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International Property NewsProperty News and Real Estate Articles for February 2008Welcome to the Propertyshowrooms.com International Property News section. Click on the title of any of the news articles below to read the article. For media professionals please go to our Media Section for information and statistics on overseas property and the real estate industry in general. Competition mounts in Euro property market
The European property market is facing increased competition from some emerging property hotspots in other parts of the world.The International Herald Tribune reports that countries in Africa and South America are attracting higher levels of interest from foreign property investors.... Friday, February 29, 2008  Read the full article >>
Investment opportunities in Spain 'are Tene-rife'Opportunities for those looking to invest in the Spanish property market are rife in Tenerife where strong tourist numbers and internal population growth are fuelling demand for rental accommodation.This is the view of Tenerife Property Shop, which told the Tenerife News that it was seeing a large increase in the number of buy to let investors purchasing property on the Canary island.... Friday, February 29, 2008 Read the full article >>
US property warning issuedProperty owners in Florida are being warned that they must apply for portability of their Save Our Homes tax benefits before March 3rd or risk losing out.Homeowners who sold a property in 2007 and bought a new one before January 1st 2008 are able to avoid large tax penalties under the Save Our Homes law, which prevents tax assessments on homestead properties from rising too quickly.... Friday, February 29, 2008 Read the full article >>
Attraction of Italian property investment highlightedItaly's beautiful countryside and stylish Mediterranean beach resorts make it an attractive place for property investment, according to NuWire Investor.The real estate news provider claims the country offers a great deal for travellers around the globe, which is good news for investors looking to take advantage of tourist demand.... Thursday, February 28, 2008 Read the full article >>
Overseas property 'eyed by Britons'Increasing numbers of Britons are eyeing up property investment opportunities abroad as they look to indulge in some cheaper, sunnier, stress-free living.Research conducted by Foreign Currency Direct shows that ten million UK people are looking to buy a property in another country, such as Spain, in the next year and four million of these would like to live in their overseas home permanently.... Thursday, February 28, 2008 Read the full article >>
Opportunities for Bulgarian property investment 'still exist'It may have been an international property hotspot for some time but opportunities still exist for savvy investors in the Bulgarian market.According to industry experts a number of high-end projects are being planned in the country, which is expected to attract a new wave of investment.... Thursday, February 28, 2008 Read the full article >>
Property price rises recorded in AustraliaProperty prices down under have continued to rise as a result of strong buyer demand, according to figures from the Real Estate Institute of Australia (REIA).During the last quarter of 2007 the cost of a home rose in all the country's capital cities except Perth, with the average price exceeding AUD 450,000 in four out of the eight.... Thursday, February 28, 2008 Read the full article >>
Cape Verde's competitiveness 'to be increased'Cape Verde's competitiveness could be in for a boost following the launch of a new scheme, which may interest those considering overseas property investment in the country.Macauhub reports that the United Nations Industrial Development Program has established the Quality for West Africa programme in order to integrate Cape Verde into the world economy.... Wednesday, February 27, 2008 Read the full article >>
'More people' interested in Turkish real estateUK investors and holidaymakers are showing more interest in Turkey, according to a report.Money spent by foreigners buying into the Turkish real estate market exceeded $10 billion (about £5 billion) between 2003 and 2007, according to figures published by Today's Zaman.... Wednesday, February 27, 2008 Read the full article >>
Global crunch 'will leave Brazil unaffected'The effects of the global credit crunch will not impact on Brazil's economy, according to one commentator.Regis Abreu, an asset manager at Rio de Janeiro's Mercatto Gestao de Recursos, told Bloomberg that the country will continue to see "robust earnings growth" despite the slowdown that has been prompted by the implosion of the US's sub-prime mortgage market.... Tuesday, February 26, 2008 Read the full article >>
Portugal offers alternative year-round returnsBuying property in Portugal can offer an investor returns over the entire year, according to the director of shelteroffshore.com.Rhiannon Williams, director of the overseas property website, states that in addition to tourism rental revenue streams, Portugal also offers out of season opportunities.... Tuesday, February 26, 2008 Read the full article >>
European property market assessed in new surveyThe potential of the European property market has been highlighted by a recent study.Carried out by investment company David Stanley Redfern, the report acknowledges that investment is now being undertaken across the globe.... Tuesday, February 26, 2008 Read the full article >>
