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US-Schluss: Immobiliendaten drücken Wall Street ins Minus

US-Schluss: Immobiliendaten drücken Wall Street ins Minus
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UK house prices boom outside of London - Rightmove


By Reuters Staff
2 Min Read
LONDON (Reuters) - British house prices have risen further over the past month as sellers seek to take advantage of an extended tax break on property sales, figures from property website Rightmove showed on Monday.
FILE PHOTO: Real estate agents boards are seen outside a row of terraced houses following the outbreak of the coronavirus disease (COVID-19), in Manchester, Britain, July 8, 2020. REUTERS/Phil Noble
Asking prices for property on Rightmove advertised between April 11 and May 8 were 1.8% higher than a month earlier, when they rose by 2.1%. Compared with March 2020 just before the start of the COVID pandemic, asking prices are 6.7% higher at an average 333,564 pounds ($469,892). ....

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We bust 7 myths of buying an overseas property


1. Issues of instability or corruption
Not every property investment overseas is going to be plagued by corruption, require bribes, involve unlicensed real estate sales, etc. Most mature states, like Japan or the UK, have well-enforced laws. Perhaps a useful reference here is the Corruption Perceptions Index, which is updated annually.
A loose rule of thumb is to stick to countries within the top half of the list (e.g., only countries that rank 89 or above), although some investors may have more stringent standards .
As with buying property in Singapore, you can scrutinise the development team as an added safety measure. It’s a fairly safe bet that proven international developers, like Australia-based Lendlease, or the UK-based Berkeley Group, would not attempt to build properties in corrupt or unstable states. Some of these large developers have local projects that you can visit (Lendlease, for instance, is behind the development of Paya Lebar Quarter). ....

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