Prices for property in Spain decreased by four per cent last year, according to a new report.
Figures from Sociedad de Tasacion show the average cost of a new dwelling stood at €213,840 (£177,169) in 2011, with 81,000 properties being built during the 12-month period. Barcelona had the most expensive homes, while Murcia recorded the lowest prices.
The real estate organisation said it believes this downward trend for house values will continue in 2012.
However, it also suggested the balance between supply and demand will improve, as the number...
Investors interested in the UAE property market may take heart from new figures revealing a 20 per cent rise in Dubai real estate transaction values in 2011 compared with the previous year.
The Dubai land department said it recorded the completion of 35,297 deals - including mortgages and property sales - worth 143 billion UAE dirhams (£25 billion) last year and attributed this to local government's efforts to support the real estate market.
Mortgage activity increased by 12 per cent, with flat sales reaching 27 billion UAE dirhams and villa sales standing at...
Brazilian real estate is becoming a major area of interest for investors, according to a new study.
A survey of members of the Association of Foreign Investors in Real Estate (AFIRE) showed that while the US remains the most popular country overall, Brazil is closing in on the nation in several categories.
When asked about the top global cities for investment in 2012, AFIRE's members voted Sao Paulo into fourth place - compared with its number 26 ranking last year. Similarly, Brazil came second in the list of the top nations for capital appreciation, up from fourth...
Investors seeking property in Italy should be patient when it comes to identifying the perfect residence to purchase.
This is according to Crown Relocations senior move manager Kimberley Millhouse, who said Italian properties are generally compact in size, depending on where they are situated.
"Apartments don't usually have many bedrooms and villas often have small gardens," she remarked, adding: "In addition, most apartments won't come with a car park, so it may be necessary to rent a space nearby."
Nationwide reports 'surprisingly resilient' 1% year-on-year rise in UK house prices and more than 5% in London
Household finances might be in the doldrums but property prices still managed to creep up by 1% in 2011, according to the latest figures from the Nationwide.
The building society said that, while prices had dropped by 0.2% in December, over the year the value of the average house has risen to £165,798.
Meanwhile separate data from the Land Registry showed house prices in England and Wales increased by 0.3% in November,...
