It is believed that the property segment is flourishing again as the sales of second hand houses have received a surge recently. It has been informed that in February, the sales of the second hand houses have surpassed the total sales of past two years.

In the coming summer, mortgage loan seeker of the UK would witness a surge in the standard variable rate (SVR). It has been reported that Halifax, Bank of Ireland's UK arm- Bristol and West, Clydesdale and Yorkshire banks would be raising the SVR by 3.5% to 3.99%, 2.99% to 3.99% and 4.59% to 4.95% respectively.

As per recent reports, it has been informed that the tallest residential tower in India has been inaugurated in Mumbai. Scaling a skyscraping 1000 feet above the sea level, the "World Towers" are planted in a huge 18-acre area at Lodha Place in Upper Worli, the urban centre in Mumbai.

The NZ property world is up for an early spring this year, thanks to a massive pickup in sales and listings of Auckland property market. The real estate industry has revealed that Auckland property is soon going to witness a seller’s market.

During a property valuation conducted by the Quotable Value (QV), it has come to light that house values have remained stable nationwide for the month of July in New Zealand. However, it has been reported that in the coming months the house values in central Auckland and Christchurch are on the verge of increasing.

The rates of the properties in New Zealand increases in June with Auckland listed on the top of the charts with highest value of the property in comparison to other cities in the country. The rates of the property increased nationally were 5.2% less than the rates in the year 2007 and 0.9% less than previous year’s record.