Investment is the Best Reason to Smile in Thailand

by Charlotte Ashton Thailand

 

Thailand is at the very heart of Southeast Asia, occupying an area of nearly 200,000 square miles. Thailand is a diverse and beautiful country where the terrain ranges from forested mountains in the north, to rice fields of the central plains and the tropical coastline and sandy beaches of the south. Thailand is affectionately known as the land of a thousand smiles, its tropical climate and welcoming people have been a beacon to holidaymakers and travellers alike. In recent years overseas property purchasers have been looking to buy a piece of this tropical paradise, here are ten reasons to smile when considering investing in Thailand:
 
  1. Year Round Tropical Climate
 
Thailand is blessed with a magnificent tropical climate, with high temperatures and humidity; April and May are the hottest months of the year. Thailand is an ideal winter sun destination with November to February probably being the most pleasant time of the year when the cool breezes from the north east offer some welcome relief from the humidity of earlier months. The Thai climate is good news for investors, meaning that they have a year round holiday destination for their own use or a rental property that has potential to deliver a good rental return.  
 
  1. Strong Tourism Industry
 
With visitors from Europe, USA, Australia and Asia, Thailand remains one of the world’s most popular tourist destinations, with over 14 million visitors arriving in 2007 (Thailand Tourism Authority). Such a strong tourist market means that quality accommodation is always in demand, which is great news for investors looking to rent out their property. Owners in the Oxygen Bay, Bangtao, resort in Phuket,will certainly not have any trouble renting out their property if they wish. Only a short distance to the beach front, 15 minutes to Phuket town and 25 minutes to Phuket Airport these properties stand in a fantastic location. Prices start from £178,500 / THB 11,887,771.
 
  1. Money goes a little Baht Further
 
Thai property benefits from being located outside of the euro zone, offering investors a way to stretch their hard earned cash that little bit further. The Thai property market is still relatively undiscovered with property often cheaper than more established European markets. Some property investors have witnessed impressive returns over the past few years particularly in areas in the south such as the island of Phuket. In fact experts estimates that currently capital appreciation is around 10 to 15 per cent per annum. Thailand also has no capital gains tax for private investors and taxes in general remain low adding another incentive to purchasing.
  1. Low Cost of Living
The cost of living in Thailand is relative, you can live on a shoestring budget or go for luxury as you desire. Generally though Thailand offers some amazing bargains and low living costs. Across the country you can find many local markets which are generally the cheapest places to food shop. Bangkok and Phuket offer excellent value for the local facilities, restaurants and amenities. Property is still available for much lower prices than other Asian Cities, such as Hong Kong and Singapore.
  1. Resilient Economy
 
Thailand is the second largest economy in Southeast Asia and has seen estimated growth of 5.1% this year (Fiscal Policy Office Thailand). Blessed with an abundance of natural resources, strong manufacturing sector and excellent export growth Thailand’s economy is looking in a strong position for the future. The Thai Baht has been steadily rising against the US Dollar and the economy has shown little sign of being affected by the global credit crunch. Even Donald Trump is taking advantage of the great real estate opportunities in Thailand by investing in Bangkok. 
 
 
 
 
  1. New Double Taxation Treaty
 
A recently agreed deal betweenHM Revenue & Customs (HMRC) and the Thai authorities has eliminated the need for British investors to incur the double taxation of income and capital gains arising in one country and paid to residents of another.With investment in Thailand getting more popular this should come as great news for those looking to purchase one of the spectacular properties available in this stunning country. 
 
  1. Island Paradise Properties
 
Thailand offers beautiful mountains, dense forests and stunning beaches, a tropical climate and cosmopolitan cities.  Property can be located in the most astonishing of settings, take for example the Kokyang Estate II, situated close to the dazzling Nai Harn beach, one of the most beautiful in Phuket, with its clear waters and nearby jungle-covered mountains, the resort really is out of this world. Apartments are a wonderful mix of local tradition and western modernism. Prices start at £159,110 / ฿10,716,759 for a 2 bedroom, 2 bathroom villa and from £171,876 / ฿11,576,605 for a 3 bedroom, 3 bathroom villa. Phuket really is a tropical island paradise for escaping the day to day existence of home. Whether you are looking for a first class adventure holiday or simply a place to unwind in sheer luxury, this awe inspiring island is the place for you. 
 
 
  1. No longer a world away
 
Thailand was once viewed as an exotic long-haul destination however with developments in aviation the country is now a sophisticated fully fledged tourist destination with direct flights to Bangkok and Phuket running from the UK daily. A 12 hour flight can see you arriving in Bangkok or Phuket, and once you have arrived Thailand is now even easier to explore thanks to its excellent bus and rail networks, which are cheap, easy and reliable. 
 
 
  1. There’s no place like home?
 
English investors looking to live in Thailand may be pleasantly surprised by how well accommodated they are. English is widely spoken and Westerners are welcomed by the friendly local people. Can’t live without those home comforts? Then you’ll be pleased to know that Phuket even has a branch of Tesco for those essentials. Sportsmen and women too will be delighted by the facilities available for football, badminton, tennis as well as the magnificent golf courses and world class dive centres. 
 
