International Property News

Cypriot authorities aim to boost winter tourism

Overseas property investors in Cyprus may benefit from a surge in winter tourism, according to one official.

Panos Englezos, chairman of the Cyprus Tourism Organisation (CTO), stated that there was a perception among some that the island was only a summer holiday destination....
Wednesday, October 31, 2007

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Brazil to host World Cup

The football World Cup is set to go to Brazil in 2014, putting the country firmly on the international stage.

This is likely to showcase many of the country's major cities, potentially boosting interest from both holidaymakers and overseas property investors....
Wednesday, October 31, 2007

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Budget airline launches new European services

Overseas investors are set to reap the benefits of new flights between Northern Ireland and continental Europe.

Low-cost airline easyJet is launching flights to Venice in Italy and the Spanish city Barcelona, potentially triggering a surge in visitor numbers to these areas....
Tuesday, October 30, 2007

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Cyprus 'attracting 1m Britons each year'

More than one million UK tourists are choosing to take their holidays in Cyprus each year, according to a newspaper report.

The Telegraph stated that factors such as its good climate and its similarities to home were proving to be highly attractive to consumers from Britain....
Tuesday, October 30, 2007

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Holiday home buyer praises Morocco

The African country of Morocco has been praised by a holiday home buyer for its natural beauty and culture.

Peter Cowie from London bought a property for renovation in Morocco earlier this year along with his wife Rebecca....
Monday, October 29, 2007

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Owning a foreign property 'is becoming the norm'

Buying a holiday home abroad is becoming increasingly common among British families, new research has found.

A study by NatWest International found that 250,000 people from the UK owned a foreign property, mainly in European countries such as France and Spain....
Monday, October 29, 2007

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Baby boomers look to live abroad

Many of Britain's baby boomers are looking to move abroad and enjoy a more relaxed life in the sun, according to new research from Bradford and Bingley.

Its study found that some 48 per cent of over 55s want to travel more and 18 per cent wish they had lived or worked in an overseas country....
Friday, October 26, 2007

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Overseas buyers urged to seek advice

Overseas property buyers thinking of moving to the USA, South Africa or Australia should seek expert advice before they jump in with both feet.

The currency specialist HiFX warns that the process of moving abroad and settling into a new home can be hectic enough without the unnecessary hassle of confusing paperwork....
Friday, October 26, 2007

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Turkey a 'top ten investment destination'

Turkey is one of the top ten destinations for overseas property investment thanks to its continued popularity among tourists, Buy Association has said.

Paul Collins, a spokesperson for the property website, believes property is still reasonably cheap in Turkey which is why it appeals to overseas buyers....
Friday, October 26, 2007

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More people to fly to eastern Europe

More people are expected to fly to eastern Europe over the next four years, which could boost opportunities for overseas property investors looking to take advantage of demand for holiday accommodation....
Thursday, October 25, 2007

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Cape Verde market recommended to investors

Cape Verde could be a good location in which to purchase an overseas property, according a media report.

The Telegraph said that the group of islands had become a tourist hotspot, meaning that demand for holiday homes and rental accommodation is on the rise....
Thursday, October 25, 2007

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Spanish authorities inspired by London Underground

A transport system inspired by the London Underground could be set for construction in Spain, it has emerged.

It is understood that the regional government in Andalusia is considering introducing a Tube-style rail network across the province....
Thursday, October 25, 2007

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Cyprus aims to appeal to golfers

Affluent golf lovers are being actively encouraged to invest in the Cypriot property market, it has been reported.

The 7Days news website said that the country's government was planning to build 11 new resorts in order to boost the level of foreign investment....
Wednesday, October 24, 2007

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Bulgaria 'attracting more foreign tourists'

Bulgaria is continuing to benefit from a steady influx of foreign visitors, according to new figures.

Official data cited by the Sofia Echo showed that during the first nine months of 2007, there were approximately 4....
Wednesday, October 24, 2007

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UK-France flights 'will be good for investors'

New flights between the UK and France are likely to directly benefit overseas property investors, according to an airline.

Eastern Airways said that holiday home owners in the Loire Valley would welcome the introduction of new flights to the region from Southampton Airport....
Wednesday, October 24, 2007

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New airport 'to attract investors to Brazil'

The creation of a new airport in Brazil is set to boost overseas property investment in the country, according to experts.

Independent analysts at Amberlamb stated that the opening of a new portal in 2010 would significantly improve accessibility to areas such as Natal and Rio Grande do Norte....
Wednesday, October 24, 2007

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New airport 'to boost Brazilian property'

Brazil's property market is set for a major boost after the opening of a new airport in the country.

