Spain Mulls Holiday Rental Permits Author: Property Wire
Spain’s residents are already faced with strict rules when it comes to renting their properties for holiday use in regions like Catalonia and the Canary Islands, and now a new plan looms that will undoubtedly add to the confusion. The Spanish government may start asking homeowners who make their properties available for holiday rental to obtain a permit before doing so, which could result in millions of euros for the cash-strapped country. Rumors of government agents checking rental adverts and electricity bills to catch violators have many worried, but experts say there is no need for alarm. For more on this continue reading the following article from Property Wire.
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Barbados Boasts Property Market Stability Author: Global Property Guide
Tourism is down, unemployment is up and the economy isn’t making any great strides, but local Barbados realtors are confident things are right on track with home prices and sales one the Caribbean island. The numbers show that prices have slipped, but only by a few percentage points as buyer remain attracted to Barbados. Solid infrastructure, low crime, beautiful weather and a vibrant island culture are just a few things keep buyers coming back. Although stop-over tourism has slumped the island’s rental market still continues to thrive and interest in luxury properties has hardly wavered. For more on this continue reading the following article from Global Property Guide.
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Breezy Natal Brings Travelers, Expats Author: John Clites
Natal, Brazil, is located on the north side of the country’s eastern hump that protrudes out into the Atlantic, and its legendary breezes are carrying more expats to its shores. NASA reports that Natal has the cleanest air in the western hemisphere thanks to cooling winds that blow in from Africa, and the crisp atmosphere attracts as many surfers as it does retirees seeking fresh air. The town of 800,000 has beaches enough for all, beautiful year-round weather, a modern infrastructure and property prices that are hard to beat for any traveler who decides that it’s just too nice to leave. For more on this continue reading the following article from International Living.
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European CRE Direct Investment Grows Author: Property Wire
Jones Lang LaSalle reports that direct investment in commercial real estate (CRE) is growing in Europe. Increasing transaction volume and a robust U.S. stock market is contributing to the acquisition of larger parcels and portfolios and experts expect the trend to continue throughout the year as domestic and international buyers scramble to score deals in tight markets. Moscow, London and Paris are now all listed in the Top 10 among global cities in terms CRE transaction volume, with the three cities capturing more than 25% of total global CRE investment. For more on this continue reading the following article from Property Wire.
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UK Mortgage Fraud Risk Increasing Author: Property Wire
Landlords and property investors in the United Kingdom (UK) are being tempted into mortgage fraud on a more regular basis, according to research conducted by property investment specialists at Invest Connect. The scam involves property agents who lure in buyers by promising purchases with no money down. Experts advise buyers who are tempted by these opportunities to get the offer in writing so that it may be presented to the Council of Mortgage Lenders or the Law Society. Anyone caught willfully engaging in mortgage fraud in the UK may be fined and sentenced to up to 10 years in prison. For more on this continue reading the following article from Property Wire.
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Asian Luxury Property Prices Increase Author: Property Wire
Average capital values for luxury properties are rising in Asia’s seven major markets, according to the latest report from Jones Lang LaSalle. Jakarta, Indonesia, was the standout performer for the first quarter of 2013 as the Hong Kong and Singapore markets watched as values dropped. Analysts say strict government policy aimed at curbing runaway price growth is to blame for price falls in the two leading markets, while places like Kuala Lumpur and Beijing showed notable quarter-on-quarter gains. Experts expect further growth in these luxury markets as Southeast Asia’s economies continue to grow. For more on this continue reading the following article from Property Wire.
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Austrian Real Estate Market Robust Author: Global Property Guide
Austrian housing prices are on the rise in the capital of Vienna and beyond, but reports show that things may finally be slowing for one of most resilient and robust housing markets in the European Union. House prices increased more than 10% in Vienna in 2012, even when adjusted for inflation, and the national average outside the capital rose above 8% according to reports from Oesterreichische Nationalbank. Even so, it’s not all good news as rental yields remain weak in the country and economic forecasts indicate only marginal growth in the GDP. For more on this continue reading the following article from Global Property Guide.
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Belgian Housing Market, Economy Worsen Author: Global Property Guide
Reports from Statistics Belgium and Eurostat indicate a worsening housing market in the country as house prices fall and the market slows. Housing values dropped 1.24% in the fourth quarter of 2012 after being adjusted for inflation, and experts say it’s due to tighter banking rules and a contracting GDP. The Belgian economy bounced back in 2010 despite lingering regional struggles with the global financial crisis, but it wasn’t enough to generate momentum. Residential construction stats are down and rental yields are falling as the country works to turn things around. For more on this continue reading the following article from Global Property Guide.
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UK Study Measures Homebuyer Turnoffs Author: Property Wire
A new survey from Primelocation has revealed the major turnoffs for homebuyers across the United Kingdom (UK). It appears that loud or antisocial neighbors are the number-one factor that discourages a purchaser from going through with a transaction, although those living in London proper appeared somewhat less bothered by the prospect of a noisy neighbor. As for what convinces buyers to part with their money, security outranked amenities like swimming pools and tennis courts. The survey also focused on community spirit, which was found to be waning in many places, perhaps due to the younger generations’ habit of moving around more. For more on this continue reading the following article from Property Wire.
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Devil in the Details - Your Investment Property Author: Todd Millar
The process of selecting an investment property should be systematic. Ideally you have a checklist that you measure a property against and with enough checks it gets into your portfolio.
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