The conditions that led to the credit crunch will not be allowed to recur in France even as it seeks to extend home ownership, the country’s finance minister Christine Lagarde has said.
Speaking about the future of property transactions in France, Ms Lagarde told the BBC: "Expect two conditions – a down payment of 20 per cent of the value of the house plus mortgage [repayments] which will not exceed 30per cent of income….
Mallorca has been labelled as the best and most stable property market of any part of Spain.
Experts from Spanish Hot Properties told property portal Bye Bye Blighty that the island has benefited from an increasingly upmarket reputation in recent years, reports Homes Worldwide….
Investors looking to buy property in Portugal can find a lower-priced alternative in Porto and the Douro valley, it has been stated.
The area, famed for its port wines, has plenty of inexpensive property in attractive rural areas to be found, Paul Symington of port wine producer Symingtons told the Financial Times….
The French region of Pyrenees Atlantiques is seeing a sudden surge in sales of properties valued between EUR200,000 and EUR350,000 (GBP277,000), it has been claimed.
French property specialists firm VEF has stated that one of its partner agents in the region has recorded such an upsurge, leading it to suggest that those thinking of buying a property in the region within this price range should do so now….
The arrival of direct air access from the UK has been a key factor in helping to develop the property sector in Cape Verde, it has been stated.
Paul Collins, overseas editor of property investor magazine Buy Association, said this development has been "quite a big factor" in the emergence of the country’s market….
The Egyptian resort of Hurghada offers UK investors an ideal location in which to invest, it has been stated.
Nick Marr, the chief executive officer for overseas property portal Homesgofast, said of the resort: "Low prices and an area with its own airport make Hurghada an irresistible combination for UK investors….
Sales of property in Dubai will reach GBP100 billion in value this year, it has been predicted.
Analysts are forecasting that the emirate will reach this figure in 2008 after last year brought a sales total of GBP64 billion, the Move Channel reports….
French property is one of the safest ways for people to invest their money, an overseas property firm has stated.
VEF, which specialises in the French market, has said the country has a number of economic advantages over its neighbours….
The town of Tavira on the eastern Algarve has been hailed as an outstanding place to spend a holiday at this time of year.
In an article that may interest those investing in Portuguese property, the Daily Telegraph said the town is "hard to beat as an autumn break"….
Thailand is considering relaxing the rules on foreign ownership of property to make it easier for non-Thais to invest there.
Global Property Guide figures supplied to the Seoul Times have revealed that while prices increased by 5….
