With a year of EU membership firmly under its belt, Bulgaria emerges into 2008 more positive for the experience. Strong economic growth, rising house prices and a booming real estate industry are just some of rewards this eastern European country and in particular capital city Sofia are reaping at present.
Continue reading ‘Sofia Property Bulgaria’

Ouch, it’s bad news for those hundreds of thousands of people who are planning on relocating to the southern hemisphere. The 2008 Demographia International Housing Affordability Survey has ranked the New Zealand and Australian housing markets as the most unaffordable in the English-speaking world.

Continue reading ‘Survey Highlights Unaffordable Property Markets’

According to figures recently released by Spain’s main estate agents’ association, API, half of the country’s 80,000 estate agents closed their doors for good last year, following one of the worst years on record for the country’s seemingly rock-solid property industry.

Continue reading ‘Half of Spanish Property Agents Close Their Doors’

flickr credit Olinster

It’s a good week yet again in the Middle East: the head of the World Travel & Tourism Council (WTTC) has announced that it is set to be the only region to remain on course for its 5% growth in its travel and tourism industries in 2008.

Continue reading ‘WTTC 2008 Prediction Of Middle East Tourism Growth’

The buying of a home overseas will almost inevitably require you to pay for the property in local currency – often in several stages.  If you’re based in the UK,  this will require you to initiate a currency exchange transaction from Pounds Sterling into the foreign currency.  It’s important to choose the right time to convert your funds to the new currency because if you don’t pick the ideal exchange rate, your property could cost you more than you expected.

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It’s official: Portugal’s new international airport won’t be built in Ota, as was previously announced. Instead, the £4 billion construction will be built in Alcochete, south of the river Tagus and is set to be ready for action by 2017. The new transport hub is expected to bring not only a much needed economic boost to the Portuguese municipality but also to real estate prices in areas surrounding areas the proposed projects site.
Continue reading ‘New Alcochete International Airport For Portugal’

Booming property sales drove the Bulgarian economy in 2007 as the country achieved a record-breaking property turnover of €11.36 billion, which according to local industry experts amounts to the total value of all land and property deals in the country over the past twelve months. Furthermore, figures collected by the Novinite news agency from real estate agencies across the country, calculated that the average price of a Bulgarian residential property rose by 18.6 per cent last year. Continue reading ‘Bulgarian Property Boom Tops €11 Billion in 2007′

Bahrain Air, the kingdom’s first privately owned, low-cost airline, was due to be launched last week but operations have been put back for at least a month, due to issues with staff training in Amman, according to sources.
Continue reading ‘Bahrain Air Launch Delay Prompts Tourism Worries’