Overseas Property TV

French mortgages

2009-11-27T11:27:00.000-08:00

Athena Mortgages go live with their new website.

Athena mortgages have launched their new website packed full of valuable information for anyone buying a property in France who may need finance for their purchase.

Borrow up to 100% of the purchase price of your property.
Equity release options including remortgaging.
Mortgages for second homes.
Buying to let? Choose Athena.

For all your finance needs visit Athena the French Mortgages specialist.

Best French mortgage rates video on Youtube

Antonio Velardo VFI Overseas Property

2009-06-06T04:28:00.000-07:00

VFI OVERSEAS PROPERTY. ANTONIO VELARDO

VFI Overseas Property’s Antonio Velardo has something of a family background in the construction business – 400 years of it to be precise.

Coming soon, an article on French leaseback property.

However, Antonio Velardo didn’t just restrict his own interest in the business to clambering over building sites as child – he went on to obtain a degree in Civil Engineering from the Loughborough University in the UK, one of the leading universities in this field.

Therefore, in setting up VFI Antonio Velardo not only brought tradition and expertise to the new company, but backed this up with an unrivalled knowledge of the Calabria region and its tax, financial and property laws.

This fits in well with his current responsibilities for overseeing the management of VFI Overseas Property, working closely with agents, developing land and stipulating contracts with builders all round the world.

His vision for the future of the company is encapsulated in its mission statement which proudly proclaims: “VFI will strive to introduce the most exciting markets in overseas property to our clients whether they are purchasing for lifestyle or for investment. It is our goal that everyone who invests with VFI today will reinvest their profits in our future developments”.

With this background Antonio Velardo together with fellow VFI director Harry Fitzsimons have built a company which, in three years has gone from zero to a sales revenue of €100 million, making them some of the most successful CEO’s in world business.

And the success story continues. VFI has now joined forces with Robert Fernando, a high respected retired Harvard university professor running his own property development company in Russia – a new move that sprang out of Prof Fernando carrying out a case study on Antonio Velardo’s concept behind the markting of VFI’s products.

We talked to Antonio about this enviable business growth.
Interview :

So tell me about the history of VFI?

Well, despite the fact that the company is now so successful, it really is just over two years old, and came about following a meeting between myself and my now fellow CEO, Harry Fitzsimons. However, whilst that history is a short one it is also a dynamic one and, although we only started with just two people, were able to grow the company to turnover levels of €100 million in less than eight months. We are confident that track record must make VFI one of the most dynamic companies in existence.

What are the reasons behind VFI’s success?

To start with I really think I owe much of the present success of the company to my background and to my forbears who have given me such a solid grounding in property development. And we’re not just talking about a generation here. In fact, my father was a developer, my great grandfather was a developer and even my great great grandfather was a developer . So as you can see I’ve not only come from an amazingly long line of people with experience in this business – but I’ve also got something to live up to!

But to be really successful in today’s constantly changing economic climate you need more than just skill and tradition. This is where I really feel that my first meeting with Harry Fitzsimmons was so propitious. We were down in the Cape Verde islands at the time where Harry was a client of mine and I knew he had experience in the property market. At the time the selling price from properties was in Cape Verde of €3000 to €3500 euros per square meter. We knew this was to high to allow any growth in that market, but decided we could work together and set up a good business by moving into Italy, and into Calabria specifically.

Of course this move and the initial growth of VFI was helped by my contacts here in Italy – which gets us back to my history. But it certainly worked because, in less than 3 months we sold over 600 units. The key to success is timing, you need to get your timing right and your marketing right.

What do you feel are your achievements?

Looking back over the last couple of years I honestly feel that one of our most important initial achievements was to bring a higher level of professionalism to the whole business of property sales in southern Italy. When we first came here Harry and I realized that most of the local companies really didn’t have much experience in this area. No one seemed to understand the concept of buying ‘off plan’, and even if they did, the computer generated images of planned properties were poor so that buyers couldn’t imagine what they would be like to live in. As a result Harry and I had to spend a lot of time and money on research, better rendering systems to produce good images, and a lot of hard work putting together good sales and marketing projects. But, as an achievement, this paid off and we were able to sell most of the units on our first sites before any of the construction even started.

You know many people think that VFI is successful because of its €100 million turnover. But what I believe is more of an achievement is to have sold properties with nothing on site, but simply using our own effective sales and marketing skills. I have to say that I am proud of that, on behalf of both Harry and myself.

How has VFI contributed to the development of southern Italy?

What we have been able to do is to turn the potential of this beautiful and underdeveloped part of the country into a tangible financial success, which in turn has brought money and employment to this area.

It’s not too difficult to see why areas such as Calabria had remained in a backwater – the local people knew what they had a real gem here, but through lack the right skills or drive, failed to do anything to develop and sell it. In my view, if you have gem, but don’t make the most of it, it’s no longer a gem.

In financial terms it is not difficult to see what the effect has been on the local economy of building 3,000 units with a value of €350 - €400 million and selling these on the open market, not just to Italians, but to English, Irish and Russians. We have brought their money into a poor region and helped to develop it, thanks, yet again, to professional marketing – something that was completely lacking before we started. In fact so effective has this been that many of our customers have come back and bought second properties.

I don’t want to sound arrogant, but I honestly feel that VFI has done more for Calabria in the last three years than the state has in the last 50 – and Harry and I are very pleased about that.

You are only 31 and you are amongst the richest people in Italy, with a proven track record in creative real estate development. What would be your advice for struggling developers in southern Italy?

What they need, in one word, is confidence. That is what I had, and you can see the result. Or, to put it another way – it’s all about a vision of what can be created if you go about it the right way.

And really, this is where so many of the existing local developers fall down. They get bogged down with too much detail when they should be looking at the bigger picture of what can be achieved with the right effort and skills. Identify the market – find out what it wants – put in place high quality marketing right from the outset – and then build the properties people want to buy.

A typical example of the way they get things wrong is when a local developer starts on the bricks and mortar without understanding what the market really wants. Then, when the properties fail to sell they halt the construction, and the result is an ugly mess which ruins the beautiful countryside and won’t interest anyway. You have to do your homework first and ensure that you have sold a significant number of properties before the first brick goes in place.

At the end of the day it boils down to a failure, by local people, to see the bigger picture, to work out in advance what the market wants. They seem to think they can put up any sort of property and sell it. Not so. This part of southern Italy is exceptionally beautiful and the clients who are going to buy here want top quality houses that reflect the style which our country is world famous for.

What are the new challenges for VFI?

Our vision for the future is to take VFI further up-market and to build on our success with new developments that take us into the multi-millionaire bracket.

We have already started on projects at this level in Sicily and Tunisia, areas which we feel are as ripe for quality housing development as Calabria has been, and we are confident we can do as well in both those places as we already have done in Southern Italy.

You like to achieve your goals with lightning speed, how long will it take before you become a billionaire?

If VFI can keep up its current rate of sales – and I see no reason why it shouldn’t – then Harry and I should certainly be joining the Forbs listing in less than five years.

But the bottom line is that no one ever became a millionaire just by thinking about the money. It’s what the Americans call ‘a vision thing’. No vision, no future, no money, simple as that. So there’s the challenge for Harry and I for the next five years if we are to achieve that enviable status. I’m completely confident that we can do it, just like my ancestors were doing for hundreds of years before me!

Interview with journalist John Sansom
John Sansom runs Presslink, a travel, leisure and property specialist news and picture agency.
He has previously worked on local newspapers, local radio, national newspapers, and the UK’s leading travel industry newspaper TTG. He has regularly appeared on national radio and TV programs in the UK talking on travel and property investment.

Best exchange rates using forward contract

2009-04-27T04:29:00.001-07:00

Forward contracts case study video.

For overseas property buyers a forward contract can save a considerable amount of money when making final payments for an overseas property puchase. Fix the exchange rate for up to two years ahead with just a 10% deposit.

Spanish mortgages in Spain

2009-04-21T02:14:00.000-07:00

Homeowners do not always benefit from the drop in interest rates.

The official rate with which most mortgage repayments in Spain are calculated, the Euribor s falling but that does not mean that all home owners will reap the full benefits of the decline.

Ausbanc (the association of users of banking services) has warned that the small print of around 90 per cent of mortgages in Spain includes a “collar” that prevents the interest from falling below a certain amount, normally between three and five per cent.

So although, the Euribor has reduced to around 1.5% many homeowners are still paying over 5% on their Spanish mortgages. Furthermore, owners with mortgages based on the annual euribor may have there mortgage based on a rate set last year and with no room for review until the official review date.

The collar can, of course work the other way and protect home owners if the rate goes higher than a certain limit but that is little comfort to homeowners at the moment.

Ausbanc says that writing in a collar clause is perfectly legal, as the bank and customer sign the agreement before a public notary, but in reality few people know that these limits exist.

Clients effected by this should seek independent advice from a reputable broker. It may be possible to re mortgage to a different lender at a much reduced rate of interest.

MArbella to host the Davis Cup

2009-04-15T10:15:00.000-07:00

It has now been confirmed that Marbella has been successful in it’s bid to host an eliminatory round for the Davis Cup.

It has been 20 years since Marbella last hosted this international tennis tournament and it is some achievement to win the vote against some strong bids from Zaragoza and Tenerife.

Spain will play Germany at the Puerto Banus bull ring between July 10th and 12th.

12,000 spectators are expected to fill the bull ring and the event is sure to attract an international se of celebrity’s o the playground of Puerto Banus.

The Marbella sports councillor, Angel Mora praised the hard work of all those involved with the bid including Spanish tennis legend Manolo Santana who build the famous tennis centre between Marbella and Istan.

Marbella News

2009-03-29T06:06:00.000-07:00

The British Chamber of Commerce in Spain, in collaboration with Marbella Dutch Business Club, is inviting citizens to an informal drinks and networking evening to be held at Hotel Puente Romano in Marbella on March 31st. The event begins at 7 p.m. with a welcome by chairmen, and networking follows from 7.30 p.m. Entry is free, and there will be a cash bar. To reserve a place contact Rachel Barber on 951 968 786

Last Sunday the Dutch Club Costa del Sol celebrated its 30th anniversary with a festive afternoon at the Alay Hotel in Benalmadena Costa. Guests at the event enjoyed a lunch and cocktails followed by a performance by Dutch bandoneon virtuoso Carel Kraayenhof, who performed at the wedding of Crown Prince Willem-Alexander in Amsterdam seven years ago. Further musical entertainment was provided by La Insostenible Big Band and a Spanish show orchestra in the style of Glenn Miller. Here’s to the next 30 years!

Solar energy Marbella Costa Del Sol Spain

2009-03-25T08:57:00.000-07:00

Marbella News

Solar Energy

Since 2005 Spain has made huge efforts to make use of something that they have in abundance – free sunshine. Spain is now the second highest producer of solar energy in Europe with most of the solar farms being located in most southerly province of Andalucía.

The Marbella council has identified 30 buildings which would be suitable to have solar panels installed in a move to cut costs and use the free clean energy. Many of the municipal markets, schools, sports centres and council warehouses have been identified as being suitable and a number of businesses in the energy sector have expressed an interest in working with the council.

Gas supplies

After five years since it was first planned Marbella is finally about to get natural gas. No longer will it be necessary for residents and business’s to have those orange gas containers delivered or for the container to run out in the middle of cooking or taking a shower.

The work will cost 11 million Euros and involve more nearly 100 kilometres of pipeline. The work is due to start in the area of Nueva Andalucía first and then move east into Puerto Banus and Marbella town itself.

Property for sale French Alps

2009-03-23T06:37:00.000-07:00

MGM is the biggest property developer in the French Alps and has won a Homes Overseas Award for 5 years in succession.

Based in the beautiful lakeside town of Annecy, MGM have been building and marketing, for over 45 years, high quality ski properties in the Savoie, Haute Savoie and Hautes Alpes regions of the Alps and more recently, eco-friendly homes around Lake Annecy.

Whether as a second home or an investment, we can help you find the ideal property in France in one of our thirty current locations, ranging from lakeside settings to ski-in, ski-out resorts and mountain villages, all located in the most beautiful skiing areas in Europe.

Chamonix, Les Carroz, Samoens, Les Arcs, Tignes, Méribel, Les Ménuires…you will be seduced by the architecture and the quality of MGM’s construction, the traditional finish in stone and timber bringing charm and character to each residence.

Many of our properties are sold outright, but we are also renowned for developing and managing four star leaseback residences, featuring swimming-pool, sauna, jacuzzi, fitness and steam rooms, and a beauty centre providing a comprehensive range of in-house body treatments.

Your MGM leaseback apartment comes fully furnished and decorated, ready to live in. It is warm and spacious, with a bright living room and a large balcony or terrace, with fully fitted and equipped kitchen and bathrooms, and comfortable bedrooms.

With summer temperatures reaching 30 degrees centigrade, many of our mountain locations offer year round appeal if you also enjoy activities such as hiking, mountain biking, climbing, horse-riding, or white water rafting.

So, do not hesitate. Contact MGM’s London office now and we will find your ideal property in the French Alps , tailored to your lifestyle and financial requirements”.

Villas for sale Arroyo de la Miel Costa del Sol

2009-03-21T03:31:00.000-07:00

Villa for sale Arroyo de la Miel

Ref r31337
Area Arroyo de la Miel
Offered for sale at €485,000

An immaculate country villa, recently built to a high standard. The villa is built on 3 levels and has a wonderful living room with vaulted wooden ceiling and big windows overlooking the pool, a lovely modern kitchen with separate utility area, 3 bedrooms and 3 bathrooms and plenty of terraces. Outside there is a fabulous pool area with BBQ and WC.

villa, Countryside, Fitted Kitchen, Parking: Off road parking, Pool: Private, Garden: Private, Facing: Northwest
Views: Countryside, Mountains

Click here to view more Villas for sale Arroyo de la Miel

Villas for sale Aloha Costa del Sol

2009-03-21T03:19:00.000-07:00

Villa for sale Aloha Costa del Sol

Reference: r41291
Aloha Malaga area

Offered for sale at €2,200,000

Delightful, recently built villa for sale in Aloha Costa del Sol, situated in the heart of the golf valley, designed on two levels in a beautiful Mediterranean style.

The villa offers a good distribution: The upper floor is solely the master suite, with two walk-in closets and beautiful bathroom and huge terrace. The main level offers spacious reception room with fireplace, top quality fitted kitchen with dining area, laundry room, study with fireplace, guest cloakroom and guest suite. There is a third bedroom suite, lounge with fireplace and kitchenette in the guest cottage. Large basement with the possibility of adding anothe bedroom suite.

Cream marble floors in main house, terracotta in guest cottage. Underfloor heating, air conditioning in master suite and guest cottage. Beautiful sub tropical Mediterranean garden. Swimming pool and two car garage.

Click here for more info on this Villa for sale Aloha Costa del Sol

Click here to view more villas for sale in Aloha Costa del Sol

Villas for sale Alhaurin el Grande near Marbella

2009-03-21T02:58:00.000-07:00

Villas Alhaurin El Grande for sale

Descripton:
Ref number : r99257
Alhaurin el Grande, Malaga €249,000 Villa 64m2

Pretty cottage style house with stunning views to the Mijas mountains. The property benefits from a large covered terrace with access to the pool. The home is finished to a high standard with a fireplace, two good sized bedrooms and a large family bathroom.

