Top 10 overseas property locations so far in 2009

Overseas property portal Property-abroad.com have revealed the top 10 most popular countries in the first quarter of this year, in terms of searches for property on their site. It is surprisingly different from their results for the same period in 2008, and their results for April released last week.

The biggest surprise is that the 1st and 2nd most popular countries for Q1 and on into April, Spain and America, have switched positions since Q1 2008, that is to say that America was most popular and Spain second most popular in Q1 2008.

"This is not what people would have expected; American property continues to get cheaper and cheaper, making it more and more popular. Other surveys have recently showed America becoming more popular as this process continues.

Our results show that America's rising popularity peaked last year, when prices fell sharply but the UK was still in relatively good economic shape. Since then the UK has fallen into recession and the Pound has weakened against the dollar," said Les Calvert director of the portal.

Not so much a surprise but definitely worth mentioning is Turkey's climb from 10th most popular in Q1 last year, to 5th most popular in Q1 this year and 4th most popular in April this year.

Canada has been knocked out of the top 10, replaced by Australia in 10th place between Q1 last year and Q1 this year, Bulgaria climbed from 9th to 8th, and France fell massively from 4th in Q1 last year to 9th in Q1 this year. Other than that the results are pretty constant.

The full results of Property Abroad.com's annual quarterly results are as follows:

2009

• Spain
• America
• Portugal
• Italy
• Turkey
• Cyprus
• Greece
• Bulgaria
• France
• Australia

2008

• America
• Spain
• Portugal
• France
• Italy
• Greece
• Cyprus
• Turkey
• Bulgaria
• Canada

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100Billion Euros gives German Property Investors Hope

The German Government is about to unveil a multi-billion Euro fund to assist businesses that can't obtain finance from the banking system, Chancellor Angela Merkel has revealed.

The package -- worth some 100 billion Euros (135 billion dollars) -- is aimed at helping to tide healthy firms over until normal levels of bank lending can be resumed, she said in an interview with Bild am Sonntag to appear Sunday, adding: "We do not need 100 billion Euros of new money because this is about guarantees."

Liam Bailey, chief market analyst for overseas property portal Property Abroad gave his views on the plan:

"Germany has been one of the most robust economies in Europe, but it is beginning to fall victim to the financial crisis; recently recording its first unemployment hike since 2006. Less people own their own home in Germany than any other EU country, so people investing in German property do so because of the solid residential rental market. The down-side to this is that the government is forced to impose and maintain strict controls over the raising of rent in Germany.

"When the German economy was extremely strong, was hoped these controls may be eased. If unemployment was to continue rising these controls could become more severe. Therefore overseas property investors looking at Germany will be hoping the new fund, staves off unemployment before it has a chance to become a problem, and helps Germany make it through the credit-crunch without taking any drastic measures to further restrict rent rises."

Property Abroad have some solid investment properties in Germany, including a tenanted apartment in Spandau, Berlin offering a 6% rental yield. The apartment has been rented out to the same person for ten years, thus the person has a reliable income. A 6% yield is very good for Berlin, though it is likely because the price of the apartment has been dropped for a quick sale. The good thing is: rents in Berlin are so common and so regimented that even if the tenant was to become unable to pay the rent, or was to move out for any other reason, the new tenant would be found quickly without dropping the rental rates.

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Repossessed Spanish Property: Holiday Home Buyer and Investors Dream

Spanish property is currently offering many bargains, as the market crash causes prices to drop 16% with another 15% forecast for the coming year. But the biggest bargains are the Spanish repossession properties. Liam Bailey chief market analyst for overseas property portal Property Abroad commented on repossession property in Spain:

"If you have ever seriously considered investing or buying a holiday home in Spain, repossession properties are like the reduced section of a supermarket 10 minutes before closing time. We are listing properties at 1million Euros below their valuation price. Now, for holiday home buyers these are perfect, imagine having a €500,000 budget, and getting a 1 million Euro villa in Marbella to spend your holidays in for the rest of your life -- it's just incredible.

"But the one I would recommend for investment is a repossessed property in Marbella priced at just €203,037, which is some €580,000 below what it has been valued at. Properties priced that low but yet that far below their value have got to be recommended for investment to be re-sold to Spaniards looking for a home in the area when the area recovers. €580,000 is a big window of opportunity, and when the global economy/Spanish property market starts to recover even if you make half that you have more than doubled your money."

Property Abroad have hundreds of repossessed Spanish properties, the being sold for the farthest below its market value is the one referred to above a repossessed property in Marbella with a valuation price of €1,560,000 being sold for just €477,400.

Property Abroad has repossession properties in Puerto Banus, Nueva Andalucía, Estepona, Duquesa and of course Marbella, find out more by visiting the site.

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Spanish Property Presents Bargains, Tenerife Growth Continues

Spanish property prices could drop by up to a fifth in the next year, according to market experts. Figures from the Spanish Property Owners Guild (SPOG) show that property prices have already dropped 16% and the body is forecasting a further 15% drop in the coming year.

Another study released shows that the number of British people buying property abroad has risen significantly since 2001, and that 54% are buying overseas property as holiday homes or as retirement homes. For these people, many of whom will buy in Spain; further price drops are great news.

While price-drops in Spain are a very negative event, especially for those who invested before the crash, but Liam Bailey, chief market analyst for overseas property portal Property Abroad talked about some of the positive aspects of the drop in prices.

