Europe Real Estate News

 Prices of real estate properties in Greece had dramatically increased during the last ten or fifteen years, to a point where it could be said that a lot of properties were overvalued. The reasons behind that was the overflow of money from the Greek banks to new mortgagors, the introduction in 2002 of the common European currency, the euro, and the resulting weakening of the US dollar, the r [ ... ]

             The first fall in London house prices for many months has wiped out gains recorded in the first half of the year, the latest real estate index to be published shows.

   Dubai’s property companies may face significant refinancing risks as the emirate’s real estate market will likely remain under pressure until at least 2012- 2013, Fitch Ratings said. The property industry “is likely to see a period of stagnant growth at best and a double-dip contraction at worst,” Bashar al-Natoor, director at Fitch’s Europe Middle East Africa corpo [ ... ]

The prospect for residential UK real estate depends on cutbacks in the upcoming emergency Budget. Eliminating Home Information Packs should boost the volume of homes heading to market, potentially eroding prices — particularly if distressed sales increase. See the following article from Property Wire for more on this.

 The 2004-2007 period will be remembered at the golden age of real estate in Central and Eastern Europe. Israeli developers flocked to invest in Romania, Bulgaria, the Czech Republic and Poland. The EdR Real Estate (Eastern Europe) fund was established in late 2006, with significant involvement from some leading Israeli businesses. The fund is controlled by the French Edmond de Rothschild ban [ ... ]

   The 2003 movie, “Under the Tuscan Sun” was all about a San Francisco writer, Frances Mayes, whose marriage ends, and she decides to tour Tuscany to get out of her writer’s block. She falls in love with Tuscany, and buys a falling-down villa, hiring locals to rehabilitate it to its former glory. It’s a great story, one you should watch if you haven’t already, or if you� [ ... ]

   PERSPECTIVES: The bursting of Spain's construction bubble, why it won't exit the euro, and its future role in Europe

* 24.6 bln euros transacted in 2009 4th quarter - report* Report cites credit market thaw, stabilising prices CANNES, France, March 15 (Reuters) - European real estate transaction volumes could rise as much as 30 percent to around 90 billion euros ($124 billion) this year as credit markets thaw and prices stablise, according to a report by broker Jones Lang LaSalle (JLL.N). Appetite for commerc [ ... ]

German Chancellor Angela Merkel (L) and Greek Prime Minister George Papandreou hold a press conference after a meeting in Berlin on March 5, 2010. With Greece under more pressure to cut costs in dealing with its crippling debt crisis, Germany has called for the creation of a European equivalent to the International Monetary Fund.

International Real Estate House Hunting in ... Hungary
 
A FIVE-BEDROOM HOUSE ON LAKE BALATON 
 280,000 EUROS ($355,000)