Get that festive feeling and celebrate in Marbella

by Charlotte Ashton Spain

 

Marbella is one of the most popular, best known and best loved resorts on the Costa del Sol. The city boasts fantastic Andalucian weather, a glamorous reputation, luxurious resorts and plenty of festivities throughout the year, particularly around Christmas and New Year.
 
The main reason Marbella continues to be a popular destination for a wide variety of people is because of the numerous attractions the city has to offer. Both the two main beaches, the El Fuerte and El Fontanilla, are very picturesque and have all the modern facilities visitors and locals expect. In addition to the beautiful beaches, parks and walks there are plenty of bars, restaurants, theatres, cinemas and clubs. The thriving nightlife in the city attracts many thousands of visitors every year creating a very vibrant atmosphere.
 
Away from the glamour of the port area is the old quarter and the popular resting place, the Plaza de Los Naranjos (Orange Square), leading off in every direction with a maze of narrow alleys and streets. The old town is also one of the best places to eat, with plenty of authentic tapas bars. There are also shops and street markets with many bargains on offer! Local crafts intermingle with European fashion, cheap leather goods and colourful ceramics. At the other end of the shopping scale there are the designer label clothing stores which Marbella has become known for.
 
Although nowadays, due to increased accessibility especially by budget airlines, visitors from all walks of life visit Marbella its reputation as a glamorous location for the rich and famous holds fast. The then village of Marbella was discovered accidently by a member of the Spanish aristocracy in the 1940s. His investment in the area and extended connections led to more and more visits from members of Europe’s ruling elites. The village of fewer than 1,000 people gradually evolved to become a stylish and luxurious coastal resort with a city of more than 100,000 people. Today, Marbella attracts millions of tourists every year, with many Britons deciding to move and live there permanently. Many Spanish and other celebrities still visit there, with recent residents having included Antonio Banderas, Melanie Griffith, Joan Collins and Sean Connery!
 
The glamour, weather and other attractions on offer aren’t all. Marbella is also a fantastic place for celebrations, particularly at the beginning and end of the year! There are many events and festivals celebrating food, film, fishing and more, including summer bull fights and horse and carriage rides. Christmas Eve is particularly important to Spaniards with the family Christmas Eve meal one of the most important of the year. Although the evening starts in the family home it often ends up with a party in a hotel, club or disco with friends and family members. The second most important day is Los Reyes or Three Kings Day on January 6th, when the three kings play the role Brits normally expect of Father Christmas and leave presents for Spanish children.
 
New Year’s Eve is also big in Spain. It is the tradition on the night to wear red underwear bought by someone else! Street parties with firework displays and entertainment are organised in most towns, with bars and restaurants reserved for private parties. At the stroke of midnight it is the tradition to bring good luck by eating twelve grapes, one on each stroke of the chimes that greet the New Year.
 
Given its enviable reputation it’s easy to see why demand for property in Marbella has been and remains high with house prices remaining stable in 2008. Julia Norton, Sales Director at Champneys Marbella, comments:
 
“There’s no doubt that Marbella still retains something of the exotic about it that proves a huge draw to those from other parts of Europe and the world. This remains particularly true with Britons whose love affair with the Costa del Sol persists, with continued high numbers deciding to move here permanently.
 
“The average price of housing in Marbella is over 28% higher than this time last year (Q4 2008 compared to Q4 2007 according to www.kyero.com), which is remarkable when one considers the current financial climate. And with property in Marbella is 166% more expensive than the Spanish average, this clearly demonstrates the continued strength of the top end of the market.”
 
 
About Champneys Marbella Spa Resort
 
Set within the hills of Marbella’s National park this exclusive development boasts an idyllic location over looking the coast line of Marbella and Puerto Banus. Apartments and penthouses are available in the exclusive luxury resort combining the Champneys spa lifestyle and stunning climate of the Mediterranean. Prices start from €696,358 for 2 bedroom apartments There are just two 2 bedroom penthouses available at €971,729 and €1,026,705. Also available are 3 bedroom 3 bathroom vast duplex suites with private pool, two parking spaces and two store rooms at €1,700,000.
 
 
For more information contact 01442 291200, email sales@champneysmarbella.com or visit www.champneysmarbella.com.

On the search for the ´Mr Right´ of Canadian property

by Charlotte Ashton Canada

 

For more and more of us the search for the ‘right’ investment, the ‘right’ location and the ‘right’ property overseas are all important considerations and as the world becomes even more accessible the choices are seemingly endless. But how do you know when you´ve made the right choice?
 
For a group of French speaking young people their quest for the ´right´ choice has taken a slightly different turn as filming of the fifth series of Double Occupation – Canada’s version of the popular US and UK series, The Bachelor – recently began at the popular development of Fiddler Lake in eastern Canada.
 
A programme inspired by peoples search for Mr and Mrs ‘Right’, the Double Occupation production team chose Fiddler Lake for its stunning properties which incorporate both modern style and spacious living areas all with the romantic feel of lodge tradition; the perfect atmosphere for such a task.
 
