Positive International Property Market Predictions for 2009

by Charlotte Ashton Bulgaria Cape Verde Egypt Tunisia

The financial landscape in 2008 has been dominated by dramatic declines on stock markets and currency crashes; this has resulted in instability in many nations’ economies as the very fundamentals upon which stable economic practices are built have been undermined. In the UK we’re living in a state where inflation is rising, interest rates are falling, our currency is declining in value and property prices are stagnating. All in all this presents a pretty bleak backdrop for would-be real estate investors, as well as for those hoping to get on the property ladder. Conversely however, in certain specific corners of the world, there are positive predictions for key property markets in 2009.

If you’re wondering how you can invest your money wisely in 2009, in an asset class where there’s not only the real potential for growth but where there’s the possibility of earning an income from your investment to boot, or if you’re looking for an alternative way to get on the property ladder in the UK if your chances of securing a mortgage in the short term are limited, the news that there are certain affordable property markets around the world built upon solid investment fundamentals is very welcome indeed. 
According to Agence France-Presse, one nation where there is intense international investment commitment supporting a construction and real estate boom is Tunisia. In a recent report the news agency highlighted the fact that the government´s pledge to change the law to allow foreigners the right to buy freehold property in the North African country has brought corporate investors and real estate developers from locations such as Dubai and Bahrain. Steve Worboys, MD of Experience International comments:
“The nation’s proximity to Europe, its increasing accessibility and underlying political and economic stability are supporting this level of investment commitment, and for an individual buyer looking for their own reasons to enter the property market in Tunisia, the nation’s tourism potential really makes it worth closer inspection.  According to the World Travel and Tourism Council (WTTC), the next decade will see strong consistent annual gains in terms of activity growth of around 4%. This is because the nation’s government and private sector investors are committing to a massive overhaul and diversification of the tourism product in Tunisia, and there is a national plan for the international promotion of tourism in Tunisia to 2016.”
Experience International handpick property development projects for their sagacious base of investors, and in Tunisia they have chosen The Dunes at El Kantaoui as being of maximum interest and potential for 2009 and beyond. The attractive low-rise apartment development has a beachside setting in a prime residential area close to Port El Kantaoui, and it boasts all the facilities one associates with the very best investment property projects such as a 36-hole golf course, a marina, restaurants and world-class spa facilities.  Prices start in the region of £20,000 for a studio apartment making this an ideal entry-level investment.
The second market that’s making the headlines for 2009 in terms of positive potential is Egypt. Steve Worboys comments: “here the WTTC are predicting annual gains of up to 7% for the next decade thanks to the intensive investment that the tourism market is enjoying. For would-be investors this is excellent news, and according to a report in Homes Overseas magazine, favourable tax rules are another reason that investors are being drawn to Egypt. The Jones Lang LaSalle Global Real Estate Transparency Index has placed Egypt in the 10 most improved countries around the world, and we’ve identified a particularly interesting project for our investors. Oasis Marina in Hurghada is located on its own private Red Sea beach, and it boasts excellent facilities such as a range of swimming pools, a spa, diving and aqua centres and a children’s club.  The development is apartment based making it ideal for jet-to-let investors for example, and prices start from just £35,873.”
Andy Parkin, an accountant from Canvey Island chose to invest an inheritance windfall at the Oasis Marina development, and he not only benefitted from a significant discount for purchasing his property with cash, but because he bought through the Experience International investment team, they negotiated him a 5 year guaranteed rental income as well as guaranteed personal usage of the property for 12 weeks. He explains why he chose Egypt: “this purchase has the element of investment that I was looking for, in Egypt there is the potential for future tourism growth thanks to the 10 year plan that the government has in place and the fact that the government is inwardly investing in their country is something to watch as is Egypt’s position as an emerging market.” 
Cape Verde is the third market under the spotlight for investors looking for the next big thing in 2009. Dubbed “the hidden Caribbean” by a Lonely Planet writer, this archipelago of beautiful sun-kissed islands enjoyed annual tourism gains in the region of 15% between 2004 and 2007 according to a report on the Assetz website, and the WTTC are predicting annual increases of up to 6% in the next decade. As the accessibility of the country and its tourism product develop, so it has been recognised that the potential for investment property bought in prime locations across the islands is immense. Steve Worboys is of the opinion that:
“We are only just beginning to see the tip of the property investment iceberg in Cape Verde, the predictions for this marketplace are exceptional both in terms of capital appreciation and year round rental returns. We have hand picked a prime development in the best location for our investors’ interest, namely the Dunas Beach Resort on Sal. It encapsulates the best of both worlds combining frontline sandy beaches on one side, and frontline golf on the other.  Located just a short walk from the centre of Santa Maria where there is an extensive array of beach clubs, bars and restaurants, this exclusive resort is set within lush community gardens and all apartments and villas have amazing tropical views.  The on site facilities include a commercial centre, a spa, pools and gymnasium. This is a high-end resort of maximum appeal and apartments start from £71,452 and detached villas from £214,456.
The final market that has made a comeback for 2009 is Bulgaria – and more specifically the winter sports resorts that the nation is becoming increasingly famous for. According to a report in the Daily Telegraph, Bulgaria’s ski resorts such as Borovets are among the most affordable and therefore popular for Britons. And with the credit crunch and high inflation squeezing all pockets in the UK, the affordability of Bulgaria makes it highly enticing. Samantha Emery from Watford chose Bulgaria for her investment property purchase for the following reasons: “I didn’t have enough money to buy a house in the UK so I decided to buy a flat in the UK and an apartment in Bulgaria to help me save to buy a house in the future. The property I bought at the Pirin Golf and Country Club in Bansko is an investment through which I gain my profit from renting – in all honesty I cannot see how the Pirin Golf and Country Club will not succeed in making me money, after all it is a 5 star development in a prime location in one of the best ski resorts in Bulgaria!”
Samantha bought her property through the investment team at Experience International who currently have another stunning development available in the Telegraph’s ‘favourite of Borovets. Steve Worboys sums up its appeal: “Borovets Gardens is a luxury, gated studio and apartment resort set in a stunning pine forested mountain location. It has first class facilities such as a fitness club, sauna, restaurant and bar, and properties start from as little as £39,041. This means that this development is highly desirable with would-be tenants because of its location and superior facilities, and because entry level pricing is so attractive, the yields that investors can potentially enjoy are likely to be very handsome indeed.” 
For more information about any of the property investment hotspots highlighted for 2009, or any of the property developments featured, please contact Experience International on +44 (0)207 321 5858 or visit www.experience-international.com.

