Greece is the first destination for visitors from all over world. It's natural beauties entrenched with beautiful islands like Santorini, ancient monuments, has been attracting people from years. Due to this reason Greece and its nearer islands are always crowded with tourists. Keeping the visitors requirement in mind numerous luxury hotels and villas have been located sothat a tourist can experience the comfort and the conveniences of luxury hotels easily. However, it has been observed that more and more people buying personal holiday villas in order to maintain privacy in their holiday tour, especially in Greek islands like Santorini.
The world famous island of Santorini is the southern most island of the Cycladic group in the Aegean Sea located 63 miles north of Crete. Its surface area is 73 sq. km and its population distributed among thirteen villages, just exceeds 13,000.
Santorini is one of the most beautiful and romantic islands on the planet and is an area with extreme historical interest since ancient times. Santorini distinguishes from the other islands of Cyclades due to its geological morphology. The cause of its existence is the explosion of the volcano thousands years ago. The presence Caldera and its unique view magnetize tourists to Santorini. It's romantic atmosphere attracts people to visit, get married and stay permanently in Santorini. It is a luxurious small complex of traditional villas with stunning costal views. The visit of Santorini will give you an unforgettable experience.
Santorini is a well-communicated island and can be reached from most international airports via Athens. The flying time from Athens to Santorini is approximately 40 minutes. Ferry boat service is another way to reach the island from the port of Piraeus, Crete and almost all the Cycladic islands. The boat trip takes approximately 7-9 hours depending on the ferry type and the ports of call.
In Santorini, you can experience typical mediterranean climate. The sun is generally remain long time throughout the year. It is relatively warm in dry summers and mild in winters. During the warm and dry season the weather is usually stable, the sky is clear, the sun is bright and there is generally no rainfall.
Santorini's famous beaches are spread out along the eastern and the south-eastern side of the island. Each beach possesses unique characteristics like black shining pebbles, unique land formations, black, white and red sand with unforgettable sceneries of the coastline In the south-eastern part of the island one will find the beaches of Monolithos, Avis and Kamari which are organized beaches mainly preferred by families with small children. Numerous hotels, restaurants, tavernas and small shops are located along the beaches, especially in Kamari. Water sports are offered at the beach of Avis, which attracts younger people.
Monolithos beach is located on the north part of the island and is 9 kilometers away from the capital, Fira. It is suitable for family vacations with children since it is a quite peaceful settlement. It also has an organized long beach with smooth gold sand, particularly shallow waters, a lifeguard and children's playground. The beach is long enough to allow you to play a variety of games such as volleyball, soccer and basketball. There is also a beach bar, while along the road there are many taverns with fresh fish from the nuts of the owners and delicious local cuisine. The bus stop is just few meters away, which connects Monolithos to Kamari and Fira. Monolithos is the closest beach to the center.
Buy your Dream Villa in Monolithos Beach
In Monolithos beach two similar Villas available, which are next to each other and located 30-40 meters away from the sea. Both villas can easily host a big family for either holidays or permanent stay. Both villas have a living room, a kitchen and a WC in the ground floor whereas in the first floor three bedrooms and a bathroom are located. Both in the ground and first floor exist spacious balconies where most of them have sea view. There also exists a basement where one may use it as a spare large storage area. Each villa has individual central heating as well. The main difference between the villas is that one of them has individual room for kitchen and living room use. On the other hand the other villa has a large room used for both kitchen and living room. Approximately 50 meters away exists a public children's playground and a few meters further than that starts the organized black beach of Monolithos. 100 meters away is the nearest bus station while the center of Santorini, Fira is only 7 kilometers away (10 minutes drive).
Buying a villa in Santorini has become a passion among retired personals those who want to spend the rest of their life in the lap of nature and want to stay far from the hustle and bustle of city life, Santorini villa is the best option for them. Santorini Villa will help them to get relaxed and to enjoy enthralling surroundings of the island.
An interested person can gather enough information about a holiday Villa in Santorini, Greece by searching through Internet. You can search in our website if you want to gather more information on property-in-Santorini.
This article is written by Dillip Kumar Barik in courtesy of Property-in-Santorini. Get required information on Villas in Monolithos beach near Santorini.
Article Source: http://EzineArticles.com/?expert=Dillip_K_Barik
Tuesday, 1 December 2009
Sunday, 18 October 2009
Costa Blanca Repossessions - How to Snap Up a Spanish Property Bargain
However, the irony is that as these Costa Blanca repossessions increase, there are more opportunities for property investors to snap up a Spanish property bargain. Costa Blanca repossessions are on the increase for several reasons. Firstly, in the early 2000's, many UK and European investors bought properties off plan in the expectation that they could then resell them immediately on completion to a third party, without having to pay the completion price. However, as supply of apartments and villas all along the coast exceeded demand, far from having bought the Spanish property bargain they had envisaged, many of these investors were left unable to sell their apartment or villa, and were forced to finance the remaining completion costs, which were usually around 70% of the purchase price. Quite often, making the payments on the mortgage for their investment property became burdensome, and many could not keep up with the repayments. As a result the bank took repossession proceedings against the property.
In another group of Spanish property purchasers were those who relied on a pension, or another source of income from the UK, in order to repay their mortgage on their property, which was in Euros. As the Euro strengthened against the pound sterling, each month they were getting less and less in Euros, and many struggled to make ends meet to . Thus many purchasers ended up having their properties repossessed, which contributed to the growing number of Costa Blanca repossessions.
Thus these reasons compound to offer a number of great opportunities for buyers wishing to pick up a Spanish property bargain as a result of these Costa Blanca repossessions. There are a multitude of properties to choose from which have been subject to repossession proceedings. From one bedroom apartments, up to multi million euro villas with sea views of the Mediterranean, the recession and credit crunch has affected everyone.
Richard Eastabrook is an experienced real estate agent in the Costa Blanca region of Spain. He has helped numerous investors find Spanish property bargains in the Costa Blanca and elsewhere in Spain, and he specializes in Costa Blanca repossessions.
Article Source: http://EzineArticles.com/?expert=Richard_Eastabrook
In another group of Spanish property purchasers were those who relied on a pension, or another source of income from the UK, in order to repay their mortgage on their property, which was in Euros. As the Euro strengthened against the pound sterling, each month they were getting less and less in Euros, and many struggled to make ends meet to . Thus many purchasers ended up having their properties repossessed, which contributed to the growing number of Costa Blanca repossessions.
