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Dubai showcases overseas property

The 2006 Worldwide Property Show has got underway in Dubai at the Grand Hyatt Hotel. Visitors to the show will be able to look at a wide range of overseas property, whether looking for a holiday home or an investment opportunity. A number of expatriates living in Dubai have already invested in the area, but they too may be looking to expand their portfolios in what is becoming a true property hotspot. The...

Intrawest wins at overseas property awards

Property developer Intrawest has won the Best French Apartment award at the annual Homes Overseas Awards for its Arc 1950 village development. The developer's first property development in France, the ski-focused village also walked away with the title of Best Ski Development. Arc 1950 Le Village was first launched in 2003, with eight phases sold to date, including the most recent Chalet des Lys. The...

UCB offers UK buy-to-let update

Investors tempted to buy property overseas may be interested in the snapshot of the current UK buy-to-let market provided by UCB Home Loans, subsidiary of Nationwide. Significantly few of the major English cities were singled out, with the top locations for investors proving to be in Wales and Northern Ireland. The buy-to-let market looks particularly strong in Swansea, where the area around the docks is...

Brazil poised for property boom

Brazil merits serious consideration as a location for those looking to buy property overseas, according to new research. The UK's Property Investor and Homebuyer Show North has calculated that capital growth in Brazilian property has been around 20 per cent in recent years, beating other high performers in Europe such as Spain (17 per cent) and France (10 per cent). David Green, sales director with Brazil...

Property show to debut in Abu Dhabi

One of Dubai's leading property investment and development events is to become biannual from 2007, with a second show taking place in Abu Dhabi. Together Cityscape Dubai and Cityscape Abu Dhabi will seek to promote investment opportunities in the UAE, capitalising on the vast potential for growth in the region's property market. He Ahmad Humaid Al Mazrouie, director general of the Abu Dhabi National...

Overseas property owners reminded of tax obligations

Owners of property abroad are being reminded that offshore assets, including property, are liable to UK tax. Charlie Hall, tax investigations partner at accountancy firm Grant Thornton is advising second home owners that failing to correctly disclose liabilities on overseas property can result in severe penalties and charges. However, Britons who know they are in breach of the overseas taxation...

Tianjin mayor calls for overseas property investments

The mayor of Tianjin in China has said he would welcome overseas investment in the Tianjin New Coastal District development. Speaking at the opening ceremony of 2006 Tianjin Week in Hong Kong, mayor Dai Xianglong said that the new district would expand regional development, but could not meet its potential without overseas investment. Plans for the district are expected to cost as much as $3.2 billion...

Dubai property proves appealing

Professional landlords are increasingly looking to overseas property investments as opportunities in other countries prove more profitable. The Sunday Times has reported that countries such as Dubai, Bulgaria and Canada are proving particularly popular with people hoping to find property abroad. They are looking especially attractive given the fall in buy-to-let rental yields in the UK. The Dubai property...

Europe embraces estate agent code

People looking to buy and sell property overseas are set to see the transaction process improved thanks to a new code of practice covering more than 40,000 estate agents across Europe. The International Code of Practice was introduced in the UK in May last year, gradually building up support across the EU throughout the year. It has now been adopted by all members of the European Confederation of Estate...

Conference considers stance on South African property

The sale of South African land to foreigners will be among the key issues on the agenda at the country's annual Top Property Conference. The two-day event on June 7th and 8th in Johannesburg will attract leading executives and foreign property investors and will compare property to other investment vehicles in South Africa. Other topics up for discussion include inner city rejuvenation and the global rise...