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My experience with investors buying in Dubai extends since 2004 when one of my websites (Homesgofast.com) which promotes international real estate found that the property market had huge potential. Many of our UK based investors did not even hesitate to put a deposit down on a sure fire bet of an off plan property that was going to make them a fortune. Yes it worked many flipped got out and made a great deal of money. House prices seem to go up every year driven by hungry developers demanding more money from even more hungry investors.

That Was Then

I felt at the time that Dubai was different and the bubble would not burst , investors were no buying these luxury apartments with a mortgage but with their own money nothing could go wrong!

Down payments followed by stage payments made it a consumer friendly place to buy real estate. Then human nature took over instead of buying one property investors bought 5 then 6 then 10 etc. It did not take too long before the overseas property investors fast become over stretched.  

This Is Now

The Good new is that investors have changed no longer are they looking at Dubai for a quick buck. It's now about steady investors with an eye on the long term. Inspection trips and detailed information is the order of the day with investors carefully selecting the best of what is available.  We see many prices at 2005 levels which obviously presents opportunities for those investing for the long term. Investing in Dubai by overseas property investors is set to return but it will be to a different type of international real estate investor buying in Dubai.

This could be the future

Dubai appears to have turned the corner with UAE  officials stating that talks on reducing the $24.8 billion Dubai debt were going well and that no more major corporate restructurings were expected.

Confidence in Dubai's residential property market certainly appears to be returning with the Colliers International Q1 2010 House Price Index recording a 4% increase in house prices since Q4 2009. It is the third consecutive quarter in which the index has registered an overall increase, reinforcing a trend of market stabilization.

We can all learn from Dubai it seems...

Useful Resources

Dubai Real Estate

The strength of the Chinese economy has now reflected in impressive house price rises in Hong Kong. According to the latest Knight Frank Global House Price Index Hong Kong the country with the highest growth was Hong Kong with prices rising by nearly 30%.Prices in Hong Kong and Mainland China increased by over 25%, driven upwards by a massive injection of liquidity into the economy by the Chinese government s fiscal stimulus package.

Meanwhile in the Middle East Dubai saw huge house price falls of some 42%. This should present good opportunities for those speculating with international real estate. However concerns for over supply and whether Dubai real estate prices has yet reached the bottom may deter investors.

Can we learn from what is happening in these regions , it seems government intervention is the key to strengthening the economy and the Chinese have got it right?

Useful Resources

Houses For Sale 

Online Estate Agents 

A UK property selling survey conducted by the National Association of Estate Agents found that divorce, debt, death and a new job were key reasons for people selling a property.

The survey also found that the majority of people looking to move home did so to get a bigger property 1000 estate agents were asked to find the top three reasons people gave for wanting to buy or sell a home. 41% of estate agents said needing to repay debt was a major factor forcing homeowners to sell their property, while 39% were buying or selling a home following a family death.

A Question For You!

I wonder if the reasons for selling a home is the same worldwide. The UK survey seems a little obvious what other reason top the list in your area?

Why People Lose Their Homes

See:5 Stupid Ways To Lose Your Home

When it comes to the housing market and the Internet the UK presents a strange situation. All research indicates that 80% of buyers go to the Internet to find their next home. The figures for those selling online are dramatically lower with only 2-5% max selling online. So why the big difference? It could be said that maybe the Brits are very conservative and don't trust online estate agents. Others may suggest that the UK estate agency industry is so strong that new models cannot break into the maket.

I feel that the UK is virgin territory for new online real estate services that will help you sell your home and at the same time provide a service from a realtor.

Online agencies are not for sale by owner operations but more like a centrally based companies that can provide most of the services a traditional estate agent can supply but at a fraction of the cost. Lower overheads and a lack of fancy offices means many operate on a fixed cost basis

Is this model the future of real estate?

See examples of online estate agency in action here : Online Estate Agencies

The city of London UK has always attracted the super rich with buying power beyond the reach of your average millionaire. In the eighties oil rich Arabs bought into the London housing scene the nineties saw the Russians move in with shocking wealth. Now it is the time of the Chinese who have untold riches and who are splashing out on a little bit of London town.  

A Hong Kong Billionaires has spent £33 million (USD$49,521,484.78) on a London property confirming that the new international property rich are coming from China. The purchase will have London estate agents seeking new ways in attracting the Chinese to their property portfolios that is for sure. 

The latest purchase n was made by Chinese Billionaire Joseph Lau, who has a £2.5 billion fortune. He bought a six-floor mansion in Eaton Square, Belgravia(above). The white stucco house has its own cinema, a swimming pool, and gym and servant quarters.

House purchaes like this mean only one thing London property prices will be on the up and will not represent the rest of the UK. London will be like an island of unreal property prices within the UK

Related : Housing Market news

What does it mean when a housing market has an increase in second home ownership? The number of second homes in England rose by 2.6% in 2009 following a contraction in 2008 of -0.4%. This rise, which equated to 6,212 additional second homes, pushed the total to an all-time record of 245,384. Does this indicate further investment in second homes to let or an increase in wealth? Low mortgage rates in the UK could also be a factor as well as favorable currency exchange rates.  On the down side it  could be interpreted as difficulty to sell a second home with a lack of buyers seeking a typical second home.

From a social perpective does second home ownership mean real estate stock laying empty when others could do with a home. Does second home ownership push up house prices making it even harder for people to get a foot on the housing ladder?  

Liam Bailey, head of residential research at Knight Frank, comments: "The number of second homes in England has been steadily rising over recent years. The recession and credit crunch saw this trend falter in 2008 - when the total fell by 912 (or 0.4%). The recovery in 2009 - with an additional 6,212 English second-homes, marked a return to long term growth.

