22. December 2011 12:51
Buyers looking for cheap real estate in Europe are still picking, according to the latest sales figures.
The Ministry of Public Transactions revealed that sales of Spanish property have jumped by 24.7 per cent in the third quarter of 2011 compared to the same period in 2010. This year-on-year rise is only matched by the repeated annual reductions in prices that have plagued the country’s market for the past year. [More]
21. December 2011 16:42
David Beckham and Victoria Beckham have returned to the UK with a splash.
Celebrating the festive season, they returned to their house (known as Beckingham Palace) in Hertfordshire to spend a total of £35,000 on Christmas decorations. Mansions in Europe don’t spend that much on Christmas, do they? [More]
20. December 2011 12:28
Don’t look at European hotels for sale – just go straight to London. That’s the advice you can see commercial property investors being given, in light of a new study from STR Global and Whitebridge Hospitality. The research found that London hotels are outperforming the rest of the UK property market for profitability – and have been for the past 11 years. [More]
19. December 2011 17:22
The contents of Blair Castle are going up for auction next year – and people are getting rather excited about it.
The castle, located in Edinburgh, was sold in November to a member of the Tory party (an energy minister, no less) for somewhere around £2.5 million. The castle dates back 900 years and was purchased by the Westminster-based politician Charles Hendry and his wife Sallie – but the couple aren’t interested in the castle’s contents. [More]
15. December 2011 13:35
When you think of the Alicante province and the loud and lively Benidorm, you think of British expats and noisy, English-speaking pubs. But Benissa is away from all that.
Located just along the coast from Benidorm to the East, Benissa is a beautiful medieval town – the kind of old place that has history, quiet and some interesting buildings. [More]
14. December 2011 12:43
For buyers interested in fractional ownership, Italy is returning to favour. That’s if you believe Linda Travella, who has been selling property in the country for the best part of three decades. As the new Prime Minister Mario Monti struggles to reduce the country’s deficit (the second biggest in Europe) through pension cuts and a new property tax, overseas buyers are showing renewed interest in Italian real estate. [More]
13. December 2011 13:34
Barack Obama’s summer destination of choice has been taken away from him.
The gigantic estate of Blue Heron farm in Massachusetts has been bought by Norman Foster. Foster, the British architect who designed London’s new Wembley Stadium and the Gherkin, purchased the 29-acre real estate for $22 million last week. [More]
12. December 2011 13:17
Good news if you're trying to sell that land for sale in Larnaca, Cyprus: those property tax changes the industry has been waiting for officially come into effect this month. [More]
9. December 2011 11:59
Apartment prices have dropped in recent months, but the Baltics are still going strong, according to the latest figures. The Ober-Haus Baltic Apartment Price Index found that the prices of flats in the region fell on average, but that they are still higher than in 2010.
The Batlics have been growing consistently over recent months, but in Vilnius, October saw prices drop by 0,2 per cent, marking a decline in the rate of growth – a rate of 1.9 percent compared to 2.4 percent in the previous month. However, this decline only occurred “in the old apartment sector”, according to Property Wire. [More]
8. December 2011 12:27
“Won’t somebody please think of the children?” is a cry often heard. But anyone who buys French property does, according to the latest research from HSBC.
The bank’s Expat Explorer survey for 2011 found that France is one the best places to raise a child for expats moving abroad. [More]