My Property Abroad

Top 10 overseas property destinations in June

noreply@blogger.com (Les Calvert) — Sat, 11 Jul 2009 07:42:00 +0000

The results are in for the Property Abroad.com monthly look at the most popular choices of those searching for property on the site in June. There are only a few changes from last month, but there is also a shocker or two in there.

The first change is America climbing one place to take number 1 spot from Spain, which is now in second. This continues the trend of America's rising popularity, on the back of the price drops American property has seen, the Pound strengthening against the dollar and reports that the American property market may be close to bottoming.

France and Greece have also swapped places, with France climbing one place to take 3rd, knocking Greece into 4th.

Cyprus fell back 2 places into 7th place, moving Turkey and Italy both up one place to take 5th and 6th respectively from 6th and 7th behind Cyprus last month.

Portugal remained 8th most popular in June as it had been in May, but 9th and 10th changed majorly. Egypt and Canada, which had only entered the top 10 last month in 9th and 10th place, have gone again to be replaced by Bulgaria and India.

Bulgaria isn't such a shock it comes and goes from the top 10, having lost some of the popularity it regained at the beginning of the year, it seems to be clawing it back a little once again. India however is a new one on the top 10, which is a resounding signal that all is not lost in terms of faith in emerging marker property investment.

The full results of the top 10 most popular in June were as follows:

America
Spain
France
Greece
Turkey
Italy
Cyprus
Portugal
Bulgaria
India

Compared to last month:

Spain
America
Greece
France
Cyprus
Turkey
Italy
Portugal
Egypt
Canada

View overseas property for sale

Top 5 Long Term Investment Destinations

noreply@blogger.com (Les Calvert) — Tue, 30 Jun 2009 10:06:00 +0000

When it comes to overseas property investment there are several choices to be made. What type of investment a person makes depends on what they want from the property, and the type of investment they are making also affects the destinations they will consider.

If a person wants a holiday home that will pay for itself in rental income when the buyer is not using it, then that person is a holiday home investor. They must choose a property suitable to accommodate them and those they holiday with, in a destination that they would like to spend their holidays in, which also has a strong rental market.

Then there are pure-investors, which are then split into short-term investors and long-term investors.

Short-term investors must choose a property that is going to appreciate rapidly in value, in a location where there will be plenty of people to sell to 2-3 years down the line. For this they will probably be looking for a strong and/or growing internal housing market.

Long-term investors have a much wider choice; because, failing some catastrophic event, practically every property is going to appreciate in value over the long-term. The question is by how much?

For long-term investors it is primarily about economic growth and stability. It is growth in the economy that really pushes up house prices, and also increases internal demand for housing and second homes, which in turn provide the exit strategy.

Below we have attempted to narrow down this vast choice, by choosing five destinations we think will be among the most lucrative for long-term property investors.

Albania

Albania is busy making the transition into a great industrialised nation. The government has managed the economy excellently over the last decade, making some excellent structural reforms. Between 2002 and 2006 a quarter of Albania's poorest were brought out of poverty. This led to the World Bank upping Albania's status to a middle income country in 2007.

This meant that Albania could then apply for loans from international banks as oppose to being reliant on hand-outs from the likes of the International Monetary Fund.

Albania made the most of this; taking out several multi-million dollar loans for infrastructure projects to increase the productivity of the country.

These included a massive loan from the Japanese government to improve the country's canal system, another from the European Bank for Reconstruction and Development to build a new terminal at Albania's largest port in Duress, and another loan to build a major highway between Duress and Kosovo.

What's more Albania is on track to join the European Union in 2014. Their loans and grants will aide in Albanian economic reforms, and EU membership will boost the economy massively.
Property values in Albanian cities, especially the capital Tirana will grow exponentially over the long-term, especially since they have such a low starting point. You can currently buy a luxury 2 bedroom apartment in Tirana for under £50K off the plan. This is likely to be worth £250-£500K within 7-10 years.

Panama

Even as almost every country in the world is falling into recession, the Panamanian economy is to grow by 3% this year according to the International Monetary Fund. Panama's economy is primarily fuelled by its strong and massively growing services sector, especially the services involved in the operation of the Panama Canal, the only waterway that transverses the land-bank between Central and South America, as well as the Colon Free Trade Zone. More recently tourism has started to play a bigger part.

The Canal is currently being expanded to triple its capacity. This has led to Panama being at the centre of global investment, with many businesses seeing the benefit of having offices or distribution centres within range of the Canal. Because of this Panama's economy will continue to grow between now and the completion of the expansion in 2014, when growth will accelerate.

The good thing about Panama is that it is the most popular choice for American retirees, to American's what the Costas are to Brits if you like. This can be looked upon as an exit strategy for today's investors. Panama property is likely to be worth 2-5 times its current value over the next 5-10-15 years.

Brazil

In Brazil's case it is simple. Brazil is among the top 5 largest food exporters in the world, with the world's second largest cattle stocks, and is also the second largest exporter of meat. On top of that Brazil's services sector is growing rapidly as are the hospitality, construction, tourism and health tourism sectors

The world's leading analysts have predicted that Brazil will be the fifth largest economy in the world in the next 5-10 years. Yet property is currently a lot less expensive than in the world's other leading economies -- especially if you look at houses on the internal market.

