Luxury Real Estate Blog and News

Thailand luxury home sales benefit from weaker Baht

February 21, 2014 - Phuket
Thailand’s current political crisis has been surprisingly beneficial to foreign sales of luxury properties as the baht gradually depreciates, according to real estate analysts.

Hong Kong sales plunge as buyers adopt wait-and-see attitude

December 06, 2010 - Hong Kong
Property sales in Hong Kong dropped to their lowest levels in nearly a year in the last week of November due to cooling measures, the South China Morning Post has reported.

China Limits Foreign Ownership of Property

November 16, 2010 - China
China announced new limits on the ability of foreigners to buy residential or commercial property on the mainland, in its latest effort to curb the inflows of speculative money into its economy and ease inflationary pressure.

Huge rise in million pound home sales

October 28, 2010 - United Kingdom
Research by Halifax shows there were 2,992 sales of properties worth at least £1m in Britain in the first six months of this year - 118% higher than in the same period last year.

Spanish property prices fall further

October 27, 2010 - Spain
Residential property prices in Spain have fallen between 3.7% and 5% over the 12 months to the end of September with the popular coastal regions taking the worst hit.

China market heating up again despite cooling measures

September 14, 2010 - China
China’s recently implemented property market cooling measures did not have much effect in the month of August.

China has largest property investment market in the world

March 11, 2010 - China
China overtook the US as the world’s biggest property investment market last year and will probably keep the lead in 2010 on economic growth and a lower reliance on debt, it is claimed in a new report. Real estate investment in China more than doubled to $156.2 billion last year, while the total for the US slumped 64% to $38.3 billion, the report from New York based broker Cushman & Wakefield says. Excluding residential investments, the US came third after China and the UK. The report also shows that eight of the world’s 20 largest property markets last year were located in the Asia Pacific region, with Hong Kong, Taiwan and New Zealand registering gains in investment.

Thai govt ends property tax breaks as economy recovers

March 10, 2010 - Thailand
Thailand will not renew property tax breaks when they expire at the end of March as the economy is recovering and developers are returning to normal profits levels. The incentives, including a reduction in the property transfer fee, a cut in the mortgage registration fee and a lower special business tax, helped boost property sales which increased by 7% in 2009, officials said. But now developers are warning that they will have to pass on the additional costs to buyers and prices will rise from April as a result.