“Couples are set challenges that involve travelling to other countries as well as taking part in activities within Fiddler Lake” says John Prior, Principal of Undiscovered Properties who sold the bespoke homes. “The team at Fiddler Lake have been very excited to welcome the production crew and cast of Double Occupation and the series´ popularity goes from strength to strength.” 
 
Already a fashionable location with celebrities such as Ultravox´s Midge Ure who owns a home at Fiddler Lake, Prior goes on to say, “The recent arrival of the Quebec TV network TVA highlights the unique, private and exclusive qualities of this resort.”
 
Fiddler Lake is now virtually sold out but there are 10 new plots that have become available due to the relocation of the boutique hote and the developer has a sister resort of Eagles Ridge Golf and Country Club which can be found 15 minutes drive from the popular resort of Mont Tremblant, which is a newer project and construction is well underway, there are a number of magnificient plots still available. The luxury lodge properties are set within 1,800 acres of natural woodland surrounding 5 freshwater lakes. Eagles Ridge is only 90 minutes away from the cosmopolitan city of Montreal with its international airport connected by direct flights to over 120 destinations around the world.
 
The 3, 4, 5 and 6 bedroom lodges of Eagles Ridge are the perfect retreat for all the family and the unique styles and features give owners an exclusive property in the heart of Canada. Prices from £249,000 / $448,600, for more information contact Undiscovered Properties on 0870 734 7968 or visit www.undiscoveredproperties.com.

Leading Cypriot developer gets on board as four marinas set sail for make-overs

by Charlotte Ashton Cyprus

 

The construction of a man-made island and the development of coastline that basks in sunshine nearly 365 days a year sounds like something you would associate with the United Arab Emirates but in a bid to enhance its future tourism appeal, the Mediterranean island of Cyprus is doing just this.
 
The Cypriot government is hoping to lengthen its tourism season and also attract upmarket visitors by giving planning permission to a total of four new marinas located in the island´s main resorts, Limassol being the grandest of them all.
 
Construction of Limassol Marina will commence in early 2009 and is set to be completed, with its artificial island, by 2013. The marina will have 1000 births available, 400 connected to the mainland and 600 on the island which will also hold an array of properties, boating services and entertainment areas. The three other ports along the southern side of the island to receive make-over’s in the next few years are Larnaca, Paphos and Ayia Napa which will all have some large scale development carried out. No less than 900 spaces will be available for births at each port with the marina at Larnaca, set to start construction around the same time as Limassol, being able to accommodate the “super yacht” (yachts that are over 35 metres long) as well as hosting a cruise liner terminal.
 
“The size of these projects is quite amazing” says Martin Pearce, UK Sales Director of Aristo Developers a leading property developer on the island. “For example, currently Larnaca can host up to 200 vessels but this enhancement will mean that up to 1000 vessels can take advantage of the facilities at the port. Other popular towns such as Paphos and Ayia Napa will all have similar features and will provide better accessibility for skippers wanting to explore the island. As a company we are excited to see these projects get under way and the feeling in Cyprus is that it will not only create more jobs in the areas mentioned but will also appeal to a different kind of visitor.”
 
So what will these nautical enhancements mean for an island that has such a rich history and culture? Cyprus has seen a steady growth in tourism over recent years but figures now show that the popular island has reached a plateau of approximately 2.4 million arrivals and revenues of around €42.5 billion per year.
 
Antonis Paschalides, Minister of Commerce says, “Our vision is for maritime tourism to become a predominant source of revenue and the backbone of the island’s development effort”.
 
The government of Cyprus has been taking the development of its tourism industry very seriously with Paphos International Airport and its new terminal and facilities also recently opening. According to airport-technology.com the passenger growth in Cyprus is now expected to be between 3.5% and 4% a year and time will only tell what the impact of the planned marinas will do to increase these figures.  
 
Pearce says: “In addition to the boost this gives to the tourism industry in Cyprus, it is another sign of the commitment Cyprus has to the continued development of its first class infrastructure and the benefits this will bring to investors” Aristo Developers have a large number of properties around the planned new marinas some even offering private boat shelters. “For those looking for a property close to the water with more secluded and private boating facilities we have opportunities surrounding the bay at Latchi which has a well established yachting marina” says Pearce. “If on the other hand you want to be closer to some of the bigger marinas we have properties in and around the areas of Limassol and Paphos; there really are many options and with all main ports being regenerated you are never far away from the first class marine facilities that Cyprus offers.”
One development available is the luxury villas of Agnades Village which is just a 4 minute drive outside the stunning surroundings of Latchi a small village with its own yachting marina and port. Situated at the foothills of the Paphos Forest only metres from the sandy beaches, these properties provide an ideal location for those looking for an overseas home suitable for holiday use, permanent living and retirement. Prices start from €462,600 / £410,700 plus VAT Aristo Developers will also be attending the 2009 Boat Show being held at London Excel which will host some of the world’s finest yachting and sailing companies from the 9th -18th January 2009. For more information on Aristo Developers or to arrange an appointment at the show contact 0800 856 3338 or visit www.aristodevelopers.com.
 