Finca, Countryside, Fitted Kitchen, Parking: Off road parking, Pool: Private, Garden: Private, Facing: NorthwestViews: Countryside, Garden, Mountains, Pool.

Click here to view more villas for sale in Alhaurin el Grande

Finding an asset in negotiating the foreign exchange market

2009-03-11T04:24:00.000-07:00

If you choose to enquire with a specialist foreign exchange company as an alternative to your bank or building society, you will be assigned with a ‘personal account manager’, much like a stock or share manager who takes your order and provides pertinent information to help you with the timing and choice of your purchase.

As with stock and share brokers, they are varied in quality and expertise. However, if you know what to look for and choose wisely, you could be retaining the experienced services and guidance of an extremely valuable asset, at no cost and without signing away anything at all.

‘Currency today.co.uk’ examines the benefits this relationship can bring and how to find the ones with your best interests at heart that could ultimately save you a great deal of time and money.

A good account manager will:
• listen patiently and attentively to your enquiry, ensuring they have a complete picture of your situation before making any possible suggestions.

• make it easy to understand what all your options are, detailing them but not confusing you with numbers and non-pertinent financial data.

• be available at all times in trading hours to respond to any enquiry you may have, or keep you updated with the exchange rate and other market data affecting it, as well as replying promptly to any email or message you leave.

• be far more concerned with the service that is provided than the commission on the sale, aiming to build their business through satisfied customers rather than individual sales. This will show if they genuinely want you to achieve the best exchange rate possible and go that extra length to keep you informed of all information necessary, and stay with you for as long as is required or necessary until the best rate is achieved (as the market allows).

• be completely transparent in explaining all the charges and costs involved. As well as the commission (which should be free) and the transfer costs (which should be low), they will explain how they make their money. This is where the real costs lie; the difference between their cost of buying the currency, and your cost of buying it from them (also known as the spread). Even though this is often a larger charge than any commission or transfer costs involved, it should be a significant improvement on any bank or building society.

• inform you of other hidden costs, such as charges the receiving bank may make. A good account manager will isolate these charges, and provide a service that will absorb them all for you.

Further reading :
http://www.currencytoday.co.uk/

Marbella news 7th March 2009

2009-03-07T06:30:00.000-08:00

The town hall of Marbella has applied for Marbella to be officially classified as a “ Municipio de Gran poblacion” (a large population municipality). This title has been introduced through a new law which covers provincial towns with a population of more than 75,000 and which have special and historical or economic characteristics.

The regional government, the Junta de Andalucia has to respond within two months and if successful it will give the local Marbella authorities and those within satellite towns such as Puerto Banus and Las Chapas more power and say in how the towns are run.

For example, some €25,000 has been set aside, and if the powers are granted, most of the road signs in the area will be replaced with ones without ugly advertising on them.

One of the problems Marbella has always had is that the official population which is based on people who formally register as living in the town is about 130,000 whilst the true population is closer to 300,000. It is the official population that is used for many things including how much money is allocated from the regional government. The new mayor of Marbella has gone to great lengths to lobby the regional government and has produced evidence to support the fact that the true population is much higher than the official one. Records of children in schools, births at the hospitals and details of local property taxes being paid have all been used to support the case.

Marbella News brought to you by http://www.villas-marbella-costadelsol.co.uk

What is currently happening in Marbella, San Pedro and Puerto Banus?

2009-03-07T06:00:00.000-08:00

Well, one of the most important factors here is government investment in the area of Marbella.
The national government, the Andalusian regional government and the Málaga provincial authorities are all pouring hundreds of millions of euros into improving The Costa del Sol.

Some of the things happening are:-
The San Pedro Underpass.
Something that has been talked about and planned for many years but that has now started is the underground passageway taking the coastal road under, rather than through, the town of San Pedro thus clearing the bottleneck of traffic that has infuriated holiday makers and residents for years. This is a €60m project that will be completed in 2010.

More and better hospitals.
The Costa del Sol regional hospital in Marbella now serves three times as many patients as it did when it opened in 1993. Already a huge and major hospital able to cater for residents and tourists alike, it is now embarking on a €27m extension.

The current Andalusian regional building plan has assigned land for many new schools, parks, local hospitals and health centres. New public schools have been agreed which will operate alongside the many privately run international schools already existing.

The coastal railway presently runs from Malaga airport into the city in one direction and along the coast to Fuengirola in the other. Plans have now been agreed and a budget of €1.1 billion set aside for this railway to be extended all the way down the coast to Algerciras. Stations are planned for many towns along the coast including, La Cala, Calahonda, Marbella, Puerto Banus, San Pedro and Estepona.

Talking of railways, the new high-speed train from Málaga to Madrid has already been in service for a year, cutting the time to travel from Málaga to Madrid to just two and a half easy hours. Marbella has always been a popular weekend and summer holiday destination for the well off people of Madrid and this development is having a very positive effect on the area. The line is also being linked to Barcelona opening up and even bigger catchment area.

Roads throughout the interior of Málaga Province are being improved as part of the economic stimulus plan. New super highways from the Coastal region heading north are nearing completion. The new roads will ease travel inland to the historic cities of Andalusia such as Cordoba, Seville, and Granada and make the ski areas of the Sierra Nevada even more accessible.

The City of Málaga which is bidding to become European city of culture in 2016 is undergoing a major transformation with massive investment in new public building projects. The new underground metro is advancing on schedule which will greatly improve transportation around this lovely City.

Many new museums and art galleries have opened but the biggest draw remains the Picasso Museum located in the 16th Century Buenavista palace.

The port area has undergone a huge investment programme and the city is fast becoming a capital port for cruise ships. The special docking area and new cruise passenger terminal have encouraged several major lines to make Málaga their Mediterranean headquarters. The world’s largest cruise ship, Independence of the Seas, now calls regularly.

In Marbella itself, the seafront promenade, “El Paseo Maritimo”, is currently in three parts: Marbella town, Puerto Banus and San Pedro de Alcantara sections. The sections are separated by rivers and streams. New bridges are planned which will link the separate sections allowing people to stroll along 15 uninterrupted kilometres of beachfront from Marbella, through Puerto Banus and to the beginning of Guadalmina.

The Technological Park of Andalusia, just outside Málaga city, is expanding and is now home to more than a hundred high-tech companies. This success has given hope that one day the Malaga area will become Europe’s leading technology centre just like California’s Silicon Valley in the US. Authorities hope to attract more new companies offering well-paid jobs.

The airport – Malaga airport is already one of the biggest and busiest Mediterranean airports currently serving over 60 destinations and some 12m passengers a year. Work is well under way on a €130m expansion that will provide a second terminal and runway and increase capacity to 20m passengers. Direct flights are already operating to and from New York and it will soon be possible to fly into Malaga and the Costa del Sol from pretty much every major European city.

Marbella’s new urban development plan.
Probably the most important and influential thing to happen is the new planning procedure for new builds. No longer is Marbella reliant on a few town hall officials to control the planning of new buildings. This may have worked 20, 30 or 50 years ago when getting planning permission involved having a drink with the local Mayor to agree the building a new house on a spare piece of land.

Marbella now has some of the strictest planning laws on earth and although there is some work to be done to sift through what has gone on in the last 10 years it is safe to say that very little new properties will be built over the next 10 years. This will have a very positive effect on property prices.

What does this have to do with the Property Market for 2009 and beyond?
All of these projects not only show a huge sign of faith from the regional and national governments in the area but they will enhance Marbella’s reputation of a growing year round destination for people from all over the world.

Marbella is not simply a summer resort. It is a functioning resort city with a life of its own that does not depend entirely on tourism. The population of Marbella is officially 130,000 registered citizens but estimates of the real population are more than 350,000 full-time or part-time inhabitants.

Estate agents in Spain are reporting that people are starting to think of property not as a pure investment and something that they want to buy, hold for a year or two and sell at a big profit but rather something that they, and their families, want to enjoy. Sure, people are still a little nervous about the world’s economy and they are looking for bargains but properties in the good locations are still selling.

We expect buyers to continue to look for bargains and good value throughout this year and prices to bottom out. The thousands of two bed shoe boxes bought by investors will slowly get sold and taken out of the market probably by young people working in the area whilst the best located holiday homes will see a gentle rise in value from late 2009 onwards. Quality will always sell and Marbella is and has always been a quality destination.

The Marbella property review – March 2009.

2009-03-07T05:44:00.000-08:00

The property and financial markets of the world have certainly had an interesting time of late. In general, over the last 10 years, all property and financial markets everywhere have seen massive increases followed by a big slump. Whether your money has been in stocks and shares or property you will be doing very well if your investment is worth more now than it was a year ago.

I believe that there is a big difference between a property and a stock or share and we should not put them into the same bracket of an investment. Yes, property, over a mid to long term should rise in value and if an affordable mortgage is taken out and repaid over a mid to long term period then the property will provide a solid investment for the future. However, a property should be so much more than an investment. It is a permanent or holiday home. Somewhere for the family to live or enjoy regular holidays, and in Marbella I think there are signs that people are starting to think in a more traditional way about property. They are looking again at Marbella property in a way that they should – a place where they can buy a nice property to live in or enjoy regular holidays.

In some parts of the world property values have fallen through the floor. Some properties in so called emerging markets are practically unsalable. Some city centres/dockland areas where thousands of 2 bedroom shoe boxes have been built remain like ghost towns with thousands of apartments unsold. The common theme with these properties is that they have been built in the thousands not because people want to live in, or use them but because people thought that if they bought them they would make some money.

The Costa del Sol is no different and thousands of basic two bedroom apartments have been built. Typically they would be sold at exhibitions in Britain or Ireland to “investors” who would sometimes buy three or four units hoping to sell on before completion and make a big profit. The people who did this in the early days did make money although most of them took their money and did the same thing in the emerging markets of Dubai, Bulgaria and Morocco and have subsequently come unstuck. For those that joined the party a bit later they are now sitting on a property that they never wanted and which is worth a lot less than they paid.

Typically, these properties are 2 bedroom apartments, miles away from the beach, miles away from any form of life – shops, restaurants etc and only accessible via a half built, extremely steep road. They are not the sort of properties that anybody would look at and think “I would like to spend my holidays or live there”.

The sales market for this type of property is very different to the more traditional holiday home. Properties all over the world that are in good locations have held their values far better. Yes, buyers are wary of what is going on in the world and are either waiting to see what happens or looking to negotiate a bargain which is putting pressure on sales prices. However, the buyers today know what they want and that is not a shoe box in the mountains. It is a well built property near the beach or a golf course and with easy access to restaurants, shops and bars.

There is a saying that quality will always last and that is true of the property market. Mayfair in London will always prove to be a good long term investment. So will most of the best areas in any town in Britain or when it comes to holiday homes, areas such as The South of France or Tuscany in Italy will always do well.

Marbella is very much in that category of quality. It has been popular for over 50 years and there is no sign that it will lose that popularity. Why should it? The main reasons that it become popular 50 years ago are still valid today – the best climate in Europe and great beaches. That, basically is what people want from a holiday home.

For anybody contemplating buying a property for an investment I would say, make sure you think of it as a mid to long term investment and make sure you buy in a quality area. For anybody buying a holiday home it’s more simple – buy in a place that you are going to enjoy. For both types of buyers I would recommend property in Marbella as an option and there is a lot happening in Marbella that I believe will ensure that the next 50 years are as successful for this area as the last 50 years.

So why did Marbella become popular 50 years ago?

Very simply the climate and the beaches.

The climate is generally recognised as one of the best in Europe. It’s one of the most Southerly places in Europe and the huge Concha Mountain that hovers over Marbella provides a unique micro climate. This makes it a great year round destination which means whether or not you are here in August or January you will enjoy lunch on the beach and a vibrant atmosphere.
The beaches stretch all alone the South Coast of Spain and legend has it that Marbella got its name when centuries ago Queen Isabela visited and exclaimed “que mar tan bello” – what a beautiful sea. These two factors were important 50 years ago and are still valid today.

What has happened to Marbella in the last 50 years?

From a little fishing village 50 years ago Marbella has developed into a cosmopolitan year round destination loved by many people who return year after year or who have set up permanent residence.

It is probably the people that have set up permanent residence that have changed Marbella so much. In these days of technology and a more flexible work environment many people can choose to work from wherever they want and for many people that is where the sun shines most of the year – Southern Spain. This has only enhanced the all year aspect of Marbella and it is now a place where people can live all the time. Shops and restaurants are open all year but also the mix of facilities is much greater than most Mediterranean resorts – cinemas, large shopping centres, hospitals, schools etc.

The sheer diversity of Marbella is amazing. There must be more than 10 five star hotels in the area but then in the old town you will still find small, hostels run by the original Spanish owners. Eating out can be at a Michelin star restaurant where the finest International cuisine is served or a scruffy beach or tapas bar where often the food is just as good.

Golf’s Ryder Cup played between Europe and the USA at Valderama in 1997 really put the Marbella on the world’s stage for golf. Since then the area has cemented its reputation as one of the most popular golfing areas in the World with nearly 50 golf courses.

Naama Bay View resort Egypt

2009-02-20T11:49:00.000-08:00

Amazing Naama Bay View resort Egypt

Description of Naama Bay View:

The project rises up behind Marriot Hotel, with one of the most beautiful views of Naama Bay. Naama view is a tourist resort with more than 80% of surface with gardens, lake and streams, a real green oasis overlooking the sea.

Naama Bay is Sharm el Sheikh's busy centre, with a range of shopping, dining and nightlife options.

Naama Bay View Overview

Naama Bay View resort is four star resort located in the heart of Naama Bay the centre of Sharm El Shiekh, ten minutes away from Sharm El Shiekh International Airport and five minutes walk to the main shopping area of Sharm El Sheikh.

Price
From 66 000 €

Naama Bay Properties

Price per 1 sqm:

1100 € per 1 sqm without Furniture
1200 € per 1 sqm Fully Furnished

1 bedroom apartment 60 sqm 66000€

2 bedroom apartment (1 bathroom) 90 sqm 99 000 €

2 bedroom apartment (2 barthroom) 120 sqm 132 000€

Naama Bay Amenities

A commercial Entertainment Building including a large number of shops, food courts and an open theatre.

Payment Schedule
100% cash

For more info click Naama Bay View resort Egypt

Naama Bay View resort Egypt brought to you by Egyptian Reality Group Egypt

Spanish property sales downturn or not?

2009-02-09T11:28:00.000-08:00

I received an e-mail very recently from a client I have been in touch with for a short period. This client has been looking at picking up a bargain in Spain and researching the purchase with some intensity. The e-mail expressed deep concerns regarding the wisdom of purchasing in Spain. The catalyst which brought about this U turn was a recent auction in Dublin where 100 Spanish properties were offered and only 1 sold. This event and it’s outcome made national evening TV news. The question it left my client asking was how realistic are the prices being asked in Spain at the moment?

My reply,

Good Afternoon Client A ,I have read your e-mail and reflected for a moment before replying. As you would expect it is now my duty to construct an e-mail re-enforcing strong reasons why you should still continue with your no doubt long laid plans to buy in this country my family and I now happily call home. I have outlined my thoughts below and would like to point out these are purely my opinions on where we are now and how we got here.