"Spain is still the most popular destination with overseas property buyers, and that is almost completely undeniable owing to the fact that several recent overseas buyer surveys have put Spain in first place. And with Spain's popularity with tourists remaining strong, this translates to higher rental yields on Spanish property. In the current climate, most people are buying-to-hold for the economic recovery, and I would recommend buying a property in Spain with this in mind more-so now than I would have a year ago. If you can get a real bargain, and I mean a good property, cheap as chips in an area not over-developed, buy it."

"Despite the situation in Spain," continued Bailey. "Tenerife property has continued to grow in value; in the middle of 2008 a studio on a resort complex in Los Cristianos could be bought for €57,000. We (Property Abroad.com) are now listing the least expensive resort complex studio in the same area of Los Cristianos for £62,000, which converts to over €67,388, a price rise of £10,000 (just under 5%) in 6 months. Now undoubtedly some of that is because of the change in the sterling/euro exchange rate, but in today's climate a price-rise is a price-rise.

"I am also happy to see Tenerife properties continue to grow in value, because that is what I predicted 6-12 months ago."

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

news articles on Spain

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India Property Price-Drops Good News for Buyers

Developers in India have been forced to drop the price of their off-plan apartment developments, meaning now could be the time to buy property in India, according to overseas property portal Property Abroad. Liam Bailey, their chief market analyst said:

"In my view the current global financial situation has led to one of the greatest bargains in overseas property investment presenting itself in India. The Orchard View development in Rudrapur, India, where the formation of a Special Economic Zone led to the development of some 400 factories in a massive industrial estate right by the development. This was to bring hundreds of workers into the area looking for rental accommodation, of which Orchard View was to help with the under-supply. Now, many of the factories who took plots on the estate have either trimmed their production, or closed their factories altogether and prices have dropped significantly.

"However, no one investing in property now is doing so to make immediate capital gains, or even make gains during the current financial situation, but are investing with the view to making long-term gains. Buying property like this below its market value, is an incredible mid-long term investment opportunity, because they will appreciate massively throughout India's economic recovery, and the re-birth of the industrial estate, during which time the apartments are also set to make impressive rental yields."

The Orchard View development offers 1, 2 and 3 bedroom luxury apartments just outside the Special Economic Zone (industrial estate) from just over £30,000. It is a securely gated 6 acre community, with manicured professionally designed grounds maintained by a professional gardener. The apartment building and apartments are finished to a high standard with marble throughout. The complex, which is close to all amenities, comprises its own commercial centre, restaurant, swimming pool, gymnasium and recreation centre.

Property Abroad has many other properties in India, most of which are priced below their market value and as such excellent investment properties. Find out more by visiting the site.
About Property AbroadProperty Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net. To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

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Research Reveals Sustained Growth in Dominican Republic Property

The Dominican Republic is one of the few countries where prices have continued to grow despite the global financial situation, according to specialist overseas property portal Property Abroad. Liam Bailey, their chief market analyst said:

"In July this year, the Dominican Republic was found to be the most affordable place in the Caribbean to buy property. But even before that the Dominican Republic's popularity with overseas investors and property buyers was exploding. An array of new developments and properties began to spring up at bargain prices, and with astonishingly high mid-long term rental guarantees, as Dominican Republic tourism grew by 5.6% in the first four months of 2008 when compared to the year before. It continued to grow strongly, and has been relatively unaffected by the global situation."

"Because of this growing tourism, and the abundance of bargain properties all making astonishing rental yields the prices of off-plan Dominican Republic property have grown by between 25% and 100% in the past year," continued Bailey, adding: "This is according to my own research; comparing the prices I have on record for properties that were priced from 1 year ago, and the price of the same or similar properties in the same areas now."
According to the same research the immediate growth promised on off-plan properties is also being achieved;

"One example is a 2 bedroom apartment in Sosua, bought off-plan at the beginning of the year for just under £25,000 and now in the final stages of selling just after completion at £50,000, thus the 25% minimum immediate gain on completion is being achieved. The seller requires a quick-sale due to ill-health; more might be possible if they were prepared to wait."

Property Abroad have many excellent properties in the Dominican Republic throughout all the most popular regions. Find out more by visiting the site.

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Bargain Barbados Properties from Property Abroad

Overseas Property Portal Property Abroad have announced the addition of some bargain properties in Barbados. They have Barbados properties, including apartments and villas starting from under £200,000.

Liam Bailey, chief market analyst for the portal said:
"These additions just go to show that the global financial situation is even bringing the possibility of snapping up bargain luxury properties in Caribbean markets like the crème-de-la- crème Barbados. When I first started working in this industry quarter acres of land were being sold for £225,000, on the coast in St Vincent, for Property Abroad to be listing 1 bedroom apartments in a luxury off-plan development with views of the beach on Barbados for just over £180,000 is amazing."

The development Liam was referring to is the Lakes village development, offering 1 bedroom apartments in Barbados' St Peter's for just £182,066. The Lakes village is situated on the high ground above mile & a quarter.

The village will be closed and become its own community, holding its own events while taking its own part in any regional events. The village, which also offers 2 and 3 bedroom apartments as well as detached 1, 2, and 3 bedroom villas, boasts a whole range of facilities and amenities including: a village hall, clubhouses, swimming pools, tennis courts, communal barbecues with gazebos, a wellness centre and a lakes centre with restaurant.

