- Global Real Estate & Investment News from Propertyshowrooms.com -

News and articles on worldwide property and real estate ...

Last Update: Fri Jun 19 12:04:20 2009

- Economists predict US growth soon - The US economy will start growing again by the end of the summer and house price increases will follow next year, it [...] per cent cheaper for UK buyers than it was in April, money exchange firm Foreign Currency Direct calculated last week.

- Foreclosed Bulgarian market emerges - Bulgaria is starting to provide a market for foreclosed property , with the advent of a new site for such [...] Iskrov. He said that property prices in the country had fallen close to their correct market value.

- Italy's alternative Riviera recommended - Italy offers a cheaper alternative to the French Riviera, it has been stated. The Liguria region is close [...] that the improving pound had provide a "confidence boost" to British investors buying in Europe.

- Australian state's stamp duty plan welcomed - A halving of stamp duty on new-build homes worth less than AUD600,000 (GBP292,000) is likely to provide a major [...] will help prices in major cities to boom. It tipped Melbourne and Adelaide to also see large price rises.

- Specialist tips French property success - It is still possible to be successful in French property investment , a specialist in the legal aspect of such [...] of the firm Su Bishop said it was a part of France suited to the "discerning" investor.

- Schrapnel tips Australian market to explode - Australia's property sector could be set for rapid price growth in the next three years, a new report has [...] significantly in the last ten years and the central business district has seen the development of new apartments.

- Florida region 'showing market improvement' - An area of Florida that has suffered heavily in the recent property slump is showing signs that its market has [...] house prices and the rise of the value of sterling, which has cut both the cost of homebuying and that of groceries.

- Burgundy tipped for French stability - Burgundy is a region of France that is enjoying more stability than elsewhere in property prices, it has been [...] increases in the value of sterling against the euro, with the pound have risen above EUR1.17 in value last week.

- Estonia 'in eurozone by 2011' - Estonia could soon adopt the euro as its national currency, a member of the European Commission has said. [...] prospects were improving, with the rate of decline in industrial output and exports slowing, Bloomberg reported.

- World Cup 'will boost rental prices in Brazil' - Property investors who rent out homes will be able to make a large profit from the 2014 world cup in Brazil, it [...] Brasilia, Cuiaba, Recife and Porto Alegre were recently named as host cities by football's world governing body Fifa.

- US property in 11% price boost - British buyers converting pounds to dollars will find that purchasing and living in a property in the US is now 11 [...] of Economic and Social Research suggested the UK recession could be ending, with the economy growing in April and May.

- Property prices 'rising again in UAE' - Property prices are starting to rise again in the UAE, it has been stated. Speaking to news agency The [...] Properties Peter Riddoch, who told Gulf News the market there is showing signs of "bottoming out".

- Cyprus 'the star performer' - Cyprus has been described as a lone beacon of economic growth in the eurozone. The country looks on [...] its neighbours, noting that the economy was still growing and the government had not needed to bail out Cypriot banks.

- Portugal property quality praised - Portugal's quality of property has been praised in a feature on the Algarve market. The American [...] given was that the pound has been gaining in value against the euro, increasing the purchasing power of Britons.

- US property buyers aided by sterling rise - A further increase in the value of sterling against the US dollar may help those looking to buy property in the US [...] said the location, which is near Orlando, has one of the highest levels of air quality in any urban area of the US.

- Sterling boost for eurozone property - The pound has risen in value against the euro following new indicators that the UK economy is improving, something [...] with the broader picture of stabilisation" revealed by other recent economic indicators, it added.

- Bulgaria prices 'at market value' - The average price of property in Bulgaria is now close to reaching its real market value, it has been stated. [...] Bulgaria's central bank trimmed its base rate at the start of last month from 3.53 per cent to 2.27 per cent.

- Distressed sales 'offering bargains' - Those looking to buy property overseas can pick up many bargains due to the economic climate, it has been [...] that the year to May 2009 has seen a doubling of the number of Britons buying euros to purchase overseas properties.

- Spanish property market tipped for improvement - A representative of a Spanish property firm has said the market in the country is close to the bottom. [...] stated that two-bedroom flats on the Costas have seen their prices drop by an average of 30 per cent since last year.

- US property buyers advised to try Kissimmee - Kissimmee in central Florida is a favourable place to buy US property , it has been suggested. Road [...] fall in prices during the first quarter of 2009, the largest such fall in the 21-year history of the survey.

- US sees upsurge in buyers as property gets cheaper - The US is attracting more British buyers as the cost of buying a property there falls, it has been stated. [...] abroad", advising that buyers should get independent advice on the financial and legal issues involved.

- Spain and Portugal properties 'more affordable now' - Properties in Spain and Portugal have become a lot more affordable for Britons, a new survey has found. [...] Jolie with the country, amid claims that she had instructed an agent to find her a beachfront property on the Algarve.

- Eurozone rates stay put - The European Central Bank (ECB) has held interest rates, meaning the cost of euro mortgages may stay unchanged. [...] boost" to Britons wishing to buy in the eurozone, with the result being a rise in enquiries.

- Keep a level head, investors told - Those investing in overseas properties in places such as Florida should remember that they need to act with common [...] should be done because there will be no seller who is under the obligation to ensure utilities are in working order.

- Fractional ownership praised by property firm - A property firm has praised the flexibility and opportunities that fractional ownership offers. Director [...] good time to take one out, Miranda John of mortgage broker Savills Private Finance recently told the Daily Telegraph.

