Property Abroad Reveals Top-Ten Locations

Up and coming overseas property portal has revealed that America has become the second most popular both in terms of properties being viewed and properties being enquired about. Another surprise in figures released by Property Abroad is that Spain remains the most popular country in the world with those looking to buy overseas property. According to Property Abroad's traffic and enquiry figures, the top ten most popular destinations for those looking at buying overseas property is as follows:

Spain
America
Cyprus
Portugal
Turkey
France
Brazil
Italy
Greece
Cape Verde

Liam Bailey, Property Abroad's chief market analyst gave his thoughts on the figures:

"I know some people will be surprised by America being the second most popular country with those seeking an overseas property purchase, but not me. A few months back I saw the trend beginning, when A Place in the sun magazine listed America as climbing 7 places to 4th most popular in their overseas property survey. This was then because of American property prices plummeting at the same time as the dollar crumbled against the pound making American property purchase a particularly financially sound move. It seems this trend has not been affected by the two currencies going in the opposite direction. I suspect America has remained popular despite the currency u-turn, is because many American markets have bottomed out and are predicted to have v-shaped recoveries, investors are therefore buying while prices are low and planning to reap the profits."

"Another reason for America's popularity:" continued Bailey, "is the fact that many developers facing bankruptcy are currently slapping massive discounts on their properties to obtain quick sales, setting shrewd purchasers up for great profits when the market's they purchase bargains in recover -- which is inevitable if unpredictable. One thing I am surprised about however is Spain being number one most popular; surprised more by the fact that it shows there are still masses of British people looking at buying overseas property. Other than that, my guess would have had Turkey in 3rd, Cyprus in 4th and Portugal in 5th, and the rest is pretty much par for the course."

Find out more about the hottest overseas property locations in the world.

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Property in Italy

Buyers thinking of purchasing a property overseas may wish to consider looking into the options available in Italy. According to the BuyAssociation website, the Mediterranean nation is an attractive option for investors and for those who want a second home for lifestyle purposes.

The online portal noted that the south of Italy is a particularly popular emerging market, with regions such as Calabria drawing a great deal of interest. This part of the country has a number of attractions, such as the good weather, beautiful scenery and a solid rental market. Having a steady demand for the property from tourists and locals may make an area such as this worth considering for those focusing on the investment potential of their homes overseas.

BuyAssociation commented: " Italy has stepped away from the cliches and stood up to its detractors to bring a fresh face to the overseas property market."In related news, the Daily Telegraph recently pointed to Sicily as an area that could experience growth in the next few years due to golf tourism.

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Turkey attracts British holidaymakers

More and more leisure travellers from the UK are choosing to visit Turkey, analysts have revealed.

According to the Association of British Travel Agents (ABTA), there has been a 20 per cent increase in the number of bookings for holidays to Turkey this year.

The organisation believes this is because the strong euro has put people off visiting Mediterranean countries in the eurozone, such as Italy and France.

Since Turkey offers more favourable exchange rates, visitors can enjoy similar attractions at a relatively low price.

Speaking to the Scotsman, ABTA spokesperson Frances Tuke said: "Turkey has been a popular market this year, because it is outside the eurozone and British travellers are now familiar with it."

She added that people are not willing to let the economic downturn in the UK force them to give up their holidays.

This comes after price comparison site Cheapflights revealed that it has also seen an increase in the amount of interest in Turkey.

Figures show that in the last 12 months, the number of people looking for information on areas such as Dalaman has risen by more than 17 per cent.

News brought to you by Property Abroad - specialists in Overseas Property Investment

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Property in Italy

Italy represents the best of historical Europe wrapped in a modern garment. The history, culture, and traditionalism associated with the country acts as a catalyst in terms of property investment in Italy - add to this a tinge of fashion powerhouses based in Italy, and you have a perfect recipe for one of the best European investment destinations. The unspoilt countryside and historically modern cities of Italy lend an unequivocal charm to the prospective property investors, both local and overseas.

What Makes Italy a Hot Investment Destination?

Italy has always been one of the top hotspots on the world property map. The formation of the European Union (EU) and the subsequent Italian membership has acted as a catalyst for potential property investors. All kinds of property – residential, commercial, industrial, and holiday resorts, have suddenly become very sought after for the foreign and domestic investors.

Italian property is particularly popular among the UK investors mainly because of the lure of the laid back continental lifestyle and easy accessibility to the country. The trend has been ideal for the past decade or so with major airlines increasing daily flights to and from the country.

Whenever there is talk of Italian property, Tuscany cannot escape a mention. This picturesque area of Italy has long been a favourite among settlers due to the beautiful rolling countryside and over-hype exposure afforded to it by the Italian authorities. Resultantly, the Tuscany property market has increased in value and is often beyond the reach of the average property investor - Tuscany has become a victim of its own success. Recently, the area has witnessed a slowdown in property and real estate and experts are advising a cautious approach to the market.

If Tuscany remains elusive, the rest of the country beckons like never before. Italian countryside is particularly drawing huge investors’ interest and the enquiries for Italian countryside property have been flowing in from all parts of the world. It’s not just Tuscany that is bearing the brunt of inflated property prices, in fact, all major Italian cities, including the capital city of Rome, are proving too hard for the investors to think of any kind of investment there.

The greatest demand, currently, is for villas and mansions in the Italian countryside - preferably requiring some modernisation work. The relaxing and inviting environs of this part of Italy are alluring to holiday makers as well as the second home seekers.

Hottest Investment Destinations in Italy

Italy has always been a tourist hub with some of the most picturesque and natural man-made features dotting around the countryside. The water bodies, like Lake Como and Maggiore, offer a perfect backdrop for idyllic investment opportunities around the area. The snowbound ski slopes at Madesimo and Aprica are always a great getaway for the locals as well as tourists in the country.

It is estimated that around 75% of the country is mountainous. Perhaps, this explains the craze for the natural beauty laden Italian countryside as the hottest investment destination in the country.

Southern Italy is perhaps one of the best places to invest in the country. Calabria has emerged as the next hotspot destination as far as Southern Italy is concerned. With hordes of investment coming, the fortunes of this sleepy region are poised for a major property boom. You can look forward to both newly built and traditional Italian architecture as well as a vast unspoilt landscape dotted with a picturesque environment. If you are a little adventurous, there are lots of traditional properties in this area that can be easily converted into lavish holiday homes.

The island of Sardinia is a perfect getaway zone in Italy. Famous for the multi-million Euro villas owned by Russian businessmen, the island is slowly catching the fancy of the average investors too. The island also hosts the Italian Golf Open at the picturesque Molas Resort near the capital Cagliari. Costa Paradiso in the northwest is a fast emerging investment hotspot due to its unique rural backdrop. While in Sardinia, you can look out for the restored village houses, detached villas, and luxury villas. The attractions include new Gary Player Signature Golf Course, Five-Star Hotel and Spa and Private Beach Club.

Central Italy, constituting Le Marche and Abruzzo, are being increasingly seen as viable and good alternatives to mature Tuscan property market and offer excellent value for money. The properties in Central Italy are available at almost half the prevalent price of nearby major cities.

By far the most attractive opportunities in terms of property and real estate investment in Italy is the countryside properties that can be renovated or converted into holiday homes. These properties are available at relatively cheaper rates and can be easily converted. Since there is no shortage of tourists in the country, the resort properties will give maximum rewards throughout the year round. The key, however, is to find the property that constitutes maximum value for money, and for this, you need to study the local property market thoroughly before investing in any region in Italy.

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