House prices in the Swiss Alps have skyrocketed since the national cap on second-homes was introduced. New figures suggest prices have risen by up to 15 per cent in some resorts, due to a diminishing supply of properties that can be used as holiday homes. The cap, which was made into law back in Ma
Istanbul is fast becoming one of Europe's property investment hotspots. New figures released by local property consultants Universal 21 indicate that property prices in the Turkish capital jumped by more than 2.5 per cent in August. This helped the city record an average property price increase of
The Burj Khalifa district in Dubai has been listed amongst the popular locations for ultra-rich Indians to buy property. A report, published by Kotak Wealth Management and CRISIL Research, has suggested that high net-worth individuals are particularly attracted to cheap property taxes in Dubai and
Luxury properties in South Africa are attracting more foreign buyers as property prices are currently very attractive to overseas property investors. According to propertywire.com, property prices in South Africa are so low thanks to good exchange rates. Experts say they provide a good return for th
A new law allowing non-EU property investors to be granted residency in Spain has been tipped to reignite the country's property market. The Spanish government recently drafted a bill stating that investors who spend at least 500,000 euros on real estate will be granted residency. It is believed
Four areas of Singapore have been earmarked for major housing development projects. According to sbr.com.sg, more than 80,000 homes will be built on sites in Tengah, Bidadari and Tampines North over the next 25 years. Punggol has also been cited as another spot for development. National developme
The Australian housing market recovery looks to be in full swing, according to new figures. Data gathered by RP Data-Rismark has indicated that house prices are 5.3 per cent higher than they were last August. Perth (9.4 per cent) and Sydney (seven per cent) were cited as the main cities driving t
Prices of Chinese property continued to rise in June, with the majority of the country's major areas seeing growth, despite the government's efforts to cool the activity in the sector. Across the 70 largest cities in China an average year-on-year rise of 5.8 per cent was seen last month, 0.7 per cen
Joe Elvin