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U.S House Prices to Stop Falling.
Economists have been hunting for indications of when the mortgage crisis will start to loosen its grip on the US economy, paving the way for it to begin recovering.
The Standard & Poor’s Case-Shiller index for June provided room for encouragement in that the pace of monthly declines in US home prices, which hovered around 2 per cent earlier in the year, slowed to 0.5 per cent.
Between April and May, it had already moderated from a 1.4 per cent drop to 0.9 per cent. “The market will see this data in an optimistic light, or as a sign the light at the end of the tunnel is not a train coming at us,” said Alan Ruskin of RBS in Greenwich, Connecticut.
www.investalist.co.uk
Economists have been hunting for indications of when the mortgage crisis will start to loosen its grip on the US economy, paving the way for it to begin recovering.
The Standard & Poor’s Case-Shiller index for June provided room for encouragement in that the pace of monthly declines in US home prices, which hovered around 2 per cent earlier in the year, slowed to 0.5 per cent.
Between April and May, it had already moderated from a 1.4 per cent drop to 0.9 per cent. “The market will see this data in an optimistic light, or as a sign the light at the end of the tunnel is not a train coming at us,” said Alan Ruskin of RBS in Greenwich, Connecticut.
www.investalist.co.uk
Argentina Good for Investors
Overseas property investors could find Argentina a potentially lucrative market, industry analysts have stated.
According to Foreign Property Buyer, experts believe the South American country will become the "next big hotspot" for investors.
The online portal said this is because it offers a number of attractions, such as good scenery and steady economic growth.
Indeed, the website stated that the Argentine economy is expanding steadily at a rate of about 8% a year.
The country's emerging tourism sector was also highlighted as a potential attraction, as it is boosting its buy-to-let market.
Foreign Property Buyer commented: "It means the rental market in the country is good and the potential for both rental prices and housing prices to grow substantially is strong."
The website added that the country's accessibility will also improve over the next few years, which it believes will fuel further growth in the housing market.
According to Property Secrets, there was a 43% increase in the number of transactions in emerging markets during the first quarter of 2008.
www.investalist.co.uk
Overseas property investors could find Argentina a potentially lucrative market, industry analysts have stated.
According to Foreign Property Buyer, experts believe the South American country will become the "next big hotspot" for investors.
The online portal said this is because it offers a number of attractions, such as good scenery and steady economic growth.
Indeed, the website stated that the Argentine economy is expanding steadily at a rate of about 8% a year.
The country's emerging tourism sector was also highlighted as a potential attraction, as it is boosting its buy-to-let market.
Foreign Property Buyer commented: "It means the rental market in the country is good and the potential for both rental prices and housing prices to grow substantially is strong."
The website added that the country's accessibility will also improve over the next few years, which it believes will fuel further growth in the housing market.
According to Property Secrets, there was a 43% increase in the number of transactions in emerging markets during the first quarter of 2008.
www.investalist.co.uk
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