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China spends most on US real estate, but Brazil dominates Miami

China is the biggest spender on US real estate, according to new figures.  The country has become an increasingly dominate force in the global property market, as Russians decrease their activity following the devaluation of their currency. Indeed, Australia has become so concerned that demand from foreign investors, led by China, is inflating its house prices that the country has introduced...

Bank of Spain: Housing market has bottomed

The Spanish housing market has bottomed out, the Bank of Spain has said. "The adjustment of the real estate sector is, in principle, complete," Director of Studies José Luis Malo de Molina has commented. The market's recovery, though, remains complex. The Official House Price Index (OHPI) published by the National Institute of Statistics shows that prices of new homes climbed 4 per cent year-on-year,...

Foreign buyers return to Frances prime market

Foreign buyers are returning to France's prime property market, according to agents. "Since the financial and economic crash of 2008, it has been widely reported that the luxury French property market has never quite recovered, with prices largely remaining lower than those of 2007," comments Sextant French Property Network. "Hollande's proposed increased wealth taxes, the collapse of the rouble and the...

Turkey leads European house price growth

Turkey is now the country with the fastest growing house prices in Europe. Turkish real estate has gone from strength to strength in recent years, as strong population growth, improving infrastructure and a relatively upbeat economy all fuel demand for property, both from domestic buyers and overseas investors.  Now, the country has overtaken its European counterparts to become the market with the...

Brits fuel Barbados property boom

  Brits are helping to fuel a boom in demand for property in Barbados.   Royal Westmoreland, located in the parish of St James on the coveted west coast of Barbados, is undergoing its most intensive construction period in its history.   The estate, which is itself up for sale currently, with a price tag of $75 million, has expanded onto new land purchased in 2006 which covers 250...

Foreign investment floods Australias hotel sector

Foreign investment is flooding into Australia's hotel sector, just as the country attempts to crack down overseas buyers. More than $2 billion was spent in hotel transactions during the 2014 financial year, according to Dransfield Hotels and Resort Group's 2015 report, while annual returns climbed as high as 12.9 per cent in Q3 2014, according to the IPD Index. This year, the trend has continued, with...

US property sales at highest level in 9 years

US property sales have risen to their highest level in nine years. Pending transactions in April 2015 climbed for the fourth month in a row, according to the National Association of Realtors, with all four major regions recording an increase. The NAR's index of contract signings jumped 3.4 per cent month-on-month and 14 per cent year-on-year - the largest annual increase since September 2012. The index...

British demand for French property rebounds

"Once in a decade" conditions have seen British demand for French property rebound, according to agents. Leggett Immobilier's sales in the first quarter of 2015 have jumped by 40 per cent, as affordable prices and low mortgage rates combine with the weak euro to boost spending power for Brits. Demand was given another lift, though, with May's election victory for the Conservative Party. The majority...

Falling property prices put France back on the map

France is climbing back up the popularity ladder when it comes to foreign real estate buyers according to Google. Their search data shows a strong increase in demand among foreigners looking for property in France: in Q1 2015 search queries were up 18.8 % on the same period last year. Although Russian buyers have almost disappeared, the British are renewing their love affair with the République and...

UK extends Right to Buy in Housing Bill

The Right to Buy will be extended by the UK government in a new Housing Bill.  The Bill, which will be announced as part of David Cameron's Queen's Speech on 27th May, will form part of the new policies that will underpin the Conservative  Party's term in office, following a majority win in the general election. "Our Housing Bill will offer over a million people a helping hand onto the housing...