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Property news by Property Wire

Sun
Jul 20th
2008
Home arrow Hot topics arrow Hot topics in the news

News related to property bubble

Less choice from UK mortgage providers ought to be addressed
2008-07-17 10:23:00 [Europe]

Mortgage providers in the UK are coming under pressure to change as the lack of choice currently available for property buyers is seen as one reason contributing to the slowdown in the market.

Read full article: [Less choice from UK mortgage providers ought to be addressed]
 
Spanish property crisis deepens as major developer files for bankruptcy
2008-07-16 10:14:45 [Europe]

Major developers in Spain are now crashing under the pressure of the country's worst property downturn. The future of thousands of homes under construction are now in doubt.

Read full article: [Spanish property crisis deepens as major developer files for bankruptcy]
 
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]
 
London property downturn is just the start, estate agents warn
2008-07-11 18:09:00 [Europe]

Evidence is mounting that property prices in London are falling but they need to fall even further before they reach rock bottom, according to leading estate agents.

Read full article: [London property downturn is just the start, estate agents warn]
 
Dip in Mumbai property market prompts developers to offer freebies
2008-07-09 10:22:43 [Asia]

The property market in Mumbai is reporting a dip in house prices and rentals, with those in the suburbs the worst affected.

Read full article: [Dip in Mumbai property market prompts developers to offer freebies]
 
Singapore property market slowing down
2008-07-07 14:03:52 [Asia]

Singapore's housing market is sucumbing to the global slump with official figures showing a 0.4% increase, the slowest for four years.

Read full article: [Singapore property market slowing down]
 
No recovery in Spanish property market for at least three years
2008-07-04 09:40:03 [Europe]

The troubled Spanish property sector is unlikely to recover for at least three years, according to the latest report from a group of 19 European research institutes.

Read full article: [No recovery in Spanish property market for at least three years]
 
Spanish subsidiary of troubled UK developer announces discounts
2008-07-02 10:31:25 [Europe]

The Spanish subsidiary of troubled UK developer Taylor Wimpey is reducing prices on properties it can't sell on the Costa Blanca in attempt to tempt reluctant investors.

Read full article: [Spanish subsidiary of troubled UK developer announces discounts]
 
Property prices slowing in Canada but crash unlikely
2008-06-30 14:09:37 [North America]

Property prices in Canada are showing signs of cooling after a long run of rapid increases, according to financial experts.

Read full article: [Property prices slowing in Canada but crash unlikely]
 
Buy-to-let in UK lucrative as rental demand soars
2008-06-30 09:40:01 [Europe]

The buy-to-let property market in the UK is soaring with demand up and rental yields increasing despite some claims they are too high.

Read full article: [Buy-to-let in UK lucrative as rental demand soars]
 
Sit out 2008, spanish property investors are advised
2008-06-18 10:29:54 [Europe]

The property market in Spain is 'dead' and unlikely to improve in 2008, according to two experts.

Read full article: [Sit out 2008, spanish property investors are advised]
 
Demand will continue to outstrip supply in Dubai, it is predicted
2008-06-16 10:39:28 [Middle East]

Worries that the real estate market in Dubai is a bubble waiting to burst are dismissed by the major developers who claim that population growth alone will be enough to sustain demand.

Read full article: [Demand will continue to outstrip supply in Dubai, it is predicted]
 
Downturn in prices and visitors a blow for New Zealand property investors
2008-06-07 18:05:26 [Australasia]

Property investors in New Zealand are facing a double whammy - prices and rental yields are falling.

Read full article: [Downturn in prices and visitors a blow for New Zealand property investors]
 
Over supply worries hit Panama City condo market
2008-06-04 10:25:11 [South America]

High speculation property investment is coming to an end in Panama and investors should look to the longer term, it is claimed.

Read full article: [Over supply worries hit Panama City condo market]
 
Real estate agents turning away business in hard hit US market
2008-06-01 15:05:19 [North America]

Real estate agents in the US are turning away sellers in some areas because there are simply too many properties on the market.

Read full article: [Real estate agents turning away business in hard hit US market]
 
Looking for a bargain in the US – hop on the bus!
2008-05-30 14:05:52 [North America]

With property in many parts of the US fetching bargain prices, real estate agents are organising bus tours to take potential investors to view foreclosed properties.

Read full article: [Looking for a bargain in the US – hop on the bus!]
 
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]
 
Canadians and thirty-something Europeans boosting US property market
2008-05-25 18:06:23 [North America]

Bargain property in the US is attracting a lot of interest from foreign investors but some commentators are warning the downslide is not finished.

Read full article: [Canadians and thirty-something Europeans boosting US property market]
 
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]
 
Spanish government refuses to intervene to stimulate struggling property market
2008-05-16 14:04:20 [Europe]

The Spanish government has rejected calls to use public funds to jump start the ailing Spanish property market and bail out struggling developers and real estate agents.

Read full article: [Spanish government refuses to intervene to stimulate struggling property market]
 
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']
 
Over half a million Spanish properties built since 2005 still unsold
2008-05-09 18:05:58 [Europe]

As a result of the real estate crisis in Spain, nearly one third of the 1.8 million properties build since 2005 cannot be sold, according to a leading construction association.

Read full article: [Over half a million Spanish properties built since 2005 still unsold]
 
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]
 
Spanish property sales down again but owners remain optimistic
2008-05-05 18:06:07 [Europe]

Property sales in Spain plummeted 24.4 percent in February from a year earlier, according to official data, in yet another sign of the sharp downturn in the once booming real estate market.

