Overseas Property
Pretty Puglia - Italy's hidden gem
Puglia, one of Italy's hidden gems is located on the heel of Italy's boot, and is bordered by 2 seas the Adriatic and Ionian.
Award win for Spanish estate agent amidst soaring sales
Murcia estate agent, Mercers, has chalked up yet another Award win taking five star “Best Real Estate Agency Spain” in the International Property Awards Europe in association with Yamaha. The news completes a fantastic September which has seen the highest sales volume since 2005.
Ascott expands in Vietnam opening new Somerset branded residence
The Ascott Limited (Ascott) has won a contract to manage a new 100-unit serviced residence in Ho Chi Minh City, Vietnam, under the Somerset brand.
Spain’s Bad Bank unlikely to be foreign-friendly
As a condition of European bailout, Spain is creating a Bad Bank to swallow foreclosed real estate assets weighing heavy on lenders’ books.
Golf gives Balearics 161 million euro cash injection
According to a recent KPMG report, golf tourism generated 161 million euros for the Balearic Islands in 2011. With Mallorca hosting 24 of the Islands’ 26 courses, the impact on its local economy and property market is considerable.
Property developers in Northeast Brazil struggle to meet demand
Historically the poorest region of Brazil, the northeast is now on the move and posted the highest GDP growth figures in the country from 2000 to 2010 – 4.2% versus 3.6% for the nation as a whole.
Summer holidays boost overseas mortgage enquiries by 33%
Conti, the overseas mortgage specialist, experienced a 33 per cent increase in enquiries from prospective buyers during September, compared with the previous monthly average for this year.
Balearic property sales soar by 32.3%
Property sales in the Balearics grew by 32.3% in August this year compared to the same month in 2011, reaching a total of 901 transactions according to a recent report by the National Statistics Institute (INE).
Property prices continue to rise on Brazil’s “Island of Magic”
Pristine and affluent, the southern Brazilian island city of Florianópolis (Floripa) has seen some steep house price rises in recent years. Yet, whilst many global property markets are faltering, values here continue to climb.
Celebrities continue to eye Ibiza’s property market
For decades, the Spanish island of Ibiza has been one of the most fashionable places in Europe to live and as such has attracted a steady stream of celebrity buyers.
Costa del Sol property surplus continues to clear
With dramatic house price falls and a strengthened pound, quality Costa del Sol property is selling fast. There are only two townhouses left for sale at La Cala Golf in Mijas and agent, Spanish Hot Properties, says buy now or miss out.
Abercrombie & Kent launches A&K International Estates
Abercrombie & Kent, leading luxury travel company, has announced the launch of a new venture, Abercrombie & Kent International Estates.
Costa del Sol property selling surprisingly fast
Whilst most media focus is on the glut of up to two million unsold properties in Spain, the Costa del Sol paints quite a different picture. On this coastline homes of all qualities and price ranges are selling – and selling fast.
Middle class Brazilians provide holiday programme investment opportunity
According to a report out last week, 35 million Brazilians climbed out of poverty in the last decade and now 53% of the 194 million-strong population is middle class.
UK now second largest overseas investor in Brazil
Until recently, the primary connection between the UK and Brazil appeared to be a shared love of the beautiful game with legends Juninho, Emerson and Ramires gracing Premiership pitches but now focus is shifting from football to investment as the UK is named as the second largest overseas investor in Brazil according to Ernst & Young's first annual Brazilian Attractiveness Survey.