As Brazil grows into one of the largest economies, property in Brazil will grow in value till prices are similar to those in the other major economies, at which point growth will slow to the established market average of 10% per annum.

Tunisia

Tunisia is also one of the fastest growing emerging market economies, based mainly on massive growth in the agricultural sector, and more recently stable growth in the construction industry. The Tunisian economy is expected to grow by over 4% this year according to the IMF.

Tunisia is unique among the emerging markets because the government would not allow foreigners to buy property until over 75% of the internal population owned their own homes. This is far more than in the world's larger economies, including the UK in which only 71% of people own their own homes.

Property in Tunisia presents the opportunity to buy property at the low prices you'd expect to find in an emerging market, within the developed internal housing market you'd expect to find in an established market. A great combo for the long-term investor.

Philippines

You can't have a list of top overseas property investment destinations without including parts of Asia. The only reason there aren't other Asian countries in this is because of laws preventing foreign ownership, and/or because they are better for short-term investment which is of course another article.

The Philippines is the tiger among the emerging property markets of Asia. Its services sector continues to grow exponentially on the back of the outsourcing boom which has expanded due to the credit-crunch tightening the belts of global businesses. Worker remittances from the thousands of Filipinos working abroad also continue to grow. Because of these two industries and others, the Philippines economy is forecast to grow by over 4% this year according to the IMF.

The Philippines was among the worst affected by the Asian economic crash earlier this millennium, so property prices are currently among the lowest in Asia. Because of this and the fact that the two main growth sectors mentioned above are pretty much recession-resistant, the Philippines is an excellent long-term property investment destination.

The 5 best sunny locations for bargain property and great beaches

noreply@blogger.com (Les Calvert) — Thu, 25 Jun 2009 10:07:00 +0000

The world of overseas property for sale is now vast and varied. It used to be that British buyers would buy holiday homes abroad, but mainly they would be in Spain, France or Italy.

The overseas property boom brought about a new trend: overseas property investment, and with it the emergence of hundreds of new emerging markets where British people - and those from around the world - would buy property solely for investment.

Many of these new markets are in sun-soaked destinations, and in range of great beaches. What's more because they are new emerging markets property is available at low prices, not least because the areas are newly developed and most of the properties are off plan.

We have put together a list of the 5 best such locations, in terms of property prices, proximity to and quality of the beaches and various other factors. They are not in descending order, because of people's differing preferences, but they are what we see as the 5 best.

Dominican Republic
Once held the title of the cheapest property in the Caribbean until Isla Margarita emerged onto the scene, with a rapidly developing tourist infrastructure, and rapidly growing tourism. Plenty of apart-hotel products with strong guaranteed rental yields

Isla Margarita
The cheapest place you can buy beach property in the Caribbean, and outside the hurricane zone, with a warm climate all year round and pristine un-crowded beaches, Isla Margarita is definitely one to watch. Currently you can buy a 2 bedroom apartment for under £70k, but not for long so get in now.

Calabria
You can't have a beach-list for me, without including Calabria: Mediterranean beauty comparable to the favourite Tuscany, but property at half the price, and pristine beaches surrounding you on three sides. Most beach property in Calabria comes with sea-views owing to the fact that the land slopes upward away from the beach for the most part.

Panama
Again this is a favourite because of the combo: low property prices combined with great beach and climate. But Panama is also on the list because it is packed with investment potential, and has a strong exit strategy in being the top destination for American retirees to buy property. Panama's economy is expected to grow by over 4% this year, putting it in a strong position to continue growing till 2014, at which point the canal expansion will triple GDP growth. Currently you can buy luxury property near the beach in Chiriqui for under £100k - a bargain.

Turkey
Again, this has the same combo as laid out above, cheap property, great climate, beaches and also loads of investment potential from its massively growing tourism industry (23million tourists 2008 - 30million expected this year). Turkey has a coast to the Mediterranean sea, and to the Aegean sea, the Aegean region is particularly popular with British buyers, and you can pick up properties for under £50k. ug3rmkjyas

Property Abroad group relaunches yet another satellite site

noreply@blogger.com (Les Calvert) — Tue, 16 Jun 2009 21:47:00 +0000

The Property Abroad Group have relaunched yet another one of their popular property satellite sites aimed at making the overseas property buyers search more specific to the areas of their choice.

The group who own hundreds of property related websites have embarked on a 3 year programme to redesign and relaunch many of their overseas property websites and have already made headway with the relaunch of sites like:

a property in bulgaria
a property in cyprus
a property in portugal
buying property in france
buying property in italy
buying a property in spain
buying property in turkey
investment property abroad
buying property abroad
sell my property

These come only 6 weeks after the group relaunched its flagship website www.property-abroad.com after 10 months of development and design work.

The group now also features a white-label product that allows other companies to feature the groups properties on their own website and it pays commissions on every lead generated. They also have a web services product for the more active development sites.