- Britons 'seeking dream homes in Australia' - Australia has emerged as the new location of choice for Britons naming their dream home. Insurer Legal [...] state aid for first-time buyers and lower stamp taxes for off-plan buyers made Victoria the best state to purchase in.

- Cyprus property transactions down - The number of Cypriot property transactions has continued falling, official figures have revealed. Data [...] is the only one in the eurozone with a growing economy, while unemployment and public debt are comparatively low.

- Tourism investment in potential property boost - Italy is to offer extra funding for its tourist industry, something that could benefit those investing in holiday [...] The magazine noted that the eastern side of the island is the most favoured part for UK investors.

- Dubai 'stands up to analysis' - A study of Dubai and its property market reveals that it has more to offer than some press headlines suggest, it [...] falling by 41 per cent. However, this may stimulate interest from buyers more able to afford to buy there.

- Infrastructure project completed in Cape Verde - A roadbuilding project in Cape Verde has been completed, providing a potential boost for the property market on [...] hour's drive of an international airport," noting that better roads mean this brings more areas within reach.

- Australian property demand tipped to grow - Demand for Australian property among foreign investors is growing and set to rise further, it has been [...] homes being bought in April compared to March, with this figure 22 per cent higher than its floor level in December.

- Dubai 'set for a comeback' - Dubai is set to bounce back from its recent property market dip because it still offers the infrastructure to [...] five per cent in May, while in Abu Dhabi saw a two per cent jump in April and a seven per cent increase last month.

- Take your time, Andalucia buyers advised - Those thinking of buying property in rural parts of inland Spain such as Andalucia should spend time in the area [...] She said those who did so were able to experience an "authentic" Spanish lifestyle in Andalucia.

- Time to buy in Spain, buyers advised - Now is a good time to buy homes in Spain because the market has seen larger price falls than elsewhere in Europe, [...] Mr Jordan said: "We are very pleased. We cannot believe it has really happened."

- Australia sees new homes sales rise - Sales of new homes in Australia have risen again, new research has shown. Figures from the Housing [...] remained as optimistic about the prospects for the economy five years hence as they had before the economic crisis.

- Cyprus property developer offers wares in UK - A property developer in Cyprus has launched its latest residential offering in London. Pafilia is [...] in the area of Fig Tree bay, with prices starting at EUR350,000 (GBP303,000), the London Daily News reported.

- Buyer hails property bargain in Spain - A property buyer in Spain has described how being patient and doing the right sort of research helped him find a [...] property to target for those who carry out good research, possess strong negotiating skills and have the funds to buy.

- Euro fall 'boosting Italy' - The Italian property market is one of the beneficiaries of an improvement in the value of the pound against the [...] such as the GBP268,120 property highlighted to the paper by property agency Luca Santoro of House & Loft.

- Good time to buy in France, couple insist - A British couple have managed to find their ideal French property at an affordable price despite the lower value [...] Independent reported last week. This has included one firm providing French cooking and archery lessons.

- Empty homes list pinpoints top US cities - Orlando is one of the locations with the largest number of empty new build homes, a study has revealed. [...] 2008. This could mean that buyers have most of the rest of this year to capitalise on the situation.

- Florida property buyers advised to check quality of foreclosed property - Those buying foreclosed property in Florida have been advised to have extra checks carried out so they do not [...] Sentinel reports. Metrostudy's chief economist Brad Hunter said such homes help to push prices down.

- European properties 'becoming more affordable' - A range of factors has led to properties in the eurozone becoming more affordable, with a resulting increase in [...] rate by 0.25 percentage points to one per cent, something that may help lower mortgages across the eurozone.

- Spain 'getting cheaper' - The international fall in property prices is helping to make Spain a more affordable place in which to buy, new [...] home in 1994 he was easily able to access labour to carry out home improvements as this had been in low demand.

- New Cyprus development announced - Those keen on buying a Cyprus property may be interested by a new development in the country. Developer [...] He cited factors such as falling inflation, continued economic growth and relatively low unemployment.

- New airline link to Cape Verde - A new air link to Cape Verde has been announced, something that may encourage those looking to invest in the [...] places "within an hour's drive" of the nearest international airport, something investors prefer.

- Sterling rise may boost US property buyers - Britons looking to convert pounds to dollars to buy US property have had a boost this week as the exchange rate [...] order such as utilities, since there is no obligation on the seller to ensure this when a property is foreclosed.

- US prices plunge again - Those seeking bargains in the US property market may find more opportunities to do so following the publication of [...] that the city is emerging as "one of the quickest" to bounce back from the property slump.

- Sicily 'drawing in Britons' - British property buyers have become significantly involved in the Sicilian property market in the past two years, [...] has boosted mortgage enquiries from Britons keen to buy in eurozone countries, overseas mortgage firm Conti has said.

- Angelina Jolie linked with Portuguese property - Actress Angelina Jolie has been linked with the purchase of a new home in Portugal. The Changeling star, [...] Clare Nessling said this has led to a 20 per cent rise in enquiries for mortgages in the eurozone in recent weeks.

- Fractional deal in South Africa 'offering more' - Those who want more from a property overseas are able to get it through deals such as one being offered in South [...] this month. It revealed a 2.7 per cent year-on-year fall between April 2008 and the same month this year.

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