 
  1. Ideal retirement destination
 
Thailand is a popular destination for those considering relocating overseas in their retirement. Retirees are attracted by Thailand’s relaxed pace of life, low cost of living, excellent health care system, rich culture and low taxes. Thailand makes an effort to simplify the emigration process for retirees by offering retirement visas for foreigners over 50 years of age.
 
So with all the benefits of recent tax regulations and the relatively low price of property in Thailand, is now the time to invest? Steve Worboys, MD of Experience International seems to think so: “With Thailand still emerging as a property investment destination prices remain low. There are undoubtedly some very attractive real estate opportunities to be found in certain locations within Thailand, like Phuket for example.” 
 
For more information about purchasing property in Thailand please visit www.experience-international.com or call 0800 612 0901. 
 

Caribbean Luxury – Cough up the Cost or choose Closer to Home?

by Charlotte Ashton Venezuela

 

Since the 1990’s tourism has been one of the leading economic drivers for the Caribbean island of Barbados, and where tourists try, they buy… it has become one of the most sought after destinations across the pond for wealthy investors whose demands for off-shore banking far outweigh their concerns for their bank surviving the credit crunch! However, if a quiet night in with the movie ‘Cocktail’ is all you can afford to fulfil your Caribbean dreams then the alternative haven of the Cape Verde Islands could be the vodka in that martini that you’ve been longing for…
 
As the closest tropical destination to mainland Europe, just five and a half hours direct flying time from the UK, the Cape Verde Islands are being discovered by investors and holidaymakers seeking their slice of paradise. The islands are blessed with powder white sands, crystal clear waters and year round temperatures in the high twenties; it’s easy to see why comparisons with the Caribbean are common. Barbados still remains popular with property purchasers but with a price tag to mirror this, many are looking for a more affordable alternative, so how does Cape Verde compare?
 
Beaches
 
Barbados is renowned for its idyllic, sun-blushed shoreline, which boasts some of the most beautiful beaches in the Caribbean; in fact The Crane was voted one of the ten best beaches in the world by Lifestyles of the Rich and Famous.  
 
They may not be as famous, but the Cape Verde Islands can offer amazing white sandy beaches, completely deserted. Jane Dolan, a big Cape Verde fan recently returned form the islands and said “ I walked for 4 hours on a beautiful beach and saw absolutely no-one, it was incredible.” Some islands are swept by trade winds making them perfect for surfing and windsurfing, whilst the sand dune island of Boa Vista boasts 60% of all of Cape Verde’s beaches and new international flights. Matt Brooks a keen kite surfer, purchased a one bedroom apartment on Sal with the aim of spending the winter months indulging in his favourite past time, he says, “my criteria for a second home was to find somewhere affordable with a stable economy which combines my love for water sports, Cape Verde was the perfect choice”.
 
Activities
 
Barbados has been one of the world’s premiere holiday destinations for many years and as such, just about every leisure activity is available here, with water sports at the top of the list. Fans of fishing, kayaking, kite and wind surfing, scuba diving and snorkelling are all well catered for across the island. 
 
Cape Verde is also a water sports paradise and although the industry may not be as developed as in Barbados, centres for water sports, diving and deep sea fishing are opening up across the archipelago. The largest marlin in the world was caught of the Cape Verde coast. Surfing and windsurfing are both popular on the island of Sal, in fact the PWA (Professional Windsurfers Association) International Windsurfing Championship was held on Sal in March this year. San Vicente has a large harbour and marina for the many sailboats visiting the islands. 
 
Access
 
Flights run to Barbados daily and the island is serviced by several major airlines. However the 8 1/2 hour flight time is significantly more than that of a flight to the Cape Verde Islands. With recent airport and inter-island air connections such as the new service from Halcyon Air, accessibility to and within Cape Verde has been significantly improved. This increase in air and ferry services is good news for holidaymakers and investors alike, meaning increased tourism and more spending for the islands. There will be 4 international airports in Cape Verde by next year.
 
Investment potential
 
Barbados has long been a sound opportunity for property buyers which has helped drive up the asking prices. Although this is good for property owners, this means buyers who are looking to get a foothold on the island’s property ladder are finding it increasingly difficult. In spite of this, the Dollar’s current weak value against the Pound does mean that there is the opportunity for value for money.
 
Property prices in the Cape Verde Islands are still benefiting from the island’s relatively unknown status with investors, so with prices remaining low, investors now have a fantastic opportunity to get in on the ground level of what is set to become a holiday hotspot.
 
Adrian Lillywhite of Cape Verde Property Ltd comments, “As the UK moves into colder months, seasonally and economically, people are looking for that winter sun getaway and a safer investment for their savings. The Caribbean is the ultimate second home destination without doubt, but for those with smaller budgets, Cape Verde offers a fantastic and viable alternative, I speak from experience when I say it is a fabulous place to escape to!”
 
Property
 
So how much bang can investors get for their buck? Caribbean properties, especially those located in sturdy markets such as Barbados seem unaffected by the credit crunch. Luxury properties such as the Mount Standfast Villas, available through Windsor Worldwide International Property, located on the exclusive west coast of Barbados comprise 3 double bedrooms, each with 3 bathrooms, private pool and parking and start from $999,950 / £508,300.
 
