International Realty

Agents remain hopeful over Australia real estate market

Oct 2nd, 2008 | By RT Staff | Category: International Realty

THE weekend after the AFL Grand Final is typically a bumper one for the real estate market – and agents say they expect no less, despite a week plagued by share price turmoil and interest rate uncertainty.
Real Estate Institute of Victoria chief executive Enzo Raimondo said there was no indication the financial volatility has scared [...]



UK real estate trade shrinks further in Q3

Oct 1st, 2008 | By RT Staff | Category: International Realty

UK commercial property worth five billion pounds ($8.92 billion) changed hands in the three months to end-September as the market continued to shrink due to a lack of debt funding and falling prices, data showed on Wednesday.
Property services firm Jones Lang LaSalle said British direct real-estate investment in the third quarter was down about 17 [...]



London’s Rental Market Feels Impact of Lehman Collapse

Sep 19th, 2008 | By RT Staff | Category: International Realty

The London rental market is already beginning to feel the impact of the Lehman Brothers collapse as tenants give notice to leave rental properties.
Cluttons, a network of estate agents covering property sales and lettings across London, has already had a number of tenants based in the Belgravia and Wapping areas give notice on their rental [...]



Canada’s ‘boom in the housing markets is definitely over’

Sep 16th, 2008 | By RT Staff | Category: International Realty

Canadian existing home housing prices are decelerating quickly with the steepest decline in more than a decade recorded in August, as analysts say homeowners in some cities should prepare for further depreciation.
The average price of a residential property sold through the Multiple Listing Service was $316,052 last month, a year over year drop of 5.1 [...]



Survey points to gloom in the housing market

Sep 12th, 2008 | By RT Staff | Category: International Realty

Half of the houses on sale in Harrow have been on the market for more than three months, according to a new survey.
In January only 20 per cent of properties in the borough were on the market for more than three months, but this has near-tripled to 56 per cent last month.
Estate agents have experienced [...]



Canada’s housing market continues to cool

Sep 11th, 2008 | By RT Staff | Category: International Realty

The rise in new home prices continues to ease as Canada’s housing market cools, particularly in the west.
Statistics Canada said Thursday prices for new homes rose 2.7 per cent in July, a slowdown from the 3.5 per cent pace a month earlier.
On a monthly basis, prices rose 0.1 per cent.
“The growth rate of the index [...]



Calgarians give up rent for home ownership

Sep 11th, 2008 | By RT Staff | Category: International Realty

A rental market survey shows that 38 per cent of rental units in Calgary turned over last year and the top reason for people leaving their units was for home ownership.
The survey, conducted by Canada Mortgage and Housing Corp. for the Calgary Apartment Association, said the next two top reasons were job relocation and financial [...]



Brown Aims to Bolster Housing and Voters

Sep 8th, 2008 | By Gregory Arzumanov | Category: International Realty

WOLVERHAMPTON, England — British Prime Minister Gordon Brown unveiled the first in a series of measures to prop up the collapsing housing market — and his anemic approval ratings.

The U.K. Treasury said it was suspending the stamp-tax duty on housing transactions for homes valued as much as 175,000 ($315,315). The suspension will be for a [...]



Bulgaria Real Estate Market Shows Trends of Becoming Buyers’ Market

Sep 3rd, 2008 | By RT Staff | Category: International Realty

The current supply of real estate properties in Bulgaria is much higher than the demand while there is a serious segmentation of the real estate market regarding the different types of properties, according to Lachezar Iskrenov, Chair of the National Real Estate Association, who spoke before Darik radio Wednesday.
Iskrenov believes that because of the high [...]



Housing Plan Fails to Excite

Sep 3rd, 2008 | By Gregory Arzumanov | Category: International Realty

“For sale” signs clutter the streets in London these days, an ever-present reminder of the deteriorating housing market and economy. But homes in the capital remain so expensive that the government’s housing stimulus plan, unveiled Tuesday, falls short, economists and real-estate agents said.
The plan to excuse people from paying a tax on buying residential property [...]