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Tourism draws investors to Egypt
2008-05-14 02:00:00
The popularity of Egypt as a holiday destination is having a positive effect on its housing market, an expert has revealed. Paul Collins, property editor at BuyAssociation, said the amount of interest in tourist property in Egypt is increasing all the time. He stated that the north African country is especially popular with sun-seekers who want a beach holiday, as well as fans of diving and golf. This, he continued, has prompted many investors to buy a property in major tourist hotspots in an effort to cash in on its growing appeal. Mr Collins commented: "Sharm El Sheikh is the top focus, and Hurghada is another place that is really popular." He added that resorts including Dahab and El Guona, as well as places along Egypt's Mediterranean coastline, are also attracting strong interest from property investors. Earlier this year, BuyAssociation predicted that Egypt would be one of 2008's main investment hotspots.  
More About: Tourism , Investors

Egypt 'offers strong investment potential'
2008-05-13 02:00:00
Overseas property investors could benefit from continued growth in the Egypt ian property market, an expert has stated. According to Paul Collins of BuyAssociation, the north African country is very popular with buyers in western European countries such as France, Italy and the UK. However, he revealed that it is also becoming an increasingly attractive market for investors based in Russia. This has led to him predicting that demand for property in Egypt will remain high even if ongoing economic problems restrict purchasing activity in countries such as Britain. As a result, he believes house prices will continue to grow, making it a "strong investment proposition". Mr Collins commented: "Even if things are worse than expected in the UK, it's got interest in Russia backing it up." He added that its tourist market is likely to experience growth in the next few months, as low-cost airline easyJet has just introduced new routes to the country. This comes afte...
More About: Investment , Offers , Strong

Dubai tourist trade set to grow
2008-05-13 02:00:00
The overall number of people travelling to Dubai is set to go up this year, experts have predicted. A report by Globalysis revealed that visitor numbers in 2008 are likely to be eight per cent up on those recorded 12 months earlier. The organisation said this would be due to a number of factors, including improvements to the accessibility of Dubai from overseas and successful marketing initiatives. Furthermore, it stated that its "high-quality tourism offerings" are becoming increasingly attractive to "globally-minded" holidaymakers. Commenting on the findings, Jason Pereira of Globalysis observed: "The performance of Dubai's travel and leisure sector in 2008 has been favourable and the outlook moving forward remains bright." Meanwhile, Dubai Tourism and Commerce Marketing has revealed about seven million people booked accommodation in the region during 2007. The organisation has predicted that in two years time, this number could possi...
More About: Trade , Tourist , Grow

Brazil to attract more foreign investors
2008-05-13 02:00:00
Independent property analysts have predicted a surge of interest in the Brazil ian market in the near future. According to NuBricks.com, Standard and Poor's has just upgraded the country's credit rating to triple-B-minus. This has prompted the website to suggest that this will lead to renewed interest in the South American nation among foreign investors. Experts at the online portal believe that the current demand for residential property in Brazil will continue to increase. However, this latest development means that property firms will now be able to reduce the sale price of many of their offerings. Therefore, investors could be able to enter a fast-growing market at a much lower price. NuBricks.com remarked: "With greater economic prosperity comes an improved property market and the potential for capital growth." This comes after the website revealed that the Brazilian economy is likely to experience growth of about 4.8 per cent this year.  
More About: Foreign , Investors

Turkey 'offers alternative to Spain'
2008-05-12 02:00:00
Overseas property owners who cannot afford a residence in Spain could find Turkey a good alternative, according to a newspaper. The Daily Mail said the European country offers a number of attractions, including good weather and a pleasant rural environment. However, the publication added that it could be prove to a better value destination than many comparable Mediterranean nations. This is because the pound recently fell to a record low against the strong euro, thereby making places such as Spain and Italy relatively expensive. By contrast, Turkey is not in the eurozone and offers much more favourable exchange rates with the UK. The Daily Mail commented: "Turkey is a genuine alternative to Spain - you get more for your pound than you do with the euro." This comes after Business Week stated that property in Turkey is also much cheaper than those in other Mediterranean locations such as Spain or Italy.  
More About: Alternative , Offers

