The popularity of the Bulgarian property industry has been improved by the state of the country's economy and finances, according to reports. According to Assetz UK, an announcement from the Nation Statistics Institute that the country's gross domestic product increased by 5.6 per cent in the first quarter of 2006, to reach a level of £3.4 billion, has offered a "helping hand" to the Bulgarian...
Investment property abroad
A European fund manager has agreed to a 165 million (£112 million) deal to develop residential property in Thailand. The developments will be pursued through a partnership between the TMW Asia Property Fund and local company Ananda Development. According to Reuters, the project is to be based in the Suvarnabhumi district, a developing area near the capital of Bangkok. Georg von Werz, manager of...
Mediterranean property developer Medsea has said that it expects the Italian property market to be popular this year and see a lot of inward investment. Medsea's Italian unit offers low-cost beachfront properties and expects them to make a significant contribution to its earnings and performance this year. The company also states that its interest in a number of other property markets is expected to...
An Indian property show is to be held at Dubai's Airport Expo between November 1st and 3rd, with more than 300 exhibitors attending. The show will represent various developments in Indian property and will play host to developers, letting agents, lawyers and consultants. Sumansa Events is organising the conference and is hoping that it will focus growing interest in the Indian property market from both...
Polish capital Warsaw has topped a list of the best places to invest in property abroad. Prestige Group's International Hotspots Index is designed to provide a detailed guide to the top-ten overseas property hotspots, helping potential buyers to consider the different conditions in each country. The index takes into account stamp duty levels, the legal system and financing possibilities, as well as...
A South African property specialist has called on the government to relax its work-permit regulations to increase economic growth through overseas property investments in South African homes. Citing Australia as a model of what could be achieved, Barak Geffen, executive director of Sotheby's International Realty said it made more sense to attract talent to South Africa by making it easier for foreigners to...
A government-owned property developer has argued that Dubai's new property law will add at least a year to the current property cycle. Farhan Faraidooni, chief executive of Sama Dubai, told Reuters that the law, designed to clarify the rules for foreign ownership of Dubai property, had been "introduced at the right time". Prior to the property law, the market was expected to see a period of correction...
Investors tempted to buy property overseas may be interested in the snapshot of the current UK buy-to-let market provided by UCB Home Loans, subsidiary of Nationwide. Significantly few of the major English cities were singled out, with the top locations for investors proving to be in Wales and Northern Ireland. The buy-to-let market looks particularly strong in Swansea, where the area around the docks is...
One of Dubai's leading property investment and development events is to become biannual from 2007, with a second show taking place in Abu Dhabi. Together Cityscape Dubai and Cityscape Abu Dhabi will seek to promote investment opportunities in the UAE, capitalising on the vast potential for growth in the region's property market. He Ahmad Humaid Al Mazrouie, director general of the Abu Dhabi National...