Our plans for 2009/10 is to relaunch the entire groups sites including its rental portfolio of property rental sites including the rent a villa abroad website which is undergoing a complete redevelopment.

For more details on the group visit their website property abroad.

Cyprus Property Regaining its Popularity with Overseas Buyers

noreply@blogger.com (Les Calvert) — Mon, 15 Jun 2009 14:45:00 +0000

Cyprus property has grown in popularity again between April and May according to the data collected by Property Abroad.com from people searching for overseas property on the site.

Cyprus property was seventh most popular with searchers in April this year, and it was fifth most popular in May.

"As we said when we revealed our quarterly data, the growing popularity of Cyprus is a sign that the solutions recently offered to the title deeds scandal have restored confidence in the market, and that, along with the new golf courses, and Disney world proposed for Cyprus, are making it once again a popular choice with overseas buyers," said Julie Liddle, the portal's emerging markets analyst.

Julie was referring to the fact that Walt Disney named Cyprus as the chosen destination for the second Euro Disney (first in Paris), around the same time as the government approved 14 new golf courses in the areas most popular with tourists. Golf is one of the major attractions with visitors to Cyprus.

Property Abroad is currently marketing Cyprus property for sale, priced from as little as £25,000.

Property Abroad.com top 10 overseas property destinations for may 2009

noreply@blogger.com (Les Calvert) — Thu, 11 Jun 2009 08:22:00 +0000

Overseas property portal Property Abroad has revealed the top ten most popular countries for May, and though many of the results may surprise many people, one explanation accounts for them all according to Julie Liddle the portal's emerging trends analyst.

The fact that Spain and America remained in first and second position will come as a surprise to very few people.

Greece and France taking third and fourth positions is a big shock however, especially given that they were in eighth and ninth positions respectively last month. This is a sign that the lifestyle buyers, who have been waiting to see how far prices will fall, are coming back into the market, according to Julie Liddle.

"France taking fourth place from Portugal, and Greece taking third position from Turkey, is a sign that the pent-up demand that myself and many analysts believed existed for the higher end overseas properties in established markets was real, and is starting to be released now as the Pound strengthens against the Euro," she said.

Another semi surprise: Cyprus climbed two places to steal fifth position, which was held by Italy last month. This is also because the lifestyle buyers, who have been waiting for a stronger Pound, are coming back into the market, according to Liddle.

"Cyprus property again, was mainly being bought by lifestyle buyers, and its rising popularity now further enhances my belief that the Lifestyle buyers who were hanging back waiting for the Pound to strengthen, and see how far Eurozone properties were going to fall in value, are now coming back out with a vengeance," Julie said.
Turkey fell back to sixth from fourth last month, Italy seventh from fifth last month, Portugal dropped back an incredible five places to be eighth most popular in May, and Egypt gained one place to take ninth position in May.

The final shock came in Canada re-entering the Chart in 10th spot. Canada hasn't been in the top 10 since the first quarter of 2008. Julie put forward a possible reason for Canada re-entering the chart.

"This is another sign that the pent-up demand is being released. Canada property prices were falling, and there have currently been reports that the market is close to bottom. Those waiting to see how far prices would fall, are now getting in and seeing what kind of bargains they can get," she said.

The full results of the top 10 for May are as follows:

Spain
America
Greece
France
Cyprus
Turkey
Italy
Portugal
Egypt
Canada

Compared to Last Month's:

Spain
America
Greece
France
Cyprus
Turkey
Italy
Portugal
Egypt
Canada

Celebs buying property abroad

noreply@blogger.com (Les Calvert) — Wed, 03 Jun 2009 21:04:00 +0000

The Algarve is proving popular among celebrities, with Angelina Jolie reportedly looking to buy property in the area.

According to reports, Jolie and partner Brad Pitt are hoping to raise their children in the region.

The Hollywood couple are looking for a home in a small village called Lagos, one source has revealed.

Lagos is a historic town, exemplified by its 16th-century walls, museum, fort and marina, among its many attractions.

Commenting on the star's Portuguese house hunting, the source said: "She loves Portugal and wants to raise her kids there"
"She's looking in a quaint village called Lagos. She wants to move there as soon as possible."

The area is home to some five kilometres of beach, making it an ideal destination for holiday homes and family properties.

Last month, Kylie Minogue was reported to be considering purchasing a home on the Costa Brava.

Written by Les Calvert

Top 10 overseas property locations so far in 2009

noreply@blogger.com (Les Calvert) — Fri, 15 May 2009 18:13:00 +0000

Overseas property portal Property-abroad.com have revealed the top 10 most popular countries in the first quarter of this year, in terms of searches for property on their site. It is surprisingly different from their results for the same period in 2008, and their results for April released last week.

The biggest surprise is that the 1st and 2nd most popular countries for Q1 and on into April, Spain and America, have switched positions since Q1 2008, that is to say that America was most popular and Spain second most popular in Q1 2008.

"This is not what people would have expected; American property continues to get cheaper and cheaper, making it more and more popular. Other surveys have recently showed America becoming more popular as this process continues.

