Words: Ashley Rigg
Published: 26th August 2009
New figures show recovery in 7 of world's property markets
Global Property Guide run with their global quarterly house price update. Their Q2 figures show prices rising in seven real estate markets: China, Portugal, Australia, New Zealand, France, Sweden and Hong Kong all show quarter-on-quarter rises.
The worst performers are Latvia, UAE and Bulgaria. Surprisingly Singapore shows a quarter-on-quarter decline contrary to recent news coverage.
Full article on Global Property Guide
User Comments
Florida market is definitely recovering in certain areas though. Naples real estate definitely shows signs of gradual recovery. It's much harder to find foreclosures under $100K. Most of under $100K listings are short sales. $150-$300K market is the most popular especially with international buyers. Most of my clients from Germany, UK, Norway, Russia, Belarus, Czech Republic and Poland chose to go after $250K-$300K 3-4 bedroom single family homes with pools built in either the late 90s or 2000s. I think international marketing push for Naples real estate is essencial at this point because of several factors. Most of international buyers in Naples are cash buyers. Eastern Europeans and Russians are mostly status or so-called bragging rights buyers going after bigger homes. There is a renewed interest in vacation property especially in this amazingly low market.
I have published Naples Area Video Map on my website http://www.naplesrealestateseller.com for my international clients. You can see Naples communities, city areas, individual great deals on Naples homes, the beach, golf, tennis and much more.
Sal Antsipenka,
Independent Brokers Realty