According to Knight Frank LLP, residential real estate prices on Bali increased by 15% last year, making it one of the hottest island property markets in the world. In comparison prices of villas on the Spanish island of Ibiza rose by just 5% while in Sardinia they decreased by 8%. It is anticipated that these […]
Tag: foreign
UK to Crack down on Foreign Money Laundering in Real Estate
The UK prime minister, David Cameron was recently in Singapore to give a speech at the Lee Kuan Yew School of Public Policy. During the speech Mr Cameron outlined plans to clamp down on foreign criminals who are using shell companies to invest in real estate in London. The announcement came after the National Crime […]
More Foreign Homeowners Being Ordered to Sell in Australia
Real estate prices in Australian cities have been rising rapidly and as a result property prices are at the reach of many Australian citizens. Now investigators are looking into 462 possible breaches by foreign homeowners who could be forced to sell. In Sydney several foreign owners of residential homes have been ordered to sell as […]
Canadians Biggest Foreign Investors in Manhattan Real Estate
According to an article in CBC.ca, Canadians have been the largest investors into Manhattan real estate so far this year. Figures from Real Capital Analytics show Canadian investors have bought $3.85 billion of US property this year. This is much higher than the $1.97 billion worth of property bought last year. The biggest investors were the […]