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International Property NewsProperty News and Real Estate Articles for March 2006Welcome 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. Sharpes smart moveFriday, March 31, 2006  Read the full article on Hiperprop.com
Sipps U-turnGordon Brown’s decision to exclude residential property and other “exotic” investments such as fine wines and stamps from self-invested personal pensions (Sipps) was an electrifying moment in an otherwise unexciting pre-budget report. In what must be a record for any government – closing a loophole before it has even been opened – the chancellor put a block on what many savers saw as one of th...Friday, March 31, 2006 Read the full article on Hiperprop.com
Europes property prices to plunge in 2006Holiday home prices in some areas of Europe could drop by ten per cent or more in 2006, predict European real estate specialists Tribune Properties. 2005 saw the first signs of a property slow down, and even the reverse of sharp gains in holiday home prices over recent years in Spain and Portugal. With owners unable to sell their property likely to drop their asking prices in 2006 to secure...Friday, March 31, 2006 Read the full article on Hiperprop.com
Reprieve for land-grab BritonsParliament offers fresh hope to residents in Spain forced to pay for unwanted local infrastructure LEONARD DEACON wakes up in the middle of the night with only one thought on his mind: the so-called “land-grab law”, which threatens to rob him of his dream retirement home in Spain. Under the law, Mr Deacon and his wife, Tessa, face paying a €55,000 (£37,000) bill for “infrastructure” tha...Friday, March 31, 2006 Read the full article on Hiperprop.com
GibraltarTHE rock of Gibraltar, one of the Pillars of Hercules in Greek mythology, has been instantly recognizable for thousands of years. But driving west in Andalusia along Spain's new coastal expressway, the A7, not a single road sign mentions the British territory of Gibraltar. You just have to figure out when to exit the highway (at La Línea de la Concepción, the Spanish city at the foot of the rock)....Friday, March 31, 2006 Read the full article on Hiperprop.com
Marbella Mechanics Reality ShowReality TV is here to stay, and the high priests of the format, Endemol, who brought us Big Brother and Space Cadets, are set to serve up another fatuous dose of reality TV next month. This time, mechanics are the target in a six-part factual entertainment series named The Garage'. Their press release explains: "English Mobile Mechanics is located in down-town Marbella and is run by Jock, a ...Friday, March 31, 2006 Read the full article on Hiperprop.com
Spain told to reform land grab lawsEuropean MPs have told Spain to amend its ‘land grab’ laws. Voting by 550 to 45, with 25 abstentions, the European Parliament adopted a report on the Valencian Land Law inviting competent authorities ’to remedy the problems that have arisen under the present legislation with respect to those aspects of the protection of property rights which raise questions of human and fundamental rights’. ...Friday, March 31, 2006 Read the full article on Hiperprop.com
Spanish sun lures Swiss pensionersOlder Swiss are increasingly looking abroad for a place to retire. Social geographer Andreas Huber tells swissinfo why Spain's Costa Blanca is so popular. The coastal area has a similar appeal to Switzerland's southern Ticino region. But it also has some drawbacks: an unrelenting construction boom, rubbish mountains and water shortages. As part of a research project, Huber spent 15 months...Friday, March 31, 2006 Read the full article on Hiperprop.com
From dream home in the sun to pile of rubble: how Costa boom turned sourBritons seeking a place to retire to are falling victim to developers said to be building without permission From the roof terrace of what was meant to be her dream retirement home in Spain, Lynn Mail looks out on to the Mediterranean across groves of date palms, lemons, oranges, pomegranates and olive trees. But she also has a ringside view of the rubble left after the people from Elche town...Friday, March 31, 2006 Read the full article on Hiperprop.com
Marbella building licence income down by 60 per centThe 17 million euros collected for these licences and construction work in 2002 is now down to 7.1 million The tricky town planning situation in Marbella, where there is, as yet, no new master town plan and control over this area of town life is being removed from the council by the Andalusian Government (to take effect before next summer), may well be making a big difference to the municipal ...Friday, March 31, 2006 Read the full article on Hiperprop.com
Price increases for the New YearThe New Year has brought with it price increases in natural gas and electricity, a government decision which has been slated by consumers organisations. They say that the increase is ‘abusive,’ particularly the decision to penalise households who use what the government considers an ‘excessive’ amount of energy which, they say, takes no consideration of geographic criteria or the number of peop...Friday, March 31, 2006 Read the full article on Hiperprop.com