Thus these reasons compound to offer a number of great opportunities for buyers wishing to pick up a Spanish property bargain as a result of these Costa Blanca repossessions. There are a multitude of properties to choose from which have been subject to repossession proceedings. From one bedroom apartments, up to multi million euro villas with sea views of the Mediterranean, the recession and credit crunch has affected everyone.
Richard Eastabrook is an experienced real estate agent in the Costa Blanca region of Spain. He has helped numerous investors find Spanish property bargains in the Costa Blanca and elsewhere in Spain, and he specializes in Costa Blanca repossessions.
Article Source: http://EzineArticles.com/?expert=Richard_Eastabrook
Buying Property in Turkey - Low Property Prices Are One of Many Turkish Delights
Turkey is a plentiful country which has coastlines with both the Mediterranean and the Black Sea as well as the Sea of Marmara and the Aegean Sea. Climates vary throughout Turkey and in winter there is sometimes snow in the huge and beautiful city of Istanbul which straddles the Bosphorus Straits. Istanbul is the only city in the world which lies across two different continents.
Although Turkey has a secular government in the form of a parliamentary democracy the country is to all intensive purposes Muslim with 95% of the population subscribing to that faith. Ankara is the capital of Turkey but as it is located in the centre of the country does not tend to attract so much property investment. The house prices in Turkey are very low compared to Western Europe. For instance you can get a four bedroom villa in Antalya which has views of both mountains and the sea for only £189,000 through The Move Channel Turkey. Antalya is a very attractive investment option because it is one of the fastest growing cities in Turkey and will always be valuable given how many beach resorts have sprung up in the area. Antalya has its own airport which is well connected to the rest of Europe with a number of charter flights. There is also a fine marina and intriguing old town.
In Bodrum there are fully furnished (with white goods) houses available which have three bedrooms and a large pool for only £165,000. Bodrum is a charming old town built around a medieval castle which was constructed by the Knights of Rhodes. Bodrum is a proud boating centre which holds an annual yachting race in October.
For only £83,000 you can get an apartment in Belek with a garden and large pool and a free golf membership thrown in. Estate agents are known as 'emlak' in Turkish.
As part of looking at property in Turkey, North Cyprus should also be considered. Since a 1974 invasion North Cyprus has been known as the Turkish Republic of Northern Cyprus. People have flocked to build houses there because of the cheap houses, expansive coast, wealth of beautiful historical buildings and welcoming inhabitants. However, buyers should beware as the land in still under dispute and the conflict has still not been resolved. That makes buying property in North Cyprus risky, even though many people are willing to take the risk due the inexpensive property prices.
The North Cyprus problem is one reason why Turkey has not as yet been allowed into the European Union, though they are a member of NATO and the UN. This has not stopped the property industry from thriving.
Ali Memet was commissioned to write this article for Turkish-carhire. Although not a professional journalist, Ali has extensive experience of the Turkey property market and the Car Hire Turkey market. He has worked for a Car Hire Antalya car hire Antalya firm as well as an estate agent based in that popular tourist city. Mr Memet wrote to Turkish car hire asking for a platform to submit his views on the changing face of the property market in Turkey. The car was supplied to him for free, fully insured and with a full tank of gas so he could research the article and submit it promptly.
Article Source: http://EzineArticles.com/?expert=Ali_Memet
Although Turkey has a secular government in the form of a parliamentary democracy the country is to all intensive purposes Muslim with 95% of the population subscribing to that faith. Ankara is the capital of Turkey but as it is located in the centre of the country does not tend to attract so much property investment. The house prices in Turkey are very low compared to Western Europe. For instance you can get a four bedroom villa in Antalya which has views of both mountains and the sea for only £189,000 through The Move Channel Turkey. Antalya is a very attractive investment option because it is one of the fastest growing cities in Turkey and will always be valuable given how many beach resorts have sprung up in the area. Antalya has its own airport which is well connected to the rest of Europe with a number of charter flights. There is also a fine marina and intriguing old town.
In Bodrum there are fully furnished (with white goods) houses available which have three bedrooms and a large pool for only £165,000. Bodrum is a charming old town built around a medieval castle which was constructed by the Knights of Rhodes. Bodrum is a proud boating centre which holds an annual yachting race in October.
For only £83,000 you can get an apartment in Belek with a garden and large pool and a free golf membership thrown in. Estate agents are known as 'emlak' in Turkish.
As part of looking at property in Turkey, North Cyprus should also be considered. Since a 1974 invasion North Cyprus has been known as the Turkish Republic of Northern Cyprus. People have flocked to build houses there because of the cheap houses, expansive coast, wealth of beautiful historical buildings and welcoming inhabitants. However, buyers should beware as the land in still under dispute and the conflict has still not been resolved. That makes buying property in North Cyprus risky, even though many people are willing to take the risk due the inexpensive property prices.
The North Cyprus problem is one reason why Turkey has not as yet been allowed into the European Union, though they are a member of NATO and the UN. This has not stopped the property industry from thriving.
Ali Memet was commissioned to write this article for Turkish-carhire. Although not a professional journalist, Ali has extensive experience of the Turkey property market and the Car Hire Turkey market. He has worked for a Car Hire Antalya car hire Antalya firm as well as an estate agent based in that popular tourist city. Mr Memet wrote to Turkish car hire asking for a platform to submit his views on the changing face of the property market in Turkey. The car was supplied to him for free, fully insured and with a full tank of gas so he could research the article and submit it promptly.
Article Source: http://EzineArticles.com/?expert=Ali_Memet
Is Now the Right Time to Buy a Property in France?
What's been happening recently?
Things have definitely changed over the last 3-4 weeks and it seems that now may be the right time to buy a property in France.
Activity levels have picked up fairly sharply both in terms of inquiries and client visits. What's interesting is that this has also filtered down into offers and sales.
I've just looked through my stats and can tell you that in the last 5 weeks I've had 9 sets of clients over from the UK and Ireland. This may mean nothing to you but when I tell you that out of those 9 sets of clients, 8 have made offers on properties you can see why I'm feeling optimistic.
I worked for 13 years as a central London Estate Agent and I can tell you that even there those conversion rates are fantastically high.
Why is this?
This of course is the multi million pound question and I don't claim to be an economist but I can tell you this.
The word on the street in the UK is that things have improved in many sectors. I have friends working in Estate Agency in central London who tell me that the last 4 weeks have shown a big improvement and they are generally very busy. One friend just posted his end of month figures for May which showed a very respectable number, even for a regular market.
So people are feeling more optimistic in the UK. France is the same, although it didn't seem to hit here quite as badly anyway but that's another story.
I have been banging on at sellers for what seems to be ages and ages to get realistic with their prices over here and it seems as though people are now beginning to wake up to reality. Other agents here are following suit so now I'm not the only one "Preaching the gospel".
