Miami Property Runs Out After Year Of Record Sales

Fears that property for sale is running out in Miami may undermine its record-setting year of sales in 2012, according to real estate agents. Last year, sellers also saw asking prices increase for family homes and apartments in Miami with this trend being reported across Florida. The reason for the boom, says the Miami Association of Realtors … [Read more...]

Russia Bans Investors In Corruption Fight

There’s more bad news for owners of property in Cyprus after the Russian government announced a clamp down on its officials and civil servants from owning property overseas. Cyprus is a popular location for Russian property buyers and news of the proposed law is unlikely to go down well. The aim of the Russian law is to end corruption and its … [Read more...]

What expats really think of their home from home

What expats really think of the countries they live and work in has thrown up a few surprises. Not surprisingly some stereotypes are reinforced, like the Germans are viewed as the most trustworthy while French people are the most arrogant. The survey, conducted by the Pew Research Centre, says that Europe is one of the most popular … [Read more...]

Spanish Property Prices Poisoned By Toxic Bank

Fears are growing that banks in Spain look set to put the skids under the country’s property prices as they offload their real estate holdings. In a bleak market that has seen prices tumble since the 2008 property crash, the move will weaken prices further and scupper any hopes for a property revival this year. The issue is that the banks … [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...]

Ski resort home prices get a lift from investors

Property prices in ski resorts are booming after several years in the doldrums following the global economic downturn, says a new report. The Knight Frank Prime Ski Property Index shows that the average price around the world dropped 9.1% since hitting a peak in 2008. But the average price climbed by 1.5% in the three months ending in June … [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...]

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 … [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 countries … [Read more...]