Continental property market shows positive signs

The property market in Europe has shown signs of positivity, according to ft.com. Over the past three months, confidence has grown among global investors that the property crisis in Europe is coming to an end. The value of overseas property transactions in Portugal, Greece, Italy, Ireland and Spain increased by 60 per cent in the quarter to July. Head of research in Europe for Cushman & Wakefield,...

The shepherds house that became a million pound villa

It's not every day you see a shepherd's house for sale, let alone for £1 million. But this is no ordinary herder's outpost, explains Rosalie. Renovated to exacting standards, the property has left behind its humble beginnings: where once was a shepherd's house is now a millionaire's dream villa. “It dates back to the 1500s,” says Rosalie, “when it was known locally...

Geneva property prices in state of flux as authorities mull over forfeit

Additional housing costs that will come out of the tax breaks enjoyed by British ex-pats in Geneva could affect the local housing market, telegraph.co.uk reports. The Genevan tax break dates back some 150 years and has been identified as one of the main reasons for Brits to move to the Swiss city, as it enables them to drastically reduce both income and wealth tax. Changes to the system could be on the...

Ibiza needs high-end property to meet growing demand

Ibiza would benefit from the development of new, top-of-the-range houses to meet ever-growing demand, easier.com reports. Despite the housing crash still blighting much of mainland Spain, demand in Ibiza remains strong - especially at the top end of the market. Despite this, the number of new properties entering the market is still pitifully low, with just 43 homes given the go-ahead for construction in...

Australian housing market recovery in full swing

The Australian housing market recovery looks to be in full swing, according to new figures. Data gathered by RP Data-Rismark has indicated that house prices are 5.3 per cent higher than they were last August. Perth (9.4 per cent) and Sydney (seven per cent) were cited as the main cities driving this growth, which is great news for any residents selling homes there. According to reuters.com, Sydney...

Major housing projects planned in four areas of Singapore

Four areas of Singapore have been earmarked for major housing development projects. According to sbr.com.sg, more than 80,000 homes will be built on sites in Tengah, Bidadari and Tampines North over the next 25 years. Punggol has also been cited as another spot for development. National development minister Khaw Boon Wan revealed details about the projects at a recent Housing Development Board (HDB)...

Portugal Golden Visas Help Overseas Property Investment

Portuguese real estate investment incentive the 'Golden Visa' is proving a success with wealthy Chinese international property investors. Golden Visas are temporary-residency permits to foreign investors and could help Chinese, Russian and Indian investors access to Europe. They reward international investors who transfer capital, create jobs, and buy property in Portugal  Golden Visas are set to...

Sales increase for Shanghais luxury property

New data shows that sales were up for Shanghai's luxury property market in the second quarter of the year, according to propertywire.com. The statistics were taken from Knight Frank's latest Luxury Residential Market Report. It found that the number of sales in the time period were 39.9 per cent higher quarter on quarter. Year on year, sales have also risen by 12.6 per cent. Considering the rise in...

Dubai Property Market To Suffer As Indian Investors Restricted

  The overseas property market may be in for a sudden drop in Indian investment owing to new Reserve Bank of India rules aimed at stablising the Indian economy.  The effects on international property sales could be global however one region may suffer more than most. The Dubai real esate market benefits from sustained property investment from Indian overseas buyers but could now face a huge drop in...

US house prices continue to rise

According to the Standard & Poor's/Case Shiller index, house prices in the US continue to see a strong growth. The index showed that US house prices were 12.1 per cent higher in June this year, compared to June last year - although as investing.com reports that the figure is slightly below May's. During that month, prices grew by 12.2 per cent. Despite that, house prices rose across every city measured...