MADRID — Spanish home sales and new mortgage approvals fell sharply again in June, signaling continued pressure on Spain’s once-flourishing home-building industry that fed the country’s decadelong economic boom.
Home sales fell at an annual rate of 29.6% in June, while the number of new mortgages fell 37.7%, data released Thursday by Spain’s National Statistics Institute, [...]
Aug. 28 (Bloomberg) — U.K. house prices posted the biggest annual decline in almost two decades in August after tighter mortgage lending and the prospect of a recession discouraged home buyers, Nationwide Building Society said.
The average value of a home dropped 10.5 percent to 164,654 pounds ($301,500), the biggest drop since the final quarter [...]
Italy’s position as one of the world’s leading tourist destinations is stronger than ever as Italian holidaymakers opt to spend free time exploring their home country.
“Italians show a strong passion for their homeland, being the main visitors to the sunny southern regions and creating an increased demand for rental property in these areas,” says Cary [...]
Investment in Canadian commercial real estate declined sharply in the first half of 2008 and investment for the year as a whole is expected to be considerably lower than last year’s record level, says a mid-2008 report on the investment market by CB Richard Ellis Limited.
The report says that in the first six months of [...]
Palmetto Bay Resort at Maya Beach, a secluded tropical hideaway in Southern Belize situated on 16-miles of white sand beaches, today announced that real estate sales will begin on September 30th for the resort’s first phase. Buyers can now own unprecedented luxury beachfront Belize real estate and participate in two unique owner programs.
The first phase [...]
New figures was revealed and it showed that 1,200-1,500 per cent between 2000 and 2007, the booming of real estate industry in the United Arab Emirates (UAE).
Dubai’s Real Estate Regulatory Authority (RERA) and Dubai Land Department (DLD) are the ones who released the figures and according to the figures that west Asian metropolis and the [...]
Travelodge, the budget hotel company, have completed their first recycled hotel made out of shipping containers. The 86 containers used in the Uxbridge hotel were prepared in China with plasterboard walls, electrics and bathrooms already in place before being shipped to the UK, stacked and assembled like lego pieces. The containers are simply bolted together [...]
In recent weeks, it’s been hard to ignore the stories that have surfaced about rising rent prices and the soaring demand for rented properties in the Capital.
We’re hearing that the credit crunch is still maintaining its grip on the property market and sapping confidence among buyers and sellers, while the demand for rented property is [...]
LONDON — Alliance & Leicester PLC, a British bank, sold about 400 million ($747 million) of high-quality bonds backed by home loans this week, in a rare sign of life in the market for mortgage securities.
However, bankers say the U.K. lender’s Monday sale isn’t yet a sign of growing momentum in the mortgage-finance market, which [...]
The Scottish housing market has suffered a severe downturn with the number of loans taken out by homebuyers falling by more than a third in a year. The figures appear to contradict comments made recently by Alex Salmond, the First Minister, who described the market as “relatively stable”.
There were almost 10,000 fewer people who obtained [...]