Another bargain Barbados property brought to you by Property Abroad is the 1 bedroom apartments offered within the Merricks Hotel Spa and Residence, located in the fantastic Merricks Cove and priced from just £225,000. Merricks Hotel, which also offers studios and 2 bedroom apartments, as well as cliff-top villas and Cabanas, is a particularly good buy because it has its own beach and a fantastic cliff top location in the stunning south east area of Barbados with only a 15 minute car journey to the International Airport and fantastic sea-views. The occupants receive the full benefits of all the 5* hotel and spa facilities, including spas, tennis-courts, swimming pools and much more.

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World Bank Loan May Boost Polish Resale Market

The World Bank has agreed to give the Polish government the €975 million it asked for in the summer to help fund a series of fiscal reforms and wider economic changes aimed at improving conditions for businesses, develop more skilled workers and making public finances more efficient. The World Bank is also willing to send experts into Poland to help the government implement the changes.

Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the news:

"Poland is a very hard market to predict, but one thing that is for sure is that the type of reforms this money is to fund are badly needed. Millions of Polish citizens dispersed throughout Europe in search of employment that would pay decent wages, because of the gap between house prices and incomes brought on at least in part by Poland's appearance as an international property investment destination , and also in part by the government's failure to prepare for the emergence of such a gap. The inability of Poles to obtain mortgages was also a major problem, but this was also down to their having low incomes compare to house prices."

"If these reforms can increase the ability of working-class Polish citizens to make a decent living in their own country," continued Bailey. "Then it could prove to be very good news for the Polish resale market in years to come."

Property Abroad have some excellent properties in Poland , and according to director Les Calvert, the portal still receives a fair share of enquiries about Poland, when asked if these enquiries were primarily investors, Les replied:

"No, to be honest it's not fair to say primarily any type of buyer; it's a bit of a mix really."

Les also took the time to select his favourite Polish property:

The Bison Estates development is an off-plan complex of semi-detached and terraced houses priced from just £22,750 for a 1 bedroom unit. The development is located near Krakow and also close to a beautiful Polish nature reserve. The 1 bedroom units come complete with: Bathroom, Lounge, Garage, Parking Space, Driveway, Gardens, Central Heating, Double Glazing, Electricity and Telephone Points Installed.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

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Credit-Crunch Should Boost Overseas Property Investment

With the credit-crunch still showing no signs of abating, it is time to restart the boom in overseas property investment, according to one industry expert.

Liam Bailey, chief market analyst for overseas property portal Property Abroad said:

"The effect the global credit-crunch has had on overseas property markets has been nowhere near as bad as it could have been. But one negative effect that I have seen is that it has caused a lot of people who bought overseas property as an investment in the last 2 years putting their properties back onto the market, in a flurry of panic. This has been especially true in established markets. But as the credit-crunch has grown worse, overseas property has continued to become an even more favourable investment -- especially for those with substantial savings. "

"There are still many opportunities to secure guaranteed rental yields of between 6 and 10% per year for between the first two and three years of the investment, far higher than the annual interest of any bank at the moment. After the guaranteed rental yield ends the credit-crunch should and probably will be over -- though several recent surveys show it isn't affecting tourism anyway. I would definitely recommend that those who have substantial savings buy overseas property in emerging markets -- preferably with guaranteed rental yields."

Liam went on to recommend Panama property, and the off plan Bala Beach development, in particular for investment in the current climate.

"Bala Beach is in an excellent location, which is far from over developed. Though the properties have no guaranteed rental yield, their location and Panama's popularity with American tourists, mean that professional rental management will see these apartments easily fetch an 8% rental yield. Panama's economy is proving resilient against the current situation, and should see another boom when the canal expansion is completed. That coupled with Panama being the number one destination for American retirees, means these apartments will be easily sold on the resale market when investors execute their get-out strategy."

Bala Beach is a luxury resort style apartment complex, located right by one of Panama's finest Caribbean beaches; in Chiriquí. Property Abroad is listing 1 bedroom apartments in the complex from just £44,000. The development features many activities and amenities, including a swimming pool, tennis courts, Jacuzzis, a fully equipped fitness suite, and a sauna.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

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American Property Becomes More Appealing

The US Federal Reserve announced last week that it would cut the federal funds rate from 1% to between 0 and 0.25%, a move that should lower the cost of mortgages and make a US property investment even more appealing.

Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the announcement:

"This is yet more good news for the American property market; with the Pound continuing to fall in value, and the Euro at round about the same exchange rate, US property has been becoming more and more appealing to European and British overseas property investors. The latest rate should serve to make it even more attracting by lowering the cost of mortgages. Most people considering an American property as an investment are aware that it may take several years to make any real capital gains, if they will accrue less interest on their mortgage over this period than before, this will make the investment even more profitable.

"With that in mind, continued Bailey. "New figures released by California's Department of Finance show California's population has climbed massively in the past few years, so California could be the state to focus on for overseas investors, because when the US market starts to recover, vis-a-vis when property prices start to rise again, it is likely the economy will be recovering also, and those who have moved into rent, could be ready to buy homes."

