Cyprus Property Sales to Foreigners Increasing

Foreign buys of property in Cyprus saw a shock increase last month, up from 117 the month before to 158.

This is not the first time sales have risen on the month, nor is it the highest number of monthly sales this year, but what is significant is the size of the increase at this time of year when sales traditionally slide off.

It is highly unlikely to be a pure coincidence that this rise in sales against the season comes as the government and Cypriot legal institutions have been working hard to resolve the problems over Cyprus title deeds and have begun to make some headway. Firstly with Cypriot lawyers revealing how buyers could cut out the middleman and get their own deeds from the land registry, and more recently with the Cypriot government enacting legislation to allow them to do this without going through the courts.

It is also no coincidence that Cyprus should start to benefit from the recent increases in British demand for overseas property.

Cyprus has been named as the site of the second Euro Disney world, which will boost tourism to the region surrounding the chosen site massively.

The Cyprus government also gave permission to build 14 new golf courses on the island; permission was granted last year and construction has started on one of the courses. Golf represents a massive portion of why Brits choose Cyprus property and new courses can only boost tourism and the property market.

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Montenegro to Benefiit Most from Visa Free Travel Extension

The EU has agreed that residents of Montenegro, Serbia and Macedonia should be permitted to travel visa-free throughout the EU, after the European Commission suggested it last month. Visa-restrictions for the three will be lifted on December 19th.

The EU has kept visa-restrictions in place for Albania and Bosnia-Herzegovina, but it is hoped that visa-free travel can be extended to them in due course, when they have met the necessary requirements as part of the EC roadmap.

All three nations will undoubtedly see economic benefits from the move, through increased tourism and easier trade with EU nations. However, Montenegro is likely to see the biggest benefit.

Serbia and Macedonia are both landlocked, and now that it is not a visa job, residents from both countries, will undoubtedly make trips to the gorgeous Montenegrin coast. The same goes for residents of all EU countries.

Montenegro is known as one of the most beautiful places in the world, and with some of the best beaches in Europe. So much so that it attracted the likes of Prince Charles and singer Lulu in its heyday during the 80s. EU members being allowed to holiday in Montenegro visa-free will undoubtedly boost tourism significantly.

It will also boost foreign property investment in the country. Montenegro had grown into a highly popular destination among foreign property buyers in 2006 and 2007, but demand has plummeted during the downturn. Now that things are beginning to recover, the fact that people can travel to Montenegro for an inspection trip without having to go to the hassle of obtaining the correct visa, will undoubtedly assist in increased activity in the property market.

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Canada Biggest Jump in New Home Prices Since Jan08

New data released yesterday (Thursday) by the federal agency Statistics Canada (Statscan) showed new home prices rising in September faster than at any time since the beginning of 2008. The positive reading of 0.5 percent surprised market observers and is yet another in a string of recent indicators reflecting on the country's strong housing market.

As a result the year-on-year decline in prices eased from 3.1 percent in August to 2.7 percent in September.

Vancouver and Ottawa-Gatineau lead the way with 1.4 percent and 1 percent rises respectively while Windsor, Ontario recorded the biggest decline. Statscan said the jump in the new housing price index was largely due to improving market conditions and consumer confidence.

n the same month permits for housing construction jumped 9.4 percent and the federal housing agency CMHC is looking for a 26 percent rise next year in Toronto.Stewart Hall, markets strategist at HSBC Canada said sales were above pre-crisis peak levels, citing pent-up demand and rock-bottom interest rates as market drivers. Writing to clients he reported "Real estate has been the economic surprise of 2009....Today's new home price data seems to be pointing to an inflection point."

Thomson Reuters noted that the 0.5 percent rise beat the forecast of every single one of 15 analysts polled.

However housing market buoyancy is not yet reflected in other sectors of the economy, with some recent data questioning a wider economic recovery, and throwing into doubt the Bank of Canada's prediction of 2 percent annual growth in the third quarter.

Exports are expected to be weak, and a second Thomson Reuters poll is predicting a merchandise trade deficit of C$1.75 billion in September. We will soon see if the trade figures, due out later today, will follow housing and surprise to the upside. Even weakness in this sector could add to house-buying momentum if it persuades the Canadian Central Bank to delay interest rate rises.

