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News related to real estate

Developers offering discounts to new home buyers in Hong Kong
2014-04-17 10:23:25 [Europe]
Developers in Hong Kong are continuing to launch new residential projects with incentives which are proving attractive to buyers, especially first time buyers, according to the latest monthly residential report.Read full article: [Developers offering discounts to new home buyers in Hong Kong]
 
US sellers advised to spruce up the outside of their properties for a fast sale
2014-04-16 15:39:32 [North America]
Home owners in the United States putting their properties on the market should focus on making them look good on the outside rather than undertake large scale renovations, a survey has found.Read full article: [US sellers advised to spruce up the outside of their properties for a fast sale]
 
Foreign buyers attracted to Corfu and some Balkan property markets, says new report
2014-04-15 12:13:30 [Europe]
Corfu’s position as a high end recreation destination means that its property market has proved resilient when set against the markets of mainland Greece, according to a new analysis from real estate firm Savills.Read full article: [Foreign buyers attracted to Corfu and some Balkan property markets, says new report]
 
New home sector seeing strong growth in Australia
2014-04-14 14:23:32 [Australasia]
Residential building approvals remained close to record levels during February despite falling slightly, according to the latest figures from the Australian Bureau of Statistics (ABS).Read full article: [New home sector seeing strong growth in Australia]
 
Property price growth in London spreading across the south of the UK
2014-04-14 08:07:45 [Europe]
Property price growth in London is pushing up values in all southern regions of the UK to new price records but northern areas are around 6% behind, according to the latest Rightmove market report.Read full article: [Property price growth in London spreading across the south of the UK]
 
House prices up 6% in New Zealand to new record high, latest monthly index shows
2014-04-11 11:13:44 [Australasia]
Median house prices in New Zealand have reached a new high of $440,000 and sales have also increased, according to the latest index from the Real Estate Institute of New Zealand.Read full article: [House prices up 6% in New Zealand to new record high, latest monthly index shows]
 
Over half of homes for sale in major US markets are unaffordable for typical buyers
2014-04-08 08:56:04 [North America]
More than half of the homes for sale in several major markets in the United States are unaffordable for average buyers, according to a new report.Read full article: [Over half of homes for sale in major US markets are unaffordable for typical buyers]
 
Prices in Australian capital cities up 2.3% but growth unlikely to be sustained
2014-04-08 07:32:09 [Australasia]
Prices in capital cities in Australia increased by 2.3% in March with values up in every state month on month, the latest real estate index showRead full article: [Prices in Australian capital cities up 2.3% but growth unlikely to be sustained]
 
Property prices and sales in Canada forecast to rise steadily in 2014 and into 2015
2014-04-04 14:46:35 [North America]
The Canadian Real Estate Association (CREA) has updated its forecast for home sales and prices, saying it expects transactions and values to increase during the spring months and into 2015.Read full article: [Property prices and sales in Canada forecast to rise steadily in 2014 and into 2015]
 
Auckland prices up 7% last month, latest data shows
2014-04-04 11:02:04 [Australasia]
Residential property prices in Auckland, New Zealand, increased by 7% last month with average house prices reaching $725,708, according to the latest data from agents Barfoot & Thompson.Read full article: [Auckland prices up 7% last month, latest data shows]
 
National home prices in the US flat over the first quarter of 2014
2014-04-03 15:48:39 [North America]
Non-seasonally adjusted national home prices in the United States remained mostly flat over the winter, up 0.7%, with five metro markets show quarterly declines, according to the latest home data index from ClearCapital.Read full article: [National home prices in the US flat over the first quarter of 2014]
 
Real estate investment in London’s West End sees highest turnover since 1995
2014-04-02 13:57:35 [Europe]
The second half of 2013 saw a considerable pick up in real estate investment activity in the West End of London, with £5.8 billion transacted, according to the latest analysis report from Savills.Read full article: [Real estate investment in London’s West End sees highest turnover since 1995]
 
