10/24 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 Base rate rise 'will stabilise Australian property market' October 21, 2009 at 8:00 pm Australia's property market will benefit in the longer run from the recent interest rate rise, it has been claimed. Brian White, the chairman of real estate firm Ray White, said the decision of the Reserve Bank of Australia (RBA) to hiked the Cash Rate from three per cent to 3.25 per cent will help to stabilise the sector. He remarked: "There's nothing worse than a market getting out of control and the residential market has been remarkably strong over the last four or five months." A stable situation may help the Australian real estate market to grow gradually without a boom-and-bust scenario arising, something that could encourage those keen to invest in the country. In the minutes of this month's board meeting released yesterday, the RBA said it had raised the interest rate partly because a "sizeable gap" has emerged between its relatively strong performance and the weaker ones of other developed countries. Egypt in property intentions boost October 21, 2009 at 8:00 pm The property market in Egypt has been given a boost by a poll suggesting that people on middle or higher incomes believe 2010 could be a good time to move into a new home. Market research firm Synovate found that 21 per cent of such people in the domestic market are hoping to soon be living in a different house, something that could make the market very active. In addition to this, 75 per cent said lower prices should make 2010 a good year to invest in Egyptian property. Such a view may encourage overseas buyers, such as Britons thinking of purchasing in the country. Egypt was recently identified as a good place in which to buy for the long term. A report by international real estate firm Jones Lang LaSalle said Cairo was one of the best locations in the Middle East and north Africa region for such acquisitions.   France 'offering wide appeal to buyers' October 21, 2009 at 8:00 pm Britons keen on buying property in France do so for a wide number of reasons, an expert on emigration has said. Director of expat portal Shelter Offshore Rhiannon Davies remarked that Paris is a favourite with many, although some prefer alternatives to urban living. She observed: "Britons are still seeking out the rural idyll that provides them with the best balance between escapism and finding great weather, a fantastic lifestyle and an affordable cost of living." Other reasons for the popularity of the country include its food and wine, culture and proximity to Britain, Ms Davies noted. She was speaking after consumer website uSwitch placed France top of ten European nations in terms of quality of life, a list that also put the UK at the bottom. It noted that the country has a lower cost of living, better weather, higher levels of public health spending and more public holidays in comparison with Britain.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.