The French Connection

by Charlotte Ashton Canada

If you are looking for that ‘je ne sais quoi’ for your chosen ski destination this year then you are likely to jet over to the popular French Alps or Pyrenees, however if it is the French that you love and the ultimate skiing buzz is your game then 6 hours on a plane in the opposite direction will take you to the heart of French speaking skiing on the other side of the pond… Canada!

For those of you that know your piste from your après ski then you’ll know that talk has turned to Canada since it has been selected for the 2010 Winter Olympic and Paralympic Games in Vancouver and the reception from residents and visitors alike has been far from icy. Canada, already famed for its abundant great outdoors, active living and the four seasons of which winter is debatably most popular, has received a record $2.1 billion income from overseas visitors in the second quarter of 2008, up 5.6% from 2007 as 24.7% more travellers stepped ashore; this trend is only set to increase as the Olympics get closer meaning further improvements to infrastructure and facilities for visitors.
Going head to head with the western ski centre of Vancouver, the eastern coastal provinces are home to some of the best ski resorts as voted by the Canadians themselves. Mont Tremblant in Quebec has been ranked No. 1 in 2008 by Ski Magazine for eighth consecutive year, a testament to its superb facilities: 94 different runs served by 13 state of the art lifts, groomed slopes of all grades to suit skiers and snowboarders of differing abilities, with wide cruising runs, powder bowls and snow parks for freestylers.
The French connection to this region is evident, 89% of all French visitors to Canada chose Quebec because of the shared language and multicultural population and just as we love their taste in wine, we Brits apparently admire the French taste for travel and living too. In 2006, 6,500 British citizens made up their minds to emigrate permanently to Canada. This makes Canada one of the UK’s top ten emigration destinations and also makes the UK the largest inbound travel market other than the US.
“The combination of the Winter Olympics appeal, guaranteed snow and increased popularity by those looking to relocate has had a knock on effect to the property markets where the demand is set to soar,” according to John Prior, Principal of Undiscovered Properties.
“Canada is simply magnifique! It is rich in culture and offers variety in terms of the landscape, activities and people, most importantly in today’s economic climate Canada has the world’s most stable banking system according to the World Economic Forum. We are already seeing a rise in the number of people who are of course looking for their dream ski home but also those who are seeking a break from the bleakness of the UK.”
On the market:
For that French vibe on new shores – 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, only 15 minutes drive from the Mont Tremblant ski resort and merely 90 minutes from the cosmopolitan city of Montreal and its international airport. Prices start from £249,000 / $500,000
Or for the perfect “on-mountain” location, consider La Grande Foret, MtTremblant with magnificent 4-6 bedroom log and frame build homes each in 3 acre lots over-looking the ski mountain and also Lac Tremblant and only 5 minutes from the heart of Mont Tremblant, and with prices for both property and lot starting from £345,000 / $690,000 it’s the place to be. For more information contact Undiscovered Properties on 0870 7347968, email contact@undiscoveredproperties.com or visit www.undiscoveredproperties.com. 
For more information contact Undiscovered Properties on 0870 7347968 or visit www.undiscoveredproperties.com. And check out their subsidised ‘ski-inspection visits’ over a long weekend
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Notes to editors:
 

http://uk.reuters.com/article/reutersEdge/idUKLNE49802O20081010

A Capital Investment in Cyprus

by Charlotte Ashton Cyprus

 

