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International Property NewsProperty News and Real Estate Articles for March 2007Welcome 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. Cape Verde highlighted as investment hotspot
A popular newspaper has highlighted a number of countries where Brits can buy a property for under £100,000, safe in the knowledge that their investment should rise "dramatically" in value....
Friday, March 30, 2007  Read the full article >>
Australian property 'still popular' with UK investorsAustralia is one the most popular countries when it comes to British investors looking to invest in overseas property, according to website BuyAssociation.Spokesman Paul Collins said that most people who choose Australia as an investment destination do so because they want to move there permanently or intend to manage their property from afar ? without ever seeing it.... Friday, March 30, 2007 Read the full article >>
Look to south-east Asia for new markets, buyers toldOvercrowding in China's property market has prompted overseas buyers to look to other countries in south-east Asia, according to Property Frontiers.Foreign buyers are increasingly looking to the likes of Thailand and Malaysia, which are dependant on the Chinese economy, but are not as restricted in terms of foreign investment.... Thursday, March 29, 2007 Read the full article >>
Fadesa a step closer to Plage Blanche development dealSpanish development group Fadesa has been selected by the Moroccan government in the last phase of a tender to build a resort at Plage Blanche, located in the province of Guelmim.Fadesa's proposed development involves creating hotel units and holiday villages, as well as leisure facilities, such as a golf course and shopping centre.... Thursday, March 29, 2007 Read the full article >>
Malaysia 'better choice than Thailand'British property buyers considering investing in south-east Asia might find they are better off choosing Malaysia rather than Thailand.This is the view of Marsha Lu, from Property Frontiers, who said that because of political instability in Thailand, investors may feel safer expanding their portfolios in neighbouring Malaysia.... Thursday, March 29, 2007 Read the full article >>
Take advantage of Malaysia, investors toldThe Malaysian government has been trying to overturn its reputation for not welcoming foreign investors, which was highlighted by the move to abolish capital gains tax on property, one expert has said....Wednesday, March 28, 2007 Read the full article >>
Act now 'to enjoy fruits of Calabria'British investors should seriously consider investing in Italy, especially the south of the country, according to an expert from Propertyshowrooms.com.The area of Calabria, in particular, is proving popular with buyers who are keen to capitalise on the popularity of beach destination Lamezia, which is easy to access thanks to cheap airlines like Ryanair, said spokesman Andy Welland.... Wednesday, March 28, 2007 Read the full article >>
Brazil highlighted as investment hotspotNewly developing markets such as Brazil are a good place for investors to make a profit, one expert has said.Investors should look to markets where demand for property outweighs supply, such as Brazil, according to Escapes2.... Tuesday, March 27, 2007 Read the full article >>
Malaysia set to enjoy foreign investmentThe prime minister of Malaysia's decision to scrap capital gains tax on property has not come as much of a surprise to experts, although it is still a welcome move, a news website has said.According to a report in New Straits Times, investors believe that a "dose of speculative activity" will boost Malaysia's flagging property market.... Tuesday, March 27, 2007 Read the full article >>
Malaysia to scrap capital gains taxMalaysia will scrap capital gains tax on property deals from April 1st, according to the country's prime minister.Abdullah Ahmad Badawi said the move would "inject more excitement and dynamism in both the property and financial sectors".... Tuesday, March 27, 2007 Read the full article >>
Consider luxury homes in Bulgaria, says expertOverseas luxury properties are becoming more attractive to British investors because they offer long-term profits, one expert believes.According to Charlie Lambourn Brown, exhibitions marketing manager for MRI Overseas Property, high-quality properties in countries such as Bulgaria appeal to future secondary and resale markets.... Monday, March 26, 2007 Read the full article >>
Bulgaria ranks high in global house price leagueBulgaria has been ranked sixth in a new global house price index, which measures the performance of 33 countries from around the world.According to UK property service company Knight Frank, Bulgaria saw 13 per cent growth in the last quarter of 2006.... Monday, March 26, 2007 Read the full article >>
Cape Verde 'a hit with UK investors'Cape Verde has witnessed "massive growth" in terms of property investment and accounts for a large proportion of business at overseas property brokers, according to Escapes2.com.One of the reasons the destination has become more popular with investors is the expansion of flight from the UK to the island of Sal, said spokesman Paul McMullen.... Friday, March 23, 2007 Read the full article >>
Apply early for NIE, investors in Spain toldBritish investors who are considering making a purchase in Spain should ensure they understand the importance of applying for a 'Numero de Identificacion de Extranjero' (NIE) ? an identification number for non-residents, Banco Halifax Hispania has said....Friday, March 23, 2007 Read the full article >>
Investment prospects 'improved by EU accession'The accession of eastern European countries, such as Bulgaria and Romania, to the EU has made them more attractive to British investors, according to a property expert.Kate Hamilton, spokesperson for property magazine Homes Overseas, said that joining the EU is a "positive" move for the likes of Bulgaria because it indicates a stable economy.... Thursday, March 22, 2007 Read the full article >>
