The housing market in Ecuador, frequently touted as one of the best and cheapest countries worldwide for retirees, has been supercharged for the last five years, with home prices appreciating annually by 10 to 12 percent, Mr. Morrill said. The global real estate crisis of 2008 had no impact on housing prices there, with a large influx of Ecuadoreans returning home helping to maintain a robust market, he said.
Homebuyers in Scotland will pay no tax on properties costing less than £135,000, Finance Secretary John Swinney has announced.
And a 12% marginal rate for houses costing more than £1m will come into force next April, when stamp duty is replaced north of the border.
Housing associations need to sell private properties on the open market if they are to generate the money required to build social housing, delegates at the Liberal Democrat conference were told.
The concept of a "mansion tax" has emerged again - this time at the political party conferences.
Labour leader Ed Miliband said that owners of properties worth more than £2m would face an annual charge.
East Hampshire District Council has approved outline planning permission for a 500-home mixed-use scheme proposed by the Homes and Communities Agency (HCA) at the former Ministry of Defence (MoD) barracks at Whitehill and Bordon in Hampshire.
Prime Minister David Cameron has pledged that if the Conservatives win the next election his party will ensure that 100,000 new homes for young first-time buyers available at a 20 per cent discount are built on brownfield land.
Annual house price growth accelerated to 8.4% in England and Wales in August - the highest rate of increase for nearly seven years, figures show.
The Land Registry said prices were up by 1% compared with July, with increases again driven by London.
An ambitious proposed £500m riverside redevelopment project linking Cardiff Bay and the city centre which would provide the Welsh capital with over 2,000 much needed new homes has suffered a set-back.
Butrón castle auction in Spain offers buyers a chance to live like royalty
Bidding for Basque Country property, which includes a dungeon and a chapel, is open to anyone who can pay at least €3.5m
Four luxury apartments in a development with views of Buckingham Palace have broken the price record for properties in London’s Mayfair – an announcement that will add to fears that wealthy foreign buyers are fuelling a housing bubble in the capital.
British Land, one of Britain’s biggest developers, said it had sold 18 of the 34 flats in its “super-prime” Clarges Mayfair development for a total of £210m – an average of just over £11.6m each – even though work only began on the site earlier this year.
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