Antalya Turkey Tourism Up   Turkish tourism is being pushed millions of UK visitors who are buying property and taking holidays in Turkey. Turkish government minister attributes part of the success to its hotels that are attracting wealthy tourists to Turkey.   Visitors to the country in the first nine months of this year are up by 6 per cent to 23 million, with 2.3 million travelling from...

Euro at a low as debt crisis continues Euro uncertainty continues as the Irish rescue package hangs in the balance pending the December 7th budget with a Portuguese bond auction due today. Yesterday ratings agency Standard and Poor’s put Portugal on credit watch with the need for rescue funds thought increasingly likely. Yesterday the Euro was trading at a two month low against the Pound,...

 Sterling high against the Euro As the Eurozone debt crisis continues to snow-ball (forgive the pun in today’s UK weather conditions!), the Euro has fallen to around a ten week low against Sterling. Fears are rising that Ireland’s signed rescue deal is under threat of being passed in the new budget on 7th December. Fine Gael, Labour and Sinn Fein have signalled they will...

 Alentejo Portugal the new Tuscany A leading Australian travel journalist has spent a month in the region extolling the many reasons why you would want to buy a property in Portugal.‘The Tuscany of 30 years ago’ Alentejo - Portugal’s central region - stretches from the Algarve in the south to the River Tagus in the north.  It is one of...

Spanish housing market over supply With Spanish property being as cheap as it has been for years, there has arguably never been a better time to buy in the country.  Recent figures from the Irish Times have suggested that there are over a million Spanish homes for sale.  However, thanks to a lack of potential buyers in the market, it could take many years for this ‘backlog’...

International house prices Overseas property prices indicate a story of two halves with winners and losers in the house price stakes . A surprising winner was Lativia whilst US house prices appear not to have bottomed out.   The Global Property Guide showed that 17 out of 35 countries recorded increases in house prices over the year to end Q3 2010 (based on inflation-adjusted house price changes). Of...

Cyprus with affordable luxury homes Cypriot house price falls has left the island with some of the most affordable luxury property in the sun.  The island now boasts a large number of spectacular, affordable luxury homes and villas, all within easy reach of the island’s airports. As the lower end of the property market continues to struggle, developers and estate agents are increasingly...

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With the prospect of a double-dip recession, stagnating house prices and severe Government spending cuts, more and more Brits are considering a move abroad for a better life.  And, new research has found that Brits are more mindful of the opportunities to buy an overseas home. Brits looking for a better life abroad Research recently published by Glotel showed that more than half of the UK’s...

 Overseas property investors will shudder to hear that Al Murjan Real Estate, developer of a $3 billion housing project in the United Arab Emirates, has filed for bankruptcy. At the same time Indian buyers are taking up residential opportunities in Dubai   The developer filed for insolvency in the emirate of Sharjah and two liquidators have been appointed, it was the first court-mandated bankruptcy of a...