Global Real Estate & Investment News from Propertyshowrooms.com

Florida airport set for new investment

Fri, 5 Sep 2008 00:00:00 GMT

An airport in Florida is due to receive new government money for improvements that may help increase the number of tourists flying to the city, something which may interest those investing in property in the state....

Alpine resorts 'still growing in value'

Fri, 5 Sep 2008 00:00:00 GMT

The value of property in French Alpine resorts is still on the up, a property firm has stated.

Ascendant Property told Property Wire that there have been large year-on-year price increases in such resorts, with figures including 13....

France 'not a boom-bust market'

Thu, 4 Sep 2008 00:00:00 GMT

The French property market is still seeing prices rise, new figures have indicated.

Knight Frank's Global House Price Survey figures for the second quarter of 2008 revealed that during that period the annual rate of house price growth in the country was 3....

Italian property stays stable

Thu, 4 Sep 2008 00:00:00 GMT

Property prices in Italy have continued to rise at the same level as a year ago, new research has found.

Knight Frank's Global House Price Survey figures for the second quarter of 2008 found that annual Italian property price inflation stood at 5....

Australia trims interest rates

Thu, 4 Sep 2008 00:00:00 GMT

The cost of borrowing in Australia to purchase property may be about to come down as the country has cut interest rates for the first time in seven years.

Following recent falls in the rate of economic growth the Reserve Bank of Australia lowered the official cash rate by 0....

Turkish medical care 'of high quality'

Wed, 3 Sep 2008 00:00:00 GMT

In news that may interest those thinking of investing in Turkish property, it has been stated that the quality of medical care in the country is of a very high standard, meaning that those who go to live there or undertake long holidays need not worry about their treatment should they need it....

Property survey reveals some markets still booming

Wed, 3 Sep 2008 00:00:00 GMT

A survey by international property firm Knight Frank has revealed a mixed picture around the world for property price appreciation.

While the overall level of property price rises is down from 6....

French tourism 'still doing well'

Wed, 3 Sep 2008 00:00:00 GMT

In news that may interest those looking at buying into tourist rental property in France, a minister has said the country has managed to sustain its visitor numbers much better than many of its neighbours....

Cyprus tipped as bargain investment location

Tue, 2 Sep 2008 00:00:00 GMT

Those investing in overseas property may still find good deals in many markets, it has been claimed.

Citywire has stated that traditional overseas markets remain popular, although Cyprus is one of the best bargain locations for European investors....

Corsica 'has more than one tourist market'

Tue, 2 Sep 2008 00:00:00 GMT

In news that may interest those thinking of investing in French property, it has been stated that Corsica has more than one tourist market.

Lucy White, editor of the Rough Guide to Corsica, explained this misconception, stating: "Corsica is generally thought of as an expensive, luxurious getaway - especially in the south around Porto-Vecchio and Bonifacio....

Portugal 'seeing tourist growth surge'

Tue, 2 Sep 2008 00:00:00 GMT

Portugal has seen a major surge in tourist numbers in recent years, it has been stated.

In a development that may interest those looking at investing in the country's property market for buy-to-let purposes, figures from the World Trade Organisation have indicated a ten per cent rise in visitor numbers in the country in 2007, with a further increase expected this year, Homes Worldwide reports....

Fast sinking hoped to raise tourism in Turkey

Mon, 1 Sep 2008 00:00:00 GMT

The Turkish resort of Bodrum on the Aegean coast is hoping to attract 150,000 more tourists through the diving attraction it has provided by deliberately sinking two warships and a plane last year.

Bodrum Black Island Artificial Ledge and Sunken Rocks project was begun last year in a bid to create a major diving attraction to bring in the crowds, Hurriyet reports....

UK investor hails Bulgarian market

Mon, 1 Sep 2008 00:00:00 GMT

A British investor has said that Bulgaria offers those looking to buy overseas an exciting new emerging market that makes a good alternative to the traditional destinations for British buyers.

