Young Brits Snap Up Foreign Property 12/05/2008
First-time buyers in Britain are increasingly looking to snap up affordable houses overseas, it has been revealed. According to the Sunday Mirror, those who feel they cannot afford to buy a property in the UK are using foreign investments to generate money for a deposit. Emerging destinations with relatively low house prices were said to be very popular among this group, particularly if they offer a strong rental market as well. Many were also said be drawn towards fast-growing property markets, as investors who could potentially sell their house on at far more than the initial asking price. Commenting on the trend, the Sunday Mirror said recent house price falls in the UK have not significantly improved affordability for first-time buyers. The newspaper remarked: "Properties... more

Credit Crunch 'could Be Good For Investors' 24/04/2008
The ongoing credit crisis could create potential investment opportunities across the world, experts have suggested. According to Amberlamb, the recent drop in consumer confidence has made some property sellers desperate to offload their stock. Rhiannon Davies, director of the group, said this is particularly apparent in countries which have historically had a strong housing market. She believes that since these locations are still supported by strong "fundamentals" and are likely to recover at some point in the future. Therefore, buyers could potentially snap up a bargain during this downturn and wait for the market to pick up again in the future. Ms Davies commented: "Those who buy in very low today and cash in on the financial crisis will reap the dividends over the... more

Smaller Apartments Gain Popularity On Bulgarias Property Market 07/03/2008
Smaller apartments become increasingly attractive for property buyers in Bulgaria. The majority look for one or two-bedroom apartments, costing between 30 000 and 40 000 euro, Capital newspaper reported. Because of the lack of interest, construction companies split larger apartments before the final completion of real estate projects. The higher demand for smaller apartments resulted from the price increases since 2000. Costs were pushed up by the intense demand, aimed at purchase and sale for higher prices in the future. Supply meets demand for the time being, real estate agents said. At the same time, dealers of larger apartments said the interest toward bigger property remains steady. One reason for this is the decrease in the price of three-bedroom apartments, Capital reported.... more