Overseas property interest grows

Statistics reveal that the Summer 2013 months of July, August and September saw a record number of enquiries for properties in ‘classic’ European destinations according to the Overseas Guide Company’s Quarterly Index.

The index measures interest in destinations popular with second homeowners and expats. Year-on-year demand for information relating to foreign property rose 30 percent during Q3 of 2013.

"Growth has clearly been driven by classic European hot spots," said Richard Way, Editor at the Overseas Guides Company. "France, Spain, Italy and Portugal all recorded a 50 per cent year-on-year hike in interest for the year to the end of September and even Greece's popularity rose 23 per cent.

“…Most of the Eurozone is still very much a buyer's market, with property prices either at rock bottom or close to it and mortgage rates at historic lows. The exchange rate edging back in favour of Sterling as the year progresses has also brought more buyers out of the woodwork. Add to this the fact that banks, primarily in Spain and Portugal, have little choice but to offer some very attractive deals on repossessed homes and things are shaping up nicely for 2014."

All of the above means it’s very much a buyer’s market in most destinations, with Greece showing particular signs of improvement following the recent issues affecting the country.

As Greek Tourism Booms, So Does Property Interest

The recent upsurge in Greek tourism has led to an increase in demand for properties in the Mediterranean country according to sources throughout the industry.

According to A Place In The Sun, one of the world’s largest travel groups, TUI, looks set to bring in over 300,000 additional tourists to Greece next year over 2013, meaning the firm will bring in over 2 million tourists in total. Tourism experts are predicting a new record of 18 million foreigners’ visiting next year. Both September and October of this year have been immensely strong in terms of visitor numbers too, riding on the back of a record-setting summer.

This has had a positive impact on overseas investors looking to purchase in the country - Rightmove Overseas claimed in its 2013 consumer survey that Greece is the 3rd most popular destination for people looking to relocate to foreign shores. Greece is also the 4th most popular place for those who are looking specifically for investment property – beating the likes of Italy, Turkey and Thailand.

Despite the recent issues concerning the Eurozone, the sun, sea, sand and unique character of Greece makes it a reliable country for tourism, especially now non-Europeans are seeking fast-track routes to EU residency. Greece is now giving speedy residency to buyers of any property over 250,000 Euros, with the first being granted to a Chinese man on 8th August.

All of this adds up to good news for the property market in Greece, which has been looking more and more positive during 2013.

Chinese Property Investors Go Global

Rising domestic property prices in China have led to properties abroad becoming extremely popular as they offer substantially cheaper prices than in the majority of Chinese cities, according to Chinese paper Southern Weekly.

The paper reports that for the same money paid for a 25.5 sq. metre property in Beijing (around $163,000 USD), an investor can buy a 100 sq. metre property in California.

Zhang Ping, an investor from Guangdong province in the world’s most populated country, was quoted saying that “Any place is cheap, except China”. This investor purchased a San Francisco villa with an annual return of 9%, whilst a house in the city of Guangzhou brings in annual returns of a mere 3% - an illustration of why high net worth Chinese investors are looking elsewhere.

In what has become almost routine for wealthy buyers in the country, buyers from China are now concerned about where to buy, based on which countries can offer the highest returns and how best to avoid tax.

The US seems to be of particular interest for Chinese buyers, with the most popular locations including Los Angeles, New York and Miami in Florida. Rental returns vary dependent on locations – Atlanta in San Francisco, for example, typically can have 8% rental returns, whilst an apartment in Paris, France, can return 10%. France, Portugal and Australia remain popular, as do countries offering immigration status to investors.

FLORIDA OWNERS Set To Gain From Rental Boom

A lot has been made recently about tourism booming in Florida and how the property market is performing exceptionally well.

According to A Place In The Sun, the good news is set to continue into next year as 2014 is looking particularly positive for holiday rentals. According to the publication, Florida has peaked amongst searches for 2014 holidays compared to the other top destinations

Year round sunshine and some of the world’s leading attractions (Busch Gardens and SeaWorld to name just two) make the Sunshine State popular in all seasons, but it’s not just these factors that bring in the visitors. A lively nightlife, extensive shopping and some of the world’s most exclusive golf courses make the area appeal to a vast amount of different visitors. An added bonus is that the region is also becoming more accessible due to the decreasing costs of flights.

A Place In The Sun also mentions that a recent trend in holidays where larger groups of people stay together in one home is now popular, particularly in Florida. This has resulted in larger homes being the most successful for rentals, especially those with additional facilities such as swimming pools and those in more ideal locations.

As we’ve mentioned on our news page before, there is plenty of positive news regarding the numbers of visitors heading to Florida. The recent strength of the pound against the US Dollar is also probably accountable for encouraging travel to the US, particularly to the key tourism regions such as Florida, according to A Place In The Sun.

If your thinking of Buying check out the new HALCYON PALMS LUXURY VILLAS just minutes from Disney from only £31,000

Stressless Luxury Properties in France

10 percent net rental returns available Fully furnished, luxury apartments Interest free finance available Incredible resort facilities

Home to over 200 acres of incredible grounds, Halcyon Retreat Golf and Spa Resort isset to be one of the finest in France. Your luxurious, fully furnished, 2 bedroom apartment also features a spacious living area and a high specification bathroom. You’ll be metres from the resort facilities including a world-class Spa, 18-hole golf course, countless sporting facilities and the highly rated luxury hotel Château de la Cazine, recently awarded Trip Advisor’s ‘Certificate of Excellence’ 2013. Yours to own and enjoy every year, you’ll be able to experience the wonderful calming environment and incredible facilities at your leisure.

The Corran Keeps Thriving - Be Part Of The Success

Purchase from £17,000 150 percent assured resale option Over £500,000 already being paid to customers Extension of an already successful operating hotel It’s been over a year since the first fractions were sold at The Corran Resort & Spa and our investors have now received a full year of returns, meaning collectively they have received well over half a MILLION pounds. As a thriving hotel and wedding venue with new renovations allowing more luxury suites on the market, now is a great time to find out more. CLICK HERE for DETAILS

If You Have Any Stocks or Shares You Need To Read This

DO YOU HAVE A SHARE PORTFOLIO?

ALL EXCHANGES ACCEPTED!!

NON RECOURSE LOANS AGAINST YOUR STOCK
BUY PROPERTY USING YOUR SHARES!!

• USE YOUR SHARES TO BUY PROPERTY!! 

  In simple terms, this product is offered through a Hedge Fund and is a simple non-recourse loan product, offered against shares listed on a recognised exchange.
  
  Most major exchanges are catered for across Europe, Asia, North and South America and the Middle East.
  
  We can typically provide a guaranteed term sheet on an eligible stock or portfolio within 48 hours (please note, for smaller exchanges where DD is required decisions will take longer). The loan-to-value, determined by stock price, daily volume, historical price data, and volatility, can be as high as 80 %, with terms from 10 days to 10 years. 

   

  Loans are non-recourse – there are no penalties to the borrower if the stock loses value or borrower defaults. For the period of the loan, the title is transferred to the lenders custodian.
  
  Key Features:
  

  • Low interest rates - fixed between 2.5% and 5%, paid quarterly, ten days to ten year terms available
  • No due diligence or commitment fees (arrangement fee is payable on closing from the proceeds of the loan)
  • Loan proceeds for any purpose
  • High LTV ratio of up to 80%
  • Not credit score driven, the collateral determines LTV and rate
  • Non-recourse
  • Flexible terms with options to pay off, refinance, or renew
  • Minimum Share Value $100,000
  • Maximum Loan $100 Million

  FOR MORE INFORMATION - CLICK HERE