Normandy surges back into fashion, as FrenchEntrée highlights first 2019 property hotspot

Normandy surges back into fashion, as FrenchEntrée highlights first 2019 property hotspot

France
  • Lonely Planet highlights Normandy as top 2019 region
  • Birthplace of Christian Dior known for its beauty and elegance
  • Normandy properties delighting buyers of all budgets

The next few weeks provide the perfect opportunity to glean insights into 2019’s first property hotspots and specialist French property agents FrenchEntrée have already begun, highlighting Normandy’s excellent credentials. Birthplace of the iconic Christian Dior, Normandy is home to an incredible array of chic, elegant homes that will impress even the most fashion-conscious of buyers.

“2019 is going to the year of Dior in a number of ways. The V&A is to host the largest ever House of Dior exhibition staged in the UK. Over in France, many second home buyers have their sights set on Christian Dior’s birthplace of Normandy as their top location.”

Alistair Lockhart, Property Director, FrenchEntrée

Normandy has just earned a spot on Lonely Planet’s Top Regions list, as part of the Best in Travel 2019 highlights. Its delightful beaches, superb cuisine (in particular its seafood, cheese and cider) and rich heritage all contributed to its inclusion as one of the globes most spotlight-ready regions.

Homes in Normandy provide plenty of choice for those looking for a permanent base in the area. From classic French chateaux with elegant chandeliers, marble floors and intricate woodwork, to stylish, contemporary homes that blend traditional features with modern twists, the region’s properties are exceptionally varied.

“Normandy is one of those areas where the more you find out about it, the more it charms you. From the wild coastline to the lively cities, it has broad appeal. It’s a wonderful region to introduce to people for the first time, particularly from a property perspective, as you can feel their excitement build as they discover more of Normandy’s delights.”

Alistair Lockhart, Property Director, FrenchEntrée

Packed with beauty, elegance and style, Normandy’s children have found much to inspire them in their native region. Musicians, composers, poets, novelists, actors, filmmakers, sculptors, painters and many more creative types have proudly called Normandy their home over the years. This beauty flows through to its property market, which is tipped to delight second home buyers with a wide range of budgets as one of France’s most elegant and exciting property hotspots of 2019.

 

Fashionable Normandy properties for sale

The beautiful, listed, 17th century chateau is set in wooded countryside and offers picturesque elegance for the discerning buyer. The property comes with an outdoor pool, tennis court, indoor pool with bar, sauna, hunting lodge, two caretakers’ homes and 74 hectares of parkland. Internally, the property features large and small living rooms, a billiards room, dining room, 11 bedrooms, two upper level living rooms and seven bathrooms (in addition to various ante rooms, dressing rooms, en-suites and service rooms). Price on application.

For those with a spare €1.95 million, this superb, authentic 18th century chateau will tick all the right boxes. A listed Historical Monument, it has suffered hardly any modifications since its construction, offering a traditional taste of luxury living in Normandy. Marble flooring, intricate wooden paneling, moulded ceilings and refined fire places abound.

Meanwhile, this spacious former farmhouse, which is on the market for €780,000, will suit buyers seeking a more modern style of home. The two restored houses have been carefully balanced with the surrounding countryside, to minimize their environmental impact. Both arranged over three floors, the homes offer flexible living accommodation that could easily be used as the basis of a bed and breakfast/gîte business.

 

For further information, contact FrenchEntrée on +44 (0)1225 463752 or propertysales@frenchentree.com. You can also visit https://www.frenchentree.com/property-for-sale/.

 

New Brexit Guide from Surrenden Invest helps property investors see past the politics

New Brexit Guide from Surrenden Invest helps property investors see past the politics

United Kingdom ,

 

  • Resignations and leadership struggles getting in the way of key Brexit facts and figures
  • New Brexit Guide to help investors see through the political fog
  • Regional focus examines potential of cities such as Birmingham and Manchester

It’s been a turbulent few days, even by the usual standards of the Brexit process. Brexit Secretary Dominic Raab has resigned, apparently unable to give his commitment to the agreement that he was largely responsible for negotiating. Work and Pensions Secretary Esther McVey has also quit, reportedly following a cabinet meeting in which she was reduced to tears, as have Junior Northern Ireland minister Shailesh Vara and junior Brexit minister Suella Braverman.

The Prime Minster is now being hauled over the coals by everyone from the opposition to her own party, as Jacob Rees-Mogg moves to lead a vote of no-confidence.

