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May, 23rd
The British economy is in a right old mess, yet British buyers are increasingly active in the overseas property market. At the moment the buyers are mainly the well off in society, and British buyers are nowhere near the volume they were during the boom. However, thankfully other nationalities have stepped in to replace Brits, [...]
May, 21st
According to the latest data from the Council of Mortgage Lenders, mortgage lending in the UK fell 14% in April. The fall, from £11.4 billion in March to £9.8 billion in April represented a 5% decline on April 2010. Admitting that the figures present a picture of a “considerably weak” market, the CML put the [...]
May, 19th
A new report from the US National Association of Realtors shows that foreign buyers were responsible for 8% of all home sales in America in the 12 months ending March 2011. According to the data foreigners are mainly buying at the higher end of the market, where price reductions combined with currency exchange rates are [...]
Overseas buyers — mainly British — currently account for around 7% of the total sales in Cape Town, making it the most popular city in South Africa. A recent report from Cluttons on the first quarter of the year shows that the average property takes 19 weeks to sell with just 15% of sellers achieving [...]
May, 17th
The pretty resort of Kas has been attracting the attention of those who wish to purchase property in ‘real Turkey’, especially the Scandinavians and British. It is near the already fashionable resort of Kalkan, which has been popular with the British for nearly 20 years. This has resulted in property prices increasing as many Brits [...]
May, 13th
In 2010 the Turkish economy exploded out of recession to become the fastest growing economy in Europe with a blistering 8.4% growth. At the same time the country kept a lid on inflation, in fact it brought inflation down to the 41 year low of 6.4%. Its budget deficit is also impressive with many putting [...]
May, 12th
According to figures released by Zillow Inc there are now more than 28% of US homeowners who are in negative equity, which has increased from 22% a year earlier as home prices have decreased by 8.2% over the past year. This equates to 16.2 million homes, with Las Vegas having the highest percentage of mortgages [...]
May, 10th
Despite the government’s best efforts to cool the market, Chinese property prices continue to escalate, with the latest figures showing prices up 0.4% on average across 100 cities. That said: the 0.4% rise is slower than was seen the previous month, which could well prove to be one first signals that the cooling measures are [...]
May, 6th
The headlines proclaim; it’s official, US property prices have doubled dipped. The proclamations come following a report by Clear Capital which shows US home prices across the country are now lower than what was previously thought to have been a trough in March 2009. Many had predicted that a surge in short sales and repossessed [...]
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