Young Brits snap up foreign property
2008-05-12 02:00:00
First-time buyers in Britain are increasingly looking to snap up affordable houses overseas, it has been revealed. According to the Sunday Mirror, those who feel they cannot afford to buy a property in the UK are using foreign investments to generate money for a deposit. Emerging destinations with relatively low house prices were said to be very popular among this group, particularly if they offer a strong rental market as well. Many were also said be drawn towards fast-growing property markets, as investors who could potentially sell their house on at far more than the initial asking price. Commenting on the trend, the Sunday Mirror said recent house price falls in the UK have not significantly improved affordability for first-time buyers. The newspaper remarked: "Properties here are still too expensive - first-timers are buying overseas for a fraction of what they would pay in Britain." According to the BuyAssociation website, eastern European countries such as Bul...
More About: Property , Snap , Young , Foreign , Brits

Propertyshowrooms.com Launches 'For Sale by Owner' (FSBO)
2008-05-12 02:00:00
The top ranking international property website, Propertyshowrooms.com, is now pleased to offer private owners the chance to list directly via its new 'For Sale by Owner ' section. Property is an ever important investment tool and after a number of years dealing solely with agents and developers, propertyshowrooms.com offers worldwide real estate owners the welcome opportunity to list direct on the site. Individual owners of international property can now list directly via Propertyshowrooms.com, safe in the knowledge that their properties are being listed on one of the world's highest ranking real estate websites. For a small one-off fee, property owners are allowed up to 5 listings for 3 months and get instant contact with prospective buyers as enquiries are sent directly to their email inboxes. A minimum description length of 50 words is required and images are checked for quality. Each listing is displayed on its very own page within the site, allowing property descriptions to r...

Propertyshowrooms.com Expands Agent Programme
2008-05-12 02:00:00
Propertyshowrooms.com has today released its Agent Listing Service, allowing agents of all sizes to list their properties online without the need for complex management systems or XML feeds. High search engine ranking and strict control on the quality of listings make this service a highly effective one. Today all types of sellers listing on Propertyshowrooms.com can be sure that their property is being placed on one of the widest ranking websites in the real estate world. With a substantial increase in requests from both agents and developers wishing to widen the exposure of their listings, propertyshowrooms.com offers the ideal sales platform. “Last year Propertyshowrooms.com focussed on establishing a wider presence, taking on agents that were able to submit substantial numbers of listings at once. With the changes in the search engine algorithms however, public demand for more detail means we have found a balance that suits everybody; agent, developer and buyer alike&rdquo...
More About: Programme

Propertyshowrooms.com appoints former BBC News reporter
2008-05-12 02:00:00
Former BBC News reporter Cary Johnston joins the team at leading international property website Propertyshowrooms.com as the company expands its Media Department. May 9, 2008 In a move which confirms its standing as an international authority in the property and real estate industry, Propertyshowrooms.com have appointed former BBC News reporter Cary Johnston as its new Media Relations Officer. Cary brings more than twenty years of journalistic experience from his work in the media in the United Kingdom, as he takes up the mantle at top ranking international investment company Propertyshowrooms.com    “I’m delighted to have joined such a young and dynamic team at the forefront of international property investment,” says Cary, whose former reporting credits include the Six O’clock News, BBC radio 5-Live, and the BBC World Service. He continued: “It’s hugely refreshing to find a real estate company that walks the talk, and that provide...
More About: Reporter

Propertyshowrooms.com unveils unique investment opportunity in Italy
2008-05-12 02:00:00
International property experts Propertyshowrooms.com have announced their latest select investment development in Italy . Propertyshowrooms.com has again managed to source the very best property investment opportunity on the market, with its new development on the beautiful east coast of Calabria on the southern tip of Italy. The project is called The Sands and Palm View and is ideal for property investors looking for an excellent return in the medium to long term, according to Propertyshowrooms.com Operations Manager Gareth Milton. “Many property professionals believe that Calabria will inevitably become one of the most popular locations for Northern European as well as Italian property investors over the next five to ten years,” he says. Holding onto Italian property for five years after purchase allows investors to avoid capital gains tax, which is currently payable during the initial five years after construction. Investors can, however, benefit from good rental retur...
More About: Investment , Opportunity , Unique

