World Property Markets - Overseas Property and Real Estate News

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Luxury fly to let properties in the Greek islands are being marked down by as much as 45 percent as the country’s continuing debt crisis causes higher real estate taxes. A half built villa on Mykonos, an island in the Aegean Sea known for its all beach parties, is being offered by brokers at Athens-based Ploumis for…

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Fly to let landlords with holiday homes in Finland should keep a wary eye on property values as the country’s Ministry of Finance is again warning of a deepening housing bubble. Prices have continued to climb in the country and are now ranking higher than ever before. And the ministry’s Undersecretary of State Martti Hetemäki has now suggested on a news broadcast on the Finnish Broadcasting Company (YLE) that the…

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Planning permission has been granted for a 420,000 sq ft eco-luxury development in St Lucia. Titled Freedom Bay, the resort will sit in 68 acres of a World Heritage site beneath the Piton Mountains. The site will comprise of 45 four-bed super villas, eight three-bed beach villas, 18 one-bed hotel villas, 22 one-bed cliff villa apartments, eight…

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Fly to let landlords with apartments in the US would be wise to warm to the domestic market as the country is seeing a surge in rentals. Mounting foreclosures are reducing homeownership and an improving job market for young adults is encouraging them to find their own places to live. The number of occupied apartments increased by…

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Owners of fly to let properties and their customers will be relieved to hear the BAA strike at several UK airports now looks to have been averted. Thousands of workers at six airports had threatened to walk out in a row over pay. However a deal has now been struck that will see them gain a two percent rise and a lump sum of…

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The condo market is thriving in Miami, Florida as holiday homes are being snapped up at the rate of 500 a month. Condo Vultures reports this is the impressive amount of apartment traded in Greater Downtown Miami each month between April and June this year.

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Overseas mortgage specialist Conti is offering a book-keeping service to owners with fly to let properties. UK tax residents have to declare their income both with the authorities of whatever country their property is in, and within their tax return, to HMRC.

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A brand new eco-friendly Italian development is on offer promising a rental guarantee of up to €2,000 per month. Casa Vacanza Resort & Spa, Dominio San Sebastiano in Liguria is a gated development set in 9.9 acres of Centenary Park and also offers a lettings and management service. The Realitalia complex on the Bergeggi Hills comprises a private beach…

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The Turkish property investment scene is becoming a big topic with one expert now saying the credit crunch actually did the country a big favour. Tourism is continuing to perform well in Turkey despite falling on a global scale and property prices are also low. The Global Property Guide has recommended the country as the best place to…

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Fly to let investors are being drawn to Mexico after a prediction that it could be the next BRIC economy. In 2001 Goldman Sachs business guru Jim O’Neil coined the term ‘BRIC economy’ to refer to the explosive growth of the emerging countries of Brazil, Russia, India, and China.

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