Comparatively in more emerging markets such as the Cape Verde islands potential property purchasers can secure similar sized properties at a more affordable rate. The Dunas Beach Resort and Spa for example, located on the most established tourism island of Sal,offers 3 bedroom / 3 bathroom villas on Ponta Preta Beach from just €329,950 with a fixed euro rate of 1.4 to the pound, so just £235,678 fixed and is available through Cape Verde Property Ltd.
 
 
———————— ENDS ————————
 
Contacts for further information:
 
Windsor Worldwide International Property
07973 288130
 
Cape Verde Property Ltd
01753 859233
 

Why Buying a Home in Florida Isn’t a Mickey Mouse Choice

by Charlotte Ashton United Kingdom

 

The property market in Florida was one of the first to be hit by America’s current economic issues. As one of the most popular yet over-developed markets where there’s a high percentage of second homes and buy to let investment properties, the Floridian market was hit hard by falling real estate prices, lack of mortgage product and decreasing affordability. Inevitably these issues resulted in high numbers of foreclosures, in builders ceasing construction and buyers being conspicuous by their absence. But as with any market where there are fundamental and undeniable reasons behind a historically strong level of demand, the Floridian market is now one of the first in the US to begin rebounding.
Supporting the intrinsic ‘value’ of property in Florida is the Sunshine State’s tourism market – and despite America’s economic woes and the knock on effect that these have had in the UK and Europe, there was no decline in terms of international demand for holidays in Florida in 2007. There was a healthy 2% increase in the numbers of visitors arriving last year, and the 48.7 million people who did visit increased spending by 4.7%, adding $31.1 billion to Florida’s coffers. Home to 3 of the top 10 beaches in America, Walt Disney World, Kennedy Space Centre, Universal Studios and an exceptionally temperate climate almost all year round, Florida is one of the leading tourism destinations in the world, and it’s this fact that underpins the viability of the state’s real estate market.
Against an ongoing backdrop of economic tension in America, Florida’s property market is gaining ground and rebounding; and two of the areas of the state that are growing stronger faster are Sarasota, home to Siesta Beach, the third most popular beach in the whole of America, and Orlando, home to the massive National Association of Realtors’ (NAR) Conference & Expo 2008 and the best theme parks in Florida! 
John Mike, NAR President’s Liaison to the UK comments: “The real estate market throughout Florida declined dramatically from mid 2005 to Spring 2008, with positive signs of stabilization occurring in recent months.  The impact of overvalued properties combined with increasingly fragile credit markets and stricter mortgage standards were primary influences on this decline.  Prices have softened throughout Florida during this period, especially in 2008 with the acceptance by sellers of the reality of the ‘new’ market and of the need for realistic market pricing. Stabilization is occurring in what may be regarded as the ‘prime’ markets in Florida such Sarasota.  Such areas have seen significant increases in volume over the last year as buyers have taken advantage of the price reductions.”
British buyers have certainly been taking advantage of softening prices, a strong pound, vendors’ willingness to exit the market and the simplicity and security of the buying process in Florida, and they’ve been making excellent headway. Even now that the dollar has gained strength against a weaker pound, the fact that there exists in Florida both insatiable demand for holiday accommodation and developer and vendor willingness for negotiation means that savvy investors are investing in high grade property stock today, such as properties on developments with golf courses designed by celebrity golfers, knowing that it will almost certainly reap them incredibly strong gains and dividends over the long-term. 
According to James Wyatt, MD of Barton Wyatt International: “There is such a wealth of affordable and seriously attractive real estate on the market in Florida at the moment that investors and buyers really are in the driving seat and can push for very attractive terms and conditions at the point of sale. And because the dollar is showing indications of rebounding against the pound, now’s the time for investors to move in. All of the sagacious investors and buyers whom we counsel and assist know that the purchases they make today are enduring investments that will have the very best chance of the very highest returns over at least the mid to long-term.”
In terms of what’s available, at the very high end are 33 exclusive homes for sale at Nicklaus Manor in Sarasota, an award winning golf development designed by Jack Nicklaus and Tony Jacklin. Individual home plots start from $400,036/£215,000 and completed properties from $1,711,782/£920,000. Or what about the villas at the Reunion Resort & Club in Orlando that start from $339,031/£180,000 and are located on "a new breed of family resort”?  This luxury resort boasts an unprecedented complete lifestyle, with engaging activities and luxury for the entire family. The epic vision begins with three signature golf courses from renowned designers Arnold Palmer, Tom Watson and Jack Nicklaus. For more information, please contact Barton Wyatt International on 01344 843000 or visit www.bw-international.com.