Gap between renting and buying costs closing in US cities
2014-04-01 15:19:16 [North America]
The gap between renting and buying is narrowing across cities in the United States but home ownership is still 38% cheaper than renting and will be until interest rates reach 10.6%, new research shows.Read full article: [Gap between renting and buying costs closing in US cities]
 
Australian policy on foreign investment in property under review
2014-03-31 11:42:03 [Australasia]
The law surrounding the purchase of property in Australia by foreign nationals is being reviewed amid concern that buyers, especially from China, are pricing locals out of the market in popular locations.Read full article: [Australian policy on foreign investment in property under review]
 
Property prices up in Edinburgh for fourth quarter in a row
2014-03-31 09:34:27 [Europe]
Property prices in Edinburgh increased by 1.3% in the first three months of 2014 and by 4.6% annually, according to the latest index figures from Knight Frank.Read full article: [Property prices up in Edinburgh for fourth quarter in a row]
 
US pending home sales down for eighth month in a row
2014-03-28 16:12:39 [North America]
Pending home sales in the United States declined for the eighth straight month in February, according to the latest index from the National Association of Realtors.Read full article: [US pending home sales down for eighth month in a row]
 
Property prices in England and Wales up 5.3% year on year, latest index shows
2014-03-28 13:45:32 [Europe]
House prices in England and Wales increased by 0.7% in February compared to the previous month and are up 5.3% year on year, according to the latest Land Registry House Price Index.Read full article: [Property prices in England and Wales up 5.3% year on year, latest index shows]
 
More foreign buyers in Spain but less Brits, according to Spanish notaires
2014-03-28 11:04:43 [Europe]
More foreign buyers are buying property in Spain but the traditional purchasers from the UK are in decline, according to new data from property lawyers.Read full article: [More foreign buyers in Spain but less Brits, according to Spanish notaires]
 
Scottish properties spending too long on the market before being sold, new report suggests
2014-03-27 10:30:24 [Europe]
The average asking price for a Scottish home is now 15.5% lower than the boom time peak registered in October 2007 with the country not seeing the same real estate market growth as neighbouring England, a new report suggests.Read full article: [Scottish properties spending too long on the market before being sold, new report suggests]
 
Dubai to get mandatory real estate contracts
2014-03-26 17:33:00 [Middle East]
Property contracts in Dubai will become mandatory from 01 May in a bid to clarify the roles of buyers, sellers and brokers, the Dubai Land Department has confirmed.Read full article: [Dubai to get mandatory real estate contracts]
 
Canadian property prices up over 10% year on year, latest index shows
2014-03-26 15:48:13 [North America]
Property prices in Canada increased by 10.1% compared with a year earlier, taking the national average price for homes sold in February to $406,372, according to the latest figures from the Canadian Real Estate Association.Read full article: [Canadian property prices up over 10% year on year, latest index shows]
 
Strong real estate market in Miami with properties selling near asking price
2014-03-25 15:36:51 [North America]
The performance of the Miami real estate market remained strong in February, as prices continue to rise while properties are selling rapidly and near asking price, according to the latest report from the Miami Association of Realtors.Read full article: [Strong real estate market in Miami with properties selling near asking price]
 
England now needs 260,000 new homes a year, conference is told
2014-03-25 13:38:07 [Europe]
In the 10 years since a major housing review report warned that at least 210,000 new homes a year needed to be built in England, an average of just 115,000 have actually been built.Read full article: [England now needs 260,000 new homes a year, conference is told]
 
Brazil hailed as an exciting opportunity for buy to let property investors
2014-03-25 13:16:21 [Latin America]
Brazil is one of the world’s most exciting emerging property markets for investors looking for buy to let real estate that brings in a regular income, according to a new report.Read full article: [Brazil hailed as an exciting opportunity for buy to let property investors]
 
Distressed sales fall in the US as transaction increase overall, latest index shows
2014-03-24 17:12:41 [North America]
US home sales increased by 8%  year on year in February and 3.8% month on month, according to the latest data from CoreLogic.Read full article: [Distressed sales fall in the US as transaction increase overall, latest index shows]
 
