News

New research has shown that the average age of a first time property buyer has risen to 31, six years older than in the 1970s.  The report, published in the Sydney Morning Herald, also found that Australians are using a greater proportion of their income to service mortgage debts than in many other countries. Average […]

  The attraction of Panama as a place to invest in property was brought into sharp focus recently with the announcement that the iconic Hard Rock company is to open a new hotel in the country.  The Hard Rock Hotel Panama Megapolis will open in December 2011 and will be Hard Rock’s first venture in

Auckland is helping the New Zealand property market remain broadly stable in 2011 despite falls in prices in other cities across the country.  The latest report from government valuer Quotable Value found that prices in the most populous city were rising, whilst values in other cities remained stable or were continuing to fall. Property in

Darragh MacAnthony Photograph: Tony Marshall/EMPICS Sport A well known football boss has been accused of ‘theft by swindle and misappropriation of funds’ by a leading overseas property lawyer after hundreds of clients allegedly lost money estimated at around £13 million. Darragh MacAnthony, the Dublin born owner of Peterborough Football Club, faces legal action in Spain

One of the key measures of the housing market in the USA pushed below its previous low in March 2011, confirming that the American housing market is experiencing a ‘double dip’ in house prices.  The index of house prices in America’s largest cities fell again in March, with the Los Angeles Times reporting that the

In an attempt to get billions of euros worth of properties off their books, Spanish banks have started to offer mortgages on ‘pre credit crunch’ terms.  The Financial Times reports that banks are offering loosened criteria for distressed properties in order to try and offload properties that they have repossessed during the country’s property crash.

Recent figures have shown that Scandinavia, Hong Kong, Australia and Malaysia saw the most significant decrease in distressed property for sale over the last quarter.  While countries such as the USA, South Africa, Spain and Ireland saw the largest increase in the number of distressed properties for sale, Malaysia was amongst the best performing countries.

French lenders are reducing their appetite for lending to overseas borrowers looking to buy property in France amid rumours that some have already reached their lending targets for 2011.  Lenders are increasingly becoming more risk averse and are changing their lending criteria to reduce the risks inherent in their mortgage lending. French banks ‘reluctant to

Canadians were the leading overseas buyers of property in the USA in the last year, buying almost a quarter of all properties sold to foreigners.  Figures from the US National Association of Realtors found that Brits were the third most likely nationality to buy property in America, with seven per cent of all US property

Taransay beach Luxury property does not come grander than this the opportunity to own your very own island off the coast of Scotland.The outstandingly beautiful island of Taransay, made famous as the setting for the television series Castaway, is shortly coming to the market through the Inverness office of leading Scottish property consultants CKD Galbraith.