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International house hunters may have heard of Felice Cohen, the woman who adapted to fit her life in a 90-square foot apartment in New York. Recording a video of her cramped conditions, her creative solutions to survive in the tiny property soon went viral. Now, as Ms Cohen finds herself able to afford a full-sized New York home, her unique approach to real estate finance has been hailed as “an inspiration to penny-pinched tenants across the world”.
Indeed, it’s not just in Manhattan that people are thinking outside the box. Investors in Portugal have come up with an innovative way to solve the problem of bank financing: side-stepping the banks altogether.
A buoyant lettings market in Portugal continues to benefit from a weak sales market as tenant demand remains strong and rental values continue to decline, according to the latest RICS/Ci Portuguese Housing Market Survey.
British overseas buyers still retain Spain as their preferred foreign hotspot for purchasing property according to A Place In The Sun's (APITS) recent exhibitions' poll.
Portuguese agency Infinito Real has taken on four new members of staff to cope with a surge in activity as “cheap prices and high-interest savings accounts attract seasoned investors and amateur overseas landlords to the market.”
Property for sale in Portugal has seen a fall in demand, prices and supply, the November Royal Institution of Chartered Surveyors (Rics)/Ci Portuguese Housing Market Survey (PHMS) has revealed.
The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.
Azad Zangana, European economist at Schroders, discusses the importance of a successful eurozone to the UK economy and whether breaking up the single currency is the answer to the ongoing crisis.
The new Portuguese Minister of Tourism, Cecilia Meireles Graca, heard calls for the country to launch a new, well-coordinated communication, pricing and financial support strategy to help rebuild its residential tourism sector when she held a high-level meeting in London with senior leaders from the overseas property industry last week.
Patrick Summer, Head of Property Equities, Henderson Global Investors shares his outlook for global property markets in 2012.
A further financial crisis was hopefully averted in Europe as the European Union leaders reached a bailout agreement after a marathon brainstorming session.
European leaders have reached a "three-pronged" agreement described as vital to solve the region's huge debt crisis.