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Complex buy to let yields in the UK reached their highest level in the first quarter of 2012 as average yields for Houses in Multiple Occupation (HMO) climbed to 10.7% per annum, according to the latest index from Mortgages for Business.

It's Complex Buy To Let Index shows that the complex buy to let (BTL) market continues to offer landlords and professional investors better average rates of return than mainstream vanilla buy to let properties.

HMO yields are at their highest ever level at 10.7% per annum and Semi Commercial Property (SCP) now averages yields of 7.3%. While average yields for Multi Unit Freehold Blocks (MUFB) have fallen over the last quarter, now standing at 6.2% compared to 7.1%, this is due la...

National residential property prices in Canada fell 0.5% year on year last month but market activity edged higher, according to the latest statistics released by The Canadian Real Estate Association (CREA).

Home sales rose 2.5% from February to March and actual, not seasonally adjusted, activity stood 1.6% above levels in March 2011, the smallest year on year increase since last April.

The number of newly listed homes eased 0.3% from February to March and CREA said that while still well balanced, the national housing market tightened due to the rise in activity.

Activity in March was up from the previous month in two thirds of all local markets, with Toronto, Calgary, and Edmonton contributing most to the national in...

The value of the average residential property in Britain fell by 1.7% during the first quarter of 2012 and now stands at £215,436, down £3,708 from the end of 2011, according to leading property website Zoopla.

The latest drop means that average house prices in Britain are now 2.8% of £6,440 lower than a year ago. The fall in house prices over the quarter was felt across Britain, however Scotland performed best with average property values falling only 1.4% to £162,777 over the quarter, still up 4.1% over the past 12 months.

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Rising residential property prices in certain coastal areas in Australia shows the worst could be over for beach towns, according to research.

Figures from property research group PRDnationwide show there has been strong growth in some locations with units appreciating at a faster pace than houses.

PRDnationwide’s head of research Aaron Maskrey said in the past year the best performing coastal town was Bells Beach in Victoria.

‘Unit prices performed well, increasing by 24.5% during the year ending in December 2011. Similarly, house prices in Bells Beach increased by 5.2% for the same period,’ he explained.

Maskrey said the strongest area for activity has been the Gold Coast w...

Residential development land values in the UK are continuing a slow but steady recovery as recapitalised house builders increase transaction levels, but price growth remains centred on serviced plots in the high demand housing markets of London and the South East, new analysis from real estate adviser Savills shows.

The company now forecasts that serviced land values will return to their 2007 peak level by 2016, but bulk land and regeneration sites will be an altogether different story.

Lending and investment remains suppressed and the forthcoming Basel III banking regulations could further constrict debt funding, Savills research believes. As such, house builder demand will continue to focus on smaller sites that c...

Evidence of an improving economy in the first quarter of 2012 will buoy demand for office space in London as the year continues, according to Knight Frank Research.

Central London saw a slowdown in activity due to difficult economic conditions in the last months of 2011 but the consultancy is now forecasting a fall in office supply by the end of the year in the City and the West End office property sectors.

Prime rents in the West End in the fourth quarter of 2011 were £92.50 per square foot and stayed the same in the first three months of 2012 but the Knight Frank forecast is that they will reach £97.50 per square foot by the end of the year.

‘A small drop in take up was inevitable given the...

Residential property prices in Scotland increased 0.1% in February following four months of falls but are still 1.6% down year on year, according to the latest price index.

The average house price is not £145,860 and the rise is attributed to a rush by first time buyers wanting to beat the stamp duty change at the end of March, the LSL Acadametrics Scotland House Price Index.

It also shows that transactions were 10% higher in February than they were in the previous month. At 4,422 for the month, these were up 407 over January.

‘Both the rise in the number of sales and the average price occurred against the grain of the February housing market in Scotland. Whilst, in England an...

The commercial property sector in Oman has seen some significant developments, particularly in the retail market, according to the Oman quarter one 2012 report from Cluttons which has been operating in the sultanate for 25 years.

However, the office sector remains fragile even although demand for office space has rallied over the last six months, spurred by the return to social stability and a significant growth in the economy over the last year, the report says.

Demand for office space remains primarily for smaller, fully finished spaces in the central and western areas of the Muscat capital area, with little demand for space in locations to the East of Qurum.

The recent release of Al Rawaq building in Qurum,...

Spain and France are still the top destinations for British people buying a second home abroad, according to the latest search report from Rightmove Overseas. Some 21.01% of searches for overseas property were for Spain followed by 17.91% for France and 12.06% for the US.

Traditional locations in Spain such as such as Benidorm, Villamartin and Torrevieja have all seen an upsurge in interest, according to Rightmove Overseas. ‘This is probably down to the Britsish people who like to look for property where they holiday. Other European destinations, such Brittany in France have also seen increased levels of property interest,’ said Shameem Golamy, head of Rightmove Overseas.

Charles Purdy, managing director of Smart Currency Exchange said that with Sterling continuing to hold above the €1.20/£1 level it is no surprise there...

Interest in new houses soared during January according to house builder Barratt Homes with the company reporting that it has had the busiest start to the new year for five years.

The company has traced the pickup in activity to record online property searches on the Barratt Homes website during January. This interest has now been reflected in a surge of visits to local sites and a sharp increase in reservations of new homes. Some local sites are now selling at twice the national average.

Rightmove, the leading property portal, has also confirmed this trend and said that there was a 27% increase in online property searches at the start of the year.

‘We believe that one of the key factors is that savvy cus...

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