This has meant a shift in the quality of property for sale in this part of France for the better. Sure, there's still a lot of rubbish out there but more and more good properties are coming on to the market at realistic prices and more and more of these are selling. Buyers need to be excited by property. They want to buy but need to feel like they are buying well in order to make a commitment.
What are people buying?
I suppose it's the same old mantra here really. Quality, location and character.
A quality property doesn't have to be something that's been done up to the nines, it might need everything doing to it but still be a "Good" property.
The biggest demand we have is for properties in pretty villages with a bit of life and a bit of commerce within a short drive of a proper town such as Pezenas. Pezenas works very well as it's kind of in the middle of everything.
Within 20-30 mins of the beach
Within an hours drive of 5 airports
Within 30 mins drive of the hills
It's got the best weather in this part of France
Montpellier is around 35 mins away
Beziers is 20 mins away
You can drive to the ski slopes of the Pyrenees in under 3 hours
You can drive to the Alpes in 5 hours
It's easy to see why this part of the Languedoc is so popular.
Character properties have always been a favourite here as this part of France is steeped in history and us Brits like nothing better than a good bit of stone, brick and wood with a few stories behind it.
I would say that 75% of my buyers are looking for an old stone property with wooden beams and the character of the old Mediterranean. However, this type of house with a garden is pretty hard to find so probably around 50% of buyers end up going for something different in order to buy into the whole private swiming pool thing. Let's be honest, going to the beach is fab but there's something rather special about having your own swimming pool.
What else is selling?
The other types of properties that are doing well are a select group of high quality developments that are being built and/or planned at the moment.
The Domaine de Lavagnac is attracting a lot of attention at the moment. This development was only launched a few weeks ago but has already attracted a lot of people to put down deposits and sign reservation forms. The Domaine de Lavagnac offers a stunning combination of 18 hole golf course and 400 year old Chateau set among 192 hectares of unspoilt woodlands and vineyards. The icing on the cake? A guaranteed return of 7% for the first bunch of reservations, but hurry as the 7% deal is a limited offer.
Another fabulous development that is attracting a lot of interest is the Chateau les Carrasses project near Beziers. This beautiful old Chateau with it's on site winery is being transformed into 28 high end units ranging from 1 bed apartments to family sized houses with private swimming pools. It's a different concept to the Lavagnac leaseback solution and is being bought for different reasons but again it's a high end development that has taken a good number of reservation deposits in its opening weeks.
Where is the market going to go now?
If I could answer this I would be writing this newsletter from a yacht in the Caribbean instead of my office in Pezenas. I can tell you that I don't think prices are about to start going up anytime soon but it does look as though they've stopped going down.
It seams as though the clever money is starting to invest again and that's always a good sign. Generally speaking, someone doesn't have £500,000 sitting in a savings account in cash unless they've made a few wise calls in their time.
So is it the right time to buy? Yes. I think it is. My advice is to jump on a plane and grab a good deal before someone else does.
Happy house hunting
Simon Kerridge
Simon Kerridge is owner of the French based property company, Languedoc Property Finders.
Experts at finding Property in Pezenas and the Languedoc area of France. Please visit the website: Languedoc Property Finders or call Simon on 00 33 467 00 11 71.
Article Source: http://EzineArticles.com/?expert=Simon_Kerridge
Things have definitely changed over the last 3-4 weeks and it seems that now may be the right time to buy a property in France.
Activity levels have picked up fairly sharply both in terms of inquiries and client visits. What's interesting is that this has also filtered down into offers and sales.
I've just looked through my stats and can tell you that in the last 5 weeks I've had 9 sets of clients over from the UK and Ireland. This may mean nothing to you but when I tell you that out of those 9 sets of clients, 8 have made offers on properties you can see why I'm feeling optimistic.
I worked for 13 years as a central London Estate Agent and I can tell you that even there those conversion rates are fantastically high.
Why is this?
This of course is the multi million pound question and I don't claim to be an economist but I can tell you this.
The word on the street in the UK is that things have improved in many sectors. I have friends working in Estate Agency in central London who tell me that the last 4 weeks have shown a big improvement and they are generally very busy. One friend just posted his end of month figures for May which showed a very respectable number, even for a regular market.
So people are feeling more optimistic in the UK. France is the same, although it didn't seem to hit here quite as badly anyway but that's another story.
I have been banging on at sellers for what seems to be ages and ages to get realistic with their prices over here and it seems as though people are now beginning to wake up to reality. Other agents here are following suit so now I'm not the only one "Preaching the gospel".
This has meant a shift in the quality of property for sale in this part of France for the better. Sure, there's still a lot of rubbish out there but more and more good properties are coming on to the market at realistic prices and more and more of these are selling. Buyers need to be excited by property. They want to buy but need to feel like they are buying well in order to make a commitment.
What are people buying?
I suppose it's the same old mantra here really. Quality, location and character.
A quality property doesn't have to be something that's been done up to the nines, it might need everything doing to it but still be a "Good" property.
The biggest demand we have is for properties in pretty villages with a bit of life and a bit of commerce within a short drive of a proper town such as Pezenas. Pezenas works very well as it's kind of in the middle of everything.
Within 20-30 mins of the beach
Within an hours drive of 5 airports
Within 30 mins drive of the hills
It's got the best weather in this part of France
Montpellier is around 35 mins away
Beziers is 20 mins away
You can drive to the ski slopes of the Pyrenees in under 3 hours
You can drive to the Alpes in 5 hours
It's easy to see why this part of the Languedoc is so popular.
Character properties have always been a favourite here as this part of France is steeped in history and us Brits like nothing better than a good bit of stone, brick and wood with a few stories behind it.
I would say that 75% of my buyers are looking for an old stone property with wooden beams and the character of the old Mediterranean. However, this type of house with a garden is pretty hard to find so probably around 50% of buyers end up going for something different in order to buy into the whole private swiming pool thing. Let's be honest, going to the beach is fab but there's something rather special about having your own swimming pool.
What else is selling?
The other types of properties that are doing well are a select group of high quality developments that are being built and/or planned at the moment.
The Domaine de Lavagnac is attracting a lot of attention at the moment. This development was only launched a few weeks ago but has already attracted a lot of people to put down deposits and sign reservation forms. The Domaine de Lavagnac offers a stunning combination of 18 hole golf course and 400 year old Chateau set among 192 hectares of unspoilt woodlands and vineyards. The icing on the cake? A guaranteed return of 7% for the first bunch of reservations, but hurry as the 7% deal is a limited offer.