Our results show that America's rising popularity peaked last year, when prices fell sharply but the UK was still in relatively good economic shape. Since then the UK has fallen into recession and the Pound has weakened against the dollar," said Les Calvert director of the portal.

Not so much a surprise but definitely worth mentioning is Turkey's climb from 10th most popular in Q1 last year, to 5th most popular in Q1 this year and 4th most popular in April this year.

Canada has been knocked out of the top 10, replaced by Australia in 10th place between Q1 last year and Q1 this year, Bulgaria climbed from 9th to 8th, and France fell massively from 4th in Q1 last year to 9th in Q1 this year. Other than that the results are pretty constant.

The full results of Property Abroad.com's annual quarterly results are as follows:

2009

Spain
America
Portugal
Italy
Turkey
Cyprus
Greece
Bulgaria
France
Australia

2008

America
Spain
Portugal
France
Italy
Greece
Cyprus
Turkey
Bulgaria
Canada

Property abroad buyers are doing their own research

noreply@blogger.com (Les Calvert) — Wed, 29 Apr 2009 22:09:00 +0000

More and more investors looking to buy property abroad are deciding to do their own research into potential destinations, an expert has claimed.

According to Liam Bailey, director at Write About Property, many purchased homes based on the words of other people, which led to a number experiencing problems.

However, he explained that investors are increasingly opting to research investments by themselves.

Indeed, property firm Primelocation.com recently reported that in March 2009, there was a rise of 14 per cent in the number of people searching for overseas properties compared with the same period the year before.

Property for sale in America was found to be a particularly popular search, accounting some 15 per cent of the property enquiries.

"[Investors] are looking at individual properties and individual regions on their own merits and trying to do as much research as possible," Mr Bailey commented.

He warned prospective buyers not to rely on currencies to influence their decisions because they are "all over the place" at the moment.

Driving in Spain

noreply@blogger.com (Les Calvert) — Fri, 24 Apr 2009 21:39:00 +0000

So you've decided your gonna have a go! Well its the only way to get around unless you like donkeys or worse still Taxi Drivers? Really if you intend to live in Spain you must take some time out and visit the areas surrounding your choosen domain. Here are a few pointers and things to consider if you intend to drive in Spain:-

To drive a foreign registered car in Spain you must carry with you, your passport, current driving licence, valid insurance and vehicle registration document. Vehicles should display a national identity plate (GB/USA etc). You should carry two red warning triangles, first aid kit, fire extinguisher and a set of spare bulbs.

The roads in Spain vary from very poor to very good. The main connecting roads are generally excellent. Roads are classified thus:

Autopista (motorway) - A or E - prefix to road number, often these are toll roads

Autovia - dual carriageway, not necessarily with a central reservation

Carretera Nacional - N or CN - prefix to road number, main roads

Carretera Comarcal - C - prefix, country roads

Carretera Local - by-road

At all times expect the unexpected. Just because there are road signs and signals to adhere to - doesn't mean they are! Drive carefully until you get used to the way in which the traffic flows. Remember at all times especially in country lanes what side of the road you are supposed to be on "the right" or was it the left?

Remeber to give way to traffic from the left, especially at roundabouts. Always wear your seatbelts and don't drink and drive - the limits are very low and the penalties very high, as are on-the-spot fines for traffic offences.

Parking - Ha!
If the pavement is painted yellow - don't park, if there is a sign saying No Parking - don't park. If you're not sure - don't park unless of course you want to get towed away which is fine if you want to shell out the standard fines of £40-£50 per offence. Just be careful where you leave your car and always lock valuables out of sight in the boot or glovebox. However, you will note that in general the Spanish park where they stop - I dare you!

Seatbelts
Where fitted wear them as its now compulsory on all roads to wear seatbelts both front and rear.

Taxed and tested
The road tax in Spain is related to the individual vehicle and the area. As in the UK your vehicle will need to undergo an annual inspection called an ITV, to verify the condition of the vehicle. Most major towns and cities have several ITV stations to which you can take your car.

Autopista (toll) roads
Good or Bad Spain has them. They are normally of excellent standard and all have service stations every 40km or so. The tolls are expensive and are usually calculated per km. Some toll roads, for long distance travelling allow you to collect a ticket at the start and then pay the total when you exit the road. For short distances you will pay the toll as you exit the toll road. As you approach the peaje (toll booth), you will be confronted with several lanes. The telepago lane is for cars fitted with a special chip on the windscreen. Automatico is for paying by credit card or the exact change and the manual has an attendant who collects your fee. All useable lanes will have a green arrow, un-usable lanes display a red cross.

New laws and mobile phones
The use of a mobile telephone whilst driving is now banned in Spain, although you can pull over to the side of the road to take an emergency call. Those who break the law face fines of up to 300€. Motorists are required to use hands-free kits, which doesn´t include earphone connections. It must be equipment fitted to the power supply of the car.

Fines - ouch!
Yep they do hurt especially when you're not used to them Fines imposed for speeding are are calculated at 6€ per kilometre over the speed limit and are payable on the spot. Speed traps are becoming quite frequent now so watch your speed. There are fines for not carrying the right documentation also so make sure you have all your details with you and drive carefully.

