Canary Islands property backdrop hailed for variety

Friday, April 24th, 2009
The variety of attractions on the Canary Island of Tenerife is one of the key elements in its appeal, it has been stated, something which may interest Canary Islands property seekers.

In a feature on the island, the Derbyshire Evening Telegraph commented that the Puerto De La Cruz was a particularly notable location, as it is home to a casino, the Loro Parque zoo and stands at the foot of Spain’s highest peak, Mount Teide.

It also noted that Tenerife is the home of Siam Park, which is "the most spectacular water park in Europe".

Those keen on investing in Canary Islands property may consider such a variety of features a good reason to buy on Tenerife.

Siam Park is to celebrate the Thai New Year in a promotion run jointly with Thailand’s tourist authority, it has been noted.

Food, dance and cultural activities will all feature in the Thai Songkran commemorations over this weekend, Tenerifenews.com reports.

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Music to the ears for Morocco property buyers

Friday, April 24th, 2009
Music fans in Morocco could be in for a treat when the L’Boulevard festival takes place in Casablanca at the end of May.

Held from the 28th to the 31st of the month, the event features urban music such as rock metal, hiphop and fusion, offering a variation from the norm for Morocco property buyers and other visitors as an international cast of bands rolls into town.

The city of Casablanca itself provides an interesting contrast to the event, with its historic architecture and north African culture.

At the same time, there are modernisation projects taking place that may be of interest to Morocco property buyers.

These include the news that a high-speed rail link is being built between Casablanca and Tangier, Magharebia reported earlier this month.

Over eight million passengers per year are expected to be using the new service by 2016, with travel times between the two cities being cut from five hours to two.

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Florida property in new sales rise

Friday, April 24th, 2009
Florida property sales continued to rise in March, new figures have indicated.

Data produced by the Florida Association of Realtors for the month has shown that transactions involving existing homes were up on a year-on-year basis for the seventh successive month.

During the month 13,085 such homes were traded, up 30 per cent from the March 2008 total of 10,080.

The total also represented a 32.7 per cent increase in the number of sales in February 2009.

Average prices have fallen in the past year, with existing residences now trading for $141,300, compared with $201,700 a year ago.

Those wishing to join the influx of buyers may therefore find more bargains available in the Florida property market.

Florida has also been offering many foreclosed properties for sale, with figures from research firm RealtyTrac showing that it was one of the four states with the highest rate of filings in metropolitan areas in the first quarter of this year.

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Fractional ownership hailed as Tuscany property alternative

Thursday, April 23rd, 2009
Tuscany property seekers may wish to consider fractional ownership as a means of acquiring restored real estate in the Italian region, it has been suggested.

Writing for the Independent, Janet Street-Porter said the popular practice of acquiring a ruined old home and restoring it has become harder to do in recent years, due to a diminishing supply of such buildings and bureaucracy.

In addition to this, restoration is costly and renting such homes out does bring the risk of wear and tear, she noted.

However, Ms Street-Porter added, fractional ownership offers opportunities for Tuscany property seekers who can enjoy spending time in the region for less cost and not have to foot maintenance or repair bills.

She gave as an example of such a prospect the Borgo di Vagli hamlet, which architect Fulvio Di Rosa has restored, with the homes in it available on fractional terms.

Earlier this year, the Italymag.co.uk property index revealed that Tuscany is the most popular part of Italy in terms of adverts placed in the publication.

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Normandy property set for faster ferry access

Thursday, April 23rd, 2009
A new high-speed cross-channel ferry service designed to rival budget air services has been unveiled.

In a move that may interest Normandy property investors and others looking to buy in the north of France, LD Lines has announced the launch of a 112-metre catamaran ferry that will carry freight, cars and foot passengers faster than any ferry that has yet crossed the Dover straits.

Spokesperson for the firm Nick Stevens said fares will be competitive with low-cost airlines and the lack of airport procedures will mean journey times are shorter with the new faster ships.

"Travelling by car, by ferry and now particularly by fast ferry, provide the traveller with so many unique advantages," he stated.

While LD’s new service will run from Dover to Bolougne from late May, the operator already runs other services to the Normandy ports of Dieppe and Le Havre.

