Fewer 'foreign first' London sales
Fewer London property projects will be sold overseas ahead of sales in the U.K. after a number of top U.K. developers signed a pledge to ensure local buyers will have the opportunity to invest at an early stage in new projects.The move came into effect on January 1 and is spearheaded by...
Continue Reading • 17 Jan 2014
Prime London price growth slows
Prices of the best homes in prime central London ended the year 7.5 percent higher year-on-year, having recorded a 0.8 percent rise in December, according to research from Knight Frank.The monthly rise was the highest since March and ended a ten-month slowing in the rate of annual growth, which...
Continue Reading • 15 Jan 2014
London best city for foreign investors
For the first time since 2009 London has been named as the best city for foreign property investors in a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE).Intention to invest in property in the U.K. capital came out on top ahead of New York, San Francisco,...
Continue Reading • 11 Jan 2014
Dubai leads the world in price growth
Dubai, with a 28.5 percent rise in house prices in the 12-month period ending September 2013, lead the world according to the Knight Frank Global House Price Index.The report, which ranks house prices in 53 countries around the world, placed China (Beijing and Shanghai (a 21.6 percent rise) in...
Continue Reading • 16 Dec 2013
Region's tallest tower set for Johor
HRH The Sultan of Johor has launched The Astaka@1 Bukit Senyum, which is poised to become the region's tallest residential tower.Situated at the junction of Jalan Tebrau and Jalan Lingkaran Dalam, The Astaka@1 Bukit Senyum comprises two condominium towers of 65- and 70-storeys.These will be are...
Continue Reading • 12 Dec 2013
Chinese grabbing Portugal property-for-residency visas
Official figures show that 78 percent of property-for-residency visas in Portugal have gone to Chinese nationals, but current interest may be even higher according to one top agent.A total of 318 visas have been issued under the Golden Residence Permit since it began in October 2012, and...
Continue Reading • 20 Nov 2013
Asians buying two-thirds of London new-build homes
Some 66 percent of new-build homes in London are being sold to buyers from Southeast Asia - including from Thailand, according to information from the U.K.’s largest real estate investment trust.Land Securities Group revealed the figures at a press conference in Singapore yesterday,...
Continue Reading • 19 Nov 2013
Foreign buying boost for Myanmar
Overseas property buyers in Myanmar are now able to own apartments on the 6th floor or higher, according to an official draft of the Condominium Law which was published in the country last week. The law also stipulates that foreign buyers can purchase up to 40 percent of apartments above...
Continue Reading • 18 Nov 2013
Istanbul prices continue to rise
Property prices in Istanbul, Turkey's largest city, have risen substantially in the last three years, and are showing no signs of cooling.Istanbul-based property consultants Universal21.com noted how the pace of property price growth in the city has quickened in recent months as both local and...
Continue Reading • 5 Nov 2013
Mongolia law boost for foreign buyers
Mongolia’s appeal to foreign investors has improved noticeably with last Friday’s introduction of a new investment law.From November 1, a new law has overturned previous legislation, making the financial environment within the country much more attractive to overseas investors.In...
Continue Reading • 4 Nov 2013
Tax targets overseas UK buyers
United Kingdom Finance Minister George Osborne could be set to introduce a capital gains tax on foreign owners of British property.Media reports revealed Osborne could be set to impose the tax to curb speculation by foreign owners of property in the U.K. Currently overseas owners are not...
Continue Reading • 4 Nov 2013
UK student returns remain stable
Yields from United Kingdom student accommodation investments will remain stable during 2014 and rise , and returns will continue to outperform other sectors according to a new research report.Southeast Asia has seen a substantial increase in the number of student investment opportunities being...
Continue Reading • 31 Oct 2013
Malaysian tax will dampen demand
The recent announcement of a doubling of the Real Property Gains Tax (RPGT) in Malaysia - from 15 percent to 30 per cent for properties sold within the first three years - will certainly put a damper on Singaporean property investors who look to Malaysia to make quick cash gains.Speaking to the...
Continue Reading • 31 Oct 2013
Budget hits foreign investors
The new budget announced on Friday afternoon by Malaysian Prime Minister Najib Razak (pictured) will have a significant impact on its property market, foreign investors and government coffers, writes Khalil Adis. The measures are multi-pronged which is meant to gain back ground that Barisan...
Continue Reading • 26 Oct 2013
Bondi Junction penthouse goes under the hammer
Luxury apartments in Sydney’s Bondi Junction are selling fast and generating a huge level of interest from Asian buyers, thanks to its proximity to shopping, restaurants and the beaches.One luxury apartment at Waverley Street will go under the hammer on October 31 and is expected to fetch...
Continue Reading • 22 Oct 2013
Vientiane offers "opportunities and challenges"
The property market in Vientiane, the capital of Laos, has begun to moderate at a sustainable pace according to the latest research from Colliers International.In its Vientiane (Laos) Property Market Report the agency noted that the Gross Domestic Product of the country increased by around 7.5 to...
Continue Reading • 21 Oct 2013
Asians buying more in Australia
One in every six new property sales in Australia is happening to a buyer from Asia, and that number is increasing.Speaking to Property Observer at the recent ReMax Asia Pacific Summit in Hong Kong, Michael Davoren, Managing Director of ReMax Australia and New Zealand, said a significant amount of...
Continue Reading • 21 Oct 2013
Manchester's Angel comes out top
Manchester's One Angel Square has been named as the Project of the Year at the Royal Institute of Chartered Surveyors (RICS) Awards Grand Final in London.In the best ever year for entries, more than 600 building projects entered the awards which celebrate the built and natural environment. Awards...
Continue Reading • 21 Oct 2013
Asian buyers look beyond London
Asia-based property buyers and investors are already looking far beyond London for their United Kingdom property purchases and investments.Singapore has seen a growing number of non-prime Central London investments being offered at overseas property exhibitions in the city-state this year, and...
Continue Reading • 7 Oct 2013
Yangon price setting may not dampen demand
The move by officials in Yangon to set official property prices could be seen as the government wanting to benefit from the current high prices by raising valuations, rather than moving to lower prices.Industry watchers are divided on the impact of the new rules which will see official prices per...
Continue Reading • 5 Oct 2013