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Archive for January, 2010

Spain Seeing Some Bright News but Long Windy Road Ahead

by Overseas Property Mall on Thursday, January 28th, 2010 in Spanish Property

Homes-in-Andalucia-Spain

Hopes have emerged that the battered Spanish property market could be hitting something that feels like a floor. Pardon the vague language, but with 1 million homes still on the market to say the future is torrid for Spanish property is an understatement despite the latest positive data.

The most positive aspect of the latest data to be released shows that home sales transactions rose 5.3% between October and November last year, leaving them down just 2.6% year on year, compared to 21% in October and 17% in September.

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South African Property Prices Continue to Grow

by Overseas Property Mall on Wednesday, January 27th, 2010 in South African Property

Panoromic view of Cape Town, Southern Africa

According to Absa Group, South African house prices rising at their fastest pace in 20 months in December left prices at the end of the year just 0.2% lower than at the start of the year.

That is not too impressive on its own; UK house prices rose 6.2% in 2009 according to Nationwide, and South Africa is meant to be one of the bright spots of this housing crash. It is; because in 2008, when UK and American house prices fell between 10 and 20%, South African house prices rose 4.1%. That means that South African house prices have risen 3.9% during the worst two years global property has ever seen.

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Rightmove Says Asking Prices Grew Year-on-Year in Jan, are Sellers Really Back in Charge?

by Overseas Property Mall on Friday, January 22nd, 2010 in UK Property

rightmove-house-price-index The UK’s largest property portal Rightmove has found that asking prices of UK properties for sale on the portal were raised in January, because, it says, demand outstripped the supply of homes for sale. According to the portal’s monthly index, people selling property in England and Wales on the portal, raised their asking prices by an average of 0.4% during January.

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Poland Proving to be Dark Horse of European Property Investment

by Overseas Property Mall on Tuesday, January 19th, 2010 in European Property, Poland Property

warsaw-city-poland-skyline

It has become apparent that Poland is a bit of a dark horse in terms of investment potential. At the opening of 2009 I remember reading reports that said Romania, Czech Republic, Bulgaria and Poland were looking likely to avoid recession in 2009. Since then all but one of those have fallen into terrible recessions, the odd one out is Poland.

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2010′s First – International Property News Beat

by Overseas Property Mall on Monday, January 18th, 2010 in Property Industry News, Property News Summaries

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Profiling the Recovery Part II: United Kingdom

by liambailey on Saturday, January 2nd, 2010 in International Real Estate Trends, Predictions, UK Property

Knowing — or maybe believing is a better word — that property markets and economies around the world are on the way back up sure is a nice feeling. It may be a short-lived feeling, because according to some there are signs that the short-lived positivity will end as quickly as it begun.

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