Courtesy of Property Abroad

property abroad in france drops in price

noreply@blogger.com (Les Calvert) — Wed, 22 Apr 2009 20:47:00 +0000

Investors who are looking to purchase a property abroad could be able to benefit from house price reductions in France.

Statistics from real estate group FNAIM showed that between January and March this year, property values were nearly ten per cent down on the same period of 2008.

However, the figures also revealed that the rate of decline in house prices appears to be slowing down.

Values were one per cent down on those recorded between October and December 2008, during which time prices were 6.5 per cent lower than in the previous quarter.

FNAIM added that house prices for the year as a whole are likely to decline by at least five per cent, and possibly as much as ten per cent.

Meanwhile, overseas property buyers who are looking to purchase a home in France have been encouraged to look at the Pyrenees.

According to the Telegraph, the region is an oft-overlooked area that is a good alternative to the French Alps.

Written by Les Calvert

Property Abroad - for your overseas mortgages, buyers guides and the latest news on buying property in France

US visitors encouraged to buy property in Turkey

noreply@blogger.com (Les Calvert) — Fri, 03 Apr 2009 21:33:00 +0000

Second home buyers could find buying a property abroad in Turkey yields positive returns.

According to Property Wire, the European country is currently making a concerted effort to promote its tourist attractions to leisure travellers from the US.

Turkey's affordability is being lauded as one of its main selling points, as it offers much lower prices than other Mediterranean nations such as France and Spain.

As a result, overseas property buyers could be well-placed to benefit from a surge in the number of visitors from overseas. Graham Holding, a second home owner with a property in Antalya, said rental investors in particular could benefit from the decline in tourism in other nations, such as Bulgaria.

"Knowing that Turkey is part of a major advertising campaign in the US means that we can target these markets," he commented.This comes after Abta - The Travel Association highlighted Turkey as one of the main hotspots for British holidaymakers this year.

'Buy property in France,' expats advise

noreply@blogger.com (Les Calvert) — Thu, 19 Mar 2009 21:17:00 +0000

Prospective expats have been advised to consider buying property in France by a couple who recently headed across the Channel. Tracey Harris and Frank Maximillian left the UK earlier this year and said they are enjoying life in their French property.

Ms Harris told the Daily Mail that life in their converted 19th century flourmill was far more relaxing than living in the UK.

"We love France as you feel like you can breathe Life is simpler, safer and calmer," she commented. She admitted that the cost of living in France was proving slightly more expensive than in the UK, but said she was happy she left because her home country has become "materialistic".

The Times recently listed Brittany as an area of France that is particularly popular with buyers from the UK.

Property Investment News - Mexico

noreply@blogger.com (Les Calvert) — Sat, 14 Mar 2009 09:45:00 +0000

Mexico could become a popular destination for retirees looking to make the most of their currency in later life, experts have suggested.

According to real estate professional Maurice Glazer, the country could become a prime spot for those who want a retirement home in the sun.

As well as offering a number of lifestyle benefits, the weakness of the peso could encourage cash-strapped buyers looking to stretch their currency as far as it will go.

Mr Glazer, an international tax expert with Glazer Financial Network, told the Dallas Morning News: "This is a beautiful country, with friendly, warm people. The potential is enormous. You're looking at the remaking of Mexico."

Mexico was recently described as a "country we can count on" by Luis Riu, the chief executive officer of Riu Hotels and Resorts.

He said there has been steady interest in rental accommodation and hotels in the country and that it is a popular tourist destination.

This is likely to be welcome news for property investors planning to rent out homes in Mexico.

Property prices in Switzerland 'continue to rise'

noreply@blogger.com (Les Calvert) — Wed, 04 Mar 2009 21:32:00 +0000

Overseas property investors looking for a steadily growing market in which to buy a house might consider purchasing in Switzerland.

According to recent data from the Global Property Guide, the country is one of the few nations round the world to experience growth in property values over the last two years.

In 2007, the country experienced a 0.71 per cent increase in prices year-on-year but in 2008, this figure rose to four per cent.

During the final quarter of 2008, the cost of a home rose by 1.39 per cent compared with the same period in 2007.

The only places to exhibit greater year-on-year growth in 2008 were the United Arab Emirates and Shanghai, China.

This comes after Property Wire claimed more overseas real estate buyers are being encouraged to purchase holiday homes because there are a number of high-quality houses available in other countries.

Florida Repossession Properties Advertised with Full Details

noreply@blogger.com (Les Calvert) — Tue, 17 Feb 2009 22:28:00 +0000

Overseas property portal Property Abroad can now make details available of the many Florida and Orlando repossession properties it has on offer at bargain basement prices. Late last month the portal announced it had been approached about advertising large numbers of repossessed properties in Florida, and the amazing bargains that were among them, but couldn't give any details. Now the details have become available Les Calvert said:

"Florida's repossessed properties are being very well market. Unlike the repossessed properties in Spain, pictures have even been provided of some of the Florida units we are advertising. I said that incredible bargains could be found among these properties last month, but even I wasn't aware of just how incredible they were. We are now advertising a 5 bedroom house in Orlando Florida for little over £17k.

