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how do international development projects affect property values?

When looking to buy a home or other property in the U.S., location is typically at the top of the list—many buyers value properties with access to amenities like schools, parks, and an easy commute. But is that value shared by home buyers in developing countries? University of Illinois economist Hope Michelson looked at property transactions in Kenya near what she assumed would be a highly desirable location and found the real estate mantra, "location, location, location," wasn't necessarily the guiding principle there.

neil gorsuch's $1.6m niwot home under contract

U.S. Supreme Court Justice Neil Gorsuch's home and horse property in Niwot is under contract for an undisclosed amount, according to real estate records.Gorusch listed the property in June for $1.67 million. The price was reduced to $1.63 million in September, according to real estate listing service Zillow.It was placed under contract this weekend.The news was first reported by the Dow Jones's Mansion Global.The 5,983-square-foot home has a heated pool, media room, home gym, billiards room and three-stall barn with attached paddock. It was described as a "horse lover's paradise" and is adjacent to a 71-acre equestrian center.Gorsuch purchased the property in 2007 for $1.03 million, according to Boulder County property records. Deborah Read Fowler with Colorado Landmark Realtors was the li

private investors snap up property in popular dutch cities

Photo: Depositphotos.comMore than one in 10 homes which come up for sale in the most popular Dutch cities are being bought by private investors who rent them out, often to students or expats, the Volkskrant said on Wednesday.In particular, investors are snapping up cheaper homes which are suitable for families and first-time buyers, the paper said. Last year, for example, 15% of homes sold for below €100,000 went to an investor, compared with just 5% in 2008, land registry researcher Paul de Vries told the Volkskrant.‘The same homes are then offered as rental properties,’ he said.Cities with a large student or expat population are tempting for private investors. In Maastricht, almost 20% of homes coming on the market are bought as an investment while in Groningen, Amstelveen, Amsterdam, En

neil gorsuch's $1.6m niwot home under contract

U.S. Supreme Court Justice Neil Gorsuch's home and horse property in Niwot is under contract for an undisclosed amount, according to real estate records.Gorusch listed the property in June for $1.67 million. The price was reduced to $1.63 million in September, according to real estate listing service Zillow. It was placed under contract this weekend. The news was first reported by the Wall Street Journal's Mansion Global.The 5,983-square-foot home has a heated pool, media room, home gym, billiards room and three-stall barn with attached paddock. It was described as a "horse lover's paradise" and is adjacent to a 71-acre equestrian center.Gorsuch purchased the property in 2007 for $1.03 million, according to Boulder County property records. Deborah Read Fowler with Colorado Landmark Realtor

tourism-related real estate dominant on european map | business

Greece is the dominant European market for investors looking for high returns in tourism-related luxury property, new market data have highlighted.Nine of Europe’s 10 leading investment locations, in terms of high rates of return on upscale holiday homes, are Greek destinations, according to an annual report by international property consultants Algean Property.Algean used 250-square meter luxury holiday homes promising rental income over 12 weeks during the summer season as the standard measure for its latest study.Myconos, Santorini and Paros held their positions as the leading European destinations for luxury holiday accommodation investors. Myconos offers an 8.4 percent investment return, while Santorini and Paros registered rates of 6.4 percent, according to the market report. They we

real estate and property market news

Rub shoulders with the rich and famous, with a Point Piper property you could possibly affordThe worst property in Australia’s best street offers the opportunity to rub bumper bars with the rich list.