The capital city of Cyprus is Nicosia; set inland almost in the centre of the island, it’s an incredibly historic city dating back beyond 672 BC, and today it’s packed full of fascinating architecture and amazing relics from Cyprus’ absorbing past. The most obvious example of the city’s past can be seen in the well-preserved Venetian fortifications that were built in the 16th century – the walls still encircle the medieval part of the city to this day, ensuring that Nicosia is an important tourism destination in its own right. 
However Nicosia, or Lefkosia as it is known locally, is more strategically important because of its role as the seat of government in Cyprus, for the fact that it’s also the business and financial capital, it’s home to Cyprus’ main university campus, and is a retail and manufacturing hub. Naturally all of these facts ensure that Nicosia is the most bustling and populous city on the island, and that it has a thriving international population making it an ideal centre to target for buy to let property investment. 
Accommodation options in Nicosia are mainly modern and sophisticated, because despite its historical heart, modern day Nicosia is a cosmopolitan, chic and sophisticated city whose apartment and office architecture reflects this very fact. What’s more, Nicosia’s community is young, it’s made up of students, young professionals and families who all enjoy the high standard of living, the great and varied nightlife and the modern shopping malls and amenities, many of which have only been completed in recent years. These people demand high-grade, stylish accommodation, and naturally their demands and tastes have driven forward the housing market in the city.
The property market and subsequent investment opportunities in Nicosia differ to those across the rest of the island. There are year round buy to let opportunities at all levels of the marketplace, making it ideal as a centre for all investors to consider, no matter what their budget. What’s more, the demand is based on solid fundamentals such as the fact that there is a growing student base at the university, there is constant demand from embassy staff and governmental staff as well a steady and stable requirement for accommodation from international businesspersons.
From the Engomi region of the city where you have high-end real estate catering to the many international embassy staff who reside in Nicosia, to the city centre and its immediate suburbs where demand for apartments and penthouses is intense, there are opportunities for all investors. According to Martin Pearce, UK Sales Manager of Aristo Developers, Nicosia currently presents the perfect opportunity for investors:
“Those seeking strong and consistent rental yields as well as capital appreciation potential should take a closer look at Nicosia. There is year round demand in the city for quality accommodation, and tenants are prepared and able to pay well for the right property type. What’s more, an investor can rest assured in the knowledge that demand is very broad in Nicosia, and it’s consistently strong because the city is developing and advancing its international reputation as a financial and business hub, and as a centre of learning. This means increased numbers of tenants come to the market each year pushing up demand and squeezing supply. Naturally this upside pressure on the availability of accommodation units creates the perfect climate for rising property prices and increased monthly rental rates.”
Aristo currently has two particularly exciting projects under construction in Nicosia that are ideal for investors targeting the rich buy to let opportunities that the city boasts. The Anemone Court high-end apartment development is situated in Lykavitos, this is right in the centre of Nicosia. Here tenant demand is intense and this real estate is being constructed to appeal to local tastes. The 1, 2 and 3 bedroom apartments are luxurious, have stunning cityscape views and come with covered parking – prices start from just EUR 144,500. The other offering from Aristo is Iris Court, this development is set in Strovolos, a popular suburb of the city with families and young professionals. The spacious 2, 3 and 4 bedroom apartments have views across the city and are designed for the longer term resident in mind. The architecture is modern and progressive, and the apartments are designed to be spacious and functional. Prices start from EUR 229,000 – for more information please contact Aristo Developers on0800 856 3338or visit www.aristodevelopers.com.

Turks and Caicos take pole position

by Charlotte Ashton World

Turks and Caicos has come first in the Conde Nast survey of the most popular Caribbean destinations making a giant leap from its previous position of 10th in 2007.  This remarkable shift has seen the islands retain their appeal despite the recent brush with Hurricane Ike earlier this year which caused “no significant” damage according to officials.

Comprising over 50 islands covering an expanse of 193 square miles, the British overseas territory, Turks and Caicos, is found 575 miles off the coast of Miami. 2009 is set to see the island host some exciting events including the Indy Turks and Caicos Grand Prix in February and the Caribbean Amateur Golf Championship which they previously hosted in 1999.
The President of the Caribbean Hotel and Tourism Association (CHTA), Enrique De Marchena Kaluche, comments that: “While recognizing that each Caribbean nation is confronted with challenges that are as unique as its cultures and have distinctive appeal to tourists, there are certain shared goals on which the industry must come together to attract not only higher numbers of visitor arrivals, but also a higher calibre of vacationer.” Conde Nast’s poll sees The Bahamas and Jamaica take 2nd and 3rd position respectively and the CHTA’s continued efforts are set to enforce measures for sustained growth over the next few years.
North Caicos is known as the ‘garden island’ of Turks and Caicos and is the 3rd largest island in the archipelago. With a population of less than 2000 people North Caicos is an exclusive location for those wanting to get away from it all and The Royal Reef Resort situated at Sandy Point is a development that offers just that; an area renowned for its natural, unspoiled beauty.
A truly calm tropical paradise, with pure blue waters, white sanded beaches and a barrier reef, the area is said to be the Caribbean’s best kept secret. The five star Royal Reef Resort provides unsurpassable facilities, including three restaurants, stunning gardens, four swimming pools, whirlpools, spa, fitness centre, a variety of shops, two tennis courts, and a stretch of white sand beach. Prices start from £215,000/ $425,000 for a completed studio apartment and the resort also gives you the opportunity to purchase completed hotel suites from £56,000 / $110,000. John Prior the principle of Undiscovered Properties highlights even more incentive as to why Turks and Caicos is increasing in popularity saying: “There is no annual property tax, income tax, corporate tax, inheritance tax or capital gains tax in Turks and Caicos so in the current financial climate North Caicos is an attractive and exotic prospect for the savvy investor.”
For more information contact Undiscovered Properties on 0870 7347968, email contact@undiscoveredproperties.com or visit www.undiscoveredproperties.com.

