Overseas Property
Excellent weather and rich history ensure steady sales in Malta
Malta is an island 60 miles South of Sicily. This is a country steeped in history and very much loved by the British. It has been a stepping stone and sea base for the powers that shaped the history of the Mediterranean, the Phoenicians, Carthaginians, Arabs, the Knights of St John, the French and then, from 1800, the British.
30% discount at Turkey’s leading five star resort
A pioneer for five-star resorts in Turkey, properties at Turquoise were unsurprisingly quick to sell-out. Now complete and fully-functioning as a successful holiday haven, GEM Estates is able to pass on a crazy 30% discount on the last remaining apartments. Prices from £66,000 have now been slashed to just £49,693.
Spain remains top spot for British buyers
Spain remains resolutely in the number one slot for buyers viewing overseas property on leading global portal PropertyIndex.com, showing the British love affair with the Costas is far from over.
Earlier start on MGM’s scheme in Annecy
The success of off-plans sales in Annecy in the Haute-Savoie region of France has prompted French developer MGM to bring forward the start date for its latest residential scheme in the historic lakeside town.
British couple's Spanish Capital Gains Tax success
A British couple have become the first successful claimants against the Spanish Government, after they and thousands of other British and European home owners were illegally charged more than twice the amount of Capital Gains Tax than Spanish residents on properties they sold in Spain.
Scandinavian opportunities
Often considered too remote or perceived as too expensive, Sweden rarely features in a property investment portfolio. However, with an average property price of €155,000 in Q4 2008, Europe’s 4th largest country may be worth considering.
European housing buffeted by the global storm
With house prices falling across all European markets by the end of 2008 and prospects for 2009 even gloomier, the revival of European housing relies now on the ability of European governments to cope with the mortgage credit shortage and on the scale and duration of the economic recession, says the RICS European Housing Review 2009.
Oil exporters and emerging nations catch global property contagion
Collapsing oil prices have pulled oil rich countries into the global property malaise with capital values falling in emerging nations for the first time in the survey's history, says latest RICS Global Property Survey.
Hungarian Government’s rescue package
While governments around the world have been swift to announce measures to keep the economic crisis at bay, the Hungarian government has been rather slow to respond.
The hills are alive with Austrian property investment
Landlocked Austria rarely features on a property investor’s portfolio even though the country is Europe’s second most popular destination for skiing. One of the reasons for Austria’s low profile for property investment are the restrictions it places on the ownership of holiday homes, which in some regions has, up until now, been prohibitive.
Boost for Chinese real estate industry
The Chinese real estate industry is set to receive a much-needed boost which may include an easing of restrictions on the purchase of second homes, the expansion of funding channels for developers and a further cut in the taxes and fees associated with property purchase in China.
Barbados property is a winning investment formula
Property prices in Barbados are appreciating at between 10 – 15% per year at the middle of the market and often higher at the luxury end, even during these harder economic times.
Beyond Marrakech
Mention Morocco to the property investor and Marrakech is the first (and perhaps only) destination that springs to mind. The imperial capital of Morocco with its world famous medina has been top of investment locations in Morocco for several years.
A Brazilian try before you buy
“Which country; which property; is it a fair price; is my estate agent telling the truth?” Buying overseas creates enough headaches to make anyone want to pack it all in and go on holiday.
La Zagaleta - Spain’s very own Fort Knox
In a private estate where even the lowest priced property will set you back an eye-watering four million euros you can imagine the profile of resident. At La Zagaleta Sheikhs, aristocracy, Oligarchs, business moguls and film stars coexist in 900 hectares of wild Andalucian countryside.