Articles on RealEstate&CoUK - p2

The average UK home fell in value by 1 % from September 2008 to August 2009, (Nationwide). Taking into account the price decreases from September 2008 to the beginning of 2009, an overall rise in price signifies significant recovery in the central London market. 

Year-on-year growth in real estate investment also gained pace, increasing 14.7% from January to August. Shenzhen and Jinhua, the main cities in the eastern coastal provinces, led the gains.
Most analysts believe the recovery is due to the series of measures introduced by the Chinese government since last October, including tax breaks, to support the real estate sector, which accounts for more than 20% of urban fixed investments and is a key driver of China’s economic recovery.

Since peaking in the first half of 2008, Manhattan apartment prices have fallen an average of 25 percent to 30 percent.
The Manhattan residential real estate market had been largely unscathed during 2008 as other US housing markets were floundering, but it hit a wall in September 2008 when Lehman Brothers collapsed and the financial sector fell to its knees. 

''Australia is the flavour of the month amongst the Chinese investors,'' Mr Jonston, 41, said yesterday. ''They love property and there's plenty of money over there so they're good clients to have.'' 
While Chinese buyers have fuelled the top-end real estate revival, they are also courting controversy, with some local house hunters complaining they are being priced out by foreigners who have no intention of living in their new properties.

1. Deal only with a licensed real estate broker who will have the authority to sell. With utmost honesty and integrity, a licensed broker will be familiar with the properties which he undertakes to sell. He has a working knowledge of land economics, real estate market, legal provision affecting real estate, reading ordinary maps and plans, financing practices in real estate transactions, basic features of land and building construction and the working knowledge of government offices concerned in real estate. 

The slump in the Russian property market can be seen everywhere with shadowy cranes towering over buildings, unmoving, and building sites eerily quiet. Plans for beautiful tower blocks have been frozen or scrapped, with some now earmarked as car parks instead. 
Russia’s largest property developer, Mirax, is in trouble and their plight mirrors that of many developers around the country. Mirax has already seen the threat of a court-ordered seizure of assets at Moskva City, one of their leading developments, and the company has announced that they are stopping construction temporarily on all of their projects.