New marina to be created in Turkey

October 20, 2008 by thepropertyinvestor

New plans have been unveiled to create the second largest marina in Europe in a Turkish coastal town, something that may interest investors in waterfront property.

Following the declaration of the town as a tourism centre by the ministry of Culture and Tourism, the Aegean seaboard town of Didim is to become home to the new marina, Today’s Zaman reports….

Istanbul hailed as good investment

October 20, 2008 by thepropertyinvestor

Istanbul is the best investment hotspot in Europe, it has been suggested.

PricewaterhouseCoopers and the Urban Land Institute both named it as the best place to invest in the continent after property investors there enjoyed a 42 per cent growth since February last year, according to Hot Property Turkey….

Tenerife ‘overtakes interest’ in the Costas

October 20, 2008 by thepropertyinvestor

The island of Tenerife is the most popular search destination for buyers seeking property in Spain from outside the country, according to new figures.

Produced by business portal Globaledge, the analysed data from 13,000 Google searches found Tenerife to be the most popular search destination from a total of nearly 60,000 property to buy in Spain searches that were carried out in July this year….

Investors advised about the importance of French inheritance laws

October 20, 2008 by thepropertyinvestor

According to tax advisory service Blevins Franks, Britons considering a move to France should ensure they are aware of inheritance laws in the country.

Although the laws are relatively simple for married couples who have either children from that marriage or no children at all, inheritance matters can become much more complicated if a couple is not married or if there are children present from previous marriages, the firm stated….

Vendee ‘a strong tourist area’

October 20, 2008 by thepropertyinvestor

The Vendee area of France is the second most popular area for tourists and offers good prospects for property investors, it has been stated.

It has numerous aspects which can attract visitors, such as castles, abbeys, islands off the shore, plus sporting activities like golf, sailing and cycling, French specialist property firm VEF has noted….

Water transport unveiled as feature of eco city

October 20, 2008 by thepropertyinvestor

In news that may interest those keen on investing in environmentally-friendly property, it has been revealed that a new eco city in Florida will be using water both to prevent urban sprawl and to supply a means of transport….

Tenerife in potential tourist property boost

October 20, 2008 by thepropertyinvestor

A new tourist attraction has been opened on the island of Tenerife, which may help boost the tourist buy-to-let sector on the island.

Siam Park, reportedly the largest water park in Europe, is a Thai-themed attraction aimed at families….

Dubai property ‘not at risk of crash’

October 20, 2008 by thepropertyinvestor

Property in Dubai is not at risk of going the same way as some other markets have in the credit crunch, it has been stated.

Chris O’Donnell, the chief executive of real estate development firm Nakheel, has said that while the market in the emirate will see some change, good developments will always prosper and as a result the overall outlook is still positive….

Estonia in bid to raise UK tourist profile

October 20, 2008 by thepropertyinvestor

In a move that could boost investment in tourist property in the country, a body from Estonia has announced it is holding a promotional event in London next month.

On October 9th the Estonian national tourist office is to run a show at the London Guildhall, which will include a workshop in the afternoon and a presentation for tour operators in the evening….

Spain to launch new property index

October 20, 2008 by thepropertyinvestor

Spain is to launch a new property index amid suggestions that existing methods of tracking house prices are not adequate.

The Statistics Institute is to produce a new quarterly index which will run in addition to the existing housing ministry figures, reports Reuters….