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The Knight Frank Global House Price Index Q3 results have confirmed that the annual house price growth, except in Dubai has slowed from the June Q2 report of 4.8% to 3.8% in the third quarter.
With the US and Latvian market remaining at the bottom of the index, the UK is also spiraling towards the bottom. Average prices fell by 0.3% on a quarterly basis and more than half of all countries showed quarterly price falls, with one third now also showing annual price drops.
It is clear that every country in the world is more or less affected by the global credit crunch. An alarming concern is also the fact that prices fell in half of the lists countries during the third quarter of this year.
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Thursday, November 27th, 2008
Posted by Overseas Property Mall in
Press ReleasesThe independent trade portal, www.Globaledge.co.uk, has re-launched to reveal a brand new site providing networking and business opportunities for the international property industry. Features include business announcements, new development alerts, an interactive events calendar, plus other tools to help you to find partners and generate business globally.
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AirAsia X, part of Asia’s leading low-cost carrier AirAsia have announced their intention to provide low-cost, long-haul flights between Europe and the Asia-Pacific region. The intended launch is scheduled for March 2009 and will feature flight services between London Stansted and Kuala Lumpur.
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Emaar Properties’s signature Downtown Burj Dubai development has seen a fall of over 20 percent in property values. Some of the properties within the Burj Dubai tower have now reduced by up to 50 percent.
This goes in line with our report earlier this month on Dubai’s property prices falling. Many developers are now forced to sell their overflow cheaper than they’d hoped for in order to save them from certain bankruptcy. It also seems that high end developments are affected more so in Dubai than the middle and lower market.
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Wednesday, November 26th, 2008
Posted by Overseas Property Mall in
Press ReleasesIn times of crisis, Medhead.com offer earning potential for everyone.
Granada, 18th November 2008: Medhead.com A Granada based property portal today announced the launch of their Medhead affiliate program designed to offer employment opportunities to those affected by the current financial crisis.
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US Realtors are doing it hard right now to attract overseas buyers to their shores as their market dries up due to the global credit crunch. As of late it seems the Korean and Russian buyers with plenty of cash flow are the ones still in the property game whereas most others are sitting on their benches, waiting for better times.
Some real estate agents say that 10-30 percent of sales in the country are accounted for by overseas buyers.
Immobel, a Warsaw based company that specializes in online real estate listings translations into 13 languages saw their American market jump up by 30 percent.
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Last week we featured a post on the World’s Most Expensive Homes which saw us salivating over some pretty nice properties. But even in the world of glitz and riches not everything is as smooth as it seems. The truth is that most of the world’s most expensive homes are cheaper now than ever due to the global credit crunch and economies.
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Monday, November 24th, 2008
Posted by Overseas Property Mall in
Press ReleasesMIAMI, FL (November 20, 2008)—DYL Group, developer of hotels, resorts, luxury high-rises and retail and mixed-use projects, will be showcasing the company’s diverse portfolio at the OPPLive 08 exhibition in London on November 25th and 26th. DYL developments on display at this year’s show will include Infinity at Brickell, a contemporary and spacious 52-story condominium in Miami that blends the ritzy elegance of a Brickell-area residence with the latest concepts in urban living, and W Fort Lauderdale Hotel & Residences, the first W brand hotel condominium in Florida, presently under construction. Also part of the DYL portfolio is the recently completed luxury oceanfront condominium Europa-by-the-Sea in Lauderdale-by-the-Sea.
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