Press News Releases - European Property

Grupo Drac, Mallorca's Largest Developer, Goes Into Administration

Thu, 01 Jan 1970 00:00:00 +0100

Grupo Drac and owner Vicente Grande, Mallorca's biggest property developer, sought protection from creditors this week in the biggest sign yet that the slowdown in the Mallorca property market is taking grip.

With estimated debts of over 600million euros, within the 14 strong company group, there is real concern across market as to the consequences of, what has become, the biggest corporate failure in the history of the Balearic Islands.

An interesting twist to the tale is that Vicente Grande owns 93% of the shares in Real Mallorca football club and is also Chairman. Only time will tell what impact the collapse of Grupo Drac will have on the financial picture of the club.

The group, established in 1995, has been at the forefront of the development boom, that characterised much of Spain and Mallorca. However, in line with so many Spanish property development companies, the highly leveraged approach adopted, and the unsustainable growth in construction and prices, has now become the Achilles heal that has brought the business to it's knees.

Apart from its Mallorca property activities, Grupo Drac have an international division with projects as far afield as Santo Domingo, Mexico, Bulgaria and Poland.

Concerned about the market and how to seek out genuine buying opportunities amidst the "crisis"? Contact independent property advisors and Chartered Surveyors, Mallorca Chartered Surveyors (www.mallorcacharteredsurveyors.com)

News story provided by Mallorca Property News (www.mallorcapropertynews.com)

Euopean Inflation Hits 16 Year High

Thu, 01 Jan 1970 00:00:00 +0100

Eurozone inflation has been revised up to the highest level for 16 years and the European Central Bank's main concern now is that rising wage costs could add increasingly to the pressures created by soaring oil prices.

Annual inflation in the 15 country region last month was 3.7 per cent up from 3.3 per cent in April. This rate is the highest since the Eurozone came into being in 1999 and since 1992 on a comparable basis.

It was on the back of these concerns that the ECB threatened to raise interest rates by a quarter point to 4.25% in July helping to drive the Euribor, main reference rate for Spanish mortgages, higher. The announcement also pushed the Euro higher against Sterling making it a double blow for Sterling denominated purchasers requiring mortgage finance to purchase a Spanish property

Editors Note: Sterling based purchasers should look at options to delay currency converting until the Euro starts to waeken, as is anticipated late in 2008 2009. Various banks are offering mortgages with euro loans backed by a Sterling deposit with the latter repaid at the client's discetion when the exchange rate picture has improved. In most cases the interest received on the Sterling deposit is greater than that payable on the associated Euro loan thus leaving the client in a positive or at least neutral cash flow position. Contact a good mortgage broker, such as The Mallorca Mortgage Business www.mortgagesinmallorca.com for further information.

The ECBs fear is that high inflation rates caused by high oil price will become entrenched by feeding through into wage settlements. The hope is that the planned increase in interest rates next month will be enough of a signal to reduce expectations about medium and longer term inflation rates. The ECB's target is for annual inflation to be "below but close" to 2 per cent.

On a positive note details of the latest inflation data showed "core" inflation, excluding volatile energy and unprocessed food prices, rising only modestly in May to 2.5 per cent, from 2.4 per cent in April.

The main headache for the ECB faced with such a blunt tool as "central bank interest rates" is that within the eurozone, inflation rates continue to vary considerably. At the top end Slovenia inflation stood at 6.2 per cent in May, while Belgium, Greece, Spain, Cyprus, Luxembourg, Malta and Finland all reported rates over 4 per cent. At the other end of the scale, inflation was just 2.1 per cent in the Netherlands

News story supplied by Mallorca Property News (www.mallorcapropertynews.com)

Deutsche Bank Spanish Housing Market Report

Thu, 01 Jan 1970 00:00:00 +0100

A recent report from Deutsche Bank on the Spanish housing market and economic out look highlights the risks of Spain moving into recession in 2009.

The depth of the property crisis and the importance of this sector to the general health of the Spanish economy are the main reasons why Deutsche Bank feel there is a real risk of Spain moving from one of Europe's fastest growing economies into a recession next year. Highlighting public sector expenditure as the main reason why they see growth will continue this year they feel that continuing weakness of the housing market, in a sector that in recent history has contributed around 9.5% of Spanish economic output, could be enough to put the economy into reverse.

They estimate that housing starts will fall by a massive 40 50% during 2008, that the construction sector will not recover for around 3 years and that the crisis may be even more severe than those of 1992 and 1997. In relation to the general trend for Spanish property prices they predict falls of between 2 and 8% this year and 5 10% in 2009.

And the reasons behind the property / housing crisis? The credit squeeze and severe restriction of bank lending within the housing sector and sentiment within the market that prices have peaked linked to buyers delaying purchase decisions.

Coupled with the weakening demand picture Deutsche Bank highlight the "stock" of unsold properties on the market which they estimate at around one million. With underlying demand estimated at around 400,000 units per year it is estimated that it will take several years of reduced new unit output for this to be taken up, particularly where demand remains weak.

The picture painted by the Bank is not helped by the continuing rise in the Euribor, the main reference rate for Spanish mortgages. Only last week this reached a near record rate of 5.429% on news that the European Central Bank (ECB) may need to increase interest rates in the face of ever strengthening inflationary pressures.

Editors Note:

Of interest to property owners and buyers will be the relative performance of the housing market at a regional rather than national level. With both the supply and demand side factors varying quite significantly across the country the outcome for the market is likely to be quite different. While some mainland coastal regions have experienced huge speculative construction booms, driven in part by Europe wide investor interest, and leaving a legacy of empty units, other areas have seen a more balanced supply and demand picture that should ensure the picture is one of a "soft landing" rather than full blown crash. In this respect Mallorca and the wider Balearic Islands are likely to be one of the regions best able to ride out the storm.

News story provided by Novi Property Mallorca (www.novipropertymallorca.com)

Spanish Property & Economy Update

Thu, 01 Jan 1970 00:00:00 +0100

The Spanish business school presented last week it's annual report on the Spanish economy putting forward another downbeat view of life both generally and specifically for the Spanish property sector. Discussing the spectre of negative equity they suggested that 10% of all Spanish mortgage holders could be in negative equity by the end of the year.

In line with many market commentators the report put forward the view that price falls of between 20% and 30% could be expected putting huge pressure on owners of property purchased within the last three years, particularly where high loan to value ratio mortgages were agreed. With many mortgages granted in recent years arranged to cover 120% of purchase values, (to assist with purchase costs etc) many mortgage holders will move deep into negative equity.

With the Spanish economy slowing and estimates rising for unemployment levels, mortgage defaults look set to increase making negative equity even more painful for home owners forced to sell their properties and further weakening sentiment in the sector.

The report concludes that while the slump in the general economy may bottom out by the end of 2009, the Spanish property market may not see light at the end of the tunnel until 2012. The key question for property buyers is not just how the market will perform at a national level but more importantly what will happen within the quite different Spanish regional property markets.

News story provided by Novi Property Mallorca (www.novipropertymallorca.com)

Greek property invasion

Thu, 01 Jan 1970 00:00:00 +0100

Greek buyers are most interested in property in the coastal Varna and Bourgas, as well as the ski resort of Bansko. Over the past two years, Greece has staged a "real onslaught" onto the Bulgarian and other Balkan markets, Greek business newspaper Imerisia reported on May 7.

Greek construction companies, mainly from the northern part of the country, have been building large residential, office and retail developments in Albania, Bulgaria, Croatia, Romania and recently, Macedonia.

At the same time, hundreds of individual investors have been buying homes, which they either rent or use for recreation.

Despite the recent spike in Bulgaria, Greek buyers still believe local property prices to be affordable, Imerisia said.

Greek buyers are most interested in property in the coastal Varna and Bourgas, as well as the ski resort of Bansko.

Greece is not as keen on other Balkan states because of the surge of property prices in recent years. A new apartment in Bucharest, for example, sells at 1700 euro a sq m, whereas Serbian rates are comparable to those in Greece, at about 2200 euro a sq m.

Source: Elena Koinova / propertywisebulgaria.com / Greek business newspaper Imerisia

Korinia Director voted as Vice Chairman of North Cyprus Estate Agents Association

Thu, 01 Jan 1970 00:00:00 +0100

Guray Haksever, the founder and Co. Director of the longest established estate agency in North Cyprus, Korinia Estate Agency has been voted by his colleagues within the North Cyprus Estate Agents Association as the Vice President of the organisation.

The group, headed by Mr. Hasan Sungur, aims to raise standards within the sector and set rules for estate agents to regulate and uphold a high level of professionalism for those working within the North Cyprus property market.

The government will liaise with the association regarding relevant new proposals and laws and has already taken steps towards a new system that will prevent un registered estate agents from trading. Under the latest proposal, any new property sales transactions will only be accepted at the land registry office if they are stamped by an Estate Agent who is a registered member of the association. Registered Estate Agents will be held accountable for problems caused by misrepresentation or dishonesty which will benefit buyers and sellers alike and maintain the reputation of the more professional organisations within the property sector.

DPI Worldwide Property Show Discover your place in the World

Thu, 01 Jan 1970 00:00:00 +0100

Why not come along to one our Free Property shows? Meet our team of highly trained professionals with first hand experience of living, working and buying property overseas. We will be happy to answer any questions, offer impartial advice or just have an informal chat about overseas property investment.

We cater for all tastes whether you are looking for a home by the sea, an investment property or a lifestyle choice, we can guide you in the right direction. We have an extensive up to date portfolio of developments currently available in Cyprus, Florida, Bulgaria and Turkey to name a few.

Book now for one of our twice daily seminars hosted by property professionals and developers keen to impart their vast first hand knowledge and experience of the market.

Our free seminars offer advice ranging from the purchase process, tax planning, off plan investments, rental income, moving and living abroad.

Come and join us at the Gatwick Hilton on Saturday, February 2nd. Book your place now 0207 099 8210

Tailor Made

Thu, 01 Jan 1970 00:00:00 +0100

Carefree Living projects are based upon a wide range of facilities, amenities and services, underpinned by leading edge technology within the construction of the properties. Carefree Living encapsulates the promotion of healthy living in a luxury home situated in a peaceful part of your favourite European country.