Family fun in the Turkish sun

by Charlotte Ashton Turkey

 

If you are looking for an ideal place to buy a property for family holidays in the sun, Turkey ticks all the right boxes. Knocking Spain off the top spot, the Mediterranean country was the UK’s package destination of choice in 2008, according to figures from the Turkish Ministry of Tourism and Culture and the Association of British Travel Agents, with over 1 million British visitors, many of them families. So why is Turkey so popular and which are the best areas for families to buy their own a property in the sun?
 
The biggest draw for most sun-starved Brits is the country’s sunshine and blue skies, with great weather guaranteed throughout the long summer.
 
“The conditions at Easter and the summer and winter half-term holidays are also good, and may actually be better for younger kids than the hottest months of July and August,” says Dominic Whiting, editor of the Buying in Turkey guide.
 
The other vital holiday ingredient for kids, a sandy beach, can be found all along the Turkish Mediterranean coast with many long, sandy beaches that are gently sloping and perfect for hours of sand castle building and paddling.
 
For older kids there are plenty of activities to keep them busy. Water sports like windsurfing, sailing, water skiing and parasailing are available and tours can be arranged to the many historic sites and ruins that dot the Turkish coast.
 
Another important plus is how child-friendly Turkey is. Quite simply, Turks adore kids. Wherever you go expect the children to be doted on and spoilt. It is also an extremely safe country and crime-rates are very low compared to the UK.
 
“Crucially for families, Turkey is only a 3.5 hour flight from the UK so no long-haul nightmare getting there and back. There are plenty of budget flight options during the season from charter operators like Thompson and Thomas Cook and no-thrills airlines easyJet, who fly from Gatwick to Dalaman, and Flyglobespan, who operate from Scottish airports,” comments Dominic Whiting, editor of the Buying in Turkey guide.
 
Many new developments in Turkey have been designed with families in mind and have great facilities such as large swimming pools and tennis courts to keep the kids entertained for hours. It is also likely they will find other English-speaking friends to play with, leaving the adults free to relax.
 
Checklist for the perfect family holiday home
 
  • Choose a property close to the beach & shops
  • Choose a development with good communal facilities
  • Choose an area with activities and entertainment locally
  • Select a resort where there are other English-speaking kids
  • Choose a property within 1 hour of the nearest airport
 
Top three areas to buy a family holiday home
 
Kusadasi
The Aegean resort of Kusadasi is very popular with families because there is so much to do. There are beaches and several large water parks, or for something more educational, the ruins of Roman Efesus are a great introduction to ancient history. Izmir airport is only 45 minutes away.
The Melito Villas are spacious 4 bedroom detached houses on a complex with a huge pool and within walking distance of the beach. Ideal for families, the villas costs from £66,500.
 
Dalaman
Dalaman has plenty to keep the family entertained including boat trips, nature tours, mud baths, white-water rafting trips and the gorgeous Blue Flag beach at Sarigerme, which is one of the few in Turkey with life guards. For the adults, an 18-hole golf course is opening in 2009 as part of the Hilton Dalaman Golf and Spa Resort. The international airport has plenty of flights from the UK and the kids can be playing in the pool within an hour of landing.
Akkaya Gardens is a family-friendly development of 2 bedroom apartments starting from £46,200 with excellent facilities including a huge swimming pool, cafe and a fitness centre. Nearby, the spacious 3 bedroom Olive Grove villas have their own pool and cost from £149,000.
 
Side
The kids will love exploring the magical ruins of ancient Side and playing on the sand dunes. Access to the old town is on a tractor train in season making the resort feel like a huge historical theme park. The beaches are gently sloping and ideal for kids, or for some excitement there are white water rafting trips and horse riding in the Sorgum forest.
The Aqua Villas have great communal facilities and are close to the beach and shops with prices starting from £115,900.
 
To find out more about the property in this article contact the Buying in Turkey Collection, Tel 0845 3513551, www.buyingin.co.uk.
 
 

Following the Beckhams in search of La Dolce Vita as David signs for AC Milan

by Charlotte Ashton Italy

 

It has been announced that David Beckham is to move to Italy after signing an agreement to play for AC Milan. On loan from current team LA Galaxy, Beckham is to play for the seven times European champions during the US ‘off-season’, from January.
 
With rumours rife that the Beckham family could make a more permanent move to Italy, and David having reportedly bought a house in the country, he has been keen to set the record straight, stating on Football365.com that “it´s more about me not having so much time off” and that it is simply a move to keep up fitness levels. The Italian Prime Minister Silvio Berlusconi is hoping for a more permanent residence, however, with news of him reportedly wanting Victoria to front a documentary following the family’s move to Milan, a move that would make Victoria Beckham the highest paid television presenter in Italian history and one not dissimilar to the 2007 American programme ‘Victoria Beckham: Coming to America’ that followed the Beckham’s move to LA.
 
David’s move to AC Milan is certain to heighten the appeal of a nation that is not only the most successful footballing nation in Europe, but is also well known for its glamour, fashion designers and celebrities. With Cater Allen Private Bank (part of the Santander Group) finding that over a third of people in the UK travel to ‘celebrity hotspots’ for their holidays and 46% thinking that their choice of holiday destination reflects on them as individuals, Beckham’s move to Italy is sure to have many Brits clambering after a second home in the country.
 
