Overseas property buyers from the UK who may be stretched by rising mortgage rates could be attracted to new developments that offer fractional ownership. This type of financing can allow buyers to purchase a home far beyond their usual budgets. Les Milton, Chairman of the Fractional Ownership Consultancy says: “Fractional Ownership is the shared ownership of a property, with the title deed being...
It appears to be a great time to buy property in the US for those with Sterling in their pockets as its recovers much of the previous week's losses against the US Dollar. Moneycorp currency specialists report that at the beginning of this week it found a burst of new support and Sterling was trading above $1.98 when London opened for the week.The Dollar got off to a slow start. There were no US economic...
A new luxury resort in Larache, Morocco is rising along the Atlantic coastline and is already a target for international real estate investors. The Port Lixus Resort is under construction just outside the coastal city of Larache, about 80 kilometers south of Tangiers. This is a government sponsored development under King Mohammed’s Vision 2010 initiative, the second such development to begin construction...
Lake Como, Italy has long been a popular place for tourists from all over the world, with its spectacular shoreline, alpine mountains reaching to the sky on all sides and its close proximity to major cities like Milan (Milano.) This part of the world has also attracted international property investors who want a home that is beautiful, secluded and still within easy reach of the major airports that can...
The Burj Dubai, or Dubai Tower, set to be the world’s tallest building, is taking shape in the heart of downtown Dubai. The iconic tower that will have a hotel, freehold apartments and offices has recently passed 130 floors and 1500 feet (468 meters) in height according to information just released by the developer (www.burjdubai.com ). The official finishing height is a closely held secret, but...
Overseas property professionals have been responding positively to the new International Developer Information Pack, or IDIP. The new resource aimed at consumers and agents alike can take the risk out of buying property abroad by checking the credentials of any overseas developer or development. This is in stark contrast to the UK's government’s introduction of a Home Information Packs which have been...
A new law recently enacted in Trinidad and Tobago has restricted foreign ownership of property on the island of Tobago and has created quite a stir there. The Foreign Investment Tobago Lands Acquisition Order 2007, which was effective as of February 16, 2007, states that “The island of Tobago is declared an area for which a foreign investor shall first obtain a license under the Act before acquiring...
While businesses and individuals increasingly look to save electricity, recycle and generally work with more environmentally friendly methods, the building industry has also started to get involved. Real estate investors, both domestic and international, have noticed this trend and are also looking for more green homes in which to invest. The Florida Green Building Coalition...
The case for investing in property from MoscowRussia has taken a blow after The Global Property Guide who advises international real estate investors branded it too expensive. Moscow property prices are now among the highest in Europe, at from US$10,700 to US$20,500 per square metre in the key areas of central Moscow where the elite and foreigners live, such as Patriarch’s Ponds, Arbat, Tverskaya,...
Land in the northern and northeast part of Brazil is a fantastic investment for international real estate investors. This is clearly demonstrated at overseas property portal Homesgofast.com where building lots are being sold from only £7000. Brazil is an emerging real estate market, and has a stable and growing economy. With hundreds of miles of untouched coastline and spectacular beaches, as well...