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Global Property Guide - by Marie Carson

Global Property Guide

Moscow's real estate boom propels Russia to the top

March 22nd 2007 15:07
by Global Property Guide

If you thought Moscow property prices couldn’t go any higher – well, they just have! Apartments in the centre of the city are being sold and rented at prices which would appear to defy all reason - except that Moscow is a city, now, of extraordinary wealth.

The average price of an apartment rose to US$16,363 per sq. m. in prime Moscow districts in Q3 2006, according to Knight Frank, Moscow. Re-sale apartment prices rose 62.8% in the three quarters to Q3 2006. Newly built apartment prices rose by 79% in the three quarters to Q3 2006. A small three-room apartment (60 sq. m.) in central Moscow is now worth US$1 million. First-class apartments can command twice that or more – US$30,000 per sq. m. and up is not unknown.


Property is not all that’s booming.

Read the rest of the article here:


Moscow just keeps on booming!

Yields are falling in Russia, but still high

Pro-tenant rental market in Russia

Buying costs are high in Russia

High, flat taxes for non-residents

Reclaiming the Superpower status



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Philippines: High Yields on Metro Manila Condominiums

March 15th 2007 04:05
global property guide team


The rental returns from letting residential condominiums in central areas of Metro Manila range from 8% to 15% yearly, according to a survey just released by the Global Property Guide.

The smallest apartments in each segment earn the highest yields. For instance, studio apartments in the prime areas of Metro Manila can earn around 13%-15%. But the highest returns are available on the smallest studios (30 sq. m.), which earn rental returns of an average of 15.1%. Larger studio condos (40 sq. m.) earn slightly lower returns (12.9%).

The same pattern holds in other condominium segments. One to two bedroom units (measuring 50 – 90 sq. m.) earn around 12%-15%, but the highest returns can be earned on the smaller (60 sq. m.) condos, which earn rental returns of 15%. Larger 1 – 2 bedroom condos (80 sq. m.) earn rather lower returns (11.5%).

“The pattern is unusual,” says Matthew Pollock, publisher of the Global Property Guide. “Instead of a smooth progression from high yielding units to low, we have high to low with high-yielding 'ridges' or 'lumps' at particular apartment sizes - which correspond to the smallest case of a particular number of bedrooms.”

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http://www.globalpropertyguide.com/articleread.php?article_id=86&cid=
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How does the average UK home cost?

March 1st 2007 05:18
via Thisismoney UK

In the UK, there are at least three top companies which spew out in-depth reports and forecasts on real estate and housing trends. These are Halifax, Nationwide, and Hometrack. Halifax said that the average UK home “rose by 9.9% last year to reach £186,035. They have also predicted a further rise in 2007 of 4%.” Nationwide stated that it “rose by 10.5%, in 2006, to £173,746, and they have forecast a rise of 7% in 2007.” Whereas Hometrack declared that UK homes‘ cost rose by 5.7% last year to £170,100.

Elswhere, the National Association of Estate Agents chief executive Peter Bolton-King predicts that there will be a 5% growth for 2007.



However, The Royal Institution of Chartered Surveyor determine that the prices rose by 8% last year and predicts a further 7% increase for 2007.

This may at some point coincide with reports that UK and the rest of Northern Europe will continue to experience real estate boom. Note, however, that the RICS says that last year housing affordability deteriorated by 14% and a first-time buyer couple would now need to save £32,800 to buy a home.

The bottom line is that experts do not see a double-digit increase on house prices.

(Did you find this article useful? Discuss it at Global Property Guide forums!)
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Southern Guanacaste, Costa Rica: now a real estate haven?

February 28th 2007 08:05
by global property guide team

Costa Rica’s exploding Guanacaste Province (North Pacific Coast), which boasts resorts like the Four Seasons and the future home of a JW Marriott, along with numerous high-end communities, has returned wonderful profits for its land owners. Unlike the central pacific region of Puntarenas, land values in Guanacaste are continuing to grow, and new opportunities still exist. The proof of Guanacaste’s dominance is in the out performance of all other areas of the country when it comes to investment returns, especially in its southern area.
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Australian real estate today: a bad time to invest?

February 27th 2007 04:05
by Global Property Guide team

The Daily Telegraph in Australia reports that “rents will jump due to a dramatic fall in the number of apartments built this financial year” (courtesy of BIS Shrapnel) and that because of the superannuation law that is due to change in the second half of this year, most properties are being bought by owner-occupiers.
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What about real estate auctions?

February 26th 2007 02:10

via East Valley Tribune
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Is the Orlando real estate facing trouble?

February 24th 2007 05:34
by Marie

It's been known that the Orlando real estate is undergoing a phase, now that the government of Florida has issued a new insurance law that will take effect beginning the second half of year 2007.
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Latest global real estate news today

February 23rd 2007 04:54
by Marie


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Real estate phrase for the day: Carry Trade

February 22nd 2007 08:43
by Global Property Guide Team


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Welcome to Global Property Guide

February 22nd 2007 08:35

You can only find so much in-depth information about international real estate investment online. Keep your eyes open for Global Property Guide's latest press releases and blog and forum updates. We cover real estate investment issues from over 180 countries around the world.

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