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Archive for February, 2010

Letting Some Steam out of the Canadian Housing Market

by Overseas Property Mall on Friday, February 26th, 2010 in Canadian Property, North American Property

sunset-in-toronto-canada Canada has lost track of its geographic location, or you would certainly think so if you look at the Canadian housing market. In a year when house prices around the world fell, Canadian house prices rose some 20% in 2009. Yes, Canada was not the only country to see a rapid rise in prices, Australia, New Zealand and several countries in Asia did also, but Canada is certainly the only country on the Americas Land Mass that saw such rapid growth in house prices in 2009. Now the Central Bank and authorities are being forced to take measures to cool the housing market down.

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5 of the Most Controversial Golf Resort Developments

by Overseas Property Mall on Tuesday, February 23rd, 2010 in Golf Properties

golf-course-swing

Golf developments in sunny locations are a big-hit with the buyers, and have sold well even during the recent downturn. They generate millions in revenue for the locations in which they are built. Unfortunately developers are trying to capitalise on this fact to build golf courses on conservation areas and even on people’s homes. Obviously this is a cause of controversy. Between that and the development escapades of fallen star Tiger Woods, here are some interesting stories in the world of international golf resort development — here are just a few of them:

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International Property News Beat – Harvard Real Estate, Trump in Scotland & Emmar’s Profits

by Overseas Property Mall on Friday, February 19th, 2010 in Property News Summaries

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UK Court Rules Against British Couple in North Cyprus Property Ownership Row

by Overseas Property Mall on Monday, February 8th, 2010 in Cyprus Property

Nicosia, Northern Cyprus

A UK court has dealt a damming blow to the North (Turkish) Cyprus property market. For years people have bought property in North Cyprus at prices far below the prices south of the division, unfortunately, the reason why prices were so low is now threatening to leave them without a home and with thousands to pay in compensation and back-rent.

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Global Warming Puts Ski Resorts in Jeopardy

by Overseas Property Mall on Friday, February 5th, 2010 in International Real Estate Trends, Ski Property

Squaw Valley Ski Resort Lake Tahoe As anyone who has looked at buying a ski-property in the last few years will know, the global warming phenomena is causing a few problems for the class: meteorologists and other experts on the subject are warning that snowlines will be pushed up around the world.

In the short term global warming is expected to shorten ski-seasons at some of the lower resorts, and over the long term it could shorten the season at the higher altitude resorts and render the lower resorts out of business.

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Profiling the Recovery Part III: Spain

by liambailey on Thursday, February 4th, 2010 in International Real Estate Trends, Predictions, Spanish 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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China Real Estate Bubble a Worry for the World

by Overseas Property Mall on Wednesday, February 3rd, 2010 in China Property

beijing-central-business-district-CBD

The Chinese housing market is seeing phenomenal growth in prices. Despite the global slowdown, property prices in Beijing and Shanghai have quadrupled in recent years, threatening to push house prices beyond the reach of Chinese families.

Because of this, and the fact that most people expect the phenomenal growth to continue, thousands of Chinese families are stretching themselves very thin to buy a house now, for fear that prices will spiral out of their reach in the coming months and years.

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UK Commercial Property Battered in 2009 Seeing Slight Rebound

by Overseas Property Mall on Monday, February 1st, 2010 in Commercial Property, UK Property

canary-wharf-london_(skyline)

Investment Property Databank has revealed that the value of UK commercial property fell by 5.6% in 2009. This was the third consecutive annual decline; following a fall of 26% in 2008 and 7.7% in 2007 the London based research body said.

This means that commercial property in the UK has taken a far bigger bashing at the hands of the international downturn than the residential sector has.

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