Overseas - Friday, April 07, 2006

This haven of natural beauty welcomes buyers.

Cape Verde, a collection of islands off the coast of West Africa, is increasingly recognised as the next tourism and property hotspot and is attracting huge amounts of foreign investment. It has recently been announced that a major new tourist project worth over $100 million is set to take place in the capital city of Praia, located on the largest of the 10 Islands, Santiago. This, along with the opening of the new international airport in Praia, is likely to lead to an increase in tourism, adding to Cape Verde’s property investment appeal.

Leading overseas agent, Avatar International, is currently representing two new apartment developments in Praia: Aguia and Santa Maria. Managing director, Amar Sodhi comments: “Santiago already has so much to offer, with lush forests, beautiful beaches and numerous sporting activities. The new Praia tourist project includes improvement of the harbour and beaches, as well as a luxury hotel and casino which will enhance the area. Aguia and Santa Maria are in close proximity to the new Praia tourist project, as well as the major banks, government departments and embassies. This means that both developments will be ideal for corporate as well as holiday lets, adding to their capital growth and rental yield potential.”

The Aguia and Santa Maria apartments are situated next to each other in the heart of Praia, the financial district of Cape Verde, overlooking Gamboa beach, which will be transformed with imported white sand from the coast of Africa as part of the investment programme. Gamboa beach is the largest on Santiago Island and is just 200 metres from the apartments. Numerous cafes, restaurants and bars are also nearby. Several golf courses are currently under construction in the local area and the new international airport is just 5km away.

Both developments are of modern design, finished in crisp white rendering with plenty of glazing to create a clean, contemporary look. Both developments incorporate CCTV cameras for security.
Aguia incorporates 13 four bedroom duplex apartments, all of which are designed and finished to a high standard. Each apartment has ceramic mosaic floor tiling throughout and includes a kitchen/dining area with fitted cupboards, worktops, cooker and extractor fan as well as a washing machine. There is also a large open plan living and dining area. Bedrooms are of a generous size and there are two fully fitted bathrooms, some with Jacuzzi’s. Each apartment has a balcony with fabulous views of Gamboa bay. The development also benefits from a private swimming pool.

Santa Maria incorporates a collection of 36 three bedroom apartments. Each apartment has ceramic mosaic floor tiling throughout and includes kitchens with fitted cupboards, worktops, cooker and extractor fan as well as a washing machine.  There is also a large open plan living and dining area. Bedrooms are generously proportioned and each apartment has two fully fitted bathrooms with spa baths. Apartments also benefit from a balcony, some with fantastic views of Gamboa bay.
At present, the quickest route to Cape Verde is via Lisbon from Heathrow or Gatwick, with a flight time of approximately seven hours. It is anticipated that Cape Verde Airlines will be launching direct flights from the UK to Santiago’s new international airport starting in November, which will shave two hours off the journey.

Completion of both Aguia and Santa Maria is planned for August 2007. Prices at Aguia are from €224,999 for a four bedroom duplex apartment. Prices at Santa Maria are from €104,000 for a three bedroom apartment. For further information, contact Avatar International on telephone: 08707 282 827 or visit: avatar-international.com

For those wondering where the best place to invest in property, investment specialist Assetz has brought together key investment criteria for overseas property hotspots to form a comprehensive investment tracker.

The tracker reveals that in the first quarter of 2006 Bulgaria has stormed past Cyprus to the top of the table, offering a staggering 116 per cent return on cash invested. Deposit levels of 30 per cent are easily accessible to most investors due to the relatively cheap property, with a typical two-bedroom apartment costing in the region of £80,000. Bulgaria is now establishing a stable resale market and proving it has staying power as an investment destination, says Assetz.
Although the level of house price growth is expected to tail off slightly during the remainder of 2006, overall market growth will remain high, alongside excellent yields of 12 per cent in quality areas such as the ski resorts of Bansko and Bovorets.
 