——-Editors notes—–
 
Prodomi Village 3, Polis-Prodomi, Cyprus
 
Luxury 2 bedroom Villas and 3 bedroom deluxe Villas complete with private pool. Set in a stunning location just off the coast of Latchi, these properties are the perfect venue for year round holidays, permanent residency of retirement. Prices range from €510,300 / £444,120 plus VAT For more information contact 0800 856 3338 or visit www.aristodevelopers.com.
 
Aristo Riviera Beach Villas, Latchi, Cyprus
 
Luxury 3 bedroom beach villas complete with private pool. Set in a stunning location just off the coast of Latchi, these properties are the perfect venue for year round holidays, permanent residency of retirement. Prices start from €848,700 / £738,700 plus VAT and for more information contact 0800 856 3338 or visit www.aristodevelopers.com.
 
Venus Rock Resort, Paphos, Cyprus
 
A variety of properties surrounded by exquisite gardens and only 12 miles east of Paphos, prices start from €433,000 / £376,600 plus VAT for more information please contact Aristo Developers on 0800 856 3338or visit www.aristodevelopers.com.
 
Aristo Regina Court, Limassol, Cyprus
 
Elegantly designed studios and 2 and 3 bedroom apartments in the beautiful Cypriot town of Limassol. A short walk from a series a popular sandy beaches and marina make this an ideal location for both holiday use and permanent living. Prices start from €207,200 / £180,305 plus VAT. For further information on this great investment opportuity contact 0800 856 3338or visit www.aristodevelopers.com.
 
—-ends—–

 

An American icon comes to Thailand

by Charlotte Ashton United States

It’s not hard to imagine that anyone given the names Christopher and Columbus by his parents would have to be interested in boats. This was certainly the case with Christopher Columbus Smith, born in 1861 in Detroit. He was fascinated by boats, building his first wooden one – a rowboat – at the age of 13. By the time he was 20, he and his brother, Henry, were working full-time building high-quality boats to order.

