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Despite a 10 to 30 percent drop in property prices since 2008, Government said it’s unlikely the Bermuda housing market has hit bottom and this could challenge Bermuda’s banks in the coming months.

This was one of several concerns raised in the National Economic Report outlook for 2012, which expects the economy to shrink a further 1 to 2 percent this year.

http://www.royalgazette.com/article/201 … 02279957/0

It was the most atrocious bubble in U.S. history pushing tens of millions of Americans into financial misery.

Even today, the last of the lawsuits have yet to be filed.

But five years later it's finally coming back.

The housing market has bottomed and there's money to be made on its return.

http://moneymorning.com/2012/02/27/has- … -bottomed/

February saw a marked improvement in housing market conditions in England and Wales, according to Hometrack, with the number of buyers registering with estate agents up 18%, compared to January.

Activity levels were boosted by first-time buyers looking to complete before the ending of the stamp duty concession (24th March), and on a regional basis buyer numbers increased notably in the south east (+28%) and south west (+22%).

http://www.homemove.co.uk/news/2012/02/ … -activity/

Billionaire investor Warren Buffett said Saturday that he was "dead wrong" with a prediction that the U.S. housing market would begin to recover by now, but he remains optimistic about the nation's economy.

In his annual letter to Berkshire Hathaway shareholders, Buffett said he is sure housing will recover eventually and help bring down the nation's unemployment rate. But he did not predict when that will happen.

http://www.delmarvanow.com/apps/pbcs.dl … y=nav|head

Official maintains lower interest rates will help the market recover faster

Although there is no shortage of people looking to buy property in Dubai, it is the steep mortgage rates that is hampering their decision, believes a real estate expert.

“Interest rates are still too high here and we can definitely say it is one of the constraints. It will probably fall… That will obviously help the market to recover,” Craig Plumb, Head of Research-Mena, Jones Lang LaSalle (JLL), told Emirates 24|7.

http://www.emirates247.com/property/dub … 3-1.439017

Residential property prices are likely to continue to drift sideways this year, impacted by poor economic growth, according to bond originator, ooba.

But ooba chief executive Saul Geffen said with interest rates remaining at historically low levels, which may drop further in 2012, home buyers and home owners would continue to benefit.

http://www.iol.co.za/business/business- … -1.1218009

Overall home sales, median sales prices and the average number of homes in the local market inventory all declined in 2011, according to a year-end real estate report from the Charlottesville Area Association of Realtors.

In 2011, there were 2,300 homes sold in the region, down 1.5 percent from 2010, but up slightly from 2009 levels, according to the report. The median sales price was $245,000, down 3.9 percent from last year.

http://www2.dailyprogress.com/business/ … r-1626558/

As we began 2012, there were only 56 single-family Santa Monica residences listed in the Multiple Listing Service (M.L.S.), which is 48 percent lower than the same time last year.  There were 234 Santa Monica homes sold in 2011 (which is two percent lower than this time last year), and there are currently 35 homes in escrow in Santa Monica.

Median sale prices are currently $1,450,000, which is down six percent from the same period last year.

http://www.smmirror.com/#mode=single&view=33925

Singapore, the tiny trade-dependent island state, has long kept open doors for overseas capital and labor to help power its economy. But as private-home prices here keep scaling fresh peaks despite a series of tightening moves, authorities are swinging the cleaver upon the focal point of many citizens’ ire – foreigners.

The government Wednesday tightened rules on the private-residential market for the fifth time in two years, with an emphasis on overseas buyers.

http://blogs.wsj.com/searealtime/2011/1 … _news_blog

It's been a funny old year 2011, with the funniest unfunny thing that happened being the epicentre of the international financial crisis shifting from the United States to the United Europe, sorry the European Union, no, sorry, the Eurozone, which is the countries within the European Union that adopted the Euro.

European Union isn't really the European Union anymore anyway.

http://www.write-about-property.com/art … 12-746.php

Soho China Ltd. agreed to buy a 50% stake in a high-profile but pricey plot of Shanghai real estate for four billion yuan (US$632 million) in a sign of how China's real-estate crackdown is creating opportunities for the strongest property developers even as it pressures the rest.

Many of China's property developers have been forced to sell assets to raise cash and pay off debt as Beijing's two-year campaign to bring down real-estate prices starts to show results.

http://online.wsj.com/article/SB1000142 … 13024.html