Overseas Property News
Turkey is No Longer the Hottest Overseas Property Market
Are you looking to sell your property in Turkey fast? Turkey had been the star of the overseas property market for over a decade, witnessing double digit growth every year. However, the last couple of years hasn’t really been good for the property market in Turkey.
There was a referendum on April 16 which endorsed a new constitution and declared Recep Tayyip Erdogan as the President of Turkey until 2029 – no elections will be held until that point. The country slides into authoritarian dictatorship under Recep Tayyip Erdogan,...
Overseas Buyers Returning to France Thanks to President Macron
Do you have a property for sale in France? It does look like the property market in France has been doing very well in recent months, thanks to the positivity brought to the economy by Emmanuel Macron’s election as the President of France.
The French economy has been boosted by the fact that there aren’t likely to be any upheavals in the country, such as those promised by Macron’s opponent, Marine Le Pen, who said that she would call for a French exit of the European Union. Clearly, the majority of the people of France have...
Crisis in Catalonia and the Spanish Property Market
If you are planning to sell your property in Spain fast, you must have been concerned at what’s going on in Catalonia and its effect on the Spanish housing market.
Recently, the regional government of Catalonia called for a referendum on whether to seek independence from Spain or not. Less than 40% of the people of Catalonia participated in the referendum, which was declared as illegitimate by the Spanish government.
But the regional government Catalonia carried on regardless and said that the people of the province had voted for independence...
Bulgaria, the Rising Star of the Overseas Property Market
Do you have a property for sale in Bulgaria? You would no doubt be pleased to know that Bulgaria is today one of the rising stars of the overseas property market.
Bulgaria is a nation on the move and it has been making major strides recently. While Bulgaria has a population of only 7 million, it has emerged as a major tourist destination, receiving over 8.2 million foreign tourists in 2016. The figures for 2017 are expected to be even better.
The Bulgarian economy has grown at a rapid clip, registering a GDP growth rate of 3.5%, which is...
Tense Political Situation in Kenya Affects the Housing Market
There is a tense political situation in Kenya as the Supreme Court of the country declared the recent general election null and void and called for a new re-election. This has had serious consequences for the Kenyan economy and has dealt a body blow to the property market. What does this mean for you if you have a property for sale in Kenya? Let’s analyse.
There is a real fear that the recent political upheaval in Kenya will transcend into violence and even into a civil war. Africa as a continent has been ravaged by civil wars and...
Spanish Property Market is Booming despite Brexit
Are you planning to sell your property in Spain fast? This is certainly a good time to be involved in the Spanish property market as the economy has been growing fast. Exports are on the up, unemployment is at a low and the country has raced back to normalcy after years of an economic slowdown.
Certainly, this is good news not just for Spain, but for the whole of Europe. There is a huge demand for properties for sale in Spain, especially as the tourism in the country hits record levels. In 2016, there were an estimated 75 million tourists...
Perfect Time for First-Time Buyers to Invest in a House in India
If you’re looking to sell your house in India online, this is just the right time to do it as the interest from buyers has only been picking up. There is a huge demand for affordable housing in India, which has really been kicked off by the recent budget and reforms such as Goods and Services Tax (GST).
A number of measures were introduced by the government to encourage more buying and selling in the real estate sector. One such measure was to incentivize developers to build more budget friendly houses.
Affordable housing is the...
Italy Property Market: The Story So Far in 2017
Do you have a property for sale in Italy? There is no question that Italian economy has suffered greatly because of the uncertain political situation in the country, but the property market hasn’t suffered all that much as a consequence. There are still many who want to buy property in Italy online.
There were 500,000 property transactions in 2016, which is much higher than in 2013, when there were 400,000 transactions. Of course, this is nowhere close to the high of 845,000 property transactions reached in 2008. That was a time when...
Australia’s New Debt Problem and the Real Estate Market
Should you sell your property in Australia fast, keeping in mind the fears of a property bubble, which so many experts have hinted at? While fears of a housing bubble have receded to an extent, there are renewed worries over a possible housing debt crisis in the country.
RBA, Australia’s central bank has spoken out extensively about the massive household debt in Australia, even while keeping the real estate rates unchanged.
RBA said in its report that there was a “need to balance the risks associated with high household debt...
A Serious Shortage of Housing Stock in the USA
Are you planning to sell your property in the USA online? There’s a good chance that it won’t stay on the market for anything more than 2 weeks. There is a serious shortage of housing stock in the United States and properties are selling like hot cakes.
The real issue here is that not many homeowners want to sell. The number of homes available for purchase is at a two-decade low. Baby Boomers, people in their 50s and 60s and early 70s, have been notoriously averse to putting up their properties for sale, whether to trade up...
A Quick Look at the Toronto Housing Market
Are you planning to sell your apartment in Toronto, Canada fast? Toronto has been marked by runaway increases in property prices in recent years. But it does seem that the housing bubble in the city is on the verge of bursting.
There has been a sharp reversal of home prices in Toronto, which has thrown the housing market here into a chaotic situation. There are now a number of investors who want to buy a house in Toronto, Canada online at the new prices, not at the old ones.
The issue is that paying over the top for a property for...
Property Boom in Frankfurt Thanks to Brexit
There’s a huge demand for any property for sale in Frankfurt, Germany, which is fast emerging as an alternative to the City of London in the post-Brexit world. A number of companies have already moved some of their employees from London to Frankfurt, or are considering doing so.
So this is not a bad time to sell your apartment in Frankfurt, Germany. There is every chance that you will get good money for it. Bank of America, JP Morgan Chase, GE, HSBC and IBM are some of the companies that have announced that they would be setting up major...
Costa del Sol is Once Again the Hottest Overseas Property Destination in Europe
Do you have a property for sale in Costa del Sol, Spain? Costa del Sol is right now the hottest overseas property destination not just in Spain, but across Europe. There’s a huge demand for properties here, and no longer just from the traditional buyers – Britons – but from a wide variety of foreign buyers.
Germans are big buyers of properties in the Costa del Sol these days. The German interest seems to have taken off at a time when the number of Britons who want to buy property in Costa del Sol, Spain has declined substantially...
A Guide to the Property Market in Florence Italy
Are you planning to sell your property in Florence Italy online? Florence is one of the most beautiful cities in the world with a great history behind it.
It is a city with great monuments and structures from the medieval and Renaissance era, which are still very well preserved such as Cimabue’s “Crocifisso”. Florence attracts a large number of foreign tourists and has a massive student population. It is a hub of artists and art connoisseurs.
Florence also has a flourishing residential property market. There are...
Auckland Property Market Cools Down in 2017
Do you have a house for sale in Auckland, New Zealand? After a decade of breathtaking double digit growth, Auckland property market has peaked and has been cooling down in the last 6 months. Should you panic and try to sell your property in Auckland, New Zealand fast?
There is no reason to panic as yet, says Real Estate Institute chief executive Bindi Norwell. She says that while sales volumes in Auckland are down by over 33% in 2017, there is no reason to get overly anxious about it as yet.
Ms. Norwell said, “We know...