In 1910, the brothers, with partners, registered the Smith Ryan Boat & Engine Co. The name was changed in 1924 to Chris-Craft Inc. The rest, as they say, is history and the company earned a reputation for producing high-quality, sleek, mahogany powerboats. As early as the 1920s, Chris Craft was offering a one-year warranty against manufacturing defects, claiming its boats were “so nearly trouble-proof that this guarantee has cost an average of only $6.00 a boat”.
The good looks and quality attracted high-profile buyers such as car manufacturer Henry Ford and newspaper magnate William Randolph Hurst. Various members of leading American families – the Vanderbilts and the Firestones, the Sloans and the Morgans – also bought Chris Crafts.
Stars of the stage and screen also had to have a Chris Craft. Among these were movie star Katherine Hepburn and singers Frank Sinatra, Dean Martin and Elvis Presley. Chris Craft boats also made significant appearances in a variety of movies, particularly On Golden Pond (starring Hepburn), in which the boat is crucial to the plot, as well as Indiana Jones & the Last Crusade, The Godfather II and many others.
The boats were not just glamorous, they were also fast. As early as 1915, Smith had built two proven race winners, the Baby Speed Demon and the Baby Reliance which won the American Power Boat Association’s Gold Cup. By 1921 he was advertising a 26-foot runabout that would do 35 knots; the following year he offered four different designs, the largest being the 33-foot Baby Gar, which would hit 50 knots and cost US$7,500.
It wasn’t just moguls and movie stars who dreamed of owning a Chris Craft – and the company tried to ensure that just about anyone could realise this dream. Standardized production – in effect a hand-crafted assembly line – meant that the boats, though of high quality, were also affordable. In addition, Chris Craft offered payment plans, putting its boats within reach of those who could not afford the full price in one go.
In short, thousands of people bought Chris Crafts, each becoming the proud owner of a sleek, graceful, fast icon, the American equivalent of the revered and much-sought-after Rivas made in Italy at the same time. These were the glory days.
Chris Smith died in 1939, but is still revered in the boating community. The Mariners’ Museum of Newport News, Virginia, which acquired the complete company records from 1922 to 1980, describes him as “the dean of American standardized boatbuilding”. His son Jay took over, and then his grandson Harsen.
By that time – the late 1950s – Chris Craft had 10 factories and 5,000 employees making more than 8,000 boats a year and generating income of US$40 million. Harsen appeared on the front cover of Time magazine in early 1959, described as “the man who perhaps, more than any other, put the U.S. family afloat”.
Less than a year later – possibly recognising that the whole industry might be about to change radically with the advent of fibreglass which would mean massively expensive retooling – the family sold the company. The following two decades were less happy. Chris Craft, still making mahogany boats, began to lose out to competitors working in fiberglass. Ironically, it had been the first to make use of fibreglass, in its 19-foot Silver Arrow, launched in 1958, which had a wooden hull covered with a shell of the new material. But less-than-sparkling sales – 92 Silver Arrows sold in two years – had convinced management at that time to go back to timber hulls.
The last wooden-hulled boat, the 57-foot Constellation, was made in 1971, and all hulls were made in fiberglass after that. But the company continued to struggle, changing hands a number of times before going out of business in 2000 when parent company Outboard Marine Corp collapsed.
Chris Craft was swiftly resurrected by turnaround specialist Stephen Julius. In 1988 he had restructured the similarly ailing Riva and then sold it on to Italy’s Ferretti Group. But after the sale he missed having a top-class boat maker and cast around for another legendary brand to make his own. He and friend Steve Heese snapped up Chris Craft, re-hired key employees and set about reviving the company. The following year, Chris Craft – now based in Sarasota, Florida – made its comeback at the Fort Lauderdale International Boat Show. The doors opened on the first day, and a customer walked in and promptly bought a boat. Chris Craft was back on track. Thanks to the company’s lasting reputation for building strong, fast, beautifully finished boats, sales in the first year totalled $26 million.
There are now 20 models in the Chris Craft line, ranging from the 19-foot Silver Bullet, with a top speed of 50 knots, to the 40-foot Roamer express cruiser, which can sleep four or more in luxury (depending on configuration) and has a range of 415 miles. Since its formation almost 130 years ago, the company has built more than 250,000 boats.
The latest development is that boat-lovers in Thailand can now see, try and buy Chris-Craft boats from the company’s new agent, Chris Craft Thailand, based at the Boat Lagoon marina in Phuket. For basic no-extras models, prices range from US$50,000 to US$500,000 plus shipping. Chris Craft Thailand also plans to make boats available for charter and to open more outlets in seaside cities around Thailand.
Frank Van Hooijdonk, Boat Sales Manager of Chris Craft Thailand, said, “We’re honored to be the Chris Craft dealer in Thailand. Now finally people here can experience the boat used by presidents and movie stars.”
As in Florida, Chris Craft made its Thai launch at a boat show – the Phuket International Marine Exhibition and as in Florida, the company sold a boat – a Lancer 20 – almost as soon as the show opened. Mr. Van Hooijdonk was elated. “It’s been fantastic,” he said on the second day of the show. “It was just like Fort Lauderdale. We sold one boat to a client who has a film studio, and we have at least 10 other people who will probably buy. They know the name and the quality – that’s what makes the difference.”
For more information please contact Frank Van Hooijdonk at frank@chriscraft.asia, call +66 (0) 819784740

The Spanish Property Market – reasons to be optimistic in 2009

by Charlotte Ashton Cape Verde

 

In the last ten years, more and more Brits have taken the plunge of investing in Spanish property, be it in the form of a holiday home, buy to let investment or permanent relocation. However as a difficult year for the Spanish property market draws to a close and with future financial concerns at the forefront of many people’s minds, we ask how this market will fair in 2009?
 
Casas de Lorca, established developers in Murcia, south east Spain, offer their thoughts about what they expect to see during the next twelve months. Looking at the key underlying market influencers, they offer concrete reasons as to why the more alarmist predictions of slumps should be exiled and why interest in Spain by Britons will continue to thrive well into the next decade.
 
Experts believe that both UK and Euro interest rates will continue to fall throughout the first half of 2009 helping to stimulate both the UK and Spanish property markets. As lower interest rates and greater governmental pressure on banks increases lending, the UK property market is likely to be stimulated. As people manage to sell their UK homes, more can buy their dream home and relocate to Spain as is the desire of many. Casas de Lorca has a large database of clients who have decided that they wish to purchase a luxury villa in inland Murcia but are waiting to sell their home in the UK; therefore if the falling UK interest rate simulates the domestic property market, then not only will there be more new buyers for Spanish property but it will allow Casas de Lorca’s existing prospective buyers to complete their purchases.
 
Aside from economic factors, Casas de Lorca say the popularity of Spain as a holiday destination over the last year has reasserted itself. Twelve months ago, there was a large growth in potential property purchasers looking for new, emerging, often viewed as ‘better value’ markets than Spain leading to a glut of property stock, especially on the popular Costas. Towards the end of 2008 however, many of the flight routes to emerging European destinations were cancelled leaving buyers less sure of the more untried and untested destinations. Nevertheless, the resultant over supply of holiday homes in Spain led to price reductions in some areas, which can be viewed in a positive as well as negative light. Whist some investors became unsure about potential price drops, others saw the opportunity to grab a bargain and this is set to continue in 2009.
 
