Global Real Estate & Travel News from Propertyshowrooms.com

New flights 'may aid Mallorca property market'

Thu, 22 Dec 2011 00:00:00 GMT

The Ryanair announcement that it is due to open a base a Mallorca's Palma airport, from which it will operate 17 new routes, could be good news for the island's property market.

This is the opinion of Stephen Dight, managing director of Mallorca Sotheby's International Realty, who noted the region has been performing well, despite difficulties elsewhere in the Spanish real estate industry.

Mr Dight explained property in Mallorca has international appeal and, therefore, any new connections to other countries are likely to have a positive effect.

Among the new routes unveiled by Ryanair are flights to Gothenburg, Magdeburg, Maastricht and Tampere, which will "open up the island to potential property buyers from countries that are not suffering from the effects of recession", he asserted.

"We will be interested to see the trickledown effect on the housing market," Mr Dight added.

Potential investors may be encouraged by figures published recently in the Holiday Lettings' Insight Report 2011, which revealed the Balearic Islands were the eighth most-enquired about destination among those seeking holiday homes between January and October this year.

The level of queries about the archipelago increased by 21 per cent during this period, compared to the same time in 2010, the research found.

Tourism 'helping Cape Verde property industry expand'

Fri, 18 Nov 2011 00:00:00 GMT

The growth in tourism in Cape Verde has helped the country's real estate sector grow, it has been asserted.

Writing for the Telegraph, Saundra Satterlee described the island of Sal as the "property hub" of the archipelago, which consists of ten isles.

She noted that much work is being done to improve the infrastructure on the islands, while there are several high-class developments where investors can purchase a property in Cape Verde.

There are many reasons why investors may feel comfortable investing in real estate assets here, not least that its rules relating to such transactions are based on the Portuguese model and are more comprehensive than the regulations in other countries in the region, Ms Satterlee explained.

Other factors that may appeal to those keen to invest in overseas property include its political stability and low inflation, she added.

Last month, the World Bank and International Finance Corporation Doing Business 2012 survey highlighted the nation's efforts to improve the property registration process.

According to the research, it takes an average of 31 days to complete the procedure in Cape Verde and the country is ranked 61st out of 183 locations for this particular metric.

Danish buyers 'keen to own property in Spain'

Thu, 13 Oct 2011 00:00:00 GMT

It appears that buyers from Denmark are eager to own a second home in Spain, according to new research.

Taylor Wimpey de Espana carried out a survey among attendees at the Bolig i Udlandet Homes Abroad exhibition last month, which revealed that 51 per cent of respondents would choose Spain over other destinations when looking for a property.

Sales and marketing director at the company Marc Pritchard commented: "Spain's appeal as a second home destination will never falter, with the majority attracted to the warm climate, blue flag beaches and scintillating Spanish lifestyle."

He added that a further appeal of Spanish real estate for Danes is its proximity to their home nation, making it easy and relatively quick to reach.

Mr Pritchard also noted that many of those attending the event were seeking properties in coastal locations, such as on the Costa Blanca, Costa del Sol and in Mallorca.

At the beginning of the month, chief investment officer at the private banking division of BBVA Enrique Marazuela told the Reuters Global Wealth Management summit that the housing market in coastal regions of Spain is starting to recover in terms of transaction volumes.

Spanish property 'a target' for high-net-worth individuals

Wed, 12 Oct 2011 00:00:00 GMT

Luxury properties in Spain remain a target among wealthy investors, one real estate firm has revealed.

According to Lucas Fox International Properties, the problems surrounding the country's real estate sector do not extend to the top end of the market, with the firm completing transactions worth £19.5 million during the third quarter of this year.

Director at the company Alex Vaughan commented: "Spain continues to be one of the top destinations for high-net-worth property buyers. Our projections for Barcelona, Costa Brava and Ibiza, as published in our recent market reports, have become a reality."

In August, the firm noted that during the second half of this year, both Barcelona and the Costa Brava were set to benefit from high levels of demand coupled with a lack of supply of properties at the top end of the market.

Meanwhile, in Ibiza residential real estate was said to be sought after among international jetsetters and those seeking a sound holiday home rental opportunity.

Anthony Leaton, marketing director at Lucas Fox, predicted that this high demand from overseas buyers is set to continue in Spain and may even grow.

Could rise in tourists help Mallorca property owners?

Thu, 11 Aug 2011 00:00:00 GMT

Rising numbers of tourists visiting the Balearic island of Mallorca could bode well for the property industry in the area, it has been suggested.

Taylor Wimpey de Espana drew attention to figures published by Palma International Airport, which showed the travel hub saw record numbers of passengers arriving at the weekend.

In fact, 160,000 people passed through the airport in a single day on Saturday (August 6th).

Sales and marketing director at the company Ignacio Osle stated that combining all of Mallorca's attractions with "ever-improving airport service and facilities" will encourage more people to visit the island this summer and in the future.

And the firm highlighted some of the new developments set to open here later in the year, which could provide the ideal bolthole for people seeking a property in Spain.

Earlier this week, managing director of A Place in the Sun Andy Bridge commented that there a many houses and flats available in the country at affordable prices that are, in most cases, at their lowest levels for over a decade.

New flights could help Spanish property owners

Thu, 4 Aug 2011 00:00:00 GMT

Low-cost carrier easyJet has announced that it will fly to several Spanish destinations from Southend Airport, starting in April 2012.

And real estate firm Taylor Wimpey de Espana believes that this could be a boost for people looking for a house or flat in Spain.

Ignacio Osle, sales and marketing director at the organisation, commented: "For people buying property overseas it is important that they have affordable and easy access to their property."

He added that the new easyJet routes to Barcelona, Mallorca, Alicante, Ibiza and Malaga could help those who already own a dwelling in one of these locations to capitalise on holiday rentals, generating "healthy incomes".