“While emotions are naturally running high, given the importance of the process that is underway, all this politicking doesn’t help those looking at the investment potential of the UK property sector. They need facts and figures on which to base their investment decisions: What has happened to property prices since the Brexit vote? Which areas are up and coming? What about the future construction pipeline? These are the questions that property investors need answers to.”

Jonathan Stephens, MD, Surrenden Invest

In order to best meet investors’ needs, specialist property investment agency Surrenden Invest has put together a thorough, detailed Brexit Guide. The document takes a no-nonsense look at the economic fundamentals that the UK is facing following its decision to leave the EU. It looks at the economy as a whole, as well as segmenting out Brexit’s impact on industry, retail, foreign direct investment and housing.

Far from being a London-centric document, the new Brexit Guide considers the regional perspective and implications, with Birmingham, Manchester, Liverpool and Newcastle all under the spotlight in terms of their future investment potential.

Surrenden Invest is well positioned to comment on these regional hives of activity, having spent years working with local developers to bring some of the finest contemporary residential developments to investors. The company’s latest development, Ancoats Gardens in Manchester, epitomises the high quality homes that are available to investors looking to be part of the future of the UK housing market, once they can see past the Brexit politics.

“We wanted to create something that provides real value for investors – something that gives them the hard facts, as well as expert insights from our team of property and finance specialists. I’m delighted that the resulting Brexit Guide does just that.”

Jonathan Stephens, MD, Surrenden Invest

Freely available through the Surrenden Invest website, the Brexit Guide will be updated regularly, ensuring its status as an essential, living document as we hurtle ever closer to 29 March 2019.

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Spanish property market in show of strength, as Britons remain top foreign buyers

Spanish property market in show of strength, as Britons remain top foreign buyers

Spain ,
  • Costa del Sol and Costa Blanca remain firm favourites with foreign buyers (Taylor Wimpey España)
  • Spanish property prices rising faster than UK values (TINSA)
  • Britons still buying almost double number of properties of any other nationality (Association of Spanish Land Registrars)
  • Plans in place for Spain to continue courting Brits post-Brexit (Ministry of Trade, Industry and Tourism)

Leading Spanish home builder Taylor Wimpey España reports that the Costa del Sol and Costa Blanca remain firm favourites with foreign buyers, as figures from the Association of Spanish Land Registrars show that foreigners now account for almost 13% of Spanish property purchases. Overall, the Spanish property market continues to perform strongly, with local demand and foreign demand almost neck and neck.

“Foreign buyers play an important role in the Spanish property market. Right now, we’re seeing both local demand and foreign buyer demand increase, which is excellent news for the health of the overall market. In terms of foreign buyers, new build homes in sunny, well-established coastal areas are some of the most sought after properties.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

In total, foreigners purchased some 17,338 properties in Spain in Q2 2018. Of those, 2,590 purchases were by British buyers. The next largest group of overseas buyers were the French, who purchased 1,315 Spanish homes. The figures show the importance of British buyers to the Spanish market – something which Spain is considering carefully in light of the UK’s imminent departure from the EU, both from a property perspective and a tourism one.

Tourism numbers and foreigners buying Spanish property tend to be interlinked. After all, the more people who visit Spain and fall in love with its culture, cuisine, beaches and more, the more there are who yearn to own property there. In the first nine months of 2018, data from the Spanish National Institute of Statistics (INE) shows that 66.2 million foreign tourists visited Spain, spending 2.5% more than in the same period of 2017.

In order to ensure that Spain continues to benefit from British interest, Minister for Trade, Industry and Tourism Reyes Maroto has been meeting with top travel companies in order to ensure Britons can continue visiting Spain, regardless of the final terms of Brexit.

It certainly seems as though British holidaymakers are unphased by the prospect of Brexit disrupting their travel plans. Toni Mayor, president of the Hosbec Costa Blanca hoteliers association, has reported stable bookings from British tourists for 2019, despite the current lack of certainty around travel arrangements after 29 March.

“For both tourists and property buyers, Spain has much to offer. House prices here have risen faster than in the UK according to the latest TINSA data, meaning that Brits buying in Spain can enjoy superior potential for capital growth at present when compared to those buying in the UK.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

TINSA’s figures show a 5.3% increase in property prices in the year to October 2018. Both major city locations and the Mediterranean coastline are faring well, according to TINSA, with rises of 8.5% and 6.0% respectively.