Whatever the changing economic circumstances, the underlying reasons why Brits love Spain remain unchanged. The year round sunshine, easy going lifestyle and comparatively lower cost of living are still strong pull factors. For the climate alone it is regarded as one of the preferred destinations for the retirement market. In addition, many looking to retire abroad are coming to the conclusion that emerging destinations may not have the same quality of health care or the familiar culture they see as Spain offering them.
 
Mike Hamilton, Sales and Marketing Director of Casas de Lorca believes that although 2009 may present more difficulties than in recent years, he remains unconcerned about the Spanish property market and its long lasting attractiveness to Britons. He says:
 
“Despite current difficulties, I believe the various underlying factors leave cause for optimism in the Spanish property market, chief among them the Brits’ enduring love of Spain. For example, I have forecast for strong growth in our villa sales. The classic designed villas set on five acre plots have continued to sell well during the credit crisis, so I predict that if dropping interest rates begin to stimulate the UK property market we will be seeing at least a 30% growth versus 2008. It will take time for the property market to begin to recover, but with low interest rates and uncertainty in the stock market it is difficult to see where else people would look to invest.”
 
For more information please contact Casas de Lorca on 0844 734 8057 or visit www.casasdelorca.net.
 
 
 
Example of a property for sale in Murcia:
 
Casa Cordoba, Lorca, Murcia
 
Lorca is found in the Spanish province of Murcia and is a town full of cultural and historical features including museums, churches and a castle. Lorca is called the city of the sun and has many leisure facilities such as a theatre, cinema and hosts many concerts and festivals throughout the year. It is located within 20 minutes of the coast.
 
The Casas de Lorca villas on 5 acres are only a twenty minute drive away and the location of these villas mean stunning panoramic views of the surrounding countryside. There are 3 airports within an hours drive and high speed trains mean links to Madrid are very popular too. 
 
Casa Cordoba is a classic Andalucian styled 3 or 4 bedroom villa uniquely built around an internal glass walled courtyard. The views through the living room and the high tower fill the villa with lots of light and provide stunning views of the surrounding countryside.
 
Prices start from €256,000 for more information contact Casas de Lorca on 0844 734 8057 or visit www.casasdelorca.net.
 

Far from the Botswanan bush Limpopo-Lipadi triumphs again with gold at the 2008 Homes Overseas Awards London

by Charlotte Ashton Botswana

 

The excitement surrounding the 2008 Homes Overseas Awards held at the Grosvenor House Hotel on Park Lane, London on Friday 28th November was justified by this years winners including Alan Marneweck, founder and director of Limpopo-Lipadi Game & Wilderness Reserve in Botswana, who received a gold award for Most Sustainable Development.
 
Worlds away from tracking rhino and habituating a new family of wild dogs onto the ever growing reserve located in eastern Botswana, Marneweck waited patiently as the awards were announced. Saving the best until last, some might say, the award for Most Sustainable Development was awarded to Limpopo-Lipadi for the second year running.
 
“It’s been an exciting year for us, seeing positive response to the reserve from the UK and other global markets despite the current financial climate” says Marneweck, who had flown in especially for the awards. “We were delighted to win an award last year and were very honoured to be short listed again. We left Botswana at 40˚C and London’s climate always comes as a bit of a shock but it is good to attend an event where the very best in the property industry are represented.”
 
Covering an expanse of over 80,000 acres, the Limpopo-Lipadi reserve offers investors passionate about the environment, about Africa and about making a positive impact on the planet, the chance to contribute to and benefit from a unique project. Marneweck says: “The creation of a working investment and tourism model that will lead the field when it comes to environmentally, ecologically and socially conscientious and responsible tourism has always been the ethic driving this project.” 
 
“During construction of the reserve’s accommodation elements, anything from the trees to the termite mounds were protected from any impact” continues Marneweck: “Ultimately Limpopo-Lipadi’s environmental administration plan is one of the strictest and most comprehensive ensuring the game and wilderness reserve leads the way with ecologically sensitive and intelligent tourism and protects and enhances the natural landscape in beautiful Botswana.” Marneweck concludes: “It is a privilege to work in such a beautiful country with amazing people and rich culture and this award is another reflection of the team’s hard work and dedication to the bigger picture of true sustainability.”
 
For more information on the award winning project of Limpopo-Lipadi please contact 0871 244 5152 or visit www.limpopo-lipadi.com.

“An investment in knowledge always pays the best interest” – Benjamin Franklin

by Charlotte Ashton Venezuela

Within the current economic situation, a time of uncertainty for all, it has become difficult to know what is the best move to make when it comes to your personal finances and savings. Should you keep them where they are and risk the change in interest rates negatively affecting them? Should you secure them in a higher-interest bond with a bank whose future remains shaky? Or should you invest the money in the stock market where day-to-day worries may hinder your sleep at night? With these tricky questions on the minds of many in the current climate, another alternative could pave the way for the savvy investor – the emerging overseas property market.

