London versus the world! What can you get abroad for the price of an average property in the capital?

London versus the world! What can you get abroad for the price of an average property in the capital?

Portugal Spain United States , , ,
  • Average London house price is £514,097 (
  • This is enough for 3 detached villas with pools in Spain, with €80k change (
  • Or 2 5-bedroom resort homes with pools in Florida (Ideal Homes International)
  • Cliff-top townhouses with infinity pool in Mallorca also an option (Taylor Wimpey España)

According to the UK government’s December 2015 House Price Index, the average property in London now costs £514,097. Based on a quick Rightmove search, £514,097 is enough to purchase a new build one bedroom flat in Newham, a two bedroom flat in a converted house in Acton or a four bedroom mid-terrace house in Tottenham in need of some serious modernisation.

But what could you get for the same money overseas? £514,097 is worth just over €656,151, or USD $743,053, at today’s exchange rate, which opens up a wealth of property options to those looking to buy on the continent or even further afield.

Chris White, Founding Director of Ideal Homes International, explains,

“There are some fantastic bargains to be had when it comes to overseas property at the moment. Portugal and Spain are offering incredible value for money and are just a short hop on a plane from the UK, making them ideal locations for second homes or investment properties that you want to keep a close eye on. For fans of the US, Florida is also offering some serious bargains and is a perennially popular destination thanks to its winning combination of sun, sea and theme parks.”

In Portugal, €650,000 is enough for a four/five bedroom villa in the hills at Soalheira, 10 minutes from the beaches and golf courses of Vilamoura and just two minutes from the town of Loulé. The villa comes complete with swimming pool, Jacuzzi, sauna, pergola sunbathing area, pool house and gardener’s bathroom, two double garages, ocean views, grill house with sink, fridge and BBQ, cinema room, wood burning fire and under-floor heating in the two bathrooms. A far cry from a run-down terraced house in Tottenham!

For beach bunnies, the Spanish island of Mallorca is the ideal location. There, €625,000 will buy a premium frontline townhouse with incredible sea views, close to the golf courses and marina of Porto Cristo. There are just seven spacious three bedroom townhouses on the Cala Magrana Mar development, from leading Spanish homebuilder Taylor Wimpey España, which also benefits from a communal infinity pool and sunbathing area, designer fixtures and fittings and the latest security features.

Another option for those with €650,000 to spend is to invest in more than one property, which is easily achievable for this budget in both Portugal and Spain. Martin Dell, Director of Spanish property portal, comments,

“It’s staggering what you can get in Spain for the price of an average London property. Those looking for rental investments can pick up a whole string of properties in idyllic coastal locations for that kind of money.”

In the pretty seaside town of Javea, for example, detached villas with pools can be bought off plan for £189,800, with scope for the buyer to personalise the layout, with the build completed within 5-7 months. Instead of a one bedroom flat in E16, a buyer could pick up three of these villas and still have €80,000 left in his pocket.

Over in America, a buyer can easily pick up two five bedroom villas with pools in the hugely popular Kissimmee area of Florida for $743,053, the equivalent price of the average London home. Resort homes with screened in pool and spas in gated communities just a few miles from Walt Disney World are available for between $350,000 and $450,000. Certainly food for thought for all those thinking about buying a home in London at the moment!

For more information please contact:

Ideal Homes: 0800 133 7644, +351 289 513 434, or

Taylor Wimpey España: +44 08000 121 020 or Those residing outside of the UK should call 0034 971 70 69 72.

16 top tips on buying a home overseas in 2016

16 top tips on buying a home overseas in 2016

Portugal Spain United States
  • Fall for an area, not an individual home
  • Know what you want BEFORE you visit
  • Think about what you will want in the future, as well as what you want now

The arrival of New Year provides a chance to take stock, make plans and look to the future with a positive frame of mind. For many, this will include the excitement of finally planning to buy their dream home overseas, providing the perfect antidote to the months of grey, chilly weather on offer in the UK.

Whether it’s a detached villa with pool on Disney’s doorstep in Florida, a stylish apartment close to the beach in Spain or a perfectly located country retreat in Portugal, the overseas property market is awash with great value properties for those who know where to look.

Chris White, Founding Director of Ideal Homes International, comments,

“We’re predicting great things for the overseas property market in 2016, with Spain and Portugal, the US and Cyprus all appealing in unique ways to buyers from the UK. We would always advise buyers to be cautious though, particularly if they haven’t bought overseas before – it’s really important to do your homework and buy through a trusted and reputable company.”

In that vein, Chris and his team have put together their 16 top tips on buying a home overseas in 2016, to help buyers turn their dreams into reality.

