In recent years, the Philippines has made its mark as one of the hottest property markets in Asia. Economic growth remains strong, property prices are rising and interest from overseas investors is increasing. At the same time the real estate market is maturing as buyers become more aware of quality, brand reputation and investment returns.
Dubai's addiction to construction is remarkable.
From my 31st floor bedroom window, I will soon be able to see the world's largest observation wheel.
My beachside flat did not even exist 10 years ago. It shot up as part of a property bubble in Dubai, which spectacularly burst in 2008 but has gradually re-formed.
Wildly ambitious construction projects put the desert state on the map...
There is no multiple listing service or central database in Costa Rica, making it difficult to find accurate information on sales and pricing. When the international second home market stalled in 2008, sales in the Manuel Antonio area slowed to a trickle and prices dropped 20 to 30 percent, according to agents.
But activity has been picking up in the past year. “We’re definitely having an uptick in sales,” said Shawn Ferguson, co-owner of the Coldwell Banker office in Manuel Antonio and Quepos, a real estate agency.
The market is very dependent on the United States economy, which generates the largest group of buyers. “We’re probably six to eight months behind the U.S.,” Mr. Ferguson said. “As the U.S. heads up, so do we.”
Foreign investment in Australian farmland and related businesses is coming under closer scrutiny.
About 11% of Australia’s agricultural land is foreign-owned, with the highest proportion (24%) in the Northern Territory. On 1 March the Australian government brought in new rules which mean that foreign investors buying farms and land in the country have to seek its prior approval.
UK interest rates are kept unchanged again by the Bank of England, meaning they have now been at their record low of 0.5% for six years.
Some 200,000 homes will be made available to first-time buyers in England by 2020 if the Tories win the election, David Cameron has promised.
The coalition government has already announced plans for 100,000 cut-price homes for people aged under 40.
The Deregulation Bill, under which the government is introducing what is effectively a ban on so-called revenge evictions, will be debated in full by the Lords on Wednesday of this week before returning to the Commons for its final reading.
Jane Foley, Senior Currency Strategist at Rabobank, explains that the strong housing market led RBA to keep rates on hold in today’s meeting, and views that any moderation in activity in the same could push the Australian central bank to cut rates again this year.
Activity in the UK's construction industry accelerated in February, a survey has indicated.
The Markit/CIPS purchasing managers' index (PMI) rose by a point to 60.1, its highest level since October. A score above 50 indicates growth.
Andrew Ross of Barclays says that whereas a year ago the concern for Rightmove shareholders was that OTM “could alter Rightmove's longer term pricing power, or erode the very high margins,” the reverse has turned out to be the case.