French property among positive performers in Europe

Overseas property investors with financial interests in European countries received an 11.8 per cent local currency return in 2005, according to research from Investment Property Databank (IPD). Total returns measured by the index were more than one fifth higher than the 9.6 per cent level noted in 2004. The company's Pan-European Property Index showed a large diversity of sources for capital gains for...

Chinese property market booming

The Chinese property market is in a period of substantial growth, with large amounts of overseas property investment coming into the country, according to reports. Industry observers in the area have attributed recent rises in property prices to an expanding inflow of foreign capital to China's real estate industry, Shanghai Daily has claimed. Many major companies have been involved with the development of...

House prices encouraging for those selling property

Homeowners asking themselves the question 'should I or shouldn't I sell my house' could be encouraged by the current condition of house prices in London. A report from estate agent haart has shown that house prices in the capital have recently risen for the eighth consecutive month. The average price of a house in London increased in May by one per cent to £250,137, with properties in the north-east...

Popularity of Turkish property on the increase

The level of interest in Turkish property is currently on the increase, as the sixth Real Estate Summit, recently held in the country's capital of Istanbul, attracted 3,000 domestic and foreign investors and developers. According to investment magazine FDI, the summit focused on a number of issues of interest to people looking to buy Turkish property, such as the recent boom in the country's construction...

Confidence rising for people selling property

A survey released today has stated that homeowners considering selling a property are currently doing so with increased confidence. Alliance & Leicester's borrowing monitor reports that at the beginning of the year seven per cent of households said they were thinking of selling a property and moving house or remortgaging. Recently, however, 15 per cent of homes said that they were planning to sell...

ERES conference to provide information on overseas property

A conference of the European Real Estate Society (ERES) which will provide a range of information on overseas property investments will be held in Weimar in Germany this week. The event will be held from June 7th to June 10th at the Neue Weimarhalle and will be hosted by the Bauhaus University in cooperation with the German Society of Property Researchers. It will be the 13th annual ERES conference and...

Watchdog warns overseas property buyers to wise up

Consumer watchdog Which? has published a new guide to help Brits thinking of investing in overseas property. Buying Property Abroad costs £9.99 and can be bought from bookshops nationwide, or ordered online or over the phone. Which? estimates that more than a quarter of a million people in the UK owned property abroad in 2003/2004, but warns that it is important not to get burned. The watchdog...

Bulgarian property boom continues

Property prices in Bulgaria have risen by almost five per cent in the first quarter this year, according to the Real Estate and Investment Forum (RINVOR). The Eastern European country is fast becoming a property hotspot, with many overseas investors seeing potential for high returns on rental property. Sights like the Black Sea and Balkan mountain range are tempting tourists to take advantage of the many...

Florida homeowners to contribute to hurricane fund

As the 2006 hurricane season begins for the east coast of the United States, Florida property owners have learnt that they will have to pay one per cent of value of their home insurance to cover an insurance deficit of $1.5 billion. The assessment will replenish the local Hurricane Insurance Catastrophe Fund, which will be out of pocket when tax-free bonds are sold to cover the cost of repairs from the...