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Bridge Property International is proud to be working with the leading provider of `carefree living` projects in Europe Tailor Made International property B. V.
With developments in Spain, France, Italy and Germany, Tailor Made International B.V. have been building developments in Europe for over 14 years
Director of Bridge Property International, Mike Luxon said "People are living longer and retiring earlier and our research shows that this target market has a growing interest in moving abroad. Interest levels in the duration of the stay vary, but one thing is for sure, the numbers buying and moving abroad is going to increase. Presently 1 in 10 UK residents over 55 live/ retire abroad. By 2012 the number will increase to 1 in 8, rising to 1 in 5 by 2020". Luxon continues "Our relationship with the developers of the `carefree living` projects, places Bridge Property International at the forefront of this growth market and also provides our future clients with access to serenely beautiful locations, excellent local and regional gastronomy, superior build quality and a future which they can enjoy".
Current developments include
Residencia la Ciguena
Situated in the south west Spanish province of Huelva near the small resort of Istantilla. It lies halfway between Seville and the Portuguese city of Faro.
La Ciguena comprises of 27 villas and 216 luxury apartments, set in a rural area close to a national park, golf course and bird sanctuary. Prices Start from �148,000 (Approx.)
Le Castel
Based in the south west, Midi Pyrenees (Le Gers) region of France, Le Castel is characterised by superlative levels of service and facilities.
The development covers the south facing slopes of two hills adjacent to the village of Castelnau d`Auzan. A magnificently situated site, this will be divided into 111 individual plots of roughly 725msq each. This will provide enough space for a series of detached villas with private gardens, plus ten spacious `maisons de maitre`, housing a total of 62 apartments (each with a terrace). Prices Start from �175,000 (Approx.)

(Bridge Property International offer developer prices only for clients
Bridge Property International is also pleased to be able to offer the Le Castel project to investors who understand the growth of the retirement market and are interested in investing in group unit purchases on this site. 1st Phase is due for completion, 2009.
For details of this investment opportunity please contact Bridge Property Investments
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With developments to suit all budgets, Bridge Property International can offer some of the most desirable developments in the most sought after regions around the globe.
The directors of the business pride themselves on sourcing some of the most unique development opportunities for investors, retirees and holiday home owners alike.

" 30 "

For further Information:
Mike Luxon Director
Bridge Property International Limited 0044 (0) 1293 763 028

Castril de La Pena

Thu, 01 Jan 1970 00:00:00 +0100

Castril is located in a little known area called the Altiplano de Granada, in the most NE tip of the Granada province in Andalucia. A diverse area in part dry and barren to fertile valleys and fantastic vistas. At this time of year the views of the snow capped mountains of the Sierra Nevada are fantastic. It is an area steeped in tradition, with many local fiestas and celebrations throughout the year the main fiesta is in October and should not be missed with the running of the bulls and much free flowing Sangria. It is also a fantastic location for many outdoor activities. Down in the beautiful Sierra de Castril the river runs all year reaching the Embalse Portillo. There are many activities available, for the more energetic both mountain and road cycling is great, mountain climbing, walking etc. With the fantastic ever changing scenery it is a painter or photographers dream. You experience every season here, snow in the winter, almonds blossoms and an abundance of poppies in the spring to high temperatures in the summer (40�plus) to autumn colour as the poplar trees lose there leaves.

The wildlife is fantastic and throughout the year Griffon Vultures can be seen in many numbers circling above. There are many other birds to see, kites, eagles etc and the spring flowers of camomile, poppies and wild rocket cover the land.

Castril itself is a traditional Andalucian village, with white washed houses and narrow cobble streets. The visitor centre offers much information about the area with maps on many of the walks availabe. In the summer the local pool fed direct from the river is beautiful and offers a great place to relax in the sun. There are a number of bars in Castril and in this area tapas is still freely given with a cerveza (beer!)

If you want a change from the normal Spanish holiday then Castril and the surrounding area is definitely worth a visit, although off the beaten track access is good with excellent road links to many airports, Granada, Almeria, Murcia and Alicante.

History was made this week in Cyprus when the central bank met to set interest rates�

Thu, 01 Jan 1970 00:00:00 +0100

Not because it was for the first time, but because it was for the last. For the record, governor Athanasios Orphanides said the three rates set, the key refinancing rate, the Lombard rate and the overnight deposit facility, would all stay as they were, the Cyprus Mail reports.

Mr Orphanides said any changes would have "no marked difference" and the monetary policy committee backed this view. Thus the curtain starts to fall on the Cypriot Pound.

New Year's Day will be a momentous one. It often is somewhere in the European Union, with 2007 seeing Bulgaria and Romania expanding the club to 27 members. 2008 will see the number of eurozone members in the union climb to 15, with Cyprus joining fellow Mediterranean island nation Malta.

Momentous event

The Cypriot central bank is on record as stating that this event is as momentous as it gets, saying: "Cyprus is preparing for one of the most important changes in its history." This is undoubtedly true in economic terms at least, for the central bank statement went on to add that this brought the country into an economic zone which is home to 310 million people.

While Mr Orphanides and his colleagues seek new employment, property investors should be very busy in the country, according to worldwide real estate firm Property Abroad. Director Les Calvert said that the country was already hugely popular, stating: "Cyprus has been increasing in popularity over the last year and more people are now making specific enquiries for property in Cyprus."

Part of this, he noted, was because of a financial situation which was in fact about to change: "There are still a few properties around that are free of VAT out there so people are jumping on and trying to snap up properties where they can."

A new opportunity awaits

Yet Mr Calvert was convinced that the country's property scene would benefit from the euro, predicting: "When the euro comes in it will make the property market a lot more open and I expect the market to rise quite healthily."

He advised that investors would be able to make good use of "excellent" foreign currency mortgages provided by Swiss and other banks, though these were "more advantageous" for those living or at least gaining income from overseas.

Cyprus will await the new year with interest, preparing for an economic and political future tied into the heart of Europe. For investors looking to sink their capital into property in the eurozone, a new opportunity awaits.

Further Tightening on Mortgage Lending in Mallorca

Thu, 01 Jan 1970 00:00:00 +0100

Further to our previous reports (Oct 07) of banks tightening mortgage lending criteria there is now real evidence of banks significantly restricting lending and widening margins.

While earlier talk of tightening was more anecdotal the situation now is much more severe with many banks widening their interest rate margins changes from 0.75% to 1.5% above Euribor (the reference rate for most Mallorca and Spanish mortgages) are not uncommon and, more significantly, some banks are actually closing their loan books, at least to new customers.

The next few weeks will be very telling for what we can expect from lending criteria looking forwards into 2008 with news awaited on Corporate results from the banking sector, and general liquidity in the market, both at the Mallorca and international levels.

While this is clearly unhelpful to a property market already adjusting to a period of very limited growth, most commentators feel that while 2008 will be harder, both in relation to the financial and property markets, the defencive qualities (relatively limited supply, restrictive planning policies, demand underpinned by lifestyle purchasers as opposed to speculative investors) of the Mallorca market should go a long way to ensuring any down turn should be quite moderate. Furthermore serious buyers with sizable deposits could in fact find interesting buying opportunities as vendor expectations become more realistic and banks look to quality rather than quantity on their loan books.

What is clearly even more important in the current climate is for buyers to look into their mortgage borrowing requirements, well in advance of commencing a property search, thereby establishing their budget and being in a stronger negotiating position once the appropriate property has been identified.

Should you wish to discuss your Mallorca mortgage requirements please contact The Mallorca Mortgage Business

Story supplied by Inversiones Novi SL

Sellers Packs marketing your Mallorca property

Thu, 01 Jan 1970 00:00:00 +0100

Home Sellers Packs have been one of the recent hot topics both amongst estate agents and the general public in the UK as the Government there has tried, in a rather clumsy fashion, to use legislation to force their introduction across the market. In many respects it is rather surprising that something which on the surface of things seems relatively sensible should cause such fierce debate and controversy. Much of that has been due the breadth of information suggested for these Packs, the timescale for their introduction, who is qualified / able to provide the reports and the fact that they are being forced on the market rather than being introduced voluntarily.

In Spain and Mallorca, to date, there has been little or no talk of the use of such reports but is there a place for them, in whatever form, and how could they assist the process of selling and buying real estate investments? As, in the main, representatives of buyers, Novi Property Mallorca and Mallorca Real Estate Search know only to well how often lack of information, or delays in obtaining information, either holds up a sale or even frustrates it all together. What could be done?

Starting at the most basic level there is a certain amount of information that will be needed when it comes to agreeing the private contract for sale (Contrato Privado equivalent to exchange of contracts in England) and proceeding to completion. Getting this information at the outset will not only save time, once a buyer has been found, but will demonstrate a "seriousness" and "transparency" in approach by the vendor which could well make the difference between a buyer making an offer or not. Serious and well informed buyers will be asking for this information in any case so why not get it all ready in advance?

So what information should be included? At this "basic" level what we are talking about is a copy of the deeds (escritura); a receipt for the last Town Hall rates bill (IBI in Spain); if the property is part of complex / block of apartments etc (known as "Community") copies of the most recent receipts and minutes of the last annual meeting (this will help identify discussions and decisions re on going maintenance liabilities etc); and normal statutory service receipts (electricity, telephone etc).

None of this will cost anything to put together, will be required anyway and will speed things up when a buyer is found. But should a seller go further and what else could be added to the pack to assist the marketing process?

One of the main concerns amongst buyers in Mallorca is the "legality" of a property, or any works that have been done to a property. If the property is new, has been built in the last 10 years, or has been subject to building works that have required Town Hall consent, it would clearly be sensible to include copies of such consents in the pack. Again not only will it demonstrate the seller's integrity but will, in many cases materially differentiate that property from many others on the market that either don't offer this information up front or plain can't because the appropriate consents are not in place! As with the earlier set of information recommended, providing documentation covering building works, be it consents and / or architects drawings etc, will not cost the seller anything it is information they will have already (or should have!)

Perhaps the biggest step for an owner to consider is whether they should invest in additional information, the key one being a survey. There is little doubt that a seller that can show a recent condition survey from a qualified professional, such as a Chartered Surveyor, will be providing prospective buyers with a great deal of confidence not only regarding the property they are looking at but, as importantly, the person (seller) they are dealing with. Even if the report is not assignable (ie transferable from seller to buyer so the latter can legally rely on it and have recourse to the report provider) the fact that the buyer can see that a professionally qualified and competent person has reported on such issues as the electrics, basic condition etc, will go a long way to giving the buyer enough confidence to proceed with an offer and, hopefully, purchase.