Last month, the airline revealed that four out of the five most popular destinations for Brits to travel to this summer are in Spain, with Malaga topping the list.

Alicante, Palma de Mallorca and Barcelona are the other favourites, with Faro in Portugal the only non-Spanish location to appear in the top five.

Murcia 'could see house prices rise'

Wed, 3 Aug 2011 00:00:00 GMT

The Spanish city of Murcia could be a good location to invest in property if the comments of one real estate expert are anything to go by.

Chris Mercer, founder of estate agents Mercers, noted that prices in the region appear to have "finally bottomed out", although he expects values to remain depressed until demand increases significantly.

However, he is confident that the property sector will bounce back and cited the forthcoming opening of the Paramount-branded theme park in the area as a catalyst that should boost the market.

"Low pricing will remain until demand picks up in a stronger manner and, for Murcia, that may be sooner rather than later with Paramount on the horizon," Mr Mercer stated.

He added that "there's no better time to buy" for those who have the capital available to purchase a property in Spain.

Paramount has set an opening date of 2015 for the theme park, which will be the largest in the country and will feature zones inspired by movies such as Titanic and Mission Impossible.

Turkey 'a property investment hotspot'

Thu, 28 Jul 2011 00:00:00 GMT

The Turkish real estate market has been named as one of the most popular regions for overseas property investments by a new survey.

According to the Worldwide Property Group, interest in the nation has grown in recent months, with the company pointing to the thriving tourism industry in Istanbul as a particular hotspot.

Meanwhile, interest from UK buyers in overseas real estate markets is also on the rise, with 67 per cent of those questioned stating they believe now is a good time to purchase such an asset abroad.

In addition, 65 per cent are seriously considering buying a house or flat outside the UK, the research found.

Managing director of the firm Kevin Wilkes commented: "With some incredible potential for property investment overseas mixed with increasing ease of purchasing a foreign property, people are finding they have much greater choice."

And the Istanbul real estate sector may appeal to those seeking more than just residential assets after a report published recently by CB Richard Ellis revealed that a significant proportion of the city's office space is now taken up by foreign companies.

Mallorca 'an obvious choice' for buyers seeking overseas property

Fri, 22 Jul 2011 00:00:00 GMT

Buyers looking for a property in Spain are drawn to Mallorca with good reason, one real estate expert has claimed.

Ignacio Osle, sales and marketing director of Taylor Wimpey de Espana, stated that the Spanish island is "considered one of the most popular locations in which foreign nationals search for a second home".

He added that there are many reasons that people are drawn to Mallorca, including its climate, World Heritage sites and blue-flag beaches.

According to the Spanish House Price Index published earlier this month by Kyero.com, the Balearic island had the second-highest property values in the nation in the second quarter of the year, with Barcelona noted as the most expensive market.

The research also revealed that prices on the island had risen between March and June of this year.

Despite Mallorca recording an increase, overall Spanish real estate values have dipped in the second quarter of the year to reach €262,800 (£231,271), compared to the first three months of 2011 when average prices were €270,400.

Rise in holiday bookings could bode well for Spanish property investment

Thu, 14 Jul 2011 00:00:00 GMT

Investors interested in property in Spain could benefit from more rental opportunities as more Brits choose to holiday in Europe.

According to a new study by Abta - The Travel Association, bookings to Spain have increased by 11 per cent compared to last year, showing that the destination is becoming more popular with holidaymakers.

Short breaks are also seeing more people travelling into the country, especially to Madrid, as economies around the world recover and capital has been freed up to boost overseas stays.

"During the recession, luxury holidays were substantially affected, but have now experienced a healthy comeback," Abta said in a statement.

"Customers are becoming increasingly adventurous with activity holidays surging in popularity," it added.

Abta noted earlier this year that Spain was the UK's favourite holiday destination for breaks during the Easter period, with the Canary Islands and the Costa del Sol being the most popular hotspots among British travellers.

Majorca 'most affordable European self-catering destination'

Mon, 27 Jun 2011 00:00:00 GMT

New research from the Post Office has revealed that Majorca is the most affordable European destination for self-catering holidays, which could highlight the island's potential for those looking for an investment opportunity.

According to the Self Catering on a Shoe String Barometer 2011, the average cost of a family shopping basket for one week is £44.23 in Majorca, putting it ahead of other Spanish destinations on the Costa Blanca, where the same items came in at £47.28.

Eggs, toilet rolls, milk, bread, water and cheese were among the products purchased as part of the survey.

With families increasingly looking for ways to cut back on holiday spending, there could be the potential for buy-to-let investment on the island.

And as the Knight Frank Global House Price Index recorded a 4.6 per cent fall in Spanish property prices over the past 12 months, now could be a good time for buyers with funds available who want to find property in Balearic Islands destinations.

Turkish Airlines announces new flights to Italy

Mon, 13 Jun 2011 00:00:00 GMT

Turkish Airlines has announced that it is to be running regular flights between Istanbul and Genoa.

The improved travel links between Turkey and Italy are sure to come as good news for the two countries' property markets.

Currently, the operator offers flights between the two destinations three times weekly on Wednesdays, Thursdays and Saturdays, however, this is set to be increased.

The additional flight will begin operation from June 27th and will take place on Mondays.

Meanwhile, Turkey's burgeoning property sector shows no signs of slowing down this year, new figures have suggested.

Official figures have revealed that Istanbul's population continues to soar with the rate of migration more than doubling during 2009-10.

Over 102,000 migrants made the location their home over the course of the year, and now account for 7.7 per cent of Istanbul's total population.

Genoa is Turkish Airlines fifth flight destination in Italy, after Rome, Milan, Venice and Bologna.

Cruise sector helping to boost Brazilian tourism

Tue, 7 Jun 2011 00:00:00 GMT

Brazil's ever-expanding tourism sector is set to be boosted further still by the arrival of cruise tourism, it has been suggested.