Another fabulous development that is attracting a lot of interest is the Chateau les Carrasses project near Beziers. This beautiful old Chateau with it's on site winery is being transformed into 28 high end units ranging from 1 bed apartments to family sized houses with private swimming pools. It's a different concept to the Lavagnac leaseback solution and is being bought for different reasons but again it's a high end development that has taken a good number of reservation deposits in its opening weeks.
Where is the market going to go now?
If I could answer this I would be writing this newsletter from a yacht in the Caribbean instead of my office in Pezenas. I can tell you that I don't think prices are about to start going up anytime soon but it does look as though they've stopped going down.
It seams as though the clever money is starting to invest again and that's always a good sign. Generally speaking, someone doesn't have £500,000 sitting in a savings account in cash unless they've made a few wise calls in their time.
So is it the right time to buy? Yes. I think it is. My advice is to jump on a plane and grab a good deal before someone else does.
Happy house hunting
Simon Kerridge
Simon Kerridge is owner of the French based property company, Languedoc Property Finders.
Experts at finding Property in Pezenas and the Languedoc area of France. Please visit the website: Languedoc Property Finders or call Simon on 00 33 467 00 11 71.
Article Source: http://EzineArticles.com/?expert=Simon_Kerridge
Regions to Invest in Turkey
The irresistible temptation of the Turkish property market is driving increasing numbers of potential investors to look at the most ideal regions of the country to purchase. For strong growth and yield potential, the preferred coastal touristic areas offer excellent choices.
Turkey has actually surpassed Spain as the most sought after destination for British holiday makers, with Bodrum and Kuasdasi at the top of their lists. As a year-round touristic destination, the coastal areas feature a conservative estimate of 8 months rental potential each year.
Bodrum is located on the southern coast where the Mediterranean meets the Aegean Sea. Emerging from a sleepy fishing village, the town developed over the past 50 years into an artistic community. Attracting the initial wave of mass tourism in the 80s, the community had already established itself as a cultural centre for Turkish arts.
The preferential Mediterranean climate of Bodrum, combined with its stunning picturesque surrounds, assisted with the growth of the touristic market. The inviting sea surrounding the town's sheltered bay features stunning deep dark blue to crystal and inviting turquoise waters.
Bodrum has developed into one of the most sought after Turkish resort towns, with a cosmopolitan international marina filled with modern and traditional Turkish yachts. The picturesque village is growing at a rapid pace with capital appreciation in recent years reaching 25%. The demand for rental properties has enabled owner's yields of around 7% net per annum.
The most popular resort town of Turkey is Kusadasi on the western coast, bordering the Aegean Sea. Acting as a main port of entry for cruise ships, the town enjoys full services of modern infrastructure and a steadily growing foreign residential population. Considered to be one of the most preferential and charming towns along the Aegean, the town has developed all of the required services for mass tourism and high demand.
Along with the multitude of private and commercial yachts dotting the harbour, several ferry services actively visit the port. Daily transport to the near-by Greek islands offer visitors to Kusadasi enjoyable day trips and island hopping holiday options. The high demand for property in the town has started to drive up property prices due to the protection of surrounding land, creating a limited supply for future construction.
The Mediterranean climate with year round sunshine in both Bodrum and Kusadasi create continuous attraction. The demand for properties is steadily rising in line with the capital appreciation gains, amidst each town's peaceful atmosphere. Future growth is assured with the preferential touristic and re-location benefits of these first class resorts.
Property Investing Overseas provides extensive experience dealing with and on behalf of property investors throughout the world. We offer clients unbiased information on portfolios, regions and international markets. Our extensive experience within the global property investment sector enables us a prime position, ideal for identifying agents and developers operating in a professional manner. This ensures our clients receive full knowledge prior to entering any property investment purchase with our collaborating agents and developers. Visit our partner site at http://www.propertyinvestingturkey.com
Article Source: http://EzineArticles.com/?expert=Melissa_Chappell
Turkey has actually surpassed Spain as the most sought after destination for British holiday makers, with Bodrum and Kuasdasi at the top of their lists. As a year-round touristic destination, the coastal areas feature a conservative estimate of 8 months rental potential each year.
Bodrum is located on the southern coast where the Mediterranean meets the Aegean Sea. Emerging from a sleepy fishing village, the town developed over the past 50 years into an artistic community. Attracting the initial wave of mass tourism in the 80s, the community had already established itself as a cultural centre for Turkish arts.
The preferential Mediterranean climate of Bodrum, combined with its stunning picturesque surrounds, assisted with the growth of the touristic market. The inviting sea surrounding the town's sheltered bay features stunning deep dark blue to crystal and inviting turquoise waters.
Bodrum has developed into one of the most sought after Turkish resort towns, with a cosmopolitan international marina filled with modern and traditional Turkish yachts. The picturesque village is growing at a rapid pace with capital appreciation in recent years reaching 25%. The demand for rental properties has enabled owner's yields of around 7% net per annum.
The most popular resort town of Turkey is Kusadasi on the western coast, bordering the Aegean Sea. Acting as a main port of entry for cruise ships, the town enjoys full services of modern infrastructure and a steadily growing foreign residential population. Considered to be one of the most preferential and charming towns along the Aegean, the town has developed all of the required services for mass tourism and high demand.
Along with the multitude of private and commercial yachts dotting the harbour, several ferry services actively visit the port. Daily transport to the near-by Greek islands offer visitors to Kusadasi enjoyable day trips and island hopping holiday options. The high demand for property in the town has started to drive up property prices due to the protection of surrounding land, creating a limited supply for future construction.
The Mediterranean climate with year round sunshine in both Bodrum and Kusadasi create continuous attraction. The demand for properties is steadily rising in line with the capital appreciation gains, amidst each town's peaceful atmosphere. Future growth is assured with the preferential touristic and re-location benefits of these first class resorts.
Property Investing Overseas provides extensive experience dealing with and on behalf of property investors throughout the world. We offer clients unbiased information on portfolios, regions and international markets. Our extensive experience within the global property investment sector enables us a prime position, ideal for identifying agents and developers operating in a professional manner. This ensures our clients receive full knowledge prior to entering any property investment purchase with our collaborating agents and developers. Visit our partner site at http://www.propertyinvestingturkey.com
Article Source: http://EzineArticles.com/?expert=Melissa_Chappell
Paphos Property the Ideal Holiday Retreat
There really has never been a better time to buy Paphos property whether you are looking for a luxury beach front apartment or even an exclusive villa with it's own swimming pool. Situated on the west coast of Cyprus a short drive from the boarder with Northern half of the Island Paphos is ideally placed for easy access to the rest of the countries many places of interest and all the commercial centers too including the capital Nicosia. Unlike many of the nearby Greek Islands Cyprus has a modern motorway network that links up all the main resorts and towns making driving there a pleasure rather than a chore. Another great benefit of owning Paphos property is the towns growing reputation as an all year resort. In fact the Cyprus tourist board has recently embarked upon a major advertising campaign emphasizing the Islands status as a year round holiday resort. This is great news for Paphos property owners looking to make a rental return on their property investments in the area whilst they are not using their house or apartment themselves.