Australian firm confident in property prospectsOnline real estate media firm REA Group has seen an upturn in fortunes in Australia, suggesting the property market down under remains fighting fit.The country has experienced some problems in the property market, with Sydney said to be in recovery phase at present, but a number of areas have continued to experience growth.... Monday, February 25, 2008 Read the full article >>
Thailand upgrades economic forecastThailand's economy appears to be in good health following a move from the country's National Economic and Social Development Board (NESDB) to revise its growth estimates for the year upwards.The NESDB said that it had changed its initial predictions of four to five per cent to 4.... Monday, February 25, 2008 Read the full article >>
French property market shrugs off sub-primeThe French property market is shrugging of the effects of the much-feared credit crunch, say experts.Amid wider concerns in the European financial markets and indications that the property sector will feel the knock-on effect of less readily available credit, France has so far shown no signs of feeling the pinch, according to a leading independent financial services group.... Monday, February 25, 2008 Read the full article >>
Britons travelling further afieldA number of factors are currently drawing people from the UK outside Europe and further afield, an expert has revealed.Francesca Ecsery of Cheapflights.co.uk told Travel Trade Gazette that exposure to other cultures was tempting Britons to explore different countries first-hand.... Friday, February 22, 2008 Read the full article >>
Second home buyers encouraged to buy in SpainProspective investors in foreign property are to be encouraged to purchase a residence in Spain.Budget carrier Monarch Airlines offers many flights to the established European market and will promote the country to people who are considering buying a home overseas.... Friday, February 22, 2008 Read the full article >>
Bulgaria attracts foreign investorsOverseas property investors are continuing to find Bulgaria an appealing location, according to an expert.Martin Gikov from UniCredit Bulbank told a national media outlet that the eastern European country was highly popular with foreign property buyers.... Thursday, February 21, 2008 Read the full article >>
British graduates boost careers overseasPeople from the UK are increasingly choosing to pursue their careers overseas, a new study has revealed.The Organisation of Economic Co-operation and Development (OECD) said that Britons now had more opportunities than ever to work abroad.... Thursday, February 21, 2008 Read the full article >>
France praised by British property buyerA second home buyer from the UK has spoken positively about his decision to invest in France.Greg Dawson, from Guildford in Surrey, told the Telegraph that the property-buying process was stress-free and only took about 12 weeks.... Thursday, February 21, 2008 Read the full article >>
Morocco investors buoyed by government reformsGovernment moves to boost the economy in Morocco could make it more attractive to overseas property buyers, experts have suggested.According to Amberlamb, authorities are aiming to make the economy more resilient by making it less dependent on industries such as agriculture.... Wednesday, February 20, 2008 Read the full article >>
Italy attracts Austrian visitorsHolidaymakers from Austria are increasingly choosing to visit Italy, according to new research.A study by IFT found that the European country attracted 14 per cent of Austrian leisure travellers in 2007, Weiner Zeitung reports.... Wednesday, February 20, 2008 Read the full article >>
Mediterranean investors set for possible windfallOwners of property along the Mediterranean coast could be set to see significant capital growth, according to specialists.The Foreign Property Buyer website stated that several countries have recently pledged to restrict the rate of building in the area.... Tuesday, February 19, 2008 Read the full article >>
Australia to attract more visitorsRental investors in Australia could be set to benefit from a surge in tourist numbers this year, new research has suggested.A poll by marketing firm The Network found that almost one in five independent travel agents in the UK were expecting the country to attract more visitors in 2008.... Tuesday, February 19, 2008 Read the full article >>
Expats urged to learn languageBritons who are planning to move abroad have been advised to consider learning the language of their new home.Amanda Lamb, presenter of Channel 4's overseas property show A Place in the Sun, said that familiarity with the native tongue could have a positive impact on expatriates' lives.... Tuesday, February 19, 2008 Read the full article >>
Brazilian government delegation visits ChinaA delegation from the Brazilian government has left for China as part of its preparations for the 2014 World Cup.Representatives of Brazil are heading to the Asian country in order to see how it is dealing with the task of preparing for a major international sporting event.... Monday, February 18, 2008 Read the full article >>
Tourism boosts Turkish investment potentialTurkey's growing popularity among holidaymakers could be helping to drive growth in its housing market, according to experts.Independent analysts at Amberlamb said the country was likely to keep attracting more and more foreign leisure travellers during the next decade at least.... Monday, February 18, 2008 Read the full article >>
Spain popular despite market slowdownA recent drop in the rate of house price growth in Spain is not impacting on its appeal to foreign property investors, an expert has claimed.Richard Exton from Barclays stated that the European country was continuing to remain a popular option among property buyers from the UK.... Monday, February 18, 2008 Read the full article >>
