French property buyers given top tips

Thursday, May 28th, 2009
Good research and finding English-speaking notaires are among a series of tips provided to French property buyers by an overseas investment portal.

French Property News said a key move for purchasers is to study closely the area in which they wish to buy, noting that to simply target a region such as south-west France would be to ignore the variety within the region from the Biarritz beaches to the Pyrenees.

The portal advised a wise tactic is to "scour" the market for the best agents, some of whom might be little known.

Being honest with agents over matters like budgets and using their contacts to get the best service is another helpful measure, which can save time and obtain good services, like English-speaking notaires.

Such advice may prove useful for those looking to invest in property in the country.

French prices have become more affordable in the last year, according to the latest Knight Frank global house prices survey.

This revealed that in the 12 months to the end of the first quarter of 2009 the average value dipped by 5.7 per cent.

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Florida property buyers advised to check up on foreclosed property

Wednesday, May 27th, 2009
Florida property seekers buying foreclosed homes have been advised of how to avoid any unexpected additional costs.

US real estate firm Findire.com has noted that such properties do not have a guarantee for their condition from the seller.

It advised that those who buy should appoint an appraiser to make sure everything is well with the house, such as the utilities being in working condition.

"This will save the buyer from any unnecessary expenditure when it comes to maintaining the property," the company noted.

Findire also stated that Florida property investors looking to the rental sector should make sure they are doing so in the right location to ensure they achieve the income they are looking for.

Those seeking new build properties may find Orlando a good place to look, according to new figures.

Housing research firm Metrostudy noted that the Florida city had one of the highest levels of unoccupied new dwellings in the US, the Orlando Sentinel reported.

Metrostudy’s chief economist Brad Hunter said this situation is having a downward effect on prices.

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Do homework, overseas property buyers advised

Tuesday, May 5th, 2009
Those buying overseas property should ensure they carry out sufficient research before committing their funds and signing on the dotted line, it has been stated.

Chief executive of the Association of International Property Professionals Paul Owen issued such advice following the case of a British couple who lost land they had bought in a property dispute in northern Cyprus.

The case saw a court rule that a Greek Cypriot man who was forced to leave when Turkey invaded and divided the island in 1974 is the true owner of the plot.

While the legal situation concerning northern Cyprus is "an extreme example", any overseas property purchase should be treated carefully, Mr Owen said.

He stated: "It serves as a timely reminder to anybody that, no matter where you’re buying, you really need to do your homework and get independent legal advice."

The two halves of Cyprus have recently been holding talks about possible reunification of the island.

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