Susan Nienaltowski, an Operations Manager from Waterlooville in Hampshire, recently moved money out of her bonds by purchasing an apartment on Isla Margarita in the Caribbean through Emerging Earth. This decision was made after a suggestion from her IFA when she expressed a desire “to make more money faster” – a feeling shared by many in the current climate – and he suggested that the overseas property market might be just the place to do it.
After much consideration and research, Susan – a keen traveler – decided to invest €136,220 in a two bed, two bathroom apartment with a large balcony in the Caracola Beach and Spa Resorton Isla Margarita. Susan was drawn to the location as it is the only Caribbean island outside of the hurricane belt and she felt it to be an “up and coming destination in a popular region”. Investing in an emerging location, tipped to show substantial house price increases in coming years, meant that Susan ensured a sound investment for her money and with a great number of people currently losing money now stagnating in more ‘traditional’ savings places, she has found this option to be potentially more secure than some conventional methods, with added benefits. She says,
“It seemed like a very good deal… There is guaranteed rental income and also, should I choose to, it seems a popular area to own a property and so I could sell if I wanted to.” Susan is right: with tourist figures in Nueva Esparta having increased by 3.42% during January to September 2008 proving the popularity of the region, house prices in coming years are also likely to follow suit. Not only this but the Caracola Beach and Spa Resort guarantees a 7% rental return for 10 years – a great deal more capital appreciation than the current income likely from savings accounts, limited to around the 5.5% mark.
Traditionally, however, it is the ‘risk’ of buying overseas that deters many – especially in emerging markets where the potential of capital growth may be higher but the risk in turn is too. Given the current well-publicised risks involved in investing in UK financial institutions however, the overseas ‘risk’ of old can now seem less daunting. When making her choice, however, Susan still ensured she spread her risk,
“I decided to spread my investment between two properties and am also purchasing an apartment in Egypt.” Choosing to purchase two lower-priced properties, as opposed to a single property that would take up all of her money in a market with a limited track record, is recommended as the risk is lower, therefore adhering to the old adage of not placing all your eggs in one basket. This is especially true when, like Susan, you have not visited the regions you are buying in.
Along with the other usual considerations when buying abroad, as a single woman Susan recognises that she could have also been prey to unscrupulous agents. Wise to the fact, however, she has some tips as to how to best avoid the potential pitfalls,
 
“I think the important thing is to use people you can trust.  I feel very comfortable that I understand all the contractual details and legalities because I had someone to refer to if I needed any clarification… The lady I dealt with at Emerging Earth was brilliant and went through the contract with me to make sure I was completely comfortable with it.” As Susan has shown, it is very important that when investing your savings, you feel truly comfortable with the choices you are making and that you have the necessary professional support. Mark Andrew, Managing Director of Emerging Earth, agrees,
“When looking to invest in an overseas market, it is important to recognise that there may be a great deal about the buying and legal processes that differ from that of the UK and therefore it is very important to seek advice from a trusted source as well as to buy through an established and professional agent. Susan went about her investment in a very sensible way – she took independent advice as well as researching the market herself using the internet. Her story proves that a well thought out investment is a secure one.”
 
Susan remains open-minded about her investment in Isla Margarita, “it remains to be seen as to whether I shall make money from my investments however it has been an exciting undertaking and I am looking forward to visiting my property”. Perhaps, therefore, given the current times of economic uncertainty at home more people should look to take the measured chance Susan has taken – and just maybe you will end up profiting. 
For more information on investing in Isla Margarita, contact Emerging Earth on 0845 604 1208, email team@EmergingEarth.com or visit www.EmergingEarth.com.

Dominican Republics ‘Swaying’ vote for Golf destination of the year award

by Charlotte Ashton Dominican Republic

 

Over 500 years ago on December 5th 1492 Christopher Columbus discovered The Dominican Republic on his voyage to the new world. An Island that Columbus accounts in his diary as being “a beautiful island paradise with high forested mountains and large river valleys” it was a discovery has been recalled as one of Columbus’ fondest.
Now as the island approaches the anniversary of its discovery it has been given the award for the 2008 “Golf Destination of the Year for the Caribbean and Latin America” by the International Association of Golf Tour Operators (IAGTO). It was presented on November 18th at the 2008 International Golf Travel Market´s (IGTM) held in Marbella, Spain by Francisco Javier Garcia, the Dominican Republics Minister of Tourism and comes at a positive time for an island that is famed for its celebratory fiestas. Garcia states: “The IAGTO award affirms that the Dominican Republic has arrived on the international scene as an important new ´It´ destination for golf. The world is taking notice of the Dominican Republics world-class designer golf courses set amid stunning sea sides, beaches and mountains in an accessible and affordable destination.”
Garcia goes on to say: “The Dominican Republic is home to some of the world´s most dramatic and spectacular golf courses designed by legends such as Pete Dye, P.B. Dye, Jack Nicklaus, Robert Trent Jones, Gary Player, Tom Fazio and Nick Faldo.” In addition to this award magazines specialising in golf, travel and leisure are highlighting the Dominican Republic with golf courses on the island being found in the top 10 and top 20 features run within the publications.
Steve Worboys, Director of Experience International who offer investment opportunities on the island says: “The Dominican Republic is now a world renowned location famed for its white sandy beaches and picturesque scenery and it is continually being discovered by celebrities, families and couples as a famed holiday destination. Worboys continues: “We have seen an increase in popularity with the island and as the tourism sector increases its position in the world market this Caribbean island has now been honoured with an award that makes it even more attractive to the avid traveller and golfer.”
Swaying Palms is located in the exclusive Punta Cana area of the Dominican Republic and is becoming one of the most popular areas on the Island. It has recently attracted large scale investment from superstars including Brad Pitt and Donald Trump and it takes just 20 minutes to drive to this stunning beach town from the International airport.
Swaying Palms is a luxury gated and private community in Punta Cana that offers 2 and 3 bedroom apartments and penthouses that come with a private terrace and Jacuzzi. Facilities onsite include a tennis club (free membership included), private beach club, restaurant and supervised children’s play areas. Prices start from $140,000/ €155,889/£93,468.