Top reasons to invest in a spa resort

by Charlotte Ashton Spain

 

The award winning and highly sought after Champneys Spa Resort group is taking its mix of pampering treatments and luxury services to a new level with the opening of its premier Marbella resort. Spain has been selected as the inaugural overseas location due to its inimitable popularity and accessibility with the British market and with over 300 days of sunshine a year, it brings a new meaning to a hot spa experience! Just a ten minute drive from the millionaire’s playground of Puerto Banus and yet seemingly a world a way from the high paced action of Marbella the resort is a healing oasis of calm for its residents and guests.
The concept is attracting a lot of interest from buyers and the media so just what are the reasons to invest in a spa development?
 
Retreat and revive
Set amongst stunning parkland and beautifully landscaped gardens interwoven with waterways fed by natural running mountain springs, Champneys Marbella is a haven where residents’ peace, health and well being are of paramount importance. With stress related illnesses now affecting around 530,000 individuals in Britain, (according to the Health and Safety Executive) what could be a better place soak away your troubles and soothe your soul? 
 
Eat your way into health
To make the most of a spa development and the lifestyle that it offers owners, healthy living, diet and exercise are of key importance. The Mediterranean way and pace of life has long been known to be beneficial to your health. The mix of reliable sunshine and meals consisting of fresh fish, fresh vegetables and olive oils, make Spain one of the healthiest nations on the planet, and a perfect setting for a new spa resort which will hold maximum appeal for visitors
 
More for your money
Situated in a prime location close to Malaga International Airport, golf courses galore and shopping boutiques for every budget, the resort is sure to be a popular destination for those looking to escape the pressures of the rat race. According to moneysupermarket.com the cost of living in the UK is up by an effective 9.5%, and with (Kyero.com) predicting that the cost of living in Spain is approximately one third less than that of the UK, it’s easy to see why more people are looking to Spain as an alternative. 
 
Not just a girl thing
It’s not just the ladies looking for a spot of spa therapy… According to the International Spa Association, men now make up 29 percent of all spa goers and they aren’t just checking in for sports injuries. Men are waking up to the feel good factors of self indulgent pampering, booking themselves in for seaweed body wraps and cocoa body rubdowns.
 
A feel good property investment
A spa resort is the target for the discerning real estate investor. Gone are the days when a swimming pool or access to a golf course is enough of a draw for property buyers. Investors are looking for added value, opportunity for property rentals and an overall quality purchase. Champneys Marbella not only has the weight of the Champneys brand behind it, the resort has been designed with quality and luxury as a priority. The award winning architects behind the Moorish buildings boast a track record of majestic status having worked on the restoration of Granada’s Al Hambra palace. Each property will be finished with plush interiors and come fully furnished down to the plasma TV screen. Each apartment and penthouse contains a stunning interior courtyard where the sound of running water from ornamental fountains enhances the relaxing atmosphere of these beautifully appointed properties.
 
Relax with your rentals
An undeniable added incentive for potential investors is the rental pool scheme that Champneys Marbella is offering. The Champneys Rental Pool allows you to rent your property to people purchasing spa package holidays with Champneys, in much the same way as visitors use the four UK spa resorts. You are not tied in however; owners have complete freedom over when they want to use their property and when they want to benefit from the rental income. With predicted occupancy levels of 65%, owners should benefit from a healthy return on their investment. *
 
The resort has already been the subject of keen interest. Tony Roberts Sales Director of Champneys Marbella comments, "Our clients trust in our brand and reputation, they know that Champneys is dedicated to providing superior quality in terms of the accommodation and the services available to residents and guests.“
 
For more information contact Champneys Marbella on 01442 291200 or visit www.champneysmarbella.com.
 
 
——- ENDS ——-
 
Notes to Editor:
 
Property details:
 
Two bedroom apartments are available, which are equipped with state of the art gas fireplaces, marble bathrooms, hot and cold air conditioning and fully fitted kitchens. The apartments are complimented by interior gardens in a stunning courtyard which are finished with peaceful Moorish fountains. Prices start at €696,358/ £550,895. 
 
All owners and guests can expect to receive the first class service associated with the Champneys brand this includes twenty-four hour security, a concierge service assisting with reservations, appointment arranging, buildings insurance, general repairs, garden maintenance, and cleaning apartment communal areas, with further optional services also available. 
 

Shoring Up An Offshore Bricks and Mortar Investment

by Charlotte Ashton Venezuela

With Reuters reporting that the Bank of England is suffering increased pressure to cut interest rates later this year, many British based investors are looking for a safer, more secure haven for their hard won investment capital. With the bottom having fallen out of the UK housing market for the time being, the British currency taking a hammering and overall economic concerns dragging the FTSE down as well, increased numbers of sagacious investors are looking overseas, and indeed offshore, for the best investment options.

