11/1 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 property prices in fresh rise October 29, 2009 at 8:00 pm Property prices in Australian state and territory capital cities have shown a fresh rise, according to new figures. The latest survey by Australian Property Monitors has shown that in the three months to September the average house in such cities went up by in price by 3.7 per cent, while units were up by 3.4 per cent. The highest increase was in Melbourne at 6.1 per cent, followed by Tasmanian capital Hobart at 5.4 per cent, while Sydney saw a 3.6 per cent increase. Brisbane saw the smallest rise of the big cities at one per cent. Such a trend may encourage those hoping to buy property in Australia in the expectation of capital gains. Perth's rise was below average at 1.7 per cent, but professor of economic policy at Curtin University Peter Kenyon said earlier this week that prospects for the city are looking up, with Western Australia's mining sector recovering. He told the Daily Telegraph: "Consumer confidence is back, business confidence is back and interstate and overseas migration continues." Turkey 'a cheaper place to live' October 29, 2009 at 8:00 pm Expats could be attracted to Turkey by its low cost of living, it has been suggested. Turkish newspaper Didim Today said this is 60 per cent less than in the UK, something that might tempt those considering buying in the country. People wondering whether it is the right country to live in need to find out more by going there, Julian Walker of Turkish property specialists Spot Blue was quoted as stating by the news provider. He said: "A lot of people from Britain haven't visited Turkey before and are anxious about it. But once they see how much beautiful, open space there is, they understand its potential." According to Deutsche Bank, Turkey is set to see five to six per cent price rises annually over the next ten to15 years. Speaking to the Financial Times earlier this month, founder of broker Istanbul Mortgage Bahadir Teker said the current climate of low interest rates, affordable housing and plentiful mortgage supply makes now a good time to invest in property in the country. Turkey will remain a popular location with Britons taking overseas holidays next year because of its favourable exchange rate, American Express has predicted. Such a situation could encourage those involved in investing in tourist rental property. US recession 'to be declared over' October 29, 2009 at 8:00 pm The US recession will officially end today, it has been predicted. Data from the country's government is expected to show that the economy stopped contracting and began growing again between July and September. A poll of 79 economists by Bloomberg found the median estimate was for an annualised rate of 3.2 per cent growth. Commenting on this expectation, economist at Bank of Tokyo-Mitsubishi UFJ in New York Chris Rupkey told the news agency: "At this stage the numbers are just going to tell you the recession is over and now the argument is going to centre on the speed of the recovery." An end to the US recession could be good news for those keen to buy US real estate there, as an upturn may help property prices to go up as conditions such as employment levels start to improve in the months ahead. Ensuring the recovery is lasting and that another crisis does not recur means there must be more regulatory reform, Federal Reserve chairman Ben Bernanke remarked last week.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.