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October 31, 2007

Where do the experts think will be hot in overseas property in 2007?

Although Bulgaria is gaining so much attention from the overseas property market because of its highly anticipated EU membership, a recent report from investment specialists Assetz says that Bulgaria is not considered to be a leader in the list of the hottest property markets in 2007.

In spite of the fact that Bulgaria will receive its long anticipated accession into the EU, the investment specialists believe that the country’s real estate market will take a hiatus in the next 12 months and that “instant gains are over for the time being”. However, Assetz predicts that investing on Bulgarian homes will still generate huge financial gains.

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Posted on: Bulgaria

Portugal for Overseas Investors

Portugal is still the best place to beat – with its tranquil beaches, peaceful holiday locations, wonderful hot spots and of course, many golf courses, but when it comes to property investment, there is not many, except for some apartments in Algarve region being occupied by visitors and foreigners.
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Posted on: Portugal

Portugal and how to Buy Property in Portugal

Property buying in Portugal is relatively direct to the point but it is advisable that investors need to seek the aid of a local solicitor who is used to property conveyancing and who can explain the proper and right way of the law since the law keeps on changing every time and of course, there is this issue of language barriers.
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Posted on: Portugal

October 30, 2007

The romance of Italy lures Brits

Italy is considered a gem, a dream destination for holiday getaways, but now, more and more vacationers are considering staying in Italy for good. Many are dreaming of buying a house in the romantic region of Tuscany,

The romantics and the art lovers are drawn to the Roman ruins, the structures of history, Renaissance art, regal architecture, the majestic mountains, placid lakes and idyllic islands. No doubt a place of romance, Italy is also known for its pebbled streets fragrant with lemon trees, Bougainvillea and olive vines. It is also known for exceptional wine, fantastic cuisine and great shopping.

For the nature lovers, Italy has sandy stretches on the southern coast and Sardinia or ski resorts in the Alps. Artists flock to the art galleries and museums and explore the works of Michelangelo and Leonardo da Vinci.

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Posted on: Italy

Mixed news for Turkish property buyers

There is good news and bad news for those hoping to purchase a Turkish property in the not so distant future.

The good news comes in the form of a new mortgage service that has been introduced which will make the purchasing process of Turkish property easier. An agreement has been signed between the property agency, Turkish Homes, and UK overseas mortgage specialist, Conti Financial Services Ltd. The agreement will allow the company to assist buyers with obtaining mortgages for purchasing property in Turkey.

The amount of mortgage available to clients will be based on the buyer’s net earnings. Mortgages are available from 60-80 per cent of the value of the property. This depends on the location. The maximum term of the loan is up to 20 years. Interest rates begin at roughly 6.10 per cent for a Euro mortgage. This is assuming that potential buyers show up with a competitive offering.

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Posted on: Turkey

French Minister Warns Over Prices

Jean-Louis Borloo, French housing minister, warned that house prices in the country were likely to fall over the next two or three years following several years of solid growth. Speaking at the French parliament, Borloo said that there would be a marked fall in French property prices in what he described as a return to normal market.
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Posted on: France

October 27, 2007

Budget Airline Boost For Cyprus

Cyprus has always been a safe bet for British buyers, especially buy to let investors, wanting to buy a property here in this country. With a fairly steady influx of tourists and foreign visitors keeping the property market afloat over the years, it is quite safe to assume that buying property in Cyprus is a good investment.

And now, this country is set to be reward with down spiraling airline prices between budget airlines. There are several airlines which have a cheap flight to the country, and Monarch Airlines has also joined in the fray, offering flights one way between Luton and Larna for as low as 69.99. According to Tim Jeans, managing director of Monarch’s scheduled services, they are quite ecstatic about offering such a service. He said that with this new service, tourists and foreign visitors alike are expected to welcome this new service, since property in Cyprus is ever-increasing and growing for the past years.
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Posted on: Cyprus

The regions and areas of Florida uncovered

Whether you’re searching for a holiday home, permanent residence or investment property, the Sunshine State is the perfect place with its friendly sun and beautiful beaches.

For this reason, Florida property prices have risen significantly in the last few years. According to the Florida Association of Realtors, between July 2004 and July 2005, the rates increased by 33 per cent. However, inspite of the increase, many are still seeing Florida as a place for a sound property investment. If you wish to invest, here’s a quick tour of the Sunshine State.

North West Florida
Some of America’s best beaches nestle along this region’s coastline. Unfortunately, some have been ruined by extreme modernization and commercialization. The Tallahassee regional airport can be accessed from any of Florida’s airports run by UK. The main towns in Nort West Florida are Pensacola and Tallahassee. The later is Florida’s state capital and is the north-west’s largest habitable city.

North East Florida
This coastline borders the Atlantic. It is lined by golden beaches and miles of peninsulas flanked by barrier islands. Jacksonville airport is not very well served by flights from UK, but can be reached by air from inside Florida. North East Florida is dominated by the state’s largest city, Jacksonville. Ponte Vedra is one of the many exclusive communities in the region.

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Posted on: Florida

Valencian Government Announces Landscape Law

Valencia’s regional government is drawing up legislation aimed at protecting the region’s mountains and cliffs, according to reports. The new Landscape Law will ban construction on hilltops and cliffs as well as on any land with a gradients of over 50 percent. This is according to regions territories and housing councillor Esteban Gonzalez Pons.

The law will also require developers to integrate local plant life into projects, or replant flora nearby so as not to compromise the area’s ecology, according to Councillor Gonzalez. The government aims to publish the law before the next regional elections come spring.

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Posted on: Spain

October 26, 2007

Morocco property investment set to grow

As Morocco’s Azure Plan and Vision 2010 target draws closer, the country is set to attract an increased amount of tourism and property investment.

Morocco’s Azure Plan and Vision 2010 was announced in 2001 by the country’s new King Mohammed VI. It intends to increase tourist numbers into the country from two million to 10 million by 2010 through developing major tourism property development projects. Included in Vision 2010 is the development of six major resorts on 600 to 1,000 hectares, with golf courses and amenities.

Since 2001, Morocco’s Azure Plan market has grown by around 50 to 75 per cent with the first new properties being launched two years ago. New developers moving into the market include local companies and developers from Dubai and Europe.

The average property price in Morocco is currently between £100,000 to £125,000. However, the market caters to the £50,000 budget as well as luxury multi-million pound properties. There are a variety of types of property available in the Azure Plan including apartments and villas.

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Posted on: Morocco