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Top 10 most Popular Overseas Property Destinations in October

It is amazing the difference that the foreign exchange rate currently makes to the popularity of an overseas property destination. In October Turkey property became the third most popular with those searching for property on Property Abroad.com -- a climb of 3 places on the previous month.

It is surely no coincidence that the pound spent most of October really weak against the Euro, and strong against the Turkish Lira -- especially when you look at previously monthly charts showing the same results.

America and Spain held their positions in 1st and 2nd, and Greece retained its position in 4th. This left France down two places as 5th most popular in October.

Germany is another surprise; climbing two places to steal 6th most popular in October, putting Portugal back to 7th after being 5th most popular in September.

But the biggest surprise has to be the return of Canada to the chart in a very respectable 8th position. Canada has always been one of the favourite locations for Brits to emigrate, but because of the recent positive data on the Canadian housing market, this has to be considered as signalling increasing interest in Canada property from foreign investors.

Finally Cyprus held the same 9th position as in September, and Italy was in 10th having fallen back 3 places from being 7th most popular in September. The full results -- with September's position in brackets -- are as follows.

America (1)
Spain (2)
Turkey (6)
Greece (4)
France (3)
Germany (8)
Portugal (5)
Canada (NE)
Cyprus (9)
Italy (7)

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Spanish Property Market has Hit Bottom Debate Over Recovery

The Spanish property market has hit bottom, but prices are unlikely to see any growth until 2011 according to a partner of the Knight Frank estate agency.

"If you put a home on the market at a 35 percent discount to highs from three years ago, and partially-financed, prices are going to stay at these levels until 2011," Prieto told Reuters in an interview.

But for sales to go ahead, properties need to be located in prime areas within cities' metropolitan circles.

"If you're trying to sell somewhere like Valdeluz or Sesena, 100 kilometres outside of Madrid, forget it. Properties on the coast or with these kinds of setbacks are going to be stalled for years," Prieto said.

We disagree about 1 thing, the coastal properties. Spain continues to be one of the most popular destinations with British buyers of overseas property. The fact that prices have fallen and bargains can now be found is unlikely to do anything to change that fact.

British buyer numbers are increasing in overseas property markets around the world. Spain has been slow to see the real benefit of this because of the repossessions problem, and because people are trying to wait just long enough to buy out the market -- as in to buy a property at the lowest price possible.

When this waiting period is over, and/or when credit conditions improve it is likely that the coastal areas that have not been overdeveloped will recover quite strongly based on increasing foreign demand.

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Spain House Prices and Sales Stabilising

Released on Tuesday, National Statistics Institute data showed the number of houses sold in Spain fell 8.2 percent in August, after rising for the previous three months.

On a yearly basis sales were down for the 20 th consecutive month. Here we see what is called by market analysts 'divergence' – where there is a discrepancy in the market direction shown by two indicators. Often such a technical anomaly is indicative of an imminent trend change.

The report went on to state that the year-on year volume drop of 9.9% in August (34,019 homes sold) compared with a year-on-year decline of 20.3 percent in July, and a record 47.6 percent drop in April. In other words the rate of annual volume decline is slowing. Of course making predictions is difficult, especially about the future. However it may well be that, now into the last quarter of the year, we will see sales volume stabilise, judging by these data points.

On Thursday a Spanish Housing Ministry reported annual house prices also fell – by 7.8 percent in the third quarter, up slightly from a record 8.2 percent fall in the second. Another survey by the private surveyors Tinsa came in with an 8.3 percent year-on-year fall in September compared to a 8.9 percent fall in August.

However the SHM also reported that the drop between quarters was much less, 0.9 percent compared to 1.9 percent last time. Once again, after steep falls, prices are levelling off, with a drop of under 3% over the past 6 months.

A recent poll showed that Spanish and foreign-based economists expect prices to fall on average to fall 32 percent from their 2007 peak. However, in markets, expectation is often the mother of disappointment. The global slump has lead to a collapse in new developments in Spain, meaning that supply of new homes could tighten going forward. Coupled with the divergence noted earlier in the article we could easily see Spanish property prices recovering as we move into the new year.