Cyprus is not far behind and offers a lower-risk opportunity for investors. Low deposit levels of just 15 per cent are possible now and Swiss Franc mortgages are available with rates of just 3.25 per cent, making borrowing more affordable. Capital growth is likely to remain stable at around 15 per cent which, combined with rental yields of eight per cent, results in a total of 84 per cent return on cash invested.
Turkey, a new addition to the tracker, is a special case as it currently does not allow mortgages for foreign investors; however, a change in legislation is expected later this year. Although gains are still strong, with 27 per cent capital growth and eight per cent yield, the change of rules concerning borrowing will have a dramatic effect on the housing market, potentially pushing up prices in key areas as much as 50 per cent in one year.

Growth in South Africa has slowed from 24.6 per cent to 15.8 per cent and is likely to continue falling. Mortgage rates, already 8.5 per cent are rising, prompting serious concern over the stability of the market. Yields fell from ten per cent to as low as five per cent in 2005, so rental income will fail to make a profit for many investors.

Stuart Law, managing director of Assetz, says, ‘Overseas markets are still offering excellent opportunities for investors, with Bulgaria and Cyprus now overtaking some of the more established destinations in terms of total return on cash invested.
‘However, investors should remember that high return is often associated with higher risk. Established locations such as France are still holding up extremely well against the competition, offering a total 68 per cent return on cash invested with an excellent holiday rentals market. With the low deposits requirement of just 15 per cent in France, the total return on cash is still exceptional at 68 per cent.
‘Cheap Bulgarian ski destinations are certainly in as much demand as quality resorts in the French Alps. However, for sunny destinations combined with quality investment returns I prefer the South of France and Southern Cyprus to the coastal resorts in Bulgaria.

‘Property in America is in a very tense state at present with conflicting statistics showing resilient existing home sales but collapsing new build sales volumes. The jury is still out on how safe it is to be investing in the States right now.’

The Black Sea coast of Byala is a lovely up-and-coming hotspot.

There are many well documented reasons to take the plunge into an investment on Bulgaria’s beautiful Black Sea coast. Mr Clarke, project director of KHG Development Ltd, says, ‘Over the years we have got to know the area very well and there are now more options than ever, for both holidays and investment. What’s right for you as an individual buyer depends on your view of what the ideal holiday investment should be - and of course your budget.’

Among the currently popular destinations are two well established tourist hot spots on the coast, known as Sunny Beach and Golden Sands. These areas offer resort facilities in abundance and given the long hot summers and the great prices, you will find everything you need here for a great family holiday. If, however, you are looking for a more low-key and naturally picturesque location, then we may just have the place in the sun tailored to suit you – Byala.

The town of Byala is situated on a picturesque coastal peninsula between the two international airports of Varna (50km north) and Bourgas (80km south). Both tourists and artists have compared the region to the South of France due to the natural beauty and effervescent light. Byala is located within an area of green rolling hills opening out to wonderful views to the blue sea with spectacular, colourful sunrises and sunsets.

The last hills of the Balkan Mountains rise only 6km south of Byala, which gives the combination of mountain and sea views and makes this town unique. Byala has some fine vineyards and the traditions and associations with the local wine industry date back to ancient times. The local white wine will ideally complement the catch of the day - local fishermen sell their catch directly from the waterfront. The town of Byala is still developing and only low-rise development is permitted, protecting the landscape from unsympathetic construction. There are many new hotels, restaurants, small resorts and other attractions at this little sea paradise, offering a lot of things to see and do. The small port and marina are nestled at the southern end of the town and look directly south to the historic larger town of Obzor.

The average summer temperature is about 26 degrees and the sea temperature is a warm 28 degrees in July and August. Swimming is enjoyable for seven months of the year.
Byala is an up-and-coming hotspot, due in part to the hospitality of the locals, the excellent access to many tourist activities and the attractiveness of Byala. From the many vantage points in the town you can see panoramic views of the sea to the east and south and west to the hinterland and mountains.
Bulgaria’s fast-approaching EU membership will inevitably make this area even more desirable, so don’t hold back and let this opportunity pass you by. Already there are many British nationals who have purchased their own piece of paradise in Byala. Local agents tell us that interest is also booming from Scandinavian, German and Russian buyers and holidaymakers. We think the timing is perfect for Byala.
There are some superb apartment complexes being built (starting at about £27,000 for a one-bedroom apartment) on the south- facing slopes of the town next to working vineyards and just a few minutes’ stroll down the hill to the beach. Further details on the luxury Sea Breeze Apartments can be obtained directly from the developer.

