+ 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 has been [...] the US is 11 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 homes. The [...] Association Lachezar 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 to the Cote- [...] O'Sullivan noted 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 boost to the [...] rates after that 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 transactions has [...] Representative 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 predicted. The [...] city has advanced 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 bottomed out and is [...] trends in US 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 stated. [...] encouraged by recent 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. Commissioner [...] that the economic 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 has been [...] Salvador, 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 per cent [...] Institute 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 National, head of [...] of Damac 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 course to be the [...] than those of 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 Chronicle noted that [...] Another reason 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 . [...] Road House Realty 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 that could make [...] be "coherent 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. Speaking [...] rate cut. 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 stated. [...] it also found 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. Director of [...] Currency Index 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 House Realty said [...] per cent year-on-year 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. Research by [...] rules of safe buying 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. Research by [...] Angelina 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. [...] provided a "confidence 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 sense, it has [...] said this 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 of Seek [...] a potentially 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 & [...] that extra 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 from the [...] that the country 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 rental [...] Life recently reported. 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 has been [...] with values 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 Santiago [...] buy within an 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 predicted. [...] number of new 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 attract investors , [...] cent in April and 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 they wish to [...] 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, it has been [...] the Times reported. 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 Industry Association [...] in the country 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 showcasing homes at [...] Greco and Paralimni 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 bargain deal. [...] best type of 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 euro, it has been [...] affordable deals, 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 of the pound [...] courts, the 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. Housing research [...] said in November 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 suddenly face [...] the Orlando 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 Britons wishing to [...] its main refinancing 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 figures have [...] acquiring a Spanish 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 A E & [...] said this month. 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 islands. [...] would bring more 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 has [...] is in working 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 figures [...] has been suggesting 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, it has been [...] This trend 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, who is [...] firm Conti 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 Africa, it has [...] showed earlier this month. It revealed a 2.7 per cent year-on-year fall between April 2008 and the same month this year.