Even British resident and domiciled investors who reside onshore in the UK – and who are therefore subject to British taxation on global income and gains – are finding that there are offshore investment options open to them that could prove potentially highly profitable. The Caribbean island of Isla Margarita, which physically lies off shore from Venezuela, is a specific location where investors are now discovering that there are offshore investment opportunities in a potentially highly lucrative property investment project.
The project in question is called the Caracola Beach & Spa Resort, and it’s being developed specifically with international investor interest in mind. Located on Venezuela’s offshore island of maximum tourism potential, the development is prime location, front line, high grade and epitomises everything one looks for in terms of a potentially highly lucrative property investment asset. And in addition to the obvious appeal of Caracola from a rental return and base underlying price appreciation angle, the sale of units within the development to overseas investors has been structured in a taxation and financially advantageous package.
As an investor at Caracola one is buying an offshore property investment asset; the company behind the creation of the resort and the concept of its investment potential has created a watertight structure for the tax efficient and secure sale, profit realisation and resale of apartment units at Caracola. Investors purchase their property assets through an individually owned offshore company in the form of a Wyoming Limited Liability Company (LLC). The benefits and advantages to the investor of purchasing in this way are manifold and yet simple. 
Mark Andrew, the Managing Director of Emerging Earth, the company behind the marketing of this exceptional opportunity explains: “the use of a Wyoming LLC allows the purchasing investor to legitimately avoid local income, land registry and capital gains taxes.  What’s more, it ultimately makes the sale of property assets easier as the investor sells the shares of their company rather than the physical property that the company owns, thus legitimately avoiding local exchange controls which can otherwise hinder the remittance of investment profits abroad to the investor’s country of choice. By using an offshore company to purchase your offshore property assets on Isla Margarita therefore, you can transfer income and profits to any destination you choose, and because a Wyoming LLC is truly an offshore company, it is not liable for any taxes anywhere in the world.  The final benefit is that Wyoming LLCs provide complete anonymity to company owners and beneficiaries as they do not have to publish details of ownership, membership or even trading activity.”1
From the outset the creation of the Caracola Beach & Spa Resort has been driven by its ultimate investment potential. Therefore not only have the developers placed every effort into the creation of a stunning resort style paradise on the sun caressed shores of the beautiful Caribbean island of Isla Margarita, they have ensured that the sale, rental and resale of all units within the resort are fully optimised to be 100% tax efficient and to provide investors with the very best and most acute profit potential. 
The resort itself comprises of 1 and 2 bedroom, fully furnished, spacious and air conditioned apartments which are for sale from €79,000/ £63,000 and which come with a guaranteed net rental return of 7% per annum for 10 years.  The resort is located in a front line position to ensure that apartments have the best Caribbean views and access to the beach, and onsite the amenities are five star, comprising as they do of restaurants, bars, swimming pools, chill-out areas, a spa, gymnasium, beauty salon, high end retail outlets and beautifully landscaped gardens. So not only is this prime investment of maximum profitability potential given its low starting prices, prime location and five star status, but it comes with rental guarantees for 10 years, it is SIPP qualifying and it allegedly offers tax efficient, secure freehold ownership options to investors. For more information, please contact Emerging Earth on 0845 604 1208, email team@EmergingEarth.com or visit www.EmergingEarth.com

1 This information relating to the perceived benefits of a Wyoming LLC and purchasing property through such an entity is directly taken from the information supplied by Emerging Earth, however British resident and domiciled investors who have a reporting liability to HMRC are advised to contact HMRC or the FSA for advice.

New Cape Verde trade body to aid property industry and inform overseas buyers

by Charlotte Ashton Cape Verde

It has been announced that a new trade body has been launched in Cape Verde to help the property industry vocalise their opinions with the government and improve the general real estate sector in the country.

The trade body Promitur already consists of 30 members from the developer, agency, financial and legal industries and it aims to grow this further to eventually encompass the majority of the market. The body has various important aims that should prove a positive influence on the sector, such as helping implement infrastructure developments, changes in the law that are aimed at improving the investor market, and acting as a central point for both the overseas industry and those looking to buy property in the country with any queries or problems that they might have.
The founding of an organising body for the Cape Verdean islands is an attempt to authorise and centralise dealings between the property industry and the government and in turn portray the emerging market of Cape Verde as structured and principled. Adrian Lillywhite, Managing Director of property specialists Cape Verde Property agrees:
“The founding of Promitur is excellent news for Cape Verde as it will not only aid those professionals in the property industry with government regulations, it will also act as a point of contact for those clients who are interested in buying property in Cape Verde with any uncertainties they may have and improve the market overall with encouraging infrastructure improvements. All in all, the new industry body should help promote Cape Verde as an excellent destination for property investment and one that is closely regulated and therefore secure.”
For more information on buying property in Cape Verde, please contact Cape Verde Property Ltd on 01753 859233 or visit www.capeverdeproperty.co.uk.

Budget Airline Cutbacks Spell Good News for Traditional Property Markets

by Charlotte Ashton United Kingdom

 

Recent events in the travel industry have seen multiple budget airlines and travel companies cease trading.  2008 has seen the end of XL, Zoom, and Oasis to name a few and passengers have been left stranded at many destinations. 
 
With concerns over the future of Italian flag carrier Alitalia and Willie Walsh, British Airways CEO, predicting that up to thirty more airlines could soon follow suit, it seems that the future looks uncertain for the remaining small airlines and their flight routes. And for potential overseas property owners considerations of accessibility seem to now be more important than ever. 
 
For traditional second home markets with well established scheduled and charter flight routes, countries like Spain, Portugal, France and Cyprus are unlikely to suffer in the same way as newer, up and coming destinations. Also, rising fuel costs are likely to impact less on short-haul destinations and places accessible by ferry, rail and by car than locations dependent on newly introduced air routes. 
 