Greg Marshall from Solihull told Property Wire he went for Bulgaria as he was keen to buy somewhere new and with potential for growth....

Hollywood hotspots 'may enjoy property boost'

Mon, 1 Sep 2008 00:00:00 GMT

Exposure on the silver screen may boost some countries as property hotspots, it has been suggested.

Research by the Property Investor Show has revealed that several countries are gaining in this respect, naming this year's three biggest beneficiaries as Spain, Australia and Panama, Country Life reports

Those attracted to parts of Spain such as Aviles, Barcelona and Oviedo as a result of the latest Woody Allen film Christina Barcelona (starring Penelope Cruz and Scarlett Johansson) should look for an older property, Steve Long from Casacalida Properties in Spain told the magazine....

EU membership will help long-term Turkish growth, says expert

Fri, 29 Aug 2008 00:00:00 GMT

A property expert has said the Turkish market is growing quickly even without the country being a European Union (EU) member.

Turkey is a candidate for EU status but according to Liam Bailey, Property Wire's global markets expert, the country is already seeing a boom....

New off-plan regulations introduced in Dubai

Fri, 29 Aug 2008 00:00:00 GMT

The Gulf emirate of Dubai has brought in new regulations concerning off-plan development.

In an attempt to provide better regulation, the emirate will now forbid any off-plan sales of unregistered property, Gulf News reports....

Dubai 'will not be hurt' by visa change

Fri, 29 Aug 2008 00:00:00 GMT

A change to visa requirements for overseas property investors entering Dubai will not harm the market there, it has been stated.

On the instructions of the Dubai Naturalisation and Residency Department (DRND) some developers have ceased issuing residency visas to investors, but suggestions that this will disadvantage the Dubai property market have been rejected by the head of research in the Middle east for Standard Chartered Bank Marios Maratheftis, the Khaleej Times reports....

Egypt 'offers non-eurozone advantages'

Thu, 28 Aug 2008 00:00:00 GMT

Those buying overseas property may be financially much better off by looking outside the eurozone, it has been suggested.

Egyptian property developer West Side Village has suggested that the north African country is a good example of how better value can be achieved, noting that at present the euro is trading at EUR1....

Cyprus listed as top tip for investors

Thu, 28 Aug 2008 00:00:00 GMT

Cyprus is an outstanding place for overseas property investors to put their money as it is outperforming most other markets, it has been stated.

BuyCellCyprus referred to the Royal Institution of Chartered Surveyors European Housing Review 2008, which described the country as "a rare case of a country shrugging off the gloom" in which price rises seemed to be "accelerating"....

Buy-to-let 'good in French cities'

Thu, 28 Aug 2008 00:00:00 GMT

The major cities of France are proving fertile ground for buy to let, an expert has stated.

Founder and managing director of VEF Trisha Mason said such locations are among the best places in the country that people can invest, with an undersupply of apartments with good interior design for young professional couples....

Olhao says hello

Wed, 27 Aug 2008 00:00:00 GMT

The Portuguese resort of Olhao has been tipped to emerge as a new hotspot after recent developments in the vicinity.

Located on the Algarve, the Village Marina Olhao is a new project that may help attract investors to the area, homesgofast....

Cyprus 'offering many investment opportunities'

Wed, 27 Aug 2008 00:00:00 GMT

There are many ways investors can fund the purchase of an apartment in Cyprus, it has been suggested.

Most buyers looking to raise equity on their existing property will be able to accrue between 20 and 30 per cent of the figure required for a deposit on such a property, Corsavoo....

Investment law change expected to boost Turkish property market

Wed, 27 Aug 2008 00:00:00 GMT

Changes to property investment laws in Turkey could boost an already thriving property market, it has been suggested.

According to Hot News Turkey, investment in Turkish property has reached USD10 billion (GBP5....