The desire for property in Spain and my area Los Gallardos Costa Almeria Spain has for many years fuelled the boom here and from recent reports published in the U.K. It is still top of British & Irish foreign property buyers list. Why? Well there are many obvious reasons, two and a half hour cheap flights from a good variety of airports. The very pleasant climate all year round and the option of skiing in the Sierra Nevada gives this country a huge advantage over many . Still a cheap standard of living compared to many other European countries.

The laid back culture and warm welcome has always been a major attraction. A well established and ever improving infrastructure of roads and travel. A wealth of tradition to enjoy including an endless stream of colourful fiestas and carnivals. A long and diverse Southern coastline taking in natural parks, bays and coves, long busy stretches like Benidorm and beautiful rugged coasts on the Costa Brava, very different but all have their own appeal. Then we have the food and wine which has put Spain on the map, many fish dishes, specialty lamb recipes and the unique traditional tapas. Wines such as Rioja and Tempranillo for example, the list goes on. So if the demand for Spain is still there what has happened to this property feeding frenzy now and why are we left in the media tagged vacuum of spiraling depression?

It is true to say that recent years have been the boom times for many. Politicians, farmers, builders, agents and in earlier year’s property owners all enjoyed huge pay days as the country cashed in on what seemed to a never ending demand for Spanish property. Everybody wanted a piece of the action and then as always the very people who were riding the band wagon set about its messy hault. Human greed started to damage the industry from every angle. Allegations of corruption from the powers that be were in a few cases proven to be true, creating massive problems for those that had purchased and shattering confidence in the whole product labeled ‘Spanish property’. The U.K. and Irish press fuelled by increasing alarmed governments picked up on the stories of ‘land grab’ and ‘houses being knocked down’ and started a propaganda against buying abroad. It is of course in the governments interests to stem the flow of UK and Irish people leaving their home lands to relocate taking their lifelong savings and pensions with them. It is now estimated that 44 million euro’s is being spent every year in Spain by expats from the U.K and Ireland.

Land owners were next asking totally unrealistic prices, builders then starting increasing prices on an almost monthly basis. The mad search for more land at a reasonable price became harder. Property was being thrown up and the quality of the location became less important. The bigger estate agents then whipped up a marketing frenzy with very clever advertising. Encouraging people to build huge property portfolios which will ‘pay for themselves’ the idea being that renting the property out enough weeks of the year will pay the Spanish mortgage. You should then go on to buy two, three or four perhaps and hey presto you will end up a millionaire. What these irresponsible agents were guilty of is falsely inflating the price new of property here by collaborating with most major builders and commanding commissions anywhere from 10-15% in return for bringing an endless supply of British and Irish clients over on 4 day inspection tours. These clients were wined & dined then bombarded with only new build products. Long chats were arranged with the manager, financial advisors and rental experts in an attempt to get that all important sale.

The banks were next to cash in with a long wave of irresponsible lending. By the week banks here were offering better terms in an attempt to attract the foreign buyer. Interest only mortgages were introduced by the financial advisors and agents to support the investor buying multiple units. Banks just did not seem to care whether the ability to repay a loan was there or not. The important issue was how much business each branch manager was turning over. It became a standing joke within the industry at the apparent ease three months wage slips could be downloaded from the internet.

The industry started slowing down as the buying public got wiser to areas, products and sales techniques. The ability to research what was going on in Spain got easier. The densely built up areas started to see less clients looking. The theory of buying two or three to rent out fell flat on its face as the weekly rent needing to be achieved was not there. There were too many units competing against each other to successfully pay their own mortgage and the banks saw more defaults on payments. The four day inspection tour began to die, clients wanted the choice to see other agents on the same trip and compare deals. Resale’s became more attractive and the bigger agents could not get their huge commission from a resale deal. Many smaller agents could offer properties much cheaper working on 3% commission.

Of course the straw that broke the camel’s back was the onslaught of the current credit crunch, the world wide recession. I understand fully what I have briefly outlined above is the normal cycle of peaks and troughs within the property market. It is however a little unique in as much that this concept of buying property abroad for the masses is a relatively new one. Also Spain is a fairly underdeveloped country in relation to the U.K. Mistakes have been made by a country that saw an explosion so quick it could not even dream of keeping up with it. Land was being granted permission to build on and the properties were built and sold before you could blink. The local town halls are at least 2 years behind with IBI (council tax). They will catch up but it will take time.

In true sales fashion I will now finish with positives, I firmly believe in experiencing the last few years Spain is now a better place. Lessons have been learnt and mistakes are being corrected. The corrupt politicians have been found out and punished. Maybe not all of them, I don’t know but the ones that have are being used as an example to others. The illegal builds so hotly reported are being addressed early this year and I can assure you that will not be reported as enthusiastically back there.

The builders are bringing prices down to all time lows in an attempt to move stock. The amount of off-plan developments around are dwindling dramatically, it is not worth builders starting anything until old stocks are sold. Banks now are really feeling the pinch, the back lash of earlier policies are now coming home haunt. There are now an awful lot of Spanish property repossessions that the banks have to get rid off and recoup their losses. With an influx of so many cheap properties on the market from all different sources competing for that elusive buyer it is in itself regulating prices. The major acid test now however has to be the bank valuations. A company called TINSA do the majority of all bank valuations here. This company has been instructed now to bring all valuations down to below realistic terms. The upshot is banks here like everywhere at the moment do not want to lend money. Any mortgage offered now is scrutinized as though it was the branch managers own money he was lending. You can be sure a TINSA valuation is a very accurate valuation and a fair reflection of how the market is at this moment in time.

My advice to you Client A on the wisdom of buying at this moment in time? It is a very good time to look for a bargain in Spain, when the Sunday Times say that “it’s a good time to pick up quality at the right price” then perhaps it is time to agree. This paper has been a constant doom and gloom merchant on the Spanish market. The country is still the same desirable Sunny Spain only now starting to correct the wrongs.

The house prices are rock bottom with mortgage repossessions and distressed sales unable to go any lower. The majority of larger unscrupulous agents have moved onto pastures new leaving Spain because the commissions are not profitable enough. There are a lot of good genuine agents here doing a good job for a fair commission and offering a comprehensive after sales service. I think any buyer now is a lot more informed and I can assure you there are still people over here looking to buy. Granted those numbers are nowhere near what they used to be but my point is that an auction is not a place I would expect a serious buyer to be looking. I think to be here physically looking at properties that may be of interest is what the majority of people are doing now.

Property Bodrum for sale Turkey

2008-12-07T08:47:00.000-08:00

On the Bodrum Peninsula Gumusluk Turkey there is a magical place where artists come to hang out, wild flowers grace the tables and fishermen land their daily catch, gorgeous Mediterranean and Aegean foods, relaxed, bohemian, unspoilt and idyllic - Gumusluk is that place in the sun you have dreamed about.

MRT Construction PLC was established in Istanbul in 1980 and have, to date, designed and constructed 138 different projects – with more than 28 years experience in building property in Turkey you can be confident you are in good hands.

Their current project is TATILBELEN 106 new exclusive villas and high quality apartments with 2 community centers – the first phase has now been completed and the luxurious second phase is ready for sale. Apartments Bodrum for sale Turkey

Contemporary Mediterranean design by Finish architects with 5 star on-site facilities this is a marvelous development with truly breathtaking views to the Aegean Sea - All the properties come with a 20 year guarantee.

Here are just a few comments from very satisfied customers:
“We are thrilled to be a part of your project! We really cannot wait till next spring” - Cristy Holton Jero.

“Thank you so much for your kind attention to detail during this construction Project. I am so happy that I chose Tatilbelen for my first Turkish Property” -Lesley Williams

MRT have a separate property management company that can not only look after your holiday home but also rent it out to generate extra income. TATILBELEN is open for 12 months with traditional restaurant, bar, heated indoor swimming pool, sauna, gym, and fireplace.

Why not get in touch with MRT Construction and find out how you can secure your place in paradise.

Property Side Turkey - an apartment for sale by owner

Turkey Kalkan Mountain Villas

2008-11-25T08:56:00.000-08:00

Escape to the Turkish Hills!

Turkish Luxury Property For A Perfect Mountain Retreat – The Kalkan Mountain Villas

Have you ever thought of owning a private retreat? Considered France or Italy? Then why not consider Turkey? Less than a four hour plane journey from most UK airports and a country offering fine scenery, genuine hospitality, and great value property. Whilst most visitors are attracted to Turkey’s Mediterranean Coast with its Turquoise blue seas and tourist centres, connoisseurs of Turkish travel will tell you, there is much to gained by traveling a little inland into the impressive Taurus Mountains. Here the scenery is akin to Tuscany - verdant, rustic and tranquil – where you can escape the comparative summer heat and bustle of the coastal resorts - the perfect mountain retreat!

The Kalkan Mountain Villas offer just such a location. Situated in the foothills of the Taurus mountains just outside the chic resort of Kalkan and near to the traditional Turkish villages of Islamlar and Uzumlu, where the pace of life is much as it has been for century's. Set into a hillside of olive groves and pine trees the Kalkan Mountain Villas command a view over the plains to the Mediterranean Sea. A location affording true peace and tranquility, with fresh mountain streams, amazing sunsets, and revitalising sea breezes.

If you imagined a traditional villa in this country setting, then you will be stunned by the architecture of the Kalkan Mountain Villas. Unapologetically modern and contemporary – an attractive contrast to their traditional setting. Minimalistic exteriors, elevations with large balconies and walls of glass. Designed by an experienced team of international architects. Two design types are on offer, each one affording four en suite bedrooms and large open plan living areas, ideal for accommodating guests or just enjoying your own private space. Large balconies and a beautiful poolside terrace with private infinity pool, offer a choice of outdoor areas from which to enjoy the super weather and mountain/sea views.

You can also be assured of the high standard of construction and finish of the Kalkan Mountain Villas. Built in partnership with UK architects and chartered surveyors, to offer you a generous guarantee and total piece of mind. Internal finishes are exquisite and use the best of Turkey’s natural resources and craftsmen. Beautiful polished beige marble floors and hand crafted white stone garden walls are just a few items to mention, and of course all fittings and appliances are to high standard.

This select development in Kalkan Turkey comprises of just 10 villas of which 4 are already sold. With prices starting from just £399,000 this is your chance to own an affordable luxury retreat. For further information or to discuss your property in Turkey requirements in full, please contact us on:

Black Lion Bridget and Sakir Karaaslan
UK Tel: 0871 9902077 (calls charged at domestic UK rates)
Int.Tel: 0090 (0)242 8441345
Fax: 0090 (0)242 8442789
Mobile: 0090 (0)532 4404112
Skype Name: blacklionproperty
Office Address: Yaliboyu Mah. 3 Nolu Sok. No. 7, 07960 Kalkan, Antalya, Turkey
Website : http://2blacklions.com/

Eco friendly Real Estate Manuel Antonio Costa Rica

2008-11-24T12:15:00.000-08:00

Manuel Antonio is one of the top touristic destinations in Costa Rica, established in 1972 this is one of the most beautiful and bio-diverse areas in the world, stunningly beautiful with an incredible selection of wildlife Manuel Antonio contains a charming combination of rain forest, beaches and coral reefs.

The really exciting news is that KC Development Group - A major international development company - has launched a uniquely eco friendly project that provides a complete luxury lifestyle – Palazzo Park is situated just a few metres from the park’s entrance and right in front of the beach

This amazing condo hotel development has been built using Feng Shui design principles and provides all the facilities of modern living whilst fully integrating with the glorious tropical surroundings

Amenities include a luxury shopping centre, restaurant, swimming pool with rancho bar, gym, spa, green areas and parking spaces surrounding the first level

Units available include one bedroom, two bedrooms and three bedrooms or there is a choice of two and three bedroom penthouses - all units include state of the art facilities such as Wi-Fi, high-speed-internet, a high-tech lighting system, smart home climate controls, granite work-tops and top end finishes.

This is truly a luxury lifestyle destination fully integrated with the natural surroundings and a unique opportunity to purchase a great investment in an eco friendly development where relaxation and glamour converge to provide you with a once in a lifetime opportunity

Contact Palazzo Park today and reserve your place in heaven.

Apartment for sale Sabina Italy

2008-11-22T07:53:00.001-08:00

Apartment for sale in Sabina

Already renovated and updated, this 100 sqm ground & first floor duplex apartment in Sabina Italy is in excellent condition and is located in the historic centre of the village . It comprises, entrance hall, lounge with kitchen corner, three double bedrooms, shower-room & large cellar, still requiring renovation that could be transformed into tavern / den . A central heating system has been installed, although the (methane) gas supply has not yet been hooked up. Despite the apartments location, it can be reached by (saloon) car although it has no off-street parking. Asking price: € 130.000,00

BEST IMMOBILIARE S.r.l.
P.IVA 00998550578
Via G.Matteotti, 57
02047 - Poggio Mirteto (RI)
Tel. +39 0765.444011
Fax +39 0765.444011
info@bestimmobiliare.com

Find Estate agents in Italy on Best Five Property .tv

Bargain properties for sale Mojacar, Vera Playa, Garrucha, Almeria Spain

2008-11-21T10:11:00.000-08:00

With the madness of July and August well and truly out of the way, the Costa Almeria gets back to what should be normal but of course we all know this is not the case. The Summer did bring the normal blazing temperatures and happy tourists but there was a sense that the current world economic climate was lingering in the back of everyone's mind from the holiday makers to local businesses this worldwide problem hits us all. The tourists noticed immediately upon changing their money this year with the Euro exchange rate being as low as it was. The local businesses around Mojacar, Vera Playa and Garrucha all have reported a fairly poor Summers trading, so we all scream doom and gloom and decide to batten down the hatches.
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Los Gallardos Static Home

4 bed 2 bath static home in Los Gallardos, fully furnished, communal pool and club house.
Offers in the region of £42,000

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There still is no getting away from the fact that Spain is what it always has been though, a welcoming friendly country with a fantastic climate and only just over two hours away from the U.K and Ireland. Sitting here in Los Gallardos a little village 10 minutes inland from Mojacar, flicking occasionally to U.K telly also tells me that Spain is still considerably cheaper than the U.K and Ireland too. With Winters coming fuel bills to look forward to and the relentless rain and cold I am writing this article to let you know its not all depressing news.
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2 bed 1 bathroom apartment in Palomares

2 bed 1 bathroom apartment in Palomares only 90,000€ reduced from 134,000€ inc terrace, garage and fully fitted kitchen.
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Now I hear what you are shouting 'another estate agent in Almeria knocking the U.K & Ireland and feeding us rubbish about Spain to line his pocket'. Yes I have to earn a living as we all do, but I believe the current economic situation has served a good purpose over here in Spain particularly and allow me to explain why.
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3 bed 2 bath apartment in Turre

3 bed 2 bath apartment in Turre only 96,000€ reduced from 137,500€ coming partly furnished and a stroll into the village.
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Until this recent down turn there have been a lot of 'Bigger' companies in Spain 'getting fat' on large commissions for selling property. The current climate has now commanded that those large commissions cannot be paid anymore and the majority of companies which were in this industry to 'get rich quick' have moved on to pastures new like Bulgaria and Turkey. This has regulated house prices, got rid of some of the more unscrupulous companies that were operating and made companies that are left address their standard of service and commission charge in a fight for their next client. I do accept and hopefully you will too, that a sale commission here in Spain has to be a little higher than what is the norm back in the U.K & Ireland as advertising property and our services nationally back there is a very expensive exercise but something that has to be done. Also a comprehensive aftersales service is one that we promise, deliver and charge no extra for.
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2 bed 2 bath 1st floor apartment on Vera Playa

