08 | WORLD ROUND-UP
NEWS
Welcome to OPP’s new news round-up, providing you with a snapshot of the main talking points in the international residential property industry this month. For more on these stories turn over the page. For the latest news, visit the
www.opp-connect.com news archive.
2- UNITED KINGDOM
London calling: still safe Central London continues to attract foreign investment because it is regarded as safe, according to analysts. According to a
report by the Institute of Public Policy and Research, overseas buyers invested £5.2bn in London Property in 2011.
9- IRELAND
Ireland sees rise and decline Irish residential property prices recorded their fi rst month-on-month rise in nearly fi ve years. Residential prices overall were up 0.2% in May, after a decline of 1.1% in April. House prices is Dublin were up by 0.5% in May, but were down 17.7% year-on-year.
5- UNITED STATES
World looks to the US US residential international sales rose from $66.4 billion in 2011 to $83.2 billion for the year ending in March 2012. International buyers accounted for 4.2% of the US real estate market dur- ing the year. Many foreign buyers are choosing the US as it is a ‘secure mar- ket’ and a ‘desirable location’, according to a recent survey.
www.opp.org.uk | JULY & AUGUST 2012 The OPP top ten
6- FRANCE
Sales down – what’s next? French real estate is seeing a decline in sales volume, but experts disagree on what’s happening to the prices. Q1 saw a 15% fall in sales volume year-on-year. The fall hasn’t had a big eff ect on prices, but Thion Bernard said that prices will eventually decline.
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