European Property Boosted by Credit-Crunch

Overseas property news is currently filled with Spain. One report released by the airline Monarch said that Cyprus, the Canary Islands and Malaga are currently their most popular destinations and that Spain is in fact more popular on the whole, this is particularly good news when you consider that Monarch also revealed that 43% more people have booked summer flights than this time last year.

Monarch also announced that 77% of respondents to a poll on the company website said the credit crunch would not reduce the number of flights they would go on next year, although 41% said they were looking to reduce costs.

Other Spanish news headlined Property Squeeze Hits Costa Teguise, concerned a popular location in Lanzarote that is beginning to be hit by the global situation. Meanwhile, other news told how Fuerteventura remains to be massively popular with tourists.

Liam Bailey, chief market analyst for overseas property portal Property Abroad gave us his views on what the latest news means for the various property markets:

“It is no shock to me that people plan to continue holidaying through the credit-crunch, in fact those that can afford it will tend to holiday more because of the considerable stress the current situation brings. This will be of benefit to the conventional European holiday hotspots including Spain, Turkey and up-coming Cyprus; because it will mean the holiday rental markets will remain strong.

“Just how much of a benefit it will be,” continued Bailey, “depends on how long the “credit-crunch” lasts; most people had made their holiday plans before the problems became severe and aren’t changing them. But if the problems continue three or four years down the line, then more and more people may pull-in-their-belts and holiday in Europe only – as I said, I can’t see many people, except the worst affected stopping holidaying altogether. However, more Britain’s may decide to holiday in the UK a few years down the line, which could boost holiday rentals in some of Britain’s holiday hotspots.”

Property Abroad have some excellent overseas property throughout all Europe’s holiday hotspots, including: property in Spain from £29,000, property in Cyprus from £31,000 and property in Turkey from £16,000.

Post a Comment about 'European Property Boosted by Credit-Crunch' Here >

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

Post a Comment about 'Turkey Tops Tourism Charts Boosting Turkey Property' Here >