Europe

Lloyds TSB warns house prices may fall 10%

The Telegraph

Lloyds TSB warns house prices may fall 10%Lloyds TSB, the country's fourth largest mortgage lender, heaped new misery on homeowners yesterday after forecasting a 10pc fall in house prices over two years.

The forecast was made as the bank indicated it would not need to follow Royal Bank of Scotland and HBOS in raising new capital and stressed that it was "firmly on track to deliver a good performance in the first half despite the challenging conditions" after delivering "double-digit profit growth in the first quarter" excluding exceptional write-downs.

Lloyds TSB warns house prices may fall 10%  »

America and Caribbean

Top 5 Mexican real estate markets

NuWire Investor

Top 5 Mexican real estate marketsAs Americans struggle with the rising cost of living and a suffering housing market, investing in Mexican real estate is beginning to look muy bueno. Property prices in Mexico are significantly more affordable than in the U.S., and the forthcoming retirement of the baby boomer population is likely to create huge demand for property markets offering the pleasant climate, glittering beaches and rich cultural traditions for which Mexico is famous

Top 5 Mexican real estate markets  »

Asia and Pacific

Optimism despite dip in property yields

TV New Zealand

Optimism despite dip in property yieldsAn ANZ survey shows that property investors are becoming more circumspect, but they are continuing to expect strong returns from housing in the medium term.

The survey canvassed residential property investors across the country and found that one third of investors expect house prices to fall over the coming year, and another third expect house prices to be flat to 2.5% over the next year.

Collectively, 70% of property investors expect house prices to decline or rise by less than 2.5%, up noticeably on last year's total of 24%.

Optimism despite dip in property yields  »

Middle East and Africa

Versace 'couture condos' in Dubai

IHT

Versace 'couture condos' in DubaiVersace, the bling fashion brand, is putting its name to a luxury property venture that is heading towards London, aimed at the global super-rich.

It is a characteristically ostentatious affair: opulent homes, designed and furnished by Versace down to the last detail, from cushions to crockery.

Versace 'couture condos' in Dubai  »