Skilled workers head abroad
2008-05-09 02:00:00
Many skilled workers from the UK are looking to further their careers overseas, new research has found. According to NatWest, 42 per cent of those who left to find work abroad during 2006 were either professionals or managers. Commenting on this finding, the firm said a typical expatriate is no longer an older person who wants to spend their retirement in the sun. Instead, it believes the average Briton abroad is a 43-year-old professional on a salary of approximately £67,000 a year. Dave Isley, head of NatWest International Personal Banking, said the number of skilled workers looking for jobs overseas will continue to rise. He remarked: "This trend will increase as countries continue to seek out the talents of British workers and entice them to foreign climes with career opportunities and the chance to experience life abroad." This comes after an earlier NatWest study revealed that the average person in the UK earns £47,000 a year. However, a typical s...
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Egypt recommended to British tourists
2008-05-09 02:00:00
British consumers who want to avoid the eurozone this year have been advised to visit Egypt . The north African country was flagged up by the Guardian as a possible destination for holidaymakers who wish to take advantage of more favourable exchange rates. Since the current weakness of the pound against the euro has led to traditional hotspots such as Spain becoming more expensive, the newspaper believes Egypt could be a good alternative for prudent tourists. The publication added that visiting a cheaper destination means that those who are feeling the pinch of the credit crisis will not have to cancel their annual summer break. "Sterling still converts nicely," the Guardian commented. "Perhaps rather than calling the whole thing off, now is the time to experiment." This comes after research by Cheapflights.co.uk showed that interest in the Egyptian resort of Sharm El Sheikh is currently 50 per cent higher than it was 12 months ago. The current weakness of...
More About: British , Tourists

Established markets attract British investors
2008-05-09 02:00:00
Established markets in Europe are still highly popular with British property investors, a new study has found. According to Global Edge, towns and cities in Spain have attracted more online searches from prospective investors than anywhere else in the world. Major tourist hotspots such as Costa Blanca and the Costa del Sol were found to be especially popular, along with places including Valencia and Murcia. In addition, many buyers were found to be very interested in buying a house on Spanish islands such as Lanzarote and Tenerife. Global Edge commented: "Five out of the top ten most popular locations are Spanish and the top 103 locations are dotted with Spanish towns and coastal names." Spain was rated as the most popular location overall, despite the strong competition from rival markets such as Turkey and Cyprus. Figures from Holiday-Rentals show that 31 per cent of British-owned properties within the continent are in Spanish towns and cities.  
More About: Markets , Investors

UAE recommended to overseas investors
2008-05-08 02:00:00
The United Arab Emirates (UAE) has been flagged up as a good location for overseas property buyers to consider. According to ShelterOffshore.com, the Asian country currently offers a number of attractions for foreign investors. For example, the website highlighted the recent increase in visitor numbers, as well as the revenues generated by its tourism industry. In addition, the country's economy was said to have a strong economy which is experiencing a sustainable rate of growth. This has prompted the website to recommend that overseas property buyers consider possible investment opportunities in the UAE. ShelterOffshore.com said: "Each emirate is worth closer inspection by would-be property investors." The online portal added that the country's real estate is currently "thriving", despite ongoing financial problems across the world, such as the credit crunch. This was largely attributed to the fact that these issues have put investors from the UAE off i...
More About: Investors , Overseas

Record number of Britons consider moving overseas
2008-05-08 02:00:00
The number of Britons who are thinking of moving abroad has reached record levels, according to a new study. Removals firm Robinsons International said that more people than ever are looking at relocating to countries such as Australia. Research by the company showed that many are disenchanted with life in the UK because the cost of living is continuing to go up. Other respondents cited loutish behaviour as one major concern, while some said they felt under too much pressure at work. Meanwhile, a poll of the people Britons would be most pleased to see the back of highlighted an apparent dissatisfaction with the government, as prime minister Gordon Brown and his predecessor Tony Blair came top of the list. Furthermore, 15 per cent of respondents said they blamed the government for driving them out of the country. Anthony Robinson, managing director of Robinsons International, commented: "It's not surprising that so many people are looking for the better standard of living...
More About: Moving , Record , Overseas , Number