South America's cruise industry has had a record-breaking season, with six cruise lines operating 20 vessels and carrying almost 800,000 guests.

This can be combined with a recently released Economic Impact Study highlighting that the cruise sector is playing a significant part in Brazil's economy.

The research found that the industry contributed some $814 million in economic output during the 2010/11 cruise period.

Ray Withers, director of Property Frontiers, said: "Tourism has and will play a significant role in the growth of the Brazilian economy.

"Over 5.1 million foreign nationals visited Brazil in 2010, an impressive 7.8 per cent increase over 2009 figures and forecasts for 2011 are set to be even higher."

As such, Mr Withers supported recent comments from Pierfrancesco Vago, chief executive officer of MSC Cruises, which called for further action to improve the industry.

New flights make Italy 'more accessible'

Tue, 7 Jun 2011 00:00:00 GMT

New flights to Lake Garda in Italy will make the region even more accessible for tourists and property hunters.

Low-cost carrier easyJet has announced that it will be running a new route to nearby Verona from London Gatwick.

The news has been welcomed by the Italian State Tourist Board, which has recommended that visitors to the country spend time taking in the sights that Lake Garda, the Dolomites and other historic towns such as Padua and Mantua offer.

Stefania Gatta, a spokeswoman from the Board, added that for those who want to explore the city of Verona itself there was still plenty to do.

"You can visit the Arena, a roman amphitheatre which hosts the famous Opera Festival in summer, the medieval Piazza delle Erbe and Ponte Scaligero and the Romeo and Juliet balcony among other sites," she said.

"A short distance from Verona is the magnificent Lake Garda with Sirmione the nearest resort: visit the medieval Della Scala Fortress, the Roman remains of the famous Latin poet Catullo's villa, stroll along the waterfront and have a drink or a meal in one of the many bars and restaurants."

Look deeper than 'traditional locations' when visiting Spain

Mon, 6 Jun 2011 00:00:00 GMT

Property investors could be encouraged to think about some of Spain's lesser-known destinations following the comments of one holiday company.

Spain-holiday.com has recommended that travellers take the time to explore some of the country's other "culturally-rich cities" which offer "the classic Spanish experiences of balmy climate, vibrant tapas bars and impressive architecture".

In particular, the firm highlights Palma as a great holiday destination that boasts a diverse and

"[It] is famed for its fine Gothic cathedral, art galleries, music festivals and wonderful mix of city and beach life," Spain-holiday.com states.

"The city boasts glamorous yacht clubs, sophisticated bars - including Abaco, housed in an ornate mansion - and the trendy port areas of Portixol and El Molinar."

Alternatively, Salamanca is Spain’s oldest university city with a vast student population, an eclectic collection of bars and interesting Baroque architecture.

The news could tempt a number of buy-to-let investors to look at property in Spain, with the intention of capitalising on the country's vast tourism trade.

BA announces new flights to Spain

Fri, 3 Jun 2011 00:00:00 GMT

Spanish property investors are sure to be encouraged by news that BA CityFlyer, a subsidiary of British Airways (BA), has announced that it will be running a new route to Spain.

The firm will run a new route to Malaga in the Costa del Sol and increase the frequency of flights to Palma on the island of Mallorca.

BA's decision forms part of a wider improvement for holiday travellers with a 39 per cent increase in leisure flights from the capital's airport for the summer season.

The three-time weekly flights to Malaga will start from June 8th this year, highlighting the continued popularity of this region in Spain and its year round appeal.

The flights to Palma and Ibiza will increase from four to ten per week between July and September.

Ignacio Osle, sales and marketing director of Taylor Wimpey de Espana, said: "Demand is high for the Costa del Sol and Mallorca with many air travellers taking their holidays in these sunshine destinations but also we have great number of home owners in these regions so more flights allows greater flexibility in accessing second homes throughout the year."

Increase in air travel to benefit French property market

Sat, 28 May 2011 00:00:00 GMT

An increase in air travel of 9.1 per cent to France's Nice Cote d'Azur airport could be the incentive that property investors are looking for, it has been suggested.

Charlie Williams, business development manager of developer Terresens, said that investing in the French Riviera should be viewed as "common sense", adding that the high level of tourists the region attracts means that high rental yields can be achieved.

"The abundance of annual conferences and events taking place especially in Cannes, make the south of France an excellent choice for your overseas property investment," he explained.

Mr Williams noted that the short distance to the UK and the rest of Europe has made France one of the most popular choices for investment property buyers in the world.

The south of France, he added, is a prime example, with the airports of Nice and Marseille offering easy access to the French Riviera all year round.

Holidaymakers sticking to traditional destinations, survey finds

Fri, 27 May 2011 00:00:00 GMT

Existing and potential property owners in Spain are sure to be encouraged by news that holidaymakers are continuing to enjoy trips to traditional destinations.

A survey conducted by Eurobarometer has highlighted the continued popularity of European countries, with 58 per cent of those questioned sticking with familiar locations.

The main reasons for not travelling further afield are believed to be a result of cost and convenience, with travellers choosing to purchase cheaper accommodation and low cost flights in easy to reach countries.

Spain remains the most popular holiday destination with 29.05 per cent of bookings, according to the survey. Greece is in second place at 9.94 per cent, Turkey at eight per cent and the US at 5.99 per cent.

Ignacio Osle, sales and marketing director of Taylor Wimpey de Espana, said: "Since reducing prices in a bid to win back holidaymakers and property investors, Spain is now seen as not only an easily accessible sunshine destination but as a place that offers excellent value for money."

Recent figures released by the Ministry of Industry, Tourism and Trade reveal that nine million international tourists visited Spain between January and March this year.

Turkey is 'ideal' for adventure travellers

Thu, 26 May 2011 00:00:00 GMT

Recent reports suggest that Turkey is one of the hottest destinations in the world when it comes to investing in property at present.

