Bitter sweet for French Riviera property buyers

Friday, January 30th, 2009
The French Riviera town of Menton stages its lemon festival through February and March.

Split across three weekends, the event celebrates the status of Menton as a major centre of lemon growing.

Those keen on a bit of fun and vitamin C as well as investing in French Riviera property will be able to enjoy a wide range of carnival costumes, exhibitions, floats and fireworks as the town parties in celebration of the yellow citrus fruit.

A display of Orchids and a permanent exhibition of rare citrus plants at the Palais Carnoles can also be viewed by visitors to the area, while those who fancy a bit of shopping can buy local food and crafts.

Menton is located between Monaco and the border with Italy, two more factors that may attract French Riviera property buyers to the district.

The local tourist information site notes that Menton enjoys 316 sunny days per year.

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Window of opportunity tipped for Brittany buyers

Friday, January 30th, 2009
The French property market is offering a "window of opportunity" to buy at a reduced cost, an agent working in the country has stated.

In comments that may interest potential Brittany property investors, a representative of French specialist real estate firm VEF has commented that in the present climate many sellers are willing to accept a lower price from British buyers while the exchange rate between the pound and euro are near parity.

The official added that these buyers will be looking for higher offers when the value of sterling starts to recover, making the present a good time to find a bargain.

Brittany property investors may also be able to use the current economic situation to their advantage when investing in homes that could be rented to tourists for modest amounts.

Earlier this month a Daily Telegraph feature on cut-price travel noted that getting to places like Brittany is much cheaper than it used to be, with a car plus passengers being able to cross on the Dover-Calais ferry for less than a third of the 1992 price.

This could mean that Brittany attracts a large share of those looking for cheaper holidays during the recession.

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Crafty time for Tuscany property buyers

Friday, January 30th, 2009
A major art and crafts event in Florence may be another reason for people to be attracted to Tuscany this spring.

Tuscany property buyers and others can enjoy the 2009 ART festival, which takes place at the Fortezza da Basso exhibition centre in the historic city and offers visitors a chance to enjoy a wide range of handcrafts and items made by over 700 exhibitors drawn not just from Italy but also a number of other countries.

The event runs from April 25th to May 3rd 2009, offering Tuscany property buyers plenty of opportunity to look around, as well as enjoying the many other historic, artistic and cultural attractions Florence has to offer.

Visitors to Tuscany may be interested to learn that one city has just gone a step further in preserving its cultural heritage.

The city of Lucca has banned any more foreign eateries from being established, a move that has drawn criticism from some but may appeal to those who prefer Italian food.

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It’s downhill for Italy property buyers

Thursday, January 29th, 2009
Many people who invest in Italy property do so in order to enjoy a spot of skiing from time to time, but next month they will have the opportunity to watch the real experts.

The FIS Alpine Skiing World Cup will be arriving in the town of Bormio, with competition taking place from Sunday February 15th to Tuesday February 17th.

Fans will be able to catch a glimpse of some of the top names on the circuit, which travels to various locations in a similar way to motorsport’s Formula One competition.

Events are scheduled to take place in both the men’s and women’s categories, with slalom, giant slalom and the high-speed Super G all being contested.

Those who have invested in Italy property near Bormio may have the opportunity to ski on the same stretch of snow as the professionals, as the Stelvio slope is open to amateurs when competitions are not taking place.

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Obama stimulus hope for California property?

Thursday, January 29th, 2009
President Barack Obama has said he hopes his economic stimulus package can ease its way through Congress and boost the US economy.

The new White House incumbent has been wooing Republican members on Capitol Hill to seek their support for the $825 billion (£577 billion) programme of public spending and tax cuts.

Speaking about the prospects of passing the new plan, Mr Obama commented: "I don’t expect 100 per cent agreement from my Republican colleagues, but I do hope that we can all put politics aside and do the American people’s business."

Should the measure be passed and be successful in boosting the US economy, it may help improve the state of the California property market.

Those looking to buy California property could find that now is a good time to pick up a bargain ahead of any recovery.

