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AZZURRA RED SEA
Sahl Hasheesh, Egypt
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FLORENZA KHAMSIN BEACH RESORT, RED SEA RIVIERA
Hurghada, Red Sea Riviera, Egypt
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PORTOADA PARK PHASE I
Pizzo, Italy
News
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16 Jul 2010
Turkish property market has enjoyed 'massive growth'
The Turkish property market has seen massive growth over the past two years, with sales increasing by 20 per cent since 2008, it has been claimed.
According to holiday experts Travelsoon, this rise has been further bolstered by the country's tourism trade, which has seen 44 million people visit during the first half of 2010.
Luke Nathan, who works for the company, says that Turkey has been thriving at the expense of Greece, with individuals able to enjoy a similar standard of living at a reduced cost.
"Since EU negotiations began with Turkey in 2005, it's been a lot easier for foreigners to buy property, and there's been something of a land rush ever since," he continues.
"That said, there's still a hefty bit of red tape to wade through, though there are a number of paid services that help you get your documents in order and speed up the process."
Individuals wanting to buy real estate in Mugla may be interested to know that currently there are now around 14,000 British-owned properties in the location.
The Turkish Culture and Tourism Office recently claimed that interest from holidaymakers to the destination was likely to continue all year round. -
09 Jul 2010
Brazil to restrict foreign land ownership
Property investors looking to buy land in Brazil are likely to face a tightening of restrictions relating to foreign ownership.
The government in the country is drawing up a series of tough new measures which will prevent overseas buyers from purchasing agricultural land because of food security issues.
According to ministry spokesperson Denise Mantovani, ten million acres of land in Brazil was registered to foreigners by 2008.
She explained that although the current law prevents the sale of land to non-Brazilian residents, it is often ignored.
"Foreigners often bypass that rule by setting up companies in Brazil, which are controlled abroad, to purchase land. This is a foreign company and this is what we want to control," said Ms Mantovani.
"We are going to draw up an amendment that will make it clear that foreigners can invest in any sector except land."
The news may be of interest to individuals looking to buy property in Mato Grosso, with agriculture playing a large part of the region's economy. -
02 Jul 2010
Bulgarian property prices continue to fall
Individuals interested in purchasing real estate in eastern Europe may be interested to learn that prices in the Bulgarian capital of Sofia have continued to fall throughout 2010.
According to a report by Colliers International, the rate of decline has slowed when compared to 2009, but still makes up an annual fall of 17 per cent.
Among the districts which saw the greatest falls in prices are Manastirski Livadi, Vitosha, Buxton, Krustova Vada, and Gotse Delchev, down 19 per cent an annual basis.
The study cited a large increase in supply and greater willingness from sellers to negotiate as the primary reasons for the decline in values.
Tatiana Emilova, manager at Colliers International Bulgaria, confirmed that the "increased choice of [housing] supply, together with alluring price tags and the readiness of vendors to offer flexible solutions with suitable credit conditions," was bolstering the market.
The news is sure to have an influence on the number of potential investors looking to buy Sofiya Property and capitalise on its current bargain prices.