When looking for a home in Italy, there are many hidden areas for investment that could appeal to a savvy buyer for both a holiday home and an investment property. The Calabria region is one such – up and coming for foreign buyers yet a traditional holiday destination for Italians – this southern region has all the benefits of the stunning dramatic Italian coastline, warm climate, wealth of history, vast national parks and beautiful scenery but without the hefty price tag of regions such as Tuscany.
 
Steve Worboys, MD of property investment experts Experience International agrees, “Italy has long since been a popular place for Brits to buy abroad and also has a thriving rental market, as you would expect from a country that has been ranked the fifth major tourism destination in the world. But British celebrities like the Beckhams buying in the country is set to heighten the appeal further still. When looking for a region in which to invest, I would suggest Calabria to be a firm choice. Not only is it a spectacular destination for a holiday, it is also an emerging property market where the government are investing a huge amount of money in the coming years and prices are expected to rise some 15-20%.”
 
To take full advantage of the stunning Calabrian scenery, invest in Le Terrazza di Pizzo, situated on the scenic rugged coast of Vibo Valentia. Close to long, white sandy beaches, these 1 and 2 bedroom apartments boast either spacious gardens or rooftop terraces. Designed to reflect local architecture, prices start from £56,063/ €71,800. For more information contact Experience International on +44 (0)207 321 5858or visit www.experience-international.com.
 

A Property Buyer’s Guide to Kas

by Charlotte Ashton Turkey

 

Kas is a relaxed seaside town overlooking the Greek island of Meis. Formerly a sleepy fishing and sponge diving village, it is now one of the Turkish Riviera’s most charming resorts. On the site of ancient Antiphellus, Kas is dotted with archaeological remains, including a small amphitheatre and monumental tombs. In the shadow of a magnificent ancient Lycian tomb, shopkeepers while away the hot summer days playing backgammon and sipping sweet tea.
 
A popular port-of-call for passing yachts, the narrow cobbled streets leading from the busy harbour are lined with cafes, restaurants and shops selling local crafts, Turkish carpets and gorgeous hand-made jewellery. Although tourism is the mainstay of the town’s economy, most visitors are independent tourists, with a healthy mix of nationalities including plenty of domestic visitors. The resort’s distance from the nearest airport (it is a 2 hour drive from Dalaman airport) and the absence of large resort hotels has kept the package hordes away. While the completion of a 430-berth marina next year with restaurants, cafés and shops, will further promote the area as an up-market get-away.
 
There are many good restaurants doted around the centre of town. For seafood visit the Mercan, overlooking the harbour, or for something different, try Evys, a fantastic French restaurant tucked away on a side street in the centre of town. The steaks are renowned! 
 
Access to the crystal clear sea, kept refreshingly cool by submarine fresh water springs, is from beach clubs along the rocky coastline. Or it is only a short drive to the fantastic beaches at Kaputas and Patara. The area’s abundant marine life and numerous wrecks are a magnet for divers and there are plenty of dive schools in town.
 
Inland, the wild and unspoilt Taurus mountains are ideal for adventure sports like canyoning, mountain biking and trekking, which can be arranged by specialists Bougainville Travel. The Lycian Way, Turkey’s first long distance footpaths, winds its way through spectacular scenery and can be walked in sections from the town. Or you can take to the water in a sea-kayak and paddle over the clear, turquoise waters of Kekova with its ancient sunken city.
 
The Kas Peninsula, a narrow rocky finger, which stretches 7 km into the Mediterranean towards the Greek island of Meis, is one of the most desirable locations on the Turkish coast and home to some of the country’s finest villas. Built from locally crafted stone and hugging the rocky shoreline, many villas have direct access to the sea and all have stunning views of the dramatic coastline. Prices start from over £200,000 for a three-bedroom villa with shared pool, or from £350,000- £1 million for a larger property with a private pool and garden.
 
Villas on the peninsular are popular rental properties in summer and can generate an excellent income. Weekly rates for a 4 bedroom villa with pool are £600-£1,500 depending on the time of year.
 
In the town itself there is a good selection of more affordable options, generally apartments, which benefit from being an easy stroll to the restaurants, cafes and bars around the harbour. Many properties have excellent views across the roof-tops to the sea. Apartments are typically available from £55,000 for one bedroom and from £85,000 for two bedrooms.
 
For more information about property in the Kas area contact the Buying in Turkey Collection, Tel 0845 351 3551, www.buyingin.co.uk.
 
To download a free copy of the Buying in Turkey guide visit www.buyingin.co.uk.
 
 
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Kas Property highlights
 
Villa Sundown, Kas, Turkey
Villa Sundown is a spacious 4 bedroom villa with direct access to the sea via a private path. Situated in stunning landscaped gardens and with an infinity pool the property has a breathtaking double-height living area with vaulted ceiling and incredible views. All bedrooms have ensuite bathrooms and private balconies. Prices £500,000 / €630,000 for more details contact Buying in Turkey collection on 0845 351 3551 or visit www.buyingin.co.uk.
 
