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An estimated 30 million NRIs (non-residenti Indians) worldwide sent nearly $4.58 billion in remittances back home regularly last year according to the World Bank, as they continue to drive international property sales to record highs in the sub-continent.
Cyprus has long been the black sheep of the overseas property family. With its economy hit hard by the Eurozone crisis, prices and demand have been plummeting for months. But Cyprus surprised the world this week as domestic property sales in January jumped by 97 per cent compared to 2011, marking the second consecutive monthly increase for the market. So what does this mean for overseas investors?
An improvement in the exchange rate between the UK and the Euro is encouraging buyers in France who are snapping up ski properties, it is claimed.
International property investors are increasingly targeting up-and-coming districts in Paris in order to find the best opportunities.
There has been a decline in the level of investment flowing into the Romanian commercial property sector in 2011.
House hunters may have heard of Felice Cohen, the cash-strapped woman who adapted to fit in New York's smallest flat. Videotaping her cramped conditions, her creative housing solution was hailed as "an inspiration to penny-pinched tenants across the world". But Portugal's investors are proving equally intrepid with a simple response to limited bank finance: skipping the banks altogether.
Property investors, many of them from overseas, are continuing to buy in the Philippines despite rising prices, experts point out.
The prime London new build residential market is now being driven almost exclusively by international buyers, generating a net £1.4 billion inflow of equity in 2011, according to new analysis from international real estate adviser, Savills.
Overseas property agencies based in Florida like Feltrim International are delighted with the news that Walt Disney World and Universal Studios resorts are “ploughing millions of dollars into huge expansion projects” at their base in Orlando, which has just become the first-ever US city to surpass 50 million visitors a year.
Student housing demand is outstripping supply despite a drop in university applications.
Cape Verde has catapulted back into the top 10 in the TheMoveChannel.com's latest Top of the Props report. While Spain and the USA continue to compete for the number one slot, the tiny islands saw a surge of interest at the start of 2012, jumping 18 places to become the seventh most popular destination on the overseas property portal.
Overseas property buyers from China have overtaken the Japanese as the biggest spenders in the Australian state of Queensland, having upped their buying pattern three-fold during the global financial crisis says a new report from the agency group CBRE.
Property investors in Dubai have managed to negotiate a deal for payments on a stalled project to be refunded without resorting to court action.
Buying a home in Scotland is cheaper than renting, according to Bank of Scotland.
The 80-storey 3 World Trade Center, one of several skyscrapers being built at ground zero, may have to stop construction at just seven floors if no more tenants can be found for the building. But while the $11.7bn New York project struggles to stimulate demand, it's another story in Florida, where demand from buy-to-let investors has been setting new records.
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