The Ideal Homes International 16 top tips on buying a home overseas in 2016

  1. Investigate on the internet – research potential areas thoroughly, rather than individual properties. Find out about local amenities, from beaches to restaurants, based on your priorities. Think about how those priorities may change in the future as well – a holiday home bought this year could serve as a retirement pad later on, so what facilities would you want on hand then? Don’t fall in love with a particular property until you know the location is right for you!
  2. Use an agent with form – opt for an organisation with a good track record. Make sure they have been in business for some time and have a long list of satisfied customers happy to speak about their experiences.
  3. Budget carefully – buying overseas isn’t just about the property price. Be aware of the buying costs like fees and local taxes. These can vary hugely from country to country, so do your research and budget accordingly.
  4. Plan a trip – once you’ve identified the places you like on the internet, hop on a plane and check them out for yourself. You will quickly be able to get a feel for whether or not a place is right for you and a few hundred pounds invested at this stage can serve extremely well when it comes to finding the perfect location for your new home overseas.
  5. Know what you want BEFORE you visit – think about how many bedrooms you need, whether proximity to the beach or a local golf course is important to you, whether you simply must have your own pool and whether the local supermarket can be reached on foot or by car. Whatever your preferences, have them firmly fixed in mind before you visit – and be sure that your agent understands them too. This will ensure that he/she is able to show you properties that perfectly suit your requirements and avoid wasting time spent touring unsuitable homes.
  6. Think about the journey – work out the journey from your current home to the area in which you plan to purchase. What are the flight times and costs like? Is there just one airline that flies into the local airport or several? Can you hire a car easily upon arrival if you need to? These factors will impact on how relaxed you are by the time you arrive at your overseas property each and every time you visit, so think the journey through in detail.
  7. Find a reputable lawyer – this is one of the most important elements of buying a second home overseas. A good agent should be able to recommend a reputable lawyer, or you can do your own research on the internet and by speaking to others who have bought property in the area. Chat on the phone with the lawyer and meet him or her when you visit – test their knowledge and be sure to choose someone you are comfortable with.
  8. Think about money matters – once you’ve bought your property, you will need to get money out to that country regularly in order to pay bills, take care of maintenance issues and so forth. Look at what you need to do to set up a local bank account and plan to do this as early as possible in the process. Bear in mind that many overseas banks also have a branch in London where you can take care of some of the initial paperwork should you need to do so.
  9. Remember the insurance – before you commit to purchasing a property, check that it is insurable and at a reasonable rate. If the area that you like the look of is prone to flooding or sink holes then it might be time to look elsewhere.
  10. Ask about hidden requirements – speak to your agent and conduct your own research online to ensure that you know everything you need to. In Portugal, for example, you need a fiscal number in order to purchase a property. You can get one quickly and easily from the local Finanças department for a small fee – or you can appoint a lawyer to take care of this on your behalf.
  11. Consider other significant expenses – what other expenses might your property purchase give rise to? One of the most commonly overlooked items is the need for a car, so think about whether you can access your new home on public transport, whether you will pay for a hire car each time or whether you would prefer to purchase a car of your own overseas.
  12. Is the property just for you? – if you plan to rent your property out as well as using it yourself then be sure that it appeals to a wide range of holidaymakers. Neutral décor and access to a pool can make a big difference to the number of people choosing your holiday home over another one.
  13. Speak to the experts – join some online forums and Facebook groups and chat to those who have already purchased in the area you like. Even better, find people who have moved fulltime and benefit from their experiences of local life.
  14. Know the market – understand price trends in the country and region you like in order to know whether or not your expectations are realistic based on your budget. Knowledge of local prices will also help you to gauge whether you are paying over the odds or picking up a real bargain.
  15. Think about maintenance – unless you are planning a permanent move, you will need to consider how best to maintain your property from afar. An isolated villa might be your dream holiday home, but an apartment on a managed condominium might present far fewer headaches in terms of regular maintenance, particularly if you plan to rent it out as well as use it yourself.
  16. Use an agent who does it all – find an agent you trust and who can offer you the whole package. They will be able to support you with every step of the process, from finding a reputable lawyer to arranging an inspection trip. This can often be by far the quickest and cheapest approach – and also the least hassle!

For further details call Ideal Homes International on 0800 133 7644 or +351 289 513 434, email or visit

10 years on, the overseas property market resets itself

10 years on, the overseas property market resets itself

Cyprus Portugal Spain United States World ,
  • Portuguese property prices due to rise 5% p.a. for next 5 years (RICS/Ci)
  • Florida property values up 8.2% over past year (Zillow)
  • Portugal, Spain and Florida are hot picks for 2016 (Ideal Homes International)

Over the past decade, the landscape of the overseas property market has changed vastly. Property entrepreneur and Founding Director of Ideal Homes Portugal and Ideal Homes International Chris White has been selling property through the good times and the bad. After a turbulent 10 years, he believes the overseas property market has finally reset itself – and that now is the time to look to the future.

