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11/20/2008 12:00 AM
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Dubai 'will not suffer in the long-term'
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The current global financial crisis is unlikely to impact on the long-term growth of Dubai, it has been claimed.
According to executive chairman of Dubai Group Saud Ba'Alawy, the short-term issues brought about by a decrease in the flow of foreign capital into the city are unlikely to affect Dubai's property market in the medium to long-term....
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11/20/2008 12:00 AM
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Bulgaria property 'set for a comeback'
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Bulgaria is set to make a comeback in the international property market next year, it has been claimed.
According to Property Wire, the country's winter sports destinations are set to become popular over the next 12 months, with a Daily Telegraph report noting that resorts such as Borovets are likely to be popular due to their affordability....
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11/20/2008 12:00 AM
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Brazil property market 'in good health'
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Brazil is beginning to be seen as a viable option for investors looking to purchase property overseas, a spokesperson for the Embassy of Brazil has stated.
According to the embassy the country's property market is currently in good health, with prices of homes in the country increasing by 20 per cent every year, figures which are predicted to remain constant over the next decade due to the projected increase in tourism....
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11/19/2008 12:00 AM
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Benidorm seeks World Heritage Site status
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Benidorm has announced that it is applying to the United Nations Educational, Scientific and Cultural Organisation (Unesco) in a bid to be granted World Heritage Site status.
Director of the Benidorm Tourist Board Maria Jose Montiel Vaquer argued that the Spanish resort, which is located on the Costa Blanca, has special architectural significance due to its claim to be the first high-rise resort in Europe....
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11/19/2008 12:00 AM
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Egypt 'offers investment potential'
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Egypt has been identified as a market that could have potential for property investment during 2009.
According to PropertyWire, the country offers a number of benefits to investors, with Steve Worboys of Experience International noting that annual gains of up to seven per cent over the next decade are being predicted by the World Travel and Tourism Council....
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11/19/2008 12:00 AM
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Two Florida cities prove popular over winter break
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Miami is a new entry on the list of most popular US destinations for the holiday season, it has emerged.
According to Orbitz's data indicating the busiest airports and travel days, the east coast city is now the eighth most popular destination in the country for thanksgiving....
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11/18/2008 12:00 AM
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UK firm makes Bulgaria investment
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Miller Developments has announced the purchase of Bulgaria's Mall Varna for EUR120 million (GBP101 million), it has emerged.
The 33,000 sq m site, which is the country's largest new retail and leisure development, is located in Varna, Bulgaria's second biggest city....
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11/18/2008 12:00 AM
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Istanbul sees property demand 'increase'
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Demand is increasing for property in the Turkish city of Istanbul, it has been claimed.
Ozgül Ozkan Yavuz, director of events and organisations for Istanbul2010, explained that demand for property has been increasing and the city's title of European Capital of Culture for 2010 may result in further interest in Istanbul property....
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11/17/2008 12:00 AM
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Weather 'attracts Brits to Spain'
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British expats are being attracted to Spain due to the good weather, the results of a new survey have indicated.
A poll by Alliance & Leicester International studying the preferred destinations for Brits living abroad found that of those who have moved to Spain, 92 per cent consider the weather to be the most favoured aspect of life in the country....
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11/17/2008 12:00 AM
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Turkey is becoming "much more accessible"
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A number of factors have resulted in Turkey becoming a popular destination for Britons looking to invest in overseas property, it has been claimed.
According to head of Chesterton International Andrew Hawkins, the country is seen as being cheaper than destinations such as Spain or Portugal, while new airports being opened in the country will provide improved access with direct flights to and from the UK....
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11/14/2008 12:00 AM
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Turkey offering "top quality" properties
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A number of new residential schemes are being constructed in the seaside resort of Alanya, Turkey in a bid to attract British buyers, it has been claimed.
According to Homes Overseas, many British purchasers are shunning traditional destinations in favour of countries such as Turkey due to the current low value of the pound against the euro....
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11/14/2008 12:00 AM
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Dubai tower to become city's 'centrepiece'
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A new mixed-use development project in Dubai will become central to the development of the city, it has been claimed.
