Overseas Property Commentary for September/October 2009
Skip to Headline Statistics or Useful Resources
It's hard enough analysing and reporting on the property market in the UK, let alone around the world, but one thing is for sure, the housing markets abroad are suffering as much as here in the UK! It seems that some countries are suffering less (just like some areas in the UK) as prices haven't increased quite so much, these include Istanbul whose banking system was heavily regulated some years ago after their own banking crisis.
Areas of the Caribbean have had mixed performance. I've just come back from St Lucia, my favourite place in the Caribbean. Advertised prices haven't really dropped, the main difference is that you can negotiate a lot harder on the offer. One property I saw (and just missed!) had a great deal. READ MORE
However, the latest report from the Global Property Guide team following their other report: House price falls during year to end Q1 2009, The Worst Ever and the Knight Frank Global Property Reports
and Savills Reports
Unlike the UK, one of the issues buying and selling abroad is that it can take a year or more to find a buyer. This is especially the case for holiday homes and at the 'top end' of the market as in the UK property prices have started to stabilise due to a lack of supply, but abroad, people don't need the roof over their head, so they'll continue to sell if they have to and can't rely on a local to purchase.
Interesting Country Reports
Spain sold less than 500 properties in Q1 2009
Headline Statistics
There are far too many stats to list here about what's happening in every country around the world! However there are four good statistics resources that are worth studying:-
GLOBAL PROPERTY GUIDE ASSETZ PROPERTY FRONTIERS
SAVILLS KNIGHT FRANKUseful Resources
REAL ESTATE TV HOMES OVERSEAS
For more market commentary on homes and investments overseas:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit
ABOUT US, see
Kate on video and for media appearances, contact:
Sylvia Tidy-Harris
STH Management Tel +44 (0) 1530 263221
Mob +44 (0) 7970 646872
Fax: +44 (0) 1530 264018