The bustling holiday resort and town has more than enough to keep holiday makers or residents alike occupied throughout the year which may go some way towards explaining why so many people purchase a permanent home there. Then again, it could perhaps have something to do with the wide variety of properties and diverse locations that the Paphos area has to offer. As you would expect there are plenty of new build luxury villas and apartments on offer right on the resort itself which makes them ideal for holiday homes or even rental investments. But there is a lot more to Paphos property than just sea front condo's and exclusive luxury villas with private pools if you are prepared to look a little deeper. Paphos is basically two towns in one the old and the new or Paphos and Kato Paphos as they are also known. The newer part is mostly around the resort area whilst the old town is built on the hill overlooking the sea. Property buyers can find some real gems tucked away on the older suburban streets just away from the hustle and bustle but still within walking distance of all the action.
The Paphos area also encompasses a large number of rural villages and small townships that have on the whole so far escaped the building bonanza that has gripped the rest of Cyprus in recent years. It's one area of the Island that is virtually littered with little villages that nestle at the base of the Troodas mountains and surrounding countryside almost forgotten. Life in these sun drenched corners of this Mediterranean paradise goes on much the same as it has done for many generations with land and farms being passed down from Farther to Son in the traditional Cypriot way. As the properties along the coast have become more expensive many buyers seeking that perfect Paphos property are turning their attention further inland and Cyprus property developers are rising to the challenge. So for buyers who want the benefits of village life with the luxury of all mod cons one of the many small new developments springing up in the area could be the answer. The Cypriot people are amongst the friendliest you could ever be fortunate enough to meet anywhere in the world and their warm welcome is a genuine one not just something they put on for money spending tourist. So the chances are that anyone buying a Paphos property in one of these outlying areas would be made most welcome by the locals.
It is highly likely that the cost of Paphos property will continue to rise in line with the rest of Cyprus so potential buyers will need to act soon if they want to save a substantial amount of money. The upside of course is that rental prices will probably rise also making that holiday home or investment property all the more worthwhile in the long term for buyers who act sooner rather than later. With so much to offer both holiday makers and residents few would argue that Paphos is probably one of the best locations in Southern Cyprus to take a holiday or even to live. Imagine all those long warm summer days when you will be able to take a leisurely stroll down to the pretty Medieval harbour and sit at one of the many cafe restaurants as the sun sets. Chatting with both the locals and the holidaymakers whilst taking in the view across the beautiful crystal clear waters of the warm Mediterranean Ocean or watching the setting sun as it drops behind the Troodas mountains. However you decide to spend your time in Cyprus your would do well to check out the potential of owning your very own Paphos property.
Kevin Moore owns and operates the Information Cyprus web site and spends most of the year at his home on the Island writing regular articles about this beautiful Mediterranean paradise. You can read more about Paphos Property Here
Article Source: http://EzineArticles.com/?expert=Kevinor_Moore
The bustling holiday resort and town has more than enough to keep holiday makers or residents alike occupied throughout the year which may go some way towards explaining why so many people purchase a permanent home there. Then again, it could perhaps have something to do with the wide variety of properties and diverse locations that the Paphos area has to offer. As you would expect there are plenty of new build luxury villas and apartments on offer right on the resort itself which makes them ideal for holiday homes or even rental investments. But there is a lot more to Paphos property than just sea front condo's and exclusive luxury villas with private pools if you are prepared to look a little deeper. Paphos is basically two towns in one the old and the new or Paphos and Kato Paphos as they are also known. The newer part is mostly around the resort area whilst the old town is built on the hill overlooking the sea. Property buyers can find some real gems tucked away on the older suburban streets just away from the hustle and bustle but still within walking distance of all the action.
The Paphos area also encompasses a large number of rural villages and small townships that have on the whole so far escaped the building bonanza that has gripped the rest of Cyprus in recent years. It's one area of the Island that is virtually littered with little villages that nestle at the base of the Troodas mountains and surrounding countryside almost forgotten. Life in these sun drenched corners of this Mediterranean paradise goes on much the same as it has done for many generations with land and farms being passed down from Farther to Son in the traditional Cypriot way. As the properties along the coast have become more expensive many buyers seeking that perfect Paphos property are turning their attention further inland and Cyprus property developers are rising to the challenge. So for buyers who want the benefits of village life with the luxury of all mod cons one of the many small new developments springing up in the area could be the answer. The Cypriot people are amongst the friendliest you could ever be fortunate enough to meet anywhere in the world and their warm welcome is a genuine one not just something they put on for money spending tourist. So the chances are that anyone buying a Paphos property in one of these outlying areas would be made most welcome by the locals.
It is highly likely that the cost of Paphos property will continue to rise in line with the rest of Cyprus so potential buyers will need to act soon if they want to save a substantial amount of money. The upside of course is that rental prices will probably rise also making that holiday home or investment property all the more worthwhile in the long term for buyers who act sooner rather than later. With so much to offer both holiday makers and residents few would argue that Paphos is probably one of the best locations in Southern Cyprus to take a holiday or even to live. Imagine all those long warm summer days when you will be able to take a leisurely stroll down to the pretty Medieval harbour and sit at one of the many cafe restaurants as the sun sets. Chatting with both the locals and the holidaymakers whilst taking in the view across the beautiful crystal clear waters of the warm Mediterranean Ocean or watching the setting sun as it drops behind the Troodas mountains. However you decide to spend your time in Cyprus your would do well to check out the potential of owning your very own Paphos property.
Kevin Moore owns and operates the Information Cyprus web site and spends most of the year at his home on the Island writing regular articles about this beautiful Mediterranean paradise. You can read more about Paphos Property Here
Article Source: http://EzineArticles.com/?expert=Kevinor_Moore
Buying Or Renting a Property In France
Places which can be easily accessed with car hire are Lyon, which is the one of the biggest cities in France, the Lake resort of Annecy and Chamonix which has excellent skiing opportunities. Because Lyon is very much a working city the price of property is inexpensive no matter what time of year you choose to go. According to PricewaterhouseCoopers and the Urban Land Institute, Lyon has just been voted the fifth best city in the world in which to invest. If you are looking for a luxury property in Lyon then the 6th Arrondissement is one of the more upmarket areas.