While the cost of any survey will depend on the complexity of the information requested, an RICS House Buyers Report (suitable for smaller and new properties) for example or full surveys will, depending on the size of property, cost in the order of 500� 2,000�, not a huge investment when one considers the value of most properties and the time that could be saved before a buyer is found. In a market that is relatively weak, as the current one, it is all the more important to put in place any proposals that could assist the marketing of a property and differentiate it from others on the market.

Will sellers support such an approach? Well informed will but in reality it will require the support and encouragement of the Estate Agency industry. While some good agents do assist buyers in this regard I won't hold my breath re a general trend in this direction!

Should you wish to discuss any aspects of marketing your property, would like to consider a survey prior to going to market, or are a buyer looking to be professionally represented, please do not hesitate to contact Novi Property Mallorca (www.novipropertymallorca.com) or Mallorca Real Estate Search (www.mallorcarealestatesearch.com).

David Novi BA MPhil MRICS

Inversiones Novi SL

A litlle about us...

Thu, 01 Jan 1970 00:00:00 +0100

Grupo Haviti Grupo Haviti is formed by the firms Haviti, Haviti2 and Medigeris, develops its activity in different geographic areas of Portugal and it has become known for its strong answering capacity to demands which stems from a changing activity.

Throughout its 15 years of activity, the group always had as mission the rendering of a quality service.

From this principle, spread to all working partners, stems its success in the real estate market. The experience acquired through these years signify an enormous trust which allow us to face the future with optimism.

About Bodrum

Thu, 01 Jan 1970 00:00:00 +0100

Bodrum, known in antiquity as Halicarnassus, is now a lively holiday resort. Nature and history embrace each other on the peninsula. Bodrum's castle (built by the Knights of St. John in the early 15th Century), site of the Mausoleum (one of the ancient Seven Wonders of the World), Museum of Underwater Archaeology, Amphitheater (The Mausolus started and finally finished by the Romans), and shopping centers and beaches.

The big hearted sponge divers, captains who are in love with sea, the fishermen, the white washed houses, the purple flowering bougainvillaea that climb the walls, the clean coves and most of all the long entertaining nights that stretch to dawn in the city.

Bodrum's fame, especially within Turkey is often associated with its nights, as every night during the season is an ecstatic fiesta. Many people enjoy the daytime pleasures of sun kissed beaches and carefree exploration and come back; but many come back, again and again, for Bodrum by night.

Bodrum is well known for its clubs and discos which present exotic floor shows with noted artists and latest hits. Dancing in Bodrum is not confined to their premises, frequently spilling into the streets.

Concerts in the historic Castle or the Amphitheatre or let music be from boats in bays under the stars make many Bodrum residents remember 'the good old days' with nostalgia. Those who long for the nocturnal scenes however can still find them in the vicinity of Bodrum's villages and towns.

Gumusluk retains a small scale, relaxed and magical atmospheree thanks to strictly enforced building prohibitions, designed to protect the ancient site. The charming flower bedecked houses follow the curve of a small and pretty bay. Gumusluk is the perfect antidote for modern day living, its a great place to unwind in an idyllic setting. The wonderful shelter of the bay provides a natural harbor for yachts and local fishing boats, the waterfront restaurants enjoy a reputation for excellent fresh fish amongst the Turks as far away as Istanbul. Gumusluk is famed amongst many famous Turkish actors, artists and musicians who frequent the bay during the summer months.

Rabbit Island separates the two well sheltered bays of Gumusluk and is accessible by a partially sunken causeway. The Island offers a magnificent panorama of the bay, a glimpse of the famous rabbits scurrying around and for those of you feeling more adventurous, great rock jumping from the many rock formations!

Yalikavak is a neat and tidy village with the most beautiful panorama of the whole peninsula. The natural bay is extraordinary and charming, 18 km from Bodrum,

Due to the increased interest in property in Yalikavak, the once sleepy fishing village is growing into a major centre on the peninsula whilst still retaining its charm. It now boosts three major supermarkets, local clinics (public and private) and a number of hotels open all year round offering cinema, jazz nights, yoga etc for both local residents and visitors. This part of the peninsula is also known for its clean air, crystal clear Turquoise waters and stunning sunsets.

A perfect marina complex operating throughout the year with all marina services available opened in Yalikavak two years ago.

Bodrum Peninsula & recommended beaches and places to visit..

The Bodrum Peninsula is an area of wonderful diversity, where the simplicity of the villages of the rural surrounding area jostles with the energy of the centre of Bodrum. There are still villages where traditional Turkish life goes on seemingly unaffected by the influence of tourism. Hidden along the Bodrum coastline, quiet and untouched backwaters with hidden bays, coves and aquamarine waters can still be found.

Kadikalesi is a small beachside village on the road to Turgutreis, with a small sandy beach, jetties and a few restaurants. Above the village stands a Greek church, over one hundred years old and in surprisingly good condition. Greek inscriptions are still visible above the doorway. The Avta centre featured on this site is situated here.

Turgutreis is a lively town, with good beaches, shops, marina and a market every Saturday that shouldnt be missed.

Fener Beach, situated near to Akyarlar has a fine sandy beach which is ideal for children. Fener Beach is also the best place for windsurfing and kitesurfing on the Bodrum peninsular.

Bitez is situated on the way to Bodrum. Bitez is backed by tangerine and olive groves, the sand and shingle beach is long with good facilities for a variety of water sports such as; sailing, windsurfing, waterskiing, wakeboarding and paracending

Low cost flights open up Madeira

Thu, 01 Jan 1970 00:00:00 +0100

Low cost flights are making foreign home owners in Madeira very happy indeed. Since the start of EasyJet's daily flights from Stansted and 3 weekly flights from Bristol, Flyglobespan has just started a weekly flight from Edinburgh, ThompsonFly from Manchester, Aer Lingus from Dublin, Sterling from Copenhagen and Prima Charter from Poland.
As unreal as it may sound, it is quicker and cheaper for someone living in London to get away for a weekend to Madeira than to get to the Lake District.
Thank you low costs!

Cosmopolitan Berlin The Real Investment Opportunity

Thu, 01 Jan 1970 00:00:00 +0100

With high quality city centre apartments starting at around �50k up to �120k (�75k �168k), Berlin is rapidly becoming one of the world's property investment hotspots and those early birds looking for the juiciest worms will find themselves some tasty treats.

Berlin Real Estate Centre, with its wide, practical experience of the country, this week announced the sale of apartments in the much sought after area of Prenzlauer Berg.

The 34 units, all modernised over several years, are close to historic Mauer Park, famous for its weekend flea market and hugely popular family picnics. A big shopping centre is nearby, alongside many schools and a kindergarten, making Behmstrasse a much sought after location by renting Berliners who want to be near the city centre action. Capital gain is conservatively put at 7 8%. "We're aware that many pundits are predicting 20% growth in Berlin, but we prefer to be cautious," said UK director, Trevor Hudson.

Investors benefit from a full service package during the period of the investment, from finance through to exit strategy, including rental income guarantee.

Berlin Real Estate Centre staff are happy to arrange inspection visits based on their years of local knowledge of the city. To find out more about the Berlin property market and receive details of investment opportunities, please fill out the form below. Find out more at:
www.berlinrealestatecentre.eu

Online Home Customization: Customize and Buy My Home The Way I Dream It

Thu, 01 Jan 1970 00:00:00 +0100

[b]Customize and Buy Home Configurator[/b]

From now on all our customers have the ability to use MANSIONs Home Configurators. These are very useful tools that let you actually see in 3D graphics the home you are interested in and configure all possible aspects of it. Whether its a part of the home structure or a decorative element you will be able to choose the one that suits your taste. You will be fascinated by the easy interface. Because in MANSION Property Development we strive to stick to our principles; the sophistication of simplicity!

You will notice the simplicity in our configurators from the first time you use them. All options in our Home Configurators work, respond and are situated in one particular manner due to consistency purposes.

On top you will find a characteristic picture of the home and next to that the price of it as it is shaped from your configurations so far. The main part of the Configurator follows the following standard format:

Over a thin grey line you see the general category of the customization options that follow. In bold black letters you will see the name of the specific category that you may configure. If you let your mouse hover over that category (i.e. Living Room Themes) a message to you will appear. If you click on the category name, a window will pop up in which details for this category and the differences between recommended options are clearly stated.

Under the category name you will see the recommended options. Some categories have an already checked option which cost is already included in the starting price. These are highlights we offer you as a standard. You see these gathered on top of the Configurator in a grey box under the title "starting price highlights".

Other categories do not have a pre checked option. You may want to choose the option that suits you or leave this category as by default checked to the option "None".

Additionally, there is "My home details" grey column in the right and every checked or blank option is appeared or disappeared respectively in that column in order to always know your chosen customization preferences, at a glance.

All options among which you may configure your future home have a full description and are accompanied by pictures. If you let your mouse hover over an option (i.e. under category "Tea Table" the option "Bonaldo Planet Light by Carollo") you will see a picture of the presented object and the amount of discount our customers get in relation to the starting price due to our strategic partnership. If you click on it you will see the picture enlarged, a full description of it, as also any information needed.

As you browse through the configurator via the scroll bar or the mouse wheel a window on the left side of the web page follows your moves. In that window a general description of the Home you are configuring and the price of it appears. While you may add options to your future Home the price is re calculated and the new price will appear in this moving window.

Additionally, the price is re calculated independently in each separate category in order to make your calculations easy and realize how a different option per category can affect the final price, at once.

MANSIONs executives strive to always include options in our Home Configurators that will suit any taste, mood and stylistic point of view. For that we have established strategic partnerships with companies that are innovative in their domain. Whether its classic, modern, Art Nuevo or minimal you will find an option that will amaze you.

It is a principle of MANSION Property Development to emphasize on value for money. Our customers are fully satisfied by that as they enjoy great price discounts due to our strategic partnerships bonuses.

In addition we pay great attention to letting the customer choose according to his taste among a great variety without setting boundaries to his choices. However there are cases in which a particular decorative option or a technique overwhelms us. These are choices that let us astonished, on a value for money level. You will see these options highlighted in light blue and after the name of the option you will see the word (Recommended).

It is obvious that MANSIONs Home Configurators constitute an innovation in the Property Development industry. But there are elements that you will not find anywhere else and that make us truly proud. So you may choose the kind of Warranty you want for your future Home. MANSION Property Development may offer up to a 6 year Premium Care Value Service. Except for that you also have the option to make your Home a Smart Home via all options technology has introduced to us. And finally there is the option to have your Home made an Accessible Home perfectly customized to your needs.