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UK RICS report The Party is not Over

With the conference season over, it seems party leaders have done nothing to unsettle international confidence. The credit ratings agency Moody's Investors Service, in an interview with Reuters on Monday, indicated that past 3 weeks of political posturing had reinforced Britain's triple-A rating.

As the 175-billion-pound rescue package by the Bank of England feeds into the economy, Britain is beginning to emerge from the steepest recession in decades.

While analysts believe the Bank is close to withdrawing quantitative easing (QE) opinion is divided over exactly when. Gordon Brown, speaking to a business audience this week showed he was wary of reducing QE too soon. Then again he would say that with a general election looming.

Meanwhile the stimulus package continues to feed through to house price recovery.

The latest Royal Institution of Chartered Surveyors survey for England and Wales released on Tuesday showed house prices rising at their fastest rate since the credit crunch began more than two years ago.

22 percent more RICS surveyors reported rises than falls in the last quarter, the highest reading since the credit crunch began.

This reinforces recent reports by the major mortgage lenders showing the falls of last year are being reversed by record low interest rates and a continuing tight supply of property for sale.

The RICS survey showed demand continues to outstrip supply in the real estate market, helping the key forward indicator ratio of sales versus inventory to rise for a ninth consecutive month to its highest level since December 2007. Unsurprisingly the majority of surveyors questioned expected the current upward trend to continue through the next quarter.

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Top 10 most Popular Overseas Property Destinations in September

The latest edition of Property Abroad’s monthly top of the props has shown what a lot of industry data has shown in recent months; that buyers are increasingly favouring established markets. In September there was increases in popularity for Spain, Portugal, Greece and Germany.

Firstly, America continues to hold 1st place. Spain regained the second position it lost to France in August, France slipped back one into the 3rd place Spain held in August.

Turkey lost 4th place to Greece, which rose 1 place from being 5th most popular in August. Turkey slipped back to sixth place, with Portugal cheekily snatching 5th having held 7th last month.

Italy slipped back one place from 6th in August to 7th in September, possibly on reports that Italian property prices still have some room to fall.

Germany entered the chart in 8th place. This is most likely because Germany represents the pinnacle of a safe, stable established market. German property values have held throughout the crunch. This also reflects investors move toward buying based on rental income rather than capital growth.

Unfortunately for Cyprus, Germany’s entry into the chart knocked it back one place into 9th position. Egypt, also a new entry into the chart took 10th place. Australia, a new entry in 9th position last month was knocked back out again.

The top 10 most popular countries with those searching for overseas property on the Property Abroad.com portal in September were:

America
Spain
France
Greece
Portugal
Turkey
Italy
Germany
Cyprus
Egypt

And last month:

America
France
Spain
Turkey
Greece
Italy
Portugal
Cyprus
Australia
Germany

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British Speaking Commonwealth Countries May Raise Interest Rates

Technically Australia has managed to avoid recession altogether, seeing a contraction in its economy only for one solitary final quarter of 2008. Therefore it came as no surprise on Tuesday when Australia's central bank hiked its main interest rate to 3.25% from 3%, becoming the first G20 nation to do so.

In an upbeat economic assessment released to coincide with the rate increase, the bank noted house prices and mortgage lending were both growing at a solid pace. Confirmation of this assessment came today (Wednesday) when positive Australian housing and construction data added to the evidence of economic recovery. Strong demand for homes in the past year has been due to strong population growth and 50-year-low mortgage lending rates.

As the global economy bounces back, Australia is front-running the recovery. It is the only country in the developed world to show economic growth in the first half of 2009. While in the United States and Britain house prices were falling as financial and economic crisis unfolded, Australian house prices held up remarkably well, rising 4.2 percent in March-June.

The housing market accounted for 27 percent of all loans issued in August, and an increase in commitments by home-buyers saw investment lending surge 7.6 percent this month.

New build home construction loans rose 4.6 percent in the same time period, up 69 percent from a year ago and a nalysts now think that pent-up demand for housing and a growing population will foster a housing construction boom into 2010.

