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Us luxury home sales hit six-year high
Sales of luxury homes in the USA hit a six-year high in the first quarter of 2013, according to new figures from Redfin.
Wed, May 15, 2013
Luxury property in asia has “steady start” to 2013
Luxury property in Asia has had a “steady start” to 2013, according to Jones Lang LaSalle, with prices continuing to rise in the first quarter of the year.
Tue, May 14, 2013
Abu dhabi’s residency rules starting to effect housing market
Abu Dhabi’s recent mandate for all government employees to reside within the emirate to quality for housing allowances is “slowly starting to have an effect on leasing volumes”, according to CBRE.
Tue, May 14, 2013
Us house prices see best annual growth in seven years
US house prices continued to increase in the first quarter of 2013, according to the National Association of Realtors, with overall growth marking the best annual increase in over seven years.
Tue, May 14, 2013
Watch - cyprus banking reforms praised by eu ministers
Efforts by cash-strapped Cyprus to restructure its banking systems have been praised at a meeting of Eurozone finance ministers in Brussels. The island has now received the first part of a rescue loan. Debt-ridden Greece was told it needs to speed up its reforms. "Greece needs to fully implement the agreed measures to improve tax collection in order to ensure a fairer distribution of the adjustment," said Jeroen Dijsselbloem, Eurogroup President. "Secondly, the necessary measures should be implemented to the liberalisation of closed professions and to enhance competition in products and service markets." Meanwhile on Monday, Spain and Portugal called for for the eurozone to complete a banking union. Many believe it is needed to restore investor confidence. "We have made significant progress on the work to design the rules for direct banking recapitalisation by the European Stability Mechanism. We now need to work intensively to conclude an agreement by next month," said Olli Rehn, EU Commissioner for Economic Affairs. Many believe a banking union is needed to restore investor confidence. Euronews reporter Isabel Marques da Silva, in Brussels, said: "The discussions on banking union and macroeconomic imbalances of 13 countries will resume at a meeting of the Economic and Financial Affairs Council. "But that meeting will be dominated by measures against fraud and tax evasion, which should be approved at the next EU summit later this month."
Tue, May 14, 2013
New home lending improves in australia
Lending for new homes in Autsralia increased during March 2013, according to ABS Housing Finance figures release today.
Mon, May 13, 2013
Spanish residency law drives up chinese demand
Chinese demand for property in Barcelona and Ibiza is on the up, according to Lucas Fox. The increase in attention follows a proposed change in Spanish residency law, which would offer residency to non-EU citizens who buy a property worth at least €500,000.
Mon, May 13, 2013
Growing hong kong demand prompts first ever advisory service for vineyard investors
The first ever real estate advisory serviced has been launched for vineyard investors. The service, announced this week by Christie’s International Real Estate, brings together the agents’ fine wine experts and luxury property specialists to offer a “discrete consultative service” for clients looking to acquire vineyards in sought-after wine regions.
Mon, May 13, 2013
One-third of us home buyers do not understand mortgages
One-third of first-time buyers of US property are “ill-prepared to take out a mortgage”, according to surprising new research from Zillow.
Mon, May 13, 2013
Watch - canadian property market update
In the last several years, most areas in Canada have been in a buyer's market. However, with inventory at the lowest supply since 2005, chances are most of Canadian homeowners are now in a seller's market.
Mon, May 13, 2013