Category: Overseas Property
-
Dream Home in France – A Guide to Avoiding Common Pitfalls
Moving to France is a dream for many, thanks to its easy access, beautiful landscapes, and surprisingly affordable properties. However, the journey to owning a piece of this paradise can be fraught with obstacles, especially when navigating a nation known for its intricate bureaucracy. Whether you’re buying or relocating, The Telegraph had a guide to…
-
Spanish House Prices Defy European Downturn
Spanish house prices have charted their own course through the economic turbulence that has seen much of the eurozone grappling with declining property values. In 2023, while many European countries faced a downturn due to soaring interest rates, Spain reported an average house price growth of 4.2%, showing the resilience and unique dynamics of its…
-
Canary Islands’ Housing Crisis – Tourists Drive Prices to Record Highs
The Canary Islands, a popular destination for British tourists, are facing a housing affordability crisis as a surge in holiday home purchases by foreigners sends property prices soaring to unprecedented levels. This trend is putting the dream of homeownership out of reach for many locals, with the islands experiencing the steepest rise in housing costs…
-
Global House Prices On The Rise Again
The global housing market is showing signs of a significant bounce-back, according to data from the Financial Times. After a period that saw the most substantial property downturn in a decade, data and analyses now suggest we’re at a pivotal turning point. A Global Rebound The latest analysis, drawing on data from the Organisation for…
-
US Housing Market Braces for Price Drops in Major Cities
Zillow has forecast that house prices are set to tumble in several of America’s largest cities. By the end of November 2024, they predict a decline in 34 out of the 50 biggest US cities. This shift in the housing market is a significant one, considering the usually robust nature of these urban hotspots. What’s…
-
Skyrocketing House Prices in Turkey Lead the Global Market
Turkey has emerged as the leader in global house price growth, with its major cities Ankara and Istanbul experiencing unprecedented increases. This surge in real estate values comes amidst a backdrop of soaring inflation and economic challenges, drawing both domestic and international investors. The Turkish capital, Ankara, has seen a staggering 102.7% growth in house…
-
The 2024 Australian Housing Market, Insights for Potential Investors
The Australian housing market in 2023 was marked by unprecedented dynamics, often described as “record-breaking.” As we approach 2024, it’s crucial for investors and potential homeowners to understand the expected changes and trends in the property landscape. Yahoo Finance published a guide based on Domain’s research and expert opinions, particularly from Dr. Nicola Powell, Domain’s…
-
UK vs Europe, Property Prices Compared
The United Kingdom stands as one of the priciest countries in Europe for purchasing two-bedroom flats, ranking ninth among 40 European nations. This positioning highlights the UK’s real estate market’s uniqueness and its challenges for potential investors and homebuyers. UK Property Prices: A Closer Look In the UK, the average cost of a two-bedroom flat…
-
US House Prices Could Rebound in 2024
The US housing market, like its UK counterpart, has experienced a significant downturn, attributed mainly to rising interest rates. However, there’s a glimmer of hope on the horizon, with expectations of a recovery in the latter half of 2024. A Market in Malaise The US housing market has been in a state of decline, much…
-
Global Luxury Property Prices Rise
Recent data from Knight Frank reveals that the average annual price growth in prime global city markets has seen a slight uptick, registering at 2.1% in Q3 2023. This figure marks a significant rebound from the 0.2% low experienced in the first quarter of the year. This increase suggests that the global housing markets, including…