One well established second property destination, the Spanish region of Murcia, just two hours flight time from the UK, is showing little sign of trouble. The local San Javier Airport serviced by several carriers, (easyJet, BA and Monarch,) continues to report healthy passenger numbers with some 1,645,886 passengers flying into San Javier in 2006 (Civil Aviation Authority) and with a second airport due to open in Covera during 2009, it seems doubtful that travellers to Murcia and surrounding property hotspots like Cartagena and Lorca, will find themselves without adequate transport links.
 
In fact, estimates suggest that Covera Airport will be used by one and a half million passengers during its first year in operation, although this conservative figure is expected to triple in the short to mid-term (typicallyspanish.com). The region is also becoming increasingly accessible thanks to developing rail routes linking to Lorca, Murcia and Cartagena. 
 
Local property expert Mike Hamilton, Sales Director of Casas de Lorca, predicts that this spells good news for the region and property owners alike: “The ease of accessibility to Murcia is a real positive for the region’s property market. Murcia remains a perennial favourite with investors and the excellent value for money of property is liable to keep the interest of holiday home buyers also.“
 
Murcia certainly is excellent value for money with the average house prices for the province currently sitting around €210,300, below the national average of €240,000 (Kyero.com) and you really can get more for your money. Take the luxury Casa Málaga  bespoke villas offered by Casas de Lorca for example; set on five acre plots in and around the traditional town of Lorca, these 3 bedroom, 2 bathroom villas are being sold off plan and are available from a starting price of €256,000 (£203,300). For more information on these and other properties within Murcia and Lorca, please visit: www.casasdelorca.net or alternatively call 0844 734 8057 to speak to a Casas de Lorca representative. 

What do the dog, property, jail and three of Canada’s most popular cities have in common?

by Charlotte Ashton Canada

 

For the avid player of one of the most famous games in the world, Monopoly, the answer may have been obvious. Monopoly Here & Now, the world version of the game was announced on August 20th 2008 featuring 3 of Canada’s most cosmopolitan cities making it the most popular country on the board.
 
Monopoly’s popularity has seen various versions being created, from a special World War 2 version that was delivered to prisoners of war by the Red Cross, to UK regional versions still being made by Hasbro the corporate parent company to the Parker Brothers who still own the registered trademark for the game. The game even holds the title of “the most played (commercial) board game in the world” by the Guinness Book of records having been played by over 750 million people.
 
Montreal, Vancouver and Toronto all appear on the new board along with 19 other cities including Jerusalem, London and Hong Kong. So how did 3 of Canada’s cities end up being featured in this epic game?
 
Sometimes considered a poorer relation to the United States or overlooked as a leading economy of the world in favour of the UK and the US for example, Canada is actually the one nation that is quietly thriving in these times of financial insecurity.
 
Canada is first among G8 countries when it comes to the quality of life it offers its citizens, it is first when it comes to having the lowest cost of living, and first in terms of enjoying the lowest unemployment rate – and what’s more, Canada’s property market is not only prospering, it’s offering increasing numbers of overseas buyers an affordable way to own a stunning and accessible second, retirement or permanent home abroad.
 
Canada is also one of the most culturally diverse nations on the planet, with a welcoming policy for people looking to relocate. Canada received a record number of immigrants in 2007, some 429,649 permanent residents, temporary foreign workers, and foreign students – more than 60,000 higher than four years ago according to a report by Citizenship and Immigration Canada. In 2006, 6,542 British citizens emigrated permanently, making Canada one the UK’s top ten emigration destinations.
 
So rolling the dice and hoping you land on the ideal location for your overseas property does not have to be left to chance anymore. You could go as far as to say it is even easier than Monopoly to win in property when purchasing in Canada. Take for example the Eagles Ridge Golf and Country Club, is a luxury resort nestled in just under 2000 acres of pristine woodland, and is surrounding 5 freshwater lakes. This beautiful resort is only 15 minutes drive from Mont Tremblant, eastern Canada’s premiere ski resort and only 90 minutes away from the cosmopolitan city of Montreal. 
 
Eagles Ridge Golf and Country club will have a Graham Cooke designed 18 hole golf course at the heart of its development, you can choose if you would like your property to feature lake views or if you would like views of the stunning course. An onsite shop and boutique area are found alongside the clubhouse and restaurant that offer fantastic facilities that make the community of Eagles Ridge Golf and Country Club a unique, relaxing and majestic experience. 
 
These exclusive 3, 4, 5 and 6 bedroom lodges all with unique styles and features start from £250,000 / $500,000 for more information contact Undiscovered Properties on 0870 7347968, email contact@undiscoveredproperties.com or visit www.undiscoveredproperties.com. 
 

No Turmoil in Turkey

by Charlotte Ashton Turkey

 

With British house price falls accelerating according to data from the Land Registry and three major UK lenders raising mortgage rates this week amid further volatility in the banking sector, property buyers are increasingly looking overseas for productive investments. New research from Cater Allen Private Bank, part of Banco Santander, found that over three million Britains are likely to buy a property overseas within the next two years as economic conditions in the UK deteriorate.
 