More figures here : Second Homes Increase In England

Barbados real estate tends to be at high end of the scale when searching for property to buy in the Caribbean. Barbados is home to celebrities and the rich who are attracted to the friendly nature of the people and unspoilt beaches not too mention the superb climate.

The small island that has attracted a huge amount of international real estate investment mainly from the UK, Canada and US. Recent property developments tend to be constructed with wealthy buyers in mind.

See an good example at Portico Barbados a contemporary apartment block on the beach with prices starting at a cool $4,950,000

Weston Resort Changes Everything

Weston resort Barbados presents rare opportunity to buy property in Barbados at prices not seen before in Barbados. It is an opportunity to benefit from the real estate market in Barbados where tourism can create a regular income for property owners. Imagine an Investment Real Estate in Barbados

Phase one includes 21 one to four bedroom apartments (many with sea views), large free-form pool area with sun terraces, plus beautifully landscaped gardens and pavilion house reception.

All just 40 metres from the beach and situated in 'The most charming and sophisticated of all Caribbean Island destinations'

Prices

1 to 4 Bedroom Gated Condominium Development

Price: USD 144,000 to USD 480,699

More Here Weston Resort, St James, Barbados

British Musician, and TV presenter,Mylene Klass has caused a huge debate in the UK about a home owners right to self defence when an intruder breaks into their home. Unlike in the US where burglars are fair game upon trespass the British law is a lot more complicated.

Myleene Klass was warned by police for waving a knife at teenagers who were peering into a window of her house late at night. She was in the kitchen with her daughter upstairs when she spotted the youths in her garden just after midnight on Friday. She grabbed a knife and banged the windows before they ran away. British police warned her she should not have used a knife to scare off the youths because carrying an "offensive weapon", even in her own home, was illegal.

Klass's spokesman, Jonathan Shalit, said the former Hear' Say singer was "utterly terrified" by the intruders and "aghast" at the police warning. "All she did was scream loudly and wave the knife to try and frighten them off," he told the Sunday Telegraph. "She is not looking to be a vigilante, and has the utmost respect for the law, but when the police explained to her that even if you're at home alone and you have an intruder, you are not allowed to protect yourself, she was bemused." 

British law allows for self defence but it has to be reasonable and proportionate and nothing to do with revenge. In the past British home owners have been jailed for assault as a result of what the law deemed as excessive force on Burglars.

Surely once an intruder steps into your house or real estate seeking to steal or harm you and your family they should lose all rights?

More on Video

  
Myleene "aghast" As Police Give Her Knife Warning - Free videos are just a click away

More on this story Housing Market News 

UK overseas buyers seeking retirement or investment made Spain the No.1 place for them to buy real estate abroad. It offered easy access by low cost airlines and affordable property as well as lower costs of living. 2009 saw a change in Spanish real estate fortunes and the withdrawal of the UK buyers interest on a huge scale.

It is fair to say that Spain's real estate market is in trouble with UK buyers. The Spanish property market has not only been victim of oversupply and house price falls but also a scandal concerning planning permissions reversals.

A survey by overseas property website Homesgofast.com found the number one concern for overseas buyers considering buying  real estate in Spain were fears over planning regulations.  

The survey targeted people that had inquired about buying a property in Spain over the last 12 months and received 1024 replies. 63% of respondents were located the UK. The results showed that second largest concern from buyers related to the decline in the Spanish property market and house values. The survey also uncovered a fear amongst international buyers concerning fraud and being victim of a scam

 The survey asked "what was the number one concern when considering buying a property in Spain"

Survey results

36% - Planning permission issues

23% - Spanish property market / decline in house values

19% - Fear of being subject to scam/fraud

14% - Currency exchange fluctuation uncertainty

8 % - Other

 In recent news around 800 British and Irish residents marched in Almeria after demolition orders were issued for eight expat-owned homes in the nearby town of Albox. The owners are appealing but it is feared many more homes are under threat after Spanish regional authorities' overruled planning permission. It is said that thousands of Britons have bought Spanish properties in good faith, only to find they were illegally built on protected land.  

Is this an opportunity for other regions?

Will the Spanish property market bounce back?

Portico Barbados luxury real estate like no other

Portico Barbados has been awarded the prestigious 2009 Best International Apartment by International Property Awards in association with CNBC Arabia, as well as two five star awards for Best Apartment in the Caribbean and Best Development on the Caribbean. Portico Barbados was also honoured with three prestigious five-star CNBC Americas Property Awards in 2008 for Best Architecture, Best Development and Best Apartment (Penthouse) in the Caribbean, Portico is distinguished by its outstanding finishes, revolutionary design and modern take on island living.

 Official The Best Apartments in the World

Front aspect of Portico		Rear view of apartments

Available are Ten luxurious units featuring 3,500 sq. ft. of living and breathing space

• three exceptional bedrooms with en suite bathrooms and spacious walk-in closets
• master features double glass doors opening to private terraces and views of the Caribbean sea
• fully-equipped open plan kitchens
• spacious living areas luxuriously appointe with marble floors in an ivory coloured anitque finish
• terrace with uninterrupted glass fronted balustrade and frameless sliding glass doors
• heated Jacuzzis
• underground parking
• 70 sq. ft. storage and wine facilities
• separate staff-lunch area, including changing rooms, lockers, bathroom and shower facilities.

 Video

 Prices start from USD$ 4,950,000

Learn More at International Real Estate Portal Homesgofast.com: Luxury Real Estate Barbados