With 60 years of experience in building and selling property in Spain, Taylor Wimpey España is enabling foreigners to buy with confidence. The quality of homes such as those at La Vila Paradis, at Villajoyosa (Costa Blanca), speaks volumes. With beautiful sea views and on-site swimming pools, the apartments and townhouses are ideal for those looking to make the Spanish sunshine a regular fixture in their lives. Just two key-ready apartments and one townhouse remain available at the development, as a result of strong demand for the high spec homes. Prices start from €285,000 plus VAT.

Over on the Costa del Sol, at Elviria, Marbella, Taylor Wimpey España’s La Floresta Sur development is also offering key-ready homes to those with an eye for quality. The spacious apartments offer luxurious surroundings with large terraces, complemented by two communal pools, all from just €228,000 plus VAT.

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.

Second home buyers list convenient flight routes as top priority

Second home buyers list convenient flight routes as top priority

France

 

  • Convenience now top of many buyers’ lists
  • Bordeaux to benefit from new Ryanair base from summer 2019
  • Property prices in famous wine region rose 16% in 2017

Specialist French property agents FrenchEntrée have revealed that buyers are increasingly putting convenient flight routes at the top of their priority list when it comes to seeking out the perfect second home. In the latest such instance, a couple with a budget of €500,000 for a gîte business have made ease of access to Bordeaux the primary focus of their search. The news comes just as Ryanair has announced that it is to launch to new French bases for summer 2019: at Bordeaux and Marseilles.

For the couple in question, convenient flight routes to Bordeaux mean that their business will appeal to a wider customer base. However, it is not just those with business plans in mind who are prioritising easy air travel. According to the FrenchEntrée team, those buying second homes for personal use are also increasingly keeping an eye on flight routes.

“Convenience definitely seems to be making its way up the priority list of late. Buyers are looking to minimise the time they spend travelling, in order to get maximum use from their second home. That means that flight routes and distances from local airports are often top of buyers’ minds when they’re looking at potential properties.”

Alistair Lockhart, Property Director, FrenchEntrée

Ryanair’s new base will make Bordeaux more easily accessible from the UK, as one of 24 locations that the airline will offer from the French city. With a population of just over half a million, Bordeaux is located in the Aquitaine region of south west France. It is known around the world for its outstanding wines and also has a lively spirits industry. The surrounding area offers everything from country pursuits to surfing – Aquitaine’s Atlantic coast is considered to be the best surfing spot in Europe and is home to Europe’s largest beach at the Bassin d’Arcachon, a natural inland sea.

As well as appealing to tourists and second home owners, Bordeaux is a thriving working city. It is home to some 60,000 students and a number of large corporates have recently relocated their international hubs to the city. High-tech industries such as aeronautics are particularly prevalent.

“The influx of large groups of professionals and their families has had a notable impact on the Bordeaux property market, with the waves of new residents driving up prices. The extensive regeneration work that has taken place of late, with millions of euros dedicated to urban redevelopment, has also made its mark.”

Alistair Lockhart, Property Director, FrenchEntrée

British buyers have also played a role in pushing up prices, opting for spacious second homes in the suburbs and surrounding countryside, just as demand from French professionals and their families has pushed up prices in the centre. According to data from the Notaries de France, Bordeaux has experienced higher property price rises than any other French city over the past 20 years. House prices have risen by 215% over that period, while apartment prices have risen by 248%.

In 2017 alone, Bordeaux prices shot up by a staggering 16%. Many attribute the sharp rise to the opening of the high-speed TVG train connection with Paris (a journey that now takes just two hours). In terms of those all-important international connections, British buyers can now enjoy regular flights to Bordeaux with British Airways, flybe, easyJet and bmibaby, as well as the new Ryanair offering.

 

Beautiful Bordeaux properties for sale

Buyers looking for their own slice of one of the world’s most famous wine-making regions will love this beautiful chateau with 25 hectares of vines in the Côtes de Bordeaux AOC, which comes complete with tennis court, heated pool, vaulted cellars and guardian house.

For those who prefer to drink wine rather than make it, this spacious villa with large swimming pool and extensive garden is sure to appeal. The stylish property comes complete with a double garage, wine cellar and separate pool house.

And for those looking to enjoy Ryanair’s new routes to and from France’s second largest city, Marseille, this stunning contemporary townhouse offers something truly unique. The property has been designed across three levels, to deliver a feeling of being out at sea. Terraces off the bedroom and bathroom offer uninterrupted views across the sea to the islands of Frioul.

 

For further information, contact FrenchEntrée on +44 (0)1225 463752 or propertysales@frenchentree.com. You can also visit https://www.frenchentree.com/property-for-sale/.

 

The future of property investment – where will 2019’s housing hotspots be?

The future of property investment – where will 2019’s housing hotspots be?

