11/6 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 capital cities see new price rise November 3, 2009 at 7:00 pm Existing homes in state and territory capitals across Australia rose by 4.2 per cent in the three months to September, it has been revealed. Data from the Australian Bureau of Statistics has shown that the eight capitals all saw increases in the period, with the largest being Melbourne at 4.7 per cent. Above-average rises were also seen in Perth (4.5 per cent), Brisbane (4.4 per cent) Sydney and Canberra (both 4.3 per cent). The smallest increase was recorded by Adelaide (1.7 per cent), followed by Hobart on 1.8 per cent. Over the past year, however, the greatest improvement has taken place in Darwin, which saw a 12.3 per cent increase, nearly twice the 6.2 per cent national average. In contrast, Perth's annual increase of 4.4 per cent is less than its quarterly rise, indicating that the city has been bouncing back from a slump. Australia may be set for more growth soon as its economy is improving faster than expected. Treasury minister Wayne Swan said that since the Budget, projections for employment levels, economic growth and public finance have all got better. This development "underscores Australia's position as the strongest performing advanced economy in the world," he claimed. South African property 'bouncing back' November 3, 2009 at 7:00 pm The South African property market is bouncing back from a spell in the doldrums, it has been stated. Overseas real estate magazine Property Abroad has said the country has seen a 40 per cent increase in sales in the past two months, compared to the previous equivalent period. It suggested that the return of a widespread provision of 100 per cent mortgages to the market is helping this recovery to take place and said that Cape Town could be a particular beneficiary of the rebound. Both the Cape and the country as a whole could gain from the attention focused on it by next year's World Cup, the portal suggested, labelling South Africa as "very much the world's underestimated emerging market". The country can offer some very favourable upmarket homes, chairman of Sotheby's International Realty SA Lew Geffen told the Times Online last month. He said that for the price of a one-bedroom apartment in London, a buyer could pick up a three-bed beachfront property in the Sea Point area of Cape Town. Spain 'to see return of investors' November 3, 2009 at 7:00 pm Spain should see property investors returning in large numbers after experts said the market there has reached its bottom. Writing for Spanish real estate portal Kyero.com, Martin Dell said the "word on the street" is that the period of falling prices is over. He also noted the comments by Knight Frank last week that the market has stabilised - although price rises will have to wait until 2011. Stating that investors have now ceased waiting for further price declines, Mr Dell forecast: "I continue to predict a wave of foreign investment money flowing into Spanish Property." Those looking to buy should aim to get a 30 per cent discount on the cost of a property compared to 2007 values by making a "cheeky bid" at a lower price, he added. Lanzarote was recently noted as a place where house prices have not fallen as much as the rest of Spain. A feature in the Times stated that its values have only dropped by four per cent in the past year, a third of the national average.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.