The Nakheel Harbour & Tower, which incorporates a one-kilometre-high building with a waterfront development, has been described as "Dubai's capital" by architect Woods Bagot....
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11/14/2008 12:00 AM
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UAE 'popular with expats'
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The United Arab Emirates (UAE) is a popular destination for British expats who move abroad when they retire, a new survey has suggested.
A poll by Alliance & Leicester revealed the weather, quality of life, safety and overall standard of living were all factors that attracted Brits to areas such as Dubai and Abu Dhabi....
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11/13/2008 12:00 AM
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'Surge in sales' of Dubai currency
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There have been record sales of Dubai currency in the UK, prompting currency firm M&S Money to suggest the region is still a popular destination for Britons seeking a winter holiday.
According to the company, October saw the highest ever amount of Dubai currency being purchased, with M&S Money's bureaux de change selling over £1 million of the country's dirham....
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11/13/2008 12:00 AM
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Bulgaria ski resort 'could tempt holiday home investors'
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Those considering investing in property in Bulgaria have been advised to consider locations away from the most popular areas.
According to BuyAssociation, properties in the country's skiing and city areas are ideal sites for investment, with the Super Borovets resort being singled out by the firm as one such development which could attract attention....
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11/13/2008 12:00 AM
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'25 million tourists' to visit Turkey in 2008
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Turkey expects to play host to over 25 million tourists by the end of the year, the country's culture and tourism minister has stated.
Ertugrul Gunay made the claim at a press conference at this year's World Travel Market fair in London....
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11/12/2008 12:00 AM
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Agent Market Commentary - Summary of October 2008
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Understanding how fluctuating exchange rates can impact on the price of a property abroad is an important part of the overseas buying process...
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11/12/2008 12:00 AM
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Cape Verde 'increasing in popularity'
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Cape Verde has become increasing popular with Britons over the last decade and is now seen as the "hidden Caribbean", a Lonely Planet author has suggested.
Travel guide writer David Else noted that the islands are becoming popular with tourists due to the mix of cultures that exists in the area....
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11/12/2008 12:00 AM
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Brazil is 'ideal for investment'
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The current global economic crisis has resulted in Brazil's property market becoming ideal for investment, it has been suggested.
According to BuyAssociation, the country is more likely to survive the current financial uncertainty due to the "healthy cash reserves" held by the country's banks and the lower rate of borrowing taking place in the country....
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11/12/2008 12:00 AM
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Spanish village 'presents opportunity investment'
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A Spanish fishing village is likely to receive increasing attention from tourists after the country's tourism board chose the location to feature in a new advertising campaign.
El Rompido, in Huelva at the western tip of Costa de Luz, will be included in print advertisements around the world highlighting the attractions of the area....
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11/11/2008 12:00 AM
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Amendment Three added to Florida constitution
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Amendment Three has been passed in the US state of Florida after it was deemed a recount was not necessary, it has emerged.
The issue received 60.5 per cent of votes the when residents decided upon the proposal as part of the presidential election last week, half a per cent more than the threshold required to pass the change....
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11/11/2008 12:00 AM
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Abu Dhabi 'seeing rapid development'
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There is currently rapid expansion taking place in Abu Dhabi, a property exhibition taking place in Liverpool has heard.
Speaking at the Waterfront Expo, senior associate of property firm Gensler Peter Sheard stated that the development was taking place "against a background of huge liquidity"....
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11/11/2008 12:00 AM
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"Feel good factor" could help US property market
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The US property market is set to benefit from the "feel good factor" Barack Obama's recent election victory has brought to the country, it has been suggested.
President elect of the National Association of Estate Agents (NAEA) Chris Wood stated that while the property market has suffered problems, change of president could help reverse its fortunes....
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11/10/2008 12:00 AM
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Golf tournament may add further boost for Portugal property
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Portugal's reputation as a place for golf tourism - generating visitor income and raising demand for buy-to-let tourist property - may be boosted by the hosting of a charity golf tournament.
The Bader Cup is to be held at the Alamos Golf Club in Portimao from November 9th to 13th, raising money for the Douglas Bader foundation, which supports people who need prosthetic limbs....
