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 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 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 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...
"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...
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...
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...
Confidence is climbing both Spain and Portugal, as agents enjoy rising demand and improving prices. The March 2015 RICS/Ci market review revealed that confidence among Portuguese professionals climbed once again, as the index hit another record high. The positive sentiment is fuelled by strengthening market fundamentals, with sustained increases in both enquiries and sales, as well as house prices...
Demand for property in Europe has risen significantly in recent months, as political and economic uncertainty has left the euro weaker than the both the pound and the dollar. Increased spending power among British and American buyers has made European destinations such as Portugal and Spain more affordable. Indeed, on HomesGoFast.com, Spanish property is now the most popular in the world. While...
The London property market is celebrating the Conservative Party's general election win, as buyers and seller return to business as usual. The market held its breath in anticipation of the 7th May vote, as Labour's proposed mansion tax would have seen homes worth more than £2 million charged £3,000 per year; a fee that, combined with the promised crackdown on non-doms, was...