Carnival time for Portugal property buyers

Tuesday, December 23rd, 2008
Those investing in Portugal property may find the island of Madeira offers an interesting alternative to the mainland, not least because of some of its events.

Madeira’s carnival is one of the highlights of the year on the island and takes place every February, with thousands of performers taking to the streets amid much revelry, with costumes that are occasionally skimpy and frequently spectacular, with plenty of colour and some very large feathers.

Such amusement may appeal greatly to Portugal property buyers who enjoy a good cultural experience and the chance to mix with the locals.

The island also offers an excellent climate with plenty of sunshine.

Most of the development is centred around the island’s capital of Funchal because that side of the island gets the best of the weather, sales director of the under-construction Azulara development Bernard Hornung told the Independent recently.

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Good research hailed as key to Costa Blanca property buying

Tuesday, December 23rd, 2008
Those who want to buy Costa Blanca property will be more likely to do so successfully if they first carry out extensive research, it has been stated.

Discussing Spanish property in general, managing director at Safe Buying Experience Jim McCook advised: "Make sure you carry out plenty of research regarding the area of Spain you would like to purchase in and indeed the type of property that will be most suitable for your needs."

Such advice could help those thinking of buying Costa Blanca property to establish that this is the area for them.

He added that one way of discovering that the possible purchase is the right one is to take the advice of any friends living in the area, while another one is to rent a home in the country for a while to learn more about the lifestyle, something he said could help those thinking of residing permanently in the country.

Costa Blanca property buyers may also be interested in recent news that Spanish property is among the most popular for residents of English-speaking countries.

A survey of 1.4 million searches in September this year by real estate firm Global Edge found that Spain was second only to France for popularity.

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Property USA tipped as good investment for 2009

Monday, December 22nd, 2008
Those keen on investing in property USA may be interested in news that it has been recommended as one of the best places to invest in 2009.

Property Frontiers has listed the property USA market as one of the top locations on the basis that the lowering of house prices means it offers many bargains for investors.

The portal stated: "As prices drop, properties are beginning to reach a solid bottom and offer sufficiently appealing yields to suggest they offer real value."

In addition to this, the portal suggested that when the market does start to recover the consequences of this will enable countries all over the world to benefit, due to the economic strength of the US.

One factor that may help boost the market is the economic assistance package planned by president-elect Barack Obama.

Another may be the recent cut in the Federal Funds Rate by the Federal Reserve from one per cent to a range between zero and 0.25 per cent.

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Bodrum property may gain from call for governance change

Monday, December 22nd, 2008
A politician in the Bodrum area has called for a change to the structure of local government in the region.

Mayor of Bodrum Mazlum Agan said the growing tourism appeal of the various towns on the Bodrum Peninsula has meant that there are potential pressures on the area that would be more easily managed if one authority was dealing with them, rather than several, Hurriyet reports.

Explaining his call for Bodrum to become a metropolitan authority, he said: "We may overcome all of these problems by uniting under the same roof as the Bodrum Metropolitan Municipality."

Such a development may help the Bodrum property market by helping to bring about a better local infrastructure, enabling the development of better facilities for tourists.

Bodrum property seekers may in the meantime be interested by some of the events that could attract visitors who may rent holiday property in the area.

Last week Hurriyet reported on the first of several events in the camel wrestling season, which was held at Mugla in front of a crowd of 5,000.

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Developer adds olives to appeal of Crete property

Monday, December 22nd, 2008
Those keen on investing in Crete property may find they get a bonus with it in the form of fresh olives.

Developer Caversham-Barnes has planted over 1,400 olive trees at its new project on the island, which will include nine two and three-bedroom villas when complete.

The plan is for the olives to be harvested by owners and bottled by a local co-operative.

Numerous other plants and fruit trees have been planted around the site as well.

Explaining the plan, principal of the firm Said Marie said: "In addition to plentiful supplies of fruit, the trees will provide villa owners with shade and privacy, beauty when they are in blossom and natural habitats for birds."

Those investing in Crete property may find that one of the biggest appeals of the island is its healthy diet, which has been said to have enabled residents to enjoy low rates of heart-related diseases.

