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Property news by Property Wire

Thu
Jul 24th
2008
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News related to credit crisis

New Zealand developers being hit hard by credit crunch
2008-07-24 14:02:35 [Australasia]

The global property slowdown is biting hard in New Zealand where developers are putting projects on hold, spending cash reserves and even going into receivership.

Read full article: [New Zealand developers being hit hard by credit crunch]
 
Malaysian property market slowing as developers warn of soaring costs
2008-07-23 11:14:51 [Asia]

Buyers in Malaysia are facing rising prices because of soaring construction costs, it is claimed.

Read full article: [Malaysian property market slowing as developers warn of soaring costs]
 
UK commercial sector seriously affected by credit crunch
2008-07-19 18:09:38 [Europe]

All sections of the UK commercial property market are being hit hard by the economic downturn, according to the latest information.

Read full article: [UK commercial sector seriously affected by credit crunch]
 
UK builder demolishes walls to save cash
2008-07-19 09:01:37 [Europe]

A UK developer hit by the credit crunch has demolished half built homes to avoid paying staged payments to the local council planning department.

Read full article: [UK builder demolishes walls to save cash]
 
Credit crunch unlikely to affect strong Asian economies with China performing well
2008-07-16 14:02:08 [Asia]

China's breathtaking economic growth is unlikely to be de-railed by the global credit crunch making it one of the best places for property investment funds to consider, it is claimed.

Read full article: [Credit crunch unlikely to affect strong Asian economies with China performing well]
 
Opportunities for property investors despite the gloomy headlines
2008-07-15 18:02:18 [Europe]

Today brings more bad news for the property investor with UK sales at an all time low but there are chinks of optimism especially when it comes to foreign and prime country house property sales.

Read full article: [Opportunities for property investors despite the gloomy headlines]
 
Bulgarian property market and rental sector slowing down
2008-07-14 17:07:28 [Europe]

Demand for property in Bulgaria is slowing according to industry experts who believe the global credit crunch is at last reaching East Europe.

Read full article: [Bulgarian property market and rental sector slowing down]
 
Shore erosion on US east coast now a concern for property buyers
2008-06-18 14:02:24 [North America]

Coastal property in the US is suffering a downturn not just from the global credit crunch but from concern about global warming and shore erosion.

Read full article: [Shore erosion on US east coast now a concern for property buyers]
 
German property market expects steady growth in cities
2008-06-05 14:03:45 [Europe]

German cities are outperforming average national property price growth and becoming increasingly attractive to foreign investors looking for longer term investments, it is claimed.

Read full article: [German property market expects steady growth in cities]
 
Credit crunch bite in South Africa could be good for property investors
2008-06-03 10:12:31 [Africa]

Owners of rental property in South Africa are benefiting from a strong tourism sector and as prices start falling more interest is anticipated.

Read full article: [Credit crunch bite in South Africa could be good for property investors]
 
International property doom and gloom overstated, experts claim
2008-05-28 18:03:47 [Related Stories]

The global credit crunch isn't affecting property as much as predicted and one expert is even claiming that talk of an international downturn have been exaggerated.

Read full article: [International property doom and gloom overstated, experts claim]
 
Prudent lending helping French property market ride out the credit crunch
2008-05-26 18:03:36 [Europe]

Property prices in France are remaining stable due to a more prudent approach to lending, it is claimed.

Read full article: [Prudent lending helping French property market ride out the credit crunch]
 
Philippines property market gap opens up
2008-05-22 10:03:45 [Asia]

US economic woes are affecting a key sector of the Philippines property market but it is hoped the shortfall will soon be picked up by increasingly affluent Filipinos seeking investment opportunities as well as new overseas investors.

Read full article: [Philippines property market gap opens up]
 
Optimism for Cape Verde as trade and economy predictions look good
2008-05-21 18:07:23 [Africa]

Encouraging words about the future of the economy in Cape Verde are expected to add to the increasing interest among property investors for this former Portuguese colony.

Read full article: [Optimism for Cape Verde as trade and economy predictions look good]
 
Top end luxury US property still waiting for 'magic' 100 million sale
2008-05-21 14:02:56 [North America]

Wealthy property buyers are finding that the US is the place for bargains as even the luxury end of the market is affected by the global credit crunch.

Read full article: [Top end luxury US property still waiting for 'magic' 100 million sale]
 
Lord of the Rings boom ends for luxury property market in New Zealand
2008-05-19 18:08:42 [Australasia]

Interest in luxury property in scenic locations in New Zealand, fuelled by the success of the Lord of the Rings films, is facing a downturn.

Read full article: [Lord of the Rings boom ends for luxury property market in New Zealand]
 
Buying abroad in traditional destinations 'popular' way to escape credit crunch
2008-05-17 17:30:47 [Related Stories]

Buying property abroad is still considered a good financial investment despite the global credit crunch, it is claimed.

