March 19, 2007
Why Cyprus is attracting Britons in increasing numbers
British investors who are looking for property overseas could possibly be interested in looking at Cypriot acquisitions. The island is becoming increasingly popular with Britons – both as a holiday resort, second home or for a buy-to-let investment opportunity. British people reportedly make up the largest expatriate community on the island.
So what is it Cyrpus that is so attractive to them? First, there are the familiarities. Despite being located in the Mediterranean, Cypriot life bears some similarities to life in the UK. The legal system, for instance, is largely based on the English model and there is a similar method of land registry and conveyance in operation.
Cypriot people drive on the left hand side of the road the same as British drivers do and most speak a good standard of English. The banking system is also based on English methods and the currency is the (Cypriot) pound. In fact, aside from the good weather and cheap cost of living, the British traveller could almost be forgiven for thinking they were in a home away from home.
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Posted on: Cyprus
March 16, 2007
Buyers Market in Orlando Florida
The property market in Central Florida has shifted in the past year from a seller’s market to a buyer’s market. While there are still some areas that have reported gains in prices and value, the overall property market has definitely changed. This means that it is the best time to buy and invest on real estate in the Sunshine State. It is an even better time for international property investors with the dollar being so low against foreign currencies.
Posted on: Florida
What’s new in Portugal’s property market?
Property prices in the country have risen at around 15-20 percent per annum since 1993 due to the revised planning regulations of Portugal’s property market to guarantee that the new developments are at par with the surroundings of the property.
Posted on: Portugal
Second Homes ‘Ruining Tuscany’
In its aim to preserve the natural beauty of Tuscany in Italy, pressure group Legambiente is renewing its call on development restrictions. They claim that the region’s beauty and history are threatened by “rivers of cement” as a result of the demand for holiday homes in the area.
Posted on: Italy
Florida prepares for eminent domain restrictions
The Sunshine State received hot news in the property investment industry lately. Voting citizens in sunny Florida are gearing up for a ballot on November 7 that should strengthen the property rights of citizens against the use by local and state authorities of eminent domain (compulsory purchase) legislation.
Posted on: Florida
French property now more attractive
French properties are now looking more and more ravissant, as the French would put it. Real estate in France has become even more attractive with recent changes in the way French Leaseback property is taxed on its sale. Recent changes in France have taken away the necessity to pay VAT on French Leaseback properties when they are sold. This makes this type of French property an attractive overseas property investment.
Posted on: France
March 15, 2007
Property Ownership in Cyprus
Cyprus Property Ownership
Foreign investors looking for a property in Cyprus have free ownership to the title of the property since Cyprus has been part of the EU since 2005, and EU citizen don’t require any working permit for the foreigners.
Cyprus Mortgages
Foreign investors have no difficulty in getting a mortgage since mortgage companies in the country are undergoing a drastic change. The usual payment of properties in Cyprus is 60%-80% of the purchase price payable within 10 and 20 years.
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Posted on: Cyprus
Turkey ‘presenting good opportunities’
Following reports that Cyprus is presenting good buy-to-let market opportunities, some investors are interested to hear of equally positive news from its neighbour Turkey. According to a research conducted by foreign investment guide Amberlamb, Turkey has potential for both growth of property prices and growth in demand for rental property.
According to Amberlamb director Rhiannon Williamson, Turkey is a better market for British investors than some others that have recently been proved popular. She says the region certainly has more going for it in terms of potential for price growth and demand for rental accommodation. However, she also cautions potential investors in a Turkish property to exercise caution.
According to Williamson, build quality is a serious issue that needs to be considered. The location of the property, as with any property investment, is of prime importance in terms of long-term attraction as well. However, provided the right property is obtained, there should be no problems with generating rental income or obtaining a good resale price, she claims.
Property Ownership in Cyprus
Cyprus Property Ownership Foreign investors looking for a property in Cyprus have free ownership to the title of the property since Cyprus has been part of the EU since 2005, and EU citizen don’t require any working permit for the foreigners.
Cyprus Mortgages
Foreign investors have no difficulty in getting a mortgage since mortgage companies in the country are undergoing a drastic change. The usual payment of properties in Cyprus is 60%-80% of the purchase price payable within 10 and 20 years.
read more
Posted on: Cyprus
March 13, 2007
Alpine town to benefit from improved transport links
Although many people prefer some fun under the sun for summer, there are many who prefer a cooler ski holiday on the piste. Nowadays, there are several ski destinations to choose from. Several ski destinations in Europe have benefited from the recent increase of low cost airline routes. In the past, Ski holidays were exclusive for those who can afford, but the increase in budget airlines have opened up the market.
The new St Pancras International Terminal in London may also positively affect ski tourism. Expected to be completed later this year, the station will become the launch point for Eurotunnel journeys to France. Trains will travel at faster speeds than ever before. On ski season, the station will host a weekly direct service to several destinations like Bourg St Maurice in the Alpines.
Posted on: London
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