Record number of Britons moving abroad

Mon, 25 Aug 2008 00:00:00 GMT

A record number of people from the UK are choosing to emigrate, official figures have revealed.

The Office for National Statistics (ONS) found that last year, 406,000 people living in Britain opted to move abroad....

Tourism to boost rental demand in Turkey

Mon, 25 Aug 2008 00:00:00 GMT

Owners of rental accommodation in Turkey may be in line to benefit from an influx of British visitors over the next few days.

According to online travel agent TravelRepublic, the European country is attracting a large number of bank holiday tourists....

Bulgaria 'is a good place to invest'

Mon, 25 Aug 2008 00:00:00 GMT

Overseas property buyers have been advised to consider potential investment opportunities in Bulgaria.

According to Quest Bulgaria, the eastern European country is currently a very good place in which to buy a residence....

American Airlines announces new Brazil routes

Fri, 22 Aug 2008 00:00:00 GMT

Transport links between the US and Brazil are set to be enhanced before the end of the year, it has been confirmed.

According to American Airlines, new routes to the South American nation will be launched from Miami in November....

More Britons purchasing Bulgarian currency

Fri, 22 Aug 2008 00:00:00 GMT

Investors in the Bulgarian market could be in line to benefit from growth in the country's tourism sector.

According to the Post Office, demand for Bulgarian currency has been going up steadily in the last three years....

Technology 'good for expats'

Fri, 22 Aug 2008 00:00:00 GMT

Modern technology has been praised for helping to improve the lives of people who have relocated abroad.

According to NatWest International, many expats find missing friends and relatives at home is the only downside of living overseas....

2 million Britons to head abroad for bank holiday

Fri, 22 Aug 2008 00:00:00 GMT

Approximately two million people from the UK are set to leave the country behind for the August bank holiday weekend.

The Association of British Travel Agents (Abta) stated that many are taking the opportunity to escape "the wettest August in years" in search of better weather overseas....

Property buyers advised to look at Portugal

Thu, 21 Aug 2008 00:00:00 GMT

Overseas property buyers have been encouraged to consider snapping up a residence in Portugal.

Gulf Weekly stated that the European country offers a very affordable and reliable market.

As a result, it has become the favoured destination for a significant number of foreign buyers, in particular those who want a holiday home abroad....

Panama investment 'could be lucrative'

Thu, 21 Aug 2008 00:00:00 GMT

Overseas property buyers could find Panama a highly lucrative investment market, industry analysts have said.

According to FC Exchange, the Central American country is a less mature market than many European nations, such as Switzerland and France....

Britons take breaks in Dubai

Thu, 21 Aug 2008 00:00:00 GMT

Holidaymakers from the UK are increasingly booking holidays to luxury destinations such as the United Arab Emirates (UAE).

This is the conclusion of Holidays-Direct, which found that the poor weather in Britain is prompting many to fly out to sunny locations....

Budget airline opens up Turkey

Wed, 20 Aug 2008 00:00:00 GMT

Tourism in the Turkish resort of Dalaman is likely to be boosted by forthcoming accessibility improvements.

According to Flyglobespan, weekly flights to the popular holiday destination will be launched from Aberdeen in May....

Bulgarian slowdown 'could be temporary'

Wed, 20 Aug 2008 00:00:00 GMT

The recent slowdown in the Bulgarian housing market may only be a temporary lull, experts have suggested.

Foreign Property Buyer said issues such as overpriced houses, unfavourable credit terms and supply exceeding demand have fuelled a drop in the rate of house price inflation....

Cape Verde 'is a property goldmine'

Wed, 20 Aug 2008 00:00:00 GMT

Cape Verde has been flagged up as a potentially lucrative emerging property market.

According to Property Wire, the west African archipelago is currently benefiting from ongoing infrastructure improvements....

Egyptian house prices praised by expat

Tue, 19 Aug 2008 00:00:00 GMT

An expatriate from the UK has praised the relative affordability of luxury homes in Egypt.

