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Movement in Greek Debt & Currency Transactions

The Greek economic situation remains the focus of economic news this week. However, in contrast to previous weeks, the news was comparatively positive. The key event has been the debt swap, the largest restructuring of a Government’s debt in history. This debt-swap was one of the key conditions for the latest bailout, and analysts believe that if Greece had been unable to secure the...

Greece & Bulgaria offer superb property bargains

Greece’s economic problems may be well documented, but the country’s woes offer opportunities for overseas investors looking to buy property in the Southern European nation.  Similarly, prices in Bulgaria have also slumped since the pre-credit crunch levels, offering bargains to overseas property investors. It is possible to pick up a bargain property in both countries, as...

Canadian property prices may fall after mortgage war

2012 could be the time to buy a property in Canada.  Recent comments from many senior figures at Canada’s main banks have indicated that they anticipate falls to prices of properties in the country, leading to reduced price homes for overseas investors. This is particularly likely now a short-term ‘mortgage war’ between major banks has subsided.  Keep reading...

Oprah Winfrey New York penthouse on the market. Or is it?

A new, luxury Manhattan penthouse has recently hit the market.  The stunning penthouse in the Midtown tower Place 57 is for sale at a cool $7.9 million. In 2008, it was reported that the property was purchased by former news anchor Gayle King – coincidentally the best friend of talk-show legend Oprah Winfrey.  So, has the property been Oprah’s all along?  We find...

UK Economy Update

The UK economy has enjoyed a relatively positive few days compared to last week, increasing the value of sterling. While last year saw concerns of further quantitive easing, market analysts now see any further QE in the foreseeable future as being unlikely. UK manufacturing data, whilst being lower than expected (down to 51.2, below forecasts of 51.8), was still positive enough to keep above the...

Adele graduates to luxury British mansion

For a girl who has lived most of her life in small apartments and bedsits, Adele’s new home is quite a change of scenery.  The 23 year old singer has recently taken up residence in a ten bedroom, Grade 2 listed mansion in the Home Counties at a rent of £15,000 per month. It’s a far cry from the flat above the This, That and The Other discount store in West Norwood...

The number one real estate hotspot in the USA

Where is the best place to buy property in the USA?  New York?  Los Angeles?  Chicago?  Well, the general consensus of experts is that Miami is America’s number one property market. Greg Freedman, partner at property form BH3, says: “Ask anyone in the Northeast, Midwest, Europe, Russia or Canada in February where they would rather be, and 90% of them will say...

Google Policy Change To Hit Real Estate Websites

The CEO of digital marketing company Marr International makes a response to Google most recent algorithm change that will effect real estate websites.   Yesterday Google announced that it has made changes to how it evaluates links to websites and the inference is that links that contain keywords i.e. “Florida real Estate” may now be useless or possibly detrimental.   The...

British Buyers Increasingly Look For Overseas Real Estate

The Eurozone crisis is having a knock-on effect for Brits looking to buy foreign homes.  That’s the conclusion to be drawn from new figures which show that an increasing number of Brits are looking further afield for overseas property. Searches for properties in the popular European locations have plummeted over recent months with Brits increasingly looking outside the Eurozone countries. ...

Paula Abdul to sell cursed home

Ex-American Idol and X-Factor judge Paula Abdul is set to be selling her Californian home, reports TMZ television.  The $1.9 million property – relatively modest for a celebrity home – boasts five bedrooms and has been the star’s home since 2000. However, the property has been called ‘cursed’ due to a series of bizarre events over...