Bulgaria's expected membership of the EU is likely to boost the already booming property investment opportunities available in the Eastern European nation. Capital Sofia along with Bansko and the Black Sea resorts are being tipped to become even more popular with Britons looking for a sound investment. "If Bulgaria gets EU membership - widely tipped for sometime in the next three years - the city will...
Investment property abroad
A partnership has been struck which will see a number of new enterprises and investment opportunities emerging in the Bulgarian property market. Deutsche Asset Management, the global asset management arm of Deutsche Bank, and Bulgarian property developer Winslow Developments have agreed on a joint venture which will initially focus on residential developments in the country's capital Sofia. RREEF, Deutsche...
Overseas property investors who may be looking for an alternative option in the UK could consider commercial property investment, a sector which could perform well in the near future, according to property asset manager F&C. Commercial property has been delivering total returns of 20 per cent per year, the company reports, and further good results are predicted for 2006. The office sector is being...
Overseas property investors who are considering investing in Dubai have been informed of the areas in which they can purchase freehold properties. Prime minister of the United Arab Emirates, Sheikh Mohammad bin Rashid Al Maktoum, has now issued an official order covering 23 areas and 45 plots of lands that can be purchased by overseas property investors. These areas include Jebel Ali, the World Islands,...
The Chinese property market is set to become more safely monitored for investors as new measures have been announced to crack down on any irregular practices in the sector. A joint circular has been issued among the ministry of construction, the national development and reform commission and the state administration for industry and commerce in the country regarding the methods used in all real estate...
The commercial European property market is expected to offer more returns to investors than the UK sector over the next five years, Scottish Widows Investment Partnership (SWIP) reports. Overall the organisation expects the commercial property market in the UK to produce returns of seven per cent over the next five years, compared to a prediction of over eight per cent for the same market in western...
Bulgarian property is currently presenting an attractive option to investors, according to reports, as it has recently experienced a boost in the rate of return on outlay. According to Investment International the expected return on investment in Bulgarian property has jumped from 116 per cent at the beginning of the year to 137 per cent. Bulgaria is due to be granted entry to the EU in 2007 or 2008, which...
Indian property developer Unitech has toasted the current boom that is taking place in the country's property market, having seen its quarterly profit to March rise to 354.6 million rupees (£4.2 million). This is an increase of 450 per cent compared to the 64.5 million rupees of profit that Unitech experienced in the quarter up to March 2005. Overall net sales almost doubled for the company, from 1.2...
Countries such as India and China have been identified by overseas property investors as potential growth markets for the future, according to reports. Other regions noted as possibly beneficial areas for investment at the Reuters real estate summit in New York included Russia, Mexico, Japan and parts of South America. These markets have been recognised particularly by American investors as areas of...
A new report has found that the popularity of Spanish property as a second home for British people continues to be strong, as 65.7 per cent of Brits would choose this country as their preferred destination to set up a new residence. The Barclays-IESE Barometer has confirmed the strong presence of British ex-pats in Spain, with areas such as Alicante and Malaga particularly popular. However, a change was...