Britons investing in overseas property are fuelling a global boom in the industry, according to a new report.The overseas property market has gradually become more popular over the past decade, with the rise in usage of low-cost airlines and ever increasing house prices in the UK.Estate agent Knight Frank has published research on levels of inflation in foreign countries â which is prompted by...
Investment property abroad
A new region of Spain, the Costa de la Luz area on the south coast, could soon become a new area of interest for overseas property investors following a new deal to begin developments in nearby Gibraltar.Preliminary plans have been put in place to improve access to the airport in Gibraltar, as well as provide more favourable pension arrangements for Spanish citizens living there, according to reports.These...
Overseas property investors are continuing to invest in France, owing to the options for return that it offers, it has been claimedFrench property has been a regular choice for investors for a long time, according to the Independent, and continues to be despite new and emerging markets.Property sectors in eastern Europe are gradually achieving a higher profile in the eyes of investors, while areas such as...
Overseas property investors who have bought homes in Auckland, New Zealand, will have seen a gain on their outlay last month, with the average price of a home increasing to NZ$487,229 (£159,272).Figures from real estate company Barfoot & Thompson show that this is an increase of 3.3 per cent compared to June, as well as being the highest average price recorded in 2006 and the second highest the...
Investors in French property are set to see a positive return on their investment, following an announcement that the country's economy is headed for strong growth this year.Finance minister Thierry Breton told journalists that the French economy is currently performing to expectations.Mr Breton said that the figures for the second quarter of 2006, which will be released on August 11th, are expected to...
The Mexican property market is gaining an advantage from the amount of inward investment coming into the country, according to a new report.Some $11.6 billion (£6.15 billion) of private investment in the country's tourism sector has led to the property market in the country gaining a lot more exposure to overseas investors.The latest Sectur report on the topic found that the central American...
International investors could look to the traditional locations in Europe of Spain and France and turn their back on the Italian property market.The government is reported to be ready to push through a proposal that would see the rate of real estate deals tax rise to around six or seven per cent, much higher than the European-wide average of 3.3 per cent."This new tax puts Italy in a bad position for...
A real estate developer in the United Arab Emirates hotspot of Dubai has revealed plans for its latest development, which could attract overseas investors.High Rise Real Estate has unveiled plans for a housing block that includes four rotating penthouses and a villa that has its own car lift.In total, 72 residential units are set to be constructed in Jumeirah Village South, at a cost of approximately $50...
Overseas property investors are retuning to Australia and especially the region of Perth, according to the latest reports.An increased number of overseas investors from the UK have joined others from China and south-east Asia in purchasing property in the area of Western Australia (WA)."Perth's property market has been widely noticed because of its growth and, because of the resource boom, we are needing...
A growing trend among overseas investors seems to be the desire to be the first one to invest in a new area, according to the latest reports.More and more foreign property purchases are occurring in non-traditional areas such as Egypt, South Africa and Cape Verde as people look to capitalise on cheaper property prices."It's becoming a feeding frenzy to be the first one in ," Simon Conn, managing director...