Overseas property

A show to exhibit overseas property to the Irish farming market has been announced and is intended to offer an avenue of investment to which these individuals would ordinarily not have access. According to Overseas Property Professional (OPP), the farmers targeted by the exhibition have a collective €700 billion (£481.78 billion) fortune ready to be […]

A new Cypriot Property Fund has been launched by investment specialist Assetz and will be aimed at both residential and commercial property investment. The fund was established when Assetz was approached by investors who wanted to invest £10 million of capital into property in Cyprus. Stuart Law, managing director of Assetz, said that the fund

Overseas property investors with financial interests in European countries received an 11.8 per cent local currency return in 2005, according to research from Investment Property Databank (IPD). Total returns measured by the index were more than one fifth higher than the 9.6 per cent level noted in 2004. The company’s Pan-European Property Index showed a

Consumer watchdog Which? has published a new guide to help Brits thinking of investing in overseas property. Buying Property Abroad costs £9.99 and can be bought from bookshops nationwide, or ordered online or over the phone. Which? estimates that more than a quarter of a million people in the UK owned property abroad in 2003/2004,

The Association of Mortgage Intermediaries (AMI) is introducing a new factsheet designed to provide guidance for people thinking of buying property abroad. Targeting those who will be selling mortgages to individuals tempted by the booming overseas property markets, the document will help mortgage intermediaries to advise their clients more effectively on property regulations in different

Welsh homeowners looking to buy overseas property as an investment are increasingly being attracted by Bulgaria, according to one property company. Swansea-based developer, Britannia Overseas Property, said that the level of demand in Bulgaria is so high that prices rose by almost 50 per cent last year, while experts anticipate these will double within the

Owners of property abroad are being reminded that offshore assets, including property, are liable to UK tax. Charlie Hall, tax investigations partner at accountancy firm Grant Thornton is advising second home owners that failing to correctly disclose liabilities on overseas property can result in severe penalties and charges. However, Britons who know they are in

Professional landlords are increasingly looking to overseas property investments as opportunities in other countries prove more profitable. The Sunday Times has reported that countries such as Dubai, Bulgaria and Canada are proving particularly popular with people hoping to find property abroad. They are looking especially attractive given the fall in buy-to-let rental yields in the

Around ten per cent of Britons’ inquiries into overseas property centres on Bulgaria, confirming the growing popularity of the country and Eastern Europe in general as a location for second homes. The Glasgow Evening Times also cites official figures showing that the number of such homes bought in Bulgaria has rocketed by 38 per cent

Turkey’s overseas-owned property is continuing to flourish, according to new data released this week by the Turkish Land Registry General Directorate. The first quarter of this year has seen British interest explode, with buyers flocking to the southern coastline’s residential market. Developers are attracted to the popularity of holiday homes and retirement nest eggs in