Such positive data backs the view that the Reserve Bank of Australia (RBA) will keep lifting interest rates in coming months from 'emergency' low levels. David de Garis, senior economist at National Australia Bank agreed with this view, saying 'Overall, this adds to the litany of other hard economic evidence that the recovery is well and truly emerging and there is absolutely nothing in this report to dissuade the RBA from lifting the cash rate again in November'

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House Prices Still Rising As Banks Increase Lending For Property

New figures from the Halifax released today show UK house prices rising for the third consecutive month in September, the first quarterly increase for two years. Increased demand and a lack of supply were cited as key to the rise.

Courageously hedging his bets Halifax housing economist Martin Ellis noted this 'could change and "constrain" prices in the coming months given the economic climate.' according to a new BBC report.

The Halifax said that while prices in the three months to September increased by 2.8% compared with the previous quarter to £163,533 the annual rate of change showed a drop of 7.4%.

Meanwhile the Land Registry recently said that house prices in England and Wales dropped 9.4% since August 2008 bringing the average home price to £155,968.

Both of these reports contrast with the Nationwide who said last week that prices in September had returned to the same level seen a year earlier.

However, there is general agreement that low interest rates and fewer properties on the market have been supporting the recent recovery in prices. Furthermore it seems the credit squeeze may be over.

Even as Brits cut back on consumer debt, as we reported last week, property lending is rising. Figures from the Bank of England show mortgage approvals have risen through most of the year. And a recent survey published today summarises “The international real estate lending market has improved in the second half of 2009, with more banks willing to lend sums over 20 million pounds on British commercial property”.

UK house price chart

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Bulgaria property market shows signs of bottoming

Reports are circulating of a Bulgaria property market bottoming out, after price falls that started at the beginning of the year slowed in the second quarter.

In our opinion, it is highly likely that Bulgarian property prices will endure a period of stability, and possibly even growth in the near term. This is because demand is starting to rise again for overseas property, and markets, like Bulgaria are proving to be among the favourites because they offer cheap property that has fallen further in price due to the international downturn.

Of course, Bulgaria still faces problems of over-supply in the most popular locations, i.e. Bansko. But in this, the credit crunch has actually benefited Bulgaria, because it has given birth to a new type of property investor, the type that does their own research and finds the best locations, rather than just following the herding masses to the most popular areas.

For this reason, people aren't just saying, ah Bulgaria isn't good because of the over-supply, they are saying: yes Bansko does look a little crowded with similar properties, and that is pushing down prices, but let's look around and see if we can find the next Bansko and make a killing as it becomes popular, or looking for a place that may never be "popular" but where stable demand will give them stable rental returns and impressive growth over the long-term.

In that respect, the Bulgarian property market could end up doing better during its recovery than it did before the fall.

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Egyptian Property Highlighted as Investment of the Future

Egypt has been highlighted as an overseas property hot-spot of the future, according to an article on the Overseas Property Mall blog.

In the article, well known property expert Liam Bailey said that while Egypt property prices are quite capable of growing very quickly over the short and the long-term, the unfair distribution of wealth in the country means there is very little demand from within the largely impoverished local population and this leaves property in Egypt investors at the mercy of foreign buyers.

The Egyptian government is busy trying to improve the situation though, now that their efforts to increase foreign investment inflows have paid off and require less of the government's attention.

In my opinion there is a good chance that Egypt can improve the distribution of wealth in the country, because they have plenty of economic growth to work with.

Even as the world endures one of the worst global recessions in almost a century, the International Monetary Fund is forecasting 3.6% growth in the Egyptian economy this year. Though this is much slower than the 7% averaged in recent years it is still impressive in the current climate. Growth is then forecast to slow to 3% next year, with inflation being brought down to a much more respectable 8.5%, from over 16% this year.

On top of that, to offset any doubts about whether Egypt can bring more of its population out of poverty, are the low property prices in the country and the exceptional rental yields this makes possible.

2 bedroom apartments near the beach in Hurghada can be bought off plan for less than £20,000, and rented out for £385.00 per week. This gives a 25% gross rental yield on 10 weeks occupancy.