The median price for an existing home in the state fell by 41.5 per cent to $281,100 in the year to December 2008, the California Association of Realtors revealed this week.
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Sharp stuff for New York property seekers

Wednesday, January 28th, 2009
Those who are investing in New York property may come across some unusual activity in the city next month, as the annual New York Sword Dance Festival is set to take place.

Sponsored by Half Moon Sword, the event is being staged for the 24th time on February 14th and 15th and will be travelling around public spaces.

A total of 14 performing groups, or teams, will arrive from across the USA to demonstrate their skills.

The practice itself is thought to have originated from English Morris dancing and other folk traditions and sees a group of people linked in a ring by the swords they hold.

Intricate figures and patterns are weaved by the dancers, working as a team without breaking the circle.

Among the places New York property buyers can see the displays are the Brooklyn Museum of Art and Jefferson Market Library.

Also taking place in the city next month is the New York Road Runners Half-Marathon Grand Prix, a 13-mile race being held on Sunday February 8th.

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Sales rise as buyers seek Orlando bargains

Wednesday, January 28th, 2009
Sales of property in Florida have continued to rise, new figures have revealed.

According to the Florida Association of Realtors (FAR), falling prices have contributed to the increase, with investors seeking Orlando property bargains among those benefiting.

The FAR found that sales of existing homes in the state as a whole rose by 28.9 per cent in December - the fourth consecutive monthly increase.

And the statistics showed that sales were also up 27 per cent when compared to December 2007 levels.

Those thinking of investing in Orlando property may also find that mortgages have become more affordable, as the FAR noted that the average interest rate for a 30-year fixed deal was 5.29 per cent in the final month of 2008, down from 6.1 per cent a year earlier.

The Orlando Foreclosures Expo is being held next month, offering potential investors an opportunity to meet with sellers before making a purchase.

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Make a run for Normandy property

Tuesday, January 27th, 2009
The Bayeux half-marathon is to take place on March 22nd, offering those seeking Normandy property a chance to enjoy some of the sporting culture of the region.

Fit investors may even decide they wish to take part in the event, which will offer a good chance to see what the town is like as those feet pound its streets over a distance of more than13 miles.

Such a taste of Bayeux may help those looking to buy Normandy property to make up their mind about whether they wish to buy in or near the town, which is famous for its tapestry depicting the events of the 1066 Norman Conquest.

Those considering Normandy as an investment destination may also be attracted by other aspects of the area.

In a recent feature on the region, the Daily Telegraph picked out Mont St Michel as one of the best visitor destinations, along with La Cite de la Mer, a decommissioned submarine with dive simulators and aquariums.

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Iron stuff for Canary Islands property

Tuesday, January 27th, 2009
Triathlon fans will be drawn to the Canary Islands this spring as the Ironman Lanzarote triathlon event takes place.

Held on May 23rd, the event will see a group of brave and very fit men take on the challenge of swimming 3.8 km, cycling 180 km and then running 42.2 km, the latter being the equivalent of a marathon in miles.

While most Canary Islands property seekers may think twice about wishing to take part in the event (for which all places have now been taken), the spectacle may provide much entertainment and a chance to enjoy the landscape of the island.

Canary Islands property investors may also be interested to know that a new air service to Tenerife was launched earlier this month.

The route, operated by Teleticket, flies from Bournemouth and the company has also started flights to Fuerteventura from the airport in Dorset.

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Six of the best for French property seekers

Monday, January 26th, 2009
Rugby fans seeking French property will be able to combine both pursuits in the coming months as the Stade de France in Paris stages two matches in the Six Nations rugby championship.

France will play its home games against Scotland on February 14th and last year’s grand slam winners Wales on February 27th.

Such fixtures will allow visitors to combine a chance to enjoy the delights of Paris with the taste of top-class sporting action and a big match atmosphere.

Those looking to buy French property in Paris or elsewhere in the country are in good company, according to the founder of French property specialist firm VEF Trisha Mason.

She said earlier this month that UK buyers have a "love affair" with the country and many have managed to still buy a French property despite changes in economic circumstances by revising their original ideas about the sort of homes they wanted to buy.

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