Read full article: [Spanish property sales down again but owners remain optimistic]
 
Bohemian berlin is cheap but a black hole for investors, analysts claim
2008-05-05 09:01:39 [Europe]

Property is a selling for 'silly' prices in Berlin but those tempted to invest could wait a long time for any return.

Read full article: [Bohemian berlin is cheap but a black hole for investors, analysts claim]
 
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]
 
Murcia moves to entice more foreign property buyers
2008-05-02 09:09:23 [Europe]

Moves are afoot in Murcia, a lesser-known part of south-eastern Spain, that will increase facilities in the region and jolt interest in property, it is claimed.

Read full article: [Murcia moves to entice more foreign property buyers]
 
Buy in Spain, buy in Sterling!
2008-04-30 18:05:43 [Europe]

Estate agents in Spain are offering property for sale in Sterling in a bid to attract more British buyers as prices in many areas continue to fall.

Read full article: [Buy in Spain, buy in Sterling!]
 
Landlords urged to be cautious as rental demand soars
2008-04-29 14:09:00 [Europe]

The Association of Residential Letting Agents (ARLA) is warning landlords not to get carried away by the steep rise in the demand for private rental accommodation resulting from the downturn in the housing market.

Read full article: [Landlords urged to be cautious as rental demand soars]
 
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]
 
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]
 
Housing market decline is accelerating, UK's largest house builder claims
2008-04-25 18:07:19 [Europe]

The housing market in the UK is deteriorating faster than expected with the decline accelerating in the last three weeks, according to the country's largest house builder.

Read full article: [Housing market decline is accelerating, UK's largest house builder claims]
 
Freebies on offer from developers eager to sell
2008-04-24 14:06:50 [Related Stories]

Cars, mortgage perks, holidays and even cash back are being offered by developers desperate to sell their new build properties in areas hit by the downturn in the property markets.

Read full article: [Freebies on offer from developers eager to sell]
 
Florida worst investment in the US according to official list
2008-04-20 14:07:17 [North America]

Florida, with Miami and Orlando in particular, is America's worst performing real estate market, according to the influential Forbes Group.

Read full article: [Florida worst investment in the US according to official list]
 
Property industry professionals in Australia remain gloomy
2008-04-18 09:02:10 [Australasia]

The residential property market in Sydney, Australia, is expected to remain in the doldrums for another two years, according to a survey of industry professionals.

Read full article: [Property industry professionals in Australia remain gloomy]
 
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]
 
Greenspan believes Spain has 'bigger' real estate bubble than US
2008-04-10 14:02:26 [Europe]

America's leading economist Alan Greenspan has given a gloomy prediction for Spain's already ailing property market.

Read full article: [Greenspan believes Spain has 'bigger' real estate bubble than US]
 
Property entrepreneur poised for 'best' investments
2008-04-09 14:09:42 [Related Stories]

Buy in the best locations and you can profit from the property downturn, a leading property entrepreneur claims.

Read full article: [Property entrepreneur poised for 'best' investments]
 
Property slump warnings for South Korea makes Far East wobbly
2008-04-02 14:09:55 [Asia]

South Korea may experience a property bubble burst like the United States if sluggish home sales continue amid an economic downturn, pushing more builders to the brink of bankruptcy and eroding debt repayment capabilities of mortgage borrowers, according to an economic institute.

Read full article: [Property slump warnings for South Korea makes Far East wobbly]
 
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]
 
Edinburgh bucks the UK property trend
2008-03-30 09:02:45 [Europe]

While headlines scream of a property market nosedive and some experts warn of negative equity and financial instability in the UK, one city has no such worries.

Read full article: [Edinburgh bucks the UK property trend]
 
New Zealand property prices could fall by 10%
2008-03-25 15:03:03 [Australasia]

The housing market in New Zealand could fall as much as 10% in the next few months, investors are warned.

Read full article: [New Zealand property prices could fall by 10%]
 
The overseas reverse of international property investment
2008-03-19 17:03:03 [Related Stories]

The slowing global economy is forcing several real estate companies to restructure.

Read full article: [The overseas reverse of international property investment]
 
Australian property owners to take another hit
2008-03-18 21:03:03 [Australasia]

With the increase in rates likely, and the property market falling, many homeowners will be suffering.

Read full article: [Australian property owners to take another hit]
 
Bahrain property market still moving ahead nicely
2008-03-17 17:03:03 [Middle East]

Bahrain is just one of the emerging UAE real estate markets and has already shown year on year growth.

Read full article: [Bahrain property market still moving ahead nicely]
 
Ireland is Europe's worst property market
2008-03-07 09:03:22 [Europe]

Latest information available says that Ireland was the poorest performing property market in Europe in 2007.

Read full article: [Ireland is Europe's worst property market]
 



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Feature story

Winners and losers in the global property market defined by growing oil prices

Soaring oil prices are affecting property investment across the globe to such an extent that countries that import energy supplies are likely to see even more of a downturn before markets bottom out.

Company news

Phuket tourism rising above global worries

Constantly rising oil prices have been taking their toll on the travel and tourism industry, especially with airlines raising prices or cutting flights and routes - or both. As a result, the Tourism Authority of Thailand (TAT) recently announced a downward revision of its predictions of tourist figures for 2009.

Forum Watch

Tough times need tough investors

It is difficult to escape the property headlines this week with all news outlets mentioning property. The frustrations of investing in property during a downturn are well documented in the forums this week.

Currency watch

Dollar gains ground over good data

The US dollar gained a lot of ground yesterday as good data was released in the US. There was a large selloff in Crude Oil futures as US crude inventories gained an unexpected 3.0M Barrels.

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