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Monday, October 13th, 2008
There has been very little positive news bandied about in relation to the property market in Bulgaria of late – where there has been anything remotely optimistic written it has been in relation to Bulgaria’s ski resorts and the properties therein, which are still in demand from rental tenants and will likely remain so as long as Bulgaria keeps its feet on the ground and remains a cheap ski destination.
Coastal property in Bulgaria has been all but written off by the British press as being a bad investment and not worth the levs that people have paid for it – but some interesting new facts have come to light that suggest there is life in Bulgaria’s summer resorts after all, and that we have just all been looking in the wrong place for it.
There is sustained and consistent Russian interest in property in Bulgaria on the coast and in the interior and so today we’re asking, are Russian’s saving Bulgaria’s property market? If you already own a property in Bulgaria and you’re wondering what to do with it, whether you can sell it today and cut your losses, whether it will rent and if it will ever turn a profit, read on!
Let’s get all mafia references out of the way from the outset - there are going to be no cons, or even pros for that matter, relating to buying property in Sicily that have anything to do with the Italian mafia! Okay, that said, what are the pros and cons of buying Italian property in Sicily?
Well, the market is blessed with stunning real estate opportunities framed by a backdrop of exquisite scenery, an excellent climate and a very attractive way of life, but then prices for property on the island are not cheap and neither are building costs if you need to renovate.
But looking past the cons, there really are still plenty of reasons to look more closely at Sicily if you’re after a home abroad for your own personal use, with perhaps a little bit of rental income on top. In this article we’ll try and present a full and balanced picture of the property scene in Sicily so that you can make your own mind up about the location.
If you have turned on the TV of late or tuned in to the radio, picked up a newspaper or even overheard conversations in bars or on trains there is absolutely no way you can have missed the fact that the UK is in a terrible situation financially speaking.
The situation is expected to get worse with the most negative, (or perhaps realistic) analysts suggesting that the end will not be in sight for at least five years. So how on earth can anyone find anything positive to focus on when all around us financial markets are falling, banks are going bankrupt and the average man and woman on the street are the ones being most affected.
Well, here’s a little secret that not so many people know about – the situation across the Channel in la belle France is actually a lot more positive. If you’re wondering how to squirrel your savings away into something safer than a semi-secure bank account or a rapidly dwindling stock or share, here are ten reasons to move into French investment property.
I hope we will be forgiven for having momentarily turned our back on the property market in Dubai – it’s not that we’ve stopped caring for a single second about what happens in this glitzy and surreal world of ever bigger and better real estate projects, it’s just that the global financial crisis caught our eye!
We realise we’ve been remiss and so our eye is back on the ball, and in this article we want to discuss whether Dubai’s property bubble will burst because the market sentiment is certainly divided and there are those championing the ongoing positive advancement of the property scene, while at the same time others are pointing out the pitfalls.
So, on the one hand you have the fact that Dubai’s government will pour as much money as is needed into any element of the economy to see it safe, but on the other hand you have to be realistic about these things and ask, where will the people come from to live in these mega housing estates and to shop in these huge malls?
We have received a whole host of facts, figures and statistics from the homes overseas market in recent days as leading companies release data relating to the numbers of Britons and other foreign nationals who are buying property abroad.
Some of these facts and figures are positively surprising – such as the fact that the amount of property us Brits own overseas collectively amounts to some £58 billion worth of real estate!
But it’s what’s being written and published off the back of all this data that’s worrying us. We want to say to our readers ‘beware!’ because in our opinion there is bad, or at least questionable advice being given to those contemplating buying property abroad.
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