Following her separation from singer Seal, supermodel, producer and TV show host Heidi Klum has splurged a cool $9.9 million on a 11,000 square feet Bel Air mansion. The 12-acre property has a private swimming pool with stunning views of the city and hilly landscape. It has eight bedrooms, nine and a half bathrooms, a wine cellar and a number of decks providing scenic vistas of the sprawling real...

Luxury property in Paris is going on offer at knockdown rates as workers in the French capital look to flee from new tax rules. Bloomberg.com says foreign buyers are jumping at the chance to save up to ten per cent on assets in this market compared to values in 2012. The luxury market saw a glut in high-value property after French president Francois Hollande ordered employers to pay a 75 per cent...

A report has shown that fewer real estate investors in the US are buying houses and then selling them on six months later at a profit ('flipping'), as the specialists were finding it harder to spot a good investment. The number of investors buying property to then flip it fell 35 per cent from the second quarter and was down 13 per cent from the third quarter in 2012, worldpropertychannel.com reports....

In the second quarter of this year, Spain experienced a surge in overseas property investors - new figures show.     According to globaledge.co.uk, figures from the General Council of Notaries highlight how the number of properties purchased by foreign buyers increased by 43 per cent in Q2 compared to the same time 12 months ago. The majority of foreign buyers did not purchase a home in order to live in...

Property prices in Melbourne are expected to fall by more than ten per cent by 2017 - due to over-building. According to theaustralian.com.au, BIS Shrapnel managing director, Robert Mellor, predicts that apartments in the central business district, Docklands and Southbank areas of Melbourne can expect to see their prices decline by over ten per cent. He says this is thanks to over-building in these...

Sales and price forecasts for residential property in Canada have been updated, following the market performing better than expected. According to propertywire.com, the Canadian Real Estate Association (CREA) has predicted that the number of properties sold will reach 449,900 in 2013 and prices are expected to rise 3.6 per cent, making the average property price $376,300. CREA forecasts that in 2014,...

Improvements to structure and organisation in the UAE property market is set to entice more foreign buyers to make a purchase, news.silobreaker.com reports. Ahead of the 2007 financial crash, the UAE was one of the strongest property markets on earth, with rising prices offering buyers an almost guaranteed return on their investment. This aggressive growth also brought about a severe decline, however, with...

Portugal's fast-track 'Golden Visa' scheme is proving a success, having attracted millions of euros-worth of investment from overseas property investors, theportugalnews.com reports.   Records show that the scheme, which makes it easier for non-residents to buy a property in Portugal, has been taken-up by people all over the world. According to the Portuguese Ministry of Foreign Affairs, applications...

Facebook officials have revealed plans to build an apartment complex on the site of their headquarters in California, ibtimes.com reports. The social media giant's new staff development will be situated at Menlo Park, right next door to its offices. It has been proposed as a way to help alleviate the shortage of housing in the area, which has been a source of difficulty for Facebook...

Real estate prices and sales are continuing to rise in Miami, Florida, with condos and family homes in particular seeing a huge rise.    According to propertywire.com, the Miami Association of Realtors reported a 15.1 per cent rise in single family home sales in August and condominium sales increased by 7.9 per cent.    The average sale price of both family homes and condos increased too, as the...