Property Abroad have some excellent American properties for sale and to rent, including director Les Calvert's star buy:

A luxury 2 bedroom apartment on the five-star Kissimmee Island resort in Orlando. This is perfect for those looking to invest in American property now while prices are low and cash in whenever the opportunity presents itself. According to the developer, the prices of these apartments are now 54% less than their 2005 launch price, which is also less than build costs. At just £100,000 a blind man in the dark could see that they are a bargain, which will reap significant rewards when the US economy experiences its next boom -- not to mention the 6-8% rental yields they will be making in the meantime.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

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Bulgaria Sixth Most Popular with Overseas Property Buyers

It has been revealed by overseas property portal, Global Edge that Bulgaria is sixth most popular among their 1.4 million visitors. According to Liam Bailey, of Property Abroad this news comes as quite a shock:

"Bulgaria has been receiving very little but negative analysis in the past few months. But analysis and analysts don't matter; buyers do, and apparently with buyers, Bulgaria property has lost very little of its sheen. I doubt these people are making pure investments in Bulgaria however, though this would be easier to know for sure if data on Bulgarian regions had also been revealed. Properties can be picked up for ridiculously small amounts of money in some of Bulgaria's rural areas, it may be that these are being bought purely as investments.

"I believe that investments are only being made in the less well-known areas because of my past research for a private seller who wanted to know what price he should sell his apartment for; I found the market to be saturated with mid-low priced apartments, especially on resort style developments near the slopes. This was causing prices to fall as oppose to climb. I therefore believe that Bulgaria's status as sixth most popular destination with Global Edge visitors lies primarily with those buying holiday homes at now much-lower prices, possibly with an eye on long term gains and decent rental yields."

Property Abroad has some excellent properties in Bulgaria, including the fantastic Sea Breeze development. Located near Bulgaria's Black-Sea coast in the newest part of the coastal village, St Vlas, Sea Breeze offers 1 bedroom apartments from just £32,735.

The location of these apartments, i.e. in an area not facing over-supply, and within easy reach of all the tourist attractions on the Bulgarian Riviera and their high build quality means that if they are well marketed they should be able to bring their buyers strong rental yields, and depending on whether the area does become over-developed, may even bring a capital profit over a period of 5-10 years. It is however unlikely that immediate capital gains will be possible.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

news articles on Bulgaria

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Croatian Property Market Boosted by Government Efforts

The Croatian government has been commended for its efforts to encourage foreign investment in the country's property market. Paul Collins of Buy Association noted that the government had done everything possible to bring more overseas property investors into the market; including highlighting the country's tourism potential, and removing obstacles to foreigners buying in the country.

Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the Croatian market:

"The Croatian market exploded during the overseas property boom, but its sheer popularity as people expected EU membership to be just around the corner. This however led prices to be driven up rapidly, to the point where not much room remained for fantastic growth. However, the Croatian market is expected to experience another boom when EU membership is finally granted, and those who buy now, to hold possibly for several years, should enjoy 6-8% rental yields if they choose their Croatia property carefully. Croatia is world renowned for its beautiful beaches, and striking hills and landscapes, as well as a beautiful Mediterranean climate, making it very popular with tourists from around the world."

Property Abroad have some excellent properties in Croatia, including almost completed 2 bedroom apartments just a few minutes from the beach at Rogoznica available from just under £69,000. The apartments come with a parking space, Central Heating, Double Glazing, Gas Installed, Electricity Installed, Water Installed, and Telephone Points.

For people with a bigger budget, the Nautica Apartments complex is a luxury development being built near the new 5-star marina in Novigrad. 3 bedroom apartments in the development are priced from £184,000. This offers excellent value for money given the amenities and facilities on the resort-style development, the build-quality of the apartments, and their prosperous location beside the new marina.

Property Abroad has many more properties throughout Croatia; visit the site to find out more.

news articles on Croatia

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

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Brazil Property Market Best in Current Climate

Brazil Property Market Best in Current Climate

US billionaire Sam Snell has said that Brazil is “the best” market in the world for overseas investors.

Speaking at a business forum in New York December 2nd the chairman of Equity Group Investments explained that Brazil's vast resources and large pool of skilled professionals makes it an extremely attractive option, Reuters reports.

"If you look at all of the facts, I don't think there is a better environment in all the world than Brazil," he said.

Mr Zell added that Brazil has managed to escape the worst effects of the global credit crunch, with confidence remaining in the country's banking and housing sectors.

He revealed that malls owned by Equity Group in Brazil have experienced same-store growth of 12 per cent over the past year.

Liam Bailey, chief market analyst for overseas property portal Property Abroad concurred with Mr Zell’s viewpoint:

“Brazil has been a favourite of mine since late 2007, and the market has remained strong. Many major overseas property funds have invested massively in Brazil, and other sectors have also been invested in heavily -- including a major investment by UK bank Standard Life earlier this year. Brazil is currently one of the most popular countries to make an overseas property investment, both in terms of media coverage and hits/enquiries through Property Abroad, its continued popularity and media coverage will maintain Brazil’s status as a hot investment market, because people buying there will provide a strong resale market when today’s buyers sell up.”

Property Abroad have some fantastic properties in Brazil, including a fantastic beach-front off-plan development in Maracajau, Natal, offering 2 bedroom apartments from just £49,000. The apartments come fully furnished, and the resort-style development has a swimming pool, car-parking facilities, on site rental management and is just 1km from a world class golf-course.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

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Australia Property Boosted by Rate Cut

The Reserve Bank of Australia (RBA), this week announced yet another interest-rate cut because of an expected fall in inflation. RBA cut its cash-rate, the equivalent of the Bank of England base rate, by 1%, taking it to 4.25%, its lowest rate since 2002. Liam Bailey, chief market analyst for overseas property portal Property Abroad gave his views on the rate-cut:

"You don't need to be a rocket scientist to know that an interest rate cut is good news for overseas property buyers, but at a time when more and more Britons are considering immigrating to OZ, this is welcome news indeed. The reason given for the rate cut is a healthy one; that Australia is keen to keep its excellent record on inflation, by keeping it between 2 and 3%. This interest rate cut will not only potentially make mortgages easier to obtain, but perhaps make emigrating to Australia achievable for more people, when it is difficult to sell UK homes, by making taking a second mortgage less taxing."

