Cuba the next big property investment destination? How badly will Panama Crash? How much commercial property will default this year? How far will prices fall on the Cote D’Azur? And more importantly – are we there yet?
In a falling property market, can you still break even or maybe make a profit? With property prices right across Europe and further a field lower than they were a couple of years ago, does this mean that anyone needing to sell has to do so at a loss, or could you still break even or maybe manage a small profit from a sale, if you sell in today’s market. Much depends on the currency you bought in and intend to sell in.
Recently, a post here at the International Property Investment web site about the small midwestern town of Elkhart, Indiana ruffled a few local feathers. Elkhart, Indiana is a place with many pleasant features and the lovely Saint Joseph river running through it, and apparently some people who grew up there have happy memories of the place and don’t really want to hear anything negative regarding it.
A recent report suggested that prices for property in Bulgaria had now dropped to the same level as it was back in 2007. There are no official statistics for this and the noticeable drop is simply based on listed selling prices between 2006 and 2007 and the fact that sale transactions have fallen drastically towards the end of 2008 and in the first few months of 2009.
Many are seeing this as a sign that the Bulgarian real estate market has completely collapsed and there is little hope of recovery any time soon. However, is this really the case?
I do not think it will come as a surprise to anyone that British home prices are continuing on their downward trend. According to the Department of Communities and Local Government (DCLG), house prices fell in December to February this year by 12.3 percent compared to last year, and the average house price is now around £189,000.
The current pain in Spain´s tourist industry continued in the Canary Islands last month. As tourist arrivals to this key holiday destination and former property investment hot spot continued to drop dramatically. According to new figures just released by the Spanish airport operators AENA.
Today’s economic headlines make $104 million sound like chump change, but if you are one of thousands of people living in South Florida who would like to buy a foreclosed property but can’t quite get over the down payment hump, federal assistance is available if you qualify and move fast.
More on $104 Million Available to Help Sell South Florida Foreclosures
Damac properties, the Dubai-based developer , has been caught up in yet another scam involving its real estate projects in Egypt after allegedly victimizing a number of investors in the Kingdom, Al-Madinah newspaper reported yesterday. Following on from news about Damac failing to pay fired employees due compensation, more than 170 Saudis and expatriates were recently discovered to have bought housing units in the company’s defaulting Hydepark project in the Egyptian capital Cairo.
There has been much in the press and online lately about London – Sofia based agent, Bulgarian Dreams, who closed their London offices, blaming the economic climate, and disappearing out of the UK owing thousands to many British and Irish investors. I became involved with Bulgarian Dreams back in 2004 when I opted to purchase an off plan apartment in Bansko, Bulgaria. I was one of the lucky ones, although certainly did not feel that way at the time, as I managed to pull out of the purchase and recoop the money spent on the apartment.
New Zealand company Bayley’s Real Estate is increasing its presence in key South-East Asian countries as interest in New Zealand property increases among Asian overseas property investors.
According to the New Zealand Herald Bayley’s are focusing on China, Hong Kong and Singapore investors and a promoting a mixture of more expensive New Zealand property including commercial, industrial, rural and coastal listings.