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11/10/2008 12:00 AM
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US property dealers upbeat after Obama success
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The US property market should see a brighter future following the election of Barack Obama as president, industry professionals gathered in Florida have said this week.
Delegates at the National Association of Realtors (NAR) annual conference have told National Association of Estate Agents chief executive Peter Bolton King of their positive expectations for the market, reports the Times....
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11/10/2008 12:00 AM
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Florida property amendment looks set to pass
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An amendment to the Florida state constitution that would exempt those improving their property with storm-proofing or renewable energy devices from higher property taxes based on the resulting enhanced value of the home looks like it will be passed....
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11/07/2008 12:00 AM
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Beaches hailed as key in Cyprus appeal
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One of the major appeals of Cyprus property is its beaches, it has been stated.
Discussing properties located near to Paphos, overseas property portal TheMoveChannel.com listed several beaches as being of particularly high quality, including Coral Bay, Geroskipou Beach and Pissouri....
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11/07/2008 12:00 AM
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Spanish property still offering opportunities, says expert
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A Spanish property agent has said there are still a number of good buyer opportunities in the country.
In an interview with the Liverpool Echo, Ken Walker of First Class Mallorca stated that the island is a location where prices are still on the up....
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11/07/2008 12:00 AM
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New air service coming to Morocco
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Air Arabia has announced that it is to establish a new hub in Morocco next year.
In a move that may interest those thinking of investing in property in the country, the airline has said it will set up its new base in Casablanca....
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11/06/2008 12:00 AM
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Property firm opens Italy office
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A property firm has opened a new office in Italy, a move that may indicate that the market remains strong in the country.
Chesterton has said it is to start a new office in Como in the Lombardy region, serving buyers in the Lake Como area as well as around the other Italian lakes....
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11/06/2008 12:00 AM
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Canary Islands tipped for warmth
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Those keen on investing in Canary Island property may be encouraged by news that Tenerife offers one of the warmest destinations for a short autumn break.
Responding to a query about the best temperatures on offer, Sunday Times travel expert Richard Green said the island offers a higher average than the Tunisian capital Tunis....
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11/06/2008 12:00 AM
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Tourism growth 'boosting Cape Verde property'
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Cape Verde's property sector is still booming despite the credit crunch, it has been stated.
Although other locations are struggling, the archipelago off the west coast of Africa is seeing continued growth because tourist numbers keep rising, Cape Verde Property has stated....
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11/06/2008 12:00 AM
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Economist in US property recovery prediction
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A US economist has suggested that the US property market could be around the bottom.
The US Forest Service's Forest Products Laboratory economist Henry Spelter suggested in a research paper that the slump could be "closer to the end than the beginning", the Vancouver Sun reports....
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11/05/2008 12:00 AM
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Australia slashes interest rates
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The Reserve Bank of Australia has announced a cut of three-quarters of one per cent, taking the cash rate down to 5.25 per cent.
Revealing the decision yesterday, governor of the bank Glenn Stevens said the move had been motivated by signs of slowing economic activity and a high probability that inflation will soon fall....
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11/05/2008 12:00 AM
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Survey uncovers new build improvements
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New build property in Spain has shown some qualitative improvements in the last two years, a new study has concluded.
InspectaHomeSpain's new Snagging and Buying Trends 2007/2008 survey has found that the number of flaws per property is less for every kind of dwelling than in the previous research in 2006....
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11/05/2008 12:00 AM
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New golf boost hint for Costa del Sol
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In news that may boost the Costa del Sol property market through extra tourism, it has been hinted that Valderrama could be staging a new tournament this time next year.
The course recently staged its last Volvo Masters event but moves are afoot to bring a new championship to the venue at the end of October in 2009, the Times reports....
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11/04/2008 12:00 AM
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Back homes amendment, voters asked
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A news provider in Florida has argued that voters should back a proposed change to the state constitution that would offer tax breaks to those installing eco-friendly and storm-resistant measures on their homes....
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11/04/2008 12:00 AM
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Algarve in new flights boost
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In news that may boost the prospects for the Algarve property market, low-cost airline Ryanair has announced new winter flights to the Portuguese region.