According to Mark Millson, originally from Aberdeen, property buyers can far more for their money in the African nation....

Bulgaria 'offers year-round attractions'

Tue, 19 Aug 2008 00:00:00 GMT

Overseas property investors could benefit from Bulgaria's year-round holiday industry, experts have stated.

John Howe & Co, a West Yorkshire-based law firm, said the eastern European country is very popular with foreign leisure travellers....

Brazil tipped to attract more investors

Tue, 19 Aug 2008 00:00:00 GMT

Brazil is likely to attract more interest from foreign property buyers in the near future, an expert has predicted.

According to Richard Way, editor of A Place in the Sun Magazine, the country is set to host the Fifa World Cup in 2014....

Foreign investors drawn to Brazil

Mon, 18 Aug 2008 00:00:00 GMT

Brazil is attracting more and more attention from foreign property buyers, according to an industry expert.

Richard Way, editor of A Place in the Sun magazine, said the South American country is proving to be a very popular market with people from overseas....

Bulgaria flagged up as lucrative investment market

Mon, 18 Aug 2008 00:00:00 GMT

Foreign property buyers could be able to collect healthy returns in Bulgaria, according to industry experts.

Investment company Aston Lloyd said emerging destinations across the world tend to be highly lucrative markets for second home buyers....

Holiday season 'could boost overseas property market'

Mon, 18 Aug 2008 00:00:00 GMT

Many Britons may be more inclined to buy a property abroad after their recent holidays, analysts have suggested.

According to Moneyspider.com, the peak tourism season typically fuels people's desire to relocate to another country....

Financially-stretched Britons pointed towards cheap markets

Fri, 15 Aug 2008 00:00:00 GMT

Britons who are feeling the pinch amid the current economic climate have been advised not to be put off buying property abroad.

According to Paul Collins, property editor at BuyAssociation, the financial downturn has left many people without the disposable income they need to buy and maintain a home in some locations....

Britons look beyond Europe

Fri, 15 Aug 2008 00:00:00 GMT

Holidaymakers from the UK are becoming increasingly keen to leave Europe behind, it has been revealed.

According to a study by Cater Allen Private Bank, 63 per cent of Britons want to visit a long-haul destination....

Tourism 'is important to Turkey's economy'

Thu, 14 Aug 2008 00:00:00 GMT

A government official has hailed the tourism sector's contribution to the Turkish economy.

According to Ismet Yilmaz, undersecretary of the country's tourism and culture ministry, the holiday industry is the single biggest generator of wealth in Turkey....

Celebrity couple invest in Cyprus

Thu, 14 Aug 2008 00:00:00 GMT

Celebrities Peter Andre and Katie Price have just purchased a property in Cyprus, it has been revealed.

According to OK! magazine, the famous couple recently bought an off-plan residence near Larnaca....

Egypt attracts more British visitors

Thu, 14 Aug 2008 00:00:00 GMT

British consumers are increasingly booking trips to non-eurozone destinations such as Egypt.

Figures from Thomas Cook showed that the north African country is proving to be particularly popular with those who plan to head abroad later this year....

Credit crunch is driving IT outsourcing in UK property sector, says Connect

Thu, 14 Aug 2008 00:00:00 GMT

Connect, the IT support company for small and medium enterprises, has today revealed new figures that show IT outsourcing in the property sector is gathering pace as a direct result of the credit crunch...

Property in Australia 'is affordable'

Wed, 13 Aug 2008 00:00:00 GMT

The affordability of property in Australia has been highlighted by an expatriate from the UK.

Rebecca Leeson sold her two-bedroom end terrace house in Northamptonshire in order to relocate to Australia....

Investors pointed towards Cyprus

Wed, 13 Aug 2008 00:00:00 GMT

Cyprus has been flagged up as an ideal market for overseas property investors in the UK.

Homes Overseas described the Mediterranean island as an "elite" location, since it offers strong investment potential....