News - December 2007
Middle East - Dubai and the Middle East Property Outlook
Buy-to-let investing in the Middle East
As US and European housing markets slow, investors are increasingly looking further afield. The Middle East’s housing markets have been rapidly opening - and both opportunities and dangers await property investors. Buy-to-let investors, particularly, should consider the Middle East.
By: Prince Christian Cruz, Senior Economist
Global Property Guide
North America
USA Property Outlook - Housing market is stabilizing, optimistic Realtors say
WASHINGTON — Bucking conventional wisdom, a trade group for real estate agents said Monday that the battered housing market is on the verge of stabilizing and inched up its outlook for 2007 and 2008 home sales.
The revised monthly forecast from the National Association of Realtors, which followed nine straight months of downward revisions, calls for U.S. existing home sales to fall 12.5% this year to 5.67 million — the lowest level since 2002. Last month, the association predicted 5.66 million existing homes would be sold this year.
By Alan Zibel, AP Business Writer
USA Today
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Europe
UK Property Outlook - UK property prices, UK house price crash - Why the outlook is bleak for the property market. Money Week recently had several experts predict what they think could be happening to the UK housing market over the next year and up to 15 years time.
Money Week
South America
South America Property Outlook - Increased foreign interest in Brazil
Brazil’s tourism is increasingly doing well, and as more people visit the country this will have an affect to increase demand for short-term rentals. Also there is a growing increase in interest in foreign property ownership for investment and personal use. Some of the tourists opt to buy vacation homes for their frequent visits, or even buy to move into the country. As with many new emerging markets it is best to speak with someone who knows both sides of the coin.
The noise from Brazil -
Telegraph UK
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