Majority of IFAs expect UK house prices to rise in next three years
2014-03-24 16:06:12 [Europe]
Nine out of ten Independent Financial Advisers expect UK house prices to increase during the next three years.Read full article: [Majority of IFAs expect UK house prices to rise in next three years]
 
Over half wanting to move home in the UK can’t see it happening this year
2014-03-24 14:29:37 [Europe]
Over 50% of people in Britain ay they are considering a house move but most can’t see themselves being in a position to do so in the next 12 months, according to new researchRead full article: [Over half wanting to move home in the UK can’t see it happening this year]
 
Rising prices and bad weather hit home sales in the US in February say agents
2014-03-21 16:29:31 [North America]
Home prices in the US continued to show solid growth in most of the country due to limited inventory conditions, but rising prices and severe winter weather caused existing home sales to slip in February.Read full article: [Rising prices and bad weather hit home sales in the US in February say agents]
 
UK property prices forecast to grow by over 30% in next five years
2014-03-21 11:41:56 [Europe]
The Office for Budget Responsibility (OBR) as revised its forecast for house price growth in the UK in the next five years from 27% to 30.8%.Read full article: [UK property prices forecast to grow by over 30% in next five years]
 
US home prices expected to rise 3% in next 12 months, says latest forecast report
2014-03-20 16:35:39 [North America]
US property prices are expected to rise 3% in the next 12 months but growth will depend on location, according to the latest real estate market report from Zillow.Read full article: [US home prices expected to rise 3% in next 12 months, says latest forecast report]
 
Property prices and rents continue falling in Cyprus and sales are down considerably
2014-03-20 11:21:51 [Europe]
Property prices and rental values are continuing to fall in Cyprus but there are much fewer sales than normal due to the banking crisis, according to the latest quarterly index report from the Royal Institution of Chartered Surveyors.
Read full article: [Property prices and rents continue falling in Cyprus and sales are down considerably]
 
Independence debate having no effect on improving Scottish property market
2014-03-20 10:20:09 [Europe]
Scottish house prices have so far shown no negative response to the independence debate with prices up 1.1% in January, the largest monthly increase for over four years.Read full article: [Independence debate having no effect on improving Scottish property market]
 
Worrying number of UK mortgagees won’t finish paying before retirement
2014-03-19 18:14:38 [Europe]
Nearly one in three people with a repayment mortgage in the UK won’t repay it until they’re 60 or older, new research suggests, and it means they may have to delay retirement plans.Read full article: [Worrying number of UK mortgagees won’t finish paying before retirement]
 
UK average asking prices up 3.3% month on month, latest index shows
2014-03-19 15:34:31 [Europe]
New sellers have helped push up property prices in the UK, with the average asking price seeing a rise of 3.3% or £8,103 last month, according to the latest data from Rightmove. Read full article: [UK average asking prices up 3.3% month on month, latest index shows]
 
Property value growth in Australian capital cities slows, latest monthly index shows
2014-03-18 17:28:26 [Australasia]
Residential property value growth in capital cities in Australia didn’t really move last month with the market pausing for a breather, according to the latest RP Data Rismark home value index.Read full article: [Property value growth in Australian capital cities slows, latest monthly index shows]
 
Owning a home costs less than renting in the UK, says leading lender
2014-03-18 09:01:41 [Europe]
The cost of owning a home in the UK is now on average £124 per month or £1,488 a year lower than renting, according to new research from the HalifaxRead full article: [Owning a home costs less than renting in the UK, says leading lender]
 
Millions of first time buyers want to buy a home in the US, new index shows
2014-03-14 16:22:47 [North America]
More than four million first time buyers want to enter the housing market in the United States in 2014, buoyed by strong housing market confidence, it is claimed.Read full article: [Millions of first time buyers want to buy a home in the US, new index shows]
 
Global property investment market turned a corner in 2013, latest analysis shows
2014-03-13 14:13:09 [Global News]
The global property investment market delivered US$1.18 trillion of transactions in 2013, a 22.6% increase on 2012 and the highest total since 2007, according to Cushman & Wakefield’s latest International Investment Atlas.Read full article: [Global property investment market turned a corner in 2013, latest analysis shows]
 