2 bed 2 bath 1st floor apartment on Vera Playa fully furnished ready to walk into only 116,500€ off plan was 174,000€

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The other worry that has been associated with Spain is also starting to be addressed, the issue of legalities. The 'Ju nta de Andalucia' has now announced plans to legalise many homes deemed illegal, recognising the political tit-tat between parties is damaging Spain's reputation not to mention many peoples lives. Also local laws now insist and enforce agents have copies of Escritura's, Nota Simple's and recent copies of paid utility bills when taking property on to their portfolio to ensure all is in order for any potential client. Good sensible codes of conduct to protect both purchasers and Spain's reputation for the future.
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Los Geranios - Direct from the builder

Los Geranios - Direct from the builder 2 bed 2 bath top floor apartments with communal pool, roof terrace, garage and storeroom only 119,950€
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But of course the main product of this economic slow down is cheaper property. Yes commissions have been slashed and asking prices reduced by a lot of builders now as they frantically look for ways to get rid of their stock list. Many Spanish builders have never had a 'Stock List', a few years ago the bigger companies had whipped up such a frenzy with very good marketing that it was almost a case of clients rushing off a plane and buying two or three properties before it was too late and they missed the band wagon. Unfortunately many of those people now face the reality of paying two & three Spanish mortgages or trying to sell those properties quickly in a very slow market. This creates a sense of panic and properties almost being given away before the bank comes knocking on the door or in some cases repossession. Those of you reading who have been out with Coles in Almeria Spain will have heard me (Simon) on my soap box explaining and condemning this situation but its one I feel passionate about as its us who are regularly meeting these clients to witness the misery and desperation they face.
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Direct from the builder 4 bed 3 bath townhouse

Direct from the builder 4 bed 3 bath townhouse in village location reduced to 125,000€ inc IVA
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I know this looming housing depression is a normal cycle, the ups and downs of the property market, a self regulating by product of our financial greed. An obvious point to make is that if your personal situation allows, winner's can come out of this doom and gloom. It is a buyers market, that is no secret and of course you would expect me to come out of this article with a positive spin and that's exactly what I am going to do but with no lies or false promises.
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2 bed 2 bath bungalow in Villaricos

2 bed 2 bath bungalow in Villaricos just minutes from the sea with roof solarium reduced to 139,000€

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We can offer at the moment a growing list of property in Almeria at incredible prices. I know the exchange rate has tumbled but property prices have had to reduce even more to counter act this. We are now faced with prices unheard of, the 'Distressed Sales' list for all agents is now very much the vogue. For the first time in years investors are back in the Costa's cherry picking these bargains. Whether they come in the form of a builder special offer, a desperate re sale or a bank repossession is of little importance the ultimate draw is real value for money and a sound medium/long term investment. I have had one or two clients say (in fact you maybe reading right now) that they don't think we have hit rock bottom just yet, my answer there is that for many of my re-sale vendors we have. They have given me their genuine bottom line they need for that property and they cannot go below just because they simply have to sell quickly.
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2 bed 1 bath apartments in Mojacar

2 bed 1 bath apartments in Mojacar a walk from the beach with communal pool and good sized terrace reduced to 149,000€
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Conscious of the fact I am waffling on, here are a few examples to finish off with.

Duplex on valle del este golf course

2 bed 2 bath large duplex on valle del este golf course with huge terraces and a roof solarium reduced from 200,000€ to 162,000€

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2 bed 1 bath bungalow in Mojacar

2 bed 1 bath bungalow in Mojacar, with garden, terrace and roof solarium. Sea views and a walk to the beach reduced to 165,000€

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Very desirable 'Harbour Lights' development Villaricos

2 bed 1 bath fully furnished apartment in the very desirable 'Harbour Lights' development, Villaricos inc air-con reduced to 165,000€

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off plan villas in Arboleas or Huercal Overa

3 bed off plan villas in Arboleas or Huercal Overa now from 175,000€

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Villa on Valle del Este

2 bed 2 bath detached villa on Valle del Este on a plot of around 300m2, fully furnished,air-con with communal pool reduced to 199,000€

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Lakes Vega

3 bed 2 bath key ready 'Lakes Vega' villa with 10 x 5 pool on a 600m2 plot now reduced to just 199,000€ a saving of over 40,000€

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Cortijo Almeria

3 bed 2 bath Reformed village cortijo very well done to a high standard reduced by 35,000€ to just 210,000€

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Duplex Alfaix Almeria

4 bed 3.5 bath huge duplex in Alfaix with stunning views, pool, air-con and roof solarium reduced from 240,000€ to 216,000€

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LUXURY villa in Puerta Lumbreras

3 bed 3 bath HUGE LUXURY villa in Puerta Lumbreras has everything reduced by 45,000€ needs to sell asap 329,000€

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Distressed sale

This one will not be for sale long an absolute steal, 2 bed 1 bath apartment on Valle del Este golf course. Communal pool, fully furnished, private parking. Has to be sold very quickly a 40,000€ reduction now for sale at 99,000€. Please compare this price anywhere it will not be beaten !!!

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This is just a short list of what's currently on offer, some properties may come down even more on price depending upon each situation but we can advise you there. If you have an area of particular interest and a budget you need to work to, we can try to meet those requirements also.

Thank you for your time reading this article, I'm sure most of you are bombarded with foreign property offers far too often. I hope this article finds you well and if you would like to contact us then please do on the details below. We are here to help.

Kindest regards Simon Cole

http://www.colespain.com/
email: info@colespain.com
Tel (0034)950469592
Mob (0034)697640681

Spanish property Almeria

Real Estate Lazio for sale Italy Estate agents

2008-11-18T11:15:00.000-08:00

Italian food and hospitality are famous the world over and between Rome, Umbria and Tuscany lies Italy’s best kept secret - Sabina

Known colloquially to the Italians as ‘paradiso gastronomico’ Sabina is situated in valleys of picturesque medieval villages, olive groves and vineyards with woods full of mushrooms and truffles that are just perfect for hiking in the summer and snow skiing in the winter

Just 40 miles North of Rome and easily accessible from Rome’s major airports and low cost airlines from Viterbo's airport - which is due to open in 2010

Here the traditional way of life is more authentic and far better preserved than in the more famous regions of Tuscany and Umbria yet the prices are generally lower for houses as well as food

Best Immobiliare are an established and fully qualified local estate agency that can help you find your ideal property - be it a grand villa, a small apartment or perhaps an Italian farmhouse to renovate. Prices in this part of Italy are surprisingly affordable.

Whatever your requirements in this glorious part of Italy Best Immobiliare are there to help with a multilingual team and because they actually come from, and are based in, Sabina they know the local customs and culture - which can make all the difference when trying to negotiate the best deal.

Best Immobiliare are part of a national network with property all over Italy and are also members of the AIPP and FIMAA so you can be sure you’re dealing with professionals

Caicos Beach Club Resort Caicos

2008-11-14T07:40:00.000-08:00

Caicos Beach Club Resort

Pristine white sandy beaches – crystal clear turquoise waters and magical sunsets – these are the Turks and Caicos islands located just South East of the US state of Florida and in the heart of the Caribbean - a true tropical paradise

Relax and enjoy the beauty of the islands and the friendless of the people

Maybe you can spot hunpback whales on their annual migration through the “Windward Passage” or if you prefer - diving in some of the best coral reefs in the world

First class service and first class accommodation are what make these islands so attractive to those who enjoy the finer things in life

Caicos Beach Club Resort and Marina is a 5 star exclusive vacation resort offering a quite amazing 50% below current market prices so you are already ahead before you start, and in a place with no income tax on revenue generated from property, no capital gains tax, no annual real estate tax and no inheritance tax, that really is something extraordinary - because it means that all your rental income and capital gains are free of taxes – now that’s paradise!

The developers have more than 40 years experience in contracting and developing and the first phase of the development is already completed so you can see for yourself the quality and design features that make this an opportunity not to be missed.

Facilities will include Asian spa, tennis courts, golf course, sailboats, even a casino and with the sunshine guaranteed Caicos Beach Club Resort is one those “once in a lifetime opportunities” so if you are looking for a great investment why not give us a call right now

Dunes Golf Spa Resort Port El Kantaoui Tunisia

2008-10-28T03:08:00.000-07:00

The official launch of the Dunes Golf & Spa Resort
Apartment Prices from €25,990

Overseas Property Worldwide are proud to present the 5-star Dunes Golf & Spa resort situated on Tunisia’s Exclusive Gold Coast. The beachside development consists of 430 apartments ranging from studios to three beds, surrounding a lavish 50m long pool and Jacuzzi in a secure, gated development. The resort also benefits from a private beach, onsite Spa Centre with a further indoor pool, sauna, Turkish baths and massage treatment facilities, as well as a free shuttle service to the world renowned El Kantaoui Golf Courses, situated merely a couple of minutes away. In addition, residents will also benefit from a supermarket, bakery, bank and a cafe conveniently located within the resort whilst most other amenities are either a 10 minute walk or a short taxi ride away. Welcome to the future.........welcome to Tunisia’s first ever 5-star residences, The Dunes Golf & Spa resort.

• Brand new exciting overseas property market
• First‐ 5 star residential development in Tunisia
• Large outdoor pool and Jacuzzi
• Heated indoor pool and Thalasso Therapy Spa centre

• Private Beach 150m away
• Courtesy Golf shuttle service
• Gated development with 24h Security
• Low starting prices from €25,990
• Excellent rental yields of 10% +
• Fantastic quality of finish
• Show flat on site
• Completion June 2011

Dunes Golf & Spa Resort – Port El Kantaoui Tunisia – 5 star resort completion in June 2011 – prices from 25,990 euros with 10% plus rental yield

Property Phuket Thailand for sale Coconut Island Real Estate

2008-10-23T03:23:00.000-07:00

The Kingdom of Thailand is a place of exotic charm, friendly people and tropical islands

Just 500 meters off the east coast of Phuket lies Coconut Island perfectly situated in the sheltered waters of Phang-Nga Bay nestled between Phuket and the mainland.

In recent years Thailand has moved towards “higher quality” tourists and today many visitors are so taken with the location, climate, culture and the friendliness of the people that they’re buying luxury villas in Phuket with future plans for retirement

The cost of living is approximately one third of UK prices and the properties are not only divine they are affordable and great value for money.
The Village Coconut Island

“The Village” is a 5 star development of luxury villas - 2 bedrooms up to 5 bedrooms - and each with their own private pool and sea views

Just imagine one of the most exclusive luxury resorts located in a tropical paradise where you can walk bear footed on pristine sandy beaches just yards from your own stunning villa, or sip a cocktail in your very own swimming pool.

Enjoy the first class sports facilities and water sports, including diving, kayaking, water skiing and yachting.

With prices starting at just 320,000 British pounds up to 800,000 British pounds this really is a unique opportunity where owners can expect excellent returns on investment in both rental income and capital appreciation.

The resort even has it’s own fleet of speedboats ready to whisk you across to the main island in less than 5 minutes

Investment property Real Estate in Cyprus

2008-10-20T05:08:00.000-07:00

One of the most popular Mediterranean destinations and the sea’s third largest island is Cyprus, and the southern area is rapidly becoming a focal point for both local and foreign investors looking for a potentially good return on their investment. The combination of year-round sunny climate and a modern 21st century infrastructure have created this surge in Real Estate investment interests.

Cyprus offers the investor a safe legal system as well as one of the lowest percentages of personal taxation in the world and a cost of living which is significantly lower than the European average. Cyprus is also very rich in culture and history so the societal appeal is there, also. If the thought of investing in something secure that will also provide a great return on that investment, then property in Cyprus may just be the answer.

The southern villages of Limassol and Nicosia are two areas worth investigating, and if recent migration of locals from the urban areas to the coastal environment is any indication, the time to invest is now. Property is still very reasonable, whether you want to build a vacation villa as your second home, or you’re after rental income property. Just be aware that property values are bound to increase in conjunction with the influx of local and foreign investors.

Cyprus recently gained admission into the EU which has had a dual impact on the island. It has not only brought more visibility to foreign visitors, but it has also caused a surge in investment interests in real Estate property. The investor has the potential of earning income from rental property, as well as from the appreciation of the property’s value. So the purchase has the potential of paying for itself. This has created a scenario where the overseas buyer may experience higher returns on their investment in a relatively short time span, especially where a comparison of other European markets is concerned.

How the current global economics impacts the housing market

2008-10-17T01:45:00.000-07:00

International property investments are the best option. Going forward anyone with any savings will do well to invest in international real estate. On October 13th 2008 the financial markets finally responded positively to the measures proposed by the major governments around the world in a concerted effort to remedy the crisis in the banking system. A crisis very much created by the world’s leading governments’ flawed policies, poor decisions and failure to adequately regulate the credit markets.

Ben Bernanke should have reduced interest rates much sooner as the high interest rates clearly caused many US homeowners to default on their mortgage payments, which was the beginning of the current US mortgage problems. By lifting US interest rates the dollar remained strong and made exports difficult at a time when more and more oil was imported at ever increasing cost to the US economy. This was really bad news for the US budget deficit. Interestingly the US National Debt as of today - 14th October 2008 stands at an incredible $10,281,930,345,890 which is equal to $33,721.60 for every single US citizen and too long to read properly. It is growing at over $3.34 billion EVERY day!

Notice that since US interest rates have been reduced US exports have increased which has helped strengthen the dollar. These increased exports have provided some relief to the US economy; failure to cut interest rates sooner – a big mistake Mr Bernanke.

Emerging markets sovereign wealth funds in the past few years decided they should keep some of their cash and this added to a lack of liquidity in the US markets.

Something many seem to have forgotten is that the major investment banks were allowed to increase their leverage in 2004 with changes to the SEC's "net capital rule." This in effect allowed the five largest investment banks in the US to greatly increase their capital leverage ratios from 12-1 to as much as 40-1. Basically this was one of the main motivations for the investment bankers to conjure up new ways of packaging debt. Interestingly all of these banks have recently either collapsed or transformed themselves into commercial banks.

So the cause of the current financial crisis “credit crunch” is a mixture of poor regulation of the credit markets, failure to cut interest rates sooner, the effects of increasing cost of commodities; particularly oil, sovereign wealth funds hording cash and changes to the net capital rules for investment banks in 2004.

It has to be said that most of these factors are a direct result of government policy and lack of government action. Clearly the US is the major culprit but in the UK Gordon Brown surely has to stand up and accept responsibility for not regulating the UK credit markets. A classic example is allowing local councils to gamble tax payers’ money on high interest schemes peddled by incompetent banking staff in countries such as Iceland; roll-up roll-up today we are offering an extra 1% for your money; what they didn’t shout about was the fact that this extra 1% was offered because the investments were in toxic debt; very high risk debt instrument that should have been paying 20% not 6%.

As for the UK banks they gambled money they didn’t have on various high risk debt instruments packaged in “special investment vehicles” set-up by smart US investment bankers to make toxic debt look harmless and our UK bankers now claim they didn’t properly understand the risks. Well if they didn’t understand the risks then they should have steered clear but the truth is that the culture in the city was to focus on yearly bonuses not worry about what might happen when these toxic debt packages mature in 3 to 5 years time. So it was an attitude of “make hay whilst the sun shines” and this is exactly why better regulation in the credit markets is needed.

