Prime country house prices rose at a faster rate than those in central London between January and March, as average values increased by 0.9%.
Over the past year, residential prices in Riyadh have risen by 5-7% overall.
Prime property prices in Edinburgh rose by 1.2% over the first three months of 2015, after a 0.5% increase in the preceding quarter, as buyers looked to complete deals ahead of the switch to the new Land and Building Transaction Tax (LBTT) in April.
In February 2015, the Hong Kong government announced in the 2015–2016 Budget that this year’s Land Sale Programme would include 29 residential sites—mostly located in the New Territories—which will provide about 16,000 flats.
Due to the sustained slump in the residential property market during 2014 China’s central government has been forced to adopt several stimulus measures in order to accelerate residential sales.
In the second half of 2014, Knight Frank’s Prime Asia Development Land Index reflected a generally positive land market in the region.
Buried in mass of documents issued by the government following the budget are forecasts from the Office for Budget Responsibility (OBR) which give a good guide to government views on the future of the UK housing market.
The prime property market in France has faced considerable challenges in recent years with the global recession, Eurozone debt crisis and domestic austerity measures combining to weigh down on market activity.
According to the pundits, this year’s RBS Six Nations tournament, which kicked off last Friday, is set to be one of the closest on record.