Where the smart money is...

2007-06-05T00:31:00.000-07:00

With Spain still under the cloud of the "claimed" property downturn, buyers are now turning on to new overseas property opportunities. These include France, Montenegro and USA...

France
With the new priminister promising reforms both in business and social habits and the property prices in many regions already rising rapidly, France looks to be the next big one. With endlessly beautiful countryside and the huge choice, from the quaint little Normandy towns to Large glitzy Mediterranean resorts, the previously slow burning french property market is well overdue for a Renaissance period. To quote Jeremy Clarkson when discussing the vacation habits of the french "If you lived in heaven, why would you choose to holiday in hell". So whether you fancy a traditional farmhouse, a grand apartment or just maybe your own Chateau, we say that now is the time to buy.

Montenegro
Emerging from a previously checkered history with a guest appearance as the sophisticated resort in the latest bond flick Casino Royale, the former Yugoslavia promises to be the new darling of the rich and famous. With anual sunshine matching many more commonly considdered eportedly a "famous Russian businessman" is buying up coastal plots as quickly as he can get his hands on them. This in itself sounds like a plot from a James Bond film but it can only be good news for anyone looking for either capital return or a unique and prestigiously located holiday home.

USA
With the GBP/USD exchange rate at an a very advantageous level, there are some serious bargains to be had on the other side of the pond for the Brits. So if you ever fancied a dream house in Orlando or Log cabin in Colorado, this is a good time to jump in and do it. The really brave are considering the urban sprawl of Detroit, where entire tower blocks are changing hands for around the price of a 4 bed semi in the UK!!

Remember...where ever you invest your hard earned, always do your research and use the services of qualified property professionals.

Welcome to my new blog...

2007-05-08T01:43:00.000-07:00

Hi, So here we are, at the time of writing we are in the midst of a Spanish "property crisis". Does it occur to anyone else out there that Spain is always going to be there, just a short flight away from this grey and expensive country? Uk citizens are always going to want to go to Spain because its conveniently close and sunny. I think the "crisis" has been inflated by the press and should be taken with a "pinch of salt". As with all rising property markets, there will be acceptable levels at which property speculators and buyers will purchase. There are certainly developments out there that are purely "investment led" and there are properties that are more appealing to genuine buyers looking for a second home in the sun. The market may well be in for a certain alignment with other younger "hot-spots" but especially if you have bought off plan, the motto should be DON'T PANIC!! Other "competitor" markets are still rising and Spain will always bounce back. I have already spoken to people who are looking to buy now at discounts and wait for prices to re-align.

Dom's Overseas Property Blog

Where the smart money is...

Welcome to my new blog...