Real Estate Radar: Worldwide Property News

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

Buying Real Estate in New Zealand is Becoming Easier

Our good friend in New Zealand, Terry Spice, writes: Changes to New Zealand business migration laws, due to take effect at the end of November, is good news for those seeking residency in New Zealand. More than 12,000 people have registered their interest under the new Entrepreneur Plus immigration category, which offers a fast track to residency for those who invest $500,000NZD in their NZ business and create three fulltime jobs.

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Luxury Homes Around the World

Check out the luxury real estate, homes, property, islands, resorts and developments for sale by Marquette Turner Luxury Homes throughout the world. Divided by region, there’s Australasia, The Americas, Middle East, Europe, and Asia.

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Canadian Real Estate Improving

Michael Marquette of Marquette Turner Luxury Homes writes: The Canadian property market has continued to recover well since the second quarter of 2009. According to the Canadian Real Estate Association the average price of a property sold through the Multiple Listing Service (MLS) rose by 11.3%. The recovery in prices has continued throughout 2009 due to lower housing prices, lower interest rates, Government incentives and built up demand.

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The Main Reasons that People Move House

Michael Marquette of Marquette Turner Luxury Homes writes: In a recent survey RP Data looked at the main factors which caused people to decide to move between properties. There were some fascinating results which give an excellent insight into what things both buyers and renters are looking for. The main reason for moving was tenants purchasing their own home, followed by people wanting a bigger or better home. These two factors contributed to almost one third of all moves and were followed by lifestyle reasons, family reasons and employment reasons. These three factors were attributed to 36% of all moves.

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Australian Real Estate News Snapshot

Michael Marquette of Marquette Turner Luxury Homes writes in November 2009. Average weekly earnings in Australia are now at $1248.80 AUD for an adult working full time. This represents an increase of 5.4% over the last 12 months and unemployment is remaining well below Treasury estimates at 5.8% – or 669,000 people. This is positive news for Australia although is best considered in conjunction with underemployment which is currently estimated between 10-15%.

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Restorations: English Church Becomes a Home

Simon Turner of Marquette Turner Luxury Homes writes: In the leafy, green village of Kyloe, Northumberland in England, a couple lovingly restored a church into their home. It may not be everyone’s cup-of-tea but it’s certainly homely.

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