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Truro tops UK property rise table

The town of Truro has beaten off competition from some of the bigger cities to register the highest increase in residential property price per square metre (psm) in the UK. Although London remains the most expensive city to live at £3,582 psm, and Oxford comes second with an average £2,741 psm, Truro's property has rocketed by a staggering 262 per cent in a decade, according to Halifax Estate...

Specialist offers weekend viewings of Spanish homes

A specialist overseas property agent is offering potential buyers weekend trips to view luxury golf resort property in Spain's Murcia, just south of Alicante. An opportunity for Brits thinking to buy Spanish property, Villaminder is offering to pay for the overnight accommodation in hotels or apartments in the area, along with hospitality. Clients interested in overseas property would only need to pay the...

Property expert urges SA to encourage overseas property investments

A South African property specialist has called on the government to relax its work-permit regulations to increase economic growth through overseas property investments in South African homes. Citing Australia as a model of what could be achieved, Barak Geffen, executive director of Sotheby's International Realty said it made more sense to attract talent to South Africa by making it easier for foreigners to...

New Hampshire homes a hit with Brits

More people from the UK are looking to buy US property on the strength of the pound-to-dollar exchange rate, but many are looking further than the obvious choice that is Florida New Hampshire-based Badger Realty explains that while travelling to Florida from London can take up to 11 hours, a flight to New England takes around half as long, making it an attractive overseas property investment opportunity....

Arabia exhibition showcases overseas property

Property Arabia 2006 has opened in Bahrain, providing pointers and other information for those thinking of property investments abroad. Open to the general public as well as the trade, the various exhibitors present will showcase many of the major property investment opportunities in the Gulf region, as well as new developments in countries such as Malaysia and Australia. Within the Middle East region,...

New law to extend Dubai property cycle, says developer

A government-owned property developer has argued that Dubai's new property law will add at least a year to the current property cycle. Farhan Faraidooni, chief executive of Sama Dubai, told Reuters that the law, designed to clarify the rules for foreign ownership of Dubai property, had been "introduced at the right time". Prior to the property law, the market was expected to see a period of correction...

PIA backs Florida insurance bill

The National Association of Professional Insurance Agents (PIA) in the US has said that some parts of a recent Florida property insurance reform bill could be used by Congress for national insurance legislation to help storm victims. Given final approval by Governor Jeb Bush on May 16th, the new legislation includes a flex-rating system allowing rates to be adjusted by up to ten per cent, and the option of...

Investors making for Morocco

Bulgaria, Romania and Morocco are all emerging as potential property hotspots, according to experts. Spain is still the number one destination for investors looking to buy property abroad, but could suffer from its present state of saturation. Along with the current strength of the Euro, this has led one estate agent to suggest it can take as long as two years to sell Spanish homes, Reuters reports. By...

Welsh investors warming to Bulgaria

Welsh homeowners looking to buy overseas property as an investment are increasingly being attracted by Bulgaria, according to one property company. Swansea-based developer, Britannia Overseas Property, said that the level of demand in Bulgaria is so high that prices rose by almost 50 per cent last year, while experts anticipate these will double within the next year. The average price of one of Britannia's...

Investors looking north for UK property

The north of England is poised to overtake the south as a location for property investments, according to a new survey of specialists. Almost three-quarters (72 per cent) of exhibitors at the forthcoming Property Investor and Homebuyer Show North said they saw investors taking advantage of better buy-to-let opportunities in the north of the country. They said that increased investment in infrastructure and...