So what does the future hold? The banking system is going to take years to recover so where should we put our savings? The stock market does not look like a very attractive option at the moment; stocks will take years to recover.

With a global recession pending commodities will fail to deliver the kind of attractive returns seen in the past 5 years or so.

Savings schemes offered by the big banks and financial institutions will obviously be viewed with a huge pinch of salt so that leaves property and with an ever increasing world wide population that has to be housed - surely property is the place to invest.

Find the right property in the right location; which probably means not the UK or the US and negotiate the best price, stay in there for the longer term and watch your investment grow. There are a number of developments in locations that are just becoming established and for the shrewd investor willing to do their homework the international property market today offers the best mix of security and growth.

Removals Spain Europe

2008-10-16T05:39:00.000-07:00

European Transit offers a complete door-to-door removal service for anywhere in the EU and Spain. If you are moving from one country to another then we provide a stress free, seamless service to suit your individual budget, we can provide all the packing materials including boxes, bubble rap, tape, permanent marker-pens, in fact it’s a complete turn-key service
We can also do part-loads so don’t worry if your items are not enough to fill a lorry - we can still help. In fact whatever your requirements just give us a call for a totally free no-obligation quotation.

We not only “transport” but we also offer storage facilities as we understand that when moving, quite often you will be restricted due to other people vacating or moving and in some cases it’s more convenient to store before final delivery.

Our European removal service is fully insured and can cater for every eventuality, from the most unusual items to the more straight forward removals. Our prices are low but we will not sacrifice “cost over standards” as we pride ourselves on our professionalism and quality of service and we will always work to exceed our customer’s expectations.

To put it simply –“we take the stress out of your day!”

The service we offer is totally tailored to your individual requirements and our staff will always be courteous, careful and efficient.

You can contact us by either telephone or email - just give us a call at our head office in Spain 0034 951 27 3831 or on 0034 607 24 1843.

If you prefer you can email to info@europeantransit.com

Investment Opportunity in Canary Islands

2008-10-10T06:42:00.000-07:00

The Canary Islands are composed of eight islands (seven major, one minor) but these islands are considered hot property because of the popularity of the Canary Islands as the tourist destination. The Canary Islands provide pristine waters all year long with a summer like weather without too much heat. Its geographical location has enabled the islands to enjoy a beautiful sunny weather almost all year long. Aside from its beautiful natural setting, the culture of the islands is also worth noting. Each island has their unique cultural traditions which often encourage the tourists to go on island hopping.

The most popular island in this group is the beautiful island of Lanzarote. It’s a major island that offers beautiful waters not to mention the nightly parties that usually lasts until the wee hours of the morning. Naturally, the most expensive real estate properties in the Canary Islands are in Lanzarote. The properties in Canary Islands are generally more expensive compared to the mainland Spain and Lanzarote is far more expensive compared to other islands. But that doesn’t mean other islands are less beautiful.

Other islands are still lands of opportunity and investment. Luxury villas also exist in other islands. If you’re planning to purchase a property in Canary Islands, you should remember that the transaction is still dictated by the laws of Spain. Some of the notable rules and laws in real estate is the completion of transaction has to be done in time as failure to do so will forfeit your deposit. To be safe, get a good Spanish lawyer.

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Investing In Bali Real Estate

2008-10-09T05:12:00.000-07:00

Investing in Bali Real Estate is very lucrative as well as dangerous. This exotic island of 3 million residents feature miles after miles of pristine coastal waters. The inland is as beautiful as its beaches as rivers, mountains and forests abound inland. Those who wanted to have a restful place at the beach could stay in the shore while the inland is very appealing to adventurers. The island is full of tourists all year long preferring to stay in luxurious villas and apartments. Because of the high demand, real estate investment is very lucrative.

It is very easy to invest in Bali. The government allows foreigners to rent land for up to 45 years. But a land will only be owned not as a business property. If the land is going to be developed for business purposes, a local partner or partners have to be sought which should own at least 51% of the business. A different permit has to be sought and it could take sometime, or worse, could end up being scammed after being bribed.

Success in real estate in Bali will require experience as well as working with locals you can trust. Balinese real estate is a high risk investment plan but when done with the right people and practice, you could have a great villa or apartment in the beautiful island. It’s a 5,000 square paradise in Indonesia that should not be missed. Although there are challenges in establishing a successful business in Bali, it’s all worth it with dedication and being surrounded with the right people.

Bali Real Estate

2008-10-09T05:09:00.000-07:00

Barely four kilometers from Java is the island of Bali. A major tourist destination in Indonesia, Bali features lush forests, pristine rivers and breathtaking beaches. Tourists from around the world come here in any given season to enjoy the natural beauty of the island. Aside from its beautiful surroundings, the Island is also known for its exotic culture and arts which leaves the tourists in awe of its tradition.

Culture and natural beauty has made Bali a very attractive tourist destination for tourists around the world. Because of its popularity, there is a great investment opportunity in this island. Real estate in Bali is increasingly becoming expensive even in areas far from the shore. The inland is still very attractive because of the beautiful mountains that have attracted tourists. These volcanic mountains are still active which contributes to the exotic feel of the island.

The island is nearly 6,000 km2 only. It’s relatively small which means the entire island could be occupied within years. The island is very attractive to tourists and foreigners because non-locals are able to rent a part of the island up to 45 years.

Interested real estate investors have three options to ensure success in Balinese real estate. First, they can look for a trusted developer who will improve your real estate after you acquire the land. Second, you can personally select your contractors. However, this is only recommended if you live in the island and know a lot of trusted people. Third is to purchase luxury apartments or villas scattered all over the island.

Property Investment Opportunities in the Middle East

2008-10-09T05:00:00.000-07:00

A recent survey conducted this past September (2008) showed that property investment opportunities in the Middle East are expected to outnumber and outperform all other property markets for the next 2 to 3 years. According to the Jones, Lang, and LaSalle survey, the market will remain bullish on Middle Eastern property investments with Saudi Arabia and the United Arab Emirates being the top performers.

Interestingly enough, there is not a consensus of opinion and some market analysts do not share the survey firm’s enthusiasm. Additionally, these “naysayers” have urged the short term investor to sit still for the time being and hold on to their investment capital. Over 50% of the developers, property investors, and sovereign wealth funds that were actively involved in the survey believe that the strongest global real estate market for the next two years [at least] will be in the Middle East Gulf region.

Dubai continues to be the “hot spot” despite the fact that villa prices in the city are rising much more rapidly than apartment and condominium values. As it stands at the present time, roughly 50% of the survey participants feel that Abu Dhabi, Dubai, Qatar, and Saudi will be the top four money-makers, and that Abu Dhabi will eventually surpass Dubai for growth and property value increase.

The strong international value of the region is due to active investors realizing strong capital growth in their current investments and the consensus of opinion is that the current global economic slowdown will have little or no effect on the above-mentioned Gulf regions. Less than 20% of the survey’s participants felt that there was any noticeable effect from this economic downswing. However, according to the “experts”, it will be 2011 or possibly 2012 before we see any recognizable recovery from the global economic dilemma.

Property Investment Opportunities in Portugal

2008-10-09T03:27:00.000-07:00

A Brief Overview of Portugal economy and property market

Since the late 1960’s, Portugal has been continually visited by both vacationers and property investors alike and Portuguese property continues to be a solid investment. As a result of Portugal’s entry into the EU (European Union), the country was awarded 21 billion Euros (£14.2bn) in grant form to help the country develop economically, and a large portion of that went to developing the tourist areas and attractions in the Algarve.

Why invest in Portuguese property?

Investors have typically had a variety of factors that they have based their purchasing decision on where property investing in Portuguese property is concerned. Additionally, beach and golf lovers are enticed by what Portugal has to offer in addition to the country’s strong tourist industry. The combination of affordable property prices and a relaxed lifestyle make Portugal one of the most ideal European locations for a holiday or a retirement destination.

Cultural and natural aspects

• Direct flights from most international airports create ease of access to the area.

• Climate in Portugal sees over 300 days of sunshine per year which is conducive to an outdoor lifestyle.

• English is very prevalent in the area due to so many British and Irish tourists. Most of the country’s financial and legal professionals are extremely proficient in the English language.

• Fantastic scenery, dramatic coastlines, expansive golf courses, natural beauty, and sandy beaches are some of the best in Southern Europe.

• Moorish and Oriental history are major influences of Portuguese culture and society which is enjoyed throughout most of the country

• Portuguese people are extremely friendly in nature and are generally hospitable and kind, as well as how they usually welcome foreign visitors with compassion and warmth.

All of the above equates to Portugal being a terrific retirement destination as well as a great investment opportunity.

Property in Portugal Silver Coast

Property Investment Opportunities in Italy

2008-10-09T03:02:00.000-07:00

With the dynamics of property investing shifting in the past decade, the concept of owning a second home or property overseas has equated to a combination of improving the quality of life as well as being a shrewd yet sound investment. This changing trend in property investing attitudes is the key reason why property investment opportunities in Italy are on the rise as well as why the Italian property market continues to thrive.

Italy has always been viewed as a more established property market and therefore is considered a viable investment destination. When a property market has a good infrastructure and a stable economy combined with culture and tradition, this is considered to be a winning combination for both local and foreign investors. And of course, there is that charm that Italy has always held as part of its allure to tourists.

Italian property offers the same quality as its European neighbours but at a much lower price. The assortment of attractions in Italy are numerous and diverse. Whether it’s beaches, forests, mountain ranges, "snow-capped" peaks, or vibrant cities, there is basically something available to entice and satisfy every taste imaginable. The range of numerous activities and leisure attractions abound, so boredom within one’s lifestyle is not an option when looking into property investment opportunities in Italy.

Italy is currently second in property investments in Europe with a 19% market share. Only Spain has a larger percentage, but Italy is beginning to narrow the gap. Developments and improvements in the country’s economy have created significantly more room for expansion. Despite the fact that housing prices and property values rose nearly 20% overall in 2007, Italy is still experiencing an influx of property investment growth and is predicted to continue doing so for the next 3 to 5 years.

Real Estate Agents Tuscany

Property Investment Opportunities in Cyprus

2008-10-09T02:44:00.000-07:00

The third largest island in the Mediterranean Sea and one of the most popular tourist destinations is Cyprus. As a result of this, Cyprus is gaining a lot of attention from foreign property investors, especially the southern part of the island which is under Greek Government rule. Cyprus at one time was under British rule, but that ended with Cyprus gaining independence in 1960 and then becoming a Commonwealth Republic a year later in 1961.

Cyprus now is being ruled by two different governments – Greece in the south and Turkey in the north. This resulted after the 1974 conflict that erupted between Greek and Turkish Cypriots for control of the island and is the chief reason why the island is divided governmentally today. The result has been a focusing of local and foreign property investors favoring the southern versus the northern half of the island.

Cyprus has so much more to offer property investors than just being a major tourist destination. Despite the fact that affordable investment property is plentiful in Cyprus, it always pays to put in a little due diligence and research the idea before making any type of decision.

The key to Southern Cyprus being a more viable investment opportunity stems from its much modernized infrastructure as well as the fabulous landscape and coastal areas. If growth and stability are keys to your investment decision, then the southern part of the island may be what you should investigate, but just remember that the local residents are also recognizing this factor as well.

The capital city of Nicosia and Limassol (the 2nd largest city) are the “hot spots” for the present time. The former is well known for its numerous ancient and quaint shops, while the latter is the hub of the wine industry on the island. Just keep in mind that you can purchase property in Cyprus and build on it, or you can remodel it and resell it in order to make a profit in the future.

Property Cyprus for sale

Property Cyprus - Real Estate Cyprus for sale

Property Investment Opportunities in Costa Rica

2008-10-09T02:33:00.000-07:00

There are currently over 100,000 Americans living in Costa Rica as well as others who have invested in property there, and realized substantial gains ranging from 30 - 100% on their investments. In the past couple of decades, we’ve seen a lot of attention focused on the Central American countries of Honduras, Nicaragua, and Panama. So does this mean that Costa Rica is an equally viable investment? Yes, it does, and here are some facts and reasons why.

First of all, Costa Rica is a location that is well established when you consider the economy and the infrastructure. The following four aspects of the infrastructure there is what has made property investment opportunities in Costa Rica so enticing:

• great recreational facilities
• great utilities
• quality housing
• safety

Suffice it to say, there are other areas in Central America that just cannot compete with the quality of life that Costa Rica has to offer.

Here are some key points to consider regarding property investment opportunities in Costa Rica:

• Beachfront property is still affordable but the demand for it is growing steadily – crystal clear blue water, pristine beaches, and a stunning coastline are features that cost up to 70% more in the United States.

• Retirement funds, Social Security earnings, and wages in general go a lot further in Costa Rica – most people today are worried about not having enough savings and living longer so this becomes a major consideration when it comes to investing in Costa Rican property.

• Costa Rica’s central Pacific coast is a safe bet for property investors – the major city is Jaco and property there is a bit on the expensive side, but once you go in either direction outside the city, it has the potential to result in a more profitable investment.

London and Birmingham Property Exhibitions

2008-10-06T03:23:00.000-07:00

I recently attended the Property Investor Show in London and then the Place in the Sun exhibition in Birmingham. There was a reasonable turnout to both exhibitions, both in terms of exhibitors and potential customers. Exhibitions are an expensive marketing option as not only is there the rent of the stand but also the cost of decorating the stand and then providing staff with their associated travel and hotel costs, so not much change out of 15,000 pounds event for a small stand at one of these exhibitions.

But it seems that many companies find these exhibitions provide a good return on their marketing investment and so they continue. They certainly provide a barometer of the current market sentiment. I was pleasantly surprised about the attendance, given all the bad news in the media about the 700 billion US package to bail out their banks, that was circulating that week. I was therefore prepared for a large dose of negativity but in fact the mood was fairly buoyant.

Turkey seems to be very popular this year and once again there was evidence at these shows that this trend continues. There were exhibitors from all over the World including Finland, Costa Rica, Argentina and Australia.

A number of exhibitors reported good lead generation and a surprisingly successful show, and of course some were disappointed and generated very few good leads. But on reflection I would say overall the mood was positive and that feeling was that it was worthwhile being there.

In fact quite a few of the exhibitors are now in Moscow and the Middle East attending other shows and so the circuit continues.

International Real Estate Agents:

Charles Oliver International Property
Reece Carrington Overseas Property
Overseas Property Worldwide

The Russian Market and online marketing using Video

2008-10-06T03:14:00.000-07:00

Are you interested in the Russian market? Many agents and developers are tapping into this lucrative market. As the economy in Russia continues to boom there are many investors looking for a good investment opportunity in the international real estate market. Not speaking Russian is not necessarily a bar to the Russian market as many of the international buyers either speak English or have employees who speak English. The question is how do you make contact with all these Russians with money to invest?

Well obviously if you are unable to speak Russian it is more difficult to construct a marketing initiative that targets the Russian market as you will need to include exhibitions, magazines and Russian property websites. There is an easy alternative that is cost effective and actually works very quickly. Best Five Media Marketing have recently launched Russian video marketing with videos produced in the Russian language that can be marketed on the Russian search engines. How do you market on the Russian search engines? Best Five have developed certain optimization techniques that we get your video to the top of the major Russian search engines (not primarily Google) and this will ensure your company is seen by the many investors in Russia who are looking for the right investment opportunity.

