Canary Islands property seekers ‘find tranquility’ on Fuerteventura

Friday, November 28th, 2008
Those considering investing in Canary Islands property can find it on Fuerteventura more easily than elsewhere, it has been suggested.

Andreas Caliman, an official tour guide on the island, said the island is the quietest because its tourism industry started in the 1970s, compared with the 1950s for the other islands.

"That’s why they still promote the island as ‘La Isla Tranquilita’, which means the quiet, the tranquil island," he stated.

Such features may interest those thinking of buying Canary Islands property.

Amanda Ellis, contracts manager for travel agent alpharooms.com, said the island has the "best beaches in Europe", adding that it is also just 20 minutes by boat from Lanzarote, meaning it is possible to enjoy both islands together.

Discussing the tourism picture in the Canary Islands this week, Property Abroad’s chief market analyst Liam Bailey said it is "absolutely huge" because of its developed tourist scene and year-round sunshine.

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Brittany property promise may remain as French prices hold up

Friday, November 28th, 2008
In news that may bolster those thinking of buying Brittany property, official figures in France have shown that prices have still risen this year.

French National Estate Agents Federation data has indicated that in the 12 months to July 2008, the country’s property prices rose by 1.7 per cent.

This follows rises of 7.1 per cent in 2006 and 3.8 per cent in 2007.

Commenting on the findings, Property Abroad’s chief analyst Liam Bailey said: "France has seen such continued - if steady - increases in property values, mainly because it never really became swept up in the overseas investment boom."

Such stable and steady investments may be just what Brittany property buyers are looking for.

Also reflecting on the figures, founder of French property specialist company VEF Trisha Mason said that the firm believes prices have now stopped rising, but are not seeing significant falls.

However, there are reduced-price deals available, she said.

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Potential boost for Tuscany property after poll labels Italy top European destination

Friday, November 28th, 2008
In news that may interest those thinking of investing in Tuscany property, a poll has shown that Italy is the favourite European destination for UK travellers.

The country came out top on the continent among readers polled by the Daily Telegraph.

Although the high value of the euro against sterling may have reduced the number of visitors to places like Tuscany, this lack of crowds may have added to the charm, the paper suggests.

Britons thinking of investing in Tuscany property may also find that the popularity of the region is boosted by some of its scenery and architecture appearing in the latest James Bond movie, the Quantum of Solace.

One scene features the Torre di Talamonaccio, a medieval tower in the south of the region, while the historic city of Siena also appears in the early part of the film.

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Fort Myers property may offer yet more bargains

Thursday, November 27th, 2008
Investors seeking Fort Myers property bargains may be encouraged by news that US house prices continue to get cheaper.

The S&P/Case-Shiller home-price Index, which measures prices in 20 US cities, found that the annual drop in prices was a record 17.4 per cent.

In the month of September alone the drop was 1.8 per cent.

Analysts blamed the trend on the increasing number of foreclosures, something that may increase to due unemployment caused by the economic downturn.

However, this lowering of prices may help those seeking to buy Fort Myers property or homes in other locations in the US.

Those living in Fort Myers may benefit from the recent vote to back the proposition that there should be no property tax for added value on homes produced by the installation of green energy devices or stormproofing.

Known as Amendment three, this was voted through as part of the Florida state constitution earlier this month.

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EU package may boost Italy property

Thursday, November 27th, 2008
Demand in the Italy property market may be bolstered by an economic recovery package agreed by the European Union (EU).

The European commission has urged the 27 EU member states to accept a €200 billion (£167 billion) package of fiscal measures similar to those introduced in Britain this week in the pre-Budget report.

Such measures, which would be the equivalent of 1.5 per cent of the EU’s gross domestic product, could help bolster economies and property markets, including that of Italy.

Those who are thinking of investing in Italy property may be doing so in an economy that will recover well from the recession, based on the projections of the Organisation for Economic Co-operation and Development (OECD).

It has forecast that while the country faces recession now, it will recover in the second half of 2009, which "should allow output to accelerate significantly during 2010".

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Costa Blanca property may be boosted by continued travel popularity

Thursday, November 27th, 2008
In news that may encourage Costa Blanca property investors, the region has reported that British tourists are still continuing to pour into the region for winter holidays, despite the economic downturn.