“The weakening pound has made the Euro-zone comparatively expensive for British investors; while falling prices, over-development and poor economic growth prospects in key European countries are encouraging investors to look further afield to emerging markets such as Turkey,” explains Dominic Whiting, editor of the Buying in Turkey Guide.
 
In contrast to the gloomy outlook in the US and much of Europe, the Turkish real estate sector is expanding due to a rapidly growing population and sustained economic growth, with Deutsche Bank predicting 5-6% real growth per annum over the next 10-15 years. A recent survey of leading investors by Pricewaterhouse Cooper and the Urban Land Institute gave the Turkish metropolis of Istanbul, along with Moscow, the highest “buy” rating of any European city, with Turkey seen as “a market offering phenomenal prospects”. 
 
This potential encouraged $2.9 billion of foreign investment last year with this figure expected to increase significantly in 2008, despite the current global financial difficulties. Indeed analysts at the US investment bank Merrill Lynch, recently taken over by Bank of America, have concluded that the Turkish market offers a ‘safe haven’ during the global financial turmoil, with the company planning a second country-specific property fund to join a $1 billion real estate fund launched 18 months ago.
 
Due to tight regulations in the country’s recently reformed financial system, Turkish banks’ direct exposure to the on-going sub-prime mortgage debacle is minimal. Despite the introduction of mortgages in 2007, the majority of Turkish buyers still rely on savings for property purchases due to high domestic interest rates.
 
The country’s flag-carrier Turkish Airlines is also bucking the global trend having enjoyed 20 percent annual growth over the past five years despite the worsening outlook of the sector. The company aims to keep up the pace in 2008 with passenger numbers for January-August up 15% on the same period last year. Meanwhile, low-cost operator easyJet was one of several airlines to announce new routes from the UK in 2008, improving air access to Turkey and helping promote tourism and the property market in the coastal tourist resorts, where the majority of the 23,000 British property buyers are concentrated.
 
The country’s tourist industry is currently one of the fastest growing in the world with officials expecting 24 million visitors in 2008, up 14% on the previous year, while figures from the Turkish Tourist Office and the Association of British Travel Agents show that Turkey was the most popular destination for British holidaymakers this summer, overtaking traditional favourite Spain.
 
On-going investment in the tourism infrastructure along the Mediterranean coast, with new hotels, marinas, golf courses and airports, is promoting the country as a destination for investors. Prices are still increasing by 10-20% a year in areas such as Dalaman, where a new €100 million Hilton Golf Resort is due to open next year.
 
“As market conditions deteriorate in the UK, Turkish developers are offering some very attractive deals to tempt British investors,” explains Dominic Whiting, editor of the Buying in Turkey guide, “There are some excellent opportunities out there for investors looking for capital growth and income in the form of generous guaranteed rental agreements.”
 
Lavender Hills, located close to two new golf courses and an international airport in the investment hotspot of Tuzla on the Bodrum peninsular, is one such opportunity, with the developer offering a market leading guaranteed rental income of 9% per annum for three years on one and two bedroom apartments, with prices from £62,000-£97,000.
 
With the credit market tightening in the UK, some developers are subsidising lending rates in Turkey, providing some very favourable mortgage options for British buyers. For example, investors buying on several developments in the popular Mediterranean resort of Side, which is close to a new golf course and offers excellent rental potential, can choose from a series of promotional mortgages from Turkish lender Denizbank, with sterling loans available interest-free for two years or 4.8% fixed for 5 years.
 
For more information about special investment offer or Turkish property in general contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 
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Editor’s Notes
 
Lavender Hills, Tuzla, Bodrum
A selection of luxury one- and two-bedroom apartments and two-bedroom duplexes with excellent communal facilities close to 2 new golf courses and Bodrum airport. Prices are from £62,900-£97,000 with a 9% annual guaranteed rental return and no service charges for 3 year. During this period the apartments will be rented out by a holiday lettings specialist though owners will have 4 weeks personal usage a year. For more details contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 
Aqua Villas, Side
Luxurious three-bedroom villas within walking distance of the beach in the popular Mediterranean resort of Side. The complex boasts a large outdoor swimming pool with children´s area, surrounded by sun terraces and landscaped gardens. There will be a cafe for socialising or surfing the internet, a tennis court, a fitness centre and a sauna for relaxing after a good workout. Prices are £115,900-£129,000, which is 32% below a recent bank valuation, with special promotional mortgages available for 2 years at 0% interest, 5 years at 4.8% and 9 years at 5.99%. For more details contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 
Summer Apartments, Side
Summer Apartments is an exclusive off-plan residential development with great views, cutting-edge modern design and excellent facilities. This innovative development has a choice of 2 and 3 bedroom apartments priced from £59,800-£89,800, with special promotional mortgages available for 2 years at 0% interest, 5 years at 4.8% and 9 years at 5.99%. For more details contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 

Botswana Independence Day marks another year of economic growth for the thriving African nation

by Charlotte Ashton Botswana

 

Today on September 30th 2008 Botswana celebrates 42 years of independence from Britain; in the current uncertain economic climate we talk to Alan Marneweck to discover where this southern African nation now sits and what the future holds for the Batswana as well as foreign investors. Alan Marneweck, Director and Founder of the Limpopo-Lipadi Game and Wilderness Reserve, has observed with great interest the history and development of Botswana. Although native to South Africa he has been awarded permanent residence of Botswana due to his continued work within the country.
 
