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Property news by Property Wire

Sun
Jul 20th
2008
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News related to property market

Strong economic growth potential puts Albania and Panama top of long term investment list
2008-07-20 14:02:56 [Related Stories]

Albania and Panama are the top two locations for long term property investment according to the latest research from international analysts.

Read full article: [Strong economic growth potential puts Albania and Panama top of long term investment list]
 
Scathing EU report on Bulgarian corruption has implications for property market
2008-07-20 09:40:19 [Europe]

The withering European Commission report on corruption and maladminstration in Bulgaria which has resulted in the freezing of up to a billion euros in funding has major implications for the property market.

Read full article: [Scathing EU report on Bulgarian corruption has implications for property market]
 
Egyptian mortgage market catching up with booming property market
2008-07-18 18:01:32 [Africa]

The amount of mortgage finance in Egypt is expected to double in the next year as it catches up with the country's booming property market.

Read full article: [Egyptian mortgage market catching up with booming property market]
 
US and UK investors reserving most apartments in Dubai revolving tower
2008-07-18 14:02:08 [Middle East]

Americans and Brits are showing most interest in investing in the world's first pre-fabricated revolving tower in Dubai.

Read full article: [US and UK investors reserving most apartments in Dubai revolving tower]
 
Prospects good in Costa Rica as tourist numbers rise and new marina gets go ahead
2008-07-17 14:02:25 [South America]

Property investors interested in buy-to-let in Costa Rica should be encouraged by the latest tourist figures which show a healthy increase in the first half of this year.

Read full article: [Prospects good in Costa Rica as tourist numbers rise and new marina gets go ahead]
 
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]
 
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]
 
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]
 
Venice emerges as a long term but less risky property investment
2008-07-15 09:30:43 [Europe]

High rental yields are just one of the attractions of buy-to-let investments in Venice according to a leading estate agent.

Read full article: [Venice emerges as a long term but less risky property investment]
 
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]
 
Spanish developers urged to exploit surge of interest in eco property
2008-07-14 10:04:53 [Europe]

Eco homes could be the answer to Spain's failing property market, experts believe. Developers should take notice of the surge in interest and offer some kind of 'green' element in their buildings.

Read full article: [Spanish developers urged to exploit surge of interest in eco property]
 
Global investors still opt for safe and transparent property markets
2008-07-13 14:02:56 [Related Stories]

If you believe the headlines then the US and the UK are places to avoid investing in right now. But New York, Washington and London are the best locations according to new research.

Read full article: [Global investors still opt for safe and transparent property markets]
 
Banks blamed for chronic lack of investment in Vietnam real estate
2008-07-12 10:12:38 [Asia]

The real estate market in Vietnam is slowing as rising interest rates and banks cutting lending opportunities begins to affect activity.

Read full article: [Banks blamed for chronic lack of investment in Vietnam real estate]
 
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]
 
Moon property investment growing according to leading lunar organisation
2008-07-11 14:02:43 [Related Stories]

Property investors fed up with the world economic downturn and the credit crunch might just like to look elsewhere - to the moon.

Read full article: [Moon property investment growing according to leading lunar organisation]
 
Newly introduced major tax incentives aimed at reviving 'tired' Bahamas
2008-07-11 09:26:37 [South America]

New tax incentives are underway in the Bahamas in order to entice potential investors to the Caribbean islands made famous in the James Bond movies.

Read full article: [Newly introduced major tax incentives aimed at reviving 'tired' Bahamas]
 
Ultra modern villas launch in Spain despite the property downturn
2008-07-10 18:04:11 [Europe]

The downturn in the property market in Spain has helped one project which has just launched its ultra modern villas despite the gloomy headlines.

Read full article: [Ultra modern villas launch in Spain despite the property downturn]
 
New Greek property registry off to a slow start
2008-07-10 14:02:37 [Europe]

Property investors in Greece are being reminded that they need to check if their property is registered, and if not, register it as the country attempts to put in place its first ever land registry.

Read full article: [New Greek property registry off to a slow start]
 
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]
 
Brits taking advantage of low property prices in the US
2008-07-08 18:09:52 [North America]

Evidence is emerging that British property investors are increasingly taking advantage of bargain prices in the US.

Read full article: [Brits taking advantage of low property prices in the US]
 
Price conscious property investors can find bargains at German auctions
2008-07-08 14:03:40 [Europe]

German auctions are proving a popular source of bargain properties with detached houses, barns, mills and guesthouses selling for incredibly low prices.

Read full article: [Price conscious property investors can find bargains at German auctions]
 
Rents reach an all time high in the US property market
2008-07-07 18:09:35 [North America]

Rental demand in the US has reached an all time high, fuelled by the growing number of foreclosures.

Read full article: [Rents reach an all time high in the US property market]
 
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]
 
Fiji land bargains for short term investors
2008-07-06 18:09:13 [Australasia]

It is only accessible twice a week, but the Fijian island of Koro is expecting to see annual capital appreciation of at least 30% over the next two years.

Read full article: [Fiji land bargains for short term investors]
 
Phuket property booming as fears of adverse effects of the tsunami and political coup subside
2008-07-06 14:02:31 [Asia]

A booming tourism industry is helping one part of Thailand buck the downward trend in property prices.