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Survey shows foreclosed property in the USA most available in sunny cities

Thursday, April 23rd, 2009
The ’sun belt’ cities account for most of the metropolitan areas with the highest levels of foreclosures in the USA during the first quarter of 2009, new data has indicated.

A study by homes research firm RealtyTrac has shown that the 26 cities containing populations exceeding 200,000 with the highest rates of repossession were in the states of Florida, California, Arizona and Nevada.

Those seeking property in the USA through the foreclosed bargain route may consider Las Vegas, which saw filings posted on 4.48 per cent of homes during the first three months of the year, the highest figure for any city.

Merced in California and Cape Coral-Fort Myers in Florida were second and third respectively.

Such trends and the accompanying impact on prices has already started enticing investors in property in the USA, noted RealtyTrac’s chief executive James Saccacio.

He stated: "Sales activity appears to be increasing in some of these markets as home prices have fallen to levels that are attractive to first-time homebuyers and investors."

Earlier this month, president Barack Obama stated that there will be more foreclosures to come in the months ahead as the effects of the recession continue to be felt.

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Costa del Sol property in tourism boost?

Wednesday, April 22nd, 2009
Malaga is likely to be one of this year’s holiday hotspots, it has been suggested, something that could bolster the Costa del Sol property scene.

The managing editor at airport hotels and parking firm Holiday Extras Mike Whiting said that Spain is the "top destination" for Britons this spring, noting that "Malaga is a big player" within the national market.

Such a comment may indicated that the Malaga area is a good one for Costa del Sol property seekers interested in holiday rental homes to consider.

Malaga is not the only city in the Costa del Sol to have been hailed recently as a good news story.

Marbella was recently described by James Gonzalez of Obelisk Investment Property as a place that is "fast regaining its status as a world class tourist spot and second home destination", Off Plan Property Exchange reported.

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Antibes a popular French Riviera property destination, says expert

Wednesday, April 22nd, 2009
Britons keen on French Riviera property frequently turn to the town of Antibes, it has been stated.

Representative from the Antibes Juan-les-Pins tourist board Lucy Howard said the area is "very popular" with visitors and residents from the UK.

She added that it is good for property, noting: "You can find everything from luxury villas to small, modern flats. It’s a very multi-cultural community so people are very well accepted there."

Among the features she noted Antibes has to offer are a €1 bus service to Nice Airport, a museum dedicated to Pablo Picasso - who lived in the town in the 1940s - and the annual jazz festival in July, which will take place for the 50th time this year.

The Antibes Juan-les-Pins tourist board has listed Yachting as one of the main attractions of the town, which is situated between Cannes and Nice.

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French property seekers advised of Alsace tourism events

Wednesday, April 22nd, 2009
The Alsace region of France is set to stage a wide number of events this summer, a representative of tourism promotion firm Alsace in the UK has stated.

Spokesman for the organisation Tony Oliver said that this year will see the centenary of the production of the first Bugatti car in Molsheim near Strasbourg, commenting that "any car lover should be there".

He added that the International Beer Festival is to take place in Strasbourg this year instead of its normal venue of Montreal, while the Tour de France also passes through the region.

Such events may attract French property seekers keen to enjoy some good events in the coming months.

Mr Oliver also noted the numerous cycling opportunities and tourist routes that are on offer, with these being based on products including wine, chocolate, fried carp, cabbage and asparagus.

French property buyers may also be interested in the region’s wines, which are to have a stand at the London International Wine Fair next month.

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French Riviera property growing in affordability, figures show

Tuesday, April 21st, 2009
New data has indicated that prices for French Riviera property have fallen, something that may offer investors new opportunities to buy.

Data from the French estate agent’s association, FNAIM’s, latest housing market report has revealed that apartment prices in Toulon fell by 19.3 per cent in the past year, while in Cannes they dipped by 13.7 per cent, Homes Overseas reports.

Such prices could provide many French Riviera property bargains to investors.

Some of those making properties available for sale in the region are Britons looking to offload their second homes, the Guardian reported last week.

Local branch chairman of FNAIM Jerome Renaud said of such UK owners: "Many of them tell me they want to sell their second homes to secure their main homes in the UK."

The paper noted that two years ago Britons represented three per cent of the Riviera’s market for villas and eight per cent for apartments.

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