Turkey recommended to financially-stretched Britons
2008-05-08 02:00:00
British consumers who are feeling the pinch from the ongoing credit crisis have been advised to consider visiting Turkey .According to the Guardian, many are being forced to make cutbacks as a result of the continuing economic pressures, with some even giving up their holidays.However, the newspaper said that such a drastic course of action may not be necessary as some parts of the world still offer affordable prices.Turkey was highlighted as one such destination, as it currently offers favourable exchange rates with the UK.This, it said, could be appealing to those who have been put off places such as Spain and France by the strong euro.Commenting on the country, the Guardian remarked: "Large stretches of the south coast are a bargain bagger's bliss, offering the obscenely blue waters and startling scenery for a much lower premium."This comes after John Bevan, managing director of Lastminute.com, told the Daily Mail that Turkey has displaced places such as Spain and France in terms...

Investors to benefit from new Dubai flights
2008-05-07 02:00:00
Owners of property in Dubai could be set to benefit from the launch of new flights to the region. According to the Chicago Tribune, United Airlines is preparing to introduce direct services from Washington at the end of October. This suggests that the United Arab Emirates could be set to see an increase in visitor numbers during the following months. As a result, people who own rental accommodation in Dubai may be able to cash in on the greater demand for temporary lodgings. Furthermore, the increased interest in the region should encourage further growth in its housing market, which means investors' assets will appreciate in value. A United Airlines spokesperson was quoted as saying that the carrier wants to tap into the Dubai market because it is a "thriving" economy. He commented: "Commerce and tourism are growing exponentially in Dubai." Since 2002, more than 100,000 Britons have purchased property in Dubai, according to Barclays.
More About: Flights , Investors , Benefit

Lifestyle buyers opt for Portugal
2008-05-07 02:00:00
Portugal is proving to be a popular choice for second home buyers from the UK, according to experts. Currency specialist FC Exchange said top-end buyers in particular are showing lots of interest in the European country. This has been attributed to a number of factors, including Portugal's relatively low living costs and property values. The firm said that since the euro is currently much stronger than the pound, these financial benefits have proved to be decisive factors for overseas property buyers. Nick Fullerton, managing director of FC Exchange, commented: "People are increasingly looking to get more for their money." This, he said, has led to Portugal attracting people who might previously have considered places such as the south of France. Portugal's popularity with second home buyers was recently highlighted by the Irish Independent, which said its lack of "unsightly overdevelopment" makes it preferable to many other established markets.
More About: Lifestyle , Portugal , Buyers

British investor praises Italy
2008-05-07 02:00:00
An expatriate living in the Italian province of Umbria has revealed that house prices in the region have gone up considerably in recent years.According to Penny Radford, interest from foreign buyers has led to property values in some areas getting "quite high".Speaking to the Independent, she said the growing popularity of Umbria has led to a number of changes across the region, both in terms of its leisure facilities and the people it is attracting.She commented: "Umbria's a lot livelier in summer than it used to be, with better restaurants and hotels, and you see more young Italians these days"Ms Radford moved to the area on a permanent basis 15 years ago and now runs a guesthouse for visitors.Italy 's appeal to foreign property buyers was recently highlighted by NuWire Investor , which said demand for accommodation in popular tourist spots makes it a particularly good investment.
More About: British

Expats urged to consider financial matters
2008-05-06 02:00:00
People who are thinking of relocating to Spain have been urged to consider various financial issues such as tax.According to ShelterOffshore.com, this is essential for expatriates who wish to at least maintain the quality of life they are used to.The online portal stated that expatriates need to work out what their tax liability and outgoings will be.This, it said, means they will be able to budget for their move to the sun and see whether they can avoid compromising on their living standards.ShelterOffshore.com remarked: "Determine if you can afford to retire to Spain and reside in the manner to which you would like to become accustomed."The website added that Spain is currently very popular with expatriates from the UK, especially older people who want to spend their retirement in sunny climes.This comes after a recent poll of expatriates by NatWest revealed that the vast majority believe they are financially better off now that they live abroad.
More About: Financial , Matters