Read full article: [Buying abroad in traditional destinations 'popular' way to escape credit crunch]
 
New tax regime in Oz to benefit overseas property fund investors
2008-05-16 09:05:41 [Australasia]

Foreign property fund investors in Australia are set to benefit from a change in the tax system which will give the country one of the most competitive withholding tax rates in the world.

Read full article: [New tax regime in Oz to benefit overseas property fund investors]
 
French property market stable, reports FNAIM
2008-05-15 18:02:53 [Europe]

The French estate agency federation, FNAIM, predicts a stable year for property prices in France in 2008, with average rises likely to be no greater than the rate of inflation – currently around 1.6%.

Read full article: [French property market stable, reports FNAIM]
 
Prime property prices in London take a dip
2008-05-11 19:05:29 [Europe]

Prices for prime central London property have begun to fall, according reports from leading UK estate agents.

Read full article: [Prime property prices in London take a dip]
 
No bright light for US property price improvement, banks say
2008-05-11 09:02:41 [North America]

A steep entrenchment in American house prices, despite sharp interest rate cuts, is still expected according to financial analysts.

Read full article: [No bright light for US property price improvement, banks say]
 
Canada property market downturn 'inevitable'
2008-05-10 09:04:41 [North America]

Despite being unaffected by the global credit crunch Canada is likely to see a downturn in its property market within the next year, it is claimed.

Read full article: [Canada property market downturn 'inevitable']
 
South Africa to weather the credit crunch storm, bank predicts
2008-05-07 14:09:53 [Africa]

The South African residential property market is expected to experience a relatively mild downturn rather than a huge dive, according to a leading bank.

Read full article: [South Africa to weather the credit crunch storm, bank predicts]
 
Scots opt to rent rather than buy in current credit climate
2008-05-04 09:04:51 [Europe]

Strong evidence is emerging that Scots are opting to rent rather than buy because of the concerns with the property market, according to latest research by Scotland's leading online letting portal Citylets.

Read full article: [Scots opt to rent rather than buy in current credit climate]
 
Increased European real estate investment volumes in 2H of 2008
2008-05-02 11:09:23 [Europe]

According to the latest research from Colliers International, there should be a slow but steady recovery in investment volumes in the EMEA region (Europe, Middle East & Africa) in the second half of 2008, following the sharp decline in transactions that resulted from the credit crunch.

Read full article: [Increased European real estate investment volumes in 2H of 2008]
 
Good news for property market in Scotland
2008-04-28 18:08:56 [Europe]

The property market in Scotland appears to be bucking the downward trend despite the credit crunch and the mortgage shortage, housing experts say.

Read full article: [Good news for property market in Scotland]
 
No crisis in Palm Beach as estate sells for record $81.5 million
2008-04-28 14:09:19 [North America]

Generally the property market in Florida is suffering from the credit crunch but when it comes to the top end of the market there is no problem selling.

Read full article: [No crisis in Palm Beach as estate sells for record $81.5 million]
 
Cash buyers should reap benefits in 2008
2008-04-26 18:09:47 [Europe]

Astute property investors in the UK with cash reserves could find 2008 one of the most profitable years ever, according to a respected property author.

Read full article: [Cash buyers should reap benefits in 2008]
 
Property boom is on its way according to new study
2008-04-26 14:06:13 [Related Stories]

The next decade is going to bring a boom in second home ownership according to a well respected new study.

Read full article: [Property boom is on its way according to new study]
 
Leading real estate specialists put Dubai in pole position
2008-04-22 14:02:59 [Middle East]

According to a report from real estate experts Profile Europe (UK) Ltd an increasing number of UK property investors are attempting to run away from the effects of the credit crunch by purchasing properties abroad.

Read full article: [Leading real estate specialists put Dubai in pole position]
 
Real estate agents feel the pinch so drive a hard bargain
2008-04-17 18:04:42 [Related Stories]

Real estate agents feeling the pinch of the property downturn still need to meet their sales quotas; so driving a hard bargain could be the way to a good investment.

Read full article: [Real estate agents feel the pinch so drive a hard bargain]
 
Chief Euro economist says investors should look beyond the surface
2008-04-16 18:07:47 [Europe]

The collapse of the housing bubble in the United States is mutating into a global phenomenon, with real estate prices down from the Irish countryside and the Spanish coast to Baltic seaports and even in parts of India.

Read full article: [Chief Euro economist says investors should look beyond the surface]
 
Credit crunch 'protects' Thai property market in the long term
2008-04-07 14:09:21 [Asia]

The credit crunch may be biting across the globe but according to property investment experts it is a good thing for Thailand. It isn't affecting people directly but an indirect effect is likely to be realistic valuations and therefore long term stability for investors.

Read full article: [Credit crunch 'protects' Thai property market in the long term]
 
Losers and winners in the European property market
2008-04-03 18:06:22 [Europe]

Though some European countries are experiencing growth, recent house-price figures indicate that, as in the U.S., things in Europe are slowing down.

Read full article: [Losers and winners in the European property market]
 
Rollercoaster for Spanish property sector
2008-04-02 09:01:25 [Europe]

Real estate company Labaro became the latest victim of Spain's property sector slowdown when it filed for protection against its creditors this week, joining several other companies that have gone into administration last week.

