Category: Overseas Property
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Buying Property Abroad? Beware of these Pitfalls
Buying property abroad can be an exciting venture, but it also comes with unique challenges and pitfalls. Being well-informed and prepared is key to making a successful investment. Writing in PropertyReporter today, Christopher Nye from Your Overseas Home has highlighted several common mistakes that prospective buyers often make, and offers valuable advice on how to…
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Could You Buy-to-Let in France?
In recent times, the property landscape in the UK has witnessed changes that might make aspiring landlords ponder alternatives. With interest rates soaring and regulations becoming stringent, there’s a growing interest in looking across the Channel to France. If you’ve ever wondered about the potential of French real estate, the Telegraph had an interesting article…
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Australian Property: House Price Rise Forecast
Major financial institutions, like NAB, have updated their property price predictions for Australia’s capital cities. Initially, a 4.7% increase was expected. Now, it’s forecasted to rise by a significant 8% this year. While the immediate future looks promising for homeowners, the future predictions suggest a more stable market. By 2024, the price growth is expected…
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USA 8% Mortgage Rate Spike
Recent data has ushered in a bit of a shockwave through the US housing market: the average interest rate on the conventional 30-year fixed-rate home loan has catapulted to 8%, a figure last witnessed in 2000. This significant uptick in mortgage rates influences the overall cost of borrowing money to buy a house or apartment,…
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Resilience and Growth: The Spanish Property Market
It’s crucial to keep an eye on global property trends if you’re considering an investment property. One such important market to consider is Spain, which has been showing some interesting trends. Spanish house prices have been steadily on the rise, a trend that contrasts with many other eurozone countries. An article by ING takes an…
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Australia’s Housing Market: A Tale of Rising, Falling, and Stabilising Prices
The dynamic world of property investment is full of predictions, speculation, and, at times, stark realities. Australia’s housing market, which has seen a dramatic 7% rise since 2023, is a prime example. While some sensationalised headlines foresaw a catastrophic 25% to 30% downfall, the evidence-based forecasters – with their meticulous analysis of variables – expected…
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Property Investment in Greece: Year-Round Prospects for Retirees, Landlords and Remote Workers
According to Greek real estate agent Dion Gavriilidis, from Elxis estate agency, Crete and Corfu currently attract the most attention from British buyers. Whether you’re looking for a location suitable for holiday letting, retirement or remote work, Greece has plenty of investment options to consider, as The Telegraph reports. Best Locations for Retirement For retirees…
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Profits from Dubai Luxury Home Boom Reach $1.6 Billion
Dubai witnessed a surge in home sales during the third quarter this year. According to a report from property consultancy Knight Frank, sales of homes with a value exceeding $10 million ballooned to around $1.6 billion. This figure indicates a significant increase from the $1.13 billion seen during the same period last year. This upward…
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Japan’s Property Market: The New Gold Rush for Investors
For many, Japan has always been a captivating destination renowned for its rich history, enticing cuisine, and breathtaking landscapes. Traditionally, tourists would come to immerse themselves in its culture, only to leave with memories. However, the FT reports that 2023 presents a different picture. Japan, it seems, has become a hotbed for international property investments.…
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US House Prices Still Rising, Sales Volume Falling
In August, there was a surprising decline in U.S. existing home sales. Contrary to what many analysts had anticipated, the number of homes sold decreased by 0.7%, adjusting to an annual rate of 4.04 million units. Interestingly, this decrease coincided with a hike in house prices. This intertwining of reduced sales and higher prices is…