The resort of Ayia Napa in Cyprus is beginning to shed its reputation as a haven for 18 to 30 package holiday customers and is appearing attractive to overseas property investors, Assetz claims.A decision has reportedly been made by the local government to bring in a more sophisticated market of holidaymakers and tourists by banning nightclubs that play music late at night and offering new facilities to...
The majority of demand for Bulgarian property currently originates from investors in overseas property from the UK and Ireland, according to Colliers International.A market overview by the company found that the interest in Bulgarian property from these investors has supported significant developments in recent years, both in mountain and coastal resort areas.The town of Bansko is the most popular area for...
The latest developments in property in Cyprus will be on display at the OPP Live '06 show this year, with a company from the island showcasing its most recent project.Land and property developer Alpha Panareti will be marketing its latest project in Cyprus at the event â St George Hills, located between Paphos and Coral Bay.Prices for properties in this new project range from £70,000 to £300,000 and...
The prospect of a crash in European house prices is now a less likely possibility for overseas property investors than was previously thought, reports claim.Rising interest rates had been expected to lead to a sudden drop in demand in the European property market, Reuters reports, but it is now anticipated that the slowdown may not be as severe as first feared.Speaking at the European Mortgage Federation...
Overseas property investors could be missing out on an opportunity by focusing on the traditional coastal areas of Cyprus and ignoring the potential ventures situated inland, according to Assetz.Gradually rising prices of Cypriot property in the island's countryside and development potential are reportedly being overlooked.Investors are traditionally more interested in the better known resort areas of...
Overseas property investors are currently being attracted to the market for Indian property as the sector continues to flourish based on positive economic growth.According to property and finance website in2perspective, 2006 has been a good year for Indian property, getting off to a positive start when the government opened the construction and development sector up to foreign investment.Several large...
People interested in overseas property investments will be able to attend a number of exhibitions which are being held across the UK in September.The Overseas Property Expo organisation has confirmed that it will be holding shows at the Radisson Hotel in Galway between September 1st and 3rd, at Limerick Racecourse on the same dates and at the Leopardstown Racecourse in Dublin between September 1st and...
Prices of UK property increased by 0.8 per cent in August, according to a Nationwide report, creating a "firm" market for people selling a house in the UK.The annual rate of inflation stands at 6.6 per cent higher than last year, representing an increase for the third consecutive month.Fionnuala Earley, Nationwide's group economist, pointed out that this is the fastest annual growth rate in UK property...
The market for Portuguese property is still a healthy and popular one, according to the latest research from currency specialist HiFX.Overseas property investors appear to be maintaining their interest in the Iberian country, despite strong competition from established areas such as France and Spain and emerging countries like Bulgaria and Croatia.People from the UK are particularly interested in the...
Bulgarian property is set to become a more widely accessible investment option in the near future following the confirmation that a company has planned a number of new developments in the country.The Lewis Charles Sofia Property Fund has announced that it has bought â¬2.62 million (£1.77 million) worth of land near the Pirin National Park.According to Overseas Property Professional, the...