Spanish property in Palma recommended

Tuesday, July 28th, 2009
Palma has been recommended as an excellent location for those seeking Spanish property.

The capital of Mallorca offers Spanish property seekers a host of options for both city lovers and those who prefer the quieter island life, with many bargains still to be found, according to the Times.

A luxury Spanish property in Santa Maria, 15 minutes drive from Palma, is recommended, having fallen in price from its original asking price of £1.5 million to just £872,000.

Meanwhile another classic Spanish property, this time in neighbouring Santa Ponsa, offers gold lovers a home away from home, being set in a gated community with its own golf course.

Finally the newspaper recommends a two-bedroom townhouse, also in Santa Posa, which offers over 100 square metres of space, an open fireplace and terrace views and three bathrooms, all for £385,000.

Palma is a popular holiday destination for those seeking a Spanish property vacation, combining history, culture and modern living in a vibrant urban setting.

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Portugal property recommended for a home in the sun

Monday, July 27th, 2009
Sun-seekers should consider Portugal property when investing in a holiday home, it has been claimed.

While Portugal property prices may have fallen less than those for Spanish property, there are still plenty of bargains to be found in the region and plenty on offer for those seeking fun in the sun, according to the Guardian.

Property expert Graham Norwood writes: ‘Britons seeking a bargain holiday home in the sun may look to Spain or France, but they shouldn’t ignore one of Europe’s more salubrious locations.

‘If you reckon Portugal is merely an upmarket version of Spain, think again; it has a different philosophy to its Iberian neighbour.’

Plus points to investing in a Portugal property include strict limitations on coastal building, ensuring beach areas do not become over-developed and that tourist demand for such properties remains high, according to the newspaper.

Travel Agency On The Beach recently claimed that UK holiday-makers are not being put off going abroad for their summer vacation, despite the economic downturn.

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News presenter loves Spanish property

Monday, July 27th, 2009
Broadcaster Selina Scott has given two thumbs up to Spanish property after investing in a dream home abroad.

The news presenter bought a Spanish property on the island of Mallorca two decades ago after deciding to escape the rat race of London and has never regretted her decision to find her own place in the sun, according to the Times.

Ms Scott tells the newspaper: ‘I clapped eyes on the honey-coloured Mallorcan farmhouse one August morning 20-odd years ago.

‘I can walk from my house straight into the hills on footpaths […] [and] the same paths branch off to the sea, to a rugged shore and golden beach.’

Ms Scott adds that her Spanish property is a far cry from her former life in London as presenter of the BBC’s Breakfast Time, which saw her rising at 03:00 each morning to get to work on time.

Robin Wilson, head of overseas at Rightmove.co.uk, recently claimed that Spanish property is an excellent choice for British ex-patriots because of the lifestyle it affords.

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Hemingway home offers Florida property ideas?

Monday, July 27th, 2009
A little literary inspiration may prove helpful to some Florida property seekers on the hunt for their Sunshine State home.

Bookworms and Florida property-seekers alike should consider a trip to the Ernest Hemingway Home and Museum in Key West, where one of America’s most famous lived and wrote for ten years between 1931 and 1941.

The luxury home features a 65-foot swimming pool, installed by the author himself at a cost of US$20,000 (£12,123), which remains the largest in the Key West region.

Other statement pieces which may give Florida property hunters expensive ideas include original French chandeliers and Hemingway’s vast art collection, which features a replica of the famous cat sculpture gifted to the author by Picasso.

However, anyone with cat allergies may want to skip their trip around the posh Florida property, as 60 descendants of the author’s original feline companions still inhabit the grounds.

Recent figures from the Office of National Statistics place US destinations, such as Florida property vacations, as the third most popular choice among holidaying Brits.

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French property market lifted by euro-loving Brits?

Friday, July 24th, 2009
The French property market is still alive and kicking, thanks in large part to British buyers and sellers taking advantage of the exchange rate, it has been claimed.

According to UK-based French property specialists Latitudes, British residents investing in French property in the past few years have seen an increase in the value of their second home due to the euro’s current strong standing against sterling.

Latitudes’ Chris Bishop tells the Independent: "The euro has strengthened against the pound and this means that Britons who have bought in France have enjoyed an uplift.

"Quite a few are looking to cash in which ensures a steady supply of new instructions."

British investors are still entranced by French property, according to the newspaper, which cites the country’s long summers, history and culture, food, wine and stunning countryside as being among its many attributes.

