Month: August 2011

Dubai property near Metro stations gain 20% more rental

The on-going evolution of Dubai’s property market has been well documented over the last year as the emirate moves away from speculation driven growth to a more mature, segmented market place. Property prices are now being influenced by what is described as ‘real demand’ and the movement of residents and tenant to higher quality, more… Read more »

Spain: The world’s 4th most visited country sees tourism growth

Spain’s tourism industry is showing considerable strength despite the difficult economic conditions in Europe according to the latest findings. Spain welcomed over 32 million visitors in the first 7 months of this year, representing impressive tourism growth of 7.4% compared with the same period last year. Often overlooked, Spain still commands one of the world’s… Read more »

Bodrum leads the way for overseas property

According to the latest data from Rightmove, the region of Mugla in Turkey is one of the most sought after destinations in the world. The Rightmove Overseas Search report for May found that Mulga was the 5th most searched for region world. Mugla which is famous for the tourism hubs of Bodrum and Fethiye gained… Read more »

Spanish property IVA tax cut in half with demand on the rise

Low prices for property in Spain have kept demand boyant according to industry experts. Mark Stucklin, Spanish property expert and Managing Director of Spanish Property Insight explained that rock bottom prices are attracting buyers from across Europe. He said buyers are, “taking advantage of reduced prices and in some cases distressed sales from banks who… Read more »

Turkey property prices increase by 5.38%

Property prices in Turkey increased again in July representing growth on both a monthly and annual basis. Turkey’s Residential Property Price Index witnessed an impressive increase of 5.38% when compared with this time last year as well as 0.83% improvement on June’s values. Turkey is rapidly emerging as one of the world’s leading property investment… Read more »

UAE investor confidence surges after IMF growth forecast

The UAE is experiencing a surge in investor confidence provoked by a recent report by the International Monetary Fund (IMF). The IMF upgraded its view of the Gulf Cooperation Countries (GCC) in its 2011 economic growth forecasting impressive growth of 7.8%. Responding to the IMF report which highlighted the GCC’s positive economic outlook, one industry… Read more »

Dubai developer Emaar announces hospitality revenues up 20%

Emaar Properties, a major Dubai developer with a significant stake in Dubai’s retail and hospitality sector have announced a 20% increase in hospitality revenues in the second quarter of this year. Matthew Green, head of research and consultancy at CB Richard Ellis, a world leading commercial property advisor told Gulf News, “Emaar’s main cash cows… Read more »

Turkey continues to attract property investors

Property in Turkey has quickly become a favourite amongst British investors offering value for money in what is currently the world’s fastest growing economy. One industry professional commented that Turkey’s popularity stems from a number of factors. Andy Bridge, managing director of A Place in the Sun said, “It’s outside the eurozone – so sterling… Read more »