Buying beats renting in the UK, according to new research from the property website Zoopla.co.uk. The report, which analysed the current asking prices and rents of over 78,000 two-bedroom flats currently on the market, compared the rental and ownership costs (based on an interest-only mortgage at 5% p.a.) and found that the high demand for rented accommodation has led to buying being a better option for...

Houses for sale in Australia are plummeting in prices, according to the latest figures. This week’s report, published by RP Data-Rismark, has found that in the main cities, prices are dropping at an increasingly faster speed. Melbourne and Brisbane are seeing the biggest declines, with “seasonally adjusted home prices in Melbourne 5.8 per cent”, reports OPP. This...

The number of million dollar houses is on the rise in the UK, according to the latest research. The report, from Investec Specialist Private Bank, found that there was an 11 per cent increase year-on-year in the number of expensive UK properties during the third quarter of 2011. There were 21,982 properties with a value of over £1 million on the market over the last three months, a significantly...

This December, the combined daily output of Petrobras and its partners exceeded 200,000 barrels of oil equivalent (oil and gas) per day in the Santos Basin. Brazil´s current production is 2,572,000 BBD, ranking 9th in the world prior to the new well coming on line. Petrobras management has said its business plan calls for doubling production  by 2020 which would place Brazil fourth in the...

Twilight stars Robert Pattinson and Kristen Stewart are selling their home in Los Angeles. The couple, famous for their on-screen romance in Stephenie Meyer’s popular vampire series, have been renting an LA house for several months this year, but have now decided to move out. As a result, the Bel-Air property is now listed on the market, reports the Los Angeles Times, although many buyers...

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Overseas buyers looking at houses for sale in Barbados should be reassured that the property market is transparent, according to a new report. The 2011 Corruption Perceptions Index, released this week, ranked Barbados one of the most transparent countries in the region. Canada was ranked in first place, but Barbados was a strong runner up in the report by Transparency International, “a global...

This week, Bruce Willis listed his Idaho ski property on the market. Willis’ lakeside ranch, the latest of this month’s celebrity homes for sale, spans 20 acres and sits in Hailey, frequently empty. The lack of time spent by the actor in the home is the reason for him selling, his agent told The Wall Street Journal. The 8,400 square foot home was bought by the Die Hard actor...