Gingerbread Home Sweet Home Is A Bargain At £40,000

It could be the solution to many potential homebuyers’ dreams – a massive house of around 2,500 sq ft costing just £40,000. Now that really would be a ‘home-sweet-home’ but what’s the catch? It’s made of gingerbread! At this time of year, it’s a popular tradition in many countries to create gingerbread houses and stuff […]

Dubai Mortgage Cap Could Scupper Property Recovery

A move to cap mortgage loans could put the skids under Dubai’s hesitant property recovery. The issue was flagged up by a note from Bank of America Merrill Lynch to clients, stating that the United Arab Emirates (UAE) Central Bank was seeking to restrict the mortgage value to 50% of the purchase price. The move, […]

Dubai Dispels Property Doom And Gloom

Dubai’s booming demand for property has seen rents and house prices increase by 17% and 16% respectively in the past 12 months. Property experts are pointing at a growing population and a fast-growing economy as being the main reasons for the rise. The figures come from commercial property services firm CBRE Middle East which says […]

Singapore Speculators Sling Out Home Price Warnings

Singapore property prices are expected to keep on rising despite government moves to try and cool the market as investors move in. Property analysts had feared property prices would fall because the government had released large tracts of land for building new homes. They also had concerns that a tighter monetary policy from the US […]

French CGT On Second Homes Revised Again

Fresh laws covering capital gains tax (CGT) in France have been unveiled after a previous bid to tax property sales ran into trouble. The controversial moves from President Hollande were announced in a finance bill for 2013 but the country’s Constitutional Council stepped in to stop some of the ideas from being implemented. Among the […]

Germans Want Rich Expats To Pay Bail-Out Property Tax

Advisers to German Chancellor Angela Merkel say that richer households must pay more towards the cost of any future bail-outs for struggling countries in the Eurozone. One of the ideas being put forward is to impose a tax on properties in the country seeking a bail-out. There are more than 400,000 expats living or owning […]

SiPP providers pull out of overseas property deals

Increasing numbers of self invested personal pension (SiPP) providers are not allowing retirement savers to put money in to overseas property. One of the big issues is these offshore investments are not regulated by the Financial Services Authority (FSA), leaving the investor with no official way to claim redress if the investment fails to deliver […]

French Property Price Crash Feared

Fears are growing that dwindling property sales are prompting a fall in house prices across France. With property sales down by 20% across most of the country and the gloomy economic outlook, property sellers are cutting their asking prices. The FNAIM, France’s national association of estate agents, say that house prices have fallen by 1.3% […]

German Buy To Let Bonanza Hits Five Year High

German property investors are ploughing cash back into housing portfolios at a level unseen since the market plunged in 2007. Last year, sales of residential portfolios across the country hit £8.7 billion, a rise of 46% on the year before. The sharp rise was fuelled by large transactions involving more than 10,000 units, a move […]

90% of foreign buyers pay cash for Miami homes

Wealthy overseas property buyers are boosting sales in Miami by buying homes for cash, according to local realtors. Prices in the sunshine city rose again in September thanks to eager foreign buyers – for the 10th month in a row. Year on year, condo prices are up a sensational 36.2% to an average $150,000, while […]