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Portuguese agency expands to cope with surge in overseas demand
Portuguese agency Infinito Real has taken on four new members of staff to cope with a surge in activity as “cheap prices and high-interest savings accounts attract seasoned investors and amateur overseas landlords to the market.”
Wed, Jan 11, 2012
Unemployment rate in us dips to 8.5% in december
Since jobs drive the housing market, the U.S. real estate sector received a little good news today. The unemployment rate continued to slowly decline in December.
Wed, Jan 11, 2012
Spanish banks lending over 100% on repossessed properties
Spanish Banks are prepared to lend over 100% on their own properties that have been repossessed, it has been revealed.
Wed, Jan 11, 2012
Global hotel investment to hold steady in 2012, says jones lang lasalle
Global hotel investment volumes surged impressively in the first half of 2011, with Real Estate Investment Trusts leading the way and signs of debt market revival encouraging activity, according to the latest report from international commercial real estate advisors Jones Lang LaSalle Hotels.
Wed, Jan 11, 2012
Jodie foster sells beverly hills estate for $8.3 million
The seven-bedroom, eight-bathroom compound features a guesthouse, a tennis court and a swimming pool.
Wed, Jan 11, 2012
Interest rate cuts boost new home sales in australia
The first interest rate cut in two and a half years has had an immediate impact with sales of new homes jumping 6.8%.
Wed, Jan 11, 2012
Slovenian real estate prices slide
Slovenia’s membership in the European Union (EU) is causing more harm than good as the debt crisis causes a chill in the country’s housing market.
Wed, Jan 11, 2012
'even worse recession ahead' if property market is not stabilised
Economist Peter Bacon has warned that Ireland faces a recession "more protracted and more severe than the one we are already in" if the Government fails to intervene in, and bring stability to, the property market.
Wed, Jan 11, 2012
Chinese land sales slide 13% in 2011
China’s land sales plummeted by 13% in 2011 as prices flattened according to a new report.
Wed, Jan 11, 2012
Florida cash buyers exploiting tax-dodge loophole
An investigative report in The Miami Herald newspaper this week has reported that Florida, which currently accounts for a third of all the “foreign-backed property transactions” in the USA and is the country’s “number one state for international residential real estate sales,” is losing out on large of amounts of property tax revenues as deals increasingly go through in cash and the buyers concerned register themselves offshore.
Wed, Jan 11, 2012