A rise in tourism and international airline flights has helped to increase the sales of property in Thailand, according to a new report. Real estate firm CB Richard Ellis, the nation’s largest international provider, notes that soaring investment in Thai property is, in large part, attributable the popularity of the country as a tourism destination. In Phuket, the firm reports a 32 per cent...
The central Bulgarian city of Plovdiv is becoming a popular tourist site in one of Eastern Europe’s most popular countries. International visitors and second home purchasers are looking for more and more homes and destinations in this country. In 2007, Bulgaria experienced one of the highest growth rates of tourism in the world, according to Clement Wong, travel and tourism manager for Euromonitor...
Tourism in Egypt grew by 20% in 2007, according to the United Nations World Tourism Organization (UNWTO). The Middle East, despite continuing turmoil, is one of the strongest tourism markets in the world, according to the report. For all of last year, some 46 million tourists visited the Middle East, and 10 million came to Egypt. The capital city of Cairo and the tourist resorts of Sharm El Sheikh and...
Investors buying property in Dubai for a quick profit could actually be harming the future of Dubai booming housing market. These were the comments made the head of Dubai Real Estate Regulatory Agency Over the last few years the popularity of Dubai real estate has been consistent with most properties being bought off plan. The Emirates population is growing rapidly and is expected to increase from the...
According to a recently released study, prices for agricultural land in Brazil is heading upwards as demand from food and biofuel send prices to a record high The average price for a hectare has risen more than 16% over the past year to 4,135 reals ($2,500), said the Brazilian subsidiary of British group Agra Informa. Since 2005, the price of such land has increased 35%. This seems to be part of...
CEO Nicholas Marr of International real estate website Homesgofast.com gives his angle on the US housing market. I am a unique position running an international property website which attracts thousands of buyers each day. I observe month by month which overseas property market is attracting buyers. It is easy to pick up new trends and also what investors are getting excited about. Types of...
16/05/08-Buying abroad and renting in Britain could well be the new trend for young property buyers living in the UK. This trend is being demonstrated by first time British buyers choosing Bulgarian property over the UK . Getting a foothold on the property ladder is increasingly difficult for Britain's first time buyers but not in Bulgaria. Nearly one in four are now priced out of the UK property...
Britain’s Halifax estate agency undertook research which reveals some surprising results relating to the sale of homes in the UK that have a price tag of 1 million pounds. It showed that the number of million-pound properties sold across the UK had risen by more than a third in 2007. It appears that the 2007 high end property market was buoyant with buyers snapping up luxury homes in the UK. The...
The 77 year award winning designer Sir Terrence Conran is about to end his career as a restaurant owner as he seeks to sell off his entire restaurant business. Conrans restaurants feature regularly in gossip magazines and are haunts of the paparazzi as they attract a wealth of celebrity diners. Kate Middleton, the girlfriend of Prince William, was recently seen at Sir Terence's Bluebird restaurant in...
Despite the credit crunch and the weakening pound tourist visitor numbers to Lanzarote have soared during the first quarter of 2008. According to official statistics recently released by Spanish airports operator AENA and the Cabildo de Lanzarote. Lanzarote’s key market – the UK – has played a leading role in this upswing. With British visitor numbers climbing by an impressive 8.7% during the...