The popular southern area will see new routes operating from Glasgow, Liverpool and East Midlands into Faro airport, in addition to the operators current routes from London Stanstead, Dublin and Shannon....
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11/04/2008 12:00 AM
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Australia property price 'to start rising again'
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Australian property has been described as showing resilience in the face of the credit crunch.
In contrast with some countries that have seen large falls in prices, the average home in the country has only seen its value drop by 1....
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11/03/2008 12:00 AM
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Dominican Republic 'ideal for investment'
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The economic situation in the Dominican Republic has been hailed as the reason for a new property investment taking place.
Speaking at the launch of the 25-storey Las Arenas residential tower in Juan Dolio, Ayendy Marte, of developer Group G & S, said: "The country's economic growth is ideal for investing in Juan Dolio....
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11/03/2008 12:00 AM
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Company reports busiest month of year for French property
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French property firm VEF has reported that October has been its busiest month this year for property sales.
Discussing the events of this month, the company said that the areas recording the most sales were Charente and the Hautes-Alpes in Provence....
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10/31/2008 12:00 AM
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Cyprus 'safe from credit crunch'
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The property market in Cyprus will not be brought down by the credit crunch, an expert has stated.
Manager of property developer Cybarco Jonathon Salsbury said the market is less vulnerable than it would have been in the past because the dependence on British buyers is now much less as investors are increasingly arriving from countries such as Russia, Kazakhstan and the Middle East....
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10/31/2008 12:00 AM
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Federal Reserve in new rate cut
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The US Federal Reserve has cut its federal funds rate by 0.5 per cent again, taking the rate down to just one per cent.
It is the second time in October the federal open market committee has undertaken such a decision, announcing that it was making the move because of lower inflationary pressures and the need to bolster the US economy....
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10/31/2008 12:00 AM
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Perth tops popularity poll
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The city of Perth in Western Australia has been revealed to be the most popular city in the country in which to holiday.
A poll by totaltravel.com of the places people would least like to holiday in found that just five per cent regarded Perth as somewhere they would least like to visit....
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10/30/2008 12:00 AM
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New flights may boost Canary Islands
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The property scene on the Canary Islands may be boosted by the launch of new flights to the archipelago by low-cost airline Ryanair.
Liverpool John Lennon Airport (JLA) has announced that the budget carrier is to commence new services next month that will fly from the city to Tenerife and Fuerteventura....
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10/30/2008 12:00 AM
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Madeira 'emerging as popular destination'
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The Portuguese island of Madeira has been described as a popular sector in the country's holiday market.
Speaking about the Atlantic location to the Independent, Bernard Hornung, the sales director of the Azulara development - which is currently under construction - stated that most visitors prefer to stay in and around the capital city of Funchal....
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10/30/2008 12:00 AM
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Turkey 'developing as yachting destination'
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In news that may interest those keen on investing in waterfront property, it has been stated that Turkey is emerging as a major new centre for yachting and cruises.
Describing the country as "one of the premier yachting destinations in Europe", editor of the Buying in Turkey guide Dominic Whiting commented: "Facilities have improved dramatically in recent years with modern marinas in many resorts and berth fees well below other more established yachting destinations....
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10/29/2008 12:00 AM
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Panama 'growing in interest'
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Panama has seen a notable growth in interest from potential buyers, it has been stated.
Gareth Milton from Property Showrooms told the Daily Telegraph: "The country is attracting 150 per cent more inquiries on our portal than this time last year," adding that the country is cheaper to buy in than the US and the process of acquiring property is "very straightforward"....
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10/29/2008 12:00 AM
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Algarve in Formula One test boost
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In a move that could help increase interest in Algarve tourism and consequently the region's property market, it has been revealed that a Formula One test event will be held at the Portuguese region's new motor racing track....
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10/29/2008 12:00 AM
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US new build in bounce-back
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The United States has seen an increase in the number of new build homes being sold, official figures have revealed.
Seasonally-adjusted statistics from the US department of housing and urban development for September showed a total of 464,000 new homes being bought in the month, up 2....
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