United Kingdom ,

 

  • Regional cities boasting Brexit-proof potential will top investors’ lists in 2019 (Surrenden Invest)
  • Solid market fundamentals will remain in place after March
  • Growing, youthful populations will be influential on 2019 hotspots

It’s time to gaze into the housing market crystal ball to see what 2019 might bring. With the UK set to part ways with the EU at the end of March, it’s going to be an interesting year for any number of sectors, housing included. However, specialist property investment agency Surrenden Invest believes that the UK is as prepared as it can be to ensure that property investment continues as business as usual.

“Nobody can ever see what the future holds – that’s the case regardless of Brexit. As such, looking ahead to likely investment hotspots is a case of examining the underlying market fundamentals. For 2019, that means cities with youthful populations and strong trends for city centre living. The UK’s rental sector is still growing, so 2019’s hotspots will be those areas in which populations are expanding rapidly, and where employment prospects are sound.”

Jonathan Stephens, MD, Surrenden Invest

The UK is in the midst of a housing crisis and is falling further and further behind each year in terms of delivering the number of homes that our population needs. The 13,000 new homes mentioned in this week’s Budget are a mere drop in the ocean. Combined with the rapid rise in popularity of city centre living, the shortage of housing is creating pockets of extreme demand in some of the UK’s regional metropolises. As such, the Surrenden Invest team has done some number crunching (with a little help from data from the Office for National Statistics and Zoopla) to see which hotspots are worth keeping a close eye on over the year ahead.

 

2019 property investment hotspots

Birmingham

2018 population: 1,147,300

2041 projected population: 1,313,300

Property price growth over past five years: 29.46%

Housing development to watch: Westminster Works

With a 14.5% population increase on the cards between now and 2041, Birmingham tops the list of 2019 hotspots. The city has a young population compared to the country as a whole, with its five university campuses attracting young people with a thirst for knowledge. The city has the sixth highest graduate retention rate of any UK city, and the third largest inflow of graduates with no prior connection to the city.

This 65,000-strong student talent pool provides Birmingham with a vast pipeline of future workers and entrepreneurs. It also means that stylish homes in city centre locations are, and will continue to be, in hot demand.

 

Manchester

2018 population: 553,500

2041 projected population: 631,500

Property price growth over past five years: 30.60%

Housing development to watch: Ancoats Gardens

Manchester is on track to experience a 14.1% population increase between 2018 and 2041, meaning it will be snapping at Birmingham’s heels in terms of growth. The city has already risen up the ranks in recent years, making it onto IBM’s list of top ten global destinations for foreign direct investment in 2017 (as part of the Manchester-Liverpool metropolitan region).

Manchester benefits from a steady influx of bright, enthusiastic young people. The city is second only to London in terms of its graduate returners (at 58%), as well as its inflow of graduates with no prior connection to the city. Businesses are doing much to harness this talent; Amazon, for example, chose Manchester as the site of its first Amazon Academy, running a series of programmes and events designed to help hundreds of small, local businesses. Future residential developments in the city centre will need to serve these entrepreneurial young professionals.

 

London

2018 population: 8,965,600

2041 projected population: 10,346,000

Property price growth over past five years: 32.36%

Housing development to watch: Brook House

London leads the UK in many respects, as a world-renowned centre for finance, business, education, tourism and more. Over the next 25 years or so, its population is projected to increase by 15.4%, driving demand for housing across the capital. From sleek, centrally located apartments to sprawling houses in the suburbs, London offers every kind of property imaginable, providing homes for workers from across the UK and the globe.

More than 300 languages are currently spoken in London’s schools, highlighting the diversity of the capital’s future workforce. The city attracts some of the best and brightest as a result of its vast range of employment opportunities and is home to a huge rental population. According to PWC, 60% of Londoners will rent their homes by 2025, as the city’s young (and not so young) professionals rent in ever greater numbers.

 

Liverpool

2018 population: 495,300

2041 projected population: 554,500

Property price growth over past five years: 24.67%

Housing development to watch: The Tannery

Liverpool is on track to experience a population increase of 12.0% between now and 2014, as the city continues to attract talented young people as a result of its thriving service sector, healthcare sector and knowledge economy. The city’s extensive cultural offering is also a draw, from its plentiful museums and art galleries to its excellent restaurants and lively music scene.

42% of Liverpool’s population is below the age of 30, compared with 37% nationally. This youthful population is driving forward Liverpool’s reputation as an innovative, entrepreneurial city. It is also one of the main forces behind the extensive regeneration that the city is experiencing, while the growing trend for city centre living is creating new hotspots close to key attractions and amenities.

