Malta’s business-friendly tax structure and sunny Mediterranean climate have attracted international property buyers for many years. Demand for homes often outpaces the limited supply on the island, which is only 121 square miles.
“There is a lot of foreign interest,” Mr. Paris said. “There has been a big surge in prices.”
Prices have been rising steadily by more than 10 percent annually for the past two years, agents say. Demand is particularly strong for traditional homes and newer homes in the countryside.
“Today it is a very mature market,” said Ian Casolani, the managing director of Belair Property, a Malta real estate agency. “Properties are becoming harder and harder to come by.”
In recent years there has been a wave of new construction, particularly in apartments along the coast. The new apartment developments are attracting more international investors, many looking to offer the property as a rental.
“The rental market has exploded,” Mr. Casolani said.
A crowdfunding campaign to buy a New Zealand beach has had its bid accepted after reaching its funding target.
Nearly 40,000 people donated almost NZ$2.3m (£1m, $1.5m) to buy the Awaroa beach in the Abel Tasman National Park, on the north coast of South Island, which went on sale last year.
Campaigners said the government and another major donor also contributed.
The prime residential property market in Italy has turned a corner with viewings and sales increasing in 2015, new research shows.
The weak euro and a growing realisation that prices are at, or close to, their floor has boosted buyer confidence, according to a new analysis from international real estate firm Knight Frank.
Across key second home destinations price performance has converged with annual growth ranging from 2.1% in Venice) to a fall of 3% in Sardinia in 2015.
The report says that market confidence is strengthening and residential sales increased by 7% in 2015 and the outlook is helped by the fact that Italy’s consumer confidence index is up 39% since its low in 2012.
Five years after earthquakes devastate the New Zealand city of Christchurch it has been announced that housing is now on track for a full recovery.
Housing has been one of the most complex and challenging problems in the aftermath of the disasters that struck in 2010, according to housing officials and ministers but they added that the Government’s wide ranging support as ensured the city’s housing market is nearing recovery five years.
‘The Government has taken a step by step approach and officials project that by June 2017, the Christchurch housing market will be fully recovered with supply and demand back in balance,’ said Building and Housing Minister Nick Smith.
Asian cities command half of the world's top ten most expensive office space, according to a new survey by property firm JLL.
Hong Kong topped the rankings followed by London and Beijing.
JLL said it costs $262 per square foot per year for top-quality office space in the Chinese territory because of strong tenant demand and short supply.
Shanghai, Tokyo and Delhi also made the list, with the city state of Singapore missing the top ten by just one spot.
"A large part of the global growth is now driven out of Asia and international businesses will continue to be keen to set up their presence in the region," Chris Archibold, head of markets at JLL Singapore said.
China will reduce or stop issuing land for new residential housing projects in areas where there is a supply glut, the latest in a series of measures aimed at clearing a property overhang weighing on the economy.
China's land ministry will not release vacant land to commercial property developers in cities and other areas where there are large levels of unsold inventory, state television reported on Sunday, citing a ministry meeting.
Sales of family homes in Miami, one of the most popular US markets with overseas and domestic buyers, set an all-time annual record in 2015.
And sales for all existing properties posted the third most transactions in history, according to the latest data from the Miami Association of Realtors.
‘Miami’s strong local jobs market, population increase, historically low mortgage interest rates and South Florida’s continued growth as a world class global region all played key roles in the strong sales. We see many of these factors carrying over to 2016,’ said Mark Sadek, the association’s board chairman.
There is strong evidence of intensifying supply constraints in the residential land market in Australia, especially in the country’s state capital cities.
The number of residential lot sales fell by 2.7% in the third quarter of 2015 while median lot prices rose by 4.2%, according to the report from the Housing Industry Association and real estate analytics company CoreLogic RP Data.
The index report explains that the tightening of market conditions was concentrated in the capital cities, where prices increased by 5.4% but the number of lots transacted actually fell by 4.5%.
Rental values in Spain are continuing to fall with the latest figures showing that average rents fell by 0.4% in January compared to the same month of 2015, the 34th month in a row of declines.
The data from the National Statistics Institute (INE) shows that rents fell in all regions except in Galicia where they increased by 0.3%, the Balearic Islands and Catalonia both up 0.1%, ad were static in Murcia and Navarra.
The most significant fall in rental prices were in La Rioja where they were down by 2% while in Castilla y Leónand Castilla-La Mancha rents fell by 0.9%, were down 0.8% in Madrid and Extremadura and down 0.7% in Asturias and Valencia.
Average apartment rents in Dubai increased by 3% in January compared to the previous month but amounts varied across property types, the latest data shows.
Average rents reached an annual rate of AED138,000 overall with the market seeing some adjustments, according to the latest report from property portal Bayut.
The firm also reports an improvement in yields for apartment property investors, reaching an average of just over 6% but these do vary according to property type, location and quality with some reaching up to 10%.
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