Demand for high quality commercial and residential property continues to grow across Africa on the back of the continent’s sustained strong economic growth and rising wealth, according to Knight Frank’s newly released Africa Report 2013.
The number of properties purchased in Spain by foreigners rose for five consecutive quarters between 2011 and 2012.
One of the most up and coming countries in the Caribbean, St Lucia is famous for its lush countryside. With its great tax incentives more and more investors are taking an interest in this country.
In spite of the pressure on the Euro and the general state of the Spanish economy the Balearic Islands have had a good year according to Engel & Völkers Estate Agency. Sales were up by over 9% over the previous year and sales volume increased by over 8%.
Gibraltar: Britain in the Sun Coming soon to Channel 5, Gibraltar: Britain in the Sun, an observational documentary series produced by Shiver, an ITV Studios company, about Gibraltar, one of the world’s smallest overseas territories.
On 28 December Thailand welcomed its 21 millionth international tourist for 2012 with final figures expected to nudge 22 million for the year.
News this month from the Malaga Developer’s Association reveals that the Russians have overtaken the Germans to become the second largest international home buying audience on the Costa del Sol. Marbella agent Spanish Hot Properties believes this is a trend to continue.
With sales and prices on the increase, and the number of British investors looking to buy a property in the US on the rise, now is the time to invest in the distressed markets in US cities like Detroit according to investment agency, Crystal Investment and Real Estate.
In a “crisis” the wealthy tend to hold firm. According to Sotheby’s International Realty this is certainly the case and nothing can dent the love affair that well-heeled Europeans, and now Americans, Russians and Chinese, have with the sunshine and lifestyle offered by Mallorca and Ibiza.
Emerald Knight, the ethical investment specialist, is offering an exclusive opportunity to invest in a social housing scheme in Brazil, with projected fixed returns of 20% after one year.
France has rubber-stamped its position as the UK’s favourite place to buy overseas property, attracting the largest share of enquiries into information provider The Overseas Guides Company (OGC) for each quarter of 2012.
Having sold a very pleasing seven homes in December, a month that isn’t always seen as a buoyant month for buying, Murcia-based estate agent Mercers is very positive about what’s to come in 2013.
In 2012, sales and turnover for Spanish Hot Properties were both up 25% on 2011. For 2013 the estate agent has even higher hopes, a 50% predicted increase in turnover on 2012, largely due to a Google-friendly website that will rank strongly as the market recovers. So why the positivity?
14.5 million Brits tuned in to watch Bradley Wiggins crowned BBC Sports Personality of the Year last night. 1,000 miles away, expats in Mallorca were also celebrating the cyclist’s victory as Bradley has adopted the Balearic Island as his training destination of choice.
As the recession takes its toll, many Brits with second homes abroad are being forced to sell up and return home.
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