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UAE sees increased interest
The increased attendance at this year's Cityscape real estate expo in Dubai indicates interest in UAE property is growing, it has been suggested.
Organisers of the event said the number of attendees in the first two days equalled the total of the whole three-day expo last year, the Associated Press reports....
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US and European banks slash rates
Those thinking of investing in property in the US or the eurozone could find themselves paying a lot less than they might until now if they take out a mortgage to fund the purchase.
It was announced today that the European Central Bank (ECB) and the US Federal Reserve had both cut their interest rates by half of one per cent....
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Spanish property 'great for investment'
Now is a great time to invest in Spanish property, it has been suggested.
Property editor at overseas investor magazine Buy Association Paul Collins said the significant falls in prices experienced in many parts of the world means there are many "great properties" to be had now that would normally be out of reach....
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Sicilian property may be boosted by golf tourism growth
Those investing in property on the Italian island of Sicily may find that that golf tourism provides a boost to the value of their investment in the next few years.
Until recently the Il Picciolo course at the Palmerston Etna Resort was the only golf centre on the island, the Daily Telegraph reports....
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US cities offer incentives for green property owners
Those buying property in the US may get incentives to install a green roof.
Such roofs, typically covered with plants such as water absorbent sedum, are credited with saving energy through their insulation qualities, improving urban air quality and thus preventing the urban heat-trap effect, plus limiting storm water run-off, the Wall Street Journal reports....
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Australia slashes interest rates
The Reserve Bank of Australia has announced it is slashing interest rates by one per cent in a move designed to boost the economy.
Australia's cash rate has been lowered from seven per cent to six per cent, following a 0....
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Brazil 'emerging as property hotspot'
Brazil's booming economy is helping to create a property hotspot where prices will grow healthily, it has been stated.
Chintan Mahida, an overseas property expert with Nubricks.com, said the emergence of a strong economy in the South American nation was mainly due to its membership of the Bric group (Brazil, India, Russia, China) of emerging economies, which are actively encouraging foreign investment....
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Florida property 'available at half former price'
Those looking to buy property in the US can find bargains in Florida that are up to 50 per cent less than in the recent past, it has been stated.
Kimberly Kirschner, the owner of Kirschner Realty, told the Financial Post that there are beachfront properties in the south of the state available for USD250,000 (GBP142,000)....
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Algarve tipped to gain from race circuit
The completion of a new motor racing circuit on the Algarve may help boost the value of property in the Portuguese region, it has been predicted.
As many as a million extra visitors per year may come to the Algarve because of the presence of the Autodromo Internacional do Algarve, Homes Worldwide reports....
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Homes in Brittany 'fit a GBP100,000 budget'
Those with GBP100,000 should have little difficulty finding a property in the French region of Brittany, it has been stated.
French property specialist firm VEF said there are many properties available in the region for this amount, which works out at around EUR125,000....
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France 'the safest place to invest'
Those looking to invest in property at present should look to France, an expert on property in the country has said.
Alex Charles, the co-founder of the property website creme-de-languedoc.com: "If the UK sinks into a recession then investors will look to France for a safe investment; it is low risk because of the legal framework....
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UAE hailed as attractive investment
The United Arab Emirates (UAE) has been described as a safe investment location for western investors in property who are looking to escape the credit crunch.
Overseas property firm Select Property has said that the UAE is benefiting from having a market based on different foundations as opposed to those found in places such as Britain and the US....
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Senate votes for new rescue deal
In news that may interest those seeking to invest in US property, the Senate has backed a revised plan designed to bail out the struggling American banking system by 74 votes to 25.
The deal still includes the same central plan to spend USD700 billion (GBP380 billion) of taxpayers' money to rescue the financial sector as the original blueprint that was rejected by Congress on Monday....
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Australian central banker in rate cut call amid half-point speculation
Australia's federal treasurer Wayne Swan has urged high street banks in the country to pass on as much as they can of any rate cut that the Reserve Bank of Australia may make next week.
Commenting amid speculation that the bank may cut rates by as much as half a percentage point next week, Mr Swan said: "I would encourage all of our banks to act as responsibly and as competitively as they possibly can," reports ABC News....
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Thailand 'looking at relaxing foreign ownership rules'
Thailand is considering relaxing the rules on foreign ownership of property to make it easier for non-Thais to invest there.
Global Property Guide figures supplied to the Seoul Times have revealed that while prices increased by 5....
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Tavira hailed as Algarve holiday location
The town of Tavira on the eastern Algarve has been hailed as an outstanding place to spend a holiday at this time of year.
In an article that may interest those investing in Portuguese property, the Daily Telegraph said the town is "hard to beat as an autumn break"....
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France 'offering soundest property prospects'
French property is one of the safest ways for people to invest their money, an overseas property firm has stated.