LBA plans to add US services
2008-05-06 02:00:00
Leeds Bradford International Airport (LBA) has outlined its intention to expand into the American market.Tony Hallwood, commercial and aviation development director at LBA, said passenger numbers have been boosted considerably in recent years by the launch of new flights to Europe.However, he stated that he wants to encourage further growth at the Yorkshire-based facility by tapping into other markets, including the US.Mr Hallwood said such a move would mean that consumers who live within LBA's sphere of influence would be able to travel to the US directly.He commented: "There is now less need for people to trawl down to London to connect to flights worldwide."Mr Hallwood added that adding flights between Leeds and New York is one of LBA's main priorities, as this will open up a "range of new linkages" across North America.According to the Civil Aviation Authority, regional airports handled 42 per cent of air passengers in the UK last year.
More About: Services , Plans

Turkey grows in popularity with holidaymakers
2008-05-02 02:00:00
A holiday firm has revealed that Turkey is attracting more and more interest from British tourists. According to Lastminute.com, the country has displaced places such as Spain and France in terms of the number of online searches and bookings it has received. The online travel agent believes this is largely because the pound is currently at a record low against the euro, which means travelling to eurozone countries is now more expensive. By contrast, other countries including Turkey offer much more favourable exchange rates, thereby allowing consumers' money to go further. John Bevan, managing director of Lastminute.com, told the Daily Mail: "Turkey is our number one destination - amazingly, France has been pushed out of our top ten." The Post Office recently revealed that demand for Turkish lira has gone up significantly in recent months. Speaking to the Eastern Daily Press, a spokesperson said it is currently almost a third higher than the amount recorded 12 months...
More About: Popularity

Credit crunch 'boosts overseas property'
2008-05-02 02:00:00
The ongoing credit crisis is prompting some people to take the plunge and invest in a foreign property, an expert has said. According to Paul Collins of the BuyAssociation website, foreign property ownership is becoming more and more popular in the UK. This was partially attributed to economic issues such as the slowdown in the British housing market, as this has prompted some investors to seek potential opportunities overseas. He added that the credit crunch is also having an effect, as many are losing confidence in the amount of money they have in their UK property. Mr Collins commented: "When things start to show signs of taking a downturn it can actually steel people into making a decision." This comes after Exchange Bond predicted that the number of foreign properties owned by British and Irish nationals will increase by at least eight per cent this year.
More About: Credit , Property , Crunch , Overseas , Overseas property

Brazilian government prepares for World Cup
2008-05-02 02:00:00
The Brazilian government has outlined some of its preparations for the football World Cup , which is being held in the country in 2014. According to tourism minister Marta Suplicy, authorities are planning to create brand new upgrades to its transport infrastructure, reports the International Herald Tribune. The official stated that a proposal to create a high-speed rail link between Sao Paulo and Rio de Janeiro is under consideration, along with plans to expand air traffic. Ms Suplicy commented: "The 2014 World Cup is a great opportunity for the country to raise its visibility before the world." This is only the second time that Brazil has hosted the tournament, as it staged the event back in 1950. Antonio Lopes, a former Brazilian international, recently told Reuters that the whole country is likely to benefit from the World Cup. Speaking to the news agency, he said Brazil will benefit "financially and economically".
More About: Government

Tourism industry boost Turkish economy
2008-05-01 02:00:00
Growing tourism in Turkey is having a positive impact on the national economy, according to official data. Statistics cited by the Turkish Press show that during the first quarter of this year, the industry generated about £1.4 billion. This is 28.5 per cent up from the figure recorded during the same period of 2007, during which revenues of £1 billion were produced. The figures will be welcomed by holiday industry officials in the country, as they show that efforts to increase tourism are meeting with some success. Furthermore, the economic benefits of increased revenues will help to enhance the appeal of Turkey among overseas property buyers, particularly rental investors who wish to cash in on the tourist trade. The release of the data comes after the government revealed that more than 23 million foreign leisure travellers arrived in the country last year.
More About: Economy , Industry , Tourism , Boost