We are committed to continuously develop the Home Configurator toward a superb tool which makes full use of the Internet and that succeeds in its goal: To absolutely emphasize to the individual, to make our constructions fully customizable and make our company as extraverted as possible. What you see is what you get! The price you will see at the end of your customization and after pressing "Continue" at the end of the page is all inclusive with no surprising extras.

We hope you enjoy yourself during your tour through MANSIONs Home Configurators and do not hesitate to contact us any time for any observations.

[b]Visit My Home Configurator[/b]

[url=http://www.mansionpd.com/index.php?prop_dev2=478]1 bedroom suite Home Configurator[/url]

[url=http://www.mansionpd.com/index.php?prop_dev2=600]2 bedroom suite Home Configurator[/url]

[url=http://www.mansionpd.com/index.php?prop_dev2=639]2 bedroom extended suite Home Configurator[/url]

[url=http://www.mansionpd.com/index.php?prop_dev2=678]3 bedroom suite Home Configurator[/url]

[url=http://www.mansionpd.com/index.php?prop_dev2=716]4 bedroom suite Home Configurator[/url]

[url=http://www.mansionpd.com/index.php?prop_dev2=759]6 bedroom suite Home Configurator[/url]

[b]MANSION Property Development[/b]

INVESTORS TAKE NOTE 5 YEAR GUARANTEED RENTAL INCOME

Thu, 01 Jan 1970 00:00:00 +0100

5 YEAR RENTAL GUARANTEE OFFER INTEREST ONLY LOANS

Located in a secluded area in Kato Paphos, a select development comprising of 1 and 2 bedroom apartments with communal swimming pool.

Each apartment has it's own private parking and by the pool there are shower and changing facilities.

Only a short walk to all amenities and the beach this is an ideal situation for holiday makers and residence alike. Prices from 143,522 euros. Contact Christine@tsokkas.com

Hot Romania

Thu, 01 Jan 1970 00:00:00 +0100

All leading institutions are stating that Romania is the number one investment opportunity in the EU, and that this will continue for the foreseeable future. This has only been reinforced by the news that in January Romania has bcome a full member of the EU. 10 billion Euros will be invested from now until 2010. These monies are planned for agriculture and infrastructure ensuring that the price of your private and commercial real estate will be set to increase significantly.

Get it while its hot

Meteoric rise in buyers for property in Calabria Italys emerging new star

Thu, 01 Jan 1970 00:00:00 +0100

Meteoric rise in buyers for property in Calabria Italys emerging new star

The Italian province of Calabria is seeing an unprecedented level of interest from overseas buyers according to Real Estate specialist, Dennis Onstenk of InCalabria Ltd.

He cites the Capo Vaticano and Tropea region as being particularly attractive to overseas investors as, "Rental returns in the Summer are amongst the highest in the region."

With an established infrastructure already in place to meet the needs of holiday makers from Rome and Milan, the area boasts a range of leisure and sporting facilities, historic attractions and white sand beaches that would not look out of place in the Caribbean.

Add to this heady mix, the attraction of property prices that start from just �62,000 and the availability of more budget flights from the UK and its clear to see that Calabria is a star thats set to enjoy a meteoric rise.

Mr. Onstenk added, "Calabria has always been an undiscovered jewel, but it seems the secret is now out and more people than ever are discovering how affordable it can be to enjoy their own taste of la dolce vita."

Last week, the Telegraph stated that the growth of budget aviation was one of the main factors behind the regions' recent emergence as a hotspot for foreign property investors.

One particular development thats catching the eye of investors is Capo Verde di Parghelia, the first phase and front row of an exclusive mid sized development located between the popular coastal resorts of Parghelia and Zambrone.

Overlooking Zambrone and the beautiful Aeolian Islands including the volcanic island of Stromboli, this select development is less than ten minutes drive from Tropea, the Sunday Times Number 1 European Beach Destination, and only 45 minutes from Lamezia Terme International Airport.

Prices here start at less than �80,000 and the views from the stunning headland are "priceless" according to Mr. Onstenk. Further details are available at www.incalabria.com or by calling InCalabria Ltd on either 0800 011 2367 or (+44) (0) 1531 86 00 86.

ENDS
Note to Editors:

Italy has been named as the most popular holiday destination in Europe in a new poll of British tourists. .According to Saga, the country is the first choice of 14 per cent of holidaymakers, potentially making it a good option for overseas investors.

The broad appeal of Italy was further highlighted after it was named the preferred option for both 25 to 44 year olds and people aged above 55.

For further details please contact Samantha Cockerton. Tel: 01531 670599
or Email: sc_copywriter@hotmail.co.uk.

Website: www.Incalabria.com. Property Forum: www.calabriahomes.com

New Golf investment portal just launched

Thu, 01 Jan 1970 00:00:00 +0100

Golf Information Web site for the the best booming opportunities just launcehd and can be found on www.golfinbulgaria.com. Here you can find most valueable information regarding new hot golf destinations, new golf clubs opportunities, new residence availabilities, members of Golf associations etc.

Romania Exclussive vs. None Exclussive

Thu, 01 Jan 1970 00:00:00 +0100

Many Real Estate Agencies seem to feel the non exclusive contract is to their benefit. It allows them, after all, to work with other agencies and freelance all they want on their own with no connection to the agency they have the non exclusive contract with. For many, this may actually be a benefit. There is certainly nothing wrong with it and often times, for an agency, it is how they prefer to start out new investment opportunity. This creates a sort of "trial period" under which both the future property and the agency may evaluate one another's relationship together.
A Real Estate agency who intends to invest a great deal of time and money in you will want to ensure that their investment is protected. This is business, even when the agent and the presumed property are the dearest of friends. Bills must usually be paid and overhead costs met. A Real Estate Agency, quite honestly, has a hard time making ends if they are not working hard all day long, every day, seven days a week. The payoff, of course, is when you find and develop (or sign) a major property contract agreement. At that point, for instance, a 6% commission off a property sale is divided in two by both Real Estate agencies. Furthermore, the contract that pays off can make an agency very comfortable financially/contract based.

In a "non exclusive" contract, a future property investment is under less guidance and the agency may submit them, but generally is not breaking a major sweat to push them with a huge investment of time or resources. Just so this does not sound so bad, however, let me say that this does not imply the agency does not work hard for that property. A good agency will treat everyone equal and present all potential investment property opportunities to their potential clients, regardless of a signed contract type agreement.

In an "exclusive" contract, the agency has more control over decisions and in the meeting of specific ... read more >>> at: http://www.immobil4u.eu/exclussive.html

Romania Renting

Thu, 01 Jan 1970 00:00:00 +0100

Renting: Rental agreements in Romania are usually prepared by your real estate agent and are rarely notarized. Standard lease/rental it could be written in two languages Romanian and English. Contracts are relatively short, but the terms may vary, so please read carefully before you sign. In Bucharest the rental terms are usually standard starting from one year all the way to three five years if notarized. An early termination is easy. It requires only a one month notice to either the landlord or the tenant. Most landlords are individuals, and standard rental terms and conditions are favorable for a tenant. Landlords usually insist on a right to inspect the property on a regular basis; usually with a notification in advanced. Rent is always denominated in Euros and is usually paid monthly or quarterly. Longer down payments are made to reduce the monthly rent. Rental payment in cash is still very common. However, many landlords accept direct deposit in either Romanian or Euro account. One month rent security deposit is required by most of the landlords in Romania. However, we recommend ensuring that the rental contract allows you to apply it toward the last month rent as there is no procedure to assess damages nor outstanding bills and guarantee fair security deposit return.

Landlord's Paperwork: The peculiarity of the Romanian real estate legislation is not supported. So, the property ownership right and the right of rental use are completely separate. If you do not own the property, based on the registered Renting Contract you have the right to use it. The length of the flat is considered as temporary registration and it's indicated in the Renting Contract... read more >>> http://www.immobil4u.eu/en/R_T&C.html

Romania Investing

Thu, 01 Jan 1970 00:00:00 +0100

Investing: We offer a broad range of services in order to promote investment in Romanian real estate market. There are many opportunities in the current market that are quite exciting. With an overwhelming market growth, its hard not to be tempted to become an investor. However, when making a decision about how to invest in real estate in Romania, one has to consider both risks and opportunities of each property type available.
Immobil4u professionals will be happy to assist you throughout your whole investment cycle starting from identifying the right potential properties for you budget, acquiring all paperwork and manage your property and even manage your profits from renting and selling your property.

There are three basic options examples that we find most attractive for a potential investor in Romanian Real Estate:

Buy to Live: Use your housing allowance to buy an apartment in Romania instead of renting one. To do so, you can raise funds both outside the country and/or in Romania. Most expatriates, who can show sufficient income in Romania or abroad, are eligible for a number of mortgage/loans programs within Romanian borders or foreign banks (some restrictions may apply). Our current fiscal policy also encourages long term foreign real estate investment. The law makes no distinction between a Romanian citizen and an expatriate buying an estate. However, if youre foreigner the same rules apply except purchasing a land/lot/parcel. Our current legislation will prohibit foreigners to buy any land/lot/parcel with an exception of being conducting business in Romania.
Once you bough the property, the proceeds of selling the property... read more >>> http://www.immobil4u.eu/en/Invest.html

SPANISH PROPERTY BARGAINS

Thu, 01 Jan 1970 00:00:00 +0100

No matter what the survey, when it comes to buying property overseas, Spain is always there or thereabouts at the top of the chart. And so it is that Yorkshire Bank has announced 45 per cent of those adults who want to buy overseas name Spain as their best buy location.

Its stats like these that make me feel that Spanish property market is sure to bounce back. Maybe it is already. Kyero report that the bottom of the market on the main costas was reached at the end of last year and that sales are now rising.

More developers are feeling the pinch with overseas buyers holding back. But, there is a REAL property investment market to be acquired if you know where to look.

1st Call Property Services are head and shoulders above those who only preach. 1st Call Property Services delivers. Repossessions (Not Available to the General Public) Distressed Sales, 30% Below Bank Valuation Property throughout Spain.