Recent figures from the Office of National Statistics confirmed the popularity of French property and Spanish property, with the two countries shown to gain the lion’s share of UK tourism.

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Florida property rental proves lucrative?

Friday, July 24th, 2009
Real estate investors with Florida property are surviving the recession by renting out houses from their portfolios, it has been claimed.

Florida property rentals in the West Palm Beach area form one of the top two most lucrative homes-for-hire markets in the US alongside celebrity-haven Hollywood, according to a forthcoming article in Forbes magazine.

According to Thomas Francis, in his New Times blog: "You pay $500,000 (£303,721) for a structure with four apartments that generate $1,200 each in monthly rent, which comes to an annual total of $57,600.

"Take away a five per cent allowance for vacancies and eviction costs and 10 percent for property management fees. That leaves $49,000."

He added that Florida property buyers should also take factors such as property taxes, capital improvements and maintenance costs when working out the numbers for their future Florida property empire.

Anyone investing in Florida property will be living in one of the 67 counties that make up Governor Charlie Crist’s constituency.

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Portugal property seekers told to get real

Friday, July 24th, 2009
British people seeking Portugal property may want to take heed of some newly-published top tips for buying a place in the sun.

The key element to a successful holiday purchase is to remain realistic, according to Shelter Offshore, which advises Portugal property hunters to take five simple steps to second home success.

Portugal property hunting may seem like fun in the sun, but potential buyers are advised to make some for some serious number crunching too, by sorting out all money matters before they leave the UK and sticking to their budgets.

Spending time in potential locations is also recommended, as is checking the cost of flight routes to the nearest airport to the Portugal property destination being considered.

Finally, the magazine suggests going back to the books to think about any hidden costs, while all owners are advised to have an exit strategy in case unforeseen events arise.

Portugal has a population of 10,566,212 and a land area of 92,391 square kilometres.

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Employee flexibility provides Italy property boost?

Thursday, July 23rd, 2009
People seeking Italy property as a holiday investment may be interested to know that British employers are reportedly becoming more accommodating over holiday dates.

As new research revealsthat many employees choosing an Italy property for their holiday this year will take their work with them, John Lewis and Waitrose claimed the culture change had resulted in increased holiday flexibility from employers.

James Furse, John Lewis and Waitrose director of card services, said: "I think now people are a lot more flexible in how they choose to work and live their lives.

"There is much more mobility in when people take holidays. People don’t just take the summer holiday as two weeks in the summer - it could be two weeks in December."

A recently-published study from Hotels.com found that British employees on holiday will spend up to a billion hours of their vacation time each year working.

Meanwhile, 55 per cent of those on holiday in Italy properties this year will find it impossible not to check in with the office at least once, according to the figures.

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Spanish property retains attraction for Brits?

Thursday, July 23rd, 2009
British people are drawn to invest in Spanish property because of the lifestyle the country affords, it has been claimed.

Spanish property is considered a good buy for ex-patriots because of the home away from home communities that can be found at locations across the country, says Robin Wilson, Head of Overseas at Rightmove.co.uk.

Commenting on the current state of the property market in the country, Mr Wilson said that despite recent price drops, "Spain appears to be maintaining its attraction for Brits".

"Spain retains its image as ex-pat friendly with a strong English influence, good legal infrastructure and the stability of being part of the EU", he added.

It may be an opportune moment for bargain-loving Brits to invest in Spanish property, with recent Currency Index figures showing the price of the average two-bedroom apartment in the Costas is now 30 per cent cheaper than 12 months ago.

Further figures from the organisation reveal mortgage costs for Spanish property fell by 54.3 per cent in the last year.

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Owners realising rental value of French property?

Thursday, July 23rd, 2009
The number of people placing their holiday homes up for rental, including those with French property, is steadily increasing, it has been claimed.

More and more people are realising the potential letting value of second homes abroad, with French property among the growing amount of overseas homes finding their way onto the rental market, according to holidaylettings.co.uk.

Spokesperson for the website Kate Stinchcombe commented: "Our gross comes from people advertising their holiday homes for rental and we are growing at a rate of a thousand new properties a month.

"Lots of our growth has come from people who have owned their second home for quite a long time but have not previously realised that it had a value."

She added that a recent survey of people with holiday homes by the website revealed that 43 per cent were using the extra income generated by French property and others to help pay off their mortgages.

Recent figures from Holiday-Rentals show that French property in the Cote d’Azur region is one of the top ten destinations for holiday-let travellers.

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