Knight Frank stated that the forthcoming portal in San Gonsalvo would boost tourism and investment in areas such as Natal....
Tuesday, October 23, 2007

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Good weather 'enhances lifestyle in Cyprus'

People living in Cyprus are able to enjoy outdoor activities all year round, according to a foreign property owner.

Charlie Burrell, a Scottish retiree who relocated to the island eight years ago, stated that he was often able to engage in outdoor pursuits as a result of the good climate....
Tuesday, October 23, 2007

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Italian province 'offers investment opportunities'

The Italian province of Calabria could be a good option for prospective rental investors, an expert has advised.

Real estate specialist Marco Rossi told the Daily Record said the region, commonly referred to as the Italian Riviera, was attracting an unprecedented level of interest from foreign buyers....
Tuesday, October 23, 2007

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Brazilian tourist boom predicted

The number of people visiting Brazil is likely to reach record levels this year, according to official estimates.

Tourism institute Embratur stated that recent years had seen a period of consistent growth in the country's tourist sector....
Monday, October 22, 2007

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Investors to benefit from Cypriot tourism boom

Authorities in Cyprus have recorded an increase in the number of tourists this year, potentially boosting investment prospects on the island.

During the year to September 2007, there was a 6.4 per cent increase in tourism in Cyprus, according to official figures cited by the Financial Mirror....
Monday, October 22, 2007

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Spain 'to face competition from emerging markets'

Spain is set to come under increasing levels of competition from emerging tourist markets, according to experts.

KMPG stated that the country's position as one of the world's leading destinations for golfers was under threat because of the growing popularity of countries such as Turkey....
Monday, October 22, 2007

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Morocco's tourist market 'set to increase'

The number of tourists visiting Morocco could increase by more than a third during the next three years, according to new estimates.

Travel and Tourism News reported that the government was aiming to boost the country's tourist industry, since it was highly lucrative for the national economy....
Friday, October 19, 2007

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Bulgaria popular 'for the whole year'

Bulgaria is a popular holiday destination for consumers all year round, according to an expert.

Investment specialist Amar Sodhi stated that the eastern European country offers attractions to both winter and summer holidaymakers, meaning that rental accommodation is in continuous demand....
Friday, October 19, 2007

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New flights set to boost demand for Turkish property

Demand for property in a popular Turkish holiday destination is set to increase following the introduction of new flights to the area.

British Airways will begin offering passage to Antalya next year in order to satisfy demand from holidaymakers....
Friday, October 19, 2007

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Eastern Europe 'boosted by EU membership'

The economies of many eastern European countries have been boosted by EU membership, experts have stated.

Indian travel website MakeMy Trip said that entering the EU had triggered a new period of economic growth in the region....
Thursday, October 18, 2007

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Easy buying process 'draws investors to Turkey'

The uncomplicated system of buying property in Turkey is one of the main reasons for its appeal to foreign buyers, a media outlet has stated.

Today's Zaman attributed the popularity of the country to overseas property investors to the ease with which people were able to buy a house....
Thursday, October 18, 2007

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Improved accessibility 'draws investors to Calabria'

Overseas property investors are increasingly looking at the south of Italy because of the improved accessibility of the region, it has been reported.

The growth of budget aviation was said to be one of the main factors behind its recent emergence as a hotspot for foreign property buyers....
Thursday, October 18, 2007

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New winter flights to Spain announced

Overseas property investors with homes in Spain could benefit from new winter flights announced by Clickair.

The budget airline is to operate routes from Edinburgh to Barcelona throughout the winter period after the success of a summer trial, the Scotsman reports....
Wednesday, October 17, 2007

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Long-haul flights opening up new destinations

More flights to new long-haul destinations such as New Zealand and China are boosting the number of British offshore retirees, it is claimed.

The over-50s could represent a profitable market for investors through holiday homes as Saga revealed that long-haul destinations remain popular among the age group....
Wednesday, October 17, 2007

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Andalusia records increased visitor numbers

The number of tourists visiting the Spanish province of Andalusia this year is higher than in 2006, according to new figures.

Vice president Gaspar Zarrias was quoted by the Indo-Asian News Service as saying that more visitors had arrived between January and September than in the whole of 2006....
Tuesday, October 16, 2007

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Demand for Turkish holidays 'set to grow'

Demand among German consumers for holidays in Turkey is set to increase, an expert has predicted.