For an up to date list please email 1stcallpropety@gmail.com

Buying French Property

Thu, 01 Jan 1970 00:00:00 +0100

There are many so called French property "consultants" based in the UK who are more than happy to help you achieve your dream of property ownership in France, however many of them are also very happy to lighten your wallet along the way.

French property sales to the British is now seriously big business and as with all industries that see a substantial growth in a short period of time, more players are tempted in to that market place to try get a "slice of the action".

Unfortunately for the opportunist player, getting established in France as an estate agent (Agent Immobilier) is a long and complicated process, as the industry is heavily regulated. Not just anyone is allowed to rent a shop, stick pictures of houses in the window and call themselves an estate agent. So for these players it is much easier to be based in the UK, away from the beady eyes of the French tax, social security and regulatory authorities and try and make it work for them that way.

After four years of substantial growth in the French property market we now see many British based businesses in the market place. Some claim to be French estate agents (Illegal unless they are a French business registered at the Prefecture as an immobilier); some want to charge you a huge consultancy fee (Not illegal, unless they ask for it after the seven days cooling off period has finished), and some even charge you to show you properties which is completely illegal in France but all the these players have one thing in common they have some or all of their business based in the UK. And why is this? Because if they were based in France they would more than likely be closed down.

So what can you, the French property hunter do to protect yourself from a lot of sharp practises within the industry?

The following occurrences should set off alarm bells:

Being asked to pay to register to receive property details
Being asked to pay to view properties
Being asked to pay any money to anyone before the 7 day cooling off period has finished
Being asked to meet an "agent" anywhere other than their office, e.g. in a car park
Being asked to pay a second fee on top of the normal French estate agency fee for services that a registered agent or Notaire would provide you as part of their normal service.

In short the only real way to protect yourself is to deal directly with a French registered Immobilier and best of all one who is a member of one of the two main trade bodies in France for estate agents, either FNAIM or SNPI. Only by dealing with a local registered immobilier are guaranteed to get a professional service for a fair fee.

Golf in Istria

Thu, 01 Jan 1970 00:00:00 +0100

Three locations have now got their permissions for starting golf courses. The sites at Motovun, Markocija and Lisnjan have all now received permission to commence construction and have had substantial funding injections. For property in the vicinity of all three see www.croatiapropertyservices.com

Buying a Bulgarian property, an insiders view

Thu, 01 Jan 1970 00:00:00 +0100

Bulgaria is a big country, despite what some sellers will say there are actually still plenty of properties around to buy at really good prices. Places still cheap include Razgrad and Dobrich which I happen to think are only long term investments, I think they are very poor areas often with not much going for them, not the sort of place where you want to leave an empty house, even empty I have had windows stolen, doors etc even from an empty house.

Although on Ebay some sellers say "Near the sea" you wouldnt exactly call 34 Miles from Brighton near the sea, besides the sea isnt everything and in Bulgaria winters dont help the coastal areas considering that temperatures in winter is similar to London in winter. On the note of the sea, note that there has been a barrage of oversubscriptions to new apartments and houses by the sea, so rentals may be hard because there is simply too many properties by the sea for rent Some developers are offering guaranteed rental, but these promises are rarely stood by. Buying plots by the sea is equally risky, with Natura 2000 allowing only certain parts to be built on; many speculators who bought land a while back are seething because what was once a development opportunity has now become pretty much a nature reserve. Prices are way huge beside the sea anyway, compared to the market price increases of inland property. Remember, Bulgaria is not Spain; Bulgaria is Bulgaria with its seasons, hot and cold. Nessebar is an exception to my rule, totally stunning, if you can buy there, buy.

In my view, Ski properties are good, but watch out because there have been some flouting of planning laws to get rich quick, so if you dont do your homework you may just see your dream holiday home getting pulled down before you can say resell. Buying near or in the "established" (Im saying established because these places havent got started yet, I recommend doing some homework and buying in or near these areas).

Although a big sprawl with little thought to planning and streetscape, I think central Sofia is a good investment right now. Given that it is the capital city of Bulgaria, its expanding airport and wealth concentration, I think its a safe bet, but be careful because prices are hiking quickly. There is some great architecture in Sofia, so if you can dodge the raging traffic, dont forget to go have a look. Buying in towns and villages around Sofia, especially to the West, may be a good idea, think Surrey to London.

Around cities like Veliko Tarnovo, Rousse and Vratza are a good buy. Make sure things are happening in the villages (New houses, renovations, flash cars etc) before buying there, otherwise take a long term view as your property value flourishes slowly.

Picturesque Vratza (Just over 70 Miles to the North East of Sofia) has the backdrop of the Vratza Balkan (Huge mountain range) and Leva River running to the front of the city.

Veliko Tarnovo with its amazing Tzarevetz Castle (Watch the famous light show) and Great River Yantra running through the city is a great city with a huge amount of things to do for everyone.
Rousse is the gateway between Romania and Bulgaria. In my opinion, Rousse is a hotcake of the future, along with Veliko Tarnovo (Which in my opinion is a better place to invest in)
Dont let the prices you see guide you to what the prices are and will be when you get to Bulgaria. Prices on EBay, on catalogues and anywhere else vary wildly, so there is no guide price etc for property in Bulgaria.

Quick tips:

Local prices are often different from so called tourist prices Dont look like a tourist and you minimise on paying like a tourist.

Dont make decisions on the spot, take your time. Buy what you like, in an area you like with the money you would like to spend Not the max you can

Remember Bulgaria is not cheap, its only cheap to us, so dont go saying "�5000, thats cheap" because the estate agent may just think you have loads more to spend and price the houses as he wishes.

When buying, see if there is a regional airport, while it may not be operational now or small, it may expand in the future; think Luton, Inverness and Stansted before they became international airports.

Make sure there are "things" around your village or town to make it an interesting place for renting or prospective future buyers, is there a mountain nearby, a ski range (Or future ski range)

Quick tips for buying Bulgarian property from Ebay:

Dont buy from anyone who has artificially increased their Ebay feedback buy buying and selling 1p Ebooks and the likes and if you do make sure you know they know their business.

Dont buy properties in useless areas, think "Feature, which makes the area interesting" and whether the area is attractive enough to stay in and not a deprived cesspit with a lovely house for sale nearby

Buy from companies, if you buy from an individual theres not much comeback

Demand an address and landline telephone for your records, if it cant be given you shouldnt be buying

Dont go with the hype, have a look yourself rather than be told how great an area is before being talking into buying a "Great house in a great place"

Pay money over only if you feel comfortable, if you suspect anything at all, think and stop until you know the whole deal!
The views above are from my own view, and in no way mirror the view of others, or any company.

Who to buy from:

Make sure you buy from a real company rather than individual, demand an address and real landline telephone number before doing business, remember its your savings you're giving away to a stranger

Make sure the company you are buying from has checked the properties deeds before you even give over a deposit.

Make sure the company or individual can give references; it may just be that the company hasnt actually sold before, and that you are the first test case!

Dont buy from someone who approaches you in a hotel or on the street, in fact anyone who approaches you at all.

Aaron Sneddon is director or Investment Link Limited property of Veliko Turnovo, is a Titanium Ebay Powerseller, is a trained and registered Ebay Education Professional, and regularly attends Ebay courses and events. His company has staff in Bulgaria and the UK.

Foreigner owning land in Bulgaria, the lowdown

Thu, 01 Jan 1970 00:00:00 +0100

As with many other countries, a foreign owned national cannot own land in Bulgaria, this presents a problem when one wants to buy a house in Bulgaria, which entered the European Union in January 2007.

Buildings and other similar assets can be owned in Bulgaria by foreign nationals, this means that if you were to buy and apartment and either the developer or owners association takes ownership of the land below your property, then you can legally own your apartment because it does not sit on the land.

Many people are buying property with land in Bulgaria, so how do they do it?

A foreign national can own a company in Bulgaria, a company is an entity in itself, and the good thing about a company is because it is an entity then it can be the "owner" or the "holder" of property. Because the foreigner (You) can own a company, you can put the property into your company (Lets call it a holding company, because its not a commercial trading one, rather it holds your property for you) and you will own the company, in essence because you own the company that holds the land (Yes, and the property that comes with it) then you are the ultimate owner of both the company and land.

How much does it cost to set up a company?

It costs approx �400 for the actual company formation (Check with the agent, the formation company or individual who is setting it up from you, in most cases the agent who is selling you the property will set the company up for you)
It costs around 3% of the total value of the property in notary fees and government purchase taxes (You can pay this in front of the notary)
Agents fee, this varies, we do not charge for this as it is absorbed in the property price, check with the agent before signing anything
What is involved in buying the Bulgarian property?

A bank account must be set up, you need to deposit about 5000 Bulgarian Levs into this to guarantee it This money remains yours at all times and can be withdrawn after the land purchase is completed
The articles of trading are drawn up to a standard pattern to allow you to operate within the current laws with as broad a spectrum as possible. This allows you to use the company to renovate and improve your property as you wish and also to buy other real estate through the same vehicle (Your company)
You can denote power of attorney, with powers only to
You will visit the notary, bank and possibly Lawyer whilst in Bulgaria.
It generally takes a maximum of 3 hours to complete the process of buying, although this may take longer given distances and other disturbances you may encounter.
Your agent should help you set the whole company up, once the company has been formed (You will probably be home by that time unless you spend about 30 days in Bulgaria) then the property will be placed by your agent into your company.
You will have to make sure your agent has the null returns submitted yearly for your "company"
Ask your agent about the Bulstat number also, this is an important document to keep, and must be obtained.

Another thing to think about is Power Of Attorney. Power of attorney (Or POA as we generally call it in the Bulgarian property business) is set up to allow certain rights to a trusted person (More often than not your agent) to undertake duties concerning your house on your behalf. Reasons for setting a POA is that you may be in the UK most of the time. Keep in mind that the duties that you specify (You can specify certain duties like buying property on your behalf etc) are generally the only duties that your POA will be allowed to undertake. Just as it is a bad thing to give too much rights (Your POA may flog off your house if he isnt really trustworthy!!!) you should probably give rights that you know you cant do yourself unless you plan on travelling to Bulgaria every 3 weeks or so. Your POA should be contactable easily in case of emergency e

Be aware, a common misconception is that property does not come with land in Bulgaria, this is wrong, it is only that a foreigner cannot own land in Bulgaria, nothing to do with the association of the house you buy and the land it sits on. If someone sells you a house in Bulgaria, unless the seller (Or the deeds) tells you otherwise, then you are buying a house with the land described.