A report in Informacion newspaper has quoted figures from Antonio Mayor, the president of Benidorm Hoteliers, who has said that bookings are at 70 per cent capacity for the winter getaway season.

Such findings may indicate that those looking to buy-to-let Costa Blanca property will still have plenty of custom even in the recession.

Benidorm has been seeking to broaden its appeal and become more upmarket this month by announcing a crack-down on unruly travellers.

This includes curbs on drinking and partying on beaches, as well as other forms of poor behaviour.

Such a move follows a recent bid by the resort to gain Unesco World Heritage status for its tourist architecture.

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French property buyers going for Alps

Wednesday, November 26th, 2008
French property buyers are targeting the Alps as the place to go to, it has been reported.

In defiance of the credit crunch, off-plan buyers are snapping up properties in Alpine areas such as the new Le Telemark resort at Tignes Le Lac, developers MGM Group states, reports Easier.

The firm has noted that Britons make up over a quarter of the buyers, purchasing ten of the 39 properties sold so far.

Commenting on the news, London based sales manager for the firm Nathalie Turchet said the purchases offered French property investors some ideal prospects.

She said they provided "a high quality second home to enjoy winter sports in one of Europe’s top ski resorts, a great base for summer holidays and a guaranteed source of rental income".

The firm is selling properties from €232,000 (£196,000).

Following some recent mild winters that have harmed the ski resort sector in the Alps, heavy early season snows have arrived this year.

In another Easier report, it has emerged that Ski Republic has been reporting record online bookings for some of its equipment hire packages, with take up rising by 500 per cent on a year ago.

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Rightmove Overseas win best platform award

Wednesday, November 26th, 2008
Overseas property portal Rightmove Overseas is celebrating after being recognised as the Best Online Platform in the Overseas Property Professionals Awards.

Held at the Brewery in the City of London, the event celebrated the best of the industry, recognising outstanding examples of practice in various areas of the industry in providing high-quality service and innovation.

These factors will be important for the future as well, said Mark Bodega of sponsors HiFX. He commented: "The consensus is clear: 2009 will be about service, innovation and, crucially, developing strategic alliances to access buyers and investors in a variety of countries."

Such recognition may help point aspiring overseas property buyers towards the service that Rightmove Overseas is able to provide.

Countries covered by the portal include a number of European locations including France, Italy, Portugal and Spain, as well as non-European destinations such as the US and the Turkish resort of Bodrum.

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Overseas property bargains may emerge as prices fall

Tuesday, November 25th, 2008
New evidence has emerged that those seeking to buy overseas property bargains may be able to take advantage of falling prices.

The Knight Frank Global House Price Index showed its first ever quarterly fall, recording a 0.3 per cent drop.

Head of international research at the firm Nicholas Barnes said the survey had shown that "no part of the world" is immune to the effects of the credit crunch.

However, he said, this trend is in many ways a positive one because "it means investors who are in a position to buy, are now sensing that some markets are offering relative value compared to pre-credit crunch conditions".

The comments come as the Organisation for Economic Co-operation and Development (OECD) plans to reveal details of how economies around the world will perform in the next year.

It will reveal its projections for all OECD members and major countries tomorrow, something that may further guide overseas property buyers.

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Normandy property in potential boost as new ferry service starts

Tuesday, November 25th, 2008
A new ferry service from Dover may help boost property in Normandy by making access across the Channel even easier.

LD Lines has announced that its ferry, the Seven Sisters, will operate a daily service from the Kent port to Dieppe in northern Normandy.

The service, which will start in February, will be able to carry both freight and tourist traffic, with as many as 600 passengers and 300 cars travelling in one sailing.

Such a connection could help increase investment in Normandy property, particularly in the Dieppe area, as it will make it easier to reach that part of the region and could help bring in more tourists who may wish to rent such property on a buy-to-let basis.

LD Ferries already operates services to ports in Normandy, including Dieppe.

The existing service to the port runs from Newhaven, while Le Havre is served by ferries from Portsmouth and Rosslare in the Republic of Ireland.

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