10/18 Global Real Estate & Investment News from Propertyshowrooms.com

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Global Real Estate & Investment News from Propertyshowrooms.com Australian prices 'to go on rising' October 15, 2009 at 8:00 pm The recent interest rate rise in Australia will not stop a rise in house prices, it has been argued. In an article on the issue, the Australian newspaper noted that a recent survey of consumer sentiment saw 74 per cent of people expecting values to increase, up from 53 per cent in May. The publication suggested that the RP Data-Rismark capital city home price index figure for August of a 1.9 per cent jump is unlikely to be sustained, but argued that there are underlying factors that will be decisive in raising the cost of housing over the long term. Growth in gross domestic product, a rapid population increase and a lack of new homes being built will all contribute to this, it argued. Australia's cash rate was increased from three per cent to 3.25 per cent earlier this month. However, this is still low compared to recent history, with the figure being as high as 7.25 per cent before September 2008. Tourist areas 'best for French property' October 15, 2009 at 8:00 pm Those keen to buy property in France should concentrate on tourist areas for the best returns, it has been stated. Head of research at investment firm Property Frontiers Christopher Chadd advised: "In France I would look at all the areas where tourism levels remain high, anywhere on the south coast perhaps in the region of Languedoc." He said the country offers government-backed guarantees where 25-year leases exist with seven per cent returns, something he suggested was the best investment to look for. Mr Chadd also recommended prime real estate in Paris as something that will always have high value. At present, France has a "stronger" property prospect than neighbouring Spain, which is still in recession, he concluded. The comments come after a uSwitch.com report on quality of life issues placed France as the best place to live out of ten European nations, with Spain second and Britain in last place. South Africa 'set for major investment' October 15, 2009 at 8:00 pm South Africa is set for major infrastructure investment from its government, it has been reported. The Daily Telegraph noted that a USD90 billion (GBP55 million) state programme will include investment in areas such as power, health and homes, with British firms likely to be heavily involved in the sustainable housing and renewable energy sectors. Such a development may also help those looking to buy property in South Africa, as a boost to the economy resulting from such work may feed into the real estate sector. Like most countries, South Africa has seen its property prices drop during the world economic downturn, but in an article written for South African property site Real Estate Web, chief executive of Durr Estates Julian Reynolds said this will soon change. Mr Reynolds tipped Cape Town to see the largest price rises in the near future as a "rebound" from seeing the greatest falls in value of any metropolitan area in the country.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.