Scottish referendum might slow the property market, but prices set to rise after vote
2014-03-12 12:04:21 [Europe]
Interest in Scottish rural estates remains relatively healthy despite the independence referendum and the possibility of new land reform legislation, it is claimed.Read full article: [Scottish referendum might slow the property market, but prices set to rise after vote]
 
Strong interest from overseas buyers helping the Spanish property market
2014-03-12 11:31:38 [Europe]
Spain’s prime residential property market is still being driven by international buyers, attracted by the country’s low prices, investment opportunities and lifestyle, according to a new report.Read full article: [Strong interest from overseas buyers helping the Spanish property market]
 
Sub orbital space travel set to change global property markets, it is claimed
2014-03-11 11:20:10 [Global News]
Space, the final frontier as it is known, could soon be playing a part in the property market with a new report suggesting that the launch of sub orbital travel presents the opportunity to radically shift global property markets.
Read full article: [Sub orbital space travel set to change global property markets, it is claimed]
 
Miami see blistering start to 2014 with sales, prices and listings all up
2014-03-10 16:43:55 [North America]
Following three consecutive record sales years and more than two years of appreciation, the Miami real estate market began this year with strong sales, prices and new listings.Read full article: [Miami see blistering start to 2014 with sales, prices and listings all up]
 
Prime property markets in Asia Pacific seeing strong growth, latest international index shows
2014-03-10 13:49:10 [Global News]
Booming Asian Pacific prime property markets are seeing prices rise again while the sector in Europe is not doing as well but Monaco still has most expensive real estate, according to the latest index from Knight Frank.Read full article: [Prime property markets in Asia Pacific seeing strong growth, latest international index shows]
 
UK house prices up for 11 month in a row, according to latest index
2014-03-07 10:20:59 [Europe]
House prices in the UK in the three months February were 2.1% higher than in the three months November, according to the latest index from the Halifax.Read full article: [UK house prices up for 11 month in a row, according to latest index]
 
RICS leads calls for stamp duty change in the UK
2014-03-07 09:37:05 [Europe]
UK Chancellor George Osborne is being urged to look again at the nation's Stamp Duty thresholds with a view to announcing a change in his forthcoming Budget 2014.Read full article: [RICS leads calls for stamp duty change in the UK]
 
Quarterly property prices gains in the US notably lower, says latest index
2014-03-06 16:02:58 [North America]
National home price gains in the United States were notably lower over the quarter to the end of February, down to 1% from 2.5%, according to the latest data from real estate valuers Clear Capital.Read full article: [Quarterly property prices gains in the US notably lower, says latest index]
 
Negative equity rate falls below 20% for first time in US for years
2014-03-05 10:21:14 [North America]
In another sign that the US residential real estate market is recovering the national negative equity rate ended 2013 below 20% for the first time in years, according to the latest report from Zillow.Read full article: [Negative equity rate falls below 20% for first time in US for years]
 
Price growth in prime central London lags other markets for first time since 2009
2014-03-04 15:57:54 [Europe]
For the first time since 2009 property price growth in the prime central London sector is slower than the UK mainstream market, according to a new analysis from Knight Frank.Read full article: [Price growth in prime central London lags other markets for first time since 2009]
 
Gulf buyers dominating new sales in Dubai’s recovering real estate market
2014-03-04 11:28:07 [Middle East]
Gulf buyers are still the main players in Dubai’s real estate market with the latest figures showing that the largest property purchases are from Qatar, Oman, the United Arab Emirates and Saudi Arabia.Read full article: [Gulf buyers dominating new sales in Dubai’s recovering real estate market]
 
Increasing numbers of prime property owners in central London downsizing
2014-03-03 17:37:08 [Europe]
The lower end of the prime property market in central London seems to be set to continue doing well as increasing numbers of owners downsize from more substantial properties.Read full article: [Increasing numbers of prime property owners in central London downsizing]
 



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