"To anyone that's first thought was ah but where in Orlando is it? Give yourself a slap; a five bedroom house for that price makes its exact location in Orlando irrelevant. I know some people will think that because I did when I saw it, it's almost natural."

The irrelevant location of the five bedroom house in Orlando mentioned above is 649 Katherine Ct, it has three bedrooms and is in need of renovation. The anticipated resale value of the property is $125,000 if bought to flip when the renovations are complete.

The next price up is just over £21k for a 3 bedroom house in Orlando, 2223 La Due Ct., Orlando, FL 32811 to be exact.

Les Calvert picked his star property, and it was not the least expensive; a 3 bedroom house at 2205 Topelo Rd., Orlando for just over £31k. Unlike many of Orlando's foreclosed properties this is not in need of serious refurbishment, the decor simply needs updating. The home sold for $75k in 1998, and is tax assessed at over $97,000.

Property Abroad has many more foreclosed properties, and not only in Orlando throughout other parts of Florida, all can be viewed by searching America from the homepage, and selecting price: low to high from the drop down menu.

Property Portal Sees 25% Growth in FSBO Properties

noreply@blogger.com (Les Calvert) — Tue, 17 Feb 2009 22:25:00 +0000

Property-Abroad.com Ltd, a company that is collectively responsible for over 300 websites, each specialising in a particular county or area of the property industry, has announced a 35% increase in the number of properties for sale by owner (FSBO) since July 2008. Les Calvert director of the group said:

"FSBO is really taking off for us as more people look to release capital or move. Also the downturn in various global markets and people realising they are not going to make the rapid gains they perhaps thought when they invested has brought many people to sell their properties as they rush to cut their losses.

"But not just that," continued Calvert. More and more people are making the web their first choice for almost everything they, buy, sell, need to find out or want to achieve, so it is logical that more people would seek to sell their own property online, which is often less expensive and more cost-effective than advertising with agents. In fact FSBO has become such a growing market lately we have set up a new website specifically catering for FSBO properties: sell-my-property.com"

Sell My Property have some excellent for sale by owner properties, including a 3 bedroom house in for sale by owner in Murcia Spain, which can be bought for little over £70,000. Thought the property is in need of full renovation, the bargain price allows for that and the creation of a wonderful holiday home in Spain, or buy-to-let investment property.

Sell My Property.com is also listing an absolutely stunning 2 bedroom renovated farmhouse for sale by owner in Sicily. The villa, located in the south east of Sicily has retained all its original features and has been kept in the style of a traditional Sicilian rural abode. The property comes with 9 hectares of land containing olive groves and carob trees, as well as traditional Sicilian plants like Thyme and Sage. The villa is on one level and sleeps up to 6 people giving it incredible potential as a holiday rental property.

Sell My Property have hundreds of for sale by owner properties, find out more by visiting the site.

Sell My Property.com - a Revolutionary New Property Portal

noreply@blogger.com (Les Calvert) — Fri, 30 Jan 2009 19:49:00 +0000

The Property-Aboad.com Ltd group has announced the launch of a revolutionary new online property portal. Les Calvert, Property Abroad director commented on what makes Sell My Property.com different.

"Sell My Property.com is different because it focuses on attracting private sellers who want to sell, auction or part exchange their property in a difficult market.

"While the sites primary focus is to attract sellers of property by being high in the search engines for many key searches. We have also created the site to take advantage of the economic slowdown and help those looking to move abroad or indeed back to the UK to secure a property sale. We assist sellers by using traditional sales methods alongside our new online auction and part exchange programmes."

Selling your property online has advantages to begin with; properties for sale throughout Property Abroad's portfolio of portals are viewed by more people in one second than a whole day in any estate agents window. On top of that buyers can see properties for sale by owners as well as properties being sold by agents and developers, so they get the best of both worlds.

But Sell my Property.com's specialising in selling properties, means it is able to offer a wide range of additional services and resources to make selling your property easier, including help with the creation of Home Information Packs for those selling properties in the UK, and detailed guides to selling property overseas. The latter categorised by country and property type, can be viewed on line for free.

Buyers to the site will also benefit from the massive property database, detailed buying guides on buying homes in the UK and abroad, the ability to contact the seller free of charge and Sell My Property's affiliation with HALO Financial which will ensure they get the best deals on currency exchange when buying property abroad.

Both buyers and sellers alike will benefit from Sell My Property's enhanced and comprehensive search facility. Buyers will benefit from being able to find the exact property they are looking for from the thousands on their books -- their dream home abroad or in the UK. And sellers will benefit from the knowledge that their property will be seen by their target audience, thousands of people who are looking for a property abroad.

About Sell My Property

Sell my property is a revolutionary new online property portal focussed on selling, auctioning and part exchanging property in the UK and Abroad.

