Dubai is proving to be increasingly popular among British property investors with figures from the land department showing they put £1.9 million into the emirate’s real estate market in 2015.
This made them the second largest group of foreign investors behind Indians with UK investment almost doubling in three years.
Apartments are the top buy for British buyers, followed by residential and commercial land and then villas with low interest rates, good rental yields and tax free returns on investments behind the rise in investment.
China's property market is staging a major turnaround as property prices in tier 1 cities have heated up quickly over the past few months.
Residential property prices in Ireland increased by 7.4% in the 12 months to March 2016, down slightly from the 8% recorded in February.
The latest data from the Central Statistics Office also show that while house prices are still rising the growth has slowed. In March 2015 the annual rise was 16.8%.
Month on month property prices increased by 0.3% compared with no change recorded in February and an increase of 0.9% recorded in March of last year.
Pending home sales in the United States increased slightly in March for the second consecutive month and reached their highest level in almost a year, according to the latest index.
The Pending Home Sales Index from the National Association of Realtors, a forward looking indicator based on contract signings, increased by 1.4% in March and is now 1.4% above March 2015.
It means that after the slight gain, the index has increased year on year for 19 consecutive months and is at its highest reading since May 2015 and Lawrence Yun, NAR chief economist, said it signals a solid beginning to the spring buying season.
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