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Portuguese Government Still Predicting more than 3 percent Contraction in 2009

Portugal was one of several countries to see a growth in GDP in the second quarter. The 0.3% growth sparked hopes that its recession may be over, along with much of Europe.

However, yesterday the Portuguese government announced that it was not changing its forecast for 2009 of a 3.4% contraction overall for the year.

France and Germany made the headlines when they both saw GDP growth of 0.3% on the previous quarter. The headlines surrounded the fact that this may suggest that the European economic recovery is well under-way. So it is surprising that the Portuguese government expects Portugal's economy to fall back into negative growth -- one must wonder if they know something we do not.

Portugal's economy has become service orientated since it joined the European Economic Community in 1986, and has been growing in popularity as a destination for overseas property buyers and investors ever since the first signs of over-development began to emerge in Spain's most popular areas.

According to Liam Bailey a sector specialist SEO copywriter, lifestyle buyers are very much prevalent in the market.

"Portugal is not exactly a hot emerging market so it is often over-looked by pure investors, but it is very much one of the favourites in Europe with lifestyle buyers and holiday home investors," he said.

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Top 10 most popular overseas property destinations in July

America has taken top spot for the second month running in the Property Abroad.com top 10 most popular destinations with those searching for overseas property on the site.

Spain has now been relegated into second position for 2 months running; holding 2nd place again in July.

In fact the chart is the same as last month's until you get to position 5, with Greece and France holding the same 3rd and 4th place respectively in July as they did in June.

The first change is that Portugal and Turkey have switched places, with Portugal climbing 3 places to steal 5th place from Turkey in July, while Turkey has fallen back 3 places to take the 8th position held last month by Portugal. Portal director Les Calvert said of the change:

"This is undoubtedly because the British Pound has continued to strengthen against the Euro, whilst the Turkish Lira has been regaining some ground against Sterling. This confirms our suspicions last month that the weak Lira was behind Turkey's popularity."

Italy and Greece were 6th and 7th most popular in July, the same positions they held in June, and finally India and Bulgaria have swapped places; with India being 9th most popular in July, and Bulgaria 10th most popular.

The full results of the top 10 are as follows:

America
Spain
Greece
France
Portugal
Italy
Cyprus
Turkey
India
Bulgaria

And last month:

America
Spain
France
Greece
Turkey
Italy
Cyprus
Portugal
Bulgaria
India

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Fractional Ownership a Winner

The current financial turmoil of the overseas property market has been fairly evident in the downturn of overseas property sales of late.

This resulting downturn has forced property developers to look at other ways and methods of selling their properties including fractional ownership.

Commenting on the subject Les Calvert of the Property-Abroad.com group said,

"the growing market of fractional ownership should not be confused or even compared to timeshare, fractional ownership is fast becoming popular with overseas buyers who are looking to share the risk and cost of owning an overseas property".

Fractional Ownership is different to Timeshare in that you actually own part of the deeds of the property and not just an allotted time period. In addition the resale value of fractional properties will grow with the value of of the property whereas timeshares tend to decrease.

Fractional properties can be split anyway to suit buyers who very often are a group of family, friends or indeed investors.

Prices for fractional ownership can vary depending on the development and the number of fractional buyers.

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Top 10 overseas property destinations in June

The results are in for the Property Abroad.com monthly look at the most popular choices of those searching for property on the site in June. There are only a few changes from last month, but there is also a shocker or two in there.

The first change is America climbing one place to take number 1 spot from Spain, which is now in second. This continues the trend of America's rising popularity, on the back of the price drops American property has seen, the Pound strengthening against the dollar and reports that the American property market may be close to bottoming.

France and Greece have also swapped places, with France climbing one place to take 3rd, knocking Greece into 4th.

Cyprus fell back 2 places into 7th place, moving Turkey and Italy both up one place to take 5th and 6th respectively from 6th and 7th behind Cyprus last month.

Portugal remained 8th most popular in June as it had been in May, but 9th and 10th changed majorly. Egypt and Canada, which had only entered the top 10 last month in 9th and 10th place, have gone again to be replaced by Bulgaria and India.

