For this considering investing in real estate in the US, the figures seem “interesting,” at the moment and another drop in pending home sales does not point to bottom being reached any time soon. According to Mike Larson, real estate and interest rate analyst at Weiss Research:
A recent announcement by the HUD secretary has just thrown another spanner in the mix as far as investing in US real estate goes. Already, far too much interference by the US Government Inc has skewed and in many cases destroyed the independent nature of the real estate market. Once one takes into consideration the fact that US banks own 22 million residential properties, and HUD foreclosures are mostly sat rotting, the introduction of $65 million seems like a drop in the bucket, and we suspect that most of this will vanish into a few select pockets in any case. Regardless, this is the announcement:
The purchase of a brand new home will often be the most important acquisition that a person will acquire in their lifetime. Given this fact, it is very important to take steps to make sure that you are going to be making a good choice. Here are some keys that many people feel are utmost when evaluating the purchase of a brand new house.
The Land Registry’s latest press release states:
April house prices up 0.2 per cent since March: average house price in England and Wales now £165,596
The April data from Land Registry’s flagship House Price Index shows an annual price increase of 8.5 per cent. This is the sixth month in a row in which the figure has been positive and takes the average property value in England and Wales to £165,596. The monthly change from March to April is a rise of 0.2 per cent.
As the world becomes a smaller place due to global communications and jet travel, many international property investors turn their attention to exotic locations to lay down their cash. The country of Morocco is one of those jewels in the rough that has recently come to the attention of the international community. In this post we will explore some of the reasons why this ancient country is a potential “gold mine” for property investors.
We all know our government thinks we are stupid – that almost goes without saying, but the recent quietly released and not-talked-about figures from the Land Registry bear closer inspection than the government press release farms (newspapers) have given. Quite honestly – how any one makes an informed decision based on the misinformation and garbage being spouted is beyond me.
An interesting release from General Growth Properties suggests the shake up in the property investment sector may be getting even shakier – it that was possible. It is really becoming difficult to sift through the dross and mis-information being touted, but this is a substantial move and may well see a shift in the Chicago investment properties market. But – we have given up guessing the future until things settle down. Any time now……
Interesting story out of Louisiana regarding a Chinese drywall manufacturer. The repercussions for property investors in the US are interesting to say the least. Maybe, just maybe a ruling in favor of the little guy will make a difference. Press release: The Louisiana court issues second major win for homeowners in less than a month; 25,000 homes nationwide contain defective Chinese wallboard that can emit toxic sulfur fumes, corroding plumbing, wiring; verdict covers full repair of home built after Hurricane Katrina; faulty drywall called “poltergeist” by trial attorney.
More on Federal Judge Awards New Orleans Family $164,000 in Damages
British tourist arrivals leapt by just over 14% last month on the popular holiday island of Lanzarote. News that will make welcome reading for the many overseas owners of apartments and villas in Lanzarote. As the UK is the islands largest and most important market place – accounting for around 50% of all foreign visitor arrivals.
The number of foreign tourists visiting the holiday island of Lanzarote rose by just over 3% during February. According to figures just released by ISTAC, the Canarian Institute of Statistics. The third month in a row when visitor numbers have risen – although they are still some way short of recovering to pre-crisis 2008 levels.
Lanzarote´s tourist industry continued to show tentative signs of revovery last month as the popular holiday island welcomed a total of 122,864 foreign visitors – an increase of 3.01% versus February 2009 figures. With occupancy levels in Lanzarote hotels and apartment complexes also rising by just over 5%. However these figures still fall some way short of the visitor levels recorded during 2008, prior to the impact of the economic crisis. When a total of 147,698 foreign visitors enjoyed a holiday on the island.
