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Residential property prices in Ireland fell by 1.7% in December, indicating that there is still no sign of the country’s real estate market bottoming out.

The latest figures from the Central Statistics Office also show that the annual rate of decline was 16.7% in December, higher than November’s 15.6%.

In Dublin residential property prices fell by 2.4% in December and were 19.3% lower than a year ago.

Dublin house prices decreased by 3% in the month and were 19.9% lower compared to a year earlier. Dublin apartment prices were15.6% lower when compared with the same month of 2010.

The price of residential properties in the rest of Ireland fell by 1.1% in December compared with a decline of 0.5% in the same month of last year. Prices were 15.1%...

Transaction volumes for Germany’s commercial real estate market will exceed €20 billion in 2012 with continued strong demand from both domestic and foreign investors, it is claimed.

According to research by international real estate advisor Savills real estate worth €22.6 billion changed ownership in Germany in 2011, marking a 20% increase on 2010.

‘The final quarter of 2011 recorded the second best investment volume of the year at approximately €5.8 billion, showing little evidence in the investment market of a deteriorating macro economic environment,’ said Lars-Oliver Breuer, head of investment at Savills Germany.

‘Given a number of uncertainties it is difficult to provide an outlook to 2012 but what will be crucial is whether the situa...

A buoyant lettings market in Portugal continues to benefit from a weak sales market as tenant demand remains strong and rental values continue to decline, according to the latest RICS/Ci Portuguese Housing Market Survey.

The December survey, published today (Wednesday 25 January), shows that the sales market remains subdued, with demand, supply and prices continuing to fall. That said, sales activity whilst still falling, did so at a slower rate than November.

The National Price balance moved from -70 to -66, while the National Confidence index improved slightly, from -60 to -52.

With new vendor instructions continuing to fall (supply), house price declines are being driven primarily by anaemic demand, says the report.

It points out that until September, existing ...

It has been a slow journey for the messages of the environmental movement to take root in people’s lives, but today many are aware of the basics. Most of us are careful about separating out our recyclables from our rubbish, while some seek out locally produced food.

Attitudes are also slowly changing in favour of leaving the car at home and using public transport, while more bike lanes are being created in our towns and cities.

However, many are still living in houses which are energy-inefficient – meaning we are wasting both energy and money. But what can we do to limit the amount of gas and electricity we are consuming?

Debt concerns in the eurozone remain a risk for UK property investments despite 2011 exceeding expectations, according to consultants.

The latest Property Snapshot from Colliers International shows, however, that expectations of a UK recession in 2012 have moderated.

It says that prime property pricing is stable but the secondary sector is weakening further with more distressed assets expected to reach the market as discounted loan portfolios are sold to investors who will begin to sell piecemeal.

It also says that the retail sector performance is not improving, further administrations are expected, rents are falling and landlords continue to brace themselves for further stress.

Despite economic weakness, the office lettings market has been seeing more activity. Rents are...

Residential property prices in Wales increased by 0.3% in November, the sixth consecutive monthly rise in a row, according to the latest LSL index.

Prices have now gone up by 0.7% year on year and it is the only region in England and Wales where house prices have risen so consistently.

The average house price in Wales is now £154,206, according to the index which is the only house price index for Wales and is based on the actual prices of properties sold.

‘Wales is the only region in England and Wales where house prices have risen for six consecutive months. Even London can’t boast such consistent growth. What’s more, it’s also the only region outside of London where prices are higher than this time last year,’ said Nigel Favas, managin...

More than half of all global real estate investment resides in just 30 cities and a quarter is in the five top tier cities of London, Tokyo, New York, Hong Kong and Paris, new research shows.

But this is set to change by the turn of the decade, however, when newer destinations such as Beijing, Shanghai, Moscow and Sao Paulo will become serious contenders for real estate dollars, says the report from Jones Lang LaSalle.

London and Paris continue to rank in the top five but there are now five from Asia in the top 10 with China expected to see a lot of investment in the next decade.

Three North American cities, New York, Washington DC and Toronto are also in the top 10 and the six fastest growing cities are expected to be in the US.

By 2020, the top 30 cities will become the top 50 as digital communications enable corporations to locate outside traditional hubs, th...

Albany Homes International has secured planning consent to develop the historic King Henry VIII dockyard in London into a new residential scheme.

With a GDV of around £25 million, the development has a prime river frontage location with views of Canary Wharf, the City and beyond, and is situated on the River Thames on Europe Road, Woolwich, SE18.

The 1.52 acre historical site is 350 meters from Woolwich Dockyard Station, 600 meters from Woolwich town centre and 900 meters from Woolwich Arsenal Crossrail station, with the Woolwich Ferry service located just to the east of the site.

Planning consent was agreed to turn the site into a 15 storey residential scheme comprising 100 residential units of which 80 will be private and 20 affordable housing. It will inclu...

Existing home sales in the United States continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the latest figures from the National Association of Realtors.

Sales increased 5% to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in November, and are 3.6% higher than the 4.45 million unit level in December 2010.

The estimates are based on completed transactions from multiple listing services that include single family homes, town homes, condominiums and co-ops.

According to Lawrence Yun, NAR chief economist, these are early signs of what may be a sustained recovery. ‘The pattern of home sales in recent months demonstrates a market in recovery. Record low...

Residential property prices in Scotland started falling towards the end of 2011 as a summer gain fizzled out, the latest figures from chartered surveyors show.

Year on year the average house price decline slowed to -0.8% in November compared to a fall of 1.4% the previous month but prices fell for the second successive month in a row.

The price of flats fell by 2.2%, reflecting struggles faced by first time buyers, the survey from e.surv suggests.

‘Although prices were pretty much flat in 2011, they’ve shown tremendous resilience given the bleak economic backdrop. The upshot of flat prices is that high inflation is slowly making property more affordable,’ said Richard Sexton, director of e.surv chartered surveyors.

He pointed out that mortgage fina...

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