There is little doubt that 2011 has been a testing year for the overseas property market. Without doubt there have been some incredible bargains to be found in locations across the globe, but the progress that could have been made in many areas has been halted by a severe lack of economic confidence or an [...]
It is no secret that Greece is in a great deal of trouble financially. But perhaps few could have predicted what has been suggested recently – that the Acropolis could be rented out in a bid to pay off some of the countries debts. The ancient archaeological treasures could be used for advertising businesses and [...]
The luxurious properties situated within the French Riviera fell in price during 2011, according to a leading estate agent in the region. Their figures recently revealed that prices fell in the French Riviera and Monaco by over 5% in the last year, despite the rate of sales increasing. Transactions were up by over 16% during [...]
Interest in property in the USA grew the most out of any other country during 2011, driven by Florida's depressed property market and a dollar investment becoming more attractive than investing in the turbulent Eurozone, according to a leading information provider. An end of year report by The Overseas Guides Company (OGC), which produces guides [...]
Following months of dispute between budget airline Ryanair and the Catalonian government, which saw most routes from Girona stopped over the winter, agreement between the two sides has finally been reached. Ryanair announced 19 new routes from Girona from the end of March 2012, increasing the total to 59. They promise to bring around 3 [...]
Anyone looking for a Portuguese home near a beach will welcome a new promotion highlighting every beach along the Algarve. The on-line promotion, organised by the Algarve Tourist Board, is called The 1001 Beaches of the Algarve and began on 2nd January. Every day the tourist board is adding a detailed blog post, complete with [...]
Anyone buying property in Greece and planning on renting it out to holidaymakers would do well to acquaint themselves with the Greek law concerning the EOT or 'Elliniko Organismo Tourismo' licence, especially given the cash-strapped Greek authorities are clamping down heavily on rented properties that are not licensed. EOT licenses provide a valuable income stream, [...]
Anyone considering a visit to Cyprus in coming weeks, whether for a holiday or to look at property, should bear in mind the Cyprus Air Traffic Controllers' Union, PASEEK, has plans to strike before the end of January. PASEEK, is protesting its members inclusion in the austerity measures which the Cyprus government has devised [...]
Property prices in the USA are continueing to fall, as there has been a rise in the number of distressed sales. The average cost of a home in America reduced by 1.4% month-on-month in November, new reports from the Home Price Index show. This included the sale of distressed homes. A chief economist for CoreLogic, [...]
Istanbul in Turkey has been named as a potential property hot spot in 2012 in a new City Investment Guide. In the guide, 2012 is predicted as being a great year to buy property in Europe for knock-down prices. That said, not every country in Europe is suffering from the global crises – and Turkey [...]