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...
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...
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...
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...
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...
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...
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...
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...
Speaking at the Chartered Institute of Housing's (CIH) annual conference yesterday, economist Andrew Dilnot stressed the importance of UK property to the economy. He acknowledged the fact that Chancellor Gordon Brown did not have a huge amount of funding to allocate in the next spending review, but insisted that some of it must go to housing. One of the main reasons given for the expected shortage of...
The popularity of luxury properties in Canada is currently on the increase, according to a new report. A study by Canadian real estate company Re/Max has reported that the demand for this type of property has reached an unprecedented level. According to financial group Canoe Money, the real estate agent reports that the rate at which expensive home sales are increasing has never been seen before in any...