Property Abroad have some excellent properties in Australia. For those emigrating decent size resale properties start at no-less that £250k, off-plan properties however can be bought for as little as £170,000 in Queensland, which gives an indication of the immediate gains possible on off-plan properties in Australia.

One such property is the Zone development in the centre of Australia's tourism capital, the gold-coast, in the fantastic seaside resort of Mermaid Beach. A 2 bedroom luxury apartment on the five-star Zone Development costs just £170,000. Because of the low prices and their location these properties are capable of attracting rental yields of 10% and over, because of the strong tourism market in the area. And as stated above they have the potential to make an immediate capital gain of at least 30%.

Property Abroad have hundreds of Australian properties throughout all of Australia's most popular regions. Find out more by visiting the site.

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Montenegro Plans EU Accession Before 2009

Montenegro is to apply for full candidacy of the EU before the end of this year it has been announced. During a visit to Bosnia this week, Montenegrin prime minister Milo Djukanovic told a press conference in Sarajevo that the country will continue with its initial intention to apply for EU candidacy before 2009, Reuters reports.

"We are trying to agree on a compromise in talks with France," explained Djukanovic "And achieve what Montenegro has planned - to apply for a candidate status by the end of the year.

"We have got full satisfaction after declaring independence: we have strengthened stability and come closer to our European goals."

Mr Djukanovic said that EU status will reflect the increased social, political and economic stability achieved in Montenegro since 2006, when the country won independence.

Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the news:

"Well that is the moment we have all been waiting for. One of the biggest strengths put forward when I was recommending Montenegro as an investment destination in 2007, was its path toward recent accession into the EU. This has had a massive effect on other property markets in the region: Bulgaria and Estonia are prime examples; their property markets exploded after EU accession with price rises of up to 30% being regularly recorded. It was anticipated the Montenegro would achieve full membership in 2009, if it can do so before it all the better."

Property Abroad have some excellent property in Montenegro , including their star-buy: The Aquavista off plan apartment development. Set on the beautiful shores of Herceg-Novi in Kotor and starting from just £102,000 the Aquavista apartments are quite simply one of the best-buys on the international market. The semi-mature level prices of Herceg-Novi is testament to the level of growth that Montenegro has seen in the past 2 years, this growth can only be accelerated when Montenegro joins the EU.

Property Abroad have many developments in Montenegro, find out more by visiting the site

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Albania Property to be Boosted by Multi-Million Euro Fund

A new property fund has announced it plans to spend 100million Euros in Albania and other countries in the Balkans. Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the announcement:

"Albania has kind of taken a back seat in terms of media coverage of late, and that is not because it has been badly affected by the credit-crunch. Just last month a new international shopping mall was announced in the country, and the economy has largely continued on its path of steady sustainable growth. This is backed-up by this announcement that a property fund will spend 100million Euros between Albania and the rest of the Balkans. But that in itself will provide a massive boost to Albania's property market, even if only in bringing it back into the international spotlight -- not to mention the economic boost and the restoration of buyer confidence."

"The good thing about buying in Albania," continued Bailey. "Is that the economy is growing from a grass-roots level if you like, and the demand for housing from average Albanian's is growing steadily -- if not rapidly -- so buyers of off-plan property now, can look forward to a strong resale market when it comes time to realise their gains."

Property Abroad have some excellent properties in Albania, including the astonishingly good value Homeplan Residences in Tirana, where 1 bedroom apartments are available from just £42,000. Comprising of 1,2, and 3 bedroom luxury apartments, Homeplan Residencies is an off-plan development, located just a few minutes' drive from Tirana city centre. The development's completion is likely to put at least £20,000 onto the apartment's value, and after that appreciation should be in the region of 6-10% per year. As for rental yields, Tirana still isn't spectacular in that respect, because it does not a massive tourism market, but buyers of Homeplan Residence apartments can expect at least a 6% yield.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

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Italy Property Stays in the News

Last week a Telegraph survey found that Italy was the most popular tourism destination in Europe among its readership. And this week estate agency Knight Frank were quoted in the Times as saying that the traditional Italian property purchases such as farm-houses and cottages should take the back-burner to off-plan apartment developments in upcoming markets like Florence.

Also commenting on Italy this week Liam Bailey, of overseas property portal Property Abroad said:

"Italy will always have a strong property market, especially from Britain and especially because of the number of Briton's emigrating every year, who tend to go for Italy, France and Spain, seconded only by predominantly English speaking countries like Australia and Canada. The Telegraph survey last week was excellent news for those considering buying a property in Italy, especially those considering a property investment, or a holiday home to make rental income from when not in use. But if I'm honest, my favourite place to recommend in Italy with those two purchasing groups still has to be the emerging market of Calabria"

Property Abroad have some excellent properties in Italy; in fact Les Calvert, director of Property Abroad, gave us some particularly hot news about Italy this week:

"I asked our chief market analyst Liam Bailey to pick one property each week in a country that he particularly rates, this week it was Italy's turn and he chose the Jewel of the Sea Phase 2 in Calabria."

