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News related to real estate

Official sales figures show UK property market slowing
2014-07-22 15:46:21 [Europe]
Seasonally adjusted estimates for the number of residential property transactions in the UK decreased by 0.2% between May and June, according to the latest figures from HMRCRead full article: [Official sales figures show UK property market slowing]
 
Cyprus property market could be nearing the bottom, latest index report suggests
2014-07-22 15:30:17 [Europe]
Few residential properties were sold in Cyprus in the first quarter of 2014, mainly due to the prevailing economic conditions, according to the latest index from the Royal Institution of Chartered Surveyors (RICS).Read full article: [Cyprus property market could be nearing the bottom, latest index report suggests]
 
US home values still got some way to go to reach prerecession levels
2014-07-21 13:25:45 [North America]
Home values in half of the 100 largest metro areas in the United States will not reach their pre-recession peak levels again for another three plus years, it is claimed.Read full article: [US home values still got some way to go to reach prerecession levels]
 
Buyer of average UK home to pay at least £7,500 stamp duty by 2016
2014-07-21 12:01:45 [Europe]
At the current rate of house price growth of around 10% a year, the buyer of an average UK home will be subject to a 3% stamp duty tax rate before the end of 2016, new research shows.Read full article: [Buyer of average UK home to pay at least £7,500 stamp duty by 2016]
 
Report identifies a down sizing trend in UK property market
2014-07-18 14:49:01 [Europe]
A trend for down sizers is in the UK residential property market on the increase and set to continue over the next few years, it is claimed.Read full article: [Report identifies a down sizing trend in UK property market]
 
Sales and rental markets in Abu Dhabi steady in second quarter of 2014
2014-07-17 11:59:23 [Middle East]
The real estate market in Abu Dhabi has been relatively steady in the second quarter of 2014 with prices and sales seeing little movement, according to the latest residential report from Asteco.Read full article: [Sales and rental markets in Abu Dhabi steady in second quarter of 2014]
 
London Mayor wants more public land released for housing
2014-07-17 06:51:44 [Europe]
The Mayor of London is calling on the government to extend its plans to accelerate the release of disused public land in the city and enable him to unlock new development to help meet London's housing needs.Read full article: [London Mayor wants more public land released for housing]
 
Property sales in Canada reach highest level since March 2010
2014-07-16 11:47:27 [North America]
Residential property sales in Canada increased by 0.8% in June compared to the previous month, the five monthly rise in a row, taking transactions to their highest level since March 2010.Read full article: [Property sales in Canada reach highest level since March 2010]
 
House prices in Scotland up 4.3% year on year, but sales down
2014-07-16 09:27:40 [Europe]
House prices in Scotland increased by 0.5% in May, but sales fell by 3% probably due to the marketing adjusting to new mortgage rules, according to the latest monthly index.Read full article: [House prices in Scotland up 4.3% year on year, but sales down]
 
Prime central London market sees sales fall 45% since last year
2014-07-16 08:38:27 [Europe]
House sales transaction levels in central London’s prime property market are down 45% compared to June 2013, according to a new report.Read full article: [Prime central London market sees sales fall 45% since last year]
 
UK house prices up 10.5% year on year, latest ONS data shows
2014-07-15 12:05:28 [Europe]
UK house prices increased by 10.5% in the year to May 2014, up from 9.9% in the year to April 2014, according to the latest index from the Office of National Statistics (ONS).Read full article: [UK house prices up 10.5% year on year, latest ONS data shows]
 
More higher end homes on the market in the UK, index data shows
2014-07-15 10:32:34 [Europe]
The number of homes in the UK that entered the market for sale valued at over £500,000 rose by 30% in the second quarter of 2014, the latest Experian property index showsRead full article: [More higher end homes on the market in the UK, index data shows]
 
Balearic Islands see encouraging start to year for luxury property sales
2014-07-14 10:38:26 [Europe]
The luxury property market in Spain’s Balearic Islands has seen an encouraging start to the year with demand from wealthy buyers reported as being well up on 2013.Read full article: [Balearic Islands see encouraging start to year for luxury property sales]
 
Analysis points to the UK property market slowing
2014-07-14 09:28:25 [Europe]
Average house prices across the UK now exceed 2007 levels, however some indicators suggest that the pace of growth may be set to slow with new mortgage rules adding a dampener.Read full article: [Analysis points to the UK property market slowing]
 
Research suggests one in five buyers would consider sharing
2014-07-14 08:28:51 [Europe]
One in five people in Briton is planning or considering a property purchase in the next two years and 77% will share the purchase with a partner, relative or friend, according to new research.
Read full article: [Research suggests one in five buyers would consider sharing]
 
House prices growth in South Africa set to remain in single digits this year
2014-07-11 10:00:22 [Africa]
House prices in South Africa have generally seen some growth in the first quarter of 2014 but in the popular middle sector of the market it is nominal, according to the latest real estate report from Absa bank.Read full article: [House prices growth in South Africa set to remain in single digits this year]
 
