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 … Read more

Australia’s property investment hotspots revealed

South Brisbane, Queensland, is Australia’s top property investment hotspot, according to new research. The trendy city district is a cultural oasis and home to the Gallery of Modern Art, the State Library and the Queensland Art Gallery. The rents are among the highest in Australia, with yields topping 7%, according to website Your Investment Property. … Read more

Spanish house prices slump 8.5% in a year

Spanish property prices have slumped by 8.5% over the past year – a €23,000 drop in average asking prices, according to online property portal Kyero. With asking prices falling from €267,000 to €244,000 in just a year, 25% unemployment and tough financial problems, local sales have dried up. However, cash buyers are jetting in from … Read more