Jewel of the Sea Phase Two in Bracaleone, Calabria hopes to follow on from the success of its predecessor; Phase 1 which was the fastest selling off-plan development in Europe -- propelling Calabria to the hot-list of European emerging property markets. A completely gated community, Jewel of the Sea Phase 2 comprises of 1 and 2 bedroom apartments in a completely gated community. The resort style development features: swimming pools and an aqua park, clubhouse, restaurants, cafes and a commercial centre.

Property Abroad have many other properties in Italy, including land-plots in Sicily, and many bargain properties in need of restoration with bags of potential.

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Cape Verde Property to Grown and Grow

Described as the "hidden Caribbean" recently by a Lonely Planet author, Cape Verde's recent emergence as a favourite for overseas property investment has been almost completely fuelled by a massive increase in visitor numbers to the region.

Ron Hughes, proprietor of Cape Verde Travel, stated that the differing geography of the island attracts many different types of visitor, which should see tourism levels continue to grow.

Cape Verde offers fantastic white sandy beaches, as well as eco-tourism holidays, mountain walks, cultural life, music, and a rich history. It will also be boosted by the two new flights.

Overseas property portal Property Abroad recently named Cape Verde as the 10th most popular location in the world for those considering buying a Property Abroad for investment and as a holiday home.

Property Abroad have some fantastic properties in Cape Verde, including a fantastic studio on the island of Sal for just £23,370. The apartment block has the benefit of a lettings manager, securing strong rental usage all year round, and ensuring rental yields upwards of 5%.

Property Abroad are also advertising the fantastic Creola Sands; a beach-front development on Boa Vista, offering 1 bedroom luxury apartments from just £62,000. The apartments, which are on a fully equipped resort development with a pool and restaurant among many other amenities, come with letting management and a guaranteed rental yield of 5% for the first two years.

Property Abroad’s star Cape Verde property is a three bedroom, two bathroom beach-front villa in the Dunas Beach resort in Sal Island’s Ponta Preta resort area. Dunas Beach is a fully enclosed and secure luxury resort, right on-top of one of Ponta Preta’s finest beaches. Prices start from £209,966.

Property Abroad have many more fantastic properties in Cape Verde, throughout all regions and all price ranges. Find out more by visiting the site.

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American Properties Offering Fantastic Opportunities

Lawrence Yun, chief economist of the National Association of Realtors, told a press conference that the number of international buyers operating in the sector "may be doubling over the next ten years". Yun also noted that 21 percent of US realtors believe there are more overseas buyers operating in the sector than there were five years ago, with a survey by the association revealing almost half of properties bought have been in the southern states.

Liam Bailey, chief market analyst for overseas property portal Property Abroad gave his views on the findings:

“This was always going to happen, it began about 5-6 months ago when the dollar began dropping severely against the pound and the US was one of the biggest climbers of A Place in the Sun’s overseas buyers survey for 2008. At that time I was regularly quoted as saying that the upsurge in US popularity was so great, and had such momentum that it, in itself was capable of generating a US property market recovery in the most popular areas.”

One such popular area, as identified by the US National Association of Realtors is the southern states, including Florida.

Property Abroad have some excellent properties in Florida , including, for those on a limited budget: an amazing two storey, two bedroom, town-house for just £65,000. The property has a private courtyard, massive living room and dining area with breakfast bar and the upstairs master bedroom has a superb en-suite bathroom. It also has Powder rooms with laundry facility on the main floor, a new roof (still under warranty), new air/heat combination (also under warranty) and a new digital thermostat.

As part of a community the buyers will enjoy use of the community swimming pool and tennis-courts, the fees for which are just $80 per month – this also includes maintenance of the gorgeous grounds and sprinkler system. The property is fantastic value because it is just 60 miles from Disney World.

Property Abroad has hundreds of American properties , throughout all the most popular states; visit the site to find out more.

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French Property Market to Remain Stable

It has been revealed that the overseas property hotspots in Southern France are seeing demand from overseas property buyers continue to outstrip supply. The French National Estate Agents Federation (FNEAF) reports that French property prices overall rose by 7.1% in 2006, 3.8% in 2007 and 1.7% in the 12 months up to July 2008 – making it one of the few places in the world that has seen continual price rises throughout the credit-crunch.

Liam Bailey, chief market analyst for upcoming property portal Property Abroad had this to say of the revelation:

“ France has seen such continued – if steady – increases in property values, mainly because it never really became swept up in the overseas investment boom. In the last 2-3 years thousands of savvy people with a pound to spare decided to put their money into overseas property, but did so, mainly in off-plan properties in emerging markets where prices were incredibly low, and the opportunity presented itself for immediate high-level gains and incredible rental yields. France never exactly offered an abundance of these properties, and so has and will remain to be one of the favorite places for people [especially Brits] buying a resale property as a holiday home.”

The locations noted as being continually successful in terms of overseas purchasers by the FNEAF were, particularly Cannes joined by its Southern France neighbors: Cap Ferrat, Mougins and St Tropez.

Property Abroad have some excellent properties in Southern France, including fantastic one and two bedroom apartments in central Cannes, just a short walk from the areas best known Palm Beach. The apartments, over five floors start at just €282,000 and have terraces overlooking the beach.

Property Abroad have French properties in all regions, visit the site to find out more.

<news articles on French property

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Emigrating Brits - Great News for Australian Resale Market

New research by Alliance & Leicester International (ALI) has revealed that the main reason for people to emigrate from Britain is the weather, and that their top destination is Australia. This research compliments a survey carried out a few months ago, regarding a mass exodus of Britons this year, although that survey also mentioned Canada as a top destination, and was far more detailed regarding the reasons for their emigration.