It is over 130 years since the British Government put Bechuanaland (today’s Botswana) under its protection on the 31st March 1885. In 1920 two advisory councils representing Africans and Europeans were established followed by the proclamations in 1934 regulating tribal rule and powers. In fact to date tribal leaders still hold legal authority and take part in governmental meetings and decisions. It was not until 1964 that Britain accepted proposals for democratic self-government in Botswana and in 1965 the constitution led to the first general elections and subsequently independence, authentic systems of democracy truly representing the will of the people, hence the political stability. Currently in office is His Excellency, Lieutenant-General Seretse Khama Ian KHAMA, the son of the first president of Botswana, he is a president for the next term. He has even appeared on the popular British TV show Top Gear when the presenters undertook driving a car when they filmed in the Makgadikgadi Pan in northern Botswana.
 
As one of the most politically and economically stable countries in Africa, Botswana ranks 36th in the world according to the 2008 Index of Economic Freedom, a report that is compiled by the Heritage Foundation and Wall Street Journal. Botswana also enjoys the highest sovereign credit rating on the continent of Africa. “It is a middle income nation with a strong compound annual growth rate in the region of 4.7% year on year, since independance” says Alan Marneweck. “Botswana has been one of the fastest growing economical countries in the world over the last 22 years, and as the least corrupt country in Africa it is receiving increased interest from the foreign investor community.”
 
The credit ratings agency Moody Investor Services has shown that Botswana’s current debt and liquidity has put the country on par with countries like Japan. The report also shows that the government’s prudent management of diamond export earnings has also added to its improved infrastructure and raised standards of living for its people.
 
From an investment point of view the nation has also improved its global ranking in the Doing Business 2009 report published by the World Bank and IFC. The recent report shows Botswana’s ranking rising 14 places from 52nd in the world to make it the 38th country most easy to do business with.
 
Not satisfied with just relying purely on the massive wealth that the country enjoys from being the world’s largest producer of diamonds (by value) – the income that accounts for more than one third of its GDP and circa 80% of export earnings – the government of Botswana has entered into a programme of fiscal diversification that is offering ongoing and significant opportunities for the development of multiple sectors of the economy – from tourism to real estate.
 
In fact the travel and tourism demand in Botswana is forecast to average 5% growth per annum over the next 10 years which will comfortably exceed expected worldwide growth of 4.4%. The demand is already being reflected in the nation’s employment figures. In 2006 the Botswana Tourism Board reported that travel and tourism accounted for one in every 10 jobs and in 2008 they expect the figure to grow to 1 in every 9, with this figure set to rise to 1 in every 7.5 jobs by 2018.
 
The development of other sub-sectors of travel and tourism in Botswana will see an expansion in nature-based and sustainable tourism. The World Travel and Tourism Council (WTTC) highlights the ongoing land allocation for tourism and conservation and environmental efforts saying: “84% of Botswana is a land locked country covering vast bio diversity ranging from the Kalahari to Okavango Delta, 17% by national parks and game reserves and an additional 22% designated as wildlife management areas. Even if tourism is diversified through the promotion of new products, the majority of visitors will still be primarily attracted to Botswana by its unspoiled environment and abundant wildlife. It is therefore vital that these irreplaceable assets continue to be protected if travel and tourism is to be sustained.”
 
Limpopo-Lipadi, in eastern Botswana is a good example of the diversification of tourism and investment. Celebrating its 5th year in October 2008, Limpopo-Lipadi is proud to be part of such a growing nation whose aims for sustainable development are of the utmost importance.
 
“The Limpopo-Lipadi project perfectly represents the type of intelligent, improving and enabling eco-responsible tourism investment project that the government of Botswana is encouraging” says Alan. “At its core the project offers those with a keen interest in the nation, its wildlife and in augmenting the lives of the local people a chance to make a real difference. Independence Day in Botswana means more than just separation from Britain; it’s about celebrating the progress that Botswana has made over the last 42 years.”
 
Alan goes onto say: “The future continues to look bright for Botswana as 10 years since the launch of Vision 2016, a strategy to propel its socio-economic and political development into a competitive, winning and prosperous nation, it has seen the nation make an imprint on world market reports that is set for longevity.”
 
The Limpopo-Lipadi reserve covers some 32,450 ha with the view to enlarging to 50,000+ ha. It has 6 lodge sites planned for full completion by December 2009 and has 21km of Limpopo river frontage. Investors have the opportunity to be involved with the entire project, from the study of eco systems to training to become a game ranger and the time the team have dedicated to making sure this project is rooted in the ethics of the country is reflected in their long term business plan.
 
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 visit www.limpopo-lipadi.com or call 0871 244 5152.