In Portugal, where Chris White is based, the market crashed spectacularly following the events of 2006/07, along with residential real estate markets around the world. Lesser estate agents would have crumbled (many did) but Ideal Homes Portugal stuck with the market through the hard times and came out the other side even stronger. Today, the flourishing agency employs 35 staff, selling properties across the Algarve as well as in the capital Lisbon.

Chris comments,

“There were some tough years in the middle of the past decade, but it’s wonderful to see the Portuguese property market back on an even keel again now. Prices look set to rise at a comfortable rate over the next few years. I’d say capital growth of 3-5% per year should be achievable for those who invest in the market during 2016.”

Data from the RICS/Ci Portuguese Housing Market Survey concurs. The August 2015 report suggested that prices would increase by roughly 5% per annum over the next five years. At present, a lovely two bedroom townhouse with private pool in Quinta do Lago can be picked up for €375,000.

Spain, as well as Portugal, has seen its property market reset itself over the past decade, although prices in Spain have been slower to recover. For buyers in 2016, this presents an excellent opportunity, according to Ideal Homes International’s Chris,

“Prices are rising in Spain, but many areas are still priced below their peak. There aren’t as many opportunities there as there were a year or two ago, but Spain is certainly still a good bet if you’re looking for a real estate market that has the potential to keep expanding over the next few years. The Costa Blanca would be my particular tip for those looking for a second home in the sun that can double as a savvy investment.”

At Orihuela, two bedroom/two bathroom off plan apartments are available from €129,900. Due for completion in December 2016, the apartments will each feature two large terraces, as well as community gardens, sea views and two large swimming pools (one heated).

Florida is another area that’s now back in the game, according to Ideal Homes International. A modern, four bedroom townhouse in Kissimmee, ideally located for access to Walt Disney World, costs just $285,000 (€252,000). Part of an exclusive gated community, the home includes a private pool area, screened in patio and comes fully furnished.

Prices in Florida have risen by 8.2% over the past year, according to Zillow, while data from the National Association of Realtors in June 2015 showed the US market passing its 2006 peak to reach record highs.

Back in Europe, the other country that Chris White of Ideal Homes International has flagged up for attention is Cyprus. Chris comments,

“Cyprus is an interesting prospect as a place to buy a holiday home in 2016. The market there has been incredibly quiet there this year and we don’t expect huge increases in prices over the next 12-24 months. However, what Cyprus does have to offer is fantastic value for money. If you’re looking for somewhere with great weather where your money can go a lot further, then Aphrodite’s isle is an excellent choice.”

As an example, a two bedroom villa in Konia, on a small complex of just six homes with a shared pool, can be picked up for €149,000.

For further details call Ideal Homes Portugal on 0800 133 7644 or +351 289 513 434, email or visit

Charlotte emerges as 2016 property hotspot

Charlotte emerges as 2016 property hotspot

United States
  • Charlotte ranked 3rd out of all US cities (PWC)
  • City is one of ‘best places for business and careers’ (Forbes)
  • Charlotte flagged as top 2016 property investment hotspot (Property Frontiers)

Charlotte, North Carolina, has emerged as one of the key property hotspots in the US for 2016. The thriving metropolis has been ranked third out of the nation’s cities in PWC’s Emerging Trends in Real Estate United States and Canada 2016.

Known as the Queen City, having been named for Charlotte of Mecklenburg-Strelitz, who became Britain’s queen consort the year before the city was founded, Charlotte is the second largest city in the south-eastern US and the second largest banking centre in the country. Bank of America has its headquarters there, while Wells Fargo uses the city as the base for its east coast operations.

With a healthy mix of service sector companies, industry and technology, Charlotte has a strong economic base as well as a thriving sports and social scene. The city has been on the rise for some time. From 2000-2008 it was ranked the 60th fastest growing city in the US. Last year, it had shot far enough up the ranking to take the number three spot, according to Census data. In 2013, the city received a further boost, with Forbes listing it as one of the Best Places for Business and Careers.

Now, the PWC Emerging Trends in Real Estate 2016 report has once more shone the spotlight on Charlotte’s potential, highlighting it as one of the country’s most dynamic real estate hotspots. Ray Withers, CEO of specialist property investment company Property Frontiers, comments,

“We’ve been involved in Charlotte’s property market for some time, as demand for good quality rental accommodation is high both within the city and the surrounding area. Investors from around the world are keen to pick up buy-to-let property in the US right now and Charlotte is one of the key urban areas offering the perfect combination of good value purchase prices and healthy demand from tenants.”

Property Frontiers is already offering investors the opportunity to purchase buy-to-let apartments at Chandler Oaks, just over an hour from Charlotte in the South Carolina city of Gaffney. The fully tenanted homes are priced from $48,671 for a one bedroom apartment. More than 70% of the properties have already been snapped up by investors keen to benefit from the liquidity of the US residential market.

With investor demand so strong for property in the area – and likely to become even more so in light of the PWC report – Property Frontiers has sourced a further development, within the Charlotte Metropolitan Area itself. CEO Ray Withers confirms,

“We are very shortly due to launch a fabulous opportunity at Circle Oaks Village, just 20 minutes from Charlotte, allowing investors to tap into the city’s real estate market and to be part of the future of one of the most active and exciting locations in the US. Property Frontiers has been planning the launch of this development for some time and it’s excellent that the just-published PWC report has confirmed that once more we are at the forefront of where investors want to be when it comes to global buy-to-let property markets.”

Circle Oaks Village is a collection of refurbished and fully tenanted apartments within easy reach of local business districts, schools and recreational facilities. The one, two and three bedroom apartments are spread across 29 buildings, on 13 acres of land. Investment is from just $77,727, with a management company contribution of 40% paid on closing, giving the management company the right to lease the property for the next five years. This means an investment price from only $46,636, with minimum guaranteed returns of up to 18.08% NET on capital invested for the first five years.

For further details, visit or call the team on +44 1865 202 700.

Planet property: Global house price report highlight’s world’s real estate hotspots

Planet property: Global house price report highlight’s world’s real estate hotspots

Germany United Kingdom United States
  • Global house prices rising at 4.7% per year (Economist House Price Index)
  • UK, US and Germany highlighted as real estate hotspots (Property Frontiers)
  • Output rising across entire UK construction sector (Markit/CIPS UK construction PMI)

The Economist House Price Index is one of the most important reports when it comes to providing a snapshot of the health of the world’s real estate markets. The latest report, released in October 2015, paints a largely positive picture of the planet’s property. Of the 26 markets studied, prices are rising in 21 of them, at a median pace of 4.7% per year.

Knowing where to invest

“Data such as this is key when it comes to knowing where to invest,” comments Ray Withers, CEO of specialist property investment company Property Frontiers. “It’s encouraging to see that the UK, the US and Germany are all enjoying sustained price rises. It shows how sensible our clients have been in investing in buy-to-let properties in those countries.”

Looking at the UK

House prices in the UK have been rising since Q2 2009, albeit with a few bumps along the way, according to the Economist’s report. Nationally they’ve risen by 11.5% in Britain between then and Q4 2014. The new-found confidence in the market has seen construction pick up pace, with the latest Markit/CIPS UK construction PMI reporting rising output across all parts of the industry in September 2015 – the 28th month in a row that the sector has been creating jobs. All of which is great news for property investors looking for a stable market.

One area of the UK that is firmly on buy-to-let investors’ maps is Manchester, and in particular Salford Quays. The area is booming and developments like Custom Quay, where the 60 one and two bedroom duplex apartments are available for investment from £127,000 with 8.4% expected yield, are attracting investors keen to be a part of the city’s bright future.

Heading across the pond

Over in the US, the figures paint a different picture, but one that is equally interesting from an investment perspective. Though prices have broadly been rising since Q1 2012, they remain some 22.4% below their peak value in 2006. For property investors, this means the chance to invest in real estate that could well increase in value at quite a pace over the years ahead.

At Chandler Oaks in South Carolina, just 45 minutes from the huge financial hub of Charlotte over the border in North Carolina, the potential for returns is certainly exciting, with investment from $48,671 and a minimum of 11.4% gross yield for two bed apartments. Fully tenanted and fully managed by a local property management company, the development is proving extremely popular, with 70% of the apartments already snapped up.

Buy-to-let in Berlin

Back in Europe, Germany is another country that is the focus of buy-to-let investors’ attention. The market in Berlin has some interesting characteristics, including rising rents (even with rent controls in place) and low property prices. Stadtpark Steglitz is a collection of studio, one, two and three bedroom apartments spread across three buildings in the south west of Berlin. Investment prices start from €109,000, with gross yields up to 5.6% realistically expected.

According to the Economist’s House Price Index report, home values in Germany were largely immune to the global financial crisis that started in 2006/07. In fact, prices there have remained fairly stable since the mid-1990s. It is only since around Q1 2009 that they have begun to rise steeply. Between then and Q4 2014, house prices shot up by 22.8% in Germany, delighting those who had already invested in property there and causing other investors to pay cities like Berlin some serious attention.

For further details, visit or call the team on +44 1865 202 700.

Value of foreign investment in US homes rockets, latest report reveals

Value of foreign investment in US homes rockets, latest report reveals

United States
  • Value of US home sales to foreign buyers jumps 13% (NAR)
  • Currency fluctuations in Europe pushing investors to the US (Property Frontiers)
  • Chinese buyers now top list of foreign investors in US (NAR)

According to the National Association of Realtors (NAR), around 4% of US homes (209,000 houses) were bought by foreign buyers between April 2014 and March 2015. The figure represents a 10% drop over the previous year, due to the strength of the dollar. However, while the volume of purchases by overseas buyers may have diminished, the value has shot up by 13%, from $92.2 billion in 2013/14 to $104 billion in 2014/15.

So, who’s buying in the US?

For the first time, buyers from China have topped the list of foreigners buying up US real estate, knocking the Canadians off the top spot. It’s something that those in the industry have expected for several years, as Ray Withers, Chief Executive of leading property investment specialists Property Frontiers, explains,

“We’ve seen a growing trend of Chinese buyers purchasing US real estate for several years. The NAR’s 2014/15 Profile of International Home Buying Activity has shown they are now not only the largest purchasers by volume (at 16%), but also by value, with an average spend of $831,300. As a group, Chinese buyers like high end investment properties in prestigious locations, so there’s a lot of focus on cities like New York and LA, though their interests extend right the way across the US.”

Canadian buyers still accounted for 14% of homes bought by foreign buyers during 2014/15. Buyers from Mexico, India and the UK also accounted for substantial proportions of the overall number of houses purchased.

A stable base

“With currency wobbles in Europe, the US provides a stable playing field for investors,” continues Withers. “The dollar may be strong, but in an uncertain market that can be a positive attraction for many investors. It’s about playing the long game, not making a risky overnight profit that could backfire significantly.”

Withers cites Chandler Oaks in the South Carolina city of Gaffney as an example of what investors are looking for from the US market. The development consists of one and two bedroom apartments designed for students and young professionals to rent. With rents on the rise in the US, this type of investment is much in demand – 70% of the apartments at Chandler Oaks have already sold out. Rents in the US have risen 3.7% year on year, with Zillow’s March data showing that annual rental growth exceeded annual house price growth in 17 of the largest metro areas of the US during March.

Rising rents are good news for investors looking for strong yields. At Chandler Oaks, a minimum of 11.4% gross yield is offered for the two bedroom apartments, thanks to a contract with a local college that will provide tenants to May 2019. Underwritten income of 8% NET is also in place until the start of 2020.

These strong yields are one reason that foreign buyers look to US, as they can generate greater income than they could on similar properties back home. Local property restrictions also come into play – in Beijing, the maximum property ownership limit is two homes, even for investment purposes, hence the cash purchase of so many homes in the US.

Whatever their individual reasons, investors turning to the US are looking for stable investment opportunities with healthy returns, exactly like Chandler Oaks. Investment there is available from $48,671 for a one bedroom apartment.

For further details, visit or call the team on +44 1865 202 700.

Top of the Props: Demand for UAE property hits nine-month high

Top of the Props: Demand for UAE property hits nine-month high

Dubai Italy Spain Thailand United Arab Emirates United States
  • Demand for UAE property hits nine-month high
  • Spain remains world’s most popular property destination
  • Demand for Italian property up
  • Thailand attracts more overseas buyer

Demand for property in the UAE has hit a nine-month high, according to new research from Buyers continue to flock to Europe, but investors are equally keen to buy in Dubai, reveals the portal’s latest Top of the Props report, with the federation re-entering the world’s top 10 destinations.

Spain was the world’s most popular country in March 2015 for the second month in a row, according to’s Top of the Props report. Spain’s bottoming out prices and the weak euro has prompted a surge in interest from overseas buyers keen to snap up a holiday home bargain. This is the third time in four months that Spain has been the most popular country on

The USA rebounded back from its drop in the previous month, with its share of enquiries jumping from 4.66 per cent to 7.2 per cent. That rebound was enough to see the country leapfrog into second place. The appeal of South America weakened, as Brazil slipped from second into sixth, just above France, which dropped one place into seventh.

Thailand continued its climb up the charts: after rising from eighth to seventh in February 2015, March saw its share of enquiries increase even further to 3.95 per cent, taking the country up three spots to fourth.

One of March’s highest climbers was the UAE, which rose from 15th place into 11th in February 2015, before rising up March’s ranks for a second month in a row. The UAE is now the eighth most popular destination on, its best ranking since June 2014. This is only the third time it has been inside the Top 10.

The UAE’s popularity is fuelled by Dubai, which accounted for almost all of the enquiries. The market has cooled in recent months, partly as a result of higher transfer fees introduced to cap speculative investment, but demand continues to improve on Enquiries for UAE real estate were 32 percent higher in 2014 than 2013, although they remain 45 per cent below the levels recorded during the 2008 market peak.

2015 has seen that trend continue, with enquiries up 72 per cent in real terms in Q1 2015 compared to Q4 2014. In the first three months of the year, the UAE was the 10th most popular destination on, ahead of Cyprus and Greece. Director Dan Johnson comments: “Even after the soaring price rises of recent years, Dubai property values are still below peak values, according to Cluttons. Combined with a lack of inheritance tax and the appeal of rental income, demand for property in the emirate remains strong, even following a slight market cooldown.

“The UAE currency is pegged to the dollar, which has made it more expensive for European buyers, while the rouble’s plunge has hampered Russian interest, but interest is still high on from Chinese buyers, as well as Indians, Brits, Americans, Canadians, and other investors from the Middle East and Hong Kong. In just three months of 2015, the UAE has already received more than 60 per cent of 2011’s total number of enquiries.”

Europe, though, remains the primary driver of activity on in 2015, with three out of March’s five top destinations located in the eurozone. Interest in Italian property soared in March 2015, climbing three places to account for 3.19 per cent of enquiries, while Portugal returned to the top three destinations for the fifth time in the past six months. Portugal now accounts for 1 in every 20 (5.85 per cent) enquiry on the site.

— ENDS —

Notes to Editors

About Lead Galaxy and

Founded in 1999, is the leading independent website for international property, with more than 800,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners. is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.

The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.


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Here come the international property buyers of the future – Namaste, India!

Here come the international property buyers of the future – Namaste, India!

India Portugal Spain United States , ,
  • Indian economic growth set to overtake China by 2016/17 (IMF)
  • Spain received 80,000 Indian visitors during 2014 (Tourism Office of Spain in Mumbai)
  • New Indian government reforms eagerly awaited by property sector professionals

The international property sector has been hungry for Chinese buyers in recent years, with countries such as Spain and Portugal courting them through golden visa programmes and tempting tax incentive schemes. From second homes in the sunshine to hotel rooms for oil workers on the frozen plains of North Dakota, Chinese buyers have been flooding the property investment market with their money.

“The Asian market has been hugely important over the past few years,” comments Robert Gavin, Group CEO of NDD Group, which specialises in high end workforce accommodation solutions like the Transhudson Hotel – Parshall in the US state of North Dakota. “Demand remains strong and we have opened offices in both Singapore and China in order to manage the appetite there for US property purchases.”

But it seems that a new contender could be on the horizon for the international property sector’s affections. A recent report from the International Monetary Fund (IMF) has revealed that India’s growth rate is expected to put it ahead of China within the next two years. India’s domestic growth rate was 5.8% in 2014, compared with 7.4% for China, but 2015 should see the two coming much closer together, with India growing at 6.3% this year and at 6.5% in 2016.

Of course, a growing economy won’t necessarily mean an immediate outpouring of money from India, but it is certainly enough that property professionals with an eye on the long-term future of the sector are getting ready to say Namaste to Indian buyers.

“We have seen enquiries from Indian clients already settled in the UK beginning to creep up, as they look for second homes in the Algarve,” comments Chris White, founding director of boutique estate agency Ideal Homes Portugal, “And the Indian market is definitely one that we hope to attract buyers from in the future. It’s going to be an interesting few years ahead as we see the difference that rapid economic growth and the long-awaited reforms make on Indians’ desire and ability to purchase property overseas.”

Spain, too, can see the potential on the horizon so far as India is concerned. Martin Dell, director of leading Spanish property portal,, which lists more than 175,000 homes from 2,500 estate agents, explains,

“Spain is one of the most popular countries in Europe when it comes to second home ownership by foreigners and prices here are low enough to tempt buyers from across the globe right now, particularly in light of recent currency fluctuations. The shifts in policy from the Reserve Bank of India over the past couple of years have impacted on markets around the world, but if things continue in the current vein then we should see Indian buyers having an increasingly important impact on global property markets.”

The shifts that Martin Dell refers to relate to the lifting of the cap on outward remittances from India and on the annual increase of the annual investment ceiling for those buying property overseas. The ceiling was increased from $75,000 to $125,000 per year under the Liberalized Remittances Scheme.

During 2014, some 80,000 Indian tourists visited Spain according to figures from Ignacio Ducasse, Director and Tourism Counsellor, Tourism Office of Spain in Mumbai. He comments,

“We see the interest of Indian travellers in Spain growing year on year. Out of the 65 million international tourist arrivals, India is a prominent emerging source market for Spain. We see a huge growth potential in the Indian market and the Indian visitor is also a high-quality long-haul tourist who stays for about seven nights and indulges in high-end shopping.”

With a taste for high-end shopping and a love of Spain, purchasing luxury property there seems a natural progression, continues Kyero’s Martin Dell,

“There’s huge potential for India to become a growth market so far as Spanish property is concerned. It’s a market that companies should ignore at their peril. Just as we have seen Chinese money flood the market, it is possible that Indian money will do the same over the next decade. India is definitely the country to watch right now.”

While it remains to be seen if India is indeed the new China, the indications are certainly that it could be. Only time will tell.

For more information please contact:

NDD Group: +44 (0) 845 053 7498 or

Ideal Homes Portugal: +44 800 133 7644 or +351 289 513 434 or

NDD Group is not soliciting purchasers in the United States at this time.  Nothing contained in this website or in any other materials distributed by NDD Group shall be deemed to constitute an offer to sell, or the solicitation of an offer to purchase,  a unit or interest in any of our projects.

The new Silicon State: Florida boosted by medical cash injection

The new Silicon State: Florida boosted by medical cash injection

United States
  • Visit Florida bringing new $2.5 million grant to state’s medical tourism industry
  • Set to dramatically grow demand for local housing stock for both visitors and workers
  • Brookes & Co’s The Club at Sunset Lake offers chance to capitalise on investment opportunity

Tourism has long-since been Florida’s economic mainstay, with the state – and it’s vacation-epicentre of Orlando – becoming synonymous with Micky Mouse, theme parks, year-round sunshine, beautiful beaches and family holidays. Yet, the Sunshine State is not resting on its laurels, not content just to be the world’s entertainment forerunner, a new money-maker is in town and it is set to shake the region’s tourist industry up.

In an unparalleled move by Visit Florida, the state’s tourism body, a brand new $2.5 million grant programme has been announced to support the growth of the state’s medical tourism industry, setting Florida up as the go-to US destination for medical procedures, including cosmetic surgery. The new grant will be used to greater promote the medical tourism services on offer in Florida, as well as to encourage more medical professionals to make the state the location of choice for their industry meetings, conferences and training courses, in turn boosting the sector considerably in a move that is the first of its kind.

This boost is set to see a dramatic effect on the local economy, bolstering the state’s finances directly through spending but also by expanding the need for housing stock, be it for those visiting or for the increasing number of workers being employed in the medical industry in the vicinity.

Not only looking to attract domestic US medical tourists, the new approach for the Florida tourism industry is also aiming to attract worldwide visitors looking to marry their medical procedures with the confidence of being treated in the US and the relaxed atmosphere and warm climate of the ever-popular Sunshine State. And cosmetic surgery in the US is increasingly big business. According to the American Society for Aesthetic Plastic Surgery (ASAPS), the number of such procedures grew by 6.5% from 2012 to 2013, with Transparency Market Research (TMR) revealing that the CAGR (compound annual growth rate) is due to increase by a staggering 17.9% from 2013 to 2019 globally.

With the South Atlantic Region that includes Florida making up some 19% (310,441) of the country’s total cosmetic procedures in 2013, up 1% on 2012’s figure of 292,579 (according to ASAPS), and the injection of the new grant on the horizon, this is set to expand on a large scale for the new ‘Silicon State’. Philip Button, Managing Director of leading property investment company, Brookes & Co, who have been working in the Florida market for over a decade, explains,

“There is no denying that in today’s body-conscious society, cosmetic surgery is big business and with current estimates stating that $5.2billion is already being spent by 375,000 of the US population on medical tourism in Florida, it is clear that the Sunshine State has more to offer than just the traditional fun-in-the-sun image it has become world-renowned for. And with $2.5 million set to be injected into the market to further develop this potential, the opportunities for growth are immense.”

And Florida is already making inroads into this growth. The ground-breaking 650 acre Lake Nona Medical City, being developed in Orlando that is due to be completed in 2017, is not only on track to create 30,000 jobs but also to generate $7.6 billion wealth for the economy, an undeniable impact. The results of this are that not only are there increasingly ample opportunities for investment in the Florida property in market for renting to visiting medical tourists but also for savvy investors to buy into the domestic market set to boom as a result of the growing jobs in the sector.