 

Newcastle upon Tyne

2018 population: 297,400

2041 projected population: 318,100

Property price growth over past five years: 23.70%

Housing development to watch: Hadrian’s Tower

Newcastle’s city centre population has grown rapidly since the turn of the century. According to Centre for Cities, Newcastle city centre enjoyed population growth of 112% between 2002 and 2015. The massive jump in demand for city centre living is creating a hotbed of innovation within the housing sector, as developments seek to woo the bright young things who have flocked to the city for work and want prime accommodation in the heart of Newcastle.

With a superb social scene and a thriving urban renaissance well underway, Newcastle’s attractions to ambitious young professionals are plenty. It also has a rapidly growing student body as a result of its superb universities. Student numbers at Newcastle University have shot up by over 70% since 2000, while Northumbria University has enjoyed a student body increase in excess of 114% over the same period. With nearly 50,000 students in total, a full sixth of the city’s population is engaged in study, creating a uniquely youthful atmosphere as Newcastle grows its own talent for the future.

 

“Each of these cities has its own distinctive culture, which is drawing in young people who will ultimately contribute to the future success of that city. Those working in the housing sector need to respond accordingly, delivering high quality homes in central areas, in order to meet the demand that these young people are driving.”

Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Holiday essentials: why sun, sea and sand will always win big at this time of year

Holiday essentials: why sun, sea and sand will always win big at this time of year

Spain ,
  • Darker evenings prompt push for sunshine holidays (Taylor Wimpey España)
  • Costa del Sol offers perfect combination of beaches, golf and great weather
  • Jet2 adding 100,000 extra winter sun seats to routes from UK to mainland Spain

British summer time is officially over. The clocks have gone back and our evenings have been plunged into darkness for another year. It is no wonder, then, that the attraction of sun-kissed beach holidays suddenly seems so much more powerful. According to leading Spanish home builder Taylor Wimpey España, the end of the summer is always a key driver for British buyers to seek out second homes in the sun.

Throughout September and even much of October, the UK usually has enough sunshine left to keep people going. However, the end of British summer time means that dark evenings and cold weather are suddenly stretching out ahead for months on end. As such, searching for a sunshine-filled holiday, or indeed a second home somewhere warm, suddenly takes on a renewed sense of importance.” 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

For those seeking the sun, the Costa del Sol is ideal. With beaches aplenty, as well as world-class golf courses, it not only makes for a wonderful holiday destination, but also has excellent potential as a place to retire to.

Nor is it just British holiday makers and second home buyers who are focusing on the Costa del Sol at this time of year. 1 November (All Saints’ Day) is a holiday in 14 European countries and the Taylor Wimpey España team is expecting a regular seasonal increase in the number of visitors and enquiries over the course of the long weekend. The allure of the Spanish lifestyle appeals to many of those living in Scandinavia, Germany and other European countries, as well as those in the UK.

Cultural activities and Spain’s superb gastronomic offering are part of the attraction, as is the country’s easy accessibility. For those in the UK, Jet2 has recently announced the addition of an extra 235,000 seats on its routes between the Midlands and Spain, with up to four services per week into Malaga as part of its Winter Sun 2019/20 schedule.

“The fact that the Costa del Sol is so quick and easy to reach is really the icing on the cake. It’s a holiday destination with it all, and it’s just a short hop from the UK. These fundamental characteristics are the reason that the area has earned such immense popularity with British holiday home buyers – it’s the perfect sun-kissed getaway location.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Those looking for the perfect second home in Spain would do well to consider Green Golf. Just 3 km from the beach (and with some spectacular sea views), Green Golf is part of the lush Estepona Golf course. The private residential development boasts pretty communal gardens and outdoor pools, while individual homes feature large, south facing terraces for making the most of the abundant sunshine. Prices start from €280,000 plus VAT.

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK, you will need to call 00 34 971 706 972.

Evidence mounts that sunshine and Mediterranean diet are key to avoiding depression

Evidence mounts that sunshine and Mediterranean diet are key to avoiding depression

Spain ,
  • Mediterranean diet reduces risk of depression by up to 33% (UCL)
  • Gastronomic experience highlighted as key Spanish attraction by visitors (Taylor Wimpey España)
  • Local, seasonal produce makes for unique culinary experiences in every region

The link between sunshine (or rather, lack of it) and depression has long been established. However, there is now growing evidence to show that diet can also play a key role in our mental health. A recent study led by UCL’s department of epidemiology and public health has found that people who stick most closely to a traditional Mediterranean diet have a 33% lower risk of developing depression in the next eight to 12 years (when compared to those whose diets least resembled the Mediterranean diet).

“There is compelling evidence to show that there is a relationship between the quality of your diet and your mental health. This relationship goes beyond the effect of diet on your body size or other aspects of health that can in turn affect your mood. We aggregated results from a large number of studies and there is a clear pattern that following a healthier, plant-rich, anti-inflammatory diet can help in the prevention of depression.”

Dr Camille Lassale, Department of Epidemiology and Public Health, UCL

The Mediterranean diet is rich in vegetables, fruit, nuts and fish and low in saturated fat, sugar and processed food. Seasonal and often locally sourced, it makes for a delicious and nutritious culinary experience, as well as one that brings notable mental health benefits. In fact, it is often highlighted as a key attraction by those holidaying and buying second homes in countries such as Spain, according to leading Spanish home builder Taylor Wimpey España.

Spain’s gastronomic offering is a real strong point for visitors. With a temperate climate year-round, the Costa del Sol is blessed with plenty of fresh, local food throughout the year, while the coastal location introduces plenty of options in terms of sparklingly fresh sea food.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

When it comes to food, it’s hard to decide whether Spain is most well-known for its national dish, paella, or for its style of eating: tapas. Adapted to each season, tapas excite the sense with a wide range of typically Spanish scents and flavours, including fried fish with olive oil, garlic prawns, anchovies in vinegar, slivers of unimaginably delicious ham from acorn-fed pigs, vegetable dishes such as aubergine with honey, potato omelette, patatas bravas and plenty more.

Each area of Spain also has its own regional tastes. Valencians are fiercely protective of their ‘official’ recipe for paella. Those visiting Andalusia, meanwhile, can enjoy the simple, salty richness of salmorejo – a tomato/bread soup garnished with chopped, hard-boiled egg and ham. Gazpacho, of course, is also a must. In the winter months, bowls of thick, rich stew are the perfect way to keep warm as the evenings close in.

Those seeking out Spain’s fabulous combination of sunshine and healthy diet will be delighted by the properties available at La Floresta Sur in Elviria, Marbella. Available from Taylor Wimpey España, the spacious apartments have two or three bedrooms and large terraces, which are perfect for enjoying long, relaxing meals on after a day spent working up an appetite in the site’s two large pools. Prices start from €228,000 plus VAT.

La Floresta Sur’s delightfully appointed terraces are also the ideal spot in which to enjoy a glass of local wine while enjoying the spectacular views. The Costa del Sol boasts plenty of superb wines at vastly affordable prices, particularly compared to how much those living in the UK have to fork out for a decent bottle. The delightfully dry ‘fino’ (‘refined’) sherry is also readily available from the nearby Jerez de la Frontera sherry-producing region.

“Spain offers a real culinary adventure for those who want to try the local delicacies. In the Marbella area, there are plenty of outstanding seafood dishes to try, but also classics like oxtail in red wine sauce. The deserts are also fabulous – be sure to try tarta malagueña and the deep fried, sugary borrachuelos.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.

The true cost of buy to let property

The true cost of buy to let property

United Kingdom ,
  • New Surrenden Invest mortgage and stamp duty calculators to provide financial clarity
  • Number of landlords in UK at record high of 2.5 million
  • Average properties per landlord has risen to 1.8 homes each (Ludlow Thompson)

Over the past five years, the number of landlords in the UK has increased by 27%. Not only are there more landlords, by they are buying more properties – an average of 1.8 properties each, according to Ludlow Thompson. For the last tax year, when the government’s 3% Stamp Duty levy for second home owners was in full force, and mortgage interest tax relief was on its way out, landlord numbers rose to a record high of 2.5 million.

“The UK property market represents such an outstanding investment opportunity that domestic and overseas investors have been undeterred by tax hikes and Brexit alike. Landlord numbers continue to rise, and the latest addition of 1% more Stamp Duty for foreign investors is unlikely to make much difference. The market fundamentals are strong enough to withstand it – ultimately, the UK property market remains a place where investors can make healthy returns in both the medium and the long term.”

Jonathan Stephens, MD, Surrenden Invest

Given the continuing keen interest in UK property, particularly in regional cities, specialist property investment agency Surrenden Invest is encouraging potential investors to consider the true cost of buy to let property. Their aim is to ensure that potential investors have clarity on all of the costs involved – not just the cost of having a buy to let mortgage.

“Buy to let mortgages are just one of the costs involved in investing in buy to let – there are also legal fees, the cost of furnishing the property, service charges and ground rent for new build developments, management fees and, of course, Stamp Duty Land Tax. It’s only after investors have taken all of these into account that they can work out their returns.”

Jonathan Stephens, MD, Surrenden Invest

While the long list of fees might seem off-putting, investors with a keen eye for a good deal can cut costs while still investing in high end homes. At The Tannery in Liverpool, for example, apartments are available from £85,000. That means that investors pay only the lowest rate of Stamp Duty, as the cost of the home is well below the £125,000 threshold of the first band. Investors at Westminster Works in Birmingham, meanwhile, have the option of selecting stylish David Phillips furniture packs. Doing so can offer a significant cost saving compared with choosing comparable furnishings from high street suppliers, and also cuts out the cost in the investor’s time of having to furnish the apartment.

Other costs are simply part and parcel of the investment, such as service charges and ground rent. Management fees can potentially be avoided, though for many new build investment opportunities, the management company arrangements are a core part of the deal. And even when they are not, those looking for hands off investment opportunities often find that the drag on their time as a result of managing the property directly soon means that they are happy to bear the small cost of using a professional management company.

Again with financial clarity for investors in mind, the Surrenden Invest team have just announced the addition of mortgage and stamp duty calculators to their website. The new functionality will be available in the next few weeks, as the company seeks to provide investors with the right tools to aid their understanding of the true cost of buy to let.

“Investing in buy to let homes in the UK is a fantastic opportunity. We want to ensure that investors have the time to consider the financial implications of doing so at their leisure. The stamp duty and mortgage cost calculators on the Surrenden Invest website are one way in which we are enabling that.”

Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726

Winter sun destinations at their best – is now the perfect time to buy property in Chamonix?

Winter sun destinations at their best – is now the perfect time to buy property in Chamonix?

France ,

 

  • Flurry of new homes at excellent prices on market in Chamonix (FrenchEntrée)
  • Prices up 2.3% in Chamonix over past year (Knight Frank)
  • €477 million, 40-year investment plan laying solid foundations for future price growth (FrenchEntrée)

Knight Frank’s new Ski Property Report 2018-19 has provided an encouraging snapshot of the French market’s performance in the year to June 2018. None of the French resorts that the company monitors recorded a decline in prices over the year, with Val d’Isère and Chamonix recording the healthiest rises, of 3.0% and 2.3% respectively.

The uptick in prices makes now the ideal time to buy in Chamonix, according to specialist French property agents FrenchEntrée.

“We’re seeing some lovely new Chamonix properties come onto the market at the moment, and our expectation is that prices in the area should continue rising over the next year or two at least. Chamonix has some excellent investments in the pipeline, which should serve to drive up property prices in the coming years and ensure it keeps its place as one of the most attractive regions of the Alps.”

Alistair Lockhart, Property Director, FrenchEntrée

Chamonix’s future plans include a new lift at Grand Montets and 10-seater gondola at Flegere and a renovated lift station at Le Tour. The upgrades are part of a €477 million, 40-year investment plan, which – according to Knight Frank – means the resort is well positioned in terms of potential property price rises.

“Knight Frank’s Ski Property Index has confirmed the link between a resort’s investment in its infrastructure (ski lifts, hotels, spas, non-ski activities etc) and its property market’s performance.” 

Ski Property Report 2018-19, Knight Frank

Those buying second homes in Chamonix not only have an idyllic ski resort on their doorstep, they also have excellent income potential as a result of their purchase. During the high season, a four-bedroom chalet in Chamonix can command a rental income of €4,600 per week, with occupancy averaging 90-100%. In low season, occupancy of 60% is realistic.

“As confirmed by the latest Knight Frank ski report, Northern Europeans – in particular those from Scandinavia and the Benelux countries – are showing growing interest in skiing in the Alps. This is against a background of an improving French economy, making now a particularly interesting time for buyers to look closely at Chamonix’s property market.”

Alistair Lockhart, Property Director, FrenchEntrée

In terms of properties available, Chamonix buyers have some superb options. Brand new on the market and priced at €8.95 million is Le Lustre, a duplex apartment in the historic the Pas de Chevre building in the very centre of Chamonix’s pedestrian area. Four years in the creation, the apartment offers four en-suite bedrooms, 360 degree views of the mountains and a sizeable roof terrace in an unsurpassed location.

Also new to the market is Chalet les Nants. Just a 10-minute walk from the centre of Chamonix, and at the extremely reasonable price of €1.8 million, the four-bedroom chalet is spread over three floors and offers a magnificent family home, including an open-fire, a large, south facing terrace with hot tub and views of Mont Blanc.

