Europe Real Estate
How European cities are dealing with Airbnb
Brexit and the City: The real estate agent's view
Outlet mall in Hanover is scrapped by developer
Bury is the UK's property hotspot and house prices are soaring in Salford, but how does your area compare?
Petrol station and cafeteria proposed on agricultural land
Property prices in the Dublin market to hit boom-time levels 'within the year'
Amsterdam to curb Airbnb rentals to 30 days a year
2018-01-11 03:02:54 THE HAGUE (AFP) - Amsterdam announced Wednesday it will impose a new 30-day curb on renting out private homes via websites like Airbnb from next year, seeking to stem a deluge of tourists flocking to its famous canals. The current 60-day limit per year will now be halved "to stem the negative influence of holiday home rentals," the city council's executive said in a statement   Read More ...
Heads of real estate company accused of cheating people out of money - The Baltic Times
2018-01-04 12:06:07 TALLINN - The North District Prosecutor's Office has sent to court a criminal case in which heads of a real estate company are accused of fraud and aiding prostitution, the Russian-language news portal of the public broadcaster ERR reports. The prosecutor's office is accusing 28-year-old Daniil Savitski and 34-year-old Stanislav Borodin in fraud and aiding prostitution and the Delta Property real estate company in fraudulent conduct as a legal person   Read More ...
Not competing on price: modern and smart office buildings are more desirable to tenants
2017-12-29 00:08:45 The third quarter of 2017 was active in the modern offices market. Projects of various sizes contributed to the increase of modern office space in the country’s major cities. The largest projects were implemented in Vilnius, where construction of four new office buildings were completed during the third quarter at Liepyno Verslo Namai, Narbuto 5, Eleven 11 and Green Hall 2   Read More ...
How European cities are dealing with Airbnb
2017-12-17 04:46:02 BERLIN. Laws kicked in last year making it illegal for landlords to rent out apartments to short-term visitors, with a penalty of up to €100,000 (S$158,400). Renting out rooms is allowed provided they do not cover more than 50 per cent of the entire floor space. Owners of second homes took the authorities to court and won, allowing them to rent out whole apartments   Read More ...
JP Morgan, eyeing Brexit, rents more space in Frankfurt: source
2017-11-24 19:08:42 FRANKFURT (Reuters) - JP Morgan () has become the latest big bank to respond to Britain’s looming exit from the European Union by renting extra office space in the German financial capital Frankfurt to accommodate more staff. A source familiar with the matter said on Friday that the U.S. investment bank had rented enough room in the Taunusturm for 200 staff, while it could fit more into its existing offices in the 40-storey skyscraper   Read More ...
Brexit and the City: The real estate agent's view
2017-11-20 16:41:50 LONDON (Reuters) - A booming financial services industry has reshaped London’s skyline over the past 20 years, with gleaming towers dubbed the “Cheesegrater” and the “Walkie Talkie” testament to its impact. But Britain’s impending European Union exit has raised fears of an exodus of thousands of financial sector jobs, with an immediate impact on its property market. In the first edition of the tracker, the indicators largely show signs of a slowdown rather than any transformative decline   Read More ...
Outlet mall in Hanover is scrapped by developer
2017-09-30 04:39:53 A long-planned outlet mall along Interstate 95 in Hanover County is not moving forward. The 400,000-square-foot mall was to be located at the northeast corner of Lakeridge Parkway and Lewistown Road, in the Northlake Business Park, off Interstate 95’s exit 89. Proposals to develop an outlet mall in Hanover date back almost a decade. “In my opinion, outlet malls have peaked   Read More ...
MDA proposes entire revision on current rent laws as part of six housing proposals to government
2017-09-29 12:05:28 Head of the Malta Developers Association (MDA) Sandro Chetcuti believes in a serious revision of Malta’s rent laws as more and more problems continue to arise for both tenants and landlords. Chetcuti was presenting six proposals drawn up by the MDA to Parliamentary Sectretary for social accommodation Roderick Galdes. In talking about a complete revision of post 1995 rent laws, Chetcuti spoke of numerous instances where landlords experience “fear” from experiences where tenants seriously damage properties or fail to pay their rent and then abscond   Read More ...
London 'worst-performing' for house prices
2017-09-29 09:38:49 House prices in London have fallen on an annual basis for the first time since 2009, according to a closely-watched activity report. The monthly house price study by Nationwide said that not since 2005 has the capital been the UK's "worst-performing" region. It was the only region to see an annual price decline in the third quarter, falling 0.6%. Average growth in the UK remained steady at 2% - up 0   Read More ...