This is a great low cost way of getting into the Russian market it’s quick, effective, easy and great value. So if you are interested in accessing the lucrative Russian market contact the team at Best Five for an informal chat and further details.
http://www.bestfiveproperty.tv

Real Estate Cyprus Limassol, Paphos, Nicosia, Larnaca and the free Famagusta area

2008-09-30T05:39:00.000-07:00

Shakespeare's Othello was set in Famagusta - during the crusades Richard the Lion heart married his sweetheart at Limassol.

This is Cyprus - one of the oldest civilisations in the Mediterranean - From the quiet backwaters of the western peninsula, to the lively resorts in the east, Cyprus has something for everyone – maybe you’re considering buying a property in Cyprus? Then you really should talk to ERA who specialise in Real Estate Cyprus – with offices in Limassol, Paphos, Nicosia, Larnaca and the free Famagusta area.
ERA can help you find your ideal property - be it a studio, an apartment or a luxury villa – ERA will always be there for you – always ready and willing to help - here are just a few comments from some very satisfied customers…….

“When we first stepped into the ERA office in Kato Paphos, we were made very welcome by all the staff there. They listened to our needs and arranged for us to be shown around the very next day. ERA were only too willing to give us advice on any matter. We can thoroughly recommend ERA to anyone who is thinking of buying in Cyprus” Mr and Mrs Munton

And from Karen Banyard in the UK……. We truly recommend ERA and have done so to friends that are thinking of buying in Cyprus and should we decide to invest in property for our family would definitely use ERA again. A great company!

So if you’re thinking about relocating to Cyprus, buying a 2nd home, or investing for your future then you really have to contact ERA they will be pleased to hear from you.

Property Cyprus for sale on YouTube:

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Property Cyprus Real Estate Famagusta, Nicosia, Paphos, Larnaca Estate agents Cyprus

2008-09-30T04:41:00.000-07:00

Cyprus lies at the crossroads of three continents, where East meets West and a new experience awaits you under the sun every day.

Championship Golf courses, beautiful beaches, and rugged mountain trails

There is indeed something for everyone in Cyprus

Philippou Properties is a real estate developer in Cyprus with some exciting new developments in Famagusta, Nicosia, Paphos and Larnaca, all high quality with more than the average floor space and very affordable prices starting at just €135,000 for a one bedroom apartment up to €3,500,000 for luxury beach front villas

Philippou Properties have more than 30 years combined experience in Cyprus real estate development, construction and sales. With offices in London, Cyprus and Moscow we are committed to quality and customer service having been awarded the Quality Management Accreditation ISO 9001 and membership of the Association of International Property Professionals (AIPP) which is the governing body that regulates the overseas property market

One of their developments is Paradise Homes a prestigious low density development set over three unique blocks of two and three stories located in tranquil, sub tropical landscaped gardens

This state of the art complex has 107 units which when completed will boast modern architecture and stylish interiors, fully fitted Italian kitchens with the highest quality appliances, pre installation of air conditioning, double glazed windows and underground parking, professional gym with spa facilities

So if you’re interested in Cyprus and feel you deserve that bit extra in terms of quality and customer service why not contact Philippou properties today, they will be pleased to hear from you and are always friendly, professional and ready to help - just call 00 357 24 819 590

Property Cyprus Real Estate Cyprus for sale on Youtube

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Condo for sale South Sound Cayman Islands

2008-09-30T01:45:00.001-07:00

Condo for sale price CI$916,000.00

Beds: 3
Baths: 2.5
Year Built: 1996
Square Feet: 3,500
Number of Floors: 2
Type: Condominium
Status: REDUCED

Condo Description
A gorgeous residence in South Sound Cayman Islands that's part of a strata but offers the ambiance of a private home. Renovated and decorated to high standards, totally outfitted, wonderful views, sandy beachfront locale. South Sound's finest offering since Ivan! Agent Owned

Click For more info on this Condo for sale South Sound Cayman Islands
Condo Features
Block Construction

Patio Deck

Beach Front

Dishwasher
Oven / Fridge MicrowaveWasher / DryerA/CTiled FloorsCable / Satellite TV Furnished Living Room Dining Room Breakfast Garage Porch Soil: Black Trees: Clusters

Close to Shopping Close to Beach Close to Schools City Water Strata Fees Bylaws

Coconut Island Phuket Thailand

2008-09-29T06:46:00.000-07:00

The Kingdom of Thailand is a place of exotic charm, friendly people and tropical islands

Just 500 meters off the east coast of Phuket lies Coconut Island perfectly situated in the sheltered waters of Phang-Nga Bay nestled between Phuket and the mainland

In recent years Thailand has moved towards “higher quality” tourists and today many visitors are so taken with the location, climate, culture and the friendliness of the people that they’re buying holiday homes with future plans for retirement

The cost of living is approximately one third of UK prices and the properties are not only divine they are affordable and great value for money

“The Village” is a 5 star development of luxury villas - 2 bedrooms up to 5 bedrooms - and each with their own private pool and sea views

Just imagine one of the most exclusive luxury resorts located in a tropical paradise where you can walk bear footed on pristine sandy beaches just yards from your own stunning villa, or sip a cocktail in your very own swimming pool

Enjoy the first class sports facilities and water sports, including diving, kayaking, water skiing and yachting

With prices starting at just 320,000 British pounds up to 800,000 British pounds this really is a unique opportunity where owners can expect excellent returns on investment in both rental income and capital appreciation

The resort even has it’s own fleet of speedboats ready to whisk you across to the main island in less than 5 minutes

This is an exceptional 5 star development in a truly beautiful country find out more by telephone 0066 76 239 724 or email to jay@thevillage-coconutisland.com

Property Thailand on Youtube

For more information on these luxury villas for sale in Phuket Thailand visit http://www.thevillage-coconutisland.com/

Buying property in Tenerife Canary Islands

2008-09-19T02:33:00.000-07:00

Situated just off the northwestern shores of Africa is the famed archipelago known as the Canary Islands. There are 7 major islands, one minor island, and several small islets that comprise the group. Enriched by its history and cultural heritage, the Canary Islands oftentimes enable a person to have encountered an adventure that will be vivid in their memory for years to come. Additionally, the Canaries are also an opportunity for the property investor as well.

One of the best ways to secure future potential earnings for your property in Tenerife investment is to purchase “off plan” on a new development in the islands. There are numerous builders and real estate promoters that are eager to sell plots, and it is a very competitive market for these off plan properties. A small deposit will normally reserve your investment property initially, and then you can make staged payments throughout the construction process while you are watching the growth of investment.

These newer developments in the Canary Islands are usually conducted in one, two or three stages. However, your best investment will always be in the first phase of construction. As a general rule of thumb, this is the phase where you will encounter the best pricing. In addition to that, you are able to choose the best positions within the newer developments, which will further increase your return on investment.

Developments on the islands are reminiscent of those that took place in the Costas as well as the islands off Spain some 25 years ago. There are major resorts continually being constructed and a variety of lots are always being prepared near the marinas by the larger international development companies.

NOTE: At the time that this content was being composed, the Canary Islands property database had listings for over 8,000 properties on the islands of Fuerteventura, Gran Canaria, Lanzarote, and Tenerife. I can highly recomend you visit this site to view the comprehensive information Tenerife buyers guide.

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Estate agent Tenerife:
Tenerife Royale Estate Agents S.L.
Telephone: 0034 922 788 305
Fax: 0034 922 750 689
Address:
C.C. Vistasur, Local B4,
Avenida Las Americas 10,
Playa de las Americas,
38660 Arona,
Tenerife

Cayman Islands Real Estate

2008-09-03T09:47:00.000-07:00

The Cayman Islands are widely known as a tourist spot, and have huge potential for real estate investors. On the other hand, they may not offer the best option for retirement homes. There are many things that make properties in the Cayman Islands very profitable as rental properties, or vacation spots, such as low taxes, and few restrictions on foreign investors.
The basis of the real estate market in the Cayman Islands is comprised of many luxury condominiums and waterfront properties. These properties are designed to be perfect for the vacationer or renter, but not necessarily with the resident in mind. Since the islands are a large tourist attraction, the market has been growing exponentially over the years, and prices have skyrocket for property in the Cayman islands.

Fortunately, there are almost no restrictions on who can purchase land and property in the Cayman Islands, and there are virtually no taxes to be paid on the properties that you purchase. This means that as long as there are tourists around, you are almost always profiting off of the properties. The only issue you may find is the competition between all of the other rental properties in the islands.

Overall, the real estate market in the Cayman Islands holds the possibility of being extremely lucrative to investors interested in renting out their property to tourists. However, this probably would not be a good place to look for a retirement home considering the high inflation caused by tourist traffic and the growth of the economy on the islands.

Buying Property in the Middle East properties for sale

2008-09-03T09:40:00.000-07:00

The possibility of purchasing property in the Middle East depends on the country you are dealing with. Generally, most countries in the Middle East will not allow foreigners to own property in their country but one territory in the Middle East has changed that policy, opening its doors to foreigners worldwide – Dubai. Through aggressive advertising and land development like no other places in the world, Dubai has become one of the hottest properties in the world.

As part of opening up their real estate market to the world, buying property is a lot easier in Dubai compared to other cities and countries in the Middle East. There are now lenders in the city that can help in purchasing the property. To proceed with the transaction, the buyer has to show proof of income, preferably those who are already working in the city at least for five years. It is also possible for the buyer to be required of collateral, preferably another land located in the city.

Buyers will also be required of a deposit to the seller before any processes will begin. This deposit is fully refundable in case the seller will not be able to come up with the property.

Because of the success of real estate ownership in Dubai, more cities and countries in the Middle East are also following suit. Although some laws will still have certain provisions, owning a property is now possible in some Middle East Countries aside from Dubai. But usually, the center for business and entertainment has always been in Dubai so real estate in the Middle East will also be focused in the same area.

Relevant Data Difficult to Find with European Housing Market

2008-08-31T11:05:00.001-07:00

The 2008 Royal Institution of Chartered Surveyors (RICS) review released this past March stated that in 2007, the European housing market showed a substantial slowing overall, especially in Ireland and Germany. According to the Financial Times, obtaining any further relevant housing data regarding the European market may be a difficult proposition, this statement being based on the current available data.

Though it has often been suggested, creating a database to enable this could be challenging as well since comparing any two markets side by side is usually unfeasible. There are a number of aspects of a country’s economy that are always affected by the housing market --- anything from banks to jobs --- and of course there are the political issues that can wreak havoc with a country’s economy and housing market as well

When times are good, cash flow follows suit. The result is a positive economy. All of these issues point to the necessity of a viable housing market database as it would bridge those gaps in the information, as well as benefit housing developers and even political leaders.

Eurostat is the entity that is currently responsible for gathering pertinent data and should be able to divulge some statistics --- within 2 years. The project no doubt will be lengthy and tedious regardless since every country’s housing market differs. Eurostat has made it well known that there has been a high priority placed on the development of these indices.

However, knowing that data availability and sources, as well as the housing markets themselves vary tremendously, the methodology and technology tend to be quite complex. Additionally, in order to have comparable results, it is necessary to have a harmonious approach between all parties involved. Collecting data shouldn’t be like trying to find the proverbial needle in a haystack, but unfortunately (according to FT), that is exactly the case.

Is the Bulgarian Property Market a Bust?

2008-08-31T11:00:00.000-07:00

Just when things were pointing in a positive direction for the Bulgarian property market, there arrives a harbinger of not so positive things to come. The Bulgarian infrastructure plan of adding 720km of new roadways may have come to a screeching halt. Due to administrative issues and possible corruption within the Bulgarian government, those millions and millions of Euros that the National Road Infrastructure Fund was to allocate to the project have suddenly been frozen.

It appears that this once glorious plan, which would have also enhanced the economy via the real estate and tourism markets, now lies “dead in the water.” Sadly to say, that 200% property value climb during the six year run from 2000-05, may take a U-turn as a result, and in actuality it the market has fallen slightly in the past two years.

Were it not for the fact that Bulgaria attained EU membership last year (2007), which curtailed a slight downswing that was following that ’00-’05 gain, the market may have already plummeted back to less remarkable levels. But the harsh reality is that gaining a membership into the EU has not equated to a cleaning out of the remaining “dregs” of the Communist Era as was originally the hope.

This now appears to have been dashed upon the rocks and forever broken since most of the funds were originating from membership in the EU. The bottom line is that Hemus, Maritza, and Strumus, the three main Bulgarian highway projects, are now in serious jeopardy of never being completed.

Hemus is the main artery between the capital of Sophia and Varna (the ever popular resort on the Black Sea), Maritza is the main highway to the Turkish border, and Strumus links Sophia to the Grecian border. All of this has a significant impact on the tourism industry and in turn will result in a decline in the housing market.

Bargain Properties in Spain

2008-08-31T10:52:00.000-07:00

The Spanish property market is unique in the fact that there are differences when it comes to the purchase of housing and land compared to other countries in Europe. There is the possibility of extra costs that come into play, especially when it comes to bargain properties in Spain. Here is a list of some of the extra costs that you may incur as a real estate investor in Spain:

IVA (VAT) for the buyer – 6% on resale properties, 7% on new build properties. IVA = Individual Voluntary arrangement / VAT = Value Added Tax
€300 for Registration fees
½% for Stamp Duty
Legal costs and Notary fees

A safe bet is to add an additional 10% of the actual property value to the total cost to cover these extra charges. This 10% happens before the contract is ever drawn up so it more or less negates the idea of bargain properties in Spain. Add the real estate agent to the mix and the cost could elevate another 10% to 15%.

Here are two suggestions. First, whenever possible, eliminate the agent and deal directly with the seller. If you are unable to do that then the next suggestion is to check out the repossession market in order to find bargain properties in Spain. Typically, when property is repossessed in Spain, it may be subject to three public auctions through a court of law in order to find a new property owner.

When property is repossessed and then sold at auction, there is usually what is referred to as a guide price established for the property for the first two of the three auctions. This “guide” price is the same as a reserve price that you find in auctions of personal property. If the property is not sold in either of the first two auctions, then the guide price is completely removed and the property gets sold to the highest bidder --- regardless of how low the price goes.

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Tunisia for Investment

2008-08-31T10:43:00.000-07:00

Tunisia is one of the few African countries experiencing a huge amount of growth and expansion caused by tourism. Being a coastal country, there is tons of property available along the coast lines as well as inland. If you are looking to purchase property in Tunisia there are quite a few contentions to keep in mind beforehand, as the Tunisian government is still presiding over the real estate market.

Since Tunisia is just beginning to attract more attention, and the economy is still a little weak, the Tunisian government must approve each and every individual property sale to foreign buyers. The process itself has become commonplace and is not difficult, but it may require a local real estate agent to guide you through the process.

Otherwise, prices are relatively low in the country due to the weak economy, but inflation is going up quickly. This is one country where you are sure to make a profit if you invest in property early, especially in coastal areas that are the forefront of their touristic economy. You may find that you are a bit limited by the lack of developments currently in Tunisia, since there are few condominium complexes and resort areas at the moment. However, there are many housing developments that are in the building process, which means you have the potential to get the first pick if you look around. This means that Tunisia can be a great place to purchase an investment property because you will be a part of the tourist movement in the country.