Property prices up by 1% in the European Union, latest index shows
2014-07-10 14:45:39 [Europe]
House prices increased by 1% in the European Union in the first quarter of this year compared with the fourth quarter of 2013.Read full article: [Property prices up by 1% in the European Union, latest index shows]
 
UK house prices set to rise 8% this year
2014-07-10 08:54:54 [Europe]
The UK housing market has leapt back into life with prices across all regions accelerating and set to rise by around 8% this year, according to a new report.
Read full article: [UK house prices set to rise 8% this year]
 
Arts and Crafts property in London on sale for £45 million
2014-07-09 17:19:05 [Europe]
A property described as one of the most magnificent Arts and Craft mansions in London has been put on the market for £45 million.Read full article: [Arts and Crafts property in London on sale for £45 million]
 
UK house prices down 0.6% in June
2014-07-09 12:47:38 [Europe]
House prices in the UK fell by 0.6% in June, the fourth monthly fall since December last year, according to the latest index from the Halifax.Read full article: [UK house prices down 0.6% in June]
 
New home building in Australia rises after slow start to the year
2014-07-09 09:49:26 [Australasia]
Residential building approvals in Australia rebounded in May after falling back during the first few months of 2014, according to the latest figures from the Australian Bureau of Statistics.Read full article: [New home building in Australia rises after slow start to the year]
 
Canadian property prices set to rise 5.7% this year but flat in 2015
2014-07-08 10:47:56 [North America]
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity and prices for 2014 and 2015.Read full article: [Canadian property prices set to rise 5.7% this year but flat in 2015]
 
Steady prime property market growth fanning out from London into UK regions
2014-07-07 10:08:15 [Europe]
Slow, steady prime house price growth is now fanning out from London with regional markets recording annual price growth for a fourth successive quarter, according to latest analysis from international real estate adviser, Savills.Read full article: [Steady prime property market growth fanning out from London into UK regions]
 
US home prices up 8.8% annually and set to see 6% rise in next 12 months
2014-07-04 12:23:16 [North America]
Home prices in the United States increased by 8.8% year on year in May and are expected to rise 6% in the next 12 months, according to the latest index data from property analysis firm CoreLogic.Read full article: [US home prices up 8.8% annually and set to see 6% rise in next 12 months]
 
Number of overseas investment buyers in London overestimated, new research suggests
2014-07-03 16:33:21 [Europe]
Overseas investors buying property in London to let out rather than live in only account for an estimated 7% of all greater London residential transactions, new research shows.Read full article: [Number of overseas investment buyers in London overestimated, new research suggests]
 
More homes coming onto the market in the US, latest data shows
2014-07-03 11:37:43 [North America]
After plunging throughout 2012 and for much of 2013, and rising only modestly through the beginning of this year, the number of new homes coming onto the market in the US surged in May.
Read full article: [More homes coming onto the market in the US, latest data shows]
 
Property prices up 1.4% month on month in Australian cities
2014-07-03 08:20:57 [Australasia]
Prices in Australia’s capital cities increases by 1.4% in June with all cities apart from Adelaide and Darwin recording a rise in values, according to the latest RP Data monthly report.Read full article: [Property prices up 1.4% month on month in Australian cities]
 
UK house prices see growth for fourteenth month in a row
2014-07-02 11:30:14 [Europe]
UK house prices increased by 1% in June and were 11.8% higher than June 2013 meaning that they have now surpassed their 2007 peak, according to the latest data from the Nationwide Building Society.Read full article: [UK house prices see growth for fourteenth month in a row]
 
US pending home sales up sharply in May, latest NAR data shows
2014-07-02 10:01:17 [North America]
Pending home sales in the United States rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the latest data from the National Association of Realtors.Read full article: [US pending home sales up sharply in May, latest NAR data shows]
 
Many first time buyers in UK relying on parental help with deposit
2014-07-02 07:56:09 [Europe]
On average first time buyers in the UK receive half of their deposit as a parental contribution with more than two thirds getting it as a gift, new research shows.Read full article: [Many first time buyers in UK relying on parental help with deposit]
 
Turkish resort appealing to second home owners and celebs
2014-07-01 09:57:46 [Europe]
Carefully controlled development, improving infrastructure and a growing celebrity following are fuelling interest in the upmarket Turkish resort of Kalkan, known as the Saint Tropez of Turkey, it is claimed.
Read full article: [Turkish resort appealing to second home owners and celebs]
 
Residential real estate sales in Canada jumped in May, latest data shows
2014-06-30 15:54:43 [North America]
Property sales nationwide in Canada recorded a sizeable month on month increase in May with growth of 5.9%, according to the latest data from the Canadian Real Estate Association.
Read full article: [Residential real estate sales in Canada jumped in May, latest data shows]
 
Majority of buyers in England and Wales pay less than asking price, new research shows
2014-06-30 11:56:11 [Europe]
New research reveals nearly three quarters of buyers in England and Wales paid less than the asking price of a property in the past 12 months.Read full article: [Majority of buyers in England and Wales pay less than asking price, new research shows]
 