irish sun - ilcus nationwide survey finds 25 percent adults living in unsuitable

The survey was carried out by the Irish League of Credit Unions (ILCU) Adults in unsuitable homes prevented from moving due to the current property marketILCU said a substantial portion of adults feel trapped in unsuitable homesDUBLIN, Ireland - According to a nationwide survey carried out by the country's credit union body, some 25 percent of adults were found to be living in unsuitable homes but can't afford to move.The Irish League of Credit Unions (ILCU) found that one-quarter of adults in Ireland are in residences that no longer suit their needs - but they are prevented from moving due to the current property market.It revealed that while 28 percent of 18-34-year-olds felt they didn't have the finances to leave their unsuitable homes, 26 percent of the 35-54-year-old age group voiced

this derelict west london house is on the market at $4.2 million

A rundown one bedroom mews house in Maida Vale, London has been put on the market for an eye-watering £2.5 million ($4.2 million). Described as “beautifully derelict” by its listing agent, the 137 square metre property features sections of shoddily patched ceiling, peeling walls and a roof so leaky that gutters are needed both inside and outside to carry the rain water away. Despite these less than desirable qualities, the property’s prime location in an affluent West London suburb has helped boost the listing price to more than five times the cost of an average London home, Homes and Property reported.The property at Pindock Mews, Maida Vale. Photo: Lurot BrandThe ground floor of the two-storey house is taken up by a spacious two-car garage, while the upstairs living space features an ope

this derelict west london house is on the market at $4.2 million

A rundown one bedroom mews house in Maida Vale, London has been put on the market for an eye-watering £2.5 million ($4.2 million). Described as “beautifully derelict” by its listing agent, the 137 square metre property features sections of shoddily patched ceiling, peeling walls and a roof so leaky that gutters are needed both inside and outside to carry the rain water away. Despite these less than desirable qualities, the property’s prime location in an affluent West London suburb has helped boost the listing price to more than five times the cost of an average London home, Homes and Property reported.The property at Pindock Mews, Maida Vale. Photo: Lurot BrandThe ground floor of the two-storey house is taken up by a spacious two-car garage, while the upstairs living space features an ope

four of the most spectacular resort-style homes for sale in australia

Browse Australia’s high-end homes and many could easily double as top-flight boutique holiday resorts.Paul Arthur, of Queensland Sotheby’s International Realty, agrees. He says many of the market’s finest prestige homes easily match its most luxurious resort accommodation for amenity, style and seclusion.“Only a few years ago it would have been sufficient to offer prestige property buyers multiple-car garaging, for example,” he says. “That would have exemplified resort grandeur.When home is a resort: The former holiday retreat at Vasey Esplanade, Trinity Beach, is now a private residence. Photo: Supplied“Now we often see helipads and space to accommodate private jets – not just the owner’s but their guests’ too.”His colleague, Simon Cowan, adds: “We are finding the high-net-wealth buyers a

real estate and property market news

Soaring Melbourne property prices cannot simply be curbed by building more homes, according to a new report which refutes ongoing political claims that housing affordability could be fixed through increased supply.

greece has the most affordable homes in europe | business

The Greek homes market has the lowest rates among 18 European countries according to an international survey by the RE/MAX Europe network of estate agents.In 2016 a 100-square meter apartment in a Greek city cost 92,200 euros on average, or 922 euros/sq.m., while outside urban areas the average price of a house of the same size stood at 67,000 euros (670 euros/sq.m.).The price of city residences endured a further decline from 2015, when the average had come to 940 euros/sq.m. while country homes posted an increase from 650 euros/sq.m. in 2015. That increase reflects the increased buying interest in holiday homes last year.For this year RE/MAX stresses that the residential property market is expected to stabilize as a result of the attractive sale prices, the increase in domestic demand and

meet queensland sotheby’s international realty’s tyson clarke

 Domain’s Prestige Insider chats to Queensland Sotheby’s International Realty agent Tyson Clarke.What is something only your close circle would know about you?I’m a bit of an eggs benedict connoisseur. I don’t even look at breakfast menus any more; if they don’t have it, we’re moving on to the next cafe, it is that simple. I also love my adventures sports.The sale of this Kangaroo Point home was Clarke’s favourite and most expensive sale of his career to date.When did you enter real estate and why did you stay?I’ve been in the property and real estate scene for six years after a background in engineering, construction and finance. There are so many different reasons I’ve stayed, I just love it – it’s fast-paced, thrilling, very challenging, you get to meet some absolutely amazing and inter

