Property Abroad News

A recent survey shows that the financial crisis has not dampened the appetite for British pensioners to look for a property overseas in which to spend their retirement. According to HSBC, Spain remains the most popular destination with more than 25 per cent of those surveyed between the ages of 45 and 64 saying they planned to buy a property...

Although Monaco has long been associated with millionaires and movie stars new residency rules mean that Brits looking to move abroad who are prepared to do a bit of hunting could find a new home for the same price it would cost to purchase a house in London. In order to become a resident of Monaco expats have to either rent or buy a home....

The Singapore government has hiked up stamp duty on property being purchased by foreigners in an attempt to calm the booming property market. A year ago additional buyer’s stamp duty was introduced at 10 per cent. However, this appears to have done little to calm prices and so it has been increased to 15 per cent. The ABSD is charged in...

The price of property in Indonesia’s capital is set to rise as new rules are introduced that could allow expats to purchase real estate. The government has indicated that it would like to open up the property market to foreigners in Jakarta, although there are still likely to be restrictions on the ability for non-natives to acquire...

Police have charged the gardener of a British woman living in France with her murder. Although they are yet to find a body, investigating officers say blood matching Patricia Wilson’s profile was found in her cottage in the village of Vabre Tizac and in her gardener’s car. The 58-year-old sold her property portfolio in the UK to move...

Prime office buildings in London have become popular among South Korean institutional investors looking for low-risk assets, reports the Financial Times. Attracted by the UK capital’s high investment returns in relation to risk, South Korea’s cash-rich insurers and investment funds are searching more and more for bargains in the...

China home prices drop for fifth month Property prices in the majority of Chinese cities have dropped for a fifth month in a row, underpinning the success of the government in curbing the market speculation, according to the BBC. In February, the prices of new homes in 45 of 70 cities dropped compared to January, revealed the National...

Spanish home sales fell during the final three months on last year, hitting their lowest mark since 2007, as the country continues to battle recession, reports the BBC. House prices dropped at an annual rate of 11.2 per cent in 2011, revealed the Institudo Nacional de Estadistica, a fall of nearly four percentage points compared with the...

A recent study by TheMoveChannel.com has found that Spain is still top of the list of countries where people would like to make an overseas investment in property. In second place was the United States. However, a surprise leap of 18 spots by Cape Verde saw it once again entering the top ten at position number seven. According to a report...