Call KHG Development Ltd on 020 7993 2743 or visit BulgarianLiving.com

If golf is your hobby, these fantastic Spanish properties are must-sees.

Golfers who have thought of buying abroad would certainly be interested in a home within ten minutes of a top-class golf resort. Whether buying for a weekend retreat, corporate visits, holiday home, investment or retirement abode, these new homes, at Lomas De Cuevas on the Costa Almeria, make perfect sense.

And the proximity to excellent golfing is not the only advantage to this development. Lomas De Cuevas is situated on the edge of the beautiful and historical Spanish town of Cuevas del Almanzora, which hosted the 2005 Mediterranean Games, and the infrastructure created for the Games continues to benefit the local and regional communities.

For the golfer this is a paradise. Just ten minutes from these new homes is Desert Springs Golf Resort, while Valle del Este Golf Club and Marina de la Torre Golf are15 to 20 minutes by car. These are already in situ and more are being planned.

Craig Stocks of selling agents Eden Villas says, ‘What is particularly appealing about these properties is that for those who do not play golf there are other activities readily available, not least the beautiful beaches of Vera, Palomares, Garrucha and San Juan de Los Terreros. A little further afield is the coastal resorts of Mojacar and Mojacar old town, set in the foothills of the Sierra Cabrera mountains.’
Getting to your holiday home at Lomas De Cuevas is simple. Almeria airport is only 30 minutes away, while Alicante airport is an hour and three-quarters.

The first phase of the complex comprises two-bedroom, two-bathroom apartments set in private grounds with landscaped garden areas and a communal outdoor swimming pool. The properties benefit from a fully fitted kitchen complete with white goods. The homes are also pre-installed for air conditioning and the price includes private underground parking.
Homes at this desirable development range from £75,000 to £82,000. To arrange an inspection visit or for further information contact Eden Villas on 01382 505101.

International Property Sales (IPS) Ltd offers homes in two luxury golf resorts. El Valle offers the utmost in luxury living, the crème de la crème of golf resorts. Situated in Murcia, El Valle consists of 688 luxury villas and apartments all set within 1.1million square metres of land surrounded by an 18-hole golf course designed by world-renowned Nicklaus Design. And as a special incentive, IPS Ltd is offering one of a range of luxury cars, including the latest Mercedes B Class, with every luxury villa that is purchased through them. Prices for the luxury villas at El Valle start from €500,000.

Jardines de Alhama is a carefully designed development of apartments, integrated within a luxurious garden amid various parkland and developed to maximise the enjoyment of the surrounding landscapes. This collection of apartments has been designed to traditional Mediterranean architecture with a whitewash style. The ground floor apartments feature terraces leading onto private gardens, while the upper floor apartments boast terraces and a spacious solarium. Every apartment  at Jardines de Alhama bought through IPS Ltd will come with a free state-of-the-art widescreen plasma TV worth £1,500. Prices for the two-bedroom apartments start at €119,500 and three-bedrooms are priced from €131,000.

Conditions apply to IPS’s incentive packages. For further information contact 0845 600 8866.

Alan Everitt of Online-Landlord looks at a Bogaz Hilltop Village, which offers great value for money in a historic setting.

Bogaz is a delightful fishing village offering charming fish restaurants and harbourside cafés. Farmagusta is only 20 minutes drive down the coast and Ercan airport is just 35 minutes away. In this wonderful location you’ll find a mixed development of affordable apartments, semi-detached and detached villas. The Bogaz Hilltop Village development is on the Eastern coast and set beside the longest stretch of natural sandy beaches on the island. The sandy beaches nearby and the communal swimming pools make this a real value for money destination for those with active children or grandchildren.
History is all around. Nearby is Kantara Castle. Kantara means ‘bridge’ or ‘arch’ in Arabic – probably so named by the Arab invaders in the past. In fact the whole setting of the terrain looks like an arch and commands excellent views of the seas on both sides and of long stretches of plain all around it. It was originally built by Byzantines against the invasions of the Saracens. Further up the coast, about 5km east, are the foundations of Strongylos Castle, a Byzantine watchtower enlarged by the Knights Templar in the 12th century.