To find out more contact Les Calvert at info@sell-my-property.com

Sell My Property.com - a Revolutionary New Property Portal

noreply@blogger.com (Les Calvert) — Fri, 30 Jan 2009 19:46:00 +0000

"Sell My Property.com is different because it focuses on attracting private sellers who want to sell, auction or part exchange their property in a difficult market.

About Sell My Property

Sell my property is a revolutionary new online property portal focussed on selling, auctioning and part exchanging property in the UK and Abroad.

To find out more contact Les Calvert at info@sell-my-property.com

Belize Property: Great Holiday Home or Investment

noreply@blogger.com (Les Calvert) — Mon, 26 Jan 2009 21:55:00 +0000

An industry expert has stated that properties in Belize -- like several other Latin American countries -- continued to grow in value rapidly through the beginning of the credit-crunch, and are holding their value now as the credit-crunch continues to become more severe.

Les Calvert, director of overseas property portal Property Abroad said:

"While Belize never really became massive news as an emerging market, its emergence, if largely silent was one of the quickest and most profitable of all overseas property markets. A luxury 2 bedroom apartment in Belize is now almost £200,000 to buy. We are advertising several 1 bedroom houses, none of them under £200,000 -- in fact one of them is over half a million pounds. But I certainly wouldn't advise anyone to wait and see if prices drop; they won't! And before you know it prices will begin rising rapidly again."

The luxury apartments Les referred to are in the Bella Maya Resort apartments. Bella Maya is 6 acres of beautifully landscaped beach and lagoon-front land; a luxury hideaway with over 400 feet of private Caribbean beachfront on the Placentia Peninsula. Belize is home to the world’s second largest barrier reef and a lush tropical rainforest. It also has a rich diversity of wildlife and a large concentration of Mayan ruins, all of which are making Belize increasingly popular with international tourists .

The apartments won the Home Overseas award of best Caribbean apartments in 2007. On top of that there is significant national & local investment in tourism; the international airport has been upgraded to receive flights from Europe & the main Placentia road is being re-built.

All in all Belize is a fantastic place to buy a property, whether you are buying a holiday home or an investment property. Holiday home buyers will love diving from a cliff astride a waterfall into a tropical ocean before snorkelling the reefs. While investors will enjoy the moderate rental yields made possible by Belize's rising tourism, while they wait for prices to begin their rapid growth anew.

100Billion Euros gives German Property Investors Hope

noreply@blogger.com (Les Calvert) — Mon, 26 Jan 2009 21:50:00 +0000

The German Government is about to unveil a multi-billion Euro fund to assist businesses that can't obtain finance from the banking system, Chancellor Angela Merkel has revealed.

The package -- worth some 100 billion Euros (135 billion dollars) -- is aimed at helping to tide healthy firms over until normal levels of bank lending can be resumed, she said in an interview with Bild am Sonntag to appear Sunday, adding: "We do not need 100 billion Euros of new money because this is about guarantees."

Liam Bailey, chief market analyst for overseas property portal Property Abroad gave his views on the plan:

"Germany has been one of the most robust economies in Europe, but it is beginning to fall victim to the financial crisis; recently recording its first unemployment hike since 2006. Less people own their own home in Germany than any other EU country, so people investing in German property do so because of the solid residential rental market. The down-side to this is that the government is forced to impose and maintain strict controls over the raising of rent in Germany.

"When the German economy was extremely strong, was hoped these controls may be eased. If unemployment was to continue rising these controls could become more severe. Therefore overseas property investors looking at Germany will be hoping the new fund, staves off unemployment before it has a chance to become a problem, and helps Germany make it through the credit-crunch without taking any drastic measures to further restrict rent rises."

Property Abroad have some solid investment properties in Germany, including a tenanted apartment in Spandau, Berlin offering a 6% rental yield. The apartment has been rented out to the same person for ten years, thus the person has a reliable income. A 6% yield is very good for Berlin, though it is likely because the price of the apartment has been dropped for a quick sale. The good thing is: rents in Berlin are so common and so regimented that even if the tenant was to become unable to pay the rent, or was to move out for any other reason, the new tenant would be found quickly without dropping the rental rates.

English Property Bargains Present Investment Opportunity

noreply@blogger.com (Les Calvert) — Mon, 26 Jan 2009 21:32:00 +0000

The English property market is offering an abundance of fantastic investment opportunities, according to an industry expert. Liam Bailey chief market analyst for property portal Property Abroad said:

"I just can't believe the price of the off-plan units we are advertising. It's like the world has turned upside down. A big strength of recommending markets like Albania and Montenegro last year was that properties could be for a fraction of what they would cost in the UK, but now you can buy an off-plan 1 bedroom apartment in the UK for less than a 1 bedroom off-plan apartment in Montenegro, in comparable locations. These off-plan properties will grow in value rapidly when they are completed and the market recovery begins."

Property Abroad have several cut-price off-plan developments in England. One of the biggest bargains is the ManYoo off-plan development in Salford Quays, offering 2 bedroom luxury apartments in a prime waterfront location just outside Manchester city centre from just £113,000. When the UK economic recovery begins, whenever that may be, chic 2 bedroom pads like this on the outskirts of a major city could be worth anything from twice to even three or four times that amount.

