Monthly Archive for October, 2008

In news that may interest those thinking of investing in Morocco property, it has been stated that the north African country is emerging as a new holiday hotspot.

Referring to research by holiday firms Thompson and First Choice that more overseas holidays are being taken by Britons away from traditional locations, Chintan Mahida, a spokesperson for property firm Nubricks.com, said changing tastes were combining with factors such as the low value of the pound against the euro to prompt people to look elsewhere.

She commented: "Low cost airlines such as easyJet are cottoning on to the changing trends and adding new routes", stating that this was making "destinations like Morocco and Turkey more easily accessible".

Ms Mahida added that the result of this will be the growth of these locations as travel destinations and a consequent increase in demand for property there.

One place hailed as an up-and-coming tourist location in Morocco is Agadir.

The Daily Mail said the location is shortly to be boosted by launch of a Ryanair service from Stansted.

Visit Rightmove Overseas for the best selection of Morocco property. Stop dreaming, start searching!

The Gulf Opportunity Zone is an area which is seeing a rise in popularity for property USA investors, it has been stated.

Chief executive officer of overseas property portal Homesgofast Nick Marr said the region has attracted more interest for his firm since the introduction of the zone in 2005, which was designed to help aid the economic reconstruction and development of the states of Mississippi, Louisiana and Alabama following the Hurricane Katrina disaster.

Mr Marr said property USA is well suited to those who want to look to the long-term.

He stated: "In all, if you have the cash the States is a great place to buy property if you are prepared to hold on to it or simply use it for the next five years."

Such a situation could see those who buy now reaping the benefit as the economy recovers and the property market starts to grow again in the next few years.

The Gulf coast area has received $126 billion (£77 billion) in aid since Katrina, with the Gulf Opportunity Zone offering tax breaks and incentives to help it develop.

Visit Rightmove Overseas for the best selection of property USA. Stop dreaming, start searching!

The Atlantic-facing Costa la Luz is offering lower prices for Spain property investors, it has been stated.

Following a period when the area had been resistant to lowering prices, the region has now taken its cue from the rest of Spain and made various bargains and incentives available, Titan Properties reports.

Commenting on the area, director of Titan Properties Andrew Benitz said it "has been a long-standing favourite with discerning natives in search of a sophisticated summer destination and several wealthy entrepreneurs from Spain’s industrial north have offered their expertise to building luxurious residential resorts".

He stated that the company itself is offering incentives and bargain prices on property on Isla Canela, which lies in the mouth of the River Guadiana that forms part of the border between Spain from Portugal.

One feature some Spain property seekers may like about the area is the lack of Anglicisation.

Writing about the Costa la Luz for the Daily Telegraph recently, Fred Mawer said the low number of English speakers means that features such as "tacky" English-style cafes are absent and the local cuisine is mainly Spanish.

Visit Rightmove Overseas for the best selection of Spain property. Stop dreaming, start searching!

Those interested in buying New York property can enjoy a wide range of attractions and tourist events in the Big Apple, but there is one that will particularly appeal to chocaholics.

Held at Pier 94 between November 7th-9th this year, the show will feature demonstrations, prizes, activities for children and even a fashion show.

New York property buyers who cannot resist the sweet brown stuff can buy tickets for $28 (£17) to enter the show.

This taste of chocolate heaven is only one of the many attractions of the city that never sleeps, which may entice people to live or rent property there.

Such features include the Empire State Building, once the tallest in the world, which offers a panoramic view across Manhattan from the 86th and 102nd floor viewing areas.

The building’s official website states that the latter is presently closed for renovation, although when it reopens there will be some "exciting" new features.

Visit Rightmove Overseas for the best selection of New York property. Stop dreaming, start searching!

A property auctioneering firm has said the availability of Orlando property at lower prices is plentiful due to the high number of foreclosures in the property sector.

Hudson and Marshall of Texas, which carries out real estate auctions, has announced it is to reintroduce a programme to help people buy properties at auction - known as the homebuyer auction programme - because of the trend.

The firm said that "upscale homes that are turning buyers’ heads" are among the properties coming onto the market in this way.

Such a situation may prompt those thinking of buying an Orlando property to enter the market in search of bargains.

Commenting on the situation in Orlando and the rest of the state, director of operations at the British Homes Group Lee Weaver recently stated: "In all our years helping UK buyers find Florida dream homes, there has never been a better time for Brits to buy in Florida."

British Homes Group is also involved in the Florida auction sector.

Visit Rightmove Overseas for the best selection of Orlando property. Stop dreaming, start searching!

The present time is a very advantageous one to invest in overseas property, it has been stated.

Paul Owen, the chief executive of the Association of International Property Professionals, said that the current climate is one that has put some people off buying, reducing the overall number of buyers.

However, such a situation means the market is left open for those who remain committed to investing, he added, stating: "If you are in the market buying in many locations it is a great time to buy, because of the lower number of people buying than there was before."

Such a situation could mean those who invest now can have the pick of more bargains and find attractive properties that might have been snapped up by someone else in other circumstances.

Recent figures from financial services firm HiFX have shown that in the first half of 2008 the number of Britons wanting to emigrate was up by 30 per cent on a year earlier.

However, it found, only an extra ten per cent have gone ahead with such a move.

Visit Rightmove Overseas for the best selection of overseas property. Stop dreaming, start searching!