London house prices 'fall for first time in eight years'
2017-09-29 09:02:45 London house prices have recorded their first annual fall for eight years, the Nationwide says, dropping 0.6% year-on-year in September. Across the UK, annual price growth slowed to 2%, down from 2.1% in August. The Nationwide said that London was the weakest performing region in the UK for the first time since 2005. Robert Gardner, Nationwide's chief economist, said activity across the UK market as a whole was "subdued by historic standards"   Read More ...
'It's a no-brainer... I'm moving to the UK to escape horrendous rents' - teacher (24)
2017-09-27 18:07:33 Kerri Thornton (24), from Ballivor, Co Meath, lived in numerous rental properties across Dublin over the past three years and believes now is the time to go abroad. The last accommodation she was staying in was €550 per month for a shared room, which she described as "far from ideal". Ms Thornton said that during her college years she was forced to get top-ups on her student loans in order to cover for rent   Read More ...
More people getting go-ahead to borrow to buy home as mortgage approval numbers soar
2017-09-27 16:09:28 The number of mortgages approved was up 20pc in the year. Economists said the rise in approval was contributing to the surge in house prices. The total value of the approvals was €842m in the month, according to the figures from the Banking and Payments Federation Ireland. Half were first-time buyers, while mover purchasers accounted for almost a third of approvals   Read More ...
Families who can't pay mortgage to rent back their homes in new deal
2017-09-27 08:37:08 Mortgage campaigner David Hall has done a deal with AIB to buy out hundreds of homes where the mortgage holders are in arrears. They will then be rented back to the families that previously had mortgages on them. It is understood that funding of up to €100m for Mr Hall's iCare Housing organisation is set to be provided by the bank for an initial phase of the scheme   Read More ...
Mortgage for life: Thousands will have to pay mortgages well into their retirement
2017-09-22 11:36:35 Surging house prices mean families are taking longer to get on to the property ladder, and older people are having their finances drained to help sons and daughters put a house deposit together. Just 56pc of people expect to be mortgage-free when they stop working for good, research commissioned by pensions provider Friends First has found. Some of those who expect to be in mortgage debt in their late 60s are renting at the moment, while others expect to be repaying a mortgage for up to five years of retirement   Read More ...
Two new towns 'rent pressure zones' as costs soar 6.6pc
2017-09-20 09:37:49 The Residential Tenancies Board said that the national average rent stood at €1,017 per month, up €63 from the same period last year. Rents in Dublin grew by 3.3pc in the second three months of this year. Rents for apartments in the capital are now 14pc higher than the peak of the housing boom at the end of 2007. The cost of rent in the capital has increased by almost €400 in the past four years   Read More ...
Bury is the UK's property hotspot and house prices are soaring in Salford, but how does your area compare?
2017-09-20 00:10:59 Bury has been crowned one of the UK’s property hotspots - and house prices in Salford have hit an all-time high as the Manchester property boom spills out to neighbouring areas. Over recent months, Manchester has been at the centre of feverish investment as property buyers and developers turn their sights from London to the north. But new figures now show how house prices in nearby boroughs are now experiencing their own booms   Read More ...
8 years in jail for fraudster who conned 26 individuals by pretending to be property owner
2017-09-15 12:04:26 A cleaner who pretended to be the owner of property she was employed to clean and collected money from tenants has been sentenced to eight years in prison. 38-year-old Alexia Micallef, from Msida, appeared before Magistrate Francesco Depasquale this morning facing multiple charges related to fraud. The court heard how at least 26 individuals fell to the scam and were cheated some €800 each by the accused   Read More ...
Former Ireland football star seeks €1.2m for Rosslare pub
2017-09-14 10:06:13 Former Republic of Ireland international and Premier League soccer star Stephen Hunt has put his hugely successful Rosslare business venture, Tides Gastro Pub, up for sale.   Read More ...
Northern Ireland housing market 'saw strongest UK growth'
2017-09-14 07:34:41 The Northern Ireland housing market saw the strongest price growth in the UK in August, according to a new survey. The study was by the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank. It said that respondents were "more upbeat on the outlook". The study also said that anecdotal evidence suggested that most of the rises were in properties worth below £250,000   Read More ...
Russia presents Kyrgyzstan 35 one-room mobile homes
2017-09-13 15:09:48 AKIPRESS.COM - Russia presented Kyrgyzstan 35 one-room mobile homes for people affected by emergency situations, the press service of the Emergency Ministry reported. The handing over ceremony took place in the Sadovoye village of Chuy region on September 13. Deputy Minister of Emergency Situations of Kyrgyzstan Kalys Akhmatov and Deputy Director of the Department of International Activities of the Ministry of Emergency Situations of Russia Igor Veselov signed the relevant documents during the ceremony   Read More ...