Compared with other alpine resorts Lake Annecy is not so expensive property-wise. If you are renting then prices will be higher during the ski season. Your purchase and rental choices include everything from villas, apartments, chalets and old stone houses. For 403,000 Euros you can buy a pretty semi-detached cottage which has amazing views out over the lake through property agent Leapfrog. In Chamonix there are wonderful chalets for sale which have six bedrooms and overlook the Massif du Mont Blanc. Through the Prestige Property Group these go for around two and a half million Euros.
South Western France consists of Aquitaine and the Midi Pyrenees. Living there gives you the choice between exploring the Atlantic Ocean coastline or the impressive mountains which border Spain. Bordeaux is the capital of Aquitaine and this world famous wine-producing region has some spectacular property. Grand chateaus are available to buy here, though they don't come cheap starting at eight million Euros. For this price you can get 25 hectares, 19 rooms, stables garages and much more. Lux Residence has these opulent properties on offer.
If you are looking to buy a 'gite' or a country house then the department of Gironde is becoming very popular. There are also more modestly priced semi detached houses for sale in Aquitaine for around half a million Euros. This is a great price for three buildings as you get a main house, converted barn and farmhouse. There is also a pool and all this is located only two kilometres away from the medieval town of Monflaquin. If you are planning on spending less there is a detached house in Pau, in the Pyrenees Atlantiques, which goes for 330,000 Euros. The location is ideal being only 20 minutes from Pau airport and hour away from Biarritz airport. Going skiing from here is easy while there are plenty of golf courses and the beach is accessible too.
When considering your options for property in the south of France don't forget the Mediterranean island of Corsica. Corsica has amazing scenery and some of the world's best walking including the GR20 (Grand Randonnee). There are numerous villas and apartments available to buy or rent in Corsica. Owners Direct has holiday villas in Porto Vecchio for 1190 Euros per month which are done in a tasteful modern style with unforgettable views.
Property journalist Pascal Gerard wrote this article for http://www.french-carhire.com He lives near the Bordeaux docklands having stayed in the area after graduating from Bordeaux University. He was commissioned to write this piece after advising French Car Hire on the best spots for in France for car hire.
Article Source: http://EzineArticles.com/?expert=Pascal_Gerard
Compared with other alpine resorts Lake Annecy is not so expensive property-wise. If you are renting then prices will be higher during the ski season. Your purchase and rental choices include everything from villas, apartments, chalets and old stone houses. For 403,000 Euros you can buy a pretty semi-detached cottage which has amazing views out over the lake through property agent Leapfrog. In Chamonix there are wonderful chalets for sale which have six bedrooms and overlook the Massif du Mont Blanc. Through the Prestige Property Group these go for around two and a half million Euros.
South Western France consists of Aquitaine and the Midi Pyrenees. Living there gives you the choice between exploring the Atlantic Ocean coastline or the impressive mountains which border Spain. Bordeaux is the capital of Aquitaine and this world famous wine-producing region has some spectacular property. Grand chateaus are available to buy here, though they don't come cheap starting at eight million Euros. For this price you can get 25 hectares, 19 rooms, stables garages and much more. Lux Residence has these opulent properties on offer.
If you are looking to buy a 'gite' or a country house then the department of Gironde is becoming very popular. There are also more modestly priced semi detached houses for sale in Aquitaine for around half a million Euros. This is a great price for three buildings as you get a main house, converted barn and farmhouse. There is also a pool and all this is located only two kilometres away from the medieval town of Monflaquin. If you are planning on spending less there is a detached house in Pau, in the Pyrenees Atlantiques, which goes for 330,000 Euros. The location is ideal being only 20 minutes from Pau airport and hour away from Biarritz airport. Going skiing from here is easy while there are plenty of golf courses and the beach is accessible too.
When considering your options for property in the south of France don't forget the Mediterranean island of Corsica. Corsica has amazing scenery and some of the world's best walking including the GR20 (Grand Randonnee). There are numerous villas and apartments available to buy or rent in Corsica. Owners Direct has holiday villas in Porto Vecchio for 1190 Euros per month which are done in a tasteful modern style with unforgettable views.
Property journalist Pascal Gerard wrote this article for http://www.french-carhire.com He lives near the Bordeaux docklands having stayed in the area after graduating from Bordeaux University. He was commissioned to write this piece after advising French Car Hire on the best spots for in France for car hire.
Article Source: http://EzineArticles.com/?expert=Pascal_Gerard
Selling Property in Spain - House Prices September 2009
Prices for Spanish property in September has fallen again giving an average 10% drop across the country, with variations along some parts of the Mediterranean coastline.
Statistics from an official Spanish price tracking model, the IMIE index, shows that property prices have fallen from September 2008 to September 2009 by over 10%.
According to estate agents in Spain, it is currently possible, in September 2009, to negotiate up to 70% discounts on 2006 quoted prices. Other commentators are quoting that popular resorts along the Mediterranean have fallen between 30% and 50% from their peak in 2006.
Data from the official Spanish price tracking model, the IMIE index, shows that property prices rose from September 2002 by 15-20% per year until September 2006 then started to decline to a lower 5% increase in 2007, then -5% in 2008 then -10% in 2009. That's the official figures.
However my own experience and probably that of many others, was of buying in 2004 at €175,000 rising to €220,000 by 2006 then selling for €100,000 in 2009. That's a 50% plus fall. The IMIE is a valuation index not market price. So sellers be warned the market is still desperate with very few buyers.
2009 has seen the desperate flight of those on fixed incomes from the UK who have had to return home and many from Ireland who have lost their jobs in a massive surge in unemployment there, having to sell or mothball property. Thus many sellers are being forced to sell to get something out of their property or in a lot of cases with negative equity simply walking away. This has led to many banks repossessing property but holding onto it to see if the market returns slightly.
The Spanish banks will probably try to offload many of those properties to take a loss in 2009 to try to make 2010 look better on their risk portfolio. So expect a further drop in price when those cheap properties hit the auction market in 2010.
The French, German, Japanese and Sweden are the first to officially get out of recession. I spoke to a senior economist, and apparently the UK should rise above negative growth in the last quarter of 2009 taking it out of recession. However the Spanish economy has a €50bn deficit and the prime minister has admitted that unemployment will reach 20% by the end of 2009, double that of Ireland and four times the UK rate. He stated "Signs that the deterioration is slowing does not mean that a recovery is here or will be fast. There are signs that the worst of the recession has passed, but we are still suffering an intense crisis."
