International Property News

Spain is Ideal for Younger Brits

Traditionally the older generation has been attracted to Spanish property as an excellent retirement location in which to enjoy a good climate and a slower pace of life. However, recent research shows that it is becoming increasingly popular amongst younger UK residents.
Monday, October 30, 2006

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Cyprus – A New Golfing Paradise

News in this week shows Cyprus is on the move to marketing itself as an up-market Mediterranean golfing paradise over the next five years.
Monday, October 23, 2006

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MOROCCO TAKES STRIDES TOWARDS THE EU

European Union Commissioner for External Relations, Benita Ferrero-Waldner has confirmed this month that the EU is considering giving Morocco more recognition in its relations with the European Union.
Wednesday, October 18, 2006

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Urgent Penthouse unit available

A much sought after penthouse unit has been re-released on le Jardin dE Fleur.
Wednesday, October 18, 2006

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Spanish Property Continues to Flourish

According to The Economist this week, the second quarter of 2006 saw property price increases in Spain of 10.8% per annum.
Tuesday, October 17, 2006

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Property Not so Slow on The Continent

While Spain and France are historically famous for quick returns on property investment, the UK still lags well behind them. Last week (4th October 2006), Halifax reported that property in the UK as a whole grew by the narrowest margins since the early 1980s.
Wednesday, October 11, 2006

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Property Abroad - A Lifestyle and Investment Choice for Britons

According to a new survey conducted by NatWest International, nearly one sixth of the UK population intends to relocate abroad as they are discontent with the lifestyle and opportunities available to them on home soil.
Tuesday, October 10, 2006

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New UK Flights Open up Turkey

British property investors from the south west wishing to break into the Turkish market will be pleased to know that Holidays 4U, specialists in holidays to Turkey, is to begin flights to Dalaman and Bodrum from Cardiff airport.
Thursday, October 05, 2006

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Spain Still Hot For The Brits.

According to Barclays Bank research, the number of Britons owning property abroad is set to double to 4.4 million during the next decade. These figures also support reports that ex-eastern bloc destinations are increasingly becoming a hot property investment, with holiday properties in Croatia and Bulgaria increasing each month, However, while the UK property market is slowing, the British are still looking for good, safe investment arenas for a second or retirement home to give them a change of scene in the sun, while Spain is continuing to top the ratings on all counts.
Wednesday, October 04, 2006

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Turkey Follows Spain's Example

Following a visit to Spain in late July, Turkey’s Finance Minister, Kemal Unakitan, together with Culture and Tourism Minister, Atilla Koç, have decided to take the example of the Spanish model for implementing better procedures aimed at enticing a growth in property sales to foreigners. During their visit they conducted careful studies on just how Spain attracts foreign second home buyers to its real estate business. The Spanish have sold one million dwellings to the foreigners to date and have received 178 billion euros from the sale of second homes to the foreigners, most of which were off-plan purchases. Finance Minister Unakitan has stated he wants Turkish bureaucrats to work on the implementation of the Spanish model in Turkey, whereby the contracting firms carry out the infrastructural investments such as the construction of roads and bridges and environmental arrangements in the regions where the development takes place, while the administration of the developments is provided by the same or another firm. Meanwhile, Unakitan has recently defended a lawsuit at the Constitutional Court against the Law for the Amendment to the Land Registry Law No. 5444 which limits the property sales to the foreigners. This law has been previously brought to the Constitutional Court for its injunction and eventual annulment. It is clear there are big plans ahead for Turkish real estate and many investors consider it wise to invest in Turkey sooner rather than later, while property prices remain very low, and before the Spanish role model kicks in.
Wednesday, October 04, 2006

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Thailand Property Still Buoyant

Despite last month's coup in Thailand, many investment analysts, amongst them Colliers CRE, are confirming there has not been a fall in property demand in Thailand. In fact the property market still looks sound, and the Thai interim government is intent on keeping the property sector buoyant. Fund managers are reinforcing general views of economic stability, good exports and the fact that the coup was merely a result of short-term volatility. Banluesak Pussarangsri, director of Bangkok Bank’s Macro-economy Analysis Centre, draws attention to the fact that the currency and economy have actually stood up well in the face of recent events and states the Thai economy is expected to continue growth at approx. 4.5% this year. Meanwhile, many shrewd property investors are using the aftermath as an opportunity to buy in at better prices. Thailand's new Suvarnabhumi Airport is preparing to open soon and it is expected this will transform Pattaya and its surroundings into a family resort area. Developers are buying up land to build quality hotels and shopping malls etc. and it is believed Pattaya will transform over the next five to 10 years. Other hotspots are currently in areas near the airport at Hua Hin, and Phuket, where tourism remains strong and well able to keep the property sector buoyant.
Tuesday, October 03, 2006

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Green Light for Bulgaria’s EU Accession

It has now been confirmed that Bulgaria will join the EU in 2007.
Monday, October 02, 2006

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Cyprus Home index reconfirms Cyprus Market Strength

According the latest BuySell Cyprus Home Price Index this week, property prices in Cyprus are rising steadily.
Monday, October 02, 2006

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More Flights to Cape Verde

Due to the further expansion of international flights to the Cape Verde Islands
Monday, October 02, 2006

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Propertyshowrooms.com launches new look website

Web-based Propertyshowrooms.com already receives a flood of interest from property purchasers investing in emerging markets all over the globe. The launch of the new propertyshowrooms.com website offers more research information than ever before on the latest international property hotspots. Visitors to propertyshowrooms.com obtain in-depth country facts - from property listings and knowledge about the country to key facts about their current investment potential in the marketplace today. An exciting new feature of the site is the facility for immediate access to three dimensional images of all properties and their surroundings, through the use of an integrated version of Google Earth. The site is also continually increasing country listings and updating its database and now boasts even more news articles from its Press Department to keep investors in touch on a daily basis with the very latest developments in featured countries. With the International Property Investment Network (IPIN) at its side, propertyshowrooms.com offers investors only carefully vetted property opportunities within select markets that offer solid investment potential. Propertyshowrooms.com also ensures that any independent service or product offered through the network undergoes a strict selection prior to inclusion on the site. Many investors find propertyshowrooms.com so informative that the site provides the perfect one stop shop for valuable research, selected listings and independent advice. Click here to start a brand new web research experience with propertyshowrooms.com.
Monday, October 02, 2006

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