly profit to March rise to 354.6 million rupees (£4.2 million). This is an increase of 450 per cent compared to the 64.5 million rupees of profit that Unitech experienced in the quarter up to March 2005. Overall net sales almost doubled for the company, from 1.2...
The Canada Mortgage and Housing Corporation (CMHC) has reported that people moving into British Columbia (BC) from abroad and from other provinces has increased demand for property in the region. Carol Frketich, BC regional economist for the CMHC, said that between 1998 and 2002, the Canadian property market experienced a slowdown in construction as around 57,000 people moved out of the BC area. From 2003...
Demand for French property is currently on the increase, as the latest Global Hot Spot Index from foreign exchange specialists HIFX has reported that 45 per cent of people have enquired with the company about France. Partly down to recent interest in leaseback schemes, it is now believed that the property market in France is now an attractive proposition to both buyers of holiday homes and investors. The...
Countries such as India and China have been identified by overseas property investors as potential growth markets for the future, according to reports. Other regions noted as possibly beneficial areas for investment at the Reuters real estate summit in New York included Russia, Mexico, Japan and parts of South America. These markets have been recognised particularly by American investors as areas of...