For further information on this investment opportunity on the island of the Dominican Republic please call +44 (0)207 321 5858 or visit www.experience-international.com.

Ski season officially opening this weekend!

by Charlotte Ashton Canada

Mont Tremblant in eastern Canada is in eager anticipation for the opening of the 2008-2009 ski season, they have prepared the slopes and have confessed it is, “The place to be for everyone who loves downhill thrills and chills!” The ski lifts will open for the first time this season at the weekend and for those who love the buzz of boarding, it couldn’t come soon enough.

Last year saw the deepest snow fall in 10 years with 600cm (236”) coating the slopes, 218cm more than the average Mont Tremblant usually enjoys. Of course skiers and businesses are confident in this ski-sure setting that the precipitation will be similar this season for another tremendous Tremblant ski experience.
Skiing is not only a past time enjoyed by ‘board bums’, Mont Tremblant offers something for skiers at all levels. 17% of the trails are perfect for beginners and nearly double that amount are suitable for intermediate skiers so you don’t have to worry whether your turns are more snow plough than parallel, with 631 acres of skiable ground there is plenty of space to learn. For the self confessed ski and snow board enthusiasts 50% of the trails will suit you plus 18 acres of ramps, rails and jumps as well as an Olympic calibre superpipe.
Tremblant as a resort and settlement dates back to the 19th Century when the first locomotive put it on the map in 1892. Later in 1938 a gold prospector named Joseph Bondurant Ryan climbed the summit of the ‘mountain of spirits’ and vowed to make its beauty known to all and only a year later the Mont Tremblant Lodge opened. By 2001 and a cool $850million later, the Lodge is now where the picturesque pedestrian village of Tremblant stands and it continues to enchant visitors as it did Joseph Ryan so many years ago.
With increased tourism and visitor demands so is there an increased requirement for accommodation. As the resort evolves there are plans to build two more alpine villages on the north side and on the versant Soleil of the mountain, John Prior, Principal of Undiscovered Properties, has already seen this opportunity and is promoting log homes for sale close to the slopes. John states, “Mont Tremblant appeals to so many throughout the whole year but of course the winter season brings with it snow and with some European destinations floundering under a lack of the white stuff the demand for the Canadian ski resorts is on the rise. It is not only Canadians who like to get away to the fresh clean air of the mountains but interest from the international markets is strong even with the economy as it is.
“As well as those looking to use the homes themselves, many buyers are purchasing properties speculatively, looking to rent out their log homes to tourists and so far owners haven’t been disappointed. Rentals have increased every month to the point we were sold out in the height of the summer and are also sold out for Christmas/New Year. We estimate 60-80% occupancy for next year based on the trends we have seen.”
Undiscovered Properties is offering La Grande Foret, nestled in acres of unspoilt maple, cherry and pine forests only 5 minutes from the village of Tremblant. Properties will be rustic log and custom timber homes built with expert Quebec craftsmanship. You can choose to invest in a 3, 4 or 5 bedroom property, with log homes starting at £365,000/ €429,000
And for those looking to purchase an investment ski log timber lodge on an already completing project at Fiddler Lake, night-skiing capital of Canada, properties are being offered from £215,000/€253,000 and for those interested in making a ski-inspection visit over the winter, the developer is offering a CAD$2:£1 exchange rate deal on the deposit paid, if exchanged contracts by March 09, making that a whopping 12.5% discount on the deposit and with mortgages easily available, this makes for an attractive offer
 
If you want to wake up to the cool freshness of the Mont Tremblant mountain air then speak to Undiscovered Properties and ask about their subsidised ‘ski-inspection visits’ over a long weekend. Tel: 0870 7347968, Web: www.undiscoveredproperties.com.
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Further properties on the market:
 
Eagles Ridge Golf and Country Club, Canada
Exclusive 3, 4, 5 and 6 bedroom lodges found on the border of the Mont Tremblant National Park. Prices start from £280,000 / $573,000 for more information contact Undiscovered Properties on 0870 7347968, email contact@undiscoveredproperties.com or visit www.undiscoveredproperties.com. 
 