Read full article: [Phuket property booming as fears of adverse effects of the tsunami and political coup subside]
 
Las Vegas ripe for those seeking a long term property investment
2008-07-06 10:34:53 [North America]

Mountains could be the saving of the Las Vegas property market which has undergone one of the biggest slumps in the US.

Read full article: [Las Vegas ripe for those seeking a long term property investment]
 
Property investor interest in South Africa growing but Zimbabwe remains a 'dark cloud'
2008-07-05 10:33:20 [Africa]

Property investors in South Africa are encouraged by a wider selection of properties and taking advantage of bargains as over-extended owners come under pressure to sell because of higher interest rates.

Read full article: [Property investor interest in South Africa growing but Zimbabwe remains a 'dark cloud']
 
Panama property investment not for the light-hearted
2008-07-04 14:02:50 [South America]

Panama has the fastest growing economy in Central America but new investors are still worried about the political climate, infrastructure and possibly being ripped off, according to a new report.

Read full article: [Panama property investment not for the light-hearted]
 
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]
 
New Zeland property plunge deepens but rentals provide glimmer of hope
2008-07-03 14:02:21 [Australasia]

Investors with property in New Zealand are expecting more doom and gloom when the next set of house prices figures are revealed next week.

Read full article: [New Zeland property plunge deepens but rentals provide glimmer of hope]
 
Prices still hot in Dubai as summer slowdown fails to come
2008-07-03 09:12:26 [Middle East]

The usual summer break in property transactions in Dubai is showing no signs of emerging this year as demand and prices stay high.

Read full article: [Prices still hot in Dubai as summer slowdown fails to come]
 
South Italy tipped to be the next investment success in Europe
2008-07-02 18:02:40 [Europe]

Property in Italy is holding up in the credit crunch with experts predicting modest growth in many areas.

Read full article: [South Italy tipped to be the next investment success in Europe]
 
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]
 
EU grants helping Estonia to promote itself to visitors and property investors
2008-07-01 14:02:02 [Europe]

Membership of the European Union is benefiting Estonia as is starts a major marketing drive to attract more visitors and investors.

Read full article: [EU grants helping Estonia to promote itself to visitors and property investors]
 
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 student market offering good returns for property investors in UK and abroad
2008-06-29 18:02:56 [Europe]

Property investors entering the buy-to-let for students market need to do considerable research before deciding on the best locations.

Read full article: [Buy-to-let student market offering good returns for property investors in UK and abroad]
 
Think France, think Atlantic coast
2008-06-29 14:09:16 [Europe]

Property prices are holding up well in France and reasonably prices are available in the less know regions.

Read full article: [Think France, think Atlantic coast]
 
Tiny mountain country continues to have rising property prices
2008-06-27 18:09:52 [Europe]

Andorra, a tiny country in the Pyrenees between France and Spain is set to buck the downward property price trend this year and see a 5% rise according to agents.

Read full article: [Tiny mountain country continues to have rising property prices]
 
Escalating inflation seen as threat to booming property markets in Asia
2008-06-27 14:02:38 [Asia]

Asia is showing signs of its property boom coming to an end according to financial experts.

Read full article: [Escalating inflation seen as threat to booming property markets in Asia]
 
Out of touch US consumers believe real estate recession is short term
2008-06-27 09:23:12 [North America]

Consumers in the US are optimistic that real estate will recover sooner rather than later, according to a new survey.

Read full article: [Out of touch US consumers believe real estate recession is short term]
 
Private equity funds spark property boom in Cambodia
2008-06-26 15:04:36 [Asia]

Cambodia is experiencing a property boom as private equity funds, backed by brand-name investors, bring millions of pounds of foreign investment into the country.

Read full article: [Private equity funds spark property boom in Cambodia]
 
Decaying foreclosed properties bringing down prices even further in US
2008-06-25 10:28:14 [North America]

Authorities in the US are getting tough on foreclosed properties that are falling into decay and generally degrading areas to such an extent that prices are falling even further.

Read full article: [Decaying foreclosed properties bringing down prices even further in US]
 
Texas property seeing price rises
2008-06-21 15:03:22 [North America]

Texas is bucking the trend in the United States with property prices still rising and the number of foreign investors increasing.

Read full article: [Texas property seeing price rises]
 
Thriving rental property market opportunities in south africa
2008-06-20 14:02:01 [Africa]

High interest rates are pushing up the demand for rental properties in South Africa according to the head of a leading property group.

Read full article: [Thriving rental property market opportunities in south africa]
 
Little known Turkish town tipped as property investment hotspot
2008-06-18 18:05:59 [Europe]

Property in a little known Turkish resort is being snapped up by the Turks who have spotted its potential before it lands on the international radar, according to an expert on the country.

Read full article: [Little known Turkish town tipped as property investment hotspot]
 
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]
 
Location and quality important for rented property sector in UK
2008-06-17 18:02:11 [Europe]

Property investors, developers and landlords need to work with local and central government in the UK to make sure the growing demand for rental properties is met.

Read full article: [Location and quality important for rented property sector in UK]
 
Obama already boosting property profile of Chicago
2008-06-17 14:06:52 [North America]

Property investors in Chicago are hoping that Barack Obama's links with the city will help boost its bid for the 2016 Olympics.

Read full article: [Obama already boosting property profile of Chicago]
 
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]
 



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Muriu Beach, Natal

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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