Huseyin Baraner, chairman of the Europe-Turkey Tourism Business Council, said the country would become popular among Germans as a result of a new marketing campaign, reports the Turkish Daily News....
Tuesday, October 16, 2007

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Christmas tourism 'could benefit investors'

Overseas property investors in countries such as Bulgaria could benefit from increased tourism at Christmas.

According to the Association of British Travel Agents (ABTA), many people are travelling to eastern Europe in order to do their Christmas shopping....
Tuesday, October 16, 2007

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Turkish planning restrictions 'good for investors'

Overseas buyers in Turkey are likely to benefit if new planning restrictions are introduced, according to one company.

Nirvana International said that plans to impose restrictions on new property developments would be good for investors as they would be less likely to buy in an overdeveloped area....
Monday, October 15, 2007

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Brazilian property market set for boost

The appeal of a popular Brazilian city could be broadened as soon as a new airport is opened, a report has said.

According to UK newspaper the Telegraph, the world's fourth-largest international airport is to be built in the Natal area, complementing the existing portal nearby....
Monday, October 15, 2007

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Celebrities line up to promote Algarve

A number of Portuguese celebrities are in negotiations to participate in a new drive to boost the country's tourist trade.

According to the Portugal Resident, football manager Jose Mourinho is one of the people who is expected to be unveiled as one of the faces of the government campaign....
Monday, October 15, 2007

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Turkey 'attracting new visitors'

Leading tour operators in Turkey have predicted a surge in the number of visitors from Russia and the Ukraine.

New figures from the country's ministry of culture and tourism show that it attracted one million Russians and Ukrainians throughout the first half of the year, reports the Turkish Daily News....
Friday, October 12, 2007

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Mediterranean lifestyle 'best in Europe'

People living in countries such as Spain and Italy enjoy the best quality of life in Europe, according to a new study.

The Typically Spanish website cited research by the Academy of Healthy Ageing which showed that the two countries had the highest life expectancies in the whole continent....
Friday, October 12, 2007

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Southern Italy 'has investment opportunities'

A province in the south of Italy has been recommended as a good market for overseas property investors.

The Mayo Advertiser stated that Calabria would be a good purchase because properties by the coast were reasonably priced....
Friday, October 12, 2007

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Spain 'still appeals to foreign buyers'

Spain is still proving to be a highly popular destination among overseas property investors, according to new research.

A poll of prospective buyers by Country Life magazine found that more than one in ten respondents were thinking of entering the Spanish property market....
Thursday, October 11, 2007

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Expats in Portugal 'able to commute to Britain'

A British couple have spoken of their lifestyle decision to move to Portugal but remain employed in the UK.

Jo Wheeler and Richard Edwards said they felt life was becoming more stressful in the UK, prompting them to consider purchasing an overseas property and moving abroad....
Thursday, October 11, 2007

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Budget Cyprus flights 'creates opportunities for investors'

The launch of new direct flights to Cyprus could create new investment opportunities on the island.

Budget airline Flyglobespan has just announced the imminent launch of a direct service to the Paphos Airport, which could lead to an increase in the number of tourists flying to the destination....
Thursday, October 11, 2007

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Brazil investors 'could benefit from tourism promotion'

A new marketing campaign could potentially boost the success of overseas property investments in Brazil.

According to Brand Week, people from the US account for the second-largest group of tourists visiting the country....
Wednesday, October 10, 2007

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Cape Verde 'benefits from tourism'

The west African archipelago of Cape Verde is strongly benefiting from the growth of tourism, the country's prime minister has said.

Jose Maria Neves stated that during every year since 2002, the islands' economy grew at a rate of about 20 per cent, reports Travel Daily News....
Wednesday, October 10, 2007

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Rental accommodation 'needs broad appeal'

Overseas investors should make their property appealing to a broad range of people, according to an expert.

Amanda Lamb, presenter of Channel 4's A Place in the Sun, said that practical issues such as decoration and transport links had to be considered by buyers....
Wednesday, October 10, 2007

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Tourists 'drawn to Turkey's cultural attractions'

Visitors to Turkey are increasingly choosing to look at the country's cultural and historical attractions, according to a newspaper.

The Southeast European Times said that places such as Istanbul were seeing a large influx of tourists going to places of cultural significance, such as museums, churches and palaces....
Tuesday, October 09, 2007

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Egypt records increase in visitor numbers

The number of people choosing to take their holidays in Egypt has gone up this year, according to new figures.

Official figures cited by state news agency Mena showed that tourist numbers rose to 9....
Tuesday, October 09, 2007

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More cheap flights to France announced

An increased number of people are set to take cheap flights to France with the launch of new flights.

