Biggest risk to NZ, Australian house prices? Interest rates
Posted by Micheal Thomas on Jul 13, 2016 |
What could cause big changes to New Zealand and Australian’s housing markets? Kiwis were told last week to expect house price drops and now Australians have been delivered exactly the same warning. The common factor? Interest rates, pushing up the cost of borrowing and stretching those with big loans to breaking point....
Australia’s Worst Places To Own Property
Posted by rpg on May 16, 2016 |
Forget whether they are great places to live, some property markets have not been kind to the people who own property there – not only crashing in value, but lacking signs of strong buyer interest. The following are markets where vendors are struggling to get a good result: Noosa Heads, Qld You wouldn’t have much to complain...
Spanish transactions rising, thanks to foreign buyers
Posted by rpg on May 11, 2016 |
Spain’s housing market continues to recover, amidst continuous improvement in economic conditions. House prices are still falling. But the good news is, property demand has already picked up, thanks to foreign homebuyers. Spanish house prices dropped 3.56% during the year to end-June 2015 (-3.56% inflation-adjusted), up from...
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US to curb inflow of illicit money into luxury real estate
February 19, 2016
The US government will start tracking secret buyers of high-end properties to prevent the flow of illicit money into luxury real estate in America. The government will require title insurance companies to record the identities of buyers and submit the information to the Treasury, to create a database which can be shared with law enforcement agencies, who will then investigate suspicious deals and bring to book those involved in money laundering. The focus will be on sales paid for in cash and conducted using shell companies.
