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Foreign home buyers are snatching up property in Sicily at bargain prices, as Italy suffers from through its longest-ever recession. "When you go to the pizzeria now, you often meet more foreigners than Sicilians," Salvatore Sansemi, mayor of Cianciana, told AFP. Read More »
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Almost a year after London's Olympics hosted Usain Bolt, Michael Phelps and other top athletes, a new firm is starting to market apartments for rent in the Olympic Village, which is now known as East ... Read More »
Spain's parliament has approved revisions to the coastal law which critics say will make it easier for developers to build on the waterfront. The new law allows construction within 20 meters of the co... Read More »
Second home sales in Italy rose by 14 percent last year, with Germans accounting for 40 percent of the transactions. In contrast, overall, residential sales in the country dropped almost 26 percent la... Read More »
After carefully considering the pros and cons of a $1.4 billion development with a Greg Norman golf course planned for the hills above historic Dubrovnik, Croatians decided they didn't really care. Read More »
Turkey has announced plans to issue one-year residency permits to foreigners who purchase property in the country, as part of a larger campaign from the Turkish government to attract more foreign home... Read More »
Forget the grand streets of Paris or the exclusive neighborhoods of London. The most expensive addresses in Europe are found on Romazzino Bay on the island of Sardinia, according to research by estate... Read More »
Record low interest rates on home mortgages have not been enough to spark home sales in France. Sales of existing homes dropped 12 percent in 2012, compared to 2011 - a trend that has continued into 2... Read More »
A London house has reportedly hit the market priced at £250 million ($381 million), a jaw-dropping price even by the U.K. capital's inflated standards. If the owners are able to get the price, it w... Read More »
A new 420-apartment development in Dublin is for sale with a price tag of €70 million, the largest sale of a distressed residential complex in the city. Clancy Quay, which overlooks the River Liff... Read More »
While activity is still far below peak levels, expats are playing an increasingly important role in the struggling Spanish housing market. Foreign buyers accounted for 12 percent of total home sales i... Read More »
U.K. property analysts are scratching their heads and rethinking forecasts after a year of flat prices and the introduction of new government measures designed to spur sales. Nationwide chief economis... Read More »
As the rich get richer, Monaco's real estate market continues to flourish. The average price for a home in the principality is now at a record $3,700 per square-foot, double the prices in 2006, the Wa... Read More »
In the German castle market, almost 50 percent of the buyers are from outside Germany. "We see Russians, Chinese, Turkish people, Dutch, Italians -- it's a mixture," Bernd Neuhäuser, co-owner of esta... Read More »
Facing a bleak macroeconomic environment and highly uncertain political future, the volume of real estate transactions in Italy fell sharply in the fourth quarter of 2012. Real estate deals dropped 2... Read More »
Government measures implemented to slow soaring home prices in Hong Kong didn't work in 2012. Home values rose 23.6 percent for the year, the largest increase in the world, according to the Knight Fra... Read More »
The Russia Parliament reportedly won't include a ban on government officials owning foreign property. A bill introduced several months ago would have made it illegal for state officials, civil servant... Read More »
Some of the luxury property markets hardest hit by the economic collapse posted the largest price increases in the world in 2012, according to Knight Frank's annual wealth report. Prices for Dubai lux... Read More »
The European market may still be in the doldrums, but home builder Taylor Wimpey is reporting a more than 300 percent increase in the number of Scandinavians buying homes in Spain. "The interest from ... Read More »
A new stamp duty enacted last year on London luxury homes caused a 15 percent drop in sales, Knight Frank reports in a study released today. But the tax has done little to stem increases in the prices... Read More »
According to London-based Knight Frank, 2013 will be a year of continued growth in many prime cities around the globe despite continued economic uncertainty. Since the Lehman Brother's collapse the wo... Read More »