So the bad news for those having to sell their property in Spain in September 2009 is that prices are still down and by more than official statistics for distressed sales.
H. McDubhgaill is the publisher of http://www.OwnerDirectSpain.com - the online resource for buying or exchanging property in Spain from owners directly.
Click the following link for Spanish property and moving to Spain articles, guides, resources and recommended reading http://ownersdirect.blogs.ie/
Article Source: http://EzineArticles.com/?expert=H._McDubhgaill
Statistics from an official Spanish price tracking model, the IMIE index, shows that property prices have fallen from September 2008 to September 2009 by over 10%.
According to estate agents in Spain, it is currently possible, in September 2009, to negotiate up to 70% discounts on 2006 quoted prices. Other commentators are quoting that popular resorts along the Mediterranean have fallen between 30% and 50% from their peak in 2006.
Data from the official Spanish price tracking model, the IMIE index, shows that property prices rose from September 2002 by 15-20% per year until September 2006 then started to decline to a lower 5% increase in 2007, then -5% in 2008 then -10% in 2009. That's the official figures.
However my own experience and probably that of many others, was of buying in 2004 at €175,000 rising to €220,000 by 2006 then selling for €100,000 in 2009. That's a 50% plus fall. The IMIE is a valuation index not market price. So sellers be warned the market is still desperate with very few buyers.
2009 has seen the desperate flight of those on fixed incomes from the UK who have had to return home and many from Ireland who have lost their jobs in a massive surge in unemployment there, having to sell or mothball property. Thus many sellers are being forced to sell to get something out of their property or in a lot of cases with negative equity simply walking away. This has led to many banks repossessing property but holding onto it to see if the market returns slightly.
The Spanish banks will probably try to offload many of those properties to take a loss in 2009 to try to make 2010 look better on their risk portfolio. So expect a further drop in price when those cheap properties hit the auction market in 2010.
The French, German, Japanese and Sweden are the first to officially get out of recession. I spoke to a senior economist, and apparently the UK should rise above negative growth in the last quarter of 2009 taking it out of recession. However the Spanish economy has a €50bn deficit and the prime minister has admitted that unemployment will reach 20% by the end of 2009, double that of Ireland and four times the UK rate. He stated "Signs that the deterioration is slowing does not mean that a recovery is here or will be fast. There are signs that the worst of the recession has passed, but we are still suffering an intense crisis."
So the bad news for those having to sell their property in Spain in September 2009 is that prices are still down and by more than official statistics for distressed sales.
H. McDubhgaill is the publisher of http://www.OwnerDirectSpain.com - the online resource for buying or exchanging property in Spain from owners directly.
Click the following link for Spanish property and moving to Spain articles, guides, resources and recommended reading http://ownersdirect.blogs.ie/
Article Source: http://EzineArticles.com/?expert=H._McDubhgaill
Turkish Property - Some Hard Facts
Turkish property is an attraction for the overseas property buyer owing to the outstanding value for money that property in Turkey offers. In a relatively short time overseas buyers have made their mark on the Turkish property market. Overseas property investors sometimes find it hard to put these facts into perspective and I have undergone some research to show Turkish property buyers and investors the extent of the Turkish property market.
There are approximately 63,500 properties in Turkey that are owned by foreigners. A majority of these properties are either in resort areas along the coast or the major cities. The number one place for foreigners to purchase property is the resort town of Antalya along the Mediterranean Coast with 14,610 pieces of property owned by foreigners. Istanbul, the country's largest city and a major business center, is second with 10,695. The Aegean resorts of Mugla, 8,251, Aydin, 5,839, and Izmir, with 4,572, round out the areas that have the largest number of foreign property investors and/or owners.
Nearly half of these property owners come from Germany and Britain. Both of these countries have in the neighborhood of 15,000 foreign owners of property in Turkey.
Turkey has been a good place to buy for foreign property owners in recent years, and it looks as if that trend will continue for the next few years at least. Turkey's real estate has been traditionally undervalued and this has led to increased foreign purchases. Property values have appreciated significantly in the 21st Century, often in the double digits year over year. While this trend seems to be slowing somewhat, there should still be a considerable amount of appreciation in values in the years to come.
Turkish real estate remains a good investment for a number of reasons. Over the past few years the country has enacted a number of laws that make it easier for foreign purchasers to acquire land in Turkey. Foreign mortgages have also been easier to obtain, and a comprehensive mortgage bill that looks to be passed in parliament soon should help even more.
Turkey currently has an overall housing shortage and over half the population is under the age of 25. Both of these facts indicate that housing will be in strong demand for many years to come. The government has also committed to improving infrastructure throughout the country, which will, in addition to helping the citizens, increase tourism.
Demand for Turkish property has seen prices rising too quickly for investors to feel that capital gains are just around the corner. However recent trends show property prices in Antalya Turkey slowing and even dropping. Property sales virtually came to a halt in 2006 because of high prices, Oguz said in a report from the Anatolia News Agency. For those overseas investors who want to purchase property in Antalya and the surrounding area, this is great news, as the falling prices are making it a reasonable place to invest once again. Over the long term, as more travelers seek to take advantage of its ideal location, property in Antalya should continue to be a good investment.
Nicholas Marr is a lifetime property investor and CEO of Marr International Ltd a UK based property marketing company that is responsible for one of the worlds leading overseas property portals http://www.homesgofast.com/home/Turkey/
Article Source: http://EzineArticles.com/?expert=Nicholas_Marr
There are approximately 63,500 properties in Turkey that are owned by foreigners. A majority of these properties are either in resort areas along the coast or the major cities. The number one place for foreigners to purchase property is the resort town of Antalya along the Mediterranean Coast with 14,610 pieces of property owned by foreigners. Istanbul, the country's largest city and a major business center, is second with 10,695. The Aegean resorts of Mugla, 8,251, Aydin, 5,839, and Izmir, with 4,572, round out the areas that have the largest number of foreign property investors and/or owners.
Nearly half of these property owners come from Germany and Britain. Both of these countries have in the neighborhood of 15,000 foreign owners of property in Turkey.
Turkey has been a good place to buy for foreign property owners in recent years, and it looks as if that trend will continue for the next few years at least. Turkey's real estate has been traditionally undervalued and this has led to increased foreign purchases. Property values have appreciated significantly in the 21st Century, often in the double digits year over year. While this trend seems to be slowing somewhat, there should still be a considerable amount of appreciation in values in the years to come.