Thailand offers affordable properties
2008-05-01 02:00:00
Overseas property investors have been told that good-value properties can be found outside Europe. According to Rupert Bates of Homes Overseas magazine, property in Thailand is very affordable for British buyers. Furthermore, he praised Thai residences for offering the building standards that people from the UK would expect and require. Commenting on the location, Mr Bates said: "Thailand is a beautiful and thrilling location for overseas property investors." He added that properties are currently up for sale all over the country. However, Mr Bates stated that prices tend to vary in different areas, as demand is higher in the most popular resorts. Meanwhile, BuyAssociation has highlighted south-east Asia as one of the most popular emerging locations for British buyers. Paul Collins, property editor at the website, said this region is set to attract more foreign property investors during the next few years.
More About: Offers , Properties

Eurostar to bring investors to France
2008-05-01 02:00:00
Eurostar's new high-speed rail link to France could boost property investment in the country, according to experts. NuBricks.com said the new service between London's St Pancras station to Paris has led to a "substantial" increase in passenger numbers and revenues. As well as allowing Eurostar to compete more effectively with airlines, the rail link has also opened up markets such as Lille due to the reduction in journey times. The website stated that people from all over the UK are now choosing to take advantage of the improved connectivity, which it believes could lead to a surge of interest in France from property investors. NuBricks.com said: "As some areas of the European property market show signs of running out of steam, expect to see renewed interest in new destinations opened up as a result of Eurostar." This comes soon after Virgin Trains revealed that "more and more" people are choosing to use the railway as a means of getting to desti...
More About: Eurostar , Investors

Egyptian tourist accommodation to be in demand
2008-04-30 02:00:00
Owners of rental accommodation in Egypt could be set for a lucrative summer, new figures suggest. Research by Cheapflights.co.uk shows that interest in the resort of Sharm El Sheikh is currently 50 per cent higher than it was 12 months ago. The current weakness of the pound against the euro has been cited as one of the main reasons for this increase, as it has made many European countries expensive places to visit. By contrast, exchange rates with Egypt are much more favourable, which means holidaymakers are able to get more for their money if they travel further afield. Francesca Ecsery, general manager of Cheapflights.co.uk, commented: "The 50 per cent increase in interest shows that value for money is a key consideration for UK consumers." The findings also mean that tourist accommodation in Egypt is likely to be in very high demand during the peak holiday season. This comes after currency specialist Travelex stated that leisure travellers are becoming "incre...
More About: Accommodation , Tourist , Egyptian , Demand

North-east Brazil attracts foreign property buyers
2008-04-30 02:00:00
Foreign property buyers are increasingly snapping up houses for sale in north-east Brazil , it has been reported. According to Gulf Weekly, the region has become a major of hotspot of activity for investors across the world, as well as holiday home buyers and expats. The publication said this has led to it seeing record increases in property values in both the residential and commercial sectors. Gulf Weekly commented: "Demand for property in this region is intensifying and so prices and potential returns are increasing." The news provider added that the country's economy is continuing to experience growth, despite the recent slowdown in the US. This was attributed to recent efforts to diversify the economy, as this has made it less reliant on any single sector. According to NuBricks.com, Brazil is likely to experience economic growth of about 4.8 per cent this year.
More About: Property , East , North , Foreign

Eastern European countries keep attracting investors
2008-04-29 02:00:00
Foreign investors are continuing to snap up property across eastern Europe, industry analysts have stated.According to NuBricks.com, the region has experienced considerable economic growth during the past ten years.As a result, countries such as Bulgaria have become very popular with property buyers who want to collect good returns on their investment.The website stated that much of this growth has been driven by the European Union, as this has helped guarantee that their services, legal system and living standards are comparable to established markets such as France.NuBricks.com said: "Entry into the EU and adoption of the euro currency has been an obvious precursor to major growth in property prices and commodity consumption."The online portal added that countries including Croatia, Bulgaria and Slovenia have become "runaway success stories".This comes after the Association of International Property Professionals revealed that emerging markets accounted for a third of all foreign ...
More About: Countries , Eastern , Investors , Eastern European