I hope you have found this guide useful.

What to look for when buying an old Bulgarian property

Thu, 01 Jan 1970 00:00:00 +0100

When you are looking for a Bulgarian property, especially since distance buying at auction, you need to look closely at the photos to see if the house you are looking at is the one you really want.

Bulgarian properties were built without much planning in the past, generally they have been built by local (Often unskilled) tradesmen using traditional teqniques that are sometimes forbidden in todays cautious building world.

When looking at photos of houses at auction, check

The corners, the bottom of the walls, the top of the walls. Is there dark spots (Could indicate dampness), is there painted spots (Could indicate an attempt to "paint over" the dampness). Obviously there is dampness somewhere or another with older Bulgarian properties, but not in every room, you may as well live in a dirty sauna! If a whole houses has been painted, look carefully at what has been covered up, it could be large areas of dampness or cracks, at least if there are cracks you should see then to work out if they need sealed or pinned.
The roof. Is it slanted, is it not straight or bowed at some point? If a roof is not straight it may mean just bad design (Remember these houses were generally built with little or no actual physical plans) or it may mean that it could collapse because it is weak (Could be woodworm, weak joist etc) so this may cause issues in the future. As a general rule of thumb, we check the roofs are straight and even before selling to others, sometimes the roof is solid though and able to withstand some more years or rain, heat and cold.
Check the village in the background. Is there people, is there modern cars, do the houses around the house you are looking at look like they are well looked after? It depends what you are looking for, but you generally want a village which is vibrant (Or is aspiring to be vibrant) and that money (Or skills, or love...) are coming into the village.
The walls. Is there large cracks on the houses, if they have been painted you may not see them.
The floors. Many Bulgarian properties (Including many we sell) have compressed mud floors rather than plain old concrete or wood. Although traditional Bulgarians have been happy with these for years, you dont really want to put a new wall to wall carpet down on these. If a floor has mud on it instead of wood or concrete, then it may be necessary to dig out the mud and re lay the flooring, which actually isnt so expensive.
I hope you have found this guide useful. The views in this guide were written by myself (Aaron) and do not reflect the views of any website or individual other than myself.

Welcome to Adress Bansko, Bulgaria

Thu, 01 Jan 1970 00:00:00 +0100

Welcome to Adress Bansko, BulgariaAddress Real Estate is part of AG Capital www.agcapital.bg a holding company investing in businesses related to real estate. The holding is a major shareholder in companies that provide:

Brokerage and advisory services for residential and commercial properties.
Fiancial services related to real estate credit brokerage, appraisals
Asset management services in real estate Most of these companies rank among the top three in their respective business segment.

Address Real Estate the name of real estate.
Local Intelligence
The company focuses on the local knowledge of the property market and real estate trends. Our offices is independent to develop its own business plans and to focus on the area. Now, international investors are looking for real estate partners with local knowledge and experience.

Office Bansko:
1 Vazrajdane Sq.
Bansko, Bulgaria
tel.: +359 749 88 515; +359 885 82 49 08
e mail: bansko@address.bg

New Development Launch from ONLY �30,000

Thu, 01 Jan 1970 00:00:00 +0100

Platinum Developments are launching a new development in Bansko, Bulgaria. This will be an off plan 5 star development, this development will come with a rental guarantee and will be ready for 2010. This is ideal for investor or a 2nd home. Please find details below of the development or contact me richard@pdi.ie for a full brochure and information pack :

*New Release**New Release*

Studios / One and Two Bed Units from only �44,000

Be the first to own an impressive 5* secure gate development that will cater for resident owners and tourists upon completion in late 2010.

The development is located near the charming town of Bansko, Bulgarias leading ski resort and Europes most up and coming low cost ski resort. Crystal Springs Resort offers spectacular residential complex. Its design along with the beauty and serenity of the surrounding area provide for an extraordinarily indulging and all natural experience. The lovely residential complex with its modern SPA centre, 10x14 m indoor swimming pool, professional techno gym fitness centre and tennis court, is shaped to offer all seasons entertainments to its guests.

Residence Facilities

Crystal Springs Resort visitors will enjoy various leisure and entertainment on site facilities, creating their luxury residence in a serene mountain environment. Owners and visitors will benefit from the convenience of having open air tennis court, 10x14m indoor swimming pool, caf�bars, childrens activities, shops and restaurants all within the private grounds of the residence. The Resorts offers facilities and appliances for service
of disabled people in accordance with all the requirements.

Outdoor Activities

Ski and snowboarding, cross country skiing, hiking, climbing and mountain tourism, golfing, tennis, horseback riding, Nordic walking, fishing and rafting are some of the outdoor activities to be experienced while at Crystal Springs Resort. Situated right below the Pirin Mountain Crystal Springs Resort provides all of the benefits a national
park has to offer. The magnificent mountain peaks, green hills, sunny days and blue skies will charm any nature lover

Health & Wellness

Crystal Springs Resort has modern wellness and professional techo gym fitness centres, offering refreshing sports activities and extraordinary SPA services and massages. Visitors also enjoy a comfortable 10x14m indoor swimming pool. Crystal Springs Resort provides an incredible balance between recreational and leisure activities.

Stylish & Functional Furniture

The investors will have the option of purchasing a quality furniture pack. Prices for furniture packs start from �6000 for a one bed and �8000 for a two bedroom
apartments (incl. VAT).

The developers have selected designers who will furnish the interiors with functional and stylish furniture and fittings that will appear to a broad section of tenants. Designed with subtle flair and utilising quality materials, we expect this furniture design to be a long lasting and great value for money.
Close to the time of rough construction the furniture packs will be offered to our clients.
Clients will receive an itemised list and images of the furniture prior to purchasing their furniture pack.

So don't miss out on this amazing offer why not increase your portfolio for as little as �30,000 inspection trips throughout the year are priced at �150.

French property market ripe for investors

Thu, 01 Jan 1970 00:00:00 +0100

The French property market continues to grow, driven by local buyers and sustained interest from overseas investors, experts have stated.

The continued demand for properties has led to the French government putting forward plans to build an additional 500,000 homes over the next ten years, meaning that there will be plenty of opportunities for UK investors, according to the foreign property firm SPC Overseas.

"With the major shortage of new properties and the ongoing construction programmes to cater for this, coupled with a new president, the market is now ripe for investors," said the firms director Anthony Fernandes.

"The next ten years will see France play catch up to other European markets and investors can expect to see tremendous returns," he added.

The comments come as the research service Global Property Guide reported that transaction costs for buying a property in Europe are, on average, equivalent to 14.2 per cent of a homes value, though France, Belgium, Italy and Luxembourg all charge more than this.

� 7BestInvest Ltd 2007. www.7bestinvest.com

Now is the time to invest in the Costa del Sol

Thu, 01 Jan 1970 00:00:00 +0100

Forget Bulgaria, Morocco, Brazil, The Dominican Republic and all the other exotic places being touted as the places to invest in property. The Costa del Sol currently offers real value for money and genuine potential for capital growth in the medium term.

Spain has always been, and will continue to be, one of the most popular holiday and retirement locations in view of the political stability of the country and ease of access being a mere 2 to 2 � hour flight from many cities in Europe. In fact it has been easier and quicker to get to the Costa del Sol from the U.K. than from some other parts of Spain.

However, this is now about to change as new High Speed Rail links, due to commence by the end of this year, bring the cities of Madrid and Barcelona within easy reach of Malaga City, the gateway to the Costa del Sol, and will offer a genuine alternative to flying.

Starting on the 23rd December the AVE High Speed train will cover the journey from Madrid to Malaga in 2.5 hours and the link from Madrid to Barcelona which begins on the 21st December will mean that you will be able to travel to Malaga from Barcelona in 6 hours, including a one hour stop over in Madrid. This will be vast improvement on the current journey time of around 13.5 hours.

Adrian Head of New Ventures Spain said " we are already experiencing increased interest in properties from residents of these two major Spanish Cities as well as from Cordoba which will also benefit from the new rail links." Adrian added "although the train times are still longer than flight times by the time you consider the hours spent in airports for security checks, baggage collection on arrival and flight delays, the train is probably not any slower and will allow more luggage to be carried as well. And there are other factors. The rail link from Malaga along the Costa del Sol currently ends at Fuengirola. It is intended that this will be extended to Estepona providing easy access to all the resorts throughout the Costa del Sol either for visitors arriving by train to Malaga or flying to the airport where there is already a railway station."

Prices in the Costa del Sol have been falling and bargains are to be had. Adrian says " we can offer two bedroom apartments with two bathrooms on a complex with parking and community pools for as little as 175,000 euros (around 120,000 pounds) and we were recently offered a villa in a prime location valued at 1.9 million euros for just over 1million euros. These sorts of properties will not be around for long and with increased capacity at Malaga airport and new routes opening up, including direct flights to Moscow all year round starting at the end of October, we expect renewed interest from here as well."

The message is clear. If you want to invest in a safe proven market the Costa del Sol cannot be ignored but dont leave it too late or you may miss the boat or should that be the train!

A wide selection of properties throughout the Costa del Sol can be viewed on www.newventures spain.com Tel 0034 952 964 706 email newven@terra.es

New Select Development at Parcent, Costa Blanca

Thu, 01 Jan 1970 00:00:00 +0100

Exclusive Villas have been appointed by the highly regarded developer, Marina Villas, to market their new development of just 10 townhouses at Parcent.

These 3 bedroom houses have 3 bathrooms, a communal pool, and are set in a village location.

Prices start at 250000 euros and will be ready for occupation early 2008.

Luxurious Residency Surrounded by an 18 Hole Golf Course

Thu, 01 Jan 1970 00:00:00 +0100

If you are a passionate golfer and you want to purchase a holiday home, this building project is for you!

Residence in the Pays d'Albret, with Tuscany landscapes and Landes forests as far as the eye can see, situated 25kms from Agen (airport with daily flights to Paris and low cost airline company flights to the UK), 2hours from the Pyrenees and Spain and 90mins from the Atlantic coast.

Le Pays d'Albret, situated in the heart of one of France's most "gourmand" regions, has many tourist and leisure activities. We are offering you the chance to purchase your holiday home in a unique, luxurious residential complex, surrounded by an 18 hole golf course. You can choose from studio apartments to 2 bedroom split level apartments with direct access to the pool, fitness room and, of course, the golf course! One of the main features is the fact that there is potential for a wide range of clientele and thus guaranteeing an optimal rental income. You would be able to live in your apartment for a few weeks during the holidays and rent it out the rest of the time with the help of a specialised firm that offers + 4.33 % profit. We would be happy to send you the associated information upon request.

