Latest Auction Properties News Articles

09 February, 2012:

Homes in foreclosure decline by 130,000

Slowly, but surely, the foreclosure crisis seems to be abating.

Monaco blossoms as French tax changes hammer traditional Riviera deals

New French property tax laws are pushing wealthy buyers away from the traditional Riviera resorts and into Monaco say local agency and accountancy experts.

Cyprus property sales jump 97 per cent

Cyprus has long been the black sheep of the overseas property family. With its economy hit hard by the Eurozone crisis, prices and demand have been plummeting for months. But Cyprus surprised the world this week as domestic property sales in January jumped by 97 per cent compared to 2011, marking the second consecutive monthly increase for the market. So what does this mean for overseas investors?

Video - How the housing market could shape the 2012 election

A new Standard & Poor’s Case-Shiller Home Price Index showed U.S. home prices fell for a third straight month in two Florida cities, Miami and Tampa. Jeffrey Brown discusses the housing market’s role this election season with The Wall Street Journal’s Arian Campo-Flores and Jed Kolko of the real estate website Trulia.

Snow and exchange rate encourages property buyers in the French Alps

An improvement in the exchange rate between the UK and the Euro is encouraging buyers in France who are snapping up ski properties, it is claimed.

Beijing office rents ‘rise 75%’ to top New York

Office rents in Beijing are more expensive than New York after rising 75 percent last year as China’s rapid economic growth sparked strong demand, an international real estate company said.

Central London prices up 12% in a year, says Knight Frank

Estate agents operating outside the gold-paved streets of London might want to look away now – but Knight Frank is reporting that prices of prime central London property have risen 11.9% since this time a year ago and are now 42% higher than their post-Lehman low in March 2009.

Overseas investors 'looking for deals in up-and-coming Paris districts'

International property investors are increasingly targeting up-and-coming districts in Paris in order to find the best opportunities.

Wealthy pouncing on prime Spanish properties as Murcia and Alicante struggle says Lucas Fox

Prime properties in good locations should help the Spanish market begin to show some “positive signs,” international agency group Lucas Fox told OPP this week.

Tennessee home where Johnny Cash lived his final days for sale

One of the most famous homes in country music — or any musical genre, given the reach of Johnny Cash's career — was the home of Cash and his wife, June Carter Cash.

'Robo-Camera' Goes 'RoboCop' on Some London Residents

"Stop! This is a restricted area!' The statement is the sort of warning you might expect to hear from a robot guarding a top-secret facility in your average B-grade sci-fi flick.

Santander cracks down on interest-only mortgages

Interest-only mortgages are set to disappear as a major high street bank restricts access to home owners.

Asking price discounts hit all-time high

One in three of the properties currently for sale have had their asking price cut, according to Zoopla.co.uk.

Realistic approach to rents is vital in 2012, reveals Belvoir index

A realistic approach to rents is vital in the year ahead, says Belvoir MD Dorian Gonsalves. The monthly index report for 2011 produced by Belvoir Lettings, the specialist residential lettings agency, shows that contrary to many reports in the national press, many regions have not recovered to the levels of rent achieved in 2008.

UK construction industry continues to falter

The UK construction industry continued to stall during the final three months of 2011, as doubts were cast over the Government's ability to boost private funding to deliver on proposed infrastructure projects, according to the latest RICS Construction Market Survey.