Where should you consider when buying abroad?Our top tips, whether you want a holiday home or an investment Will 2006 be the year you finally take the plunge and buy a property abroad? If the answer's yes then you certainly won't be alone. An estimated 80,000 Britons are expected to splash out on a second home over the coming months. And while most will be used for holidays and short breaks, an increasing number will be bought as long-...Friday, March 31, 2006 Read the full article on Hiperprop.com
Marbella Investment AnnouncedNew Territorial Plan for the Western Costa del Sol presented in Marbella The President of the Junta de Andalucia, Manuel Chaves, has today announced in Marbella the new Territorial Plan for the Western Costa del Sol. The plan envisages an investment of 4.3 billion € on the coast over the next 15 years. The main project will be the new coastal railway line. Chaves presented the plan this mornin...Friday, March 31, 2006 Read the full article on Hiperprop.com
Braving the new CostaForget its old reputation, parts of the Costa Brava are a good bet, says Chris Wilson The Costa Brava is not what it was in the early 1970s. Watney’s Red Barrel has long been retired as a brand and there is a much greater awareness of the harmful effects of the sun, although mass tourism still blights some parts of the coastline. The resorts of Lloret and Tossa de Mar remain magnets for fu...Friday, March 31, 2006 Read the full article on Hiperprop.com
Find a good home for holiday moneyIf you escape often to your second home in the Loire Valley or enjoy spending August sipping sherry at tapas bars off the Plaza Mayor, you might want to consider setting aside some euros ahead of time to finance your excursions. The tough part is working out the best way to maximise the spending power of your hard-earned sterling. One option is to open a current account with one of the local ba...Friday, March 31, 2006 Read the full article on Hiperprop.com
Transparency returns to Spanish property marketWhile Spain has long been a favourite destination for UK residents looking to invest in property, there have always been reservations about some of the less reasonable land laws. While capital appreciation on Spanish property has been essentially unrivalled across Europe for ten years or more, individual cases seem to emerge sporadically in which investors are found to have lost money on the ba...Friday, March 31, 2006 Read the full article on Hiperprop.com
Ups and downs of currency servicesMOVING to Spain? Imagine saving a four-figure sum on costs before you even set foot in your dream home on the Costa de la Luz. That is the prospect held out by the myriad money brokers who have sprung up in recent years to service the hordes of British people emigrating from these frostbitten shores. The sales pitch is enticing. Specialist providers can obtain the keenest rates while provid...Friday, March 31, 2006 Read the full article on Hiperprop.com
Spanish villas and semis increasing in popularityNorwich & Peterborough survey shows Spanish villas and semis increasing in popularity – but apartments are still tops. Although most Brits still opt for an apartment when buying a home in Spain with a mortgage from Norwich and Peterborough Building Society (N&P), the popularity of detached and semi-detached villas rose slightly, whilst the number of people buying apartments and terraced propert...Friday, March 31, 2006 Read the full article on Hiperprop.com
Sleeping soundly on the CostasAs reports of burglars using knock-out gas on sleeping homeowners abound, security steps are essential to combat crime on the coast One morning last month, Steven Euesden and his wife, Michel, woke up to find that they had been burgled. As they slept, small but expensive items such as laptops and digital cameras had been taken from their Puerto Banus home on the Costa del Sol. The Euesdens, who...Friday, March 31, 2006 Read the full article on Hiperprop.com
France and Spain top with overseas property buyersFrance and Spain remain the most popular choice for overseas property buyers, according to a new survey. This is because the majority of British overseas property buyers are 'traditionalists' who see their overseas purchase either as a holiday home or somewhere to retire to. Foreign currency specialist HIFX reports that France and Spain made up almost half (43 per cent) of all its currency transac...Friday, March 31, 2006 Read the full article on Kyero.com
Expected boom in Cyprus Property for 2006-2008After EU accession, Cyprus is no longer just another tourist destination offering sandy beaches and fun. It’s becoming the home, work place, business destination, retirement place for more than half a billion people coming from all over Europe.Friday, March 31, 2006 Read the full article on Cyprus-Online.com
Cutting the Cost of Air TravelWondering how you are going to get to your holiday home without breaking the bank? A new website, Flycheapo.com, could have the answer. The idea is so simple that it is surprising that no one else thought of it before, especially, since, as a rule, these airlines do not feature on other sites such as Expedia. which tend to confine themselves to the traditional carriers. All you do is punch in th...Thursday, March 30, 2006 Read the full article on Kyero.com
Bulgarian Property Investment Fund Floats £23m Shares in LondonA major investment consortium, having invested successfully in the Bulgarian market, floats its investments on the London Stock Exchange.Thursday, March 30, 2006 Read the full article on Sofia News Agency