Liam Bailey said about the ManYoo development:

"This is an incredible bargain. If I had the money, which unfortunately I don't due to my growing family shrinking my bank balance, I would buy a 2 bedroom apartment in the ManYoo development myself."

Another bargain English property listed by Property Abroad is The Rise development, offering 23 high-end 2 bedroom apartments on the outskirts of York for just £144,950. The apartments are 2 bedroom 2 bathroom properties, many including en-suite and changing room facilities. According to the developer the apartments are being released at 15% below their market value.

Property Abroad is also listing 1 bedroom apartments in central Leicester for just £91,847. The 53 1 and 2 bedroom luxury apartments have fitted kitchens, wood-strip or carpeted floors, under-floor heating, video entry and secure allocated parking.

Visit the site to find out about Property Abroad's other bargain properties in England.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

Repossessed Spanish Property: Holiday Home Buyer and Investors Dream

noreply@blogger.com (Les Calvert) — Mon, 26 Jan 2009 21:23:00 +0000

Spanish property is currently offering many bargains, as the market crash causes prices to drop 16% with another 15% forecast for the coming year. But the biggest bargains are the Spanish repossession properties. Liam Bailey chief market analyst for overseas property portal Property Abroad commented on repossession property in Spain:

"If you have ever seriously considered investing or buying a holiday home in Spain, repossession properties are like the reduced section of a supermarket 10 minutes before closing time. We are listing properties at 1million Euros below their valuation price. Now, for holiday home buyers these are perfect, imagine having a €500,000 budget, and getting a 1 million Euro villa in Marbella to spend your holidays in for the rest of your life -- it's just incredible.

"But the one I would recommend for investment is a repossessed property in Marbella priced at just €203,037, which is some €580,000 below what it has been valued at. Properties priced that low but yet that far below their value have got to be recommended for investment to be re-sold to Spaniards looking for a home in the area when the area recovers. €580,000 is a big window of opportunity, and when the global economy/Spanish property market starts to recover even if you make half that you have more than doubled your money."

Property Abroad have hundreds of repossessed Spanish properties, the being sold for the farthest below its market value is the one referred to above a repossessed property in Marbella with a valuation price of €1,560,000 being sold for just €477,400.

Property Abroad has repossession properties in Puerto Banus, Nueva Andalucía, Estepona, Duquesa and of course Marbella, find out more by visiting the site.

Spanish Property Presents Bargains, Tenerife Growth Continues

noreply@blogger.com (Les Calvert) — Mon, 26 Jan 2009 21:15:00 +0000

Spanish property prices could drop by up to a fifth in the next year, according to market experts. Figures from the Spanish Property Owners Guild (SPOG) show that property prices have already dropped 16% and the body is forecasting a further 15% drop in the coming year.

Another study released shows that the number of British people buying property abroad has risen significantly since 2001, and that 54% are buying overseas property as holiday homes or as retirement homes. For these people, many of whom will buy in Spain; further price drops are great news.

While price-drops in Spain are a very negative event, especially for those who invested before the crash, but Liam Bailey, chief market analyst for overseas property portal Property Abroad talked about some of the positive aspects of the drop in prices.

"Spain is still the most popular destination with overseas property buyers, and that is almost completely undeniable owing to the fact that several recent overseas buyer surveys have put Spain in first place. And with Spain's popularity with tourists remaining strong, this translates to higher rental yields on Spanish property. In the current climate, most people are buying-to-hold for the economic recovery, and I would recommend buying a property in Spain with this in mind more-so now than I would have a year ago. If you can get a real bargain, and I mean a good property, cheap as chips in an area not over-developed, buy it."

"Despite the situation in Spain," continued Bailey. "Tenerife property has continued to grow in value; in the middle of 2008 a studio on a resort complex in Los Cristianos could be bought for €57,000. We (Property Abroad.com) are now listing the least expensive resort complex studio in the same area of Los Cristianos for £62,000, which converts to over €67,388, a price rise of £10,000 (just under 5%) in 6 months. Now undoubtedly some of that is because of the change in the sterling/euro exchange rate, but in today's climate a price-rise is a price-rise.

"I am also happy to see Tenerife properties continue to grow in value, because that is what I predicted 6-12 months ago."

news articles on Spain

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New Bulgarian Property Website Relaunched

noreply@blogger.com (Les Calvert) — Wed, 07 Jan 2009 16:10:00 +0000

The overseas property portal Property-Abroad.com Ltd have released their latest revamped website Property in Bulgaria. A website dedicated to the sale and rental of local properties for sale throughout Bulgaria direct from local estate agents, property developers and private individual sellers.

The Bulgarian property site brings together a huge database of properties for sale in Bulgaria including popular ski resorts in Bulgaria like Bansko, Borovets and Pamporovo. In addition you can view beach properties in Bulgaria around Sunny Beach, Golden Sands, Nessebar and others including cities like Varna and Sofia the capital.

The website also boasts an online bookable holiday and villa search where you can book flights, holidays and villas and apartments for rent in Bulgaria.