Recent changes to the Canadian MLS listing service, allowing consumers to list their own property should be interesting to professional agents. There has long been an argument that the MLS was being restricted by the Canadian Real Estate Association. Anyone would think that is how thay make a living…. Property investment news
Luxury real estate is booming! says Business Insider.
Citi and Knight Frank have released their Wealth Report for 2010, and it points toward massive gains for some markets in terms of luxury real estate. Seriously, the price growth in some cities will blow your mind (think Asia). Business insider.
Luxury Real estate is hit by global recession says The Real Estate Channel.
Luxury leisure markets suffered from the global recession, suggests a new study carried out by the experts of Citi Private Bank and Knight Frank Consulting Group. Last year global prices for luxury housing fell by an average 5.5%, while prices for leisure properties decreased by 13.9%. In contrast, prices for urban real estate, in 2009 even increased – by 0.4%. Real Estate Channel
They do point out that the amount of cash injected by the Chinese government Inc seems to have bouyed up the Asian markets, although another proposed tax in Taiwan on luxury homes may slow things down accvording top Focus Taiwan.
A plan to adjust housing and land taxes is still in the works but has yet to become a set policy, Minister of Finance Lee Sush-der said Monday. Fielding questions at a hearing of the Legislative Yuan’s Finance Committee on whether the Ministry of Finance (MOF) had abruptly put brakes on its housing and land taxes adjustment plan, Lee said the ministry’s Taxation Agency was still working on it. Focus Taiwan.
So – mixed news as always in the luxury real estate markets.
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Very informative post about Real Estate scenario in Canada. The matter of property investment is always sensitive for me. This is related to various factors, especially with economy status of
world. After economic downturn in 08-09, I’m studying about various information and guideline about property investments.
I read a guidline about property investment in UK and USA http://www.axispropertyinvestment.com/smart-guides.html.
It would be great if anyone can provide some more info about property investment.