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Costa del Sol property may be boosted by new buyers

Friday, December 19th, 2008
The Costa del Sol property sector may be set for a boost after a new property website was launched in the region.

Marrison Properties has announced the creation of a portal to market its properties in Marbella, something that may indicate the continued value of the Costa del Sol property market.

The firm stated that it is also involved in property in Ojen, the Golden Mile, Malaga and Sierra Blanca.

Optimism that the Costa del Sol property market will see through the downturn, provide value for money and offer the kind of overseas opportunities that buyers want may be well justified on the basis of a recent poll showing the continued popularity of Spain.

Earlier this month a survey by homesoverseas.co.uk found that there could be as many as 1.4 million Britons wanting to enter the overseas property market, with 24.9 per cent of these saying Spain was their destination of choice.

Many of those may be keen to see what the Costa del Sol can offer.

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Lanzarote tourism rise may boost Canary Islands property

Friday, December 19th, 2008
New figures have revealed that British and Irish visitors are coming to Lanzarote in greater numbers than last year, something that may help bolster the Canary Islands property market.

Figures from Spanish airports authority Aena show that in the first ten months of this year, 708,506 Britons flew into airports on the island, a six per cent increase on last year, reports homesgofast.com.

Irish tourist numbers were up 1.39 per cent at 186,759, while the overall number of tourists was 1.1 per cent higher than in 2007.

Such developments may mean that there is increased demand for holiday rental property on Lanzarote and its neighbours, something that may bolster Canary Islands property investors.

Another possible boost came with news earlier this month of the launch of a £1.26 million promotional campaign to help raise tourist numbers on the islands.

The Move Channel noted that one of the major targets will be Britons, with British Embassy figures indicating that four million UK citizens travel to the islands each year.

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Vintage Sicily may attract Italy property buyers

Thursday, December 18th, 2008
Those keen on Italy property may be enticed to Sicily by the discovery of some of the literally vintage events that take place there.

One such event, held from May 25th to June 1st, is the 2009 Grand Tour International Sicilia-Targa Florio, a vintage car rally that will take participants all round the historic island, a trip the organisers describe as "five thousand years of history in eight days".

The event, featuring vintage, veteran and classic cars, will tour the western side of the island including the capital Palermo and the historic Greek Temple of Segesta, which was never finished as no roof was fitted.

Such attractions may help bolster Sicilian tourism, offering new opportunities for Italy property buyers keen on renting out homes for all or part of the time.

One of Sicily’s most fascinating features is Mount Etna, an active volcano standing nearly 11,000 ft high.

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California property may be boosted by population growth

Thursday, December 18th, 2008
New figures have revealed that the population of California is still growing.

Demographic survey data from the California department of finance revealed that the overall population grew by 1.16 per cent in the year to July 1st 2008.

Three quarters of the growth was due to the higher number of people being born than dying, with migration accounting for the rest.

California property investors may find that a continuation of the trend that has seen the state’s population rise by 4.3 million (12.6 per cent of the population) since 2000 will help increase demand for homes, meaning that those who invest in California property now could benefit when the market starts to pick up again.

Britons who choose to invest in California property may not be alone, according to a report in China Daily.

The paper noted that Chinese real estate and furnishings website SouFun is arranging trips to the US for prospective buyers, with chairman of the firm Vincent Mo telling the news provider that the itinerary includes San Francisco and Los Angeles, which have large Chinese populations.

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French property offering buyers market, says expert

Thursday, December 18th, 2008
French property buyers can access a number of bargains in what is now a "true buyer’s market" it has been stated.

Chief executive of property portal Homesgofast.com Nicholas Marr pointed to a new development near Paris as a prime example of how buyers are favoured by current market conditions.

Properties are available for as little as €95,000 in the suburb of Bois d’Arcy, with a 4.4 per cent annual average rental yield.

Mr Marr said: "The French property market has never offered investors opportunities like this, it’s a true buyers market and one that investors can benefit from."

A survey earlier this month showed that a large number of Britons would like to buy a French property.

The poll by international real estate portal homesoverseas.co.uk found that 1.4 million Britons would consider buying overseas in the next year, with 25.9 per cent of them stating that France would be their location of choice.

Editor of the site Marc Da-Silva commented that now is a good time for investors to pick up "bargain basement" deals.

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