House price growth halved in England and Wales, latest survey shows
2014-06-30 09:10:18 [Europe]
The rate of house price growth in England and Wales has halved in the last quarter with average prices rising by just 0.3% in June, according to the latest housing survey from Hometrack.Read full article: [House price growth halved in England and Wales, latest survey shows]
 
Property prices in England and Wales up 6.7% in May year on year
2014-06-27 14:04:37 [Europe]
Average house price in England and Wales increased by 0.4% in May and were 6.7% higher than a year ago, according to the latest data from the Land Registry.Read full article: [Property prices in England and Wales up 6.7% in May year on year]
 
Prime London property prices slow to 1.1% growth in second quarter of 2014
2014-06-26 15:49:55 [Europe]
Prime London property values rose by an average of just 1.1% in the second quarter of 2014, bringing year to date growth down to 4.9%, according to the latest index.Read full article: [Prime London property prices slow to 1.1% growth in second quarter of 2014]
 
Rash of new data shows property price declines in Spain have slowed considerably
2014-06-26 13:39:24 [Europe]
Home prices in Spain fell 4% in May compared with a 10.4% drop recorded in May 2013, indicating that the market could be nearing the bottom.Read full article: [Rash of new data shows property price declines in Spain have slowed considerably]
 
First time UK buyers still struggle to get a deposit, research suggests
2014-06-26 09:44:36 [Europe]
The number of first time buyers in the UK grew 8% in April despite the introduction of new mortgage rules but the biggest barrier is still large deposits needed even with the Help to Buy schemes up and running.Read full article: [First time UK buyers still struggle to get a deposit, research suggests]
 
Strong sales growth for home sales in the US, says latest NAR report
2014-06-25 17:00:55 [North America]
Existing home sales in the US increased strongly in May and inventory gains continued to help moderate price growth, according to the latest monthly report from the National Association of Realtors.Read full article: [Strong sales growth for home sales in the US, says latest NAR report]
 
Prime property price growth slows in Dubai
2014-06-25 09:36:56 [Middle East]
Price growth has decelerated sharply in Dubai with values in the prime residential market increasing by just 1% in the first three months of this year, a new report reveals.Read full article: [Prime property price growth slows in Dubai]
 
House building in UK falling but still accounts for over a third of construction projects
2014-06-24 14:14:34 [Europe]
House building in the UK failed to sustain the growth in construction activity in April despite it still accounting for a third of the total value of new contracts awarded, new data shows.Read full article: [House building in UK falling but still accounts for over a third of construction projects]
 
Madrid and Dublin leading recovery of luxury property market in European cities
2014-06-24 12:48:59 [Europe]
Real estate markets in Ireland and Spain both suffered considerably during the euro crisis but now their capital cities have been described as experiencing the stand out luxury property market recoveries last year.Read full article: [Madrid and Dublin leading recovery of luxury property market in European cities]
 
UK public spending committee criticises flagship Help to Buy scheme
2014-06-24 09:21:49 [Europe]
The UK government has yet to demonstrate that its flagship Help to Buy scheme provides value for money, according to a report from an influential parliamentary committee.
Read full article: [UK public spending committee criticises flagship Help to Buy scheme]
 
Not enough new homes being built in the US, especially at first time buyer level
2014-06-23 14:38:54 [North America]
New home construction activity is currently insufficient in most of the United States and some states could face persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation.Read full article: [Not enough new homes being built in the US, especially at first time buyer level]
 
Home owners in UK still expect property prices to be rising
2014-06-23 13:37:33 [Europe]
Almost 30% of households in the UK believes that the value of their home rose in June, compared with just 4.4% who thought it had fallen, according to the latest house price sentiment index.Read full article: [Home owners in UK still expect property prices to be rising]
 
UK has most transparent commercial property market in the world
2014-06-23 11:56:39 [Global News]
Commercial property markets around the world are becoming more transparent with the latest index covering 102 key markets showing over 80% have improved since 2012.Read full article: [UK has most transparent commercial property market in the world]
 
National UK average rents reach above £1,000 for first time ever
2014-06-23 08:10:30 [Europe]
The national average advertised rent in Britain has risen above £1,000 for the first time, and reaching £2,300 per month in London, according to the latest index.Read full article: [National UK average rents reach above £1,000 for first time ever]
 
Brazil offers property investment for overseas buyers
2014-06-20 09:56:41 [Latin America]
All eyes may be on the football in Brazil but the country’s real estate market is also proving to be of interest to overseas buyers looking for a real estate investmentRead full article: [Brazil offers property investment for overseas buyers]
 
US sees sharp fall in homes being put up for sale in some key cities, index shows
2014-06-19 12:43:13 [North America]
Residential real estate inventory in the United States is down for the fourth month in row and home values are also falling, the first decline in two years.Read full article: [US sees sharp fall in homes being put up for sale in some key cities, index shows]
 
Hong Kong residential market gets a boost from stamp duty change
2014-06-18 15:09:24 [Europe]
The volume of residential property sales in Hong Kong in May rebounded for the second month in a row as developers continued to offer buyers attractive deals on new schemes.Read full article: [Hong Kong residential market gets a boost from stamp duty change]
 



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