Real Estate News
Europe
Iceland interest rates cut to 11%
BBC
Iceland's central bank has cut interest rates to 11% from 12%, as hopes build that the country is starting to stabilise after the financial crisis.
Interest rates have now fallen significantly since March, when they stood at a record high of 18%.
Iceland interest rates cut to 11% »
- United Kingdom - UK likely to be last out of slump - The Guardian (Oct 26)
- United Kingdom - Record recession for UK economy - BBC (Oct 23)
- United Kingdom - London house prices surge past 2007 record high - The Guardian (Oct 19)
- United Kingdom - Recent Residential Market Trends Q3 (PDF) - CB Richard Ellis (Oct 13)
- United Kingdom - For sale: Britain's biggest buy-to-let empire - The Guardian (Oct 13)
- United Kingdom - House prices show biggest increase since 2007 - The Guardian (Oct 13)
- United Kingdom - First-time buyers prop up mortgage lending - Times Online (Oct 13)
- United Kingdom - UK mortgage lending revival continues - Financial Times (Oct 12)
- Finland - Housing sales start to recover - HELSINGIN SANOMAT (Oct 09)
- United Kingdom - House prices slip back - The Guardian (Sep 28)
- United Kingdom - House price fall slows to lowest level in a year - Times Online (Sep 28)
- Spain - Spain tips into depression - Daily Telegraph (Sep 24)
- United Kingdom - Mortgage data add to evidence of recovery - Financial Times (Sep 23)
- United Kingdom - 'No end soon' to economy stimulus - BBC (Sep 22)
America and Caribbean
US housing recovery is continuing
BBC
A key US housing index has risen to its highest level in almost three years, helped by first time buyers taking advantage of a popular tax break.
The National Association of Realtors said its Pending Home Sales Index rose 6.1% in September to 110.1, its eighth straight monthly rise.
US housing recovery is continuing »
- United States - Obama welcomes US economic growth - BBC (Nov 02)
- United States - US home sales unexpectedly higher - BBC (Oct 23)
- Venezuela - Venezuela to pay off $4.6bn debts - BBC (Sep 22)
- United States - Housing: "Facing a triple whammy" at end of year* - Euro Intelligence (Sep 21)
- United States - Forty Percent of California's First-time home buyers significantly influenced by tax credit - Real Estate Channel (Sep 21)
- United States - Time to buy a home? - Palacio (Sep 11)
- United States - Monopoly, and Other Real Estate Fantasies - New York Times (Sep 10)
- United States - New York Observer starts a paper on real estate - New York Times (Aug 23)
- United States - Can vanished real estate wealth come back? - Wall Street Journal (Aug 20)
- United States - U.S. builders upbeat, manufacturing shows some life - New York Times (Aug 17)
- United States - Housing Starts: Up is better than down - Business Week (Jun 16)
- United States - Few signs of economic recovery, says Fed Beige Book - Channel News Asia (Jun 11)
- United States - Building will have train running through middle - Latin American Post (Jun 10)
- United States - Why home prices may keep falling - IHT (Jun 06)
Asia and Pacific
Australia lifts interest rate
Straits Times
SYDNEY - AUSTRALIA'S central bank raised its key interest rate on Tuesday by a quarter percentage point for the second month in a row, declaring the global downturn over and warning that inflation was set to rise.
The decision was widely expected by analysts and underlines Australia's quick recovery compared with other developed countries. Most have yet to respond to signs the global economic crisis has eased by raising borrowing costs.
Australia lifts interest rate »
- China - China's economic growth to exceed 10% in Q4: CCB - China Daily (Nov 03)
- New Zealand - Massive OZ house price increases puts heat on interest rates - Property Wire (Nov 02)
- Australia - Property past bottom of cycle: GPT - The Australian (Oct 20)
- Australia - House prices lift as buyers return: 2pc rise in August - The Australian (Oct 01)
- Australia - IMF says Australia on way to recovery - The Australian (Oct 01)
- India - Indian developers hit out at new real estate regulation proposals - Propertywire (Sep 28)
- Vietnam - Historic villas in Vietnam to be saved after state agrees not to sell them - Property Wire (Sep 23)
- Thailand - Bangkok residential development - The Nation (Sep 22)
- Thailand - ADB cuts projection for Thailand - Bangkok Post (Sep 22)
- Japan - Foreigners like what they see in Tokyo’s real estate market - The Japan Times (Sep 20)
- Japan - House-hunting with a personal touch - The Japan Times (Sep 20)
- Australia - Buy or wait: that is the tough question - The Australian (Sep 17)
- Australia - Agent John McGrath makes $14.4m from REA share sale - The Australian (Sep 17)
- China - Recovery picks up in China as U.S. economy still ails - New York Times (Sep 17)
Middle East and Africa
World’s best performing real estate market raises interest rates over inflation worries
Property Wire
Israel, which has been the best-performing residential property market this year, may lose its standing after becoming one of the first countries to raise interest rates since the global recession began.
Although located in one of the world’s most volatile regions, Israel has defied the worldwide real estate slump because of a dearth of land available for development and tax breaks for investors.
Prices rose 12.5% in the second quarter from a year earlier, double the increase for Switzerland, the second best performer among countries tracked by London-based property consultants Knight Frank.
World’s best performing real estate market raises interest rates over inflation worries »
- Oman - Oman govt issues clarification over visas for foreign property owners - Property Wire (Nov 05)
- Iran - Taking the capital out of a city - BBC (Nov 03)
- United Arab Emirates - Bargains lure buyers back to Dubai property - The National (Nov 02)
- Qatar - One in 10 Qatar homes seen empty in 2010 - Arabian Business (Oct 18)
- United Arab Emirates - 25% of Dubai homes lying empty - Colliers - Arabian Business (Oct 14)
- United Arab Emirates - Dubai apartment rents fall sharpest in Q3 in UAE - Arabian Business (Oct 13)
- Iraq - Iraq hailed as new emerging market for property investors - Property Wire (Oct 08)
- United Arab Emirates - Property sector finally taking a longer view - The National (Sep 30)
- Israel - Carter: Israel must stop building settlements in the Palestinian terroritories to make peace - Fox13now (Sep 21)
- Kuwait - Kuwait house prices set to rise by year end - Arabian Business (Sep 20)
- United Arab Emirates - Dubai house prices seen falling another 33% - Arabian Business (Sep 17)
- Kuwait - Kuwait real estate prices up 15% - AME Info (Aug 24)
- United Arab Emirates - Dubai house prices down 49% since peak - Arabian Business (Aug 16)
- United Arab Emirates - Funds Prowl Dubai Properties - Wall Street Journal (Aug 12)
- Recovery on track for the world's housing markets
- House price falls during year to end Q1 2009, the worst ever
- Most expensive real estate markets in 2009
- The world's 2008 housing markets in review and some forecasts for 2009
- World property market slide worsens
- Commentary: No 'too big to fail' please
- The end of the global house price boom
- Gloomy days ahead for Asia's housing markets
- The pros and cons of rent control
- Buying a piece of the Caribbean
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