Manila Thriller As House Prices Boom

Manila, the capital city of the Philippines, is proving a thriller for investors with an incredible property price boom. The figures are backed up by a report entitled Emerging Trends in Real Estate 2013 by professional services firm PricewaterhouseCoopers (PwC) and the Urban Land Institute. They say 400 property experts gave their views on … [Read more...]

Surprise Tax Demands Add To Holiday Home Woes

Buyers of homes in Cyprus have received surprise tax demands for the interest generated from cash locked in property developers’ escrow accounts. Cypriot house builders demand stage payments rather than a deposit and final purchase of a property, so most buyers hand the cash to a lawyer or bank to prove they have the cash to fund the … [Read more...]

Brits splash out on 1,500 homes in Dubai

Brits spent £440 million on buying more than 1,500 homes in Dubai in the first six months of 2012, according to the latest official figures. But that only captured second place in the overseas buyer table as Indians bought more than 2,100 homes valued at £660 million. Foreign investors purchased a total of 12,875 properties valued at £3.8 … [Read more...]