Expatriate buyers of property in North Cyprus were seen by some as crazy risk takers and by others as brave emerging market investors - but following yesterday’s hugely exciting win for Linda and David Orams at the British High Court over the former Greek Cypriot owner of their property in North Cyprus who was trying to get his former home back, expatriate investors in North Cyprus are being dubbed the luckiest and most property savvy buyers de jour!
The victory sets one of the most exciting and important property law precedents, it proves that all land and property in North Cyprus is legitimately available for sale, it makes investment into North Cyprus property safe, and above all else it paves the way for a dramatic increase in interest in properties for sale that many market analysts and property experts say will see prices increasing by in excess of 100% in the coming few months.
Recently it came to light that the British government’s original estimate of a maximum of 13,000 immigrants arriving to live in the UK following the entry of a number of new countries into the EU back in 2004 were grossly underestimated and now at least half a million legal immigrants have taken up residence in Britain from these nations alone.
Ever since these findings came to light a controversial political debate has been heating up about who should and shouldn’t be allowed to live in Great Britain - and as accusations relating to political incorrectness and racial insensitivity fly, more Brits are choosing to turn their back on their rain soaked bickering politicians and they are choosing to emigrate away from Great Britain instead…
Is there no stopping the popularity of property in Spain as an investment commodity? Seemingly not according to a series of recent news items that just serve to prove that Spanish property is an evergreen investment…
The first piece of news to prove this comes from the Spanish National Statistics Institute which has revealed that the property market in Spain has been boosting the Spanish economy directly and was responsible for better than expected economic growth in Spain in the second quarter of 2006.
A commercial property forum focusing on the emerging markets in Eastern Europe and their potential for generating capital appreciation and rental income will take place in Manhattan in October and US investors will finally be introduced to Eastern European property as a strong capital appreciating commodity with long term promise.
The Central and Eastern Europe, Russia and CIS States Commercial Real Estate Forum 2006 is being arranged by EuropaProperty.com and will take place at the Grand Hyatt in Manhattan from the 5th to the 6th of October. The forum couldn’t have come at a timelier juncture as a global report from property experts Knight Frank reveals that Eastern Europe is the hottest place for property right now.
Britons are among the world’s most active investors in property abroad – for example Brits buy tangible assets for their overall investment portfolio, they invest in income generating commodities and they secure their future on an overseas bolt hole, they buy shares in property funds, buy off plan and flip before completion for maximum gains and they even plan their retirement based on a home they buy abroad when they are young.
Therefore it is always important to keep the British property market in focus when talking about property markets around the world - after all British interest fuels many an overseas property market with Cyprus and Spain two classic examples, and many Britons fund their overseas property purchase by raising finance on their British home – which is why it is worrying news that British property market activity is slowing down sharply.
The property market in New Zealand is remaining healthy despite caution having been urged recently for investors contemplating a move into the market.
Quite simply a healthy economy is supporting continued interest in New Zealand real estate and there are no factors apparent currently to undermine this situation.
It’s easy to watch property prices and economic fortunes rise and fall on a nation by nation basis, but globally speaking what if anything is the interrelationship between property markets around the world, and how could a rising market in one country affect a slowing real estate sector in another economy?
The Knight Frank Global House Price Index regularly updates the growth figures and positive or negative development aspects on a nation by nation basis and allows one to compare and contrast the health of property markets around the world. The latest findings from Knight Frank as a company, and the latest conclusions one can draw from their updated Index is that the world is not heading for global property market meltdown as many doomsayers predicted…we take a closer look.
This month’s news update for Bulgarian property investors and those contemplating market entry is a mixture of positives and negatives which just further serves to prove what we at ShelterOffshore always preach and that is that those planning a property investment should do their own due diligence before they commit to a particular country, area or even market sector even if the world’s media is heralding a country’s emerging property market as ‘THE’ place to invest!
On the one hand there is great news on the accessibility front - Bulgarian skies are opening up to more operators and flights from more nations creating the perfect environment for tourists to come and go and rent out the buy to let investments of those who have already bought in Bulgaria. Then on the other hand there’s the news that some of those trying to sell up and leave the market are being offered less for their properties than they paid for them off plan…
When looking at any investment property market anywhere in the world there are certain key aspects of the market that an investor doing the right due diligence will examine closely. One of these key aspects is the sustainability or otherwise of property price increases; and going hand in hand with this aspect is examining the driving forces behind a sustainable market situation.
In Eastern Europe at the moment there is an undercurrent of uncertainty among investors and property market specialists as they start to question the substantial price gains that certain markets have enjoyed on the basis of sustainability and find some quite significant issues that could undermine the future success of property investment in Eastern Europe.
What on earth has happened to Qatar? The State of Qatar was well on its way to becoming one of the most exciting, dynamic and in demand locations in the Middle East and the number of companies establishing centers of operation and bases in the State was increasing rapidly and attracting a talented expatriate workforce to live and work in Qatar.
On top of this Qatar’s oil and natural gas reserves meant that is had one of the highest per capita incomes in the world and then the The Pearl, Qatar was released which is a sumptuous development near Doha where foreigners are afforded the right of owning freehold property – but then the cost of living in Qatar went through the roof. Practically overnight the number of expats moving to Qatar is sharply in decline and of those who remain in the country every single family or individual has been severely and dramatically affected.