EU, Cape Verde display different interests in integrationCape Verde during the last few years has stated its interest in becoming an associated member of the European Union (EU), a proposal that is listened to seriously in several European countries.Thursday, March 30, 2006 Read the full article on www.afrol.com
Spanish property market news this weekCatalonia to oblige estate agents to registerEl Pais reported that there are still some instances of individuals who buy and sell properties in Spain without being affiliated to any professional institutions, or even officially registered. The Catalonian government is looking at changing this by focusing on the property industry and imposing a law which will require all agents to subscribe to an o...Wednesday, March 29, 2006 Read the full article on Kyero.com
Spanish property "cools" after peak yearSpain 'cools' after last year's property prices peak and it switches to a buyers' market for the first time in seven years...Tuesday, March 28, 2006 Read the full article on PropertyinSpain.net
Bulgaria Leader in Real Estate YieldsLatest figures released show that Bulgaria has catapulted to the top of the Yield Return investment destinations chart, ahead of long time leader Cyprus.Tuesday, March 28, 2006 Read the full article on Sofia News Agency
Debts will turn family homes into anthillsRising debts and poor pensions will lead to a new kind of "anthill" family, with many generations living and working together, a report said yesterday."Anthill" households will lead to parents and grown up children pooling mortgages, bills and even pensions so that everyone can retire with a comfortable income. The report, by trend forecasters The Future Laboratory, suggests that families will dea...Tuesday, March 28, 2006 Read the full article on Kyero.com
UK property news this weekHouse Buyers 'Making Sacrifices'Britons are taking on extra jobs or cancelling holidays to be able to buy their first home, a survey suggests. The research, carried out by broker Purely Mortgages, also claims more than a quarter of people are entering the property market without a deposit. It said one-in-five first-time buyers cut back on holidays, 11% took on extra work and 5% delayed starting a ...Monday, March 27, 2006 Read the full article on Kyero.com
Morocco's King launches construction works of Marina de Casablanca to help boost tourismHM King Mohammed VI launched on Monday in Casablanca the construction works of the pleasure port Marina de Casablanca (Casablanca Marina) and presided the signing ceremony of three conventions related to the programme of regional tourism development of Casablanca.Monday, March 27, 2006 Read the full article on Morocco Times
It Pays to Ponder Pension TransfersExpatriates considering transferring their pension rights from the UK to their country of residence should seek specialist advice as this is not a simple decision.It may be possible to transfer pension arrangements built up in the UK. Whether it is wise to do so depends on the type of scheme, country you are living in and should be considered in light of your personal situation. Advantages include...Friday, March 24, 2006 Read the full article on Kyero.com
Baby-boomers set to push UK property marketIt has been claimed that the UK's property market is set to benefit from an explosion in interest from baby-boomers.According to new research carried out by Prudential and Datamonitor, the post-war generation who were born and grew up in the aftermath of the Second World War are about to start looking for the best retirement packages, with second homes high on their list of priorities.The study di...Thursday, March 23, 2006 Read the full article on Kyero.com
Brit buyers shrug off Euro mortgage riseThe orderly queue of British buyers for a holiday home in Spain isn't likely to shorten after the latest Euribor interest rate increase now they can co-own legally with the newly launched Libertad tax break plan...Tuesday, March 21, 2006 Read the full article on PropertyinSpain.net
Offplan tax break homes in Spain from £32,0001,000s of British buyers are being offered the chance of new homes across Spain with tax allowances and co-ownership options as the Libertad revolution gets underway...Wednesday, March 15, 2006 Read the full article on PropertyinSpain.net
Villas for £44,000 as co-ownership hits MallorcaMajorca has become one of the hottest places to invest for sunbelt homes and the property market is about to surge as PropertyInSpain.Net launch their Libertad co-ownership on the favourite holiday island...Thursday, March 09, 2006 Read the full article on PropertyinSpain.net
Funky Cool MedinaTaking shape on Morocco’s Mediterranean coast is the first of six major new resort developments that form part of the Plan d’AzurMonday, March 06, 2006  Read the full article >>
Easyjet wings into MoroccoEasyjet has announced what it claims is its most significant expansion for two years after launching new routes to Marrakech, Istanbul and Croatia’s third largest city, Rijeka.Monday, March 06, 2006 Read the full article >>
Rocking the CasbahSomething strange is stirring in the deserts of North Africa. On scrubby ground outside the Moroccan city of Marrakech, plots are being fenced off and hundreds of thousands of dollars are changing hands for non-descript strips of red brown soil.Monday, March 06, 2006 Read the full article >>
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