VEF, which specialises in the French market, has said the country has a number of economic advantages over its neighbours....
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Dubai sales 'tipped to reach GBP100 billion'
Sales of property in Dubai will reach GBP100 billion in value this year, it has been predicted.
Analysts are forecasting that the emirate will reach this figure in 2008 after last year brought a sales total of GBP64 billion, the Move Channel reports....
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Hurghada 'offers irresistible combination'
The Egyptian resort of Hurghada offers UK investors an ideal location in which to invest, it has been stated.
Nick Marr, the chief executive officer for overseas property portal Homesgofast, said of the resort: "Low prices and an area with its own airport make Hurghada an irresistible combination for UK investors....
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Cape Verde 'geared up to UK air travel'
The arrival of direct air access from the UK has been a key factor in helping to develop the property sector in Cape Verde, it has been stated.
Paul Collins, overseas editor of property investor magazine Buy Association, said this development has been "quite a big factor" in the emergence of the country's market....
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Property sales surge reported in French region
The French region of Pyrenees Atlantiques is seeing a sudden surge in sales of properties valued between EUR200,000 and EUR350,000 (GBP277,000), it has been claimed.
French property specialists firm VEF has stated that one of its partner agents in the region has recorded such an upsurge, leading it to suggest that those thinking of buying a property in the region within this price range should do so now....
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Douro valley 'offering alternative' in Portugal
Investors looking to buy property in Portugal can find a lower-priced alternative in Porto and the Douro valley, it has been stated.
The area, famed for its port wines, has plenty of inexpensive property in attractive rural areas to be found, Paul Symington of port wine producer Symingtons told the Financial Times....
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Mallorca 'most stable' market in Spain
Mallorca has been labelled as the best and most stable property market of any part of Spain.
Experts from Spanish Hot Properties told property portal Bye Bye Blighty that the island has benefited from an increasingly upmarket reputation in recent years, reports Homes Worldwide....
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French property reform 'to avoid risky credit'
The conditions that led to the credit crunch will not be allowed to recur in France even as it seeks to extend home ownership, the country's finance minister Christine Lagarde has said.
Speaking about the future of property transactions in France, Ms Lagarde told the BBC: "Expect two conditions - a down payment of 20 per cent of the value of the house plus mortgage [repayments] which will not exceed 30per cent of income....
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Spain to launch new property index
Spain is to launch a new property index amid suggestions that existing methods of tracking house prices are not adequate.
The Statistics Institute is to produce a new quarterly index which will run in addition to the existing housing ministry figures, reports Reuters....
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Estonia in bid to raise UK tourist profile
In a move that could boost investment in tourist property in the country, a body from Estonia has announced it is holding a promotional event in London next month.
On October 9th the Estonian national tourist office is to run a show at the London Guildhall, which will include a workshop in the afternoon and a presentation for tour operators in the evening....
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Dubai property 'not at risk of crash'
Property in Dubai is not at risk of going the same way as some other markets have in the credit crunch, it has been stated.
Chris O'Donnell, the chief executive of real estate development firm Nakheel, has said that while the market in the emirate will see some change, good developments will always prosper and as a result the overall outlook is still positive....
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Tenerife in potential tourist property boost
A new tourist attraction has been opened on the island of Tenerife, which may help boost the tourist buy-to-let sector on the island.
Siam Park, reportedly the largest water park in Europe, is a Thai-themed attraction aimed at families....
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Water transport unveiled as feature of eco city
In news that may interest those keen on investing in environmentally-friendly property, it has been revealed that a new eco city in Florida will be using water both to prevent urban sprawl and to supply a means of transport....
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Vendee 'a strong tourist area'
The Vendee area of France is the second most popular area for tourists and offers good prospects for property investors, it has been stated.
It has numerous aspects which can attract visitors, such as castles, abbeys, islands off the shore, plus sporting activities like golf, sailing and cycling, French specialist property firm VEF has noted....
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Investors advised about the importance of French inheritance laws
According to tax advisory service Blevins Franks, Britons considering a move to France should ensure they are aware of inheritance laws in the country.
Although the laws are relatively simple for married couples who have either children from that marriage or no children at all, inheritance matters can become much more complicated if a couple is not married or if there are children present from previous marriages, the firm stated....
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Tenerife 'overtakes interest' in the Costas
The island of Tenerife is the most popular search destination for buyers seeking property in Spain from outside the country, according to new figures.
Produced by business portal Globaledge, the analysed data from 13,000 Google searches found Tenerife to be the most popular search destination from a total of nearly 60,000 property to buy in Spain searches that were carried out in July this year....
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Istanbul hailed as good investment
Istanbul is the best investment hotspot in Europe, it has been suggested.
PricewaterhouseCoopers and the Urban Land Institute both named it as the best place to invest in the continent after property investors there enjoyed a 42 per cent growth since February last year, according to Hot Property Turkey....