Spanish Bank Repossessions

2008-08-31T10:28:00.000-07:00

If you’re in the market for investment property in Spain, here’s a tip you might want to consider. Spanish foreclosures or bank repossessions may be something to investigate. Repossessions in Spain happen in similar fashion as in the United States. A person gets seriously into debt, property or other personal possessions get legally seized, and then they are auctioned off to the highest bidder. Typically, when property gets repossessed, it’s because the owner is unable to pay the mortgage anymore.

Typically, banks or financial institutions in Spain don’t put forth much of an effort to sell repossessed property so it usually winds up in an official public auction through a Spanish court of law. Additionally, up to three public auctions can be held in Spain for one piece of property. On the first two auctions, a guide or reserve price is established. If a second auction is necessary, the guide price is usually lowered. Should a third auction be necessitated, then the guide price is removed altogether and the property goes to the highest bidder regardless of how low that price is.

This is where you get the real value on Spanish property and therefore provides the investor with a terrific bargain on Spanish housing and property. Even more interesting is the fact that there are ways to step in and buy the property at an exceptional value long before it ever goes to auction. It’s no secret that the Spanish market has been receiving its fair share of foreign investment interest.

If you are considering investing in property in Spain, this is definitely the venue to consider. You’re going to be doing a fair amount of research anyway, so why not investigate Spanish Bank repossessions? And here is some more food for thought. In Spain, absolutely anyone can open up shop as a real estate agent. There is no list of qualifications to meet. In fact, you don’t even have to be bi-lingual.

Real Estate in Portugal

2008-08-31T10:18:00.000-07:00

In the world of overseas property investing, Portugal has become a hot commodity. The pound is strong there, and this formerly undiscovered corner of the world has experienced a recent boom in building. Real estate is being developed at a rapid pace, and those who choose to invest at the outset, or in an ‘off plan,’ are often handsomely rewarded.

For those investors with an environmental conscience, Portugal has one of the world’s largest solar plants in the south, and one of the world’s largest wave power farms on its northern shores. Obviously there is sun and surf here - investment in your holiday home or a larger project is clearly a good idea.

While overseas property has long been touted as a good investment, one has to choose the location carefully, and Portugal stands out as a clear winner. Temperatures average 13° in the north and 15° in the south, so you can choose the climate that suits you best, if you’re investing for a holiday home.

Portugal has also invested in improving its infrastructure. Improved highways and public buildings are attracting everyone from families on holiday to rock stars and athletes. If you’re thinking of investing in Portuguese real estate, you want to know the foundations of a pleasant visit are available, and that is now true.

Investors are seeing nice rates of return with investment in quality construction at reasonable cost in wonderful locations. But the best locations are, of course, going fast, so now is definitely the time to consider purchasing into real estate in Portugal.

The Real Estate Market in France

2008-08-31T10:06:00.000-07:00

If you’ve been contemplating investing in Europe or relocating there you might want to consider taking a look at the French market. When you take price into consideration, few other European countries can offer what France can. Of particular interest is the amount of decent properties that are available for $50,000 US Dollars or less. Additionally, with the “French Leaseback Program”, rental returns are guaranteed. So it isn’t just the food, the haute couture, and the wine that are a benefit to investing or living in France.

In France, certain apartments and houses have a “viager” attached to the property title. En viager means “for life”, and basically stipulates that as long as you survive, the owner of the new property pays you monthly for as long as you live. Also, in France, the property buyer is always responsible for any and all legal costs and fees that are incurred during the transfer of property. Typically, fees for a rural cottage or traditional village house run 8%-9%, while newer constructed apartments and homes run 3%-4%.

Here are some things to consider when it comes to investing in property in France. First and foremost, by US standards, domiciles in France are very small. One-room studios are generally as small as 200 square feet, while it isn’t unusual to find a three-bedroom apartment that is 1,000 square feet and even smaller. When you read the listings, bear in mind that the number of rooms advertised does not include the kitchen in the room count. In other words, a one bedroom will have two rooms plus the kitchen.

Once there is an agreement made between you and the seller, the two of you are obligated to sign a “promesse de vente”, which now makes it legally binding for the seller to sell that property to you. On the other hand, by law, you have 11 days to back out of the deal.

Italian Real Estate Market

2008-08-31T09:59:00.000-07:00

The real estate industry in Italy is projected to be on a rise for a very long time. The demand for property will always be there, especially in the major cities in the country. Even in the countryside, locals and investors alike already realized the untapped beauty of their countryside and started to slowly develop certain areas of the country. This, in effect, increases the price of properties in Italy.

This is already an expected phenomenon. For foreigners, what they should look out for if they are interested in purchasing a property in Italy is not the price itself but the strength of the dollar. The weakening US dollar against major currencies especially on Euro should increase the price of properties to a certain level.

But investing your money in real estate in Italy is never a bad thing. As one of the favorite countries in the world during vacation season, the investment opportunities in the country will always be there. Foreigners are even allowed to own a property here as long as Italy has an agreement with another country. For US citizens, they can easily purchase a property here since Italians could also purchase a property in USA.

Italy will always be an interesting country for anyone. There will always be people who are interested to know the way of life in Italy and appreciate the artistic beauty of the city. The calling of the countryside is also there for the more adventurous type which will never disappoint anyone who wants to have a different look of Italy.

Buying Property in the Caribbean

2008-08-31T09:48:00.000-07:00

Caribbean offers a paradise that everyone is looking for at anytime of the year. White sands that go on for miles, always inviting pristine waters and the locals that care only for your well being are all found in the Caribbean. That is why more and more people are opting to buy property in the Caribbean so that they would have a piece of heaven.

Because of the demand, and of course, the business opportunity offered by the Caribbean, properties in the Caribbean are a little bit expensive. So it is important to have a total commitment in buying property in the Caribbean or else all the effort and finances spent in buying property in this place will all be for nothing.

The laid back attitude in the Caribbean could be also felt in its real estate industry. Everything in the Caribbean is a slower pace, including purchasing properties. Some will see it as an advantage while others will be disappointed with this fact. But that doesn’t mean the transaction will not be done as real estate is still a thriving industry in the Caribbean.

But what is important to remember is that the Caribbean islands are divided into different territories owned by different countries. That means the real estate business, although expensive in all islands, requires different types of paper works. Be sure to work with your real estate agent who knows about the territory. This would eventually help speed up the process of purchasing a property in the Caribbean.

Damp Economy Equates to British Holiday Exodus

2008-08-31T09:33:00.000-07:00

According to the Association of British Travel Agents (ABTA), when the going gets tough in the UK property market, the tough don’t get going --- but the Brits do. In other words, they get going on the road out of the British Isles. With another bad summer weather season at hand, even the depressed economy is not keeping the Brits at home as they venture abroad in the hopes of finding true summer weather.

But for property investors in the “buy-to-let” markets of France, Italy, and Spain, this could be excellent news since that is where the majority of British tourists appear to be going. Additionally, they are cutting back in other expenditures rather than miss out on going on holiday. Sean Tipton, a spokesperson for the ABTA, states that it is an escape of psychological proportions. It takes their minds off the current depressing state of the UK’s economy.

For the second summer in a row, the higher-than-average amounts of rainfall are driving Britishers out of the country, to areas along the summer-like Mediterranean coast. The ABTA also stated that the demand for holidays to a sunnier climate always coincides with economic downturns in the UK. But for countries such as Bulgaria, Morocco, and (especially) Spain, this is always welcome news.

Spain is the country that seems to benefit the most from this UK exodus, and in the first quarter alone, nearly 11 million British holiday-goers arrived in Spain, making the country the #1 holiday destination for the second summer running. The ABTA also discovered another trend with travelers heading for Spain --- they aren’t just going for the beaches. They’re dining, golfing, riding, and visiting the storied historical sites in the Spanish countryside.

Driving in Spain

2008-08-24T08:43:00.000-07:00

Driving in Spain can be pleasurable, from Barcelona along the coast to Malaga or from Madrid to Andalucia, big distances, as Spain is a big country, very enjoyable. The EU has provided substantial funds that have allowed the Spanish to invest heavily in toll roads and many of the bad, bone shaking roads, have been upgraded to provide some superb main roads that stretch all over Spain. Of course apart from the quality of the roads one has to have a careful eye on the local drivers, a substantial number of whom have never taken a driving test. It seems that old habits die hard and the average Spanish motorist continues to prefer the National roads, which of course means the tolls roads are relatively free from traffic.

Many Brits berate the poor old Spanish driver but they are by no means the worst in the World and it does take some time to become accustomed to the local driving etiquette. I think most British drivers would agree that round-a-bouts are quite simple to use, but for the Spanish they are a relatively new contraption that seems to continually confuse, in fact the Government has run TV campaigns trying to explain the basics of how to use a roundabout. Suddenly changing lanes, slamming on the brakes or almost stopping whilst they think about their direction is apparently deemed quite acceptable by the average Spanish motorist and surprisingly is not always met with fellow motorist sounding their horn to show their displeasure and frustration.

The Spanish Porsche super car speed merchants are really a menace and they are quite often the same drivers that will appear in your rear view mirror about 6 inches from your tailgate at 70 MPH. The impatient loco driver is a real menace. Best advice is “pull in” as soon as possible and let the lunatic past. Marbella is a great place to see lots of supercars and especially in Puerta Banus in the summer months. Fuengirola and Benalmadena are not known for their expensive cars but more for the typical small car preferred due to the fact that parking is at a premium and if one is to be practical then a small car is preferred in order to stand any chance of finding a parking space. Of course driving down from Marbella to Gibraltar along the coast road is very pleasurable and more often than not the roads are relatively free of traffic. Guadalmina and Estepona are great places for a holiday home, with miles of sandy beaches, but not ideal places for driving big cars at high speed. I guess the best place for that is Germany on their autobahns. We must remember that the Costa del Sol is primarily a holiday resort and as such has drivers from many different countries around the world all mixing together on the local roads, the result, generally speaking, is not too bad and overall the risk of accident has decreased considerably as the quality of the local roads have improved. They continue to improve with a new underpass now under construction at San Pedro which will reduce traffic congestion at the Ronda exit. So from Torremolinos to Elviria all along to Marbella and Puerta Banus the roads of today are a far cry from the roads of just 20 years ago. All in all, although us Brits, will always be critical of foreign drivers, driving along the coast road on the Costa del Sol is today a wonderful experience.

Overseas property Costa Rica investment property off plan

2008-08-23T01:42:00.000-07:00

Costa Rica Property Market

Costa Rica is primarily known for their tourism, and their property market certainly reflects this. There are a multitude of vacation and retirement properties available, as well as many investment properties in Costa Rica as well. These investment properties are considered very profitable because so many tourists are looking to buy a short stay in a vacation rental.
San Jose is one of the most crowded parts of Costa Rica. It is considered part of the business district and highly metropolitan. The properties in Costa Rica are a little less profitable if you are looking to invest, but they are very desirable if you want to move in and take a job in the area. On a different note, some of the more rural and less developed areas of Costa Rica include cities such as Palmares, and San Ramon. These areas are full of coastal property and very tourist geared areas.

Costa Rica also has many benefits for foreign property owners to keep in mind. There are very few requirements to be met before you can purchase property in Costa Rica. There are also very low property taxes throughout Costa Rica, and no income taxes for Costa Rican residents. This makes it easy to purchase property either as an investment or as a retirement or vacation spot.
Overall, the area has a quickly expanding Costa Rica Real Estate market, especially in the coastal areas where tourism is high and luxury property is in high demand. The Costa Rican government makes it very convenient to acquire property and make a large property or just use it a couple months out of the year for your personal relaxation time.

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Real Estate Costa Rica - Blue White Properties specialise in Real Estate Panama, Costa Rica and beach properties.

Trafford Centre comes to Spain.

2008-08-14T02:47:00.000-07:00

Peel Holdings, the retail, property investment giant that built the Trafford Centre in Manchester has announced the go ahead of a Trafford centre for the Costa del Sol.

Planning permission has been gained for an 80 acre site on the outskirts of Torremolinos and work is expected to start in early 2009 and take 2 years to build. There will be around one million square feet of retail, entertainment and leisure space including department stores and a cinema. Due to it’s location on the popular holiday resort it will also include a 5 star hotel.

Peel holdings was founded by John Whittaker who has had a holiday home in nearby Marbella for a number of years. They have grown into one of the most respected retail property developers in the World and currently own The John Lennon airport in Liverpool, the Manchester ship Canal and a number of international sites including sites in such places as Barbados and Bermuda.

The site of the new centre was purchased by Whittaker in the 80’s but being only 40 acres it was too small for the development planned. About 5 years ago Peel joined up with other nearby land owners all of whom shared the same vision and planning was obtained.

It will be based on the hugely successful Manchester centre but due to the climate it will have a much more Mediterranean feel with bars and restaurants with plenty of outside space with many being built around a huge outdoor lake.

Lindsay Ashworth, who is one of Peel’s key people and who is leading this project explained that it will be aimed at everybody, tourists and local Spanish people alike. Clearly there is a large ex pat community living on the Costa del Sol and thousands more that come over every year and holiday in the nearby resorts such as Marbella, Puerto Banus, Fuengirolla and Torremolinos. These people will be familiar with the Trafford centre concept of shopping and leisure but it is expected that there will also be huge interest from the Spanish population.

There is really nothing like this in Spain other than the Xanadu in Madrid but that is no where near as nice. People like shopping in a pleasant environment and there are plenty of people within easy reach of the site. The city of Malaga is on its doorstep and within a few hours drive is Madrid itself and other cities such as Seville and Granada.

Lindsay explained that people were cynical when the Manchester centre was built. They thought that it was too close to the shops of Manchester but 10 years it has been hugely successful, exceeding everybody’s dreams and arguably this new site is better placed to have even more success.

Villas in Marbella buck the price trend

2008-08-14T02:28:00.000-07:00

The property crisis has hit Spain as hard as any other country in the world, but not everywhere in the country equally.

Marbella, where the town hall has taken major steps to rid its self of the corrupt practices seen a few years ago and where very few new building licences are being granted, has so far escaped the sharp drop in villa prices seen elsewhere in Spain.

House prices in the municipality rose by 2.15 per cent in the year, according to a three-monthly report by the respected Inmobiliaria Salvago Consulting Company.
Apart from the slight rise in house prices in Marbella, where prices have been traditionally higher than in other areas of the coast, the overall drop in prices on the Costa del Sol amounted to between 0.76 and 3.8 percentage points. Estepona was an exception, where the fall in the second three-month period of the year was as much as 6.5 per cent.

Other municipalities on the Costa del Sol bucking the national trend include Torremolinos, Benalmadena and Mijas. Only Fuengirola and Manilva showed decreases in prices, working out at 1.3 and 2.2 per cent respectively.

In spite of the recession in the building industry, the Salvago company estimates that prices will possibly keep rising on Marbella’s so-called Golden Mile, that stretch of coastline between Marbella and Puerto Banus, even if house prices in this area have always been higher than anywhere else in the municipality of Marbella.

Marbella now has the highest prices in the province, at 3,145 euros per square metre, against a square-metre price of between 2,700 and 2,900 in Torremolinos and Benalmadena. The average price in the city of Malaga is somewhat similar. Right behind Marbella in this ranking is Benalmadena, where a square metre is currently fetching up to 2,909 euros.

