International investors could look to the traditional locations in Europe of Spain and France and turn their back on the Italian property market.The government is reported to be ready to push through a proposal that would see the rate of real estate deals tax rise to around six or seven per cent, much higher than the European-wide average of 3.3 per cent."This new tax puts Italy in a bad position for...

A real estate developer in the United Arab Emirates hotspot of Dubai has revealed plans for its latest development, which could attract overseas investors.High Rise Real Estate has unveiled plans for a housing block that includes four rotating penthouses and a villa that has its own car lift.In total, 72 residential units are set to be constructed in Jumeirah Village South, at a cost of approximately $50...

Land laws could see the price of Spanish properties rise by a tenth, benefiting anyone who has invested in a home there.Although the intention was to reduce prices, the Association of Spanish Property Developers (APCE) claims that the Spanish government's proposals will have the opposite effect.Under current proposals, developers must hand over between 15-20 per cent of land which has been classified for...

A growing trend among overseas investors seems to be the desire to be the first one to invest in a new area, according to the latest reports.More and more foreign property purchases are occurring in non-traditional areas such as Egypt, South Africa and Cape Verde as people look to capitalise on cheaper property prices."It's becoming a feeding frenzy to be the first one in ," Simon Conn, managing director...

Overseas property investors are retuning to Australia and especially the region of Perth, according to the latest reports.An increased number of overseas investors from the UK have joined others from China and south-east Asia in purchasing property in the area of Western Australia (WA)."Perth's property market has been widely noticed because of its growth and, because of the resource boom, we are needing...

Bulgaria's expected membership of the EU is likely to boost the already booming property investment opportunities available in the Eastern European nation. Capital Sofia along with Bansko and the Black Sea resorts are being tipped to become even more popular with Britons looking for a sound investment. "If Bulgaria gets EU membership - widely tipped for sometime in the next three years - the city will...

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Investors are being warned away from banks when changing the thousands of pounds needed to buy a foreign property. According to brokers Foreign Currency Direct, buyers could have lost £1.8 billion due to poor deals on foreign exchange, banks typically giving worse rates for Euros than brokers. Yet 86 per cent of people buying abroad still use their bank, Commercial FX claims. "To make the most of...

Dubai's new property laws are expected to be completed by the end of this year and the "last part of the equation" will be completed, according to officials. Marwan bin Ghaliti, technical administration director at Dubai's land department, said that the rights of buyers will be more firmly established, especially those relating to co-ownership. "By the end of the year we will close the chapter on real...

Hungary is to get further development, increasing its already healthy property portfolio for potential investors. Real estate property investment firm Pacont announced that it has taken ownership of the prime Vaci ut corridor in Budapest. "Vaci ut is an obvious first choice for many property development projects," said Benny Iggland, head of Pacont. "One good reason for this is the excellent position and...