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Buy-to-let mortgages up by a third

CML figures show buy-to-let loans in quarter one of 2012 were up by 32% annually, while repossessions have steadied

The value of mortgages taken out to fund buy-to-let purchases rose by a third year-on-year to the first three months of 2012, as falling house prices and rising rents made the sector attractive to investors.

Some 32,300 loans worth a...

French election results 'to create opportunities' for property investors

International investors in the French real estate market may find there are more opportunities to enter the sector following Francois Hollande's victory in the country's presidential elections.
Mr Hollande beat incumbent president Nicolas Sarkozy in the polls and has pledged to focus on growth, rather than spending cuts, in a bid to improve...

Malaysian retail property 'attracting attention'

Many commercial real estate investors in Malaysia are focused on the country's retail sector at present.
This is the finding of a new Savills report into property investment markets in the Asia-Pacific region in the first quarter of this year.
The firm predicted there will be "major shopping centre transactions" in the three months from...

Spain 'needs to establish a new REITs regime'

The Spanish government needs to introduce measures to set up a competitive real estate investment trust (REIT) regime.
Chief executive of the European Public Real Estate Association Philip Charls explained to Property Magazine International that a well developed REITs scheme can be a powerful tool for attracting international investment.
He...

The woman who lives in a shed: how London landlords are cashing in

Council finds people living in everything from massively overcrowded houses to a walk-in freezer – and the problem is getting worse

Maria's front door has a house number – 48 – screwed in to the wood and its own letterbox, but it isn't possible for a postman to get here to deliver anything. The healthcare assistant's home is a shed in the back gar...

Australian mining towns 'top target for property investment'

The cost of buying properties in Australia's mining towns is making them a popular target among investors.
This is the opinion of Brett Alegre-Wood, founder of Your Property Club and an investor himself, who explained "affordability is going up" in these settlements, which has resulted in "huge" demand for homes in these areas.
...

Romania tipped as property investment hotspot

Investors are expected to turn their attention away from markets such as Ireland and Spain to focus instead on Romania and Bulgaria.
Speaking at the IPD/Property Investor Europe (PIE) Central and Eastern Europe (CEE) Conference, partner at Schoenherr Lawyers Denise Hamer explained many of the banks in Romania have large property portfolios they...

Spain expected to bail out Bankia

The Spanish government is expected to announce a package of financial aid for one of the nation's largest banks - Bankia.
Between €7 billion (£5.6 billion) and €10 billion is likely to be ploughed into the firm to help bolster its balance sheet and cover future losses.
Bankia and its parent company BFA are the most exposed lenders...

Cyprus property market 'struggling in current economy'

Board member of the Royal Institution for Chartered Surveyors (Rics) Cyprus Pavlos Loizou has said the economic situation in the country is impacting the real estate sector.
Speaking to the Cyprus Mail, he stated: "Property and rental prices continue to drop, mainly due to the unfavourable economic climate, the negative forecasts for the...

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