Where the drop in house prices is really noticeable is on the eastern Costa del Sol and in the interior of the province. Prices have dropped by eight per cent over the past year in Rincon de la Victoria, and have remained more or less constant in nearby Velez-Malaga. This could be due to expansion of the residential areas in the municipality, allowing for an active building sector despite the worldwide property recession, we are told in the report. The biggest decline in prices has been in the interior of the province, where prices have dropped by as much as 10.5 per cent over the past year.

Ferrari Owners Club - Andalucia

2008-08-14T02:22:00.000-07:00

There are probably more Ferraris and porches driven around the fashionable streets of Marbella and Puerto Banus than anywhere else in the world and it is no surprise therefore, that there is a flourishing Ferrari owners club there.

The club was founded in 1996 by the famous Italian tenor and now restaurant owner, Toni Dalli.

Toni, who owns a number of Ferraris himself, has run the world famous restaurant Toni Dalli’s for a number of years and it is here that the club meets on the first Sunday of every month. The restaurant can be found on the Golden Mile near to the Marbella Club Hotel.

The club was started to cater for Ferrari owners in Andalucia but anyone with an interest in Ferrari cars are welcome to come along to look.

Throughout the year they have a number of events and activities like race days, excursions out to the beautiful areas and cities nearby, visits to automobile shows and exhibitions. Food and having a good time also feature in the excursions and they try and match the quality of the gastronomical experience to suit the Ferrari name.

The club claim that “in all modesty we call the Ferrari Owners Club of Andalucia; the small - but greatest club in the world."

For more information contact Enrique on telephone 0034 616 91 72 83 or by email: ferrari@ono.com

A change in attitudes from British buyers?

2008-08-14T01:54:00.000-07:00

Over the last 10 years and the last 5 in particular British buyers have seen the overseas property market as a way of making money. This demand from “investors” has in part been responsible for the massive growth in prices and subsequent drop and glut of unsold properties in secondary areas. However, it appears that British buyers are increasingly motivated by lifestyle over investment property.

The Savills ‘Second Homes Abroad 2008’ report found that the total value of UK foreign owned property now stands at £58billion, an increase of £5.2billion year on year and that there are currently 425,000 properties owned by UK citizens overseas, an increase of 35,000 properties in the last 12 months.

In its profile of the UK overseas buyer, it found that Spain and France still dominate the list of preferred destinations. Some 34% of UK foreign owned property is now held in Spain, followed by France (23%), non-European (16%), other European (21%), USA (6%), Portugal (3%) and Italy (2%).

Some 50% of overseas second home owners said that owning a holiday home was the primary motivation for purchase, followed by almost even numbers of retirement (18%), letting investment (17%) and capital growth/resale investment (16%) investors. Purchasing in an ‘ideal holiday location’ was listed by 80% as being a highly important factor in choosing where to buy, with over 60% either neutral or listing ‘not important’ the future resale potential of the property. This change of attitude is having an important effect on the Spanish housing market where different areas are experiencing major differences in price fluctuations.

There are established areas such as The Costa Brava, North Costa Blanca, Majorca and the Costa del Sol where there are good reasons for people to have visited and bought for many years – good climate, nice landscapes, good sandy beaches etc. These areas are still places that people want to visit and they are seeing prices remain reasonably steady.

Secondary areas that are less attractive to visit and that historically have been much cheaper to buy in, are seeing massive price reductions. These areas have been built up simply because they are cheap, and to some uneducated investors a 2 bedroom apartment in Spain is the same as any other 2 bedroom apartment. These areas, such as Almeria (where it’s almost a desert) and Costa de La Luz (where the wind blows off the Atlantic making it unbearable for large parts of the year) have seen thousands of 2 bedroom apartments built and sold to people looking to sell on. However, the general down turn in the property market has meant that they can not sell on and thousands of properties remain unsold forcing prices down.

This phenomenon is evident even within small areas. On the Costa del Sol for example there are four distinct areas within a coast line of just 150km’s.
East of Malaga is the Nerja coast line which is far more hilly with beaches harder to get to, a distinct lack of white sand and almost the entire landscape, that has not been built on, covered in plastic sheets to grow fruit and vegetables. Apart from the town of Nerja itself, which is very pleasant most of this stretch of coast line has been built on during the last 5 years, built for the investor market and is seeing big falls in prices.

West of Malaga is what is generally considered to be THE Costa del Sol but even here there are different areas. The 50 km stretch from the airport to Marbella is the original Costa and whilst the towns and resorts here are ageing, it remains extremely popular and prices are holding up or increasing in the very best locations.
The Marbella area is considered to be the jewel in the crown and prices of luxury villas in Marbella are still rising particularly at the top end of the market.
The market remains buoyant down to Estepona (about 30km’s from Marbella) but after that the area becomes another stretch of coast built for the investors. Here the beaches are not so good, overdevelopment has occurred, and far too many basic 2 bedroom apartments have been built with little infrastructure such as shops, restaurants etc. The one exception to this in this area is the upmarket marina resort of Sotogrande which seems to be holding up as well.

Americans on the Costa del Sol.

2008-08-14T01:42:00.000-07:00

As happens every year The Malaga chapters of the American Club on the Costa del Sol held a celebration for American Independence Day.

On the 4th of July a good turnout enjoyed a BBQ at the El Salmon Restaurant in Torre del Mar.

The event was open to members and guests (American and non-American) and a traditional American style feast was served along with some live music.

The American Club Costa del Sol Club, founded over 33 years ago, has five Chapters, in Sotogrande, Estepona, Marbella, Nerja and Almunecar, and there are several hundred members.

Their purpose is to assist the local American community, organize social activities, give significant contributions to local charities and also to support International members and non-member Americans visiting or living on the Costa del Sol.
Chapters meet at various times monthly for luncheons and/or dinners with speakers.

Special events are organised for Thanksgiving, Christmas and 4th July. Various trips and excursions are arranged throughout the year for members.

Villas Marbella Costa Del Sol

The Eastern European Real Estate Market

2008-08-05T07:03:00.000-07:00

The Eastern European Real Estate Market

The demand for properties in the Eastern European market is on the rise both local and foreign alike. For foreigners, the untapped beauty of the cities in this part of Europe is just too hard to pass. From Greece to Poland and even in Russia, foreigners are looking for ways to own a property in one of the countries in Easter Europe. The investment opportunities in Eastern Europe have also become clearer since it is just now that some of the natural treasures and historical significance of some cities came to light.

Before buying a property in Eastern Europe, it is important to remember that most of the cities have experienced war and different types of instability. Because of this, they are always working on redeeming the lost time and establishing a national identity for the world is always a priority. Although it is possible to purchase an overseas property in Eastern Europe, certain ownership restrictions are implemented to prevent foreigners from completely taking over the economy of country. Some countries will only allow ownership through partnership with a local while some will require permissions down to the local administrators of the city.

From the artistic city of France and Italy, the beautiful beaches in Monaco and the classical feeling of the cities in Macedonia and Liechtenstein, Eastern Europe will always have something to offer to its tourists who are looking for a home during their vacation or a permanent place to live for those who wanted to start a brand new life in different side of the world.

Overseas property Italy - lakes property

2008-06-19T05:47:00.000-07:00

Italian Lakes Property

Donatella Versace enjoyed the beautiful lakes of Garda, Maggiore, Lugano and Como and several years ago George Clooney bought a villa in the town of Laglio. The Italian lakes certainly hold an attraction for celebrities but then they are truly a magnificent sight to behold. It seems that if you are interested in buying a villa on any of the major lakes you need a minimum of $10 million. At the other end of the scale some small apartments go for less than $500,000.

New build properties are popular around the lakes simply because the more established properties command such a premium. If you are interested in buying to rent then you can expect an annual yield of about 5%. There will of course be taxes to pay on rental income but you can claim cost against revenue. Initial purchase taxes for buying a property in Italy are 10 per cent although Prime Minister Berlusconi has pledged to abolish property taxes for first-time buyers.

If you are considering overseas property then maybe it is worth a visit to the Italian Lakes, you never know you may come across George.

Overseas property Italy on Viddler

Overseas property Cape Verde

2008-06-16T09:22:00.000-07:00

Cape Verde Real Estate

Cape Verde is an island shaped by tourism, business and real estate. As a collection of beautiful islands, it is almost impossible not to fall in love with this beautiful place. The whole year round, tourists from different parts of the world arrive in this place and stay for a month or two to experience the best the island has to offer. Most of the tourists who come here end up looking for a place to buy so that they could come here anytime and enjoy the islands.

Because of its popularity, the price of overseas property in Cape Verde is increasing every year. The high demand of land as well as the scarcity of supply has made Cape Verde a little bit expensive when compared to Johannesburg. But with the European standards, the prices of the land is still affordable that is why the real estate industry in Cape Verde is still booming even with the prices of land in Cape Verde is increasing exponentially.

Cape Verde is not lacking in opportunities however most of the jobs in these islands are usually related to real estate or anything related to tourism. Construction related jobs such as engineering and architecture is also high in demand in Cape Verde. Knowledge of local language is not really required if you’re only in Cape Verde to work.

Most of the businesses in this city are operated by tourists who opted to permanently live in Cape Verde. Language is no problem in this city but it is highly recommended to know Portuguese, the official language of Cape Verde as this language is used in different business transactions.

Youtube videos on Overseas property in Cape Verde:

Overseas property Cape Verde, property Santiago for sale

Overseas property Brazil

2008-06-16T09:15:00.000-07:00

Real Estate Brazil

Brazil is a country full of life. Their culture and art doesn’t only reside on what is written or painted but in their dances as well. For centuries they are well known for their dances this tradition lives on until today. Part of that success is the people’s natural ability to observe other traditions. More than 80% of the Brazilians are Roman Catholics and their religious activities is one the reasons why tourists come to this country. Because of their close affiliation to religion, the country is also traditional with their family values. It is common to see large families living with the extended members of the family. Even their language, Portuguese, is widely used with little variation. Knowledge in Portuguese is a must for anyone who wants to be successful in this place. Although most of them speak English, they often prefer working with someone who connects to them even in just with the language.

Opportunities in Brazil are mainly in Rio de Janeiro as well as the best educational system and health care. However, because of these opportunities, prices of basic commodities in Rio de Janeiro are higher compared to other cities. Overseas property in Brazil and rio is also expensive in this city not only it is close to important facilities; the demand is high as well. On the other hand, the demand for real estate in Brazil in the countryside is rare and the prices are also better. You can have a two-bedroom apartment in Rio but you can have a large lot with four bedroom house in the countryside.

Overseas property Brazil videos:

Overseas property Brazil

Overseas property Bulgaria

2008-06-16T09:08:00.000-07:00

Real Estate Bulgaria

The country of Bulgaria is a land of opportunity. Although it has experienced different types of war and strife that were caused by communism, it has become one of the fastest growing nations since the late 1990s. The country’s natural beauty is also part of the progress of the country as tourists slowly realize the hidden beauty of Bulgaria.

Because of the influx of tourists, Overseas property in Bulgaria sales are booming in this country. The prices of real estate in Bulgaria are still relatively affordable when compared to other European countries. That is why it is common to bump into tourists who opted to transfer to this country for good and slowly establish a business in this booming economy. Establishing a business in Bulgaria is also easy but creating contacts in the country is a little bit difficult if you’re expecting a fast paced turnover in your business. Oftentimes, Bulgarians take time to ensure everything has been covered before moving on to the next step of the process. They also admire knowledge of their culture especially with their language. Most successful businessmen in Bulgaria have knowledge of their local language as they can easily transact business to most important people in the area.

Bulgarians also values family probably more than any European countries. Extended family members can be found living under the same roof. Family affiliation is very common in the country and Bulgarians usually prefer to work with the family. That is why business transactions take time because Bulgarians prefers to establish a relationship first before they approve any business transaction.

Overseas property Bulgaria Videos on youtube:

Overseas property Bulgaria for sale Bulgarian properties

Overseas property Spain

2008-06-16T08:50:00.000-07:00

Real Estate Spain

Spain is a lovely country that's full of passion on the things they do. Once closely knit, the ties in the family is slowly getting looser through the generation but still kids are still looking up for their parents all the time.

Relationships however is still important when doing business especially when buying overseas property in Spain. It is harder to transact or create business relation to someone when you are not trusted. That is why business transactions have to be done face to face and when you talk to a businessman, look at him or her in the face. People in Spain will judge your character first before they will start doing business with you.

Also take note that Spain used to be a male dominant society. This has changed a lot in recent years but still you may run into traditional businesses. The best way to deal with this is to be formal as much as you can and use traditional addresses such as Don or Doña. Being polite will certainly take you places and it is highly valued in Spain.

Real estate in Spain on the other hand could give you the best of both worlds. Most of the modern cities in Spain are close to great beaches. These places in Spain are often the most expensive. But travel at least 30 minutes from a major city and you’ll end up in a nice village. The real estate prices in those areas are lower and you are still close enough to a major city in Spain where you can find work or establish a business.

Video on youtube for Overseas property in Spain:

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Overseas property Portugal

2008-06-16T08:41:00.000-07:00

Real Estate Portugal

The country of Portugal is one of the highly favored European countries for tourists during the summer vacation. Some even fell in love with the country that they opted to stay here longer. Most travelers who opted to stay in this country usually go to the countryside so that they have the best of both worlds. Surprisingly the countryside of Portugal still has the amenities that you’ll find in the city. Overseas property in Portugal prices in this part of the country are generally affordable. However, the beach front properties in Portugal are generally more expensive. That is why more people opted to stay a few kilometers away from the shore so that prices are lower but the beaches are still accessible.

On the other hand, rental in properties are generally lower. That is why during summer months; people would usually rent houses and beach front properties and stay there for a month or two.

As a visitor one of the many things that you can do to please your guests is to bring gifts. It is well appreciated but some gifts are highly discouraged: lilies, chrysanthemum or anything that are red is not advised. They are often used in funerals or could mean revolution. To be safe, bring chocolates or sweets as they are often preferred in Portugal.

The slow pace of life in Portugal is what most people like about the country. The city and the countryside share the same atmosphere that taking time and not rushing things is actually a great thing. The country is also traditional in its views as the family is usually close knit and their close affiliation with the Catholic Church.

Overseas property in portugal on youtube

Overseas property France

2008-06-16T08:35:00.000-07:00

Real Estate France

France is known as a city of passion. Arts and culture is emphasized in this city and people more often than not, liked to look good in front of others. But France’s greatest passion is with their food. They really love to cook and they take extra steps to ensure that the prepared food looks great and tastes better.

Strong family ties are also strong in France. Even with the non-traditional family, parents who are in their ripe age often receive support not only from their kids, but also to their relatives and friends. Friendship is seen as a very strong relationship in this country wherein friends see each almost every day.

Business transaction in France is on the laid back side. As much as possible, heated transaction should be avoided as it will lead to a bad business deal. French people avoid confrontation but they take a look into every detail to ensure that the business transaction will never go wrong. Always be formal as they rarely doesn’t let loose in business dealings.

Jobs on the other hand is a little bit challenging for people who just arrived here. Being fluent in French is a must as most business dealings are done in this language.

The overseas property in France in terms of architecture is stunning. In any city or village, you’ll find a building or structure that was build centuries ago and the artifacts are still intact. The countryside is often preferred but opportunities are rare in these areas. Real estate transaction is more or less the same in US and most EU countries except that transaction has to go through an immobilier who serves as an intermediary for real estate transactions.