Category: Overseas Property
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The German Property Plunge: the Biggest Housing Dip in Over Two Decades
For those eyeing property investments abroad, Germany has always been an enticing prospect with its strong economy and urban growth. However, recent data suggests a significant shift in the German property market. The Current Climate As revealed by the federal statistics office in Berlin, Germany has seen a notable downturn in its residential real estate…
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China’s Property Market Crisis: Causes and Consequences
The once-mighty engine of China’s economic growth, its property market, is now experiencing a severe crisis. This crisis, marked by financial troubles and bankruptcies of major developers like Country Garden, has been brewing for years, stemming from a property bubble inflated by cheap debt. As the demand from buyers dwindles, the Chinese government is taking…
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Britons facing 60% property tax increase in France
Britons with second homes in France may choke on their croissants when they are hit with their latest property tax bill in the coming weeks. The French government is ramping up property taxes for owners of holiday homes in popular tourist areas. If you’re a Brit with a second home in France, you may soon…
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Global House Prices Start to Recover
According to a recent Reuters poll of property analysts, the global downturn in property prices is showing signs of recovery. Average home prices in major markets are expected to decline less than previously anticipated at the beginning of the year and are predicted to rise steadily into 2024. This is due to various factors such…
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Why Are US House Prices Still Rising?
As most countries are seeing falling prices, The Economist looks at what is different in the US market. The dream of homeownership in America appears to be slipping away for many as high property prices, expensive mortgages, and limited options make housing increasingly unaffordable. Despite these challenges, the American housing market has defied expectations by…
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New Zealand – House Price Rebound?
New Zealand’s property market is expected to see a rebound in house prices next year, driven by ongoing supply shortages and the possibility of interest rate cuts, according to a recent Reuters poll of property market analysts. The housing market experienced a boom during the pandemic, resulting in a significant increase in prices. However, a…
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Dubai and Riyadh Property Boom
Imagine a luxurious villa with its walls coated in gold leaf, having a golden jacuzzi and a huge aquarium in the dining area. Fancy, right? This grand villa in Dubai was recently listed for $204 million. It’s like something straight out of a movie. And it’s just one among many properties that are catching the…
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US House Prices to Drop in 2024? Morgan Stanley Prediction
Investment bank Morgan Stanley has given their predictions for the short-term future of the US housing market. Summary In Simple Words: House prices have been on a rollercoaster ride, going up and down. Morgan Stanley thinks they will go down by 2% next year, but others, like Zillow, are more optimistic. Important things to watch…
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Will Australian house prices rise?
The Reserve Bank has paused its interest rate hikes as it worries about the economy and inflation. The housing market remains tight and expensive, making it difficult for new buyers and easier for existing mortgage holders. Australian Housing Market Overview 1. Interest Rate Situation: 2. Inflation Outlook: 3. Home Lending & Property Prices: 4. The…
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Best European Countries For Property Investment
A new article looks at the best European countries for British expats to buy property in post-Brexit, based on factors such as popularity, quality of life and health. It also explains the visa rules for Schengen countries and some non-Schengen countries that allow British citizens to stay for 90 days without a visa. Overview Buying…