Prices range from 173,445 to 197,934 euros depending on the location.

The 1 and 2 bedroom apartments are fully equipped and have been designed in the great traditional style of the region. They are very luxurious and of quality architectural design.

To find out more about the off plan opportunities available in barbaste, clients are invited to log on to www.immobilier aquitaine.com

Is Turkey new Spain?

Thu, 01 Jan 1970 00:00:00 +0100

Just a short 4 hour flight away from the UK where the east meets the west is Turkey, a rare jewel indeed,; This country is rich in history, has a diverse culture and is fast becoming a major tourist destination attracting European and British visitors alike. Its wonderful climate, affordable living costs and the low property prices are luring many retirees and those seeking a new attractive destination where they can start a new life.

Graham Pyle explores the potential and prospect of Turkey becoming the "New Spain"

Speaker Profiles
Graham Pyle

The Managing director Graham Pyle was possibly the first UK estate agent to recognise the potential of the Florida property market, when in the mid 80s he commenced promotion of Florida real estate to British buyers.

His firsthand Florida property market experience has provided he and his team with the authority & knowledge to talk about all aspects of a typical non resident property purchase.

Fractional Ownership The Affordable Way to Own a Holiday Home Abroad

Thu, 01 Jan 1970 00:00:00 +0100

Fractional Ownership The Affordable Way to Own a Holiday Home Abroad

Spanish Quarters Fractional Ownership enables Deputy Head Teacher, Karen Yates, to purchase an affordable, fully furnished holiday home in her favourite part of Spain.

CHESHIRE, UK Deputy Head Teacher, Karen Yates, has
achieved her dream of owning an affordable holiday home with Spanish Quarters' fractional ownership.

Karen now owns a freehold quarter of a beautiful two bedroom, fully furnished apartment in Duquesa Village, Manilva, on the Costa Del Sol.

Karen comments I was looking for somewhere to buy that my husband and I could use during our holidays, in a part of the world we love. Duquesa Village is an ideal holiday home for our two children, aged 10 and 15; my son spends most of his days in the pool, whilst my daughter can pursue her interest in horses, with abundant riding facilities in the area.

I chose Duquesa as we had visited the area frequently in the past and became very fond of the stylish marina, sandy beaches and nearby lush golf courses. The appeal of the all year round good weather, accessibility from our local airport and the regular cheap flights were all contributing factors in our choice.

A particularly important consideration was that investing in this lovely property gives me a return for the future. Indeed, Disney is strongly tipped to develop an ecological park nearby, (similar to the Eden Project in Cornwall), which should come to fruition in the near future, and will ensure long term capital growth and enhance even further the rental potential of my property.'

Fractional ownership is already popular in the US and this trend is becoming increasingly popular in Southern Spain and Fuerteventura, thanks to recent features in the Daily Telegraph and BMI Voyager magazine. It allows people to own a fully furnished freehold property with 3 other co owners, each having 13 weeks usage per annum.

Karen continues: Another of the deciding factors in my purchase was the ability to offset my costs by using Spanish Quarters rental management service to rent out the weeks I am not using the property. With the busy lives we lead it is an added bonus, as we don't have the time to get involved in such time consuming rental management issues.

I found Spanish Quarters on the internet and it wasnt long before I was on a viewing trip to see the properties and the area for myself. I found the whole experience and the service from Spanish Quarters excellent, with no pressure to buy. It was my decision, in my time, and I felt that I was really well looked after during my viewing trip and throughout the purchase process.

A further reassurance was that I met all my co investors in the property something Spanish Quarters were keen to facilitate. My purchase was easy as I utilised the services of Spanish Quarters' independent legal, mortgage and currency partners, who assisted me through every stage of the buying process.

I have no hesitation in recommending Spanish Quarters fractional ownership to my friends and family. My brother and his business partner are currently in negotiation with Spanish Quarters, as they contemplate making a purchase too.'

Ends

Press Contact

Joanne Rowbotham
Spanish Quarters Limited
Joanne.rowbotham@spanish quarters.com
01625 444100

More information on Duquesa Village fractional ownership at www.spanish quarters.co.uk/devduquesavillage.html

Exclusive New Development in Catalunya

Thu, 01 Jan 1970 00:00:00 +0100

Nestling in the northeast of Spain, with the warm waters of the Mediterranean Sea gently lapping its coastline, is the region of Catalunya, generally known as being the business capital of Spain. Forget the over indulgencies, and high rise builds of the Costa Del Sol and the Costa Blanca, if you are serious about Spain, then Catalunya and its northern coastline, the Costa Brava, is the place to be.

Steeped in history and culture, Catalunya is today one of the property hot spots in Europe. With its central location, ideal for getting to all major European capitals, excellent high tech communication infrastructure, and superb all year round climate, serious investors are turning to this area for relocation purposes.

Exclusive Villas and Monde Propertys Exclusive Homes division, is registering record enquiries for its new flagship development of just 22 Traditional Farmhouse style homes situated just a few minutes from the coast at Calonge. All the infrastructure of roads and services is now complete, and we have been instructed to offer for sale the first two properties to be built.

Each one of these properties will stand on about 1 hectare (2 acres) of land, be individually designed, with major input from the client, in the natural stone farmhouse style. Every house will in fact be bespoke insofar as no two properties will be of the exact same design and size. Clients can choose the build size, and have a choice of most of the opulent interior fitments, including luxury sanitary ware, tiles and kitchen appliances.

Contact details:

Exclusive Villas 00 44 (0) 1243 855155

terry@exclusive villas.co.uk

E MARKETING WITH THE PERSONAL TOUCH

Thu, 01 Jan 1970 00:00:00 +0100

Launched this year by NI born, John & Paula Mc Ilroy who have extensive knowledge of the Southern Costa Blanca area having moved there in 2002,this marketing service is unique.

This Service is aimed at Owners and Renters of property on the Southern Costa Blanca who prefer the personal touch.

For Owners, there is a choice of E marketing and property management options. They meet with all the owners and discuss their personal property needs be it multilingual E marketing(see below) or more extensive services such as key holding, cleaning, pool maintenance etc.
There is no obligation to take our rental services, we work with your choice of management and you are free to use the property when you want, just let us know the dates.

Our No Booking , No Fee basis guarantees our commitment to ensure that each property is marketed to its full potential and that rental income is gained

This service is also open to Agents who dont have time to do this extensive marketing.

We offer you Special advertising rates to you on many major Vacation rental.coms representing significant savings on their screen prices.

Clients who wish to rent a property are also well catered for. All properties are inspected and the website has a detailed and truthful description of each property and its location.

Its not only the Holiday home rental, they can arrange all aspects of the holiday from airport transfers to car rental, travel insurance, airport hotels and parking, Villas on the north Costa Blanca and elsewhere throughout Spain with our hand picked partnerships with quality providers. All accessed directly from the website.
We are constantly working to find quality service providers to ensure that our owners and holidayers are getting value for money and quality service.

For Owners and Holidayers alike.....Check out the Website www.rentcostablancavilla.com for local knowledge on places to visit for adults and children, restaurants, essential Spanish, Spanish wines,advice on buying property, local taxes and much more.

Why Paros? Pearl of the Cyclades.

Thu, 01 Jan 1970 00:00:00 +0100

Paros is situated in the middle of the warm Aegean Sea in the heart of Greece. It belongs to the Cyclades islands group that consist of 39 islands of which 24 are inhabited. The more important ones (in alphabetical order) are the following:

Amorgos, Anafi, Andros, Delos, Ios, Kea, Kimolos, Folegandros, Milos, Mykonos, Naxos, Paros, Santorini, Serifos, Sikinos, Sifnos, Syros, Tinos.

Paros is the third biggest island after Naxos and Andros in the Cyclades with a coastline of about 120 km and around 13.000 inhabitants.

Why should you choose Paros island to buy a summer home or start a new life? We have collected the pros and contras for you.

Advantages:
 Paros have a very mild climate, you can swim in the sea from beginning of May until end of October so for basically half a year.
 A light breeze is constantly blowing that can be very pleasant on hot summer days.
 Paros is very easily accessible by aeroplane or by ship throughout Athens or Thessalonica even in the winter.
 The transportation is highly developed in Paros having 6 bus routes plus a city line in Parikia.
 Paros is a typical Greek Cycladic island, and making great effort to preserve its unique style.
 The island has a very international community with a high number of artists that find the nature and the architecture very inspiring.
 Paros is not a holiday island on the first place, you wont get hordes of tourists here.
 You will find its peaceful and quiet here, but if you are after some buzz Parikia and Naoussa are two cities with great nightlife.
 The water, the air is clear and you can only get healthy food: plenty of sea food, home made yoghurt, wild greens. Its a perfect place to rejuvenate.
 Paros is safe. You can leave your car open, put the key under the door mat and leave the kids to bicycle freely.
 Greeks speak languages on the island English, French and German but you will realise that learning a bit of Greek is good fun and will help getting by with the locals.
 Paros offers wide choice of housing for every need.

Disadvantages:
 The wind can be very strong especially in the wintertime.
 Lack of water. You have to water your garden and/or plant hardy trees that survive the drought, because there is very little rain in Paros and that usually falls from November until end of March.
 The public sector can be very burocratic (but where is it not?).

If you feel like checking out housing options on the island why don't you visit one of the largest constructor's web site:
http://www.greekvillaparos.com

Investors discover a Mediterranean Dream in Europes most popular holiday destination

Thu, 01 Jan 1970 00:00:00 +0100

Italy has been named as the most popular holiday destination in Europe in a new poll of British tourists. But that comes as no surprise to InCalabria Ltd property specialist, Dennis Onstenk.

According to Saga, the country is the first choice of 14 per cent of holidaymakers, potentially making it a good option for overseas investors.
The broad appeal of Italy was further highlighted after it was named the preferred option for both 25 to 44 year olds and people aged above 55.

Commenting on the findings, Dennis Onstenk said, "These results do not surprise me. This summer we have seen more and more British property buyers arrive in Calabria who have been attracted by our affordable property prices, increasing accessibility, beautiful climate and stunning scenery."