A 10-minute drive from Chamonix, at the lovely family resort of Les Houches, prices are even more reasonable. Chalet Lothier costs just €1.245 million. The large, light-filled chalet includes four bedrooms, living room with open fire place, pool room and cinema room. The decent-sized garden and balconies provide plenty of space for enjoying the spectacular mountain views.

Of course, Chamonix prices aren’t for everyone. Thankfully, there are other areas of the French Alps that have excellent potential, for more affordable prices.

“The area around Lake Geneva is home to some superb ski properties, with stunning views and easy access to a host of facilities. The presence of the lake, and its associated activities, means that those properties also have excellent dual-season appeal. The up and coming resort of Bourg St Maurice is also well worth investigating, as it has great potential both in terms of future property price increases and rental appeal.”

Alistair Lockhart, Property Director, FrenchEntrée

Homes by Lake Geneva can be picked up for well under €1 million. Just five minutes from the centre of Evian, this captivating, three-bedroom chalet boasts superb lake views and is on the market for just €795,000. Over in Bourg St Maurice, a beautiful, centrally located, four-bedroom apartment can be picked up for as little as €520,000.

 

For further information, contact FrenchEntrée on +44 (0)1225 463752 or propertysales@frenchentree.com. You can also visit https://www.frenchentree.com/property-for-sale/.

 

Will Sergio Garcia’s record-breaking success lead to a surge in Spanish golf property sales?

Will Sergio Garcia’s record-breaking success lead to a surge in Spanish golf property sales?

Spain ,
  • Sergio Garcia named Europe’s all-time leading point scorer at Ryder Cup
  • Major golfing tournaments drive interest in golf homes (Taylor Wimpey España)
  • Superb golf properties available at excellent prices  (Taylor Wimpey España)

The 2018 Ryder Cup was a resounding success for Europe. They won back golf’s most famous trophy, and had the honour of hosting the competition for what was only the second time ever in continental Europe. Individual European players also shone – in particular, Spain’s Sergio Garcia, who became Europe’s all-time leading point scorer as a result of the competition.

Spain and golf go hand in hand – so much so that the cluster of golf resorts around the Malaga area of the Costa del Sol are referred to as the ‘Costa del Golf.’ The country has the ideal landscape and climate to encourage the proliferation of the sport, with the result that it is home to around 350 courses. Their sun-kissed locations include Andalusia and the Balearic Islands.

Now, with so much media attention on Sergio Garcia, Spain’s golf resorts are in the spotlight once again.

Golfers from around the world look to Spain for high quality golf homes with outstanding course facilities that they can enjoy at any time of year. By specializing in golf properties, Taylor Wimpey España has worked with buyers from all over the world to find them their dream golf home in Spain over the past 60 years. In that time, we’ve noticed many a spike in interest when Spanish golfers have achieved something notable on the international stage – and we expect Sergio Garcia’s record-breaking success to trigger another wave of interest.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Would-be golf property buyers are spoilt for choice in the hands of leading Spanish home builder Taylor Wimpey España. In Marbella, for example, Le Caprice is at the Westin La Quinta Golf Resort, which features a 27-hole course designed by triple world champion and Ryder Cup winner Manuel Piñero. The 14 superb homes are available from €490,000 plus VAT. The development includes penthouses with private 100m2 solarium, duplexes with wonderful terraces and ground floor apartments with private gardens. All homes feature three bedrooms, and enjoy access to the development’s communal pool and gardens.

At Green Golf, at Estepona Golf in Malaga, owners enjoy panoramic views across the golf course to the sea. The three bedroom, three bathroom houses all feature large terraces, with homes facing south or southwest to make the most of the Spanish sunshine. The private, gated development also features beautifully designed communal gardens and pools. Prices start from €299,000 plus VAT.

In terms of the Balearic Islands, Mallorca is a haven for golfers. On the island’s eastern coast, Cala Murada is a collection of four exquisite townhouses just 150 metres from the beach and perfectly located for access to the prestigious Vall d’Or Golf Club. The homes are perfect for those looking for a stunning location from which to enjoy some of the best golfing facilities on the island. Prices start at €379,500 plus VAT.

“Spain has some absolutely superb golf courses, and owning a property either on or next to one of them makes the ideal second home for keen golfers. With property prices still some 36% lower than their 2007 peak, according to the latest TINSA data, there are still some real bargains available as the pace of the housing market continues to pick up.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.