Eurostar has revealed that they are hoping to extend their network of trains in Europe. Amongst the new hoped-for destinations is the South of France.
Eurostar already runs trains into Paris from London, however the addition of new French destinations could be good news for overseas property investors who have already purchased in France. The extra routes would likely see an increase in tourism in the local areas and therefore help stabilise and improve local rental and sale prices due to extra demand. Read more... (208 words, 1 image, estimated 50 secs reading time)
At a recent press conference held by the Turkish Real Estate Investing Partners Association (GYODER), it was revealed that property sales in Turkey to foreigners in 2010 were up 40% reaching sales of $2.5 billion compared to the previous year.
Not quite eclipsing the pinnacle of Turkey’s property performance, between the economic peak in 2006 to 2008 sales to foreigners approached $3 billion, the recent figures disclosed in their “The Real Estate Sector of Turkey and The World, Fourth Quarter 2010″ report, clearly show that Turkey’s popularity as a holiday home and investment destination, unlike some countries, is far from waning. Read more... (622 words, 1 image, estimated 2:29 mins reading time)
By BuyingForeignProperty on Monday, April 4, 2011Filed Under: France
If you are looking to buy property in Europe, France’s property market is starting to pick up again and could be a good choice for overseas property investors.
According to the latest Knight Frank Global House Price Index, France has ssen a 9.5 pc annual increase in property prices in the last quarter of 2010 compared to the previous year. The French national estate agent body, the Federation National de l’immobilier (FNAIM), backs these figures up stating that in 2010, there was a 15 pc rise in the number of property purchases compared to the previous year. Read more... (177 words, estimated 42 secs reading time)
Even though Turkey’s surging economy is the current driving force behind the latest wave of interest in Istanbul, this is a city that is making a name for itself off its own back too, and drawing the attention of the European property investor, one expert has claimed.
A recent PricewaterhouseCoopers (PwC) survey has unveiled as the most popular location in Europe for real estate investors, and there are probably two crucial reasons for this: tourists and big business.
And, next month (March) the city will get another significant boost when it launches its first 40-day shopping festival. The event will dominate the entire city and is likely to see hotel room occupancy soar once again. Read more... (493 words, 2 images, estimated 1:58 mins reading time)
The Spanish government estimates there are 700,000 unsold new-build houses across the country currently on the market thanks to a massive oversupply of houses. So does this mean that property investors will be able to pick up a Spanish property investment bargain?
Spain has long been a popular destination for British expats who have looked to the country for their retirement years. The strong demand for housing led to a buoyant Spanish property market. Read more... (400 words, 1 image, estimated 1:36 mins reading time)
By BuyingForeignProperty on Friday, February 18, 2011Filed Under: European Property
With the schedule of events announced for the 2012 Games, Olympic fever is hotting up in the host city of London. But it’s not only the competing athletes going for gold; the race is on to invest in London’s booming hotel market.
As TRI Hospitality Consulting reported, London’s hotel market is going from “strength to strength”, currently outperforming most other European cities including failed 2012 Olympic Games bid city Paris, Madrid, Rome, Berlin and Amsterdam. Read more... (509 words, 1 image, estimated 2:02 mins reading time)
By BuyingForeignProperty on Thursday, February 17, 2011Filed Under: Turkey
Turkey remains a great place for overseas property investors to buy, particularly in the capital city of Istanbul.
In January alone, according to the Turkish Culture and Tourism Ministry, Istanbul saw a 28.5 pc increase in the number of tourists visiting the city – meaning many foreign property investors are keenly watching the local property market.
The was a large mix in the tourists visiting – Germans topped the list followed by Russia, Italy, Iran, the UK and the US. With new international airport already in the pipeline, it is unsurprising that many real estate investors are contemplating Turkey for their property portfolios. Read more... (154 words, estimated 37 secs reading time)