Liam Bailey, chief market analyst for overseas property portal Property Abroad gave his views on the findings:

"This does not surprise me in the slightest, Australia has long been the top destination for people to emigrate from Britain, but it has been challenged in recent years by a few other places such as New Zealand and Canada. This however is great news for the resale market because people who emigrate buy existing properties from the resale market as oppose to off-plan developments"
For anyone thinking of emigrating to Australia, Property Abroad have some fantastic properties in Australia.

The lowest priced property in Australia currently being advertised by Property Abroad, is two bedroom apartments from £170,000 in the Zone off-plan development on Mermaid’s Beach, Queensland. The resort style development has a swimming pool, full-size tennis court, and is completely secure, including a two-way intercom system to prevent unauthorised access to the building.

The Gold Coast of Australia, receives over 4 million tourists per year, the majority of which visit Queensland during their stay. Luxury properties on a five star resort development such as the Zone, are therefore capable of fetching a 4-6% rental yield, and appreciating by at least 10% per year for the next few years. Immediate value growth once the resort is completed will be at least 15%.

About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact the team at: les@property-abroad.com

<Australian property news

NB: Please feel free to use any of our articles on your website but remember to create a link back to our website or we will ask you to remove it

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Credit Crunch Could Boost German Property Market

According to a survey by travel portal kayak.co.uk 60 percent of Britons have no intention of cancelling their winter holiday plans because of the economic downturn. Meanwhile, Grahame McKenzie of tourism website Travel Mole, has predicted that the global downturn will cause Britons to holiday in locations within Europe, such as Spain and Italy, naming France, Italy and Germany, he added:
"Potentially there may be an upsurge in ferry bookings, so people will be able to shove all their stuff in a car and just jump in with their kids and everything."

Liam Bailey, chief market analyst for overseas property portal Property Abroad gave us his views on the reports:

"Firstly, it is possible that the findings from the Travel Mole survey go against Grahame McKenzie's predictions -- for this winter anyway -- of course depending on whether or not some of the 60 percent have made their winter holiday plans to go further afield than Europe, which I believe is a fairly safe bet. McKenzie's statements give no indication of whether he meant this winter only or winters for however long the 'credit crunch' lasts." While it is highly likely that some people will decide to holiday in Europe, most Britons already do holiday in Europe, so I can't see there being a 'massive upsurge', but even a slight upsurge could generate a boost in European property markets."

"McKenzie being right would make the biggest difference to Germany, because German property traditionally has very low rental yields, because of government restrictions, and because of the fact that very few Germans own their own homes meaning that most rentals are residential. This would -- possibly very quickly -- give Germans the ability to raise their rental rates on short-term leases only, because the government would see the positive effect this could have on the economy combined with the increase in tourism."

Property Abroad has over 300 properties in Germany , with prices starting at just over £29k on a tenanted 1 bedroom Berlin apartment . Untenanted German apartments are always priced slightly higher; for example a 1 bedroom untenanted apartment in Berlin -- though in a different area -- is priced at £46,405.

About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact the team at: les@property-abroad.com

<German property news articles

NB: Please feel free to use any of our articles on your website but remember to create a link back to our website or we will ask you to remove it

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Flights Boost Canary Island Property Market

Budget airline Teleticket has announced its plan to run new flights to the Canary Islands; filling the gap left by the collapse of travel agent and airline company XL several months ago. The flights, which begin in 2009, will run from Bristol airport to Tenerife, Lanzarote and Las Palmas.
Liam Bailey, overseas property portal Property Abroad 's chief market analyst had this to say about the plans:

"Just at the time when the bulk of people start spending on holidays and property again, even people who know nothing about overseas property markets can easily see that more flights will never have a negative effect on a property market. "

"But to say that it will massively increase tourism to Tenerife and Lanzarote is a bit much-of-a-muchness; tourism to Tenerife, Lanzarote, and all the Canary Islands is absolutely huge as it is -- because of the year-round warm climate and well established tourism industries. The new flights to the Canary Islands will boost tourism though, especially from Wales, and Southern Ireland to the Canaries, the former because flights are limited and the latter because flights are more expensive than from UK airports."

Property Abroad has some excellent properties in the Canary Islands, those on a limited budget can buy a studio apartment in Los Christianos Tenerife for just £62,500. The complex is built on two levels around a well presented pool and recreation area -- 1 and 2 bedroom apartments are also available.

Those fired up about Lanzarote and with money to burn on luxury, will probably want to arrange a viewing of the recently refurbished two storey finca , which sits on 1802 square metres of land, completely enclosed by walls and is also being advertised by Property Abroad at just £220,000. The land allows for a big garden, including stables at the bottom which are further enclosed by fences. The property is set in a gorgeous rural area of Lanzarote, yet only 10 minutes from local amenities, twenty minutes from the airport, and with 4 bedrooms, 2 bathrooms, a reception room, big dining room, winery, and 2 patios, the property is absolutely perfect for holiday rentals.

About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact the team at: les@property-abroad.com

<news articles on Spain

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Turkey Tops Tourism Charts Boosting Turkey Property

Turkey is one of the best places in the world to invest in a property. Turkey is very close to hitting its tourism target of 25million visitors in this year, with the Antalya resort alone having some 8 million visitors so far this year; just above Istanbul which has received six million visitors. This means rental yields of no less than 10%, possibly as much as 12 or even 15%, are being received by owners of well placed Turkish property.