Airline surprised by demand for Spanish flightsAn airline has expressed surprise with the level of interest surrounding its new Spanish service.Monarch Airlines began offering direct passage to Murcia from Manchester Airport earlier this month.... Friday, February 15, 2008 Read the full article >>
Brazil recommended to adventurous investorsPeople who want to invest in a less conventional market have been advised to consider purchasing in Brazil.The South American country was highlighted by the Foreign Property Website as a location that offered strong investment potential.... Friday, February 15, 2008 Read the full article >>
Traditional destinations 'dominate foreign property market'Overseas property buyers from the UK are still mainly opting to buy second homes in traditional European destinations, new figures have revealed.According to Holiday-Rentals, 31 per cent of British-owned holiday homes in Europe are located in Spain, while 27 per cent are in France.... Friday, February 15, 2008 Read the full article >>
Expats 'were unhappy at home'Britons who have moved overseas have highlighted their reasons for choosing to leave the country.Research by Alliance & Leicester found that the weather was a key motivation for 40 per cent of expatriates, while one in five people said they left because they were worried about rising crime.... Thursday, February 14, 2008 Read the full article >>
Investors should research market in advanceOverseas property investors have been advised to research their chosen market before they commit to a purchase.Paul Collins, editor of the BuyAssociation website, stated that high-growth markets such as Turkey were proving to be popular because house prices are increasing at a fast pace.... Thursday, February 14, 2008 Read the full article >>
Eurostar to boost French tourist tradeFrance's tourism sector is set to directly benefit from Eurostar's new rail link to Paris, according to experts.Travel company Thomas Cook believes that many British consumers will spend their Easter holidays taking city breaks in mainland Europe.... Thursday, February 14, 2008 Read the full article >>
Florida popular with Canadian touristsThe US state of Florida is proving to be highly popular with Canadian holidaymakers, according to a news website.Canada.com said that factors such as its reliability and value for money had made Florida an appealing destination for people from its neighbouring country.... Wednesday, February 13, 2008 Read the full article >>
France opened up to Ulster consumersConsumers in Northern Ireland will soon be able to benefit from increased access to France.Irish airline Aer Lingus confirmed that it will begin operating its services between Belfast and Paris at the end of next month.... Wednesday, February 13, 2008 Read the full article >>
Tourism official calls for more flights to TurkeyTurkey needs to be more easily accessible by air, according to one of the country's tourist officials.Timur Bayindir of the Turkish Hoteliers' Association (TUROB) told Today's Zaman that more flights were needed to boost the tourist sector.... Wednesday, February 13, 2008 Read the full article >>
Preparation 'Can Reduce Valentine's Rows'Couples who are going overseas for Valentine's Day may have a more successful trip if they prepare in advance, experts have advised.Teletext Holidays stated that a large number of people had fallen out with their partner during a romantic trip abroad.... Tuesday, February 12, 2008 Read the full article >>
Top Sports Star Recommends Egyptian PropertyA leading sports star has outlined his reasons for choosing to invest in the Egyptian property market.Top boxer Joe Calzaghe told the Western Mail that he had become more and more interested in buying foreign property since watching a television show on the topic three years ago.... Tuesday, February 12, 2008 Read the full article >>
Cyprus Tourism Trade Boosts Investment ProspectsDemand for rental accommodation in Cyprus is still high among tourists, recent comments have suggested.Thomas Cook said the country was still an attractive option for many British holidaymakers, as it is "as popular as ever".... Tuesday, February 12, 2008 Read the full article >>
Inland Murcia Attracts British Property BuyersA growing number of Britons are choosing to purchase property in the Spanish region of Murcia, particularly in inland areas. Official data showed that villages away from the coastline have been attracting more and more people from the UK in the last eight years, reports Homes Worldwide.Monday, February 11, 2008 Read the full article >>
Australia Sees Increase in Visitor NumbersInvestment prospects in Australia have received a boost from new figures highlighting an increase in visitor numbers.According to official data, about 5.6 million leisure travellers visited the country last year, reports TravelMole.... Monday, February 11, 2008 Read the full article >>
Better Transport Links 'Boosting Appeal of France'A national newspaper has speculated that recent improvements to the transport network could be drawing more Britons to France.The Independent stated that although tourism figures for 2007 had not yet been published, it was likely that the number of British visitors would exceed the amount recorded a year earlier.... Monday, February 11, 2008 Read the full article >>
Algarve Boom on TrackFor the last few years, many investment companies have been heavily promoting the Silver Coast of Portugal as the ‘next big thing’ and there are many indications today to prove these theories; however, the already popular Algarve is still holding its own…Friday, February 08, 2008 Read the full article >>