Online estate agent eMoov in float talks
2017-09-11 14:38:45 By Mark Kleinman, City Editor. The online estate agent eMoov is drawing up plans to join the ranks of quoted rivals spurred by the soaring valuation of Purplebricks, the market leader. Insiders said on Monday that eMoov's plans could involve a conventional initial public offering or reversing its business into an existing listed vehicle. A listing of eMoov would underline continued investor interest in the online estate agency sector as OnTheMarket, a portal which competes with Zoopla and Rightmove, also prepares to go public   Read More ...
Private home insulation subsidy scheme almost out of money
2017-09-11 12:14:45 The €60m which the government set aside last September to help home owners make their homes more energy efficient has almost all been spent, the Volkskrant said on Monday. Home owners were able to claim a maximum €15,000 towards the cost of floor, wall and roof insulation or more energy saving glass. In total, 9,000 home owners have been able to make use of the grants, the paper said   Read More ...
Bíldsfell land, 801 Selfoss (dreifbýli)
2017-09-10 12:06:50 ***** 11 Sumarbústaðalóðir **** RE/MAX Senter kynnir; Bíldsfell 5, land 6. Til sölu 9,4 hektarar úr landi Bíldsfels 5 í Grímsnes- og Grafningshreppi ásamt 123,5 hektarar land í óskiptri sameign. Fyrirliggur samþykkt skipulag fyrir 11 sumarhúsalóðir sem er um 6.000 fermetrar hver. Rafmagn er að komið að lóðarmörkum. Staðsetning landsins er undir fellinu Bíldsfell fyrir vestan Sogið og fyrir ofan Þrastarlund   Read More ...
Online tool helps landlords avoid problem tenants
2017-09-09 16:34:04 A Bury-based business has devised an online tool to empower landlords, and help them avoid problem tenants. Landlord Secure gives owners access to more in-depth credit information about potential tenants and report payment history of rent payers to credit reference agencies. The credit check service will give landlords a far more comprehensive overview of a new applicant’s credit history by revealing if the applicant is in arrears with loans or credit cards, and even how much of their credit they are using   Read More ...
Soaring house prices not my fault, says Central Bank boss after relaxing rules
2017-09-09 14:06:31 Governor Philip Lane has suggested that rising house prices are not the fault of the Central Bank - insisting its mortgage rules are continuing to act as a brake on the market.   Read More ...
Petrol station and cafeteria proposed on agricultural land
2017-09-08 10:00:48 The Halmann Vellsix Group owned by Nazzareno Vella is earmarking agricultural land along Triq Sir Temi Zammit between Mosta and Mgarr for the development of a petrol station. The site, located opposite the Valle Verde farm outlet and a short distance from a quarry on the same side of the road, is being earmarked for the development of a huge fuel station, auto parts shop, car wash and cafeteria over a 6,793m2 site   Read More ...
Nine Govanhill landlords banned from renting homes
2017-09-04 14:04:25 Nine landlords in the Govanhill area of Glasgow have been struck off a landlord register after being found unfit to rent out property. One landlord was renting a property with faulty electrics, no hot water, a broken toilet and holes in the floor. The landlords now face criminal prosecution and fines of up to £50,000 if they attempt to let their property   Read More ...
Property prices in the Dublin market to hit boom-time levels 'within the year'
2017-09-03 20:04:23 His comments come as IPAV releases the Residential Property Price Barometer, its first survey of house prices nationwide, which is published exclusively today in the Sunday Independent. Figures compiled for the research show that the cost of an average family home in Dublin is now €517,894, more than double that of the national average three-bed which clocks in at €253,466. “The Dublin market is on its way to reaching, or even topping, the high levels last seen in 2007   Read More ...
Twisted kidnapper of estate agent Stephanie Slater tried to strike £40k deal with detective who was hunting him down
2017-09-02 19:33:22 The twisted kidnapper of Stephanie Slater wrote to the detective hunting him to try and strike a £40,000 deal to sell his side of the story. Michael Sams penned an anonymous letter to John Plimmer, former head of West Midlands CID, offering to sell information about the release of the Birmingham estate agent. He wanted the cash to go to Stephanie, who died on Friday on the Isle of Wight after a short battle with cancer, the Birmingham Mail reports   Read More ...
Estate agent Stephanie Slater who endured eight days locked in a box by kidnapper Michael Sams has died
2017-09-01 10:32:59 Stephanie Slater was held hostage by a convicted killer who took her captive when she turned up to show him around a house in January 1992. A former estate agent who survived eight days being locked in a box by crazed kidnapper Michael Sams has died. Stephanie Slater was held hostage by the convicted murderer, who took her captive when she turned up to show him around a house in January 1992   Read More ...
Charlie Weston: Soon only the rich kids will be able to afford to buy a home
2017-08-31 16:09:36 They are confronted by runaway house prices, rents that defy belief and the need to put a massive deposit in place before they can get approved for a mortgage. A new buyer in Dublin typically needs a deposit of €50,000, a figure that takes at least three years to put together. All the time prices are rising at double-digit rates. Then there is the limit imposed by the Central Bank on what they can borrow   Read More ...
