Sales boom in London, Miami, NY
Sales of luxury homes in three international property hotspots surged during 2013 while median prices remained relatively constant, according to a new report published by Christie’s International Real Estate and Strutt & Parker.In London, Miami and New York, the three cities in the...
Continue Reading • 10 Feb 2014
Encouraging interest at Samui show
EXCLUSIVE: Interest in the first Thailand property development to be exhibited in Singapore following the escalation of the ongoing political tension in the kingdom was described as “encouraging” by the real estate agency marketing the project.Doris Tan, Head of International...
Continue Reading • 10 Feb 2014
Sochi sees the Olympic Effect
Sochi, the host city of the 22nd Winter Olympic Games, is already seeing benefits to its property sector as the world's spotlight falls on the south west Russian resort city.Perched on the Black Sea coast, Sochi is one of the few areas of Russia to enjoy a subtropical climate, meaning it has long...
Continue Reading • 10 Feb 2014
Weak baht attracts Thai buyers
The current political situation has failed to affect sales of property at Fragrant Group, according to its Chief Executive Officer James Duan.Duan (pictured) said his company is currently selling between 8 and 10 units per week, and its main customer base is foreign buyers who are attracted to...
Continue Reading • 7 Feb 2014
Claims of bubble bursts in Australia
A popular U.S. financial doomsayer has claimed that bubbles exist in the property markets in both Sydney and Melbourne, and they will soon burst as a result of economic meltdown in China.During a promotional tour in Australia for his new book titled The Demographic Cliff, Harry Dent Jr. said that...
Continue Reading • 7 Feb 2014
Swiss resort open to foreign property buyers
Discerning Asian buyers now have the opportunity to own a holiday home in The Chedi Andermatt - one of the world's most exclusive enclaves in Switzerland.Located in the heart of the Swiss Alps, The Chedi Andermatt is the centrepiece of the new Andermatt Swiss Alps development, which is a...
Continue Reading • 6 Feb 2014
Candy & Candy aims for global dominance
Luxury developer Nick Candy (pictured) plans to licence the brand name Candy & Candy as part of efforts to expand globally, media reports said.Famously known for the "uber prime" One Hyde Park in Knightsbridge, Candy revealed that he was taking his cue from Donald Trump "who...
Continue Reading • 5 Feb 2014
S'pore developers ramp up overseas ventures
Singapore’s cooling measures have caused property firms to ramp up their overseas diversification efforts, with Australia, the UK and the US emerging as favoured destinations, revealed media reports.Chia Siew Chuin, Director for Research and Advisory at Colliers International, said:...
Continue Reading • 3 Feb 2014
Ban UK overseas buyers: report
A report published today suggests that the U.K. should ban overseas property purchases by non-European Union residents.In its Finding Shelter report, the influential right wing organisation Civitas, the Institute for the Study of Civil Society, urges the U.K. government to introduce a scheme,...
Continue Reading • 3 Feb 2014
Nominations open for Philippines Awards
With less than two weeks until the official launch of the Philippines Property Awards 2014, nominations are streaming in for the second annual event/ The gala dinner and presentation ceremony will take place in July.President of TAJARA Leisure & Hospitality Group Cyndy Tan Jarabata, will...
Continue Reading • 1 Feb 2014
Home is a Scottish castle for more
More international property buyers are looking for country houses and castles in Scotland, according to Jamie Macnab, Head of the Country House team at Savills’ Edinburgh office.Macnab said he has more than 500 people currently looking for baronial properties in Scotland, and that its...
Continue Reading • 1 Feb 2014
Malaysia in top 8 places to invest
Malaysia has been named in the list of top 8 places to invest in 2014 by the influential Live and Invest Overseas newsletter.The portal’s audience is primarily U.S. nationals looking to invest in overseas property not only to boost assets, but also for life, retirement and legacy...
Continue Reading • 29 Jan 2014
Myanmar agents look for tax cut
Real estate agents in Mandalay, Myanmar’s second city, are set to petition authorities to cut the current 37 percent property transaction tax. The tax, imposed in August 2012, replaced a top rate of 15 percent and was widely criticised as detrimental to the property market.Following a...
Continue Reading • 29 Jan 2014
Perth sees growth in popularity
Western Australia’s strong residential fundamentals and growing popularity is increasing demand quality residential development sites, according to Knight Frank.The company has sold 12 major development sites in the last few months, including four in South Perth and in Cockburn Central for...
Continue Reading • 28 Jan 2014
British buyers bouncing back
More than half of British homeowners think the value of their current home will increase within the next 12 months, an increase of 17% from last year’s survey results.Location, understandably, is the most important factor when buying a property. A total of 36 percent of people buying a...
Continue Reading • 28 Jan 2014
Lacklustre London lacking 'wow' factor
Just one year ago London property was recording triple-digit sales and now, 12 months later, it’s largely a different story with some recent London property exhibitions held this month struggling to sell even a handful of units between them.As one agent told PropertyGuru, “What...
Continue Reading • 28 Jan 2014
Penang property prices booming
Property prices in Penang have significantly increased, especially in the capital Georgetown, based on the lack of prime land on the island as well as the skyrocketing land prices.Notably, prices have increased by more than 500 percent on the island while Seberang Prai saw prices soar by 700...
Continue Reading • 28 Jan 2014
Abu Dhabi residential market recovers from a slump: JLL
The residential property market in Abu Dhabi rebounded strongly in 2013 following a slump and 'government intervention, according to a Jones Lang LaSalle (JLL) report.According to JLL that prime residential sales prices soared 25 percent in 2013, posting a six percent increase in Q4 alone.Prime...
Continue Reading • 27 Jan 2014
Hong Kong private home completions down in 2013
Hong Kong posted its second-lowest private home completions in 2013 with only 8,300 units, an 18 percent decline from the 10,100 units completed in the previous year. This is also lower than the previous estimate by the government at 13,551 units.According to media reports, the decline may be...
Continue Reading • 27 Jan 2014
RM1 million delay spooks foreign buyers
Delays in implementing the new RM1 million minimum price for foreign property buyers in Malaysia may act as a turn off foreign buyers, according to Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia president Lim Lian Hong.Lim...
Continue Reading • 26 Jan 2014