The development is almost fully sold out, which is a testament to its popularity. It contains two types of apartments: the Simfoni Apartments, with a remaining choice of second-floor apartments of 102 sq m with balcony or a top-floor apartment measuring 168 sq m including fabulous Roof Terrace; and the Rhapsodi Apartments (only five left of these!) are ground- and first-floor maisonettes of 110 sqm with either terrace or balcony.

The apartments offer great value for money. Each has a master bedroom with en suite shower/WC and fitted wardrobes, as well as a second bedroom with fitted wardrobes, family bathroom, open-plan living/dining room, a fully fitted kitchen including oven, hob, washing machine, fridge/freezer, air Conditioning as standard, and a great balcony. The third-floor apartments include a large roof terrace. All property has a land guarantee from a major UK PLC.

The remaining units are ready to move into. The Bogaz Hilltop Apartments are ideal for any one who would like a quick purchase and a bargain, not to mention benefit of the anticipated property price rises.

The past month has seen the publication of two excellent books on buying abroad

Spain has undergone an amazing transformation during the 30 years since the end of Franco’s authoritarian regime. Tourists who visited the country before 1975 remember it as a stagnant society with high unemployment, lagging behind the rest of Western Europe. Since then the country has emerged as a prosperous and flourishing nation, on par with the rest of Europe; attracting thousands of retirees and younger people from Northern Europe, who have made a conscious decision to re-locate to Spain, not just for the climate but for a better lifestyle.

Spain: Your Guide to a New Life provides all the information necessary to make Spain your new home. Written by experienced author Harry King, this book provides unbiased advice on life in modern Spain, including; buying property, finding employment and the essentials of day-to-day living. The book also gives a valid insight into Spain’s history, culture and customs. It covers:

Pros and cons of life in Spain
Employment
Retiring to Spain
Buying a property
Food and drink
Arts, literature, music and architecture
Travel and communications

The book also includes a section entitled ‘What they don’t tell you in the guide books’ where Harry King applies a no-nonsense approach to subjects such as: climate, behaviour, integration and employment.

Spain: Your Guide to a New Life is the ideal book for anyone considering starting a new life in Spain. It will provide valuable information for foreigners at work, rest or play – enjoying retirement, taking a long term break or seeking employment.
Author Harry King is the author of several books on aspects of living and buying in Spain and currently lives in Alicante.
Spain: Your Guide to a New Life, published by How To Books Ltd, is available at £12.99 from major bookshops and online retailers across the country.
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For those whose eyes are turning to France, Need To Know? Buying Property in France is invaluable. Penny Zoldan’s book is a one-stop guide to all the knowhow and insider tips you need to choose and buy that perfect French property.

From where to look for your ideal property to sorting out your finances and navigating the complex French buying system, this is an excellent reference. You will get information on all stages of the process, starting with the preparation and search (the best ways to source your property, which types of home are available in the different regions, getting your finances together, what to ask your property agent, viewing etiquette etc) through to the process of making an offer, and finally giving tips on enjoying your new life in France (schools, renovating your property, even buying a business in France).
Need To Know? Buying Property in France is written by French property expert Penny Zoldan, who has seen many changes in the French property market during her 16 years in the business. This is an essential and up-to-date guide for anyone thinking of buying property in France.

Malta is a wonderful, sun-kissed Mediterranean destination – and those who are looking to buy there will find a wealth of high-quality property. Under the terms of Maltese law, non-EU citizens and EU Citizens who do not intend to be residents of Malta may only purchase apartments or maisonettes above 34,158 Maltese lira (MTL) in value and houses of any other kind above MTL56,930 in value (these convert to approximately £54,000 and £90,000 respectively).

One example of the high-quality property currently on the Maltese market is a beautifully converted house full of character in the Attard area, currently available through Buy Abroad.
This character property has come on to the market for the first time in many years, offering not only an abundance of space and a great location but also a great investment opportunity. The home, which is over 300 years old, is beautifully presented and boasts a wealth of features. Situated in one of the island’s most sought-after village locations, the home is not likely to remain on the market for long.
The home has a striking large front elevation – and thanks to its recent renovation it provides all the modern conveniences and luxuries a buyer wants, but with a traditional feel of a bygone age.
Accommodation is comprised of a large hall, followed by a separate living room over 20 feet in length. There is a dining room, kitchen, shower room and a study downstairs. The original stone stairs lead to three bedrooms, one being of a very good size along with a large sized new bathroom.