Villa Unal, Kas, Turkey
A luxurious 5 bedroom villa with spacious split-level, open-plan living room, dining room and kitchen opening onto terraces overlooking an infinity pool surrounded by sun-decks with stunning views of Greek island of Meis. Three of the bedrooms have ensuite bathrooms and two have private terraces with sea views. There is a self-contained apartment and covered parking for two cars in the mature gardens. Prices for these exclusive villas are £785,000 / €990,900 for more details contact Buying in Turkey collection on 0845 351 3551 or visit www.buyingin.co.uk.
 
Casa Lycia Villas, Kalkan, Turkey
Only a short walk from town where a weekly market is held these villas come with private pool and stunning panoramic views of the area. Each of the 4 bedrooms comes with en-suite bathrooms and are set in well maintained landscaped gardens. Prices start from £269,000 / €339,000 for more information contact Buying in Turkey Collection on 0845 351 3551 or visit www.buyingin.co.uk.
 
 
Turkish property law
 
Foreign nationals have the legal right to buy and own property and land in Turkey. However, there are certain restrictions on where foreign nationals or foreign-owned companies can purchase.
 
These restrictions have no affect on the vast majority of foreign buyers and have been put in place to stop the acquisition of large areas of agricultural land for strategic or other reasons.
 
Below is a summary:
 
What foreigners can buy
 
  • Property and land within an officially zoned planning area. This covers all the country’s towns, cities and the coastal resort areas
What foreigners can’t buy
 
  • Property and land in rural areas that are outside an officially zoned planning area (most rural areas and many villages)
  • Property or land within an officially restricted, military or historical conservation area
  • More than 10% of the land in any given planning area (this is a huge area, equivalent to buying up 10% of a whole town or resort)
 
 
General information about the purchase process
Official permission
All foreign nationals must apply to the Turkish authorities for permission to buy property. The application process is handled by the developer or estate agent. The authorities check that the property is not in an area where foreigners are forbidden to buy – rural areas, land near military bases, or areas of historic, economic or archaeological importance. The checks usually takes 1-3 months depending on the area.
 
Completion
Conducted in the Land Registry office (Tapu Dairesi) in the presence of a land registry official, who will issue a title deed – or Tapu – a copy of which is given to the buyer.
 
Transferring money
Transfers can be made to Turkey by Priority Payment from your bank. You will need the Turkish bank’s address, IBAN, account number and sort code. Transfers cost £15-£40 and take 2-5 working days. If purchasing in Euros remember to contact a foreign exchange dealer to get a better rate of exchange.

Swapping British stresses for Spanish Spas

by Charlotte Ashton Spain

With over half a million Britons each year saying their work-related stress makes them feel ill, it is no wonder an increasing number are exchanging the costs of British life with the Costa del Sol. After Australia, the most popular destination for Britons is the peaceful, sunny Spain with its fresh food, pleasant seas and relaxing spas. With an estimated two million people suffering from what is recognised by doctors as Seasonal Affective Disorder (SAD) or ‘winter blues’, it is no surprise 750,000 people left Britain last year to experience the more tranquil Spanish lifestyle.

One of the best documented ways to counteract stress is the use of modern day spas and their prevalence in Spanish tourist areas and coastal resorts is seen as a major factor responsible for their attractiveness to outsiders. Spas, water treatments and hydrotherapy were once considered the preserve of the rich, but an increasing number of northern Europeans are now enjoying the sorts of relaxing health benefits they bring. Champneys, who are developing a spa apartment and penthouse resort in southern Spain, have made water treatment and hydrotherapy a major feature of their project. Tony Roberts, Sales Director of Champneys Marbella said:
“Spas are a great way of relaxing people and alleviating stress as well as providing proven treatments to those with arthritis and muscle pains. That’s why the focus of the Champneys Marbella site is the main Spa Building and Plaza. Studies of rival treatments for muscle and joint pain have concluded spa and hydrotherapy treatments were most effective, physically as well as emotionally.”
Such treatments soothe muscle pains and increase blood circulation, sending much needed nutrients to specific parts of the body. The muscle relaxation properties of hot water also cure dull muscle pain and helps keep the body free of lactic acid and other metabolic wastes. Hot water also helps the body move toxins into the lymph system and helps supply more oxygen to parts of the body. People with diseases like arthritis or multiple sclerosis, or who suffer from paralysis will appreciate the benefits of a hot spa. The warm water helps ease aches and pains and loosens the joints.
The weather also makes a difference. Studies also show lethargy, anxiety and depression can all be reduced by warmer climates. However this, the emotional well being and the general relaxation associated with the coastal Spanish lifestyle are not the only advantages. Simple things like healthier dietary habits, the cost of living, less pollution and a slower pace of life also have an effect. In addition, mention must be made of the financial benefits and security to be reaped by investing in Spanish property. The high level of immigration and tourism from northern Europe and elsewhere ensures demand for short and long term accommodation remains strong. This is particularly the case in coastal areas where the Spanish Ministry of Tourism predicts more than one million foreigners will move in the next six years.
The Costa del Sol or ‘Costa del Golf’ as it is known by enthusiasts for the number of courses around Marbella has long been a popular destination for British people. As well as the numerous shops, restaurants, bars and clubs there are also many cinemas and casinos. Relaxing parks and beautiful beaches litter the area, as do opportunities to take part in pursuits like water sports, hiking and horse riding. With already 2.8 million legal foreign residents in Spain and falling house and share prices in Britain, investors are already looking towards the Mediterranean. In some areas, Spanish property has appreciated by up to 30 per cent in the last three years. Tony Roberts, Sales Director of Champneys Marbella said:
“Marbella, right in the heart of the Costa del Sol, has something for everyone. Not only can it be vibrant and sporty, it can also be a relaxing, bright and sunny place with a calm atmosphere. In this time of stress and strain, a lot of Britons would appreciate the worth of such a lifestyle and the effects it would have on what is broadly described as ‘wellness’. This, when added to the financial benefits of investment makes migration to the area and its purpose built spa apartment and penthouse resorts easily understood. We wanted our development to epitomise this type of de-stressed lifestyle, hence our investment in luxurious accommodation, elegant surroundings, water therapies, delicious cuisine and the latest fitness trends.”
For more information contact 01442 291200, email sales@champneysmarbella.com or visit www.champneysmarbella.com.
——- ENDS ——
Notes to Editors
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 / £552,492 for 2 bedroom apartments. There are just two 2 bedroom penthouses available at €971,729 / £770,966 and €1,026,705 / £814,622. Also available are 3 bedroom 3 bathroom vast duplex suites with private pool, two parking spaces and two store rooms at €1,700,000 / £1,348,836. For more information contact 01442 291200, email sales@champneysmarbella.com or visit www.champneysmarbella.com.