Les Calvert, director of overseas property portal Property Abroad said this about Turkey:

“Turkey, is understandably one of our most popular countries, both with holiday home buyers and investors. These figures are even expected to be improved upon next year, with several new airports being proposed for Turkey; this will improve the accessibility and increase tourism numbers. “

Property Abroad has some excellent properties in Turkey, for those on a limited budget, properties start from as little as £16,000, including off-plan apartments in Altinkum in the Anatolia Complex . These apartments are available at such a bargain price because they are being sold direct from the developer, and because off-plan developments are always cheaper than their completed equivalents to factor in what is seen as the slight risk of buying off-plan; the slight risk that makes “immediate profits of 20% possible on apartments like this”, according to Property Abroad’s chief market analyst Liam Bailey.

For those with a little more money to spend on a luxury property in Turkey will be very interested in the 5 bedroom villa in Antalya also being advertised on Property Abroad. The villa includes: Bathroom, Study, Lounge, Dining Room, Utility Room, Parking Space, Driveway, Gardens, Double Glazing, Electricity Installed, Water Installed, Telephone Points, Swimming Pool.

Property Abroad have well over 2000 properties for sale in some of the most popular regions of Turkey, to find out more visit www.property-abroad.com

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Brazil Property Ideal for Investment

Impartial overseas property organisation BuyAssociation, has stated that Brazil's property market is "ideal for investment". A BuyAssociation spokesperson added that the country is more likely to survive the current financial uncertainty [than most] because of the "healthy cash reserves" held by banks and the low rate of borrowing within the country.

Liam Bailey, chief market analyst for rapidly expanding overseas property portal Property Abroad concurred with BuyAssociation's findings:

"A few months ago I noted brazil as one of the few countries where the economy and property market should continue to flourish throughout the global slowdown, then because Brazil's exports to the booming Asia were growing exponentially, triggering massive growth in the economy as a whole. Now, as even Asia starts to feel the crunch, it becomes clear that banks having healthy cash-reserves and healthy lending policies are as important as economic growth in surviving the credit crunch, thus putting Brazil in an even better position."
Les Calvert, Property Abroad's director added:

"Brazil began growing in popularity a few months ago, and has continued to become more popular both in terms of properties being viewed and properties being enquired about."

Property Abroad currently have a very impressive range of property in Brazil. For those on a limited budget, Property Abroad are currently advertising 1-3 bedroom apartments on a fully equipped resort style development in Porto dos Corais, Natal, priced from £32,550.

Those with slightly more to spend may well be interested in 2 bedroom apartments in a beach-front Brazilian village of Imbassai. The development has ample parking, a communal swimming pool, gourmet barbecue area, gymnasium and offers apartments priced from as little as £52,081.

For those who can afford to spend to get total beach-front luxury, Property Abroad are offering a luxurious 5 bedroom beachfront villa for just £255,000. Aside from a massively spacious living room the villa has a salon, library, a fully equipped kitchen and massive dining room, all with sea-views. Each of the 5 superbly appointed bedrooms also have sea-views.
Find out more about Brazil property .

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New Flights to Boost Faro Property Market

Now may be the time to add the Algarve to the list of destinations worthy of consideration for property investment, as it has been revealed that Faro airport in the Algarve region of Portugal is set to receive flights from three more British airports. Low-cost airline Easyjet will run flights from Glasgow, Liverpool and the East Midlands airports, alongside the existing flights from Dublin, Stansted and Shannon.

Liam Bailey, chief market analyst of upcoming overseas property portal Property Abroad, gave his views on how the new flights could affect the property market:
"Obviously anything that boosts tourism in a region -- especially a top tourism destination like the Algarve -- is going to be good news for the property market, as we have seen so many times before. Increased tourism means increases in the usage of rental properties; this will put an almost instant increase on the value of Algarve properties in popular tourism areas -- especially Faro. "
"But it is likely to have an even bigger impact on the Algarve property market," continued Bailey, "because of the amount of people that -- fed up with package holidays -- are currently arranging their own holiday accommodation, and taking advantage of budget flights. As this wave increases rental yields on Faro and Algarve property, as well as boosting the local economy, Algarve, and especially Faro property prices are set to see an above average rise of 10%-15% per year over the next 5-10 years."

Surprisingly, Algarve property, especially in Faro, can still be purchased relatively cheaply, given that the Algarve is one of Europe's foremost holiday destinations.
Property Abroad has almost 3000 properties in the Algarve from as little as £44,000. Les Calvert Property Abroad's director picked out his best property for those on a limited budget and his favourite property for those putting the ultimate in luxury before price.

"For those making an investment or buying a holiday property on a tight budget, we currently have an absolutely gorgeous 1 bedroom apartment priced at £44,722, and not far from the airport in the Algarve's Faro. The 70sqm apartment has a balcony, comes with a fully equipped kitchen and is in a new building with an elevator. We also have another bargain apartment in Faro, and to roughly the same specs just a little bit more expensive at £44,891, because it has excellent ocean views."

"For those with a little bit more to spend on their ultimate luxury property," Les continued. "We have an absolutely mind-blowing 3 bedroom villa in Faro's Tavira. The size of the balcony is almost as breathtaking as the ocean views stretching as far as the horizon, from where seems like almost directly below it. Such an incredible villa will set you back, £220,220, but given that similar properties are going for over £1million in more established parts of the Algarve, this property has real money making potential as the new flights give Faro's tourism a new lease of life."

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