Long-term investors 'could see results in Bulgaria'Capital growth in Bulgaria has risen by 17.3 per cent over the past year, according to a new survey by property investment group Assetz.The study reveals that much of the growth has occurred in minor locations where prices are catching up with the major tourist hotspots.... Thursday, March 22, 2007 Read the full article >>
Brazil yields higher profits 'due to greater risk'Foreign property investors can make a profit in emerging markets, such as Brazil, as well as established markets, if they plan their investment well, Property Frontiers has said.According to spokesperson Marsha Lu, no market is a bad market when it comes to investment if a buying strategy is worked out properly.... Wednesday, March 21, 2007 Read the full article >>
Egypt an 'emerging market' for investorsInvestors looking to make a healthy profit from overseas property investment should look to newly developing markets where demand outweighs supply, such as Egypt.This is the view of Adrian McDermott, managing director of Escapes2, who said that countries where the economy is expanding and the government welcomes foreign investment represent the best opportunities for buyers. Wednesday, March 21, 2007 Read the full article >>
Australia 'a popular investment hotspot'The popularity of overseas property TV programmes in the UK could be behind growing investment interest in the Australian market, a website has said.South Australia in particular is proving popular with investors because of its fine wines, festivals and hot weather, according to Landlord Expert.... Wednesday, March 21, 2007 Read the full article >>
'Spain a firm favourite with British investors'Spain is the jewel in the crown of overseas property investment, one expert has said.According to Darren Fretwell, head of UK sales at NatWest International, buying abroad is becoming an increasingly realistic option for Brits, with Spain proving to be a firm favourite.... Tuesday, March 20, 2007 Read the full article >>
Overseas property 'attractive to many Brits'A growing number of British investors of all ages are investigating the overseas property market, one expert has said.According to Adrian McDermott, managing director of Escapes2, rising house prices in the UK make the prospect of buying a cheap property in a foreign country more appealing to young people.... Tuesday, March 20, 2007 Read the full article >>
Investors more adventurous 'because of the media'Brits are increasingly confident about investing in property in countries as far away as Brazil or Thailand, the director of news provider Amberlamb has commented.Rhiannon Williamson said that because overseas property information is now available over internet, on the television and in print media, people are becoming more adventurous in the destinations they choose to invest in.... Monday, March 19, 2007 Read the full article >>
First-time buyers 'prefer European market'A new generation of first-time buyers are buying properties in Europe as a consequence of rising house prices in the UK, according to a Sunday newspaper.Overseas mortgage specialist Conti Financial Services told the Observer that there is growing trend for new buyers to shun the UK market and look overseas instead.... Monday, March 19, 2007 Read the full article >>
Egypt offers excellent returns, says expertThe property market in Egypt is expected to grow considerably over the next few years, one expert has said.According to Jeannette Bradbury, managing director of Egyptian Experience, overseas homes in Egypt are set to be a top property investment for UK investors.... Friday, March 16, 2007 Read the full article >>
Legalex opens new Saidia officeReal estate firm Legalex Group, formerly known as Medio y Heredia, has officially opened offices in Saidia, which is situated on the Mediterranean coast of northern Morocco.Friday, March 16, 2007 Read the full article >>
Manage Spanish property wisely 'for best returns'UK buyers who purchase properties in Spain and let them out to tourists or tenants are being urged to manage their investments more wisely.According to International Law Partnership, investors can expect to earn around five per cent of the value of their property each year if they are on top of their finances.... Thursday, March 15, 2007 Read the full article >>
EEAU issues Spanish planning permission warningProperty investors contemplating buying a house in Spain should do their homework before committing themselves, an industry body has advised.The European Estate Agents Union (EEAU) said that investors must make sure that their newly-acquired property has planning permission.... Thursday, March 15, 2007 Read the full article >>
Buy-to-let in Cyprus "a great venture"Cyprus has been named as one of this year's most exciting summer hotspots for property investors.According to Rightmove, Cyprus offers an "extraordinary quality of life" because of its Mediterranean climate and relatively inexpensive cost of living.... Thursday, March 15, 2007 Read the full article >>
Morocco to be 'a hit' with foreigners in 2007Morocco is set to be the top overseas summer hotspot this year, new research has revealed.According to Rightmove, Morocco is one of the fastest-growing destinations for both property investors and holidaymakers. Wednesday, March 14, 2007 Read the full article >>
'2007 is Bulgaria's time to shine'This year will be crunch time for the property market in Bulgaria, one expert has said.Paul Collins, the overseas property editor of BuyAssociation, said it will soon become clear whether those who have invested in Bulgaria will be able to make money from rental returns.<... Wednesday, March 14, 2007 Read the full article >>
Spain still an "evergreen" marketSpain has a "good, solid, evergreen" property market, despite high prices, the director of property advice site Amberlamb has said.According to Rhiannon Williamson, because Spain is so easily accessible and has "excellent" fundamentals, such as a stable economy, investors continue to be attracted to the country.<... Wednesday, March 14, 2007 Read the full article >>