To meet the huge levels of interest shown in what is being billed as Europes very last property hotspot, the number of high quality off plan property opportunities available from InCalabria Ltd is increasing too.

In the highly desirable Capo Vaticano region for instance, investors are discovering their own Mediterranean Dream at Sogno Mediterraneo, a tranquil development of just ten one and two bedroom properties with views out to the Mediterranean Sea. With prices starting from around �62,000, a full Bank Guarantee in place and an attractive staged payment structure in place, its a dream that British investors have been quick to buy into.

Just ten minutes drive from Tropea, Europes Number One Beach Destination according to The Sunday Times, the company is set to launch another development called Capo Verde di Parghelia.

Set high up on a headland, overlooking Tropea, Zambrone, the Aeolian Islands and the Sant' Eufemia Bay, Capo Verde di Parghelia is the first phase and front row of an exclusive mid sized development located between the popular coastal resorts of Parghelia and Zambrone. A choice of one and two bedroom apartments and two luxury villas are due to be released shortly and Mr. Onstenk believes, "This area is poised for even further development making it a sound future investment. A new by pass to the beach and a range of upmarket hotels and resorts have all been built in the last few years."

This positive view comes shortly after Barclays stated that Italy was attracting considerable interest from Britons planning to invest in foreign property.

To find out more about the off plan opportunities available in Calabria, clients are invited to call InCalabria Ltd on their new FREEPHONE Number: 0800 011 2367 or log on to www.incalabria.com.

ENDS
___________________________
For further details please contact Samantha Cockerton. Tel: 01531 670599 (Mobile: 07968 819 649) or Email: sc_copywriter@hotmail.co.uk.
Website: www.Incalabria.com. Property Forum: www.calabriahomes.com

UKRAINES FIRST OFF PLAN SKI COMPLEX

Thu, 01 Jan 1970 00:00:00 +0100

The Ukraine is Europes newest property market,
attracting investors from all over the world with
its booming industry. Strategically located
between Western Europe and Russia, its economy
is flourishing with growth overtaking that of
Chinas in 04.

If youve missed the boat with countries such as
Bulgaria and Romania? Then the Ukraine is a fantastic t opportunity to get in at ground level in
one of the most dynamic Eastern European countries.
Attracting thousands of Russian, Ukrainian and
Polish tourists (among others) every year,
Slavsk Ski Resort is the most popular ski facility
in the country. Demand currently exceeds
supply and in peak season, a basic room with no
ensuite facilities can be up to 100 USD a night.
To reserve your apartment please contact STR Property Ltd on 02074075764 or email as at info@strproperty.co.uk

NEW OFF PLAN DEVELOPMENT TERMS.

Thu, 01 Jan 1970 00:00:00 +0100

As of today "Bulgarian Off Plan Estates" www.bgope.com dealers of property throughout Bulgaria, expanded its services to include new villas for private individuals, but offering the same easy payment terms that it currently offers toall of its business customers. Payment terms are now far more flexible and they have extended this to their building and legal services. "Offering such a flexible payment plan means that there has never been a better and easier time to buy property and land in Bulgaria" said the Managing Director Gerry Bartholomew. For more information on the company and what have to offer please visit the website, www.bgope.com

Property Investor Show Excel London

Thu, 01 Jan 1970 00:00:00 +0100

The Property Investor Show is now firmly established as the largest dedicated property investment event being held in the UK and, following its highly successful 2006 exhibition, returned to ExCeL London for a 6th year this September (21st 23rd).
The show was the dedicated property event for serious buyers and for Seven Continent Investment, it was a resounding success securing 5 6 new developments for our clients from around the globe.
These developments will be launched within 3 4 months once we have completed our stringent due diligence reports on the sites.

All of our clients we exceptionally happy to meet their portfolio consultants and the team and 7CI has already booked a 120sq m stand at the Homebuyer incorporating Property Investor Show at ExCel in March and a 120sq m stand at the Property Investor Show in September 2008.

Interior Centre Nessebar the newest project of Kimo Ltd.,Bulgaria

Thu, 01 Jan 1970 00:00:00 +0100

Kimo Ltd. would like to present our latest project Interior Centre Nessebar.
The purpose of this exceptional building is to combine the function of commercial and exhibition spaces, storage area and administrational purposes. Therefore, it is separated in two parts commercial and administrative, which can function at the same time and without interfering one anothers activities.
In terms of spatial composition the building will present two orthogonal prisms parallel one to another.
The commercial and exhibition spaces are designed with a spacious atrium which will be well illuminated due to the large roof and wall glazing. In the atrium there are an escalator and a panoramic lift serving the entire building.
The administrative part is completed in the modern office building style based on comfort and functionality and with an added touch of romance by the magnificent view towards the sea.
INTERIOR CENTER has a total built area of 6 000 square meters on 3255 sq.m. plot of land and consists of 6 floors 3 commercial, 2 administrative and 1 for storages. An outdoors parking with a total of 100 parking lots is provided.
There are a total of 15 stores and 14 offices.

The underground floor consists of a foyer, one supermarket situated at the front side of the building, storages for the other stores, elevator installation, 1 elevator and staircases.
Ground floor consists of a foyer, information desk, security point, a caf� bar, 8 boutique shops, terrace, WCs, an escalator, 1 elevator and staircases.
First floor consists of a foyer and 3 show room stores for terra cotta, faience, ceramics and bathroom furniture, WCs, 1 elevator and staircases.
Second floor consists of 3 show room stores specialized in home, office and hotel furniture, WCs, 1 elevator and staircases.
Third floor consists of a foyer, a meeting room, eleven offices, terraces, WCs, 1 elevator and staircases.
Fourth floor consists of a foyer and 3 offices each of which comprises 3 separate premises, WC and a terrace with a panoramic view.

Concisely,the aim of this project is to give every client the opportunity to find everything he needs for his home, office, hotel, restaurant and even garden in a unique setting based on comfort and high quality!

To good to be true, 15% discount on new properties in Turkey

Thu, 01 Jan 1970 00:00:00 +0100

Ovacik, is a small village of Fethiye District, Mugla Province of Turkey with little to offer but famous with its extended summer season alongside to its mountainous terrains which include the mountain Babadag (means Great Mountain in Turkish) the most favorite mountain in Turkey for para gliders.

Only for this week and before September 30th, you will enjoy of a 15% discount on any of the 23 units left on this four complex at the Ovacik Village in the Aegean Coast, Turkey.

This complexes have apartments of 1, 2 and 3 bedrooms with prices from �66523 to �99800, but if you put a refundable reservation of � 2000 before the end of September you will get this properties with a 15% discount off their prices.

For more information on this promotion call us on our UK freephone number 0800 996 1556 or visit our website http://www.ipropertynet.com and check references 20968,20969,20970 and 20971...

New Chances in Gazipasa/Turkish Riviera

Thu, 01 Jan 1970 00:00:00 +0100

After a long period of discussion and always renewed statements whether the airport in Gazipasa can be opened or not, now there is the result.
The company which is already managing Istanbul airport has got the rights for Gazipasa airport as well.
Work on the airport has already started and the airport will open soon, as they stated. (Aktuelle T�rkei Rundschau ATR)
What does it mean to real estate business?
Prices have already started climbing.

Take your chance.

OUTSTANDING ADVANTAGE IN NORTH CYPRUS

Thu, 01 Jan 1970 00:00:00 +0100

Palm group Special Announcement GBP 5k discount for 1st 10 buyers North Cyprus
Palm group are delighted to announce the introduction of Lapta Sky Blue Apartments in North Cyprus. The two double bedroom apartments are situated in the heart of the Lapta surrounded by amazing mountain and panoramic sea views. The apartments include:
a luxury fitted open plan kitchen with breakfast bar
lounge with access to huge balcony
family bathroom suite
air conditioning units in the lounge & master bedroom
double glazing, PVC windows and French balconies in the bedrooms
In addition, the first 10 buyers receive a GBP 5,000 discount.
Apartments start at GBP 36,900

We hope we help you find the property investment that is right for you.

Sub prime crisis sees investors look offshore

Thu, 01 Jan 1970 00:00:00 +0100

Given the recent turbulence in global equities as a result of the fallout from the credit storm affecting financial markets the relative appeal of the outperforming Paris property market is understandable. Added to this conviction is the current state of the US housing market, with the bubble bursting and the likelihood being for an extended period of weakness in the form of a housing recession, tighter credit and invariably a weaker consumer. Given such weakness it is little wonder that savvy investors are looking offshore for returns on their investments.

Paris property prices continue to increase at approximately 10 15% per year, depending on the district, and the last 5 years has seen a dramatic 60% increase in property prices. This trend is set to continue, strengthened by the Sarko effect. It is anticipated that the centre right politician, Nicolas Sarkozy, will strengthen Frances economy and property market, with France expected to become a much more property owner oriented country. The favourable borrowing terms and relatively low interest rates, among other factors, gives Paris strong investment potential. The interest rate cycle of Europe is now turning with the likelihood of just one further raise in interest rates this year to 4.25%, comparing favourably with the US 5.25% even with the likelihood of a cut in September in the States.

The ''Emerging Trends in Real Estate Europe 2007'' published by the Urban Land Institute (ULI) and PriceWaterhouseCoopers has identified Paris as the top real estate investment market in Europe. President of ULI Europe, Bill Kistler, commented ''Paris rates highly for both total return prospects and low risk, and thus its risk adjusted total return prospects were judged the best in Europe. Survey respondents pointed to the city's economic stability and sustainability, in addition to its status as a global gateway, as major reasons for its top ranking as an investment market. As a top market for the past several years, Paris still has good prospects for the next two years''.

Paris based property investment company, VPS Global, has seen a dramatic increase in foreigners investing in France. CEO, Pascal Morin, believes Paris offers exciting potential for investors. Given the current state of the world economy, investors are opting for more secure, stable and long term investment opportunities. Investing in France used to be a lifestyle choice. Today we are seeing more and more of our clients choosing France as a pure investment choice, purchasing with no intention for personal occupation.

Furthermore a quick comparison between returns from the French equity market and the property market paints a stark and damning picture. The CAC40 has returned just 1.75% year to date and given volatility its appeal to the risk averse investor is waning. Closer to home it wasnt too long ago that the DOW was hitting record highs however, with the sub prime mire lingering and likely to play itself out with volatility the uncertainty of global equities remains.
During these times of uncertainty investing abroad may just be the answer and where better to do so than in the worlds most visited city ?