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Interest in French property gathering pace

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...

India and China identified among emerging markets

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...

Commercial Australian property remains healthy

Fears that commercial Australian property is headed for a slump have been dismissed by forecasters, although potential future points of concern were identified. Retail and industrial property in the country were recognised as positive by John Talbot, head of capital markets at property and investment managers Jones Lang LaSalle, according to the Western Australian Business News. "The retail and industrial...

Prices rise in US property sector

The US property sector is experiencing a rise in prices as the market across the Atlantic continues to boom. According to real estate experts in the country, property prices in areas popular with British second home owners, such as Florida and California, rose up to 11 per cent in a year. In California, the median resale price was $562,380 in March, in New York it was $263,000 and US property prices rose...

Costa Rica an increasingly popular option

The Central American country of Costa Rica has been identified as one of the most popular areas for overseas property investment for retirees, business owners and second home buyers. A multiple listing service has also been incorporated into the property market in Costa Rica, augmenting the growing popularity of the sector by providing a central forum on which buyers and sellers can do business. Among the...

Indian property to become more available for investors

It has been announced that investment in Indian property is to become a more viable option for those in the property market, as guidelines have been approved for real estate mutual funds. The Securities and Exchange Board of India (SEBI) has authorised a Real Estate Mutual Fund Scheme (REMFS) which will have an objective to invest both directly and indirectly in real estate property. There are restrictions...

Global Insight comments on upbeat UK property market

Financial analysts Global Insight have commented on the latest Hometrack survey of the UK property market, saying that it is indicative of the generally upbeat condition of the housing market at the current time. There appears to be a positive outlook for people wishing to sell property, as the number of sales agreed rose by over eight per cent in June, compared to 3.3 per cent in May. Hometrack also noted...

Popularity of Spanish property continues to boom

A new report has found that the popularity of Spanish property as a second home for British people continues to be strong, as 65.7 per cent of Brits would choose this country as their preferred destination to set up a new residence. The Barclays-IESE Barometer has confirmed the strong presence of British ex-pats in Spain, with areas such as Alicante and Malaga particularly popular. However, a change was...

South African property market buoyant

The state of the South African property market has been described as buoyant in the latest bulletin from the South African Reserve Bank (SARB). Throughout the first five months of the year, conditions in the market remained fairly stable, despite the rate of increase in property prices slowing down, the Sunday Times of South Africa reports. In January the year-on-year rate of increase was measured at 15.2...

Overseas property to be showcased for Irish farmers

A show to exhibit overseas property to the Irish farming market has been announced and is intended to offer an avenue of investment to which these individuals would ordinarily not have access. According to Overseas Property Professional (OPP), the farmers targeted by the exhibition have a collective €700 billion (£481.78 billion) fortune ready to be put into overseas property. Around 150,000 of...