Investors should not rule out Turkey, says expertTurkey has investment potential because of growth in property prices and soaring rental demand, one expert has said.According to the director of property news provider Amberlamb, buyers should not rule out Turkey, although there are some serious issues that should be considered.<... Tuesday, March 13, 2007 Read the full article >>
Bulgaria investors 'should use UK finance'Investors hoping to buy a property in Bulgaria should consider obtaining a mortgage in the UK in order to get a better rate, a property firm has stated.Knight International said that although it is possible to get a Bulgarian mortgage, it is not easy to find a competitively-priced deal.<... Tuesday, March 13, 2007 Read the full article >>
Spanish property market 'mature and stable'The property market in Spain is still a viable investment prospect and has matured in recent years, according to website BuyAssociation.Overseas property editor Paul Collins said that although "rampant speculation" in Spain has now subsided, the market is now more mature and stable.<... Tuesday, March 13, 2007 Read the full article >>
Investors 'boost pensions' with foreign propertyBritish investors are increasingly boosting their pension funds by purchasing property in countries such as Spain or France, a new report has found.According to research by Self-Catering-Breaks.c... Monday, March 12, 2007 Read the full article >>
'Thailand proving a hit with investors'Thailand is continuing to attract "shrewd investors", despite the havoc of the tsunami in December 2004, a property firm has said.In particular, the resort of Pattaya, southeast of Bangkok, is drawing in foreign buyers, because of its reputation as Asia's premier all-year-round beach resort, according to Principal International.<... Monday, March 12, 2007 Read the full article >>
'Look to Bulgaria for long-term returns'The Bulgarian property market is on the up and is similar to Spain's strong performance a decade ago, according to one expert.Jon Hill, director of Knight Frank International, has said that Bulgaria, particularly the capital of Sofia, is a good location for investors looking to make a long-term investment.<... Monday, March 12, 2007 Read the full article >>
Investor interest in Cyprus 'set to grow'Cyprus' transparent and regulated property legislation makes the EU state a good place for investors to purchase a property, a news website has said.Friday, March 09, 2007 Read the full article >>
UK investors 'will not abandon Spain'Spain is set to become the number one European destination for British investors, according to Spanish Property Insight.Spokesman Mark Stucklin said that despite recent reports of planning permission problems, there is no chance that people are going to desert Spain.<... Friday, March 09, 2007 Read the full article >>
Real estate in mature Europe market 'on the up'Overseas property investors should expect the more mature markets in Europe to perform strongly over the next few months, one expert has said.ING Real Estate said that increased transparency, liquidity and strong performance in recent years have meant that real estate has emerged as a widely accepted asset class.<... Thursday, March 08, 2007 Read the full article >>
Brits looking overseas for cheap homesA quarter of young Britons are considering buying a property in countries such as Spain or New Zealand, a new poll has revealed.According to a survey by National Savings and Investments (NS&I), 43 per cent of young people are contemplating buying a property in Spain, while 33 per cent are considering Australia or New Zealand.<... Thursday, March 08, 2007 Read the full article >>
HiFX: France still leads the way in overseas marketFrance remained the most popular location for Britons looking to buy abroad in January, according to one currency exchange firm.In its Global Property Hot Spots Report for January, HiFX revealed that 29 per cent of enquiries it received concerned France... Wednesday, March 07, 2007 Read the full article >>
Dubai investors 'should commit for long-term'Those considering investing in Dubai's property market should view their move as a long-term option, according to one industry expert.Rhiannon Williamson, the director of independent property publication Amberlamb ? said that although the local market's early "gold rush years" have come to an end, the emirate still offers "investor profit potential"... Tuesday, March 06, 2007 Read the full article >>
Propertyshowrooms.com Welcomes You to FrancePropertyshowrooms.com has added a tasty new French flavour to the site this month with the release of a full section on the property market in France.Tuesday, March 06, 2007 Read the full article >>
Spain prospers in real estate boomSpain enjoyed the highest increase in real estate turnover in Europe last year, a new report has revealed.According to property research firm Scenari Immobiliari, real estate turnover grew by eight per cent in 2006, compared with 3... Monday, March 05, 2007 Read the full article >>
Young looking to overseas property for first homeSoaring house prices in Britain have led to two in five young adults considering buying a property abroad, a new study has revealed.According to insurer Hiscox, almost 40 per cent of 18 to 24-year-olds are contemplating moving abroad as the only way to get onto the property ladder... Monday, March 05, 2007 Read the full article >>
Announcing Italy’s Best Kept SecretItaly's appeal to real estate connoisseurs seeking a classy product has always been strong over the years. Rocketing property prices in such favoured locations as Tuscany, the Lakes and some of Italy's stylish cities have been reserved for buyers with large wallets and a thirst for the cachet of all things distinctly Italian.Friday, March 02, 2007 Read the full article >>
Malaysia – The Property Investors' DarlingThe British love-affair with Malaysia runs deep. As a former British colony, Malaysia strikes a familiar chord with many a British visitor, while its sumptuous Asian charms seduce more international tourists each year – forecasts this year predict a record number of 20 million visitors to Malaysia, five million up from last year's figures.Friday, March 02, 2007 Read the full article >>
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