Captivating Christmas deals in Cape Verde

by Charlotte Ashton Cape Verde

 

With the nights drawing in and temperatures dropping it’s no wonder that many of us dream of spending the British winter in tropical climes, where the sun shines and temperatures rarely fall below the mid 20’s˚C. But in today’s challenging economic climate, is migrating south in search of winter sun still a realistic option?
 
For many destinations, such as the Cape Verde islands located 300 miles off the west coast of Africa, the months of October through to April are the peak tourism season with hundreds of thousands of north and west Europeans flocking to the former Portuguese archipelago of 10 islands. Tourism to the islands has been growing at a rate of over 15% between 2004 and 2007 according to the Millennium Institute and some experts believe that 1 million tourist arrivals a year can be achieved by 2015.
 
Adrian Lillywhite, MD of specialist property agency Cape Verde Property Ltd, comments, “The interest in Cape Verde as a holiday destination is certainly not waning. With charter flights from the UK frequently full and new hotel complexes such as the Riu on Boa Vista due to open next month the demand is clearly there. This in turn is having a positive effect on the island’s property market; a new €2.2 billion resort on Boa Vista has been recently announced for example indicating the confidence that developers still have in the market despite the current global financial situation.”
 
Indeed some developers are going one step further and offering attractive deals to those who are interested in purchasing a second property on the islands this winter. Adrian Lillywhite gives a round up of some of the best bargains available:
 
For those on a tight budget, the three studio apartments remaining on the award winning Vila Verde development in Sal just 300m from the white sandy beaches of Ponta Preta beach are a bargain at only £41,481. The 42m/sq ground floor apartments with a 9 m/sq terrace and communal swimming pool will be completed in December 2008.
 
If spreading your payments is of more interest then consider the frontline Leme Bedje apartments situated in the eastern area of Santa Maria town, Sal. These one or two bedroom apartments offer tremendous rental potential due to their premium location and a pay 50% now and 50% in 5 years interest free option is available on off plan properties (due to complete in mid 2009) priced from £95,800.
 
If you are ready to buy but are concerned about fluctuating exchange rates and the future performance of the pound against the euro then take advantage of the fixed exchange rate offered on the Dunas Beach Resort & Spa properties. The developer is offering a guaranteed euro rate of 1.4 to the pound, significantly more than today’s market rate of 1.25. Located just 12 minutes from Sal’s international airport on Ponta Preta beach, this premium development offers a variety of one, two and three bedroom apartments as well as three and five bedroom villas from £71,710. Free inspection visits to the Dunas Beach Resort & Spa are also available. 
 
The availability of mortgages now in Cape Verde presents another option for potential purchasers. The Creola Sands development on Cabral beach, Boa Vista for example offers 85% mortgages on the beachfront apartments and penthouses as well as guaranteed rental of 5% for 2 years. The apartments with large terraces and direct ocean views will be completed in 2009 and are ideal buy to let investments; priced from £67,670 these properties will also come with a top quality furnishing pack.
 
If space is what you need then consider the largest island in the Republic of Cape Verde, Santiago, home to Praia port which is currently undergoing significant expansion, where the Vila Jardins do Oceano complex is offering a 15% discount on all villas for a limited time with just 15% deposit and no more to pay until completion. This exclusive frontline development comprises just 40 two and three bedroom villas all with superb ocean views as well as individual swimming pools. Vila Jardin do Oceano is located on the south coast of Santiago just a short distance from the historic city and UNESCO World Heritage Site of Cidade Velha. Prices for a 2 bedroom villa start from just £202,725.
 
Adrian Lillywhite concludes, “The Cape Verdean property market is still buoyant with numerous deals available for canny investors. It would be naïve to suggest that the islands will not be affected at all by the global credit crisis but with Cape Verde being recently given another positive evaluation by the International Monetary Fund (IMF) and growth projected at 6% to 7% in 2009 by Cape Verde’s Finance Minister, the future is positive.”
 
For more information on these or any other excellent bargains available on the beautiful Cape Verde islands please contact Cape Verde Property Ltd on 01753 859233 or visit www.capeverdeproperty.co.uk.

