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October 30, 2007
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.
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.
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.
Posted on: Morocco
Costa Chief Warns of Murcian Overdevelopment
Francisca Baraza, head of the Spanish coastal department for the Murcia region, warned that the region faces a “collapse” in its infrastructure due to the huge increase in its population expected over the next few years.
In a statement posted on the website of the regional Socialist Party (PSOE), Baraza says that an extra 5,512 houses are scheduled to be built in Murcia over the next five years in some 33 “urbanisations”.
Baraza claims that this will lead to the collapse of the road system, a deterioration in the quality of water, the lack of green areas, and a shortage of public services.
Posted on: Spain
New Town Planning Force for Spain
Spain’s Guardia Civil (Civil Guard) is goint to create a new 200-strong task force to combat illegal construction, abuses of town planning, and property-related corruption.
Joan Mesquida, director-general of the Guardia Civil, disclosed the plans to the leading national daily El Pais, saying that cases such as the ongoing scandal in Marbella required much more forceful and coordinated action than the previous attempts and initiations.
Posted on: Spain
October 25, 2007
New property hits the market in Italy
Brand new property in Italy is something of a rarity, or at least that was the case five to ten years ago.
It used to be the case that those wanting to buy property in Italy were pretty much resigned to - or perhaps excited by - the fact that the property would be old and in need of work. But times change and the need for brand new properties has grown enormously in recent years.
“The Italians have been so used to older properties that they are more enthusiastic towards newer property than one would imagine”, says Linda Travella of Casa Travella, “and whilst there will always be a market for converting older buildings into modern-day residences, there is now a growing number of clients on my books looking for something brand new or converted”.
Casa Travella is currently marketing new, two- and three-bedroom properties at Lido Di Metaponto in the Basilicata region. The residential-style development is close to the beach and the Club Med Village, and is within easy access from Bari or Brindisi airport. Prices for the properties start from £80,000.
Posted on: Italy
Algarve golf gets €1 million boost
The Algarve’s regional tourist authority will invest nearly one million euros in the promotion of golf courses to the European and Portuguese markets this year, according to local press reports. English-language newspaper The Resident estimates that the sport contributes 75 million euros directly and 350 million euros indirectly to the region’s economy. The previous year more than one million rounds of golf were played in the Algarve.
Posted on: Portugal
US Visa scams & Florida Brits on TV
US Visa scams & Florida Brits on TV
A recent television documentary featured US Visa scams where majority of the victims were Brits. One of Britain’s most popular documentary TV programmes ‘Tonight with Trevor McDonald’ bought into question the immigration policy where Brits who had bought property in Florida and invested in the region were not guaranteed the right to live in the United States. The documentary showed a couple who ran a company with American citizens as employees and had settled into Florida life but lived in uncertainty every two years about their status in America.
Mick Leggett, a city businessman, is awaiting trial in the US over an alleged visa scam. According to the show, he is one of those who tried to con Brits out of their money. One case showed John Sewell paying a company Royal Development $120,000 in May of 2004 after selling his property to invest in the venture which he was told would guarantee his Visa. The 50-year-old investor has yet to see returns on his money or the promised visa and has since been embroiled in a legal battle with Mr Leggett. According to the documentary, Sewell is extremely pleased that Leggett is being investigated. “I want to see Mick Leggett go down for a very long time because he has totally destroyed my family,” claims Sewell.
Posted on: Florida
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