home buying inflows soaring 72 pct | business

Capital inflows from abroad for the purchase of property in Greece are expected to come close to half a billion euros this year, after posting a remarkable 72 percent annual increase in the first seven months of the year according to the analysis of Bank of Greece data.The increase in incoming tourism combined with the emergence of significant investment opportunities – even in the luxury property category – have considerably strengthened demand for assets such as holiday homes around the country and apartments in Attica.This year’s major growth comes on the back of a 45.3 percent increase in 2016, which saw incoming capital reach 270 million euros, against 186 million in 2015 – the year when the capital controls were first imposed.A recent survey by international property consultancy Alge

erie approves wise farm rezoning, ushering long-slated development plans

Erie's 150-year-old Wise Farm will soon see development long been sought by the property's owner, Sarah Wise, as the Erie Board of Trustees on Tuesday night passed a set of measures to put such building in motion.The approved ordinances will change the property's zoning to allow for an increase in the density of homes that could be built on a portion of the property south of Jasper Road and west of 119th Street.The proposal will add scores of low-density housing to primarily rural acreage, which, under the current zoning, allows for agricultural/open-space rural residential.Such plans, however, come amid familiar calls from residents for more tapered growth throughout the community.Neighbors of the 176-acre farmstead have long resisted change to the property, fearing a rezoning would trans

amsterdam woz property values hit highest-ever level

Photo: Picasdre – Wikimedia CommonsThe average value of homes in the Netherlands has increased for the second consecutive year, the national statistics office CBS reported on Thursday. On 1 January 2017, the average valuation stood at €216,000, 3.3% higher than in 2016.Amsterdam has the highest WOZ value in the country at €290,000 per unit. This is up 11% on the previous record which dates from 2010. Valuations in Utrecht and in towns near Amsterdam also saw substantial increases.The WOZ value of a property is used to calculate local government taxes and is based on the sales price of similar homes over the past few years. This is why the WOZ value lags behind actual house price developments.In Amsterdam, for example, the average price of a city apartment is now over €370,000, according to

meet the 33-year-old investor with 10 regional properties

An unconventional investment strategy has paid off for Victorian Ashley Thorsen, 33, who recently bought his 10th property.While most property investors advise purchasing inner-city real estate for quick capital growth, Thorsen focuses solely on buying land in small towns just outside Greater Melbourne.“What you get rent-wise for properties in Craigieburn is pretty similar to what we get out here, and for half the amount of spend,” he says.Victorian investor Ashley Thorsen recently bought his 10th property.Thorsen’s first property purchase in 2010 was a block of land in his hometown of Broadford (about 80 kilometres north of Melbourne’s CBD) on which he used Metricon to build a four-bedroom house.“I just bought it as a first house to live in. I didn’t realise that it [the property value] w

real estate and property market news

Despite predictions that its bullish property market may slow down this year, figures show significantly more homes have been auctioned this year in Sydney than last year.

'real crime is state-owned houses sitting empty' says trespasser councillor

A Brisbane City Councillor's political stunt has backfired with him being warned about the serious consequences of his actions.Councillor Jonathan Sri (The Gabba) attempted to access a state-owned house at Arne Street, Woolloongabba on Wednesday in an effort to expose the rate of homes sitting empty across the city.Cr Sri arrived about 8am at the property which he said had been unlocked and accessible 24 hours earlier, to find a padlock on the fence and the front door boarded.
Greens councillor Jonathan Sri wants Brisbane City Council to trial the new waste collection method. Photo: Amy Mitchell-Whittington"With Australia in the middle of a housing affordability crisis, and thousands of people on the public housing waiting list, we need to know how many private dwellings and government-o

how much property experts spent on their first homes and where they bought them

Home ownership remains part of the Great Australian Dream, but first-time buyers have been notably absent for the past few years as prices have surged.With a median house price in Sydney above $1 million, and predictions Melbourne could soon face the same seven-figure prices, it’s no surprise first-home buyers are worried about whether they’ll ever buy in.Some of the advice Gen Y is tired of hearing about includes buying on the fringes of the city or the need to compromise on the property they have in mind for their first step on the property ladder.First-home buyers are faced with high property prices. But it wasn’t all cheap harbour mansions for the experts either. Photo: Virginia Star VASBut was it really this hard for the experts when they bought in? And where did they buy themselves? 