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New marina to be created in Turkey
New plans have been unveiled to create the second largest marina in Europe in a Turkish coastal town, something that may interest investors in waterfront property.
Following the declaration of the town as a tourism centre by the ministry of Culture and Tourism, the Aegean seaboard town of Didim is to become home to the new marina, Today's Zaman reports....
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USA 'seeing rise in green roofing'
The US is seeing a major rise in the number of green roofs, it has been reported.
A survey by Toronto-based not-for-profit organisation Green Roofs for Healthy Cities has found that there has been a rise of 30 per cent in the number of green roofs across North America in the past year, the Chicago Tribune reports....
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Porto 'offers good rental opportunities'
Those looking to invest in property in Portugal for rental purposes may be able to find some good prospects in the city of Porto, it has been suggested.
Writing for Nubricks.com, John Moore of the Move Channel said the city is a prominent location both as centre of business and industry and also as a tourist destination, with the main attraction being Port wine....
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Brazil in new UK tourism drive
In news that may interest those investing in property, a new initiative has been launched to encourage more Britons to visit Brazil.
Brazilian tourist board Embrataur will stage a roadshow at the end of this month, which will be aimed both at travel agents and tourists, reports Worldwide Visa bureau....
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Fort Myers 'developing as hotspot'
The city of Fort Myers in Florida is developing as a major new hotspot, it has been stated.
Carlo Walther, the head of business development at Rightmove Overseas, said the Gulf Coast region has been seeing the benefits of large scale investment in recent times....
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Turkey to host paragliding festival
Turkey will play host to a major paragliding festival in the seaside resort of Oludeniz, it has been reported.
The ninth Oludeniz Air Festival will take place between October 15th and 19th this year, reports Travel Video TV....
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Hilary Swank to open Dubai development
Actress Hilary Swank is to open a major residential property development in Dubai next month.
Developers of the Aquitania project Select Property and Select group have chosen the academy award-winning Hollywood star to be the face of the development, hosting a reception at the Buddha bar in which clients will be able to view the investment prospects....
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Alicante 'holding up well'
Alicante is holding up better than most local property markets in Spain, it has been stated.
Housing ministry figures for Spain have revealed that in the first quarter of the year the Costa Blanca province only had 700 fewer transactions than Barcelona Province, which at five million has a much larger population, Costa Blanca News reports....
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British buyers 'finding new ways into French property'
Britons are still investing in France despite some difficulties in finding the finance at home, it has been stated.
French property specialist firm VEF has said that its conversations with investors at the recent French Property Show in London have revealed a number of ways in which people have been able to adjust their plans....
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Abu Dhabi 'to expand the interest in the UAE'
The recent high level of attention focused on Abu Dhabi will ensure investors in overseas property will realise there is more to the UAE than Dubai, it has been stated.
Shelter Offshore has commented that the extra publicity gained by Abu Dhabi after an investment vehicle of its royal family agreed a deal to buy Premiership football club Manchester City at the end of August, will help counteract the high profile of Dubai....
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Buy in Spain now, expert advises
A property expert has advised that now is a very favourable time to purchase in Spain.
Writing for the Times of the Internet, the marketing manager of spanishpropertyclub.org.uk Steven Clarke said there are four good reasons to invest now....
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Turkish province sees tourism boost
In news that may interest those thinking of investing in property in Turkey, it has been reported that the Turkish province of Mugla has seen a major increase in tourist numbers this year.
New figures for the region indicate that 2....
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Developer confident about Brazil resort funding
A developer behind a major new resort development in north-eastern Brazil has said it is confident it will secure the necessary finance to move ahead with the project.
Costing USD10 million (GBP5....
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Portugal hailed as best for golf
In news that may interest those thinking of investing in Portuguese property, the country has been hailed as an outstanding place to invest in golf-related real estate.
Padraig Harrington, a member of Europe's Ryder Cup team and also a trained accountant, explained to the Daily Telegraph why he had invested in a five bedroom villa at Vilamoura near Faro....
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Northern Cyprus boom tipped
Northern Cyprus is tipped to enjoy a boom as the island moves nearer to possible reunification.
Talks between the leaders of the Greek Cypriot south and Turkish Cypriot north commenced this month and according to Blue C developments, progress in this process will run in parallel with a boom in prices on the northern part of the island....
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Gold medal hero to invest in US property
Record-breaking Olympian Michael Phelps is to use the estimated USD100 million (GBP57 million) he will earn in endorsements and sponsorships to build up a property portfolio in the US, it has been reported....
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Airline announces new Canaries flights
In a potential new boost for the Spanish property industry, Scottish low-cost airline Flyglobespan has announced it is to launch two new services to the Canary Islands.
From December it will fly from Aberdeen to Gran Canaria and Lanzarote, enabling more holidaymakers to fly out to the islands....
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