Turkish real estate remains a good investment for a number of reasons. Over the past few years the country has enacted a number of laws that make it easier for foreign purchasers to acquire land in Turkey. Foreign mortgages have also been easier to obtain, and a comprehensive mortgage bill that looks to be passed in parliament soon should help even more.
Turkey currently has an overall housing shortage and over half the population is under the age of 25. Both of these facts indicate that housing will be in strong demand for many years to come. The government has also committed to improving infrastructure throughout the country, which will, in addition to helping the citizens, increase tourism.
Demand for Turkish property has seen prices rising too quickly for investors to feel that capital gains are just around the corner. However recent trends show property prices in Antalya Turkey slowing and even dropping. Property sales virtually came to a halt in 2006 because of high prices, Oguz said in a report from the Anatolia News Agency. For those overseas investors who want to purchase property in Antalya and the surrounding area, this is great news, as the falling prices are making it a reasonable place to invest once again. Over the long term, as more travelers seek to take advantage of its ideal location, property in Antalya should continue to be a good investment.
Nicholas Marr is a lifetime property investor and CEO of Marr International Ltd a UK based property marketing company that is responsible for one of the worlds leading overseas property portals http://www.homesgofast.com/home/Turkey/
Article Source: http://EzineArticles.com/?expert=Nicholas_Marr
Fuengirola Property Market Summer 2009
The summer months are traditionally a quiet time in the Real Estates business on the Costa del Sol as many of the people who visit the area are primarily in holiday mode. Beach, sangria and nightlife are the main concerns with little thought given over to property purchases.
This years appears to be different though. Although no claim is being made in regards to record number of sales or any such nonsense, there has definitely been an increase in property requests and enquiries both via the website and through passing trade. This has both been for commercial businesses (restaurants, bars, offices, etc...) both freehold and leasehold throughout the Costa del Sol, and for residential property, mainly in Fuengirola and the surrounding areas (Mijas Costa and Benalmadena Costa).
Many of the current property searchers are cash buyers, or only require a small mortgage and are primarily looking at holiday homes mainly with the idea of using them during the holiday months, if they have children, or in low season if they have no children living with them.
As an interesting change many appear to have previously lived or rented long term within Fuengirola and know clearly what they are searching for.
Of course many are still looking for what they see as bargains, so are understandably looking for the best offer possible. But of these property hunters have healthy budgets and unlike last year, vendors are more open to listening to offers.
According to TINSA, a respected property valuation company, prices along the Mediterranean coast (Costa Blanca, Costa Tropical, Costa del Sol, etc...) are from July 2007 to July 2009, down 16.5%. But to clarify, this does not reflect current prices, simply the value that TINSA has given to the average square metre built. Current asking prices by owners are generally down but the figure varies greatly due to location, qualities, etc...
As a rule of thumb many estate agencies are quoting that prices are down anything from 20 to 50% down on asking prices. But again these are meaningless figures as in the past many agencies would quote a high sales price for a property simply to get the listing, or simply let the owner set the asking price. In both cases this simply helped flood the market with overpriced properties.
As it stands now, although prices in Fuengirola have held up reasonably well compared to many other areas, the average price per square metre in Fuengirola now stands at 2,250 euros per built square metre. But please note this is an average figure with higher quality, garage, pool, etc... raising the price.
The reason why Fuengirola has felt the property crisis to a lesser degree than certain other areas is due to the following. First it bypassed a lot of the property invest craze as there were fewer newly built properties and due to the fact that it is a well connected town with both road and rail lines leading out of the town. Although not a large town, with 8 kilometres worth of beaches, being quite flat as opposed to being on a slope as many areas/towns are and half-way between Marbella and Malaga, Fuengirola makes an excellent base for many tourist looking at a home. It is also very popular amongst the Spanish, who although speculated as much as the next person, were more in tune with average prices, etc... than many foreign buyers. The also chose to buy in towns as opposed to urbanisations in less accessible areas.
RegardsAndrew BellesFuengirola propertyAndrew Belles is a real estate agent with years of experience on the Costa del Sol property market.
Article Source: http://EzineArticles.com/?expert=Andrew_Belles
This years appears to be different though. Although no claim is being made in regards to record number of sales or any such nonsense, there has definitely been an increase in property requests and enquiries both via the website and through passing trade. This has both been for commercial businesses (restaurants, bars, offices, etc...) both freehold and leasehold throughout the Costa del Sol, and for residential property, mainly in Fuengirola and the surrounding areas (Mijas Costa and Benalmadena Costa).
Many of the current property searchers are cash buyers, or only require a small mortgage and are primarily looking at holiday homes mainly with the idea of using them during the holiday months, if they have children, or in low season if they have no children living with them.
As an interesting change many appear to have previously lived or rented long term within Fuengirola and know clearly what they are searching for.
Of course many are still looking for what they see as bargains, so are understandably looking for the best offer possible. But of these property hunters have healthy budgets and unlike last year, vendors are more open to listening to offers.
According to TINSA, a respected property valuation company, prices along the Mediterranean coast (Costa Blanca, Costa Tropical, Costa del Sol, etc...) are from July 2007 to July 2009, down 16.5%. But to clarify, this does not reflect current prices, simply the value that TINSA has given to the average square metre built. Current asking prices by owners are generally down but the figure varies greatly due to location, qualities, etc...
As a rule of thumb many estate agencies are quoting that prices are down anything from 20 to 50% down on asking prices. But again these are meaningless figures as in the past many agencies would quote a high sales price for a property simply to get the listing, or simply let the owner set the asking price. In both cases this simply helped flood the market with overpriced properties.
As it stands now, although prices in Fuengirola have held up reasonably well compared to many other areas, the average price per square metre in Fuengirola now stands at 2,250 euros per built square metre. But please note this is an average figure with higher quality, garage, pool, etc... raising the price.
The reason why Fuengirola has felt the property crisis to a lesser degree than certain other areas is due to the following. First it bypassed a lot of the property invest craze as there were fewer newly built properties and due to the fact that it is a well connected town with both road and rail lines leading out of the town. Although not a large town, with 8 kilometres worth of beaches, being quite flat as opposed to being on a slope as many areas/towns are and half-way between Marbella and Malaga, Fuengirola makes an excellent base for many tourist looking at a home. It is also very popular amongst the Spanish, who although speculated as much as the next person, were more in tune with average prices, etc... than many foreign buyers. The also chose to buy in towns as opposed to urbanisations in less accessible areas.
RegardsAndrew BellesFuengirola propertyAndrew Belles is a real estate agent with years of experience on the Costa del Sol property market.
Article Source: http://EzineArticles.com/?expert=Andrew_Belles
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