Australia Set to Attract British MigrantsMore and more Britons are likely to move to places such as Australia in the next few years, according to an expert.Paul Arthur of The Emigration Group said the antipodean country was proving to be highly popular as it has lower living costs than the UK.... Friday, February 08, 2008 Read the full article >>
Untapped Brazil 'offers investment opportunities'Property investors in the UK have been advised to purchase houses in largely untapped parts of Brazil.Independent analysts at Amberlamb stated that a growing number of holidaymakers were flocking to coastal parts of the country.... Friday, February 08, 2008 Read the full article >>
Spain attracts British retireesOlder people from the UK are increasingly choosing to set up home in Spain, an expert has revealed.Dave Isley, head of NatWest International Personal Banking, said the European country was a highly popular destination among this demographic.... Friday, February 08, 2008 Read the full article >>
Cyprus 'will be on the global tourism map'Owners of rental accommodation in Cyprus will be likely to welcome the government's latest comments on boosting the tourist sector.Cypriot president Tassos Papadopoulos said he wanted to increase efforts to promote the country as a holiday destination abroad, the Financial Mirror reports.... Thursday, February 07, 2008 Read the full article >>
Travel to Turkey in strong demandTurkey's popularity as a holiday destination has been highlighted by an international airline.British Midland Airways (bmi) said that it was facing more competition in this country than in any other location it serviced.... Thursday, February 07, 2008 Read the full article >>
Accessibility Boosts Italy's AppealGood transport links to Italy are helping to attract property investors to the country, an expert has stated.Fund management firm Pirelli RE Agency stated that the Italian market was proving to be a popular choice with British buyers because it was very easy to reach.... Thursday, February 07, 2008 Read the full article >>
Spain 'offers good quality of life'Spain offers a much better quality of life than the UK, one British expatriate has claimed.According to Ann Eagle, who now resides in the San Miguel area, her lifestyle has improved since she relocated from Britain.... Wednesday, February 06, 2008 Read the full article >>
Spain recommended to property buyersOverseas property investors have been advised to consider purchasing a house in the Spanish city of Huelva.The news that an international airport is to be created in Huelva has triggered lots of interest among prospective buyers, as it means it is likely to see a considerable increase in visitor numbers when the facility is up and running.... Wednesday, February 06, 2008 Read the full article >>
Influx of Spanish tourists good for investors in ItalyHoliday home owners in Italy may be likely to get higher returns from Spanish visitors in the near future.According to ANSA, the number of people from Spain taking breaks in Italy went up by three per cent last year to almost two million.... Tuesday, February 05, 2008 Read the full article >>
ECB praises Cyprus populationThe population of Cyprus has been praised by the European Central Bank (ECB) for coping well with the currency changeover.People on the Mediterranean island were said to have responded positively to the transition from the euro to the pound since the new currency entered circulation.... Tuesday, February 05, 2008 Read the full article >>
Investors advised to consider RomaniaRomania has been flagged up as a possible option for overseas property buyers to consider.Philip Groves, a Briton who is purchasing an apartment in the country, said it had several attractions for foreign investors.... Tuesday, February 05, 2008 Read the full article >>
Cape Verde tourist market is growingCape Verde's tourist market is set to see further growth in the near future, a specialist publication has reported.Jet-to-Let magazine stated that growing demand for holidays in the west African archipelago was prompting more and more airlines to introduce direct flights.... Monday, February 04, 2008 Read the full article >>
Turkey attracts interest from UK buyersOverseas property investors are increasingly choosing to buy homes in Turkey, an expat has revealed.Terry McFinney, from East Kilbride in Scotland, told the Sunday Mail that the country was "really becoming popular" with people from the UK.... Monday, February 04, 2008 Read the full article >>
New flights to boost Moroccan tourismOwners of property in Morocco could see a surge in demand for rental accommodation this year.This is due to the introduction of a new flight between Madrid and Tangiers by low-cost airline easyJet.... Monday, February 04, 2008 Read the full article >>
Britons Consider Moving to AustraliaAustralia is becoming an increasingly popular location among Britons who want to move abroad, according to new statistics.Figures from currency specialist HiFX showed that country was the subject of almost a quarter of the enquiries it received from would-be expatriates last year.... Friday, February 01, 2008 Read the full article >>
Non-Tourist Areas in Spain Recommended to InvestorsInvestors who want to buy a Spanish property have been advised to look away from the obvious tourist hotspots.Paul Collins from the BuyAssociation website stated that investment opportunities were available in different parts of the country.... Friday, February 01, 2008 Read the full article >>
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