Bulgaria isn't such a shock it comes and goes from the top 10, having lost some of the popularity it regained at the beginning of the year, it seems to be clawing it back a little once again. India however is a new one on the top 10, which is a resounding signal that all is not lost in terms of faith in emerging marker property investment.

The full results of the top 10 most popular in June were as follows:

America
Spain
France
Greece
Turkey
Italy
Cyprus
Portugal
Bulgaria
India

Compared to last month:

Spain
America
Greece
France
Cyprus
Turkey
Italy
Portugal
Egypt
Canada

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The 5 best sunny locations for bargain property and great beaches

The world of overseas property for sale is now vast and varied. It used to be that British buyers would buy holiday homes abroad, but mainly they would be in Spain, France or Italy.

The overseas property boom brought about a new trend: overseas property investment, and with it the emergence of hundreds of new emerging markets where British people - and those from around the world - would buy property solely for investment.

Many of these new markets are in sun-soaked destinations, and in range of great beaches. What's more because they are new emerging markets property is available at low prices, not least because the areas are newly developed and most of the properties are off plan.

We have put together a list of the 5 best such locations, in terms of property prices, proximity to and quality of the beaches and various other factors. They are not in descending order, because of people's differing preferences, but they are what we see as the 5 best.

Dominican Republic
Once held the title of the cheapest property in the Caribbean until Isla Margarita emerged onto the scene, with a rapidly developing tourist infrastructure, and rapidly growing tourism. Plenty of apart-hotel products with strong guaranteed rental yields

Isla Margarita
The cheapest place you can buy beach property in the Caribbean, and outside the hurricane zone, with a warm climate all year round and pristine un-crowded beaches, Isla Margarita is definitely one to watch. Currently you can buy a 2 bedroom apartment for under £70k, but not for long so get in now.

Calabria
You can't have a beach-list for me, without including Calabria: Mediterranean beauty comparable to the favourite Tuscany, but property at half the price, and pristine beaches surrounding you on three sides. Most beach property in Calabria comes with sea-views owing to the fact that the land slopes upward away from the beach for the most part.

Panama
Again this is a favourite because of the combo: low property prices combined with great beach and climate. But Panama is also on the list because it is packed with investment potential, and has a strong exit strategy in being the top destination for American retirees to buy property. Panama's economy is expected to grow by over 4% this year, putting it in a strong position to continue growing till 2014, at which point the canal expansion will triple GDP growth. Currently you can buy luxury property near the beach in Chiriqui for under £100k - a bargain.

Turkey
Again, this has the same combo as laid out above, cheap property, great climate, beaches and also loads of investment potential from its massively growing tourism industry (23million tourists 2008 - 30million expected this year). Turkey has a coast to the Mediterranean sea, and to the Aegean sea, the Aegean region is particularly popular with British buyers, and you can pick up properties for under £50k. ug3rmkjyas

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Property Abroad group relaunches yet another satellite site

The Property Abroad Group have relaunched yet another one of their popular property satellite sites aimed at making the overseas property buyers search more specific to the areas of their choice.

The group who own hundreds of property related websites have embarked on a 3 year programme to redesign and relaunch many of their overseas property websites and have already made headway with the relaunch of sites like:

a property in bulgaria
a property in cyprus
a property in portugal
buying property in france
buying property in italy
buying a property in spain
buying property in turkey
investment property abroad
buying property abroad
sell my property

These come only 6 weeks after the group relaunched its flagship website www.property-abroad.com after 10 months of development and design work.

The group now also features a white-label product that allows other companies to feature the groups properties on their own website and it pays commissions on every lead generated. They also have a web services product for the more active development sites.

Our plans for 2009/10 is to relaunch the entire groups sites including its rental portfolio of property rental sites including the rent a villa abroad website which is undergoing a complete redevelopment.

For more details on the group visit their website property abroad.

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Cyprus Property Regaining its Popularity with Overseas Buyers

Cyprus property has grown in popularity again between April and May according to the data collected by Property Abroad.com from people searching for overseas property on the site.

Cyprus property was seventh most popular with searchers in April this year, and it was fifth most popular in May.