So news that the country offers a diverse environment for adventure travellers is only likely to serve to enhance its reputation.

According to the Turkish Culture and Tourism Office, visitors are able to take advantage of some 8,000km of coastline offering some of the best water sport opportunities in Europe.

"Alacati, on the Cesme Peninsula, is a world-class windsurfing destination; Kas down on the Mediterranean coast boasts excellent visibility and is a must-visit for scuba diving enthusiasts; whilst the Turquoise Coast, comprising Bodrum, Marmaris and Fethiye, is the ideal spot for sailing and gulet cruising," Joanna Marsh, PR co-ordinator for the firm explained.

Elsewhere, figures released by ACI EUROPE show that passenger traffic to Istanbul's two airports was up in March when compared to the previous year.

Abu Dhabi offers the 'ultimate shopping experience'

Wed, 25 May 2011 00:00:00 GMT

Demand for property in the UAE could be set to rise following the comments of the Abu Dhabi Tourism Authority.

Investors and holidaymakers looking for the ultimate shopping experience have been told that they will be hard pressed to find a better destination than the emirate.

Lawrence Franklin, strategy and policy director at the tourism body, explained that the impressively decorated shopping malls "make for an unbeatable shopping expedition".

"Abu Dhabi has a cosmopolitan city with urban architecture, green gardens and fountains," Mr Franklin said.

"It hosts a range of business-cum-leisure facilities, from a state-of-the-art convention centre and luxurious hotels, to spas, designer golf courses, an arts complex and heritage sites."

Meanwhile, Etihad, the national airline of the emirate, has launched a promotional campaign offering free stopovers at selected luxury hotels in downtown Abu Dhabi, Yas Island or Dubai.

The news could prompt an increase in the number of individuals looking to purchase property in the UAE.

Spain could be a popular holiday destination for honeymooners

Sat, 21 May 2011 00:00:00 GMT

Buy-to-let investors in Spain with beachfront properties could be encouraged by news that newlyweds are increasingly looking for sun, sea and sand.

This is according to Simon Cooper, chief executive of On the Beach, who noted that good value destinations with guaranteed warm weather are proving popular picks for honeymooning couples.

A recent poll by HolidayExtras.com found that 56 percent of those asked said that their dream honeymoon destination was a secluded beach abroad.

The poll also found that more women preferred to spend their honeymoon on a beach than men, with 61 per cent of women.

"For happy couples looking to book their honeymoon for this year and for 2012, we would suggest booking early in order to grab one of the many early booking discounts available," Mr Cooper said.

Meanwhile, buy-to-let investors in the country will be encouraged by recent comments made by a leading holiday firm.

Premier Holidays has claimed that a city break is the perfect solution for individuals who are hoping to holiday closer to home.

Turkey 'is the ideal location' for a long weekend away

Sat, 21 May 2011 00:00:00 GMT

Individuals with property in Turkey will be pleased to hear that the country is the ideal location for a long weekend away.

Comments from the Turkish Culture and Tourism Office recommend that holidaymakers take the time to explore Istanbul.

"You probably need a minimum of three days to really explore, but most of the major historic sites are situated on the historic peninsula in the old town, so they are all close together and within walking distance of each other," Joanna Marsh, a spokeswoman for the Office, noted.

The news could prompt a number of potential buy-to-let investors to look at acquiring property in Turkey in order to take advantage of the city's growing tourism market.

Meanwhile, figures released by ACI EUROPE show that passenger traffic to Istanbul's two airports was up in March when compared to the previous year.

"There are good flight connections from most major European cities. From the UK, there are frequent direct flights with Turkish Airlines and British Airways as well as low-cost carriers easyJet and Pegasus," Ms Marsh said.

New flight route to Spain opens

Sat, 14 May 2011 00:00:00 GMT

Owning or investing in a Spanish property could be even more convenient following the opening of a new flight route.

BA CityFLyer, a subsidiary of British Airways, has announced that it is to run a new route from London City Airport to Malaga in the Costa del Sol.

The move comes after the airline recorded a high level of demand from the airport and as such, it has also increased the frequency of its flights to Palma on the island of Mallorca.

Sales and marketing director of Taylor Wimpey de Espana Ignacio Osle commented: "This is another positive step for Spain welcoming increased passenger numbers from London and the south-east of England.

"Demand is high for the Costa del Sol and Mallorca with many air travellers taking their holidays in these sunshine destinations but also we have great number of home owners in these regions so more flights allows greater flexibility in accessing second homes throughout the year."

People will able to take one of the thrice weekly flights to Malaga from June the 8th this year, while the flights to Palma and Ibiza will increase from four to ten a week between July and September.

Brazil is the ‘perfect destination’ for a holiday home

Wed, 11 May 2011 00:00:00 GMT

As well as being one of the hottest emerging markets in the world, Brazil is also an ideal location for a holiday home, it has been suggested.

New government housing programmes combined with the forthcoming FIFA World Cup and Olympic Games mean that Brazil has been attracting a lot of interest from property investors of late.

However, agent UV10 has claimed that it is not just savvy investors who can make the most of what the country has to offer.

Samantha Gore, sales manager at the firm, explained that the north-eastern coastline surrounding Natal is one of the best holiday destinations.

"Prices are at their best now but on an upward trajectory, particularly as Natal's new airport takes shape," he said.

Indeed, work has begun on the new airport which is set to be the largest in Latin America. Once completed, the new facility will be able to accept five million passengers a year.

Investors look for opportunities in Egypt

Tue, 10 May 2011 00:00:00 GMT

Savvy investors are looking to take advantage of the opportunities that have presented themselves within the Egyptian property market.

In the wake of recent political upheaval in the country, buyers are finding that they can purchase real estate within popular tourist resorts at a reduced cost.

"The most long-sighted investors will turn events as have occurred in Egypt into an opportunity,” Steven Worboys, managing director of Experience International, said.