One particularly beautiful feature of this traditional house is the courtyard, with its original tiled floor and arched doorways. Here the present owners have planted an array of flowers, making this the focal point of the property and an ideal space in which to entertain or enjoy the warm evenings.
John Reilly UK sales manager of Buy Abroad, says, ‘This property is exceptional. It has oodles of charm yet benefits from all modern day luxuries. It is ideally located and would make a fine family home or would be ideal as an investment property for those looking to step on to the rental market. The space available and the location alone would mean that renting this property out would not be difficult.
This character residence, which was recently converted, is now on the market through Buy Abroad at just £206,453. For further details regarding any of these properties call 01234 401551 or visit buyabroad.com.

Buy Abroad has many newly built homes for sale in Attard as well. An elevated ground floor freehold maisonette, for instance, is on the market at 69,900 Maltese lira  (approximately £110,500). The property is extremely well finished, with scraped walls and unique architectural characteristics. Accommodation consists of an open-plan fully fitted kitchen/dining/sitting room with stone unit and functional gas fireplace. The main bedroom has an en suite shower; there are two further single spare bedrooms. A two-car garage is included in the price.

Meanwhile, in Birguma, a detached villa is new to the market. Set on approximately 1,500 square metres of very well-situated land, this delightful villa enjoys an unusually bright layout as all rooms are built surrounding the pool area. The unique accommodation comprises hall, sitting/dining room with fireplace, living room, study room, brand new fully fitted kitchen, three/four double bedrooms, bathroom, en suite shower room, guest WC, and a large street-level basement with possibility for conversion into a two-bedroom flatlet. There is also a mature garden with large pool and deck area, Jacuzzi, air conditioning throughout, two-car lockup garage and large carport. This property is on the market at MTL450,000 (approximately £711,000).
For further details regarding any of these properties call 01234 401551 or visit buyabroad.com.

An opportunity to buy in beautiful Budapest

The release of phase two of luxury apartments at Budapest’s Marina Part development has spotlighted the huge demand for property in Hungary’s beautiful capital.

A recent viewing, open to existing owners of earlier projects by developer Autóker Holding, became a virtual stampede – proof that there is a particularly big market for this type of apartment in this location. River-view apartments and those overlooking the marina itself were in especially high demand; it was estimated by the end of the day that around 50 per cent of the apartments with Danube-facing views had already been reserved. ‘The interest has been beyond our expectations,’ said an exhausted Eszter Vadas, assistant sales manager of Autóker Holding Plc, Hungary's most respected developer.
It was announced during the launch that against fierce competition, Hungary Property Ltd, based in Crawley, West Sussex, has been awarded the exclusive rights to market and sell Marina Part apartments in the UK. ‘It is a privilege to continue to be part of this unique project,’ announced Martin Padfield, managing director. With 70 per cent mortgages now widely available, no agency or finder's fees and a streamlined buying process, there has never been a better time to invest in Marina Part.’
Marina Part comprises up to 3,000 residential units within a 300,000 square metre area on the banks of the River Danube and promises to be one of the best and most beautiful 21st-century self-contained neighbourhoods in Europe, comparable to Canary Wharf or Brighton Marina.

In 2004 it was crowned Best Residential Project in Hungary for the year by the readers of Resource magazine; in the spring of 2006 it will be featured in the Channel 4 programme, A Place in the Sun. It is located in Budapest’s District 13 along a previously undeveloped stretch of land around a natural lagoon in one of the most scenic and virginal areas of Budapest. As well as fabulous views of the Danube and the Buda Hills, it will offer gardens, promenades, its own shops, leisure and sports facilities (including a large swimming pool), restaurants and cafes – all within easy reach of the city centre. The apartments range from 40 to 140 square metres; all have balconies and most have a river view. Priced from only £54,000, an apartment there represents an ideal buy-to-let investment opportunity and a beautiful place to live.