"As we said when we revealed our quarterly data, the growing popularity of Cyprus is a sign that the solutions recently offered to the title deeds scandal have restored confidence in the market, and that, along with the new golf courses, and Disney world proposed for Cyprus, are making it once again a popular choice with overseas buyers," said Julie Liddle, the portal's emerging markets analyst.

Julie was referring to the fact that Walt Disney named Cyprus as the chosen destination for the second Euro Disney (first in Paris), around the same time as the government approved 14 new golf courses in the areas most popular with tourists. Golf is one of the major attractions with visitors to Cyprus.

Property Abroad is currently marketing Cyprus property for sale, priced from as little as £25,000.

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property abroad in france drops in price

Investors who are looking to purchase a property abroad could be able to benefit from house price reductions in France.

Statistics from real estate group FNAIM showed that between January and March this year, property values were nearly ten per cent down on the same period of 2008.

However, the figures also revealed that the rate of decline in house prices appears to be slowing down.

Values were one per cent down on those recorded between October and December 2008, during which time prices were 6.5 per cent lower than in the previous quarter.

FNAIM added that house prices for the year as a whole are likely to decline by at least five per cent, and possibly as much as ten per cent.

Meanwhile, overseas property buyers who are looking to purchase a home in France have been encouraged to look at the Pyrenees.

According to the Telegraph, the region is an oft-overlooked area that is a good alternative to the French Alps.

Written by Les Calvert

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Belize Property: Great Holiday Home or Investment

An industry expert has stated that properties in Belize -- like several other Latin American countries -- continued to grow in value rapidly through the beginning of the credit-crunch, and are holding their value now as the credit-crunch continues to become more severe.

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

"While Belize never really became massive news as an emerging market, its emergence, if largely silent was one of the quickest and most profitable of all overseas property markets. A luxury 2 bedroom apartment in Belize is now almost £200,000 to buy. We are advertising several 1 bedroom houses, none of them under £200,000 -- in fact one of them is over half a million pounds. But I certainly wouldn't advise anyone to wait and see if prices drop; they won't! And before you know it prices will begin rising rapidly again."

The luxury apartments Les referred to are in the Bella Maya Resort apartments. Bella Maya is 6 acres of beautifully landscaped beach and lagoon-front land; a luxury hideaway with over 400 feet of private Caribbean beachfront on the Placentia Peninsula. Belize is home to the world’s second largest barrier reef and a lush tropical rainforest. It also has a rich diversity of wildlife and a large concentration of Mayan ruins, all of which are making Belize increasingly popular with international tourists .

The apartments won the Home Overseas award of best Caribbean apartments in 2007. On top of that there is significant national & local investment in tourism; the international airport has been upgraded to receive flights from Europe & the main Placentia road is being re-built.

All in all Belize is a fantastic place to buy a property, whether you are buying a holiday home or an investment property. Holiday home buyers will love diving from a cliff astride a waterfall into a tropical ocean before snorkelling the reefs. While investors will enjoy the moderate rental yields made possible by Belize's rising tourism, while they wait for prices to begin their rapid growth anew.

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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.

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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

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Canada One of Finest Property Investment Destinations

Since Canada was named as the host country for the 2010 Winter Olympics and Paralympics there has been a massive upsurge of tourists going on ski vacations to Canada. One particularly popular destination is Quebec, with many various fantastic slopes to choose from. Liam Bailey; chief market analyst for overseas property portal Property Abroad gave his comments on “one of his favourite” investment markets in the world.

“As people who have read my comments on Quebec in The Times and other publications before will know it is one of my favourite locations in the world in terms of investing in property. It is, quite simply, and as far as I’m concerned undoubtedly one of the few markets in the world where you can bank on an all year round rental income; my opinion on the reason for this is that it just has so much going for it, many things are of course shared by other locations in Canada. “

“The sheer variety of wildlife alone attracts people in their droves, which of course changes drastically throughout all the seasons, therefore giving Quebec all year round wildlife visitors. Then you have the fresh spring, and lovely warm but still fresh summers to enjoy the fishing, wildlife and/or just exploring the beautiful countryside. Autumn is amazing anywhere, but the crispness of being so far into the northern hemisphere makes the Canadian autumn just that little bit more special. Montreal – the Monte-Carlo of Northern America -- is a massive plus for Quebec. Then to move onto the skiing you have the absolutely breathtaking Mt Tremblant, which is unarguably one of the finest skiing locations in the world. “

Property Abroad has some excellent property in Canada , including a 2 bed Canadian style chalet , on the Rouge River resort in the Laurentian Mountains. 100-miles of the fantastic trout-filled Rouge River runs through the resort, with a 100-mile bicycle track running along the banks. All owners are given full-rights to fish on the river. The woods weaving up the Laurentian Mountain range away from the river are excellent for exploring in the summer, and have cross-country ski-trails in winter. This perfectly complements the world-class alpine skiing of Mt Tremblant, which is just 45mins to an hour away from the resort -- Montreal can be reached in 90mins.

Rouge River resort’s proximity to both these tourist attracting locations gives this unit another added benefit: the fact that it is being sold privately for a quick-sale at just £22,500, means that you can charge far less than Mt Tremblant or Montreal’s rental rates, and still easily make 10-12% rental yields. Capital appreciation will be at least 30% immediately when the resort is complete (when all chalets are built), and average 10% per year in the foreseeable future.

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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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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.

Read more Overseas Property News

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Emerging markets 'could be lucrative'

Second home buyers who invest in emerging markets could potentially collect high returns, industry experts have stated.According to analysts at A Place in the Sun Live, buying a property in less-established foreign markets could be more lucrative than investing at home.

The organisation stated that less-established destinations in particular, such as countries in eastern Europe, are among the best options.This, it said, is because the region is experiencing rapid economic growth, as are other non-eurozone nations including Turkey.A Place in the Sun Live remarked: "Buying abroad is still a good investment and can make you a profit, you just need to know where to look."

The group added that countries outside Europe, such as Brazil and the United Arab Emirates, may also offer high returns.According to figures by Savills and Holiday-Rentals, people from the UK now have an overseas property portfolio worth about £58 billion.

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Property in Hartlepool

Property for sale in Hartlepool.

As we are primarily an overseas property portal we don't normally cover the home market as far as property sales are concerned.

However, we have recently introduced a number of local town and city websites in the north east of England to cover some of the popular property hotspots in the north east.

As we are already based in the town of Hartlepool we though it only befitting to have a property website dedicated to buying and selling property in Hartlepool.

We have tried to add links to local solicitors and estate agents in Hartlepool as well as local tradesmen should you need to contact htem and obviously we have included our very own overseas property search as well.

Please feel free to browse across to our site and leave any comments for us to take on board regarding buying property in Hartlepool.

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Romania recommended to investors

Overseas property buyers have been advised to consider purchasing a residence in Romania.

According to FC Exchange, the eastern European country could be a good location for those who want to collect quick returns on their investment.

The currency specialist said this is because the property market in Romania is growing at a relatively fast rate, especially in comparison with places such as France.

This has prompted managing director Nick Fullerton to suggest that people take these issues into account when deciding where to invest.

He commented: "It is important to firmly establish the reasons why you are buying property at the very beginning of the process."

Mr Fullerton added that investors who match their strategy to a suitable market will be able to see the returns.

According to the Property Investor Show, 72 per cent of those who plan to invest abroad this year are looking at less-established countries.

Overseas Property - serving the overseas property market since 1992

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Overseas Buyers Consider Germany

Overseas property buyers have been encouraged to consider buying a residence in Germany.

According to NuBricks.com, the housing market has been relatively unaffected by the global credit crunch, as it has largely impacting on its manufacturing and export industries.

This was said to be partly because Germany is one of the most "credit-wary" countries in Europe, a trait which has cushioned it from the problems in the worldwide economy.

NuBricks.com added the nation could be particularly good for overseas property buyers because it offers a strong rental market.

Chintan Mahida, spokesperson for the website: "58 per cent of all its households rent.

"A lower demand for property buying and a solid rental base is what makes the German property market a safer bet over a speculative, emerging market."

She added that people who invest in the German market are likely to experience slow and steady growth.

Germany: - Property Abroad - for your overseas mortgages, buyers guides and the latest news on buying property in Germany

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