He claims that there has never been a better time to invest in real estate in resorts such as Sharm el Sheikh as a result of the low Egyptian pound.

Agents operating in the country have observed steady sales throughout February and an upward trend in March.

Egyptian property prices have not dropped and some developments are set to increase their prices as they finish the first phase of construction, the firm added.

It follows a report from Jones Lang LaSalle which claimed that the long-term outlook for the Egyptian property market was positive.

Mallorca proving popular with British holidaymakers

Thu, 5 May 2011 00:00:00 GMT

Despite the Spanish property market experiencing a tough time of late, the holiday rentals sector is seeing strong growth in booking enquiries this year.

This is being led in particular by searches for homes on the island of Mallorca, according to latest data from HomeAway Holiday Rentals.

The firm has seen a 39 per cent increase in booking enquiries in the first three months of the year, compared to the same period in 2010.

Ignacio Osle, sales and marketing director of Taylor Wimpey de Espana, confirmed that both visitor numbers and searches have risen steadily in the past 12 months.

"Buyers from the UK and Europe are not only looking at the traditional property hotspots on the mainland but further afield to Spain's stunning islands such as Mallorca," he added.

It follows a recent forecast from property analysts which suggested that the Balearic island of Mallorca will be this year's hottest Spanish destination.

As confidence in European property markets continues on the road to recovery, a growing number of investors are expected to increase their exposure to the market.

Italian property market likely to get tourism boost

Fri, 29 Apr 2011 00:00:00 GMT

An increase in tourist numbers in Italy last year is expected to have a knock-on effect on the country's property market.

Euromonitor International's Travel Industry Global Overview found that visitor numbers to the European destination reached 43.2 million in 2010 - up 2.2 per cent.

Combined with stabilising property prices and a 1.3 per cent GDP growth, potential property buyers and holiday home investors are expected to reap the rewards.

In particular, the organisation claimed that the combination of fine cuisine, spectacular natural scenery and friendly local hospitality has helped Calabria establish itself as a tourism hotspot.

Steven Worboys, managing director of Experience International, said that the region has been attracting interest from investors around the world.

"Calabria was Italy's best kept secret for many years but now the region has been discovered and is charming not only British holiday makers and property buyers but also Germans, Russians, Polish and Scandinavian nationals seeking stunning scenery, a Mediterranean climate and affordable living within a few hours flight," he said.

Brits advised to holiday in southern Spain

Thu, 21 Apr 2011 00:00:00 GMT

Brits looking for a cultural and atmospheric region of Spain have been advised to see what is on offer in Malaga.

The Spanish Tourist Office has recommended that tourists take a trip to the port city, with plenty of sightseeing and cultural trips on offer.

Ignacio Vasallo, director of the Spanish Tourist Office for the UK and Ireland, recommended that anyone in the city visit the former home of Picasso and the Alcazaba - one of southern Spain’s most important historic monuments.

"Easter is an ideal time to visit Alicante or Malaga or indeed any Spanish destination. By late April, the temperatures are very pleasant and Easter provides a fantastic insight into some of Spain’s religious and cultural traditions,” he said.

According to searches on Skyscanner, Malaga is the most popular destination for Brits planning to go away this Easter.

Having visited Malaga, traveling Brits may be inspired to head online to find out how they can set about buying property in Spain. Now could be a good time to buy, meanwhile, with the country’s Housing Ministry reporting that prices have fallen in the first three months of the year.

Travel to Spain to celebrate Easter, holidaymakers told

Mon, 18 Apr 2011 00:00:00 GMT

Travelling Brits planning to visit Spain this Easter will be pleased to learn that the public holiday is well celebrated across the country.

The Spanish Tourist Office has claimed that locals commemorate the religious event "with a great deal of emotion".

A spokesman for the body noted that people spending Easter in Spain can expect mass celebrations to be taking place nationwide.

He added that the Spanish resort of Alicante is home to one of the biggest Easter events in the country, with the La Santa Cena procession taking place on April 21st.

"People take an active role in its events and traditions. By day and by night, the streets fill with the sound of drums, the colour of flowers and the art of religious sculptures, that come together to produce a highly moving atmosphere," the spokesman said.

The nationwide celebrations could encourage a number of Brits to buy property in Spain, with many tempted to take advantage of the low prices that exist at present.

According to searches on Skyscanner's website, Spanish destinations are the most popular for Easter getaways.

Dubai is 'best retail destination in the world'

Thu, 14 Apr 2011 00:00:00 GMT

Demand for property in Dubai could be set to rise after a new report labelled it as one of the best shopping destinations in the world.

Research conducted by CB Richard Ellis (CBRE) has revealed that the emirate is now on a par with London as the world's premier retail city.

The property consultancy noted that more than half (56 per cent) of all the top international retail brands have a presence within Dubai.

CBRE claims that the growth of the emirate as a shopping destination has been fuelled by limited opportunities in traditional markets and the emergence of a wealthy, well-educated and well-travelled population.

Michael Leighton, senior retail Consultant for CBRE Middle East, said: "Historically, Dubai has been the entry city to the Middle East, but now retailers are looking to replicate their success in other Middle Eastern countries with a similar consumer base."

Indeed, since 2006 an additional 1.2 million square metres of retail space has entered the Dubai market.

Sales and enquiries up in Egypt

Thu, 7 Apr 2011 00:00:00 GMT

Following the political and civil unrest in Egypt, enquiries and sales in the country have returned to normal levels, according to the managing director of Colordarcy.

According to the consultancy, a number of developers in the region have not had to drop their prices as a result of the problems.

Speaking to Overseas Property Professional, Loxley McKenzie said that the market initially saw a fall in interest from investors, with many concerned about the effect that the riots would have on prices.

However, once everything had settled down, he noted that the "true resilience of investors became apparent".

The expert added that as the number of international enquiries and sales rises, there has also been a shift towards investor type enquiries with them outnumbering lifestyle buyer enquiries.

"The outlook became more positive than negative as the scope for an investment opportunity presented itself and investors began searching for great deals," Mr McKenzie said.

Meanwhile, recent research conducted by Easyvoyage has found that Brits are increasingly turning to Egypt as a holiday destination thanks to its climate and affordability.

Estonian tourism boosted by flights and culture city status

Mon, 4 Apr 2011 00:00:00 GMT

An estimated 34 per cent more British and Irish visitors travelled to Estonia in January 2011 than the previous year, new figures have revealed.

It marks a promising start to a year in which the country's capital city Tallinn is European Capital of Culture.

Over the course of the month, British and Irish visitors were the fifth largest market for Estonia, after inbound tourism from neighbouring countries Finland, Russia, Latvia and Sweden.

Estonia's director of Tourism, Tarmo Mutso, said: "Tallinn is one of two European Capitals of Culture in 2011 and this is attracting a lot of interest in the city, not least as a result of the extensive media coverage we've had right across Europe."

Mr Musto added that new flights to the country from Ryanair and easyJet are also having a positive impact on the tourism market.

The news follows recent comments made by Mary Stuart-Miller, the UK director of tourism for the Estonia Tourist Board, stating that Tallinn's old town should be a focal point for any visit to the city.

Egyptian tourism market set to bounce back

Tue, 29 Mar 2011 00:00:00 GMT

The property market in Egypt could be set to improve following recent unrest in the North African country.

Recent research conducted by Easyvoyage has found that Brits are increasingly turning to Egypt as a holiday destination thanks to its climate and affordability.

The news could also have a knock-on effect on the Egyptian property market, with an increase in visitors helping to push prices up. Industry experts claimed that increased stability is the major driver towards improved visitor numbers.

Founding president of Easyvoyage, Jean-Pierre Nadir, commented: "Britons, especially those travelling with children are always on the lookout for new destinations but as always, the price tag is incredibly important.

"Our survey shows that Egypt will bounce back relatively quickly, helped by the fact that the popular Red Sea resorts remain largely unaffected."

Meanwhile, according to Larry Seruma, managing principal at Nile Capital Management, the new political regime in the country will lead to an increase in market transparency and economic growth.

Spanish property proving popular with Brits

Tue, 29 Mar 2011 00:00:00 GMT

A growing number of Britons have been showing an interest in overseas property in February, new figures have revealed.

According to the latest figures from foreign exchange company Moneycorp, Germany, France, Italy and Ireland all proved popular destinations last month.

Property in Spain also proved to be a popular search, the company added.

Robin Wilson, of Rightmove, said: "Bargain hunters are out in force, primarily focused on Spain and Ireland.

"We've been tipping Germany for a while now and the north eastern tourist hotspot of Mecklenburg-Vorpommern led the charge this month with searches up nearly 50 per cent."

Elsewhere, visitor numbers in Spain are expected to increase over the coming few months once the new terminal at Alicante Airport is opened.

The terminal will increase the capacity of the Airport from nine million to 20 million passengers a year and travellers will be able to take advantage of a whole host of new amenities including shops and places to eat and drink.

New terminal set to boost visitor numbers in Spain

Fri, 25 Mar 2011 00:00:00 GMT

Visitor numbers in Spain are expected to increase over the coming few months once the much-anticipated terminal at Alicante Airport is opened.

The new facility is due to be completed and ready for operation in time for the busy Easter period.

Currently, Alicante is Spain's sixth busiest airport by passenger numbers and the largest in the Murcia region, with the two terminals handling in excess of nine million visitors last year.

The new complex could lead to an increase in the number of individuals looking to buy property in Spain, with a rise in tourist numbers likely to have a positive impact on the buy-to-let market.

Indeed, the terminal will increase the capacity of the Airport from nine million to 20 million passengers a year and travellers will be able to take advantage of a whole host of new amenities including shops and places to eat and drink.

Ignacio Osle, sales and marketing director of Taylor Wimpey de Espana, said that the greater accessibility of the region will be attractive to potential property investors.

"With an abundance of discounted flight fares available throughout the year and now the increased capacity for passengers that the new terminal in Alicante Airport will provide, the Costa Blanca will continue to be firmly set in the sights of second home owners and holiday makers alike," he added.

Moraira offers buyers a taste of traditional Spain

Wed, 23 Mar 2011 00:00:00 GMT

The quaint Spanish town of Moraira offers potential property buyers a wealth of opportunities, it has been claimed.

This is according to the World Property Channel, which noted that the region has been attracting much attention of late as a holiday destination.

Having grown from a small fishing village, Moraira is now considered to be an attractive holiday and retirement resort, with many European visitors being attracted by its traditional culture and charm.

Indeed, those looking to buy property in Spain will find that the town boasts two beaches, three golf courses, a marina and three Michelin star restaurants.

Speaking to the news provider, Manolo Cabrera, founder of Search & Survey, said: "Moraira is a very popular destination for UK consumers who are either considering building or buying a holiday home or retiring in Southern Spain.

"The area is quintessentially Spanish and there is a variety of plots and villas in prime locations available, making it a very attractive location for UK buyers."

New flights to boost Portuguese tourism

Thu, 17 Mar 2011 00:00:00 GMT

Property investors in Portugal are sure to be please by news that low-fare airline Jet2 will be adding two new flights to the country from the UK.

The news could lead to an increase in the number of buy-to-let investors active in the country who are looking to capitalise on its growing tourism market.

It means that the carrier will be increasing its total capacity to more than 300,000 seats, something which Stephen Anderson, of Infinito Real, believes demonstrates a growing confidence in the area.

"Budget airlines have been the making of many resort areas throughout Europe over recent years," he said.

"As well as increasing accessibility, this is a positive step for tourism and investors, as more competition will drive prices down and ultimately more people to the area."

It follows recent news that, despite the economic downturn, the Algarve has continued to be a popular destination for holidaymakers. Mr Anderson added that 2010 was recently named as the best year on record for the tourism industry in Portugal.

Spain 'will continue' to be popular with Brits

Fri, 25 Feb 2011 00:00:00 GMT

Demand for property in Spain could be set to rise, with one expert suggesting that the country is unlikely to lose its spot as the number one destination for British buyers.

Robin Wilson, head of overseas at Rightmove, has revealed that the company saw an annual increase of eight per cent in terms of searches for real estate in the country last year.

Mr Wilson forecast that Spain will continue its dominance and remain the most popular overseas property location for Brits in 2011.

"I don't see any signs of Spain losing its number one slot for Brits looking to buy abroad," he confirmed.

"Whilst there are opportunities or pain - depending if you are a buyer or vendor - in those areas of Spain with oversupply, we're still seeing healthy traffic and interest for quality properties, particularly in more authentic areas; smaller towns, inland locations and less resort style apartments."

According to Spain's National Statistics Institute, the number of property transactions in the country dipped by 0.4 per cent last year compared to 2009.

Political unrest hits property sales in Egypt

Wed, 16 Feb 2011 00:00:00 GMT

Searches for property in Egypt have declined sharply since the political unrest in the country, real estate portal Homesgofast.com has reported.

However, the website believes that it will not be long before Egypt's Red Sea resorts return to their position as a popular emerging market for individuals looking to buy overseas property.

Nicholas Marr, director of the company, commented: "Investors are clearly sitting on their hands until they can see a clearer picture of the political situation in Egypt.

"President Mubarak's departure this week will be seen by potential buyers as a step in the right direction."

For many industry experts, the recent political upheavals in Egypt have underlined how important political stability can be when deciding whether or not to buy in an emerging market.

According to Homesgofast.com, low prices, agreeable weather and ease of access from the UK will ensure that the tourism and property market in the country recovers fully.

US cities remaining popular with travelling Brits

Mon, 14 Feb 2011 00:00:00 GMT

The number of individuals looking to buy property in the US could be set to grow after it was claimed that Florida, New York and California will be among the most popular destinations for Brits this year.

According to the US Travel Association, the three cities will continue to be popular with tourists as a result of low prices and the large number of flights available.

"Florida and California attract the long stay holidaymaker and families, with New York attracting City Breaks and stop overs," Stella Clery-Ackland, a spokeswoman for the association, said.

"Kissimmee offers exceptional value for money, which is why we believe they will see significant growth in the central Florida market, as the British visitors are projected to be seeking more value for money."

Meanwhile, Garrett Kenny, chief executive officer of CB Feltrim, told Overseas Property Professional that potential investors should act now if they want to capitalise on the wealth of distressed property available in the US market.

Cuisine and wine driving up interest in Spain

Fri, 11 Feb 2011 00:00:00 GMT

Interest in real estate in the Balearics and Canaries could be set to rise after one expert suggested that visitor numbers are increasing.

Carmen Hernandez Gomez, market analyst at the Spanish Tourism Office, explained that destinations in the north of the country are increasing in popularity thanks to the interest in food and wine.

"New destinations in the north are also becoming popular due to the interest in food and wine. Asturias, Galicia, Leon and other regions are well connected [with] direct flights and offer new experiences to those who already know some parts of Spain and want to do something different," Ms Gomez added.

The news may encourage a number of individuals to consider purchasing property in Spain to take advantage of the growing tourism market.

Meanwhile, a new survey has found the as a result of government spending cuts and austerity measures holidaymakers are rethinking their travel plans.

Lloyds TSB Insurance explained that house-swapping for holidays is making a comeback, with Spain the most popular travel destination.

Brits feel 'at home' in Spain

Wed, 9 Feb 2011 00:00:00 GMT

A friendly and welcoming atmosphere in Spain helps to ensure that British holidaymakers feel at home, the country's tourism office has claimed.

The popular European destination has long been a favourite among tourists, with a significant majority of those taking a break there planning to make a return trip.

"Brits have been travelling to Spain for many decades. They like it and tend to go back. Nine in ten that arrive in Spain every year have been in the country before. They feel at home. That's one of the main things, they don't feel like they are in a foreign country," Carmen Hernandez Gomez, market analyst at the Spanish Tourism Office, said.

The news may encourage a number of Brits to consider buying a property in Spain, with a recent study by sunshine.co.uk also revealing that the country is considered the 'safest' destination to visit.

Respondents to the Spanish Tourism Office survey were asked to rate how safe they felt in various countries on a scale of one to ten, with Spain getting an overall average rating of 9.8.

Sea-front properties in Thailand performing strongly

Wed, 9 Feb 2011 00:00:00 GMT

Luxury homes facing the sea are among the best-performing on the Thai island of Phuket, according to CB Richard Ellis' latest real estate report.

The firm's Residential Market View for Q3 2010 has highlighted the recovery of tourism to the island as one of the major factors in the rebound, adding that this trend will continue as the year progresses.

According to the report, properties that have sea frontage, an established reputation and entry level projects are among the best performing sectors of the real estate market.

CBRE estimates that approximately 84 per cent of units in completed buildings have been sold and the average asking price of condominiums by developers is approximately THB 90,000 per square metre.

The company also said that the number of international passenger arrivals to Bangkok Airports increased by a total of six per cent in December and international arrivals to Phuket increased by 25 per cent.

House-swapping rising in popularity in Spain

Thu, 3 Feb 2011 00:00:00 GMT

Government spending cuts and austerity measures are causing holidaymakers to rethink their travel plans, a new survey has found.

Lloyds TSB Insurance has claimed that house-swapping for holidays is making a comeback as a result of the tough times.

Research has shown 3.4 per cent of adults - twice the number of a year ago - have already arranged a house swap in 2011. The online study of 2,000 UK adults also showed that 15 per cent of house-swappers were heading for Spain, 15 per cent to Italy, 12 per cent to France and ten per cent to the US.

It may encourage a number of people to buy property in Spain to take advantage of the growing trend.

Paul Spillane, head of home claims at Lloyds TSB Insurance, said: "House-swapping looks set to be the trend of the year - it's easy to see why, as this type of holiday caters for so many different tastes.

"To ensure people make the most of their house-swap holidays, we're urging them to alert their insurers before taking part in an exchange so they don't jeopardise their cover."

Head inland to experience Spain, holidaymakers told

Wed, 2 Feb 2011 00:00:00 GMT

Holidaymakers in Spain and Portugal should head inland if they want to experience the true nature of the countries, it has been claimed.

Rather than taking trips to the coast, Lonely Planet has recommended that visitors travel only around ten miles from the Costas to take in a "totally different atmosphere where things are still very traditional and very Spanish".

The news may be of interest to those looking to buy property in Spain, with inland locations likely to rise in popularity.

"If you are looking for a distinctive Spanish or Portuguese experience then you should try and do a little bit of exploring inland rather than just sticking to beaches," Tom Hall, travel editor at Lonely Planet, said.

"Exploring inland, for example if you're on the Costa in Spain, if you can go ten miles inland, you will often find a totally different place, a totally different atmosphere, still very traditional and very Spanish."

Spanish property investment gets boost from cheap travel

Sat, 29 Jan 2011 00:00:00 GMT

British investors are being encouraged to buy property in Spain by the current cheap travel deals on offer, it has been suggested.

Sue Ockwell, spokesperson for the Association of Independent Tour Operators, noted that a growing number of Britsh people are choosing to travel and acquire property within the eurozone because of cheap prices and familiarity with the destinations.

"I think an awful lot of people are realising how lovely places closer to home are – France, Italy and Spain, for example," she said. "There is so much to see and do in those places."

The comments come after the recent Post Office Travel Services Holiday Money Report found that Spain is currently the cheapest eurozone destination and fourth placed worldwide, showing a price fall of 30 per cent for the same travel areas surveyed a year ago.

This is part of a general trend, in which every eurozone country surveyed is cheaper than last year.

"A lot of people have got second homes in Spain - they will tend to use the no-frills carriers," said Ms Ockwell.

'Value for money' offered in Egypt

Fri, 28 Jan 2011 00:00:00 GMT

Egypt offers visitors excellent "value for money" and is one of the few long-haul destinations around the world where sterling has strengthened.

According to the country's tourism board, visitors will find that their money is able to go further on a trip to the North African destination.

In addition, the Holiday Money Report, published the Post Office Travel Money, revealed that sterling has strengthened compared to last year, which may also interest those looking to buy property in Egypt.

Khaled Ramy, director UK and Ireland of the Egyptian State Tourist Office, said: "The numbers for December show an increase in British holiday makers travelling to Egypt of more than six per cent compared to December 2009.

"The total number of Brits visiting Egypt during 2010 was more then 1.4 million with an increase of eight per cent compared to 2009."

Meanwhile, property agent Colordarcy recently claimed that a rapidly growing tourism market in Egypt helped to bolster the country's property market last year.

Southern Spain to become more accessible to investors

Fri, 28 Jan 2011 00:00:00 GMT

Improved transport links, government investment and better employment prospects are all expected to help boost property investment in southern Spain.

The opening of Corvera Airport near Murcia is expected to triple visitors to the region and increase rental occupancy in the area by 25 per cent, Atlas International explained.

In addition, the estate agent revealed that the government in Spain has set aside €555,700 for improvement projects in the Alicante region.

This includes funds to finish the high speed rail link which connects it to Madrid.

James Dearsley, European sales director at Atlas International, states: "There are many reasons why I believe Murcia or more specifically the South Costa Blanca stands to gain in 2011.

"These include its national parks, beaches, Championship Golf Courses, Government investment in the area, the opening of Corvera airport, a Paramount Theme Park opening in Murcia and the increase on competitive flights to the area."

Residential prices increase in Turkey

Fri, 28 Jan 2011 00:00:00 GMT

Individuals hoping to purchase property in Turkey may be interested to hear that residential prices in the country are increasing.

Home values in five of the country's major cities climbed during December compared to the previous month, the REIDIN Turkey Residential Property Price Indices showed.

Indeed, in Adana, Ankara, Istanbul, Izmir and in Kocaeli prices rose by 1.36 per cent, 0.47 per cent, 0.55 per cent, 0.09 per cent and 0.94 per cent respectively, the firm revealed.

The positive figures come after Jim O'Neill, a Goldman Sach's economist, forecast that the economy in Turkey would surpass all expectations this year.

And official statistics show that despite the economic downturn Turkey has continued to attract overseas visitors. Some 28 million foreign travellers went to the country in 2010, an increase of over five per cent compared to the previous year.

According to the Turkish Hoteliers Federation's annual tourism report, in 2011 total tourism revenue is expected to reach $25 billion with 31 million visitors.

Capitalise on 'bargain' US prices now, investors told

Wed, 26 Jan 2011 00:00:00 GMT

Savvy investors have been told to act now if they want to capitalise on the wealth of distressed property available in the US market.

Garrett Kenny, chief executive officer of CB Feltrim, told Overseas Property Professional that the bargain prices seen in the market will not be available for long.

"International buyers who sit on their hands could miss out on the bargain of a lifetime if they don't act now," he explained.

"However these prices won't last forever as property is suddenly starting to look much more desirable in Florida. All the fundamentals for price rises are in place."

Indeed, low interest rates, rising employment and a booming tourism industry are all likely to combine and push prices back upwards.

Economists in the US currently predict that US house prices will bottom this spring before gradually starting to rise in 2012, the news provider added.

The news could inspire a number of potential investors to buy property in the US at these current prices before they start to climb once again.