The percentage of US homeowners who owe more than their house is worth will nearly double to 48% in 2011 from 26% at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
This article explains trends in hotel development models and patterns throughout Central America, as well as identifies the countries within the region offering the greatest potential for hotel development.
Construction on more than 10% of 1.306 planned skyscrapers was on hold at the end of June, and there were 11% fewer such projects under way compared with six months ago, according to a report released this week by Frankfurt based Emporis GmbH.
The cost of farmland in Uruguay has dropped between 20% and 30% in the first half of 2009 and the number of operations has fallen drastically, 70% according to local camp brokers.
House prices dropped further around the world during the year to end March 2009, as personal consumption expenditure decreased, consumer confidence remained low, credit remained tight and the unemployment rate worsened, property researchers the Global Property Guide said.
The value of the square metre in Uruguay’s most fashionable resort Punta del Este remains steady and experienced a slight increase in the last year according to an April report from ReporteInmobiliario.com, one of Buenos Aires leading real estate analysts.
Nearly a third of flats and more than a quarter of houses up for sale in Britain have been on the market for more than six months, research has shown. Around 30% of flats and 26% of houses have failed to sell during the past six months, while 10% of flats and 7% of houses have been on the market for more than a year, according to property website Globrix.com.
While property prices in destinations like Europe and North America have been deeply affected by the global financial crisis, luxury real estate in this renowned South
American getaway remains exceptionally strong.
Sellers of property have called the shots for years on the Manhattan 22.7 square mile island that is the financial capital of the United States. But now buyers are having their day, according to the first-quarter reports due from major real estate brokerages on Thursday.
The prize of farmland in Paraguay has fallen significantly because of insecurity and the slide in international prices for oil seeds, mainly soybeans, according to a report from the head of the Agronomy Department at the University of Asunción, Ricardo Garay.