the world's priciest housing market is not slowing down

Hong Kong's red-hot housing market shows no signs of cooling anytime soon.Prices in the city have climbed 11 per cent this year, defying skeptics waiting for the bubble to burst and government attempts to rein in the world's most expensive housing market through a raft of taxes and mortgage curbs.
A surge in demand from local buyers and investors has seen Hong Kong property prices rise to a new record high. Photo: David Paul Morris/Bloomberg.If anything, the frenzy has intensified in recent months as investors have poured money into property. Buyers have set new records for everything from luxury homes in the exclusive Peak neighbourhood to undeveloped residential land. There have also been blockbuster deals for commercial property in the heart of Hong Kong's central district."Now it is

why queensland buyers are spending millions

More buyers than ever are ploughing their cash into exclusive golf front properties, agents say.On top of waterfront and city pads, homes fronting the peace and quiet of the fairways are being added to the portfolio of wealthy property owners, retirees, avid golfers and now, even young families.At Sanctuary Cove on the Gold Coast, Ray White agent Matt Gates is marketing what he believes to be Australia’s best golf front property.2218 Arnold Palmer Drive, Sanctuary Cove, is listed at $4.5 million. Photo: Ray White Sanctuary CoveListed at $4.5 million, it’s a state-of-the-art residence located in the Masters Enclave, a secluded island of only 20 homes literally built in to the course. With an eight-car garage basement, an award-winning kitchen and spacious designer interiors, Mr Gates expect

three outstanding sydney homes on show this saturday

An elegant redesign in Ryde, a 1920s heritage home in Newtown and a sunny north-facing apartment in Darlinghurst all make Domain’s property wish-list this week, with open homes to see this Saturday.RydeAn elegant redesign has transformed this cottage into a modern classic. A stone island is the hero of the kitchen-living area, which opens to a covered deck and lawn. The main bedroom plus study alcove take up the whole second storey.6 Thorn Street, Ryde. Photo: SuppliedMeadowbank Public School is 100 metres away; ferry and train services are also close by.Agents Kathleen Synnott and Allister Scott of BresicWhitney Hunters Hill will take the property to auction on August 19 with a guide of $1.85 million.The Ryde property has had an extensive renovation. Photo: suppliedSee more of 6 Thorn Str

greece still unattractive for property sector investors | business

Investors can find opportunities with high yields, such as apartments in the historic center of Athens. With a moderate renovation they can use the popularity of short-term leasing platforms to fetch significant revenues.
Greece remains among the least attractive destinations for foreign property buyers looking to make an investment. A list drafted by the Global Property Guide – an international provider of information for property investors – has placed this country 32nd among 36 states, as its prospects for an investor are seen as quite unattractive.The Global Property Guide report stresses that the high taxation of rental incomes and the high cost of transactions (transfer tax, various stamps etc) are strong counterincentives for investors.Greece has one of the highest rental taxes, c

hundreds of property owners remain in the lurch after watersun homes collapse

Hundreds of property owners who signed up with failed construction company Watersun Homes remain without a builder to complete their homes.More than 400 homes were left unfinished when the Victorian arm of Watersun Homes, WSH Group, went into administration in FebruaryInside Hazelwood power stationVideo duration01:06Previous slideNext slideVideo duration01:23Watersun Homes goes into administrationWatersun Homes goes into administrationPregnant woman Ebony Murner and her fiance Matthew Filmer face financial stress and an unfinished house after their builder Watersun Homes was placed in voluntary administration.Inside Hazelwood power stationVideo duration01:06Video duration01:06Inside Hazelwood power stationInside Hazelwood power stationUnit Controller John Soles will probably be forced to r

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