International Property News

TURKEY CONTINUES TO PLEASE

The sparkling coast of Turkey and beautiful surrounding countryside have long made Turkey a favourite holiday destination for many European tourists. Today, increasing numbers of property investors are choosing Turkey as their preferred location in which to purchase a holiday home. It is estimated that in excess of an amazing 21,000 properties have been sold within the past two years in the Aegean coastal areas of Fethiye, Bodrum, Didim and Altinkum. Purchasers are predominantly from The United Kingdom, Ireland, Germany and Holland. While Turkey steams on ahead with improvements to its infrastructure in readiness for joining the European Union, it fully intends to entice a good deal more foreign investment in the near future. The introduction of the overseas mortgage now available in Turkey is a timely addition to Turkey’s attraction as a great property investment location. This is the first time overseas mortgages have been on offer in Turkey and the move will doubtless enhance Turkey’s position on the property investment map, not to speak of further boosting its ever-growing tourist economy.
Wednesday, August 23, 2006

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Luxury Tourism for Morocco

King Mohammed VI last month chaired the signing ceremony of three conventions relating to the construction of new luxury tourism projects throughout Morocco at a budget of approximately MAD 23 billion (nearly USD 3 billion). The first convention was signed by Prime Minister, Driss Jettou, and will be launched in January 2007 for the development of the seaside resort of Taghazout at a cost of MAD 2.2 billion as well as the construction of other tourism projects, including the building of nine hotels and several luxury residential complexes, shopping centres and sports centres, at a budget of over MAD 10 billion. The second convention related to the creation of an integrated tourism project in the Marrakech region. The project, the first of its kind in the Kingdom, aims at building the project "Gateway to Morocco" on a surface of 380 hectares. It includes hotels, shopping centres, luxury tourism residences, golf courses and equestrian sports grounds. The third convention comprises the building of a tourism investment project in the Tangier region. With the second convention, these projects total a cost of approximately MAD 10 billion and aim at attracting tourists from Gulf countries. Needless to say, investors are watching these projects carefully with a view to timely investment within this ever-growing economy. The projects will inevitably allow the creation of thousands of jobs in the tourism-related sector as well as give a firm boost to the tourist economy in Morocco.
Tuesday, August 22, 2006

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Cape Verde to Build Largest Road on Archipelago

Last month, the government of Cape Verde announced its decision to launch an international tender for the construction of the archipelago’s largest road, the Fogo Island ring road.
Tuesday, August 22, 2006

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More Infrastructure Improvements in Bulgaria

Bulgaria's Dnevinik newspaper reports that a number of highways and all airports, excluding newly renovated Sofia Airport, are set to be modernized during the period between 2007 and 2013.
Tuesday, August 22, 2006

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Thumbs up for the Costa del Sol

News in today suggests that tourism in the Costa del Sol continues to boom. According to the tourist board, this month will see close to 80 per cent capacity, which is up on last year, making it one of the best years in the past decade. All indicators show the region is bouncing back with a vengeance. Today, many buy-to-let property owners in popular resorts are recording a bumper year with occupancy levels up to an encouraging 85 per cent. New statistics from the Spanish Ministry of Housing show that property values in Spain have risen by 10.8 per cent over the 12 months to the end of June. This represents a solid growth rate, be it much more sensible than some of the price rises we were seeing a while ago. The most sought after locations are still those that are close to the beach, near excellent amenities and in up-and-coming hotspots, though caution should be taken not to invest in areas with an oversupply of property.
Tuesday, August 22, 2006

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Les Grandes Villa's Launched

PropertyShowrooms.com are excited to announce the release of the latest and most luxurious of the Jardin de Fleur projects on Mediterrania Saidia; Les Grandes Villa’s.
Thursday, August 17, 2006

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Developments in Cape Verde Tourism

The tourism sector is now one of Cape Verde’s driving economic forces, having witnessed some impressive growth in recent years.
Thursday, August 10, 2006

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Thailand’s New Airport Soon to Open

With the imminent opening of Bangkok’s new Suvarnabhumi Airport in September 2006, Thailand is set to offer international investors an even more advanced transport infrastructure than at present.
Wednesday, August 09, 2006

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BULGARIA PROPERTY TREND

Bulgaria tops many lists when it comes to property investment and emerging markets. While the tourist trade is in full swing and many holiday operators are switching from markets like Spain and Portugal to cheaper locations like Bulgaria, buy-to-let properties in some areas of Bulgaria are nearing saturation levels.
Wednesday, August 09, 2006

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Spain is Still Hot

If you thought Spain's property market was cooling off, then think again. While in certain already developed locations property sales are certainly slowing down, new trends are growing for fresh investments in promising new emerging markets within Spain. Figures still remain very encouraging: News in today shows that after last year’s expansion of 3.4%, Spain’s GDP is tipped to continue to be the best in Europe through this year and beyond. Investment in Spanish property construction has grown by 7.4 % so far this year, beating the 6 % rise in 2005. Indeed, figures in from Banco Bilbao Vizcaya Argentaria show that over the past five years cement consumption levels have increased by more than 15 % each year.
Wednesday, August 09, 2006

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Istanbul Mortgage co announces Mortgages for Europeans

The Turkish property market is becoming even more obtainable for foreign buyers with the imminent introduction of mortgage options. Until now, the absence of finance from Turkish banks has been a sticking point amongst many investors.
Wednesday, August 09, 2006

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Developments in Cape Verde Tourism

The tourism sector is now one of Cape Verde’s driving economic forces, having witnessed some impressive growth in recent years. According to figures from Cape Verde’s national statistics institute (macauhub), Cape Verde's hotels welcomed 233,000 tourists last year, 26.4 per cent more than in the previous year, with Sal Island becoming even more popular as the main tourist hub of the islands.
Wednesday, August 09, 2006

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