Read full article: [Rollercoaster for Spanish property sector]
 
France is still a favourite for British property investors
2008-03-27 09:02:59 [Europe]

France is attracting increased levels of interest from UK-based property investors according to experts. The country's popularity is helped by no serious impact from the credit crunch currently beleaguering the US, faster Eurostar rail services from London and new low cost airline routes this summer.

Read full article: [France is still a favourite for British property investors]
 
Moscow and Istanbul highly ranked for investment
2008-03-13 13:04:20 [Europe]

Investment returns in the cities of Moscow and Istanbul are likely to surpass those of Paris and London in the short term.

Read full article: [Moscow and Istanbul highly ranked for investment]
 
US investors look to invest in Latin America
2008-03-13 11:03:40 [South America]

According to reports, more US investors are looking south of the boarder for investment opportunities. In addition tourism numbers are in, showing why this area is so prominently valuable.

Read full article: [US investors look to invest in Latin America]
 
Investment in luxury property may avoid US recession
2008-03-12 17:03:38 [North America]

The US may avoid a recession if the housing market can pull through. More so, luxury property is still selling well.

Read full article: [Investment in luxury property may avoid US recession]
 
Property market being viewed with caution
2008-03-11 15:04:30 [Related Stories]

The bad publicity for property investment continues as people are now actively being told things that were unheard of just a few years ago. One example of this is investors in developed countries such as New Zealand telling prospective buyers to be patient with their purchases and wait for prices to go down.

Read full article: [Property market being viewed with caution]
 
Credit crunch affects Singapore even in boom
2008-03-11 09:05:50 [Asia]

Singapore's REITs appear to be struggling at the moment, but potential is high.

Read full article: [Credit crunch affects Singapore even in boom]
 
Credit crunch hits eastern european countries
2008-03-10 19:02:22 [Europe]

Eastern European countries are next in line for hit by credit crunch. Housing markets there may slow.

Read full article: [Credit crunch hits eastern european countries]
 
Can property rebuild its damaged reputation?
2008-03-07 15:03:01 [Related Stories]

In the United States, England, Australia and many other developed economies, property slumps have led to a loss of investor confidence and trust in property firms.

Read full article: [Can property rebuild its damaged reputation?]
 
The new age of property investment
2008-02-26 07:04:30 [Related Stories]

Afraid of a downturn in global property markets, many are worried about protecting their investments against losses.

Read full article: [The new age of property investment]
 
Significant drop reported in Toronto property market
2008-02-21 13:02:28 [North America]

The numbers for the first two weeks of February show a significant drop in the number of sales in the Toronto property market.

Read full article: [Significant drop reported in Toronto property market]
 
Jamaica economy and property markets strong - even with us slowdown
2008-02-20 21:03:59 [South America]

The Jamaican economy and housing markets are strong even with a US slowdown pending.

Read full article: [Jamaica economy and property markets strong - even with us slowdown]
 
Drastic changes to follow in the Chinese property market
2008-02-19 22:01:22 [Asia]

Many Chinese share prices have dropped by half their value since the 2007 peak. At the same time, many companies are closing branches around the country as others try to get out of the property market as quickly as possible. All indications lead towards a nationwide shake-up in the Chinese property market soon.

Read full article: [Drastic changes to follow in the Chinese property market]
 
US housing crisis hurts retailers too
2008-02-18 15:02:09 [North America]

In the US, everything seems to be hurt by the housing market fall - including retailers.

Read full article: [US housing crisis hurts retailers too]
 
US real estate market could bounce back
2008-02-16 18:09:55 [North America]

The credit crunch is hurting the US real estate market, but some believe if problems here lessen, real estate will bounce back.

Read full article: [US real estate market could bounce back]
 
Latin American housing market strong
2008-02-15 15:10:19 [South America]

Subprime lending crisis has not hurt much of Latin America's housing market and with low to middle income housing growing quickly, the market here looks good.

Read full article: [Latin American housing market strong]
 



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Muriu Beach, Natal

Feature story

China – an open oyster for property investment despite heavy hand of government

With the opening of the Olympics in Beijing global eyes will be on China, a country transformed beyond any predictions made a decade ago.

Company news

Buying in Egypt – It's no pyramid scheme!

According to Steve Worboys, MD of property investment experts Experience International: "the loose definition of an 'emerging market' in property terms is a real estate market that has yet to be tried and tested, where there is an element of risk hopefully offset by positive fundamentals for the potential of growth in terms of demand for property and the underlying value of land and real estate."

Forum Watch

Emerging markets seen as the best option for overseas property investors

Emerging markets are attracting considerable attention during the current economic downturn as property investors seek out bargains. But getting the right information on which to base an investment decision is critical, as can be seen on the property forums this week.

Currency watch

Euro continues to slide against the Dollar

The US dollar made good gains last night on the back of speculation that the Fed could begin tightening rates to fight inflation.

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