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2 Current News Articles Found - Page 1 of 1
Over 2000 archived News releases and Industry articles.

Spain Plans To Offer Residency Papers With Every Home Over 160k!
19 November 2012

A new plan was disclosed today by the Spanish Trade Ministry Secretary, Jaime Garcia-Legaz. Aimed at helping the stagnated property market, the plan is to offer permanent Residency to foreigners who buy a house or apartment valued over 160,000 euros ($200,000). The plan is expected to be approved in the coming weeks, and would be primarily aimed at enticing Chinese and Russian buyers. It was not immediately clear if the residency would only refer to Spain, and not the European Union. Spain has more than 700,000 unsold houses following the downfall of its real estate market in 2008 and demand from the recession-hit domestic market is s...

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Bermuda House Sales Stagnate As Prices Fall, But Help May Be On The Horizon
22 February 2012

Property prices in Bermuda dropped dramatically in 2011,with many properties on the Island now taking as long as a year or longer to sell. Condos in the under $32,400 ARV (Annual Rental Value) were the hardest to sell, with double digit drops in both price and volume sold in 2011, however, the luxury home market saw increases in the number of sales and average price. That said, the under $153,000 ARV housing market suffered significantly in the economic downturn, representing less than half o...

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