Greek Orthodox patriarch targeted in land sales complaint
2017-08-31 15:06:34 RAMALLAH, West Bank (AP) — A lawyer says more than 300 Palestinian Christians and associations filed a complaint against the Greek Orthodox patriarch for allegedly selling property to Israelis. The church is a major property owner in the Holy Land. The Greek clergy has rejected demands by the Palestinian flock to open the books on property deals. Nabil Mushahwar said Thursday that a complaint over "selling land to the enemy" — potentially a capital offense in the context of the Israeli-Palestinian conflict — was filed with the Palestinian attorney general   Read More ...
Greek Orthodox patriarch targeted in land sales complaint
2017-08-31 14:43:49 RAMALLAH, West Bank (AP) — A lawyer says more than 300 Palestinian Christians and associations filed a complaint against the Greek Orthodox patriarch for allegedly selling property to Israelis. The church is a major property owner in the Holy Land. The Greek clergy has rejected demands by the Palestinian flock to open the books on property deals. Nabil Mushahwar said Thursday that a complaint over "selling land to the enemy" — potentially a capital offense in the context of the Israeli-Palestinian conflict — was filed with the Palestinian attorney general   Read More ...
Chinese investors interest in land comes under criticism
2017-08-31 12:14:00 The news that Chinese investors were interested in buying land next to the famous Geysir hot spring has come under strong criticism in Iceland. People or companies outside the EEA are not allowed to buy land that measures over 25 hectares according to current regulations. The investors want to buy the farmland of Neðri Dalur in Biskupstungur to set up a tourist business   Read More ...
House hunters being pushed into more debt as prices surge
2017-08-31 08:38:11 House-price inflation means the average a first-time buyer couple have been getting approval for is €210,000, according to the banks. Economists said new buyers were being pushed into borrowing more, as the numbers getting approval for a mortgage were higher than the numbers of houses being built. A total of 3,970 mortgages were approved in July. Just over half of these were accounted for by first-time buyers, according to the latest figures from the Banking and Payments Federation Ireland (BPFI)   Read More ...
Baltics: 368 million Euros pumped into commercial property acquisitions
2017-08-31 06:06:32 In the first half of 2017, investor activity in commercial real estate in the Baltic countries was not uncommon, but the recorded scope of investment showed an unfading interest in modern commercial property. A total of 18 investment transactions were concluded in this period in Lithuania, Latvia and Estonia, which involved the purchase of over 312,000 sq.m. of cash-flow commercial property (modern offices, retail, warehousing and industrial buildings and premises, at least EUR 1   Read More ...
Complaints over rent hikes up by 160pc since new 'pressure zones' rules
2017-08-30 12:06:21 Complaints about landlords hiking rents beyond the 4pc annual ceiling in specially designated Rent Pressure Zones have exploded since the new rules went into effect last Christmas, according to the residential tenancies watchdog.   Read More ...
Chinese investors want to purchase land next to Geysir
2017-08-29 12:15:50 Chinese investors are interested in purchasing the land of Neðri Dalur in Biskupstungur, South Iceland, which lies next to the famous Geysir in Haukadalur. The price of the land, which measures 1.200 hectares is 1.2 billion ISK. "They are mostly looking at the location of the land and the fact that it has geothermally heated water," says estate agent Böðvar Sigurbjörnsson at real estate company Stakfell   Read More ...
The five most expensive houses to rent in the region
2017-08-28 16:08:48 These are five of the most expensive homes currently available to rent in the region. Boasting gyms, pools, tennis courts and wine cellars they are among the priciest currently on the market. Nether Alderley - £30,000 per month Set in 12 acres of private land, this ‘Shakespearean’ style ‘family mansion’ is the most expensive on the market at the moment. Boasting an impressive seven bedrooms you certainly won’t have to worry about finding enough room for family and friends   Read More ...
Hagi Við Gíslholtsvatn, 851 Hella (dreifbýli)
2017-08-26 20:18:44 Stakfell kynnir í einkasölu s: 535-1000: Í sveitinni- fullkomið afdrep með veiðirétti. Sumarhús ásamt gestahúsi á eignarlandi, á vatnsbakkalóð við Gíslholtsvatn. Gíslholtsvatn er staðsett um 88 km frá Reykjavík austan við Selfoss og Þjórsá og er aksturstími um 1. klukkustund og 10 mín. Um ræðir frábærlega vel staðsett og gróið land við bakka Gíslholtsvatn. Landið er um einn hektari ( er skráð hálfur), en viðbót var ekki skráð   Read More ...