Homes on the west coast of Britain have been tipped as the most profitable in seaside areas for UK property investors, having seen the strongest levels of house price growth in the past five years.The seaside town to see the largest degree of growth is in fact on the east coast. Seaham, in County Durham, experienced a 181 per cent increase in value.However, 14 of the top 20 coastal towns that had the...
Cape Verde is becoming a destination of desire for Brits looking to buy property abroad, according to the latest research.Currency specialist HiFX found that the number of Brits enquiring about property on the island more than doubled â and almost trebled â since March 2006.While just five per cent of enquiries about buying property abroad were about Cape Verde in March, by July the...
The number of Brits choosing to invest in the Bulgarian property market has had an overwhelming impact on one small town in the country.According to a report in the Independent, the influx of Brits has turned the town of Bansko in Bulgaria into a "small corner of Britain in a foreign field", as the country continues to prove popular for overseas property investment.With the area offering fantastic skiing...
Overseas property investment is set to receive a substantial boost through high levels of City bonuses.According to Overseas Property Professional, a large portion of the £19 billion of bonuses that City workers are to receive this year will be spent on overseas property,This amount is a 16 per cent increase compared to bonus levels that have previously been recorded, according to official figures,...
People hoping to sell UK property are set to have a productive bank holiday weekend, an estate agent has predicted.According to property company haart, sales transactions have increased by 20 per cent so far in August compared to last month.The market for UK property is currently buoyant, owing to a number of factors. Confidence is reportedly strong, based on continued household growth.A shortage of...
Overseas property investors could be disadvantaging themselves by automatically choosing to target holidaymakers if they want to make their home available for rent.According to Assetz, the majority of people who buy overseas property immediately look for homes in the vicinity of airports, beaches, golf courses or other tourist attractions.These people could be better off searching within more sustainable...
The New Zealand property market is currently experiencing a period of stability in terms of house prices, the Real Estate Institute of New Zealand (REINZ) has said.According to the organisation, the national median price for residential property in New Zealand levelled off slightly in July compared to previous increases.Half of the 12 regions in New Zealand experienced reductions in median prices, while...
An exposition for overseas property investors interested in the Asian market is to be held in Macau in China, it has been announced.The Expo Real Asia show will be held at the Macau Tower Convention and Entertainment Centre on December 5th and 6th.It will consider a number of issues relevant to overseas property investors, including dynamic real estate development and investment opportunities all across...
The market for Australian property continues to be healthy, despite a recent rate rise in the country, as overseas property investors hunt for emerging markets.Suburban areas have reportedly been proving popular, owing to the affordability benefits available in these locales, with Beenleigh, Bulimba and Paddington in Brisbane key examples.Other areas which have been attracting attention are Elizabeth and...
The thriving town of Tarifa on the Costa de Luz appears to be offering a substantial boost to the Spanish property market.Tourists have consistently shown interest in the region, leading to the travel industry creating a strong base for housing in the area, which has seen prices steadily rise in the past before stabilising recently.According to Assetz, the Andalucia town has proved popular among overseas...