You can bank on the banks of the Limpopo River

by Charlotte Ashton Botswana

 

Negative growth may sound like a paradox to some but this technical definition of recession has now become reality as Gordon Brown announced last week. The topic has indeed been consuming our media interest for many months now with things promising not to get any better soon. So with the words ‘credit crunch’ and ‘invest your money’ having no reason to appear in the same sentence, what is the answer amidst the chaos for those who do want to invest their money wisely? Cash remains cash and as banks collapse and governments step in to bail out institutions where can your money be safe? The answer: Botswana.
 
Despite Botswana’s rate of inflation trending upwards in the last year due to the general global increase in energy and food prices, the Botswana Central Bank in a recent statement said: “We remain committed to responding appropriately to all economic and financial developments to keep inflation under control without undermining sustainable economic growth.”  And this is something that Botswana has always done well. In a survey of banking across 134 countries conducted by WEF (World Economic Forum) Botswana has risen to 34th position with the UK trailing behind at 44th further emphasising what a concerning position UK banks are in. A senior economist as the WEF, Jennifer Blanke comments: “Botswana is one of the best run countries in Africa. It has the lowest corruption levels and it is probably one of the countries to go to in terms of investments.” 
 
As one of the most dynamic and successful economies and one of the most progressive and politically stable nations on the African continent Botswana is increasingly showing the world that it has vast investment potential. The WEF saw Botswana make a massive 20 place improvement in its Global Competitiveness Report for 2008-2009 making their position now 56. The report states: “Among the country’s strengths are its reliable and legitimate institutions, ranking a high 21st worldwide for the efficiency of government spending, 22nd for public trust of politicians, and 26th for judicial independence. Botswana is rated as the country with the lowest corruption in Africa (22nd out of 134 countries).”
 
Alan Marneweck, founder and share holder of the Limpopo-Lipadi Game and Wilderness reserve in eastern Botswana says: ”With a lack of credit available and stocks and shares falling by the day the options for those who have cash and want to invest are quite limited yet Botswana ticks so many boxes. Some investors feel that stamps, wine and art are thriving investment opportunities that maintain cash value, I have no doubt that this is true but as a share holder in Limpopo-Lipadi I see the rewards of my investment everyday as we give local communities jobs and training, animals are reintroduced into the wild and ecosystems are studied and invested in – Limpopo-Lipadi is alive; a living, breathing investment.”
 
“A fundamental point to make also is that as soon as a game reserve is established, land values go up. The exclusivity of Limpopo-Lipadi is reflected in the amount of shares available and this is an appealing feature to those who are looking for a unique investment.” Marneweck goes onto say: “Another development in the area has seen returns of 300 percent over 5 years so capital gain on your investment is achievable.”
 
21km of the banks of the Limpopo River host the game and wilderness reserve Limpopo-Lipadi.With various lodges throughout the reserve the properties themselves are just a slice of what the project offers. The reserve is an investment opportunity like no other. It is an opportunity to invest money in something tangible and sustainable. From its wildlife to the game ranger vehicles to the various properties throughout the reserve; it’s unique and internationally acclaimed ecosystem model Big Foot, an asset management system, is which the team at Limpopo-Lipadi hope will set the standard in conservation sustainability in the 21st century and Limpopo-Lipadi, in short provides a safe and rewarding place to invest long term.
 
Graham Wood is a South African who works in the City and currently resides in South West London. Graham owns property in South Africa but was also specifically looking for something that he could invest in and leave as a legacy for any children he may have in the future.
 
He says: “The Limpopo-Lipadi project really caught my eye as I am very passionate about the bush. Before I bought my shares I was really 50/50 on the idea. However after speaking with Alan Marneweck one of the reserves founders and directors it soon became apparent that the team were passionate about what they are doing and the positive impact that it had on Botswana as a whole. Their Corporate Social Responsibility outline and overall plans were very impressive and achievable.”
 
Graham goes onto say: “Each share you buy at Limpopo-Lipadi is the equivalent of 60 hectares of land but this investment is more than just soil, it’s about making a difference. Whether it is the work that the project is doing in local communities or the ongoing preservation of endangered species, this project is a refreshing investment in a time of financial uncertainty.”
 
As a shareholder in the project you own the game and wilderness reserve which is at an exciting point in its development; you will be able to visit the reserve as often as you like, be part of the decision making process at the reserves AGM and the capital will be used for everything from further land purchase to the development of the lodges and the expansion of game on the reserve.In conclusion the Limpopo-Lipadi reserve is an opportunity to be in charge of your own investment, allowing you greater control over your money.
 
So, if you go down to the banks today you could be in for a big surprise. Instead of a queue of people withdrawing their savings you will be greeted by a herd of elephants walking tale to tale. Instead of the sound of your thoughts about how the credit crunch will affect you and your family as you go to sleep, you will hear the roar of a lion as it marks its territory and instead of seeing your money remain fixed you will see it grow not only as a number but in a very physical and rewarding way.
 
There are different levels of investment involvement that you can commit to – from a purely financial point of view, entry level investment is $195,000, but in terms of the difference that you can practically make and the benefits that you can personally witness and enjoy, they are limitless.
 
For more information please contact 0871 244 5152 or visit www.limpopo-lipadi.com.