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Photographs of Tower Bridge being constructed are found in a skip.

The world's top 20 cities to buy-to-let properties, earning you the most. Source: The Global Property Guide.

Millions of council house tenants will be entitled to a discount of up to 50 per cent under an extension of the right-to-buy scheme.

Andy Coulson, the former editor of the News of the World, has put his �1.5 million home in south London on the market.


Buoyed by high oil prices and a robust economy, the residential property market in Oman is set to remain strong in 2012 but, under the constraints of a continuing oversupplied market, buyers and tenants will very much be governing the sector, according to a new analysis.

Cluttons, the leading real estate experts that has maintained a steady offering in Oman since 1986, says that while average tenant budgets have fallen over recent years, the expectations of tenants have risen as they seek greater quality and value for money.

Tenants will continue to look for well designed and built properties with features such as good quality fixtures and fittings, outdoor space, excellent maintenance and leisure facilities. It is apparent that tenants are increasingly willing to comprom...

Overseas and global property news, reviews and features. Property Wire brings you the latest news on global property markets....

Spanish Banks are prepared to lend over 100% on their own properties that have been repossessed, it has been revealed.

They are also selling them at rock bottom prices to attract buyers so that they can reduce the amount of property on their books.

According to Adam Cornwell, managing director of Feltrim International these are quality properties in desirable areas.

Recent reports from a leading risk adviser say banks have around €30 billion worth of property that they can’t sell.

‘Whilst Spanish mortgage lending is not expected to recover in 2012 due to high unemployment and limited bank funding, financial institutions have to optimise their balance sheets,’ said Cornwell.

‘To incentivise quality buyers they are prepared to offlo...

China is set to tighten restrictions on foreign real estate investment, according to a statement from the Chinese Ministry of Commerce (MOC).

The MOC has asked local authorities to increase supervision on property investment involving foreigners and strengthen risk controls on the real estate sector.

The statement stipulates that foreign funded developers will not be allowed to make profits through buying and reselling real estate projects.

The MOC also stated that it would strictly monitor all transactions in conjunction with the Ministry of Land and Resources and the State Administration of Foreign Exchange.

There is also like to be more tax reforms relating to the real estate sector. China will expand a pilot property tax programme in 2012 while speeding up resou...

Residential property sales in Miami have ended the year well up and prices of condos have risen for the fourth month in a row, according to figures from the Miami Association of Realtors.

Sales of existing single family homes in the Miami Metropolitan Statistical Area (MSA) rose 11% in November compared to November 2010, and sales of existing condominiums increased 2%.

The median sales price for condominiums rose for the fourth consecutive month, up 18% to $125,000 while the median sales price of single family homes remained the same at $171,300 compared to a year earlier.

On an annual basis the average sales prices for single family homes in Miami Dade County increased 8.2% from $300,369 in November 2010 to $324,846 in November 2011. The average sales price for condominiums in...

Concerns over an oncoming worldwide recession are affecting the appetite of potential home buyers in Hong Kong, according to the Knight Frank December 2011 Hong Kong luxury residential report.

At the same time, local and mainland banks in China have remained cautious towards mortgage lending. A number of banks raised their mortgage rates in November and early December, further hurting sentiment in the residential market.

Looking ahead to 2012 Knight Frank expects prices across all sectors to fall and rents to drop as well as some international companies downsize due to the gloomier economic outlook.

However, developers remained active in launching new luxury flats and were rewarded by encouraging responses, the report also says.

In November, the number of residential sale...

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