Low-cost carrier easyJet has announced that five additional aircraft will be based at Paris Charles de Gaulle and Lyon airports, enabling it to run a total of 13 services to France....
Monday, October 08, 2007

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Holiday homes 'used to make money'

Many holiday home owners are also using their property for investment purposes, an expert has said.

Paul Collins, overseas property editor of the BuyAssociation website, said that people used to buy property in other countries either for personal use or to generate wealth....
Monday, October 08, 2007

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Spain 'appeals to prospective investors'

Spain is still a highly rated market among those who are planning to invest in foreign property, a new poll has found.

Research by Yorkshire Bank found that most the property being purchased in other countries was located in Spanish regions such as the Costa del Sol and Costa Blanca....
Monday, October 08, 2007

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Calabria's natural beauty praised

An emerging property hotspot in Italy has been praised by an educational institution based in the region.

Piccola Universita Italiana highlighted the natural beauty of the province of Calabria, an area which has become highly popular with overseas property investors in recent months....
Friday, October 05, 2007

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More tourists set to visit Romania

The popularity of Romania as a holiday destination is set to increase in the next few years, an airline has predicted.

Low-cost carrier Wizz Air said the country offered a range of attractions to visitors, potentially making it one of the most popular tourist destinations in Europe

Natasa Kazmer, the airline's head of corporate communications and public affairs, commented: "It has a booming capital, picturesque countryside and the beautiful beaches of the Black Sea....
Friday, October 05, 2007

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Cheaper countries 'popular with Britons'

Many Britons want to enjoy a cheaper cost of living in foreign destinations such as Spain, a new poll has found.

Currency specialist HiFX said that expenses such as mortgage repayments in the UK were leaving many financially stretched....
Thursday, October 04, 2007

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Tourist numbers 'set to surge at Christmas'

Many Britons are considering taking a short break overseas during the festive season, according to a poll.

A survey by Kayak.co.uk found that 75 per cent of people in the UK were thinking of visiting another country at Christmas, ideally a hot and sunny location....
Thursday, October 04, 2007

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Foreign property income 'can supplement pension funds'

Returns from foreign property investments are being used by some to fund their retirement, experts have stated.

Investment specialist Scottish Widows said that many people saw traditional pension schemes as "a bit risky", prompting them to seek alternative sources of revenue....
Thursday, October 04, 2007

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Foreign buyers 'entering Romanian market'

Overseas property buyers from different countries are increasingly choosing to enter the Romanian market, an expert has said.

Real estate lawyer Anthony Raftopol stated that investors from countries such as the UK and Germany were buying in the country to cash in on its current property boom....
Wednesday, October 03, 2007

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Older expats 'could be missing out on benefits'

Older Britons who have opted to retire abroad may be missing out on money they are entitled to claim, experts have warned.

Bank of Scotland International stated that state pensioners over the age of 60 were eligible to claim winter fuel allowances, even if they lived outside of the UK....
Wednesday, October 03, 2007

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Britons 'generating wealth in foreign property markets'

Overseas properties are bought by Britons in an attempt to generate enough wealth to purchase in the UK, according to experts.

Advice website FirstRungNow.com stated that cheap properties in places such as eastern Europe were being snapped up by first-time buyers because they were more affordable than those in Britain....
Tuesday, October 02, 2007

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Growing number of investors 'looking at Brazil'

Overseas property investors are increasingly choosing to look at entering the Brazilian market, experts have said.

Independent analysis group Amberlamb said the media had triggered a surge in the level of interest in the country by promoting it as a good investment....
Tuesday, October 02, 2007

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Sofia 'is a cheap capital city'

Investors who hope to snap up properties in a major European city have been advised to look at the Bulgarian capital Sofia.

Research by ERA stated that the city was the cheapest capital in Europe, meaning that foreign property buyers could look there for relative bargains....
Monday, October 01, 2007

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Spain and France 'popular with younger people'

Spain and France are both highly popular destinations among younger people, according to an expert.

Mike Jones, business development director at Bank of Scotland International, stated that four in ten Britons were interested in buying property abroad, while these two countries were among the most highly sought-after....
Monday, October 01, 2007

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Rental investors 'could do well in Cyprus'

Overseas property investors have been urged to consider the potential for earning strong rental income in Cyprus.

Property writer Mark Dale said the Mediterranean island was an ideal location for investors in rental accommodation, as there was continuous demand from tenants....
Monday, October 01, 2007

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