 
Mont Tremblant snow information:
Snow conditions
·                                 Average annual snowfall: 382cm / 150 inches
Annual Precipitations
·                                 Precipitation 2007-2008 : 600 cm (236″)
·                                 Precipitation 2006-2007 : 301 cm (119″)
·                                 Precipitation 2005-2006 : 432 cm (170″)
·                                 Precipitation 2004-2005 : 302 cm (119″)
·                                 Precipitation 2003-2004 : 404 cm (162″)
·                                 Precipitation 2002-2003 : 416 cm (166″)
·                                 Precipitation 2001-2002 : 358 cm (143″)
·                                 Precipitation 2000-2001 : 348 cm (140´´)
·                                 Precipitation 1999-2000 : 343 cm (138´´)
·                                 Precipitation 1997-1998 : 280 cm (112´´)
·                                 Precipitation 1996-1997 : 482 cm (190´´)

Exploring the Ski Secrets of Cyprus

by Charlotte Ashton Cyprus

When you think of Cyprus, the image that will probably spring to mind will be of a sun-kissed island destination in the Mediterranean – famous for summer holidays, a beautifully relaxed pace of life, excellent cuisine and welcoming people. This image is of course accurate and it covers many of the reasons why people choose to holiday in Cyprus, invest on the island and even relocate to live in Cyprus. But this image doesn’t tell you everything about the destination – because Cyprus is an island for all seasons. Not just a picturesque place in the summer, but an island with an emerging winter sports scene, where you really can ski in the morning for up to four months of the year, and then head to the coast and swim in the sea in the afternoon.

 

The appeal of Cyprus as a ski destination is gradually growing as the offerings available at the Troodos Village ski area improve, and as word spreads about the charming features of the island’s winter sports destination. The appeal is also growing as the annual Federation Internationale de Ski giant slalom and slalom competitions that take place in the Troodos, gain wider recognition and also importance on their annual ski events calendar. In 2009 the competition will take place in early March, and for those who want to practice, the ski season in Cyprus runs from late December to early April.

 

The ski slopes in Cyprus are located around Troodos Village, also known as the Troodos Skiing Resort, it’s situated on a col between Mount Olympus and one of the other peaks of the range. There are hotels in and around the village, some excellent restaurants and generally speaking, the facilities available to skiers are improving. There are a total of four main slopes that appeal to all levels of skier, and it’s possible to hire ski and even snowboard equipment onsite, or buy it from a limited number of sports shops in Limassol and Nicosia. The cost of a days ski pass or even an hours private tuition is incredibly cheap by international ski standards, and the affordability of the resort as well as its striking Alpine charm is just another reason to choose the Troodos Village ski resort in Cyprus. Because Cyprus is such a fascinating island, most people combine skiing in Cyprus with sunbathing, swimming and sightseeing too. In the Troodos Mountains alone there are literally hundreds of sights to witness – from rare flora and fauna to stunning views, from ancient monasteries to the Cedar Valley – and across the whole of the island you really are spoilt for choice when it comes to thinking of things to do!
 
According to Martin Pearce, Sales Manager at Aristo Developers, leading real estate developers and property experts in Cyprus: “the fact that Cyprus offers its visitors such a wealth of entertainment options all year round means that it is of maximum appeal to those who seek so-called jet-to-let property investments; i.e., overseas investment properties located in destinations where there is strong rental demand for up to 12 months of the year. What’s more, Cyprus has a very strong reputation as a favourite choice with those seeking a second home or holiday property. This is quite simply because use and enjoyment of such a property is not limited to a brief summer season period. Therefore, whatever your reasons for buying property abroad, chances are, Cyprus is a destination worthy of your closer inspection.”
 

Whether you’re interested in a home from home, a holiday property or indeed an investment property suitable for use all year round, which is as accessible to the beaches of Cyprus as it is to the lofty snow-capped peaks of the Troodos, the Aristo Souni Pine Forest villa community close to Limassol could be ideal for you. The development comprises of sympathetically designed three bedroom villas on spacious individual plots. Each villa has a light and spacious interior, it features a large veranda that leads to a private swimming pool, and all gardens and grounds are landscaped. The villas are a short drive away from the beautiful beaches at Ladies Mile and Kourion, Limassol’s bustling and vibrant town centre is just a 10 minute car journey and then within an hour you can be in the heart of the stunning Troodos Mountain range, experiencing all the delights that this lesser-explored part of Cyprus has to offer.  Prices for these exceptional properties start from just €289,200 / £229,300 (+ VAT), and for more information contact Aristo Developers on 0800 856 3338 or visit www.aristodevelopers.com.