News

• 20 Aug 2010

  Established countries dominate property searches

  
  

  Spain, France, the US, Italy and Portugal account for the vast majority of all property searches, according to figures from Primelocation International.
  
  The nations were involved in 91 per cent of searches made via the company, demonstrating that property in Sicily, Florida property and Aquitaine real estate listings are still popular with buyers, reports Property Talk Live.
  
  This new figure is compared to 77 per cent of searches two years ago, suggesting people are favouring more established destinations over emerging countries.
  
  Ann Wright, international development manager of Primelocation International, told the news provider: "The continuing high levels of interest in international property remain stable, despite the fact that the July holiday season would normally see people drawn away from property searches. The flipside of that is the clear trend of potential buyers favouring the more established holiday destinations."
  
  Earlier this month, Les Calvert, director of Property Abroad, said that Spain offers property investors lots of opportunities.
• 13 Aug 2010

  World Cup and Olympics 'could create Brazilian property boost'

  
  

  People looking to invest in Brazilian property should focus on those cities which are most closely connected to the major up-coming sporting events, an expert has claimed.
  
  Danilo Canuto, executive director of the Association for Real Estate and Tourism Development (ADIT), told the Brazil Investment Guide that a total of 50 billion AUS (32 billion GBP) of projects have been planned for 12 key cities hosting events in the 2014 football World Cup and the 2016 Olympic Games.
  
  Key locations for investment could be Belo Horizonte, Brasilia, Cuiaba, Curitiba, Fortaleza, Manaus, Natal, Porto Alegre, Recife, Rio de Janeiro, Salvador and Sao Paulo.
  
  The emphasis being given to improving these locations' infrastructures is given as one of the major reasons why there is huge growth potential in these areas.
  
  Earlier this month, Macauhub.com reported that the Brazilian government is concentrating on spending 6.2 billion reais (2.2 billion GBP) on modernising the country's ports and airport ahead of the World Cup and Olympics.
   
• 06 Aug 2010

  Luxury hotels 'a growing market in Egyptian property'

  
  

  The upmarket hotel industry offers potential to investors in property in Egypt, according to a newspaper.
  
  Rebecca Bundham of the National reported how property investors have been able to take advantage of the fact that tourism in Egypt is now on the up, having suffered during the recession.
  
  Adviser Ayman Sami noted that as the euro strengthens against the Egyptian pound, more people are coming from the eurozone to holiday in the country.
  
  Fuat Koroglu, general manager of the new Kempinski Nile Hotel, told the paper that the general demographic of visitors to Egypt is shifting and that more "high end" customers are coming over to join the traditional budget travellers.
  
  He added that many hotel properties in Egypt cater for the upper end of the market but are in need of refurbishment due to their age.
  

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