One such project that illustrates this growth opportunity is Brookes & Co’s Orlando project, The Club at Sunset Lake, whose successful first phase that sold out in record time can in part be attributed to the close proximity to Lake Nona Medical City. Seeing the launch of a highly anticipated phase two of the development, now is the opportune time for buyers to secure their part of this investment project that offers a 5-year rental guarantee with a 6% return after all costs.

The Club at Sunset Lake has been designed to meet the needs of Florida residents who are seeking rental properties of a superior standard, whilst being close to all amenities and boasting facilities of the highest quality. The luxurious facilities, including an exclusive club house and swimming pool, fitness centre and spa, sports courts and cycle paths, as well as a lake-front park and picnic area, ensure that The Club at Sunset Lake makes the most of its beautiful setting. The spacious two, three or four bedroom properties are priced from £96,950, the larger also with garages.

For more information about The Club at Sunset Lake and buying in Florida, contact Brookes & Co on +44 1621 875 925, email or visit 

What a difference two years makes! Florida rises fast in the rankings as market flourishes

What a difference two years makes! Florida rises fast in the rankings as market flourishes

United States
  • Florida rises 15 places in ‘24/7 Wall St Best and Worst Run States in America’ rankings from 42nd in 2012 to 27th in 2014
  • Florida placed fifth in a ranking of the best business climates in the US (Tax Foundation’s State Business Tax Climate Index)
  • Brookes & Co offering excellent opportunity to invest in growing market through The Club at Sunset Lake

Just two years ago, in 2012, prospects for the US’ ‘Sunshine State’ were less than bright, with skies having clouded over during the economic downturn and no real signs of a break in the grey. The state was placed at 42nd in the ‘24/7 Wall St Best and Worst Run States in America’ rankings, with economic recovery seeming little more than a glimmer of hope on the distant horizon. Yet just two years on, Florida has risen 15 places in the rankings to take its place at 27th. Having moved up ten places in the last year alone, the state has made confident strides in this important ranking that measures key financial ratios, as well as social and economic outcomes and in turn provides a thorough measure of the monetary health of America’s states, some would say ‘the state of the states’.

Yet these are not the only encouraging signs for Florida as it progresses in leaps and bounds. Debt per capita has dropped to $1,952 – the ninth lowest in the country – and the state has been awarded credit ratings of AAA by S&P and Aa1 by Moody’s. The Tax Foundation’s State Business Tax Climate Index has also recognised Florida’s progress of late, placing it fifth in a ranking of the best business climates in the US. Though the current unemployment rate, at 7.2%, remains a little above the national average, it has contracted massively over the past two years and Florida is today seen by many as an excellent place to do business.

Florida is not, however, merely a place in which to work, although many do commute to the region for business purposes, many others relocate to the state for employment reasons in a permanent move that in turn has a knock-on effect on the domestic property market. For according to the 24/7 Wall St report, 3.2% of Florida’s population had migrated to the state since mid-2010, as Philip Button, Managing Director of leading property investment company, Brookes & Co, explains,

“Some 600,000 people from other states and from overseas have moved to Florida within the last few years and this influx has put pressure on the region’s housing resource. Professionals moving into the area seek out accommodation that meets their standards and this in turn provides excellent opportunities, growing opportunities as the workforce grows, for investment in the domestic property market.”

Brookes & Co’s recently launched Florida project, The Club at Sunset Lake is situated in Orlando and offers exactly this kind of opportunity to invest in the flourishing domestic market. The project has been designed to meet the needs of Florida residents who are seeking rental properties of a superior standard, whilst being close to all amenities and boasting facilities of the highest quality.

The luxurious facilities, including an exclusive club house and swimming pool, fitness centre and spa, sports courts and cycle paths, as well as a lake-front park and picnic area, ensure that The Club at Sunset Lake makes the most of its beautiful setting. Properties are spacious, the larger properties also with garages, and range through two, three and four bedroom properties.

Supporting the development of Florida’s high spec housing offering, the opportunity speaks to the strength of Florida’s recovery, with investors looking to be part of the Sunshine State’s future thanks to the progress that it has made in recent years. The state does still have some way to go, however, with house prices remaining some 16% lower than they were in 2009, according to 24/7 Wall St. With prices are rising, from a property investor’s perspective, this is good news, as depressed prices are likely to rise back to (and beyond) their former peak, meaning that those putting their money into the project can grow their capital over a period of several years, enjoying strong yields while they do so.

Properties at The Club at Sunset Lake are priced from £96,950 and the project offers a 5-year rental guarantee with a 6% return after all costs.

For more information about The Club at Sunset Lake and buying in Florida, contact Brookes & Co on +44 1621 875 925, email or visit