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News and Discussions in Europe

Domestic buyers rescue Cyprus' property markets

by Investment Property News 22-November-2015

Cyprus' property markets are recovering. Overseas buyer interest has fallen recently, but during the first ten months in 2015, property sales to the domestic market went up 8% compared with the same period last year, according to the Department of Lands and Surveys.    Because inter-domestic sales outweigh sales to foreigners, Cyprus' net total sales rose, from 3,703 during the first ten months of 2014, to 3,993 this year. Experts believe that Cyprus' economic recovery is help...

Eurozone housing markets on the path to recovery: European Central Bank

by Investment Property News 27-September-2015

Eurozone residential property markets are recovering and the upward trend in housing prices is likely to continue due to low interest rates and improving job markets, according to a report published by the European Central Bank recently. Many countries in the Eurozone have reported a rise in the housing prices. The average increase in the property prices across Eurozone was 1.1% higher th...

Bargain hunters looking for properties on Greek islands may be disappointed

by Investment Property News 28-July-2015

The Greek stock market may have hit rock bottom, but prominent Greek real estate brokers report a surge in enquiries for homes on the Greek islands. The agents say that most enquiries are from Europe and Middle East Asia.  Many foreign buyers are eyeing vacation villas on the world famous islands of Mykonos and Santorini, as well as Port Heli, in hopes that their prices will plummet.  ...

Landlord tax-relief slashed to discourage Britain's buy-to-let frenzy

by Investment Property News 09-July-2015

A radical change is ahead for UK landlords.  Tax reliefs favouring UK landlords have led to a steep increase in investment in buy-to-let properties in the UK, and have contributed to inflating property prices and rents, making housing increasingly unaffordable.   Landlords are currently able to claim tax reliefs worth 40% or 45% of interest payments on buy-to-let mortgages. However under new rules, from April 2017, they will be able to claim maximum tax relief of only 20% of the interes...

Spain relaxes residency permit norms for non-EU property investors

by Investment Property News 15-June-2015

Encouraged by the recent surge in foreign investment in real estate, Spain has relaxed norms for issuing residency permits to non-EU nationals. Now a foreigner investing more than €500,000 ($560,855) will automatically qualify for permanent residency.    Moreover, residency permits will be granted not only to the investor, but also to his or her parents and children, adults as well as minors. Until now, only the spouse and minor children co...

UK home prices to rise 25% over next five years: RICS

by Investment Property News 12-June-2015

Reeling under the problem of acute shortage of homes, the UK's home prices will rise 25% over the next five years, according to the Royal Institution of Chartered Surveyors (RICS).   New buyers are entering the market at the fastest pace in a year. Yet the supply of homes has gone down alarmingly, causing property prices to go up faster in May compared to April.    The supply of homes for sales has dropped by 12% since...

Berlin implements rent control legislation, more cities likely to follow

by Investment Property News 05-June-2015

Landlords have been barred from increasing rents by more than 10% above the average for a locality in Berlin as legislation enacted in Germany three months ago, has come into force.  Berlin is first city to implement the rent control legislation, a move considered by many a necessity to rein in rent growth. The rate of rent rise in many areas of Berlin is the fastest in Europe. There is already a 10% increase...

Foreign investment tumbles in Cyprus amid booming real estate markets

by Investment Property News 09-April-2015

Most Cyprus districts saw exponential growth  in the sale of residential as well as commercial properties this year. The demand for properties in Cyprus has, however, been driven by domestic buyers. Overseas investment has tumbled drastically, due to a number of factors.    Land Registry offices in Cyprus received 452 contracts for the sale of commercial and residential properties and plots of land in March, up 31% compared to t...

U.S. interest rate hike may hurt Turkish residential property market: S&P

by Investment Property News 05-April-2015

Residential property prices in Turkey will see a strong growth in 2015, but a possible rate hike by the U.S. Federal Reserve Bank will hurt the housing markets as it will discourage foreign capital flows, Standard and Poor’s (S&P) said in a report released recently.    Turkey’s housing markets rely heavily on foreign investment. The U.S. Fed is all set to increase interest rates later this year. The U.S. central bank has kept ov...

As "baby doomers" follow "baby boomers", young Brits face impossible housing situation

by Investment Property News 31-March-2015

Young Brits are ready to make all sorts of sacrifices so that they can afford a deposit for a home, a poll has revealed - to give up further study, postpone marriage, endure the stress of two jobs at a time, and even undergo paid medical trials to raise a deposit.    A poll of nearly 2,300 young Brits, conducted by YouGov for the National Housing Federation (NHF) suggests that with the general elections less than two months away, the issue of housing affordability is on the m...

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Title: Property news in Europe

Description: All the latest European real estate news, reports, statistics, and investment activities.