Real Estate Radar: Worldwide Property News

Real Estate Radar® features property news including house prices, trends, buying habits, developments, business, finance, economic results & more

The Most Unaffordable Real Estate Markets

In the latest Demographia International Housing Affordability Survey, Australia is the most over-priced nation and thus least affordable in the study, with five of the top six cities surveyed also being Australian. The survey, which covers 272 markets in Australia, Canada, Ireland, New Zealand, the United Kingdom and the United States, is now in its 6th year.

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Marquette Turner Forms Partnership with Foreign Exchange Service for Cheaper International Property Transactions

Marquette Turner Luxury Homes, having properties listed for sale on five continents, are excited to form a global strategic partnership with foreign exchange company Realty-FX. With global barriers becoming of less and less importance, increasingly properties are being purchased by foreign buyers With global barriers becoming of less and less importance, increasingly properties are being purchased by foreign buyers that require foreign exchange services. Marquette Turner Luxury Homes and Realty-FX recognise the importance of providing clients with corporate rates for foreign exchange payments and lower transaction fees.

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Real Estate News Making Headlines Around the World: 7-12 July 2010

Interesting and topical real estate stories making headlines in print and online media from around the world for the week 7-12 July 2010 including Australia, Brazil, Bahamas, Canada, China, Costa Rica, France, India, Indonesia, Ireland, Israel, Japan, Mexico, New Zealand, Philippines, Russia, Romania, Switzerland, Thailand, Turkey, UK, USA and Vietnam.

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Increase in Numbers of Foreign Investors in US Real Estate

A recent survey of the National Association of Realtors in the USA found that in the 12 months to March 2010, agents saw a marked increase in the interest of foreign buyers. Whilst still down from the lofty heights of 2007 when 32% of agents reported contact with foreigners, figures were up 5% to 28% in the 12 months surveyed. Furthermore, actual purchases in the period jumped 6% to 18% which represented $66 billion USD of property, or approximately 7% percent of the total market.

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Reserve Bank Keeps Australian Interest Rates on Hold – July 2010

The Reserve Bank of Australia has decided to keep interest rates on hold for another month. The official cash rate is currently 4.5% and with confidence decreasing throughout the economy, some people are questioning whether a rate reduction is needed. Some economists are predicting flat or negative price growth for the remainder of 2010.

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Real Estate News Making Headlines Around the World: 30 June – 6 July 2010

Interesting and topical real estate stories making headlines in print and online media from around the world for the week 30 June – 6 July 2010: including Australia, Argentina, Brazil, Canada, China, Costa Rica, France, India, Indonesia, Ireland, Japan, Lithuania, Mexico, New Zealand, Philippines, Russia, Romania, Thailand, Turkey, UK, USA and Vietnam.

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