Padfield continued: ‘Autóker feels that Hungary Property is the best company to forward the investment opportunity that Marina Part offers to the UK public and we promise to honour their decision by continuing to provide to UK investors the best service possible.’
Reservations are now being taken. Some Danube-facing apartments are still available but are going fast. For further information call Hungary Property on 0870 443 9001. Visit marinapart.co.uk and hungaryproperty.net.

A new opportunity on the Costa Blanca.

The chance to sample the best of Spanish living is now easier than ever. Taylor Woodrow de España, the only UK-based Spanish house builder, is offering eager house hunters in search of property on the Costa Blanca the opportunity to experience its selection of two-bedroom apartments at Lagos de Alenda as part of a unique ‘lifestyle visit’.
‘Lifestyle visits’ are tailor-made trips for interested purchasers to get a flavour for life in Spain and take a closer look at the stylish properties available. Taylor Woodrow’s UK-based European Sales team will arrange flights from your nearest airport, transport to Lagos de Alenda, and conveniently situated accommodation.

Visitors can also benefit from the sound advice and assistance of the company’s English-speaking team of experts on site, who will be on hand throughout the visit and can provide any necessary contacts such as Spanish lawyers, finance management and rental and removals companies.
Barbara Hibbert, European sales and Marketing Director for Taylor Woodrow de España, said: ‘Buying a new home abroad is undoubtedly a big step and the more information purchasers have about the properties and their location, the more confident and happy they are in their move.  We understand the need to address individual concerns, therefore we have introduced “lifestyle visits” to Lagos de Alenda and other selected developments for prospective purchasers.’

Situated in a prime Costa Blanca location, near to Alicante, Lagos de Alenda is a luxury apartment scheme with each spacious home built to the highest specification, with fitted wardrobes, two bathrooms, and fitted kitchen with oven, hob and extractor fan, and utility room. An attractive sun terrace provides the ideal space for soaking up the Mediterranean sun, and there is an allocated basement parking space and storage room perfect for storing golf clubs.

Many of the homes have views over rolling landscaped grounds, where there are two lake-style swimming pools, or the 18-hole Alenda Golf course, which is adjacent to the development. Facilities include a friendly clubhouse, tapas bar and restaurant. Lagos de Alenda is well placed for both weekend getaways and lengthy sunny holidays, with Alicante Airport just a short drive away.
Barbara added: ‘I believe potential purchasers will be surprised by how affordable the apartments at Lagos de Alenda actually are. These stunning homes have been built to Taylor Woodrow’s exacting construction standards and are set in beautiful surroundings. The properties represent great value for money and I would urge anyone interested to take a closer look through one of our lifestyle visits. The dream of living in Spain is far more achievable than they think.’

Taylor Woodrow has been building homes in Spain for more than 45 years. The company provides a specialised service and dedicated team who can help and advise through the entire process of choosing, buying and settling into a new Spanish home.

Taylor Woodrow de España currently offers homes on the Spanish mainland at the Costa Blanca, Costa del Sol, and on the Balearic Island of Mallorca. For further details telephone the UK sales office on 0121 600 8961 or go to taylorwoodroow.com/spain. Alternatively, call the brochure hotline on 0845 450 1555.

An exclusive new shared freehold development near one of the world’s most fascinating cities.

British developer Amazing Morocco has launched Bab Adrar d’Atlas (meaning ‘gateway to the Atlas’), the first-ever shared freehold development in Marrakech. Situated 20 minutes from the vibrant city and with views of the spectacular High Atlas Mountains, Bab Adrar d’Atlas is a group of platinum-standard luxury villas with on-site leisure facilities.

Marrakech, voted one of the top ten worldwide holiday destinations by Condé Nast Traveller, is renowned for its colourful markets, friendly Berber people and vibrant nightlife. More recently it has become quite a celebrity haunt, with Will Smith, Yves Saint Laurent, Jean Paul Gautier, Richard Branson, Ridley Scott and others having bought holiday homes in the city or the surrounding countryside.
Millions of pounds are being poured into the country’s infrastructure by Morocco’s King Mohammed and the tourist board has set an objective to double the number of tourists in the next five years to ten million – a similar situation to the dynamic property climate in Dubai. More flights are available from more UK airports and Marrakech is ripe for a renaissance.

Bab Adrar d’Atlas is an exclusive development of ten beautifully crafted properties, ranging in size from 400 to 677 square metres. Designed by top Moroccan architect Karim el Achak, the two- to four-bedroom villas combine the best of traditional local style and modern European comfort. Each home comes fully staffed with a chef, housekeeper and maid and enjoys a private swimming pool, garden terrace and landscaped gardens.
The on-site facilities include a spa with a Hammam therapeutic steam room, tennis court and golf putting green. The development is situated near three championship golf courses and within easy access to mountains, beach and desert. Marrakech and the international airport are both just 20 minutes drive away.

The properties are being offered on the basis of a one-seventh share of the freehold. Owners will have a titled share of the property and will be able to enjoy free occupancy for six weeks per year (four weeks peak and two off-peak), according to a rotating priority system. This means that each owner will regularly have first call on peak season occupancy, such as Christmas, Easter, New Year and spring holidays. An annual fee covers all property management, thus taking away the stresses and costs of full ownership.

Amazing Morocco’s Director Simon Clothier says, ‘Not everyone wants to commit capital to buying a luxury property like this, or has the holiday time to spend there to justify outright purchase. At Bab Adrar d’Atlas you buy only what you intend to use and at a fraction of the cost of owning outright. And because you own part of the freehold in a buoyant property like Marrakech, your investment is highly likely to increase in value.’

Bab Adrar d’Atlas offers breathtaking views of the mountains as well as extensive olive groves and orange trees. Construction has started and the first phase of homes should be finished and ready for occupancy in spring 2006. Shared freehold prices range from £85,000 for a fully furnished two-bedroom luxury villa (400 square metres) to £110,000 for a four-bedroom spacious villa (677 square metres). The villas can also be bought outright, either furnished or unfurnished, at prices ranging from £445,000 to £595,000. Call Premier Resorts on 020 8940 9406.

Winter and summer, buyers are flocking.

Bulgaria is popular with both snow bunnies and sun worshippers, and those in the market for an overseas investment will find themselves spoilt for choice when it comes to resort property in this up-and-coming country.

Michael Johns, director of The Right Move Abroad says, ‘The level of interest in Bulgaria has been far more than we had ever imagined. Investment is the key to this new interest. Overseas property is now open to everyone. With traditional areas such as Spain clearly not top of the investment ladder anymore, this has led to new countries such as Bulgaria reaping the rewards.’
For warm-weather holidays, it is hard to beat Vega Village in St Vlas, which offers very reasonably priced investment properties close to Sunny Beach. Available through The Right Move Abroad, these properties are minutes from the beach and involve only a 30-minute transfer from Bourgas airport.
This new development is set on an area covering 12,000 square metres and offers peace and tranquillity, with no other construction work taking place on either side. It provides direct access on to the sandy beach and is close to all local amenities.

Vega Village consists of three complexes as separate buildings and brings to the market studios as well as one- and two-bedroom apartments. The apartments are spacious and come fully furnished, including satellite and phone connections. The developers offer a number of extras for those buyers who want to personalise their property. The complex also offers two swimming pools, spa centre, restaurant, bar, parking and BBQ area.
Prices at Vega Village start at £45,080 rising up to £72,000 for a two-bedroom apartment. Call 0208 453 7514 or visit therightmoveabroad.com.

For those with more winter pursuits in mind, Bulgaria is also famous for its skiing. And Assetz has launched two developments off-plan to investors in the prime Bulgarian ski resorts of Bansko and Borovets. Thorough research has been carried out into the background of the developers to ensure they are reputable and credible. Ten apartments are for sale in Borovets which will complete in January 2006, priced from €76,961 for a studio (approximately £52,236) and €78,897 (£53,524) for a one-bedroom apartment. A guaranteed rental scheme is available offering a yield of 9 per cent. Eleven apartments are for sale in Bansko, due to complete in March 2007, priced from €58,353 for a one-bedroom apartment, with ‘ski to your door’ access.

Assetz is a group of well-known and successful property investment companies offering selected UK and overseas property, as well as education, buying assistance, finance and after-sales service, to those buying as an investment, holiday home or both. Contact them on 0161 456 4000 or visit assetz.co.uk.
Emerging Real Estate offers Bulgarian property in both coastal and mountain areas. On the coast, Nessebar Fort Club is a complex of 200 apartments located on the Black Sea Coast at Sunny Beach, close to the water park of Aqua Paradis. Prices start at €735 per square metre. Call 0113 389 9570.

 Buena Vista Village is located near the village of St Vlas, just 200m from the sea. One- and two-bedroom apartments are for sale at prices ranging from €73,000 to €167,000. Call 0113 389 9570. Marvel Residence is an exclusive development of 28 apartments on the outskirts of central Varna. The properties range in size from 38 to 180 square metres and are located on the road to the Golden Sands Resort next to the coast. One-bedroom apartments start at €61,000.

Ski-wise, the St John Ski and Wellness Centre offers apartments located on a hill top in Bansko, the newest of the Bulgarian ski resorts. Prices range from €42,000 to €162,000. And Orpheus Valley is a complex of 80 luxury apartments a few minutes’ walk from the main Ski lift in Pamporovo. Studio, one- and two-bedroom apartments are available from €35,000. For more information about any of these properties call 0113 389 9570 or visit emergingrealestate.com.

Those who wish to buy overseas should first ask themselves ten questions, says property consultancy JPMWorldwide

As with any investment, those buying overseas should get as much information as possible and consider every possible outcome before deciding on a plan of action. JPMWorldwide, an international property consultancy with over 30 years’ experience in the overseas property industry and a portfolio of properties in such desirable locations as Spain and South Africa, suggests asking yourself the following questions before buying.

Am I ready?

Before you even start trawling through the internet or picking up the phone, spend some time deliberating over what it is that you want from the property. There are so many options available across many different markets that without a clear idea of what you want from the property you are likely to become very confused very quickly.

What are my options?

One of your major decisions is whether your purchase is first and foremost for your own use or as a capital investment or to provide a rental income. This will help to identify what type of property you wish to purchase and, of course, where.

Where in the world do I buy property?

One of the main things that you must do, particularly from an investment angle, is to look at the property market that you wish to enter. The object of this research is to see how the economy is progressing and where it is heading.

Where do I start?   

Take advantage of a property consultancy company, as this will reduce the worries and stresses throughout the purchase process. It will be particularly useful if they have offices in the UK as well as your chosen country. You should then be able to form a relationship before you undertake any inspection visit and be confident that you will make the best use of your time abroad.

Should I let the property?

Although this is an excellent way to generate some extra cash, it can use up a lot of your time and energy. One important thing to remember is never to be persuaded to buy and then have to rely on renting to cover a mortgage. Renting your property is not always as easy as it sounds and you don’t want to risk losing your property if you can’t pay the mortgage. With some investment properties a guaranteed rental income may be available.

How well do I know the area?

It’s a good idea to talk to people who have purchased in the area that you’re looking at. Hearing about the pros and the cons can help with your buying decision. Knowing what facilities are available are particularly important if you plan to rent so that you can inform clients of what the area has to offer. Key attractions would be golf, beaches, and rural and town settings.

Should I make an inspection visit?

This is dependent on two main factors: why you are investing and whether you are using a property consultancy. If you are buying your 'dream home' then JMP feels that it is vital that you visit the site and area. If you are buying purely as an investment and you are doing so through a consultancy who have specific knowledge of the country, area and site, then you should be confident that your consultancy will advise you correctly. A good consultancy will be able to focus you on the elements of an investment that will and will not make you money.

How can I avoid any pitfalls?

Use a solicitor who is recommended by the locals. Also make sure that the solicitor is fluent in your language, as well as that of the country you are buying in.

Is it all too much?

If you’re not clear about any point of the purchase process, make sure you ask for an explanation. Don’t be blinded by jargon that you don’t understand.

Are there deals to be had?

There are often offers, particularly with mortgage options and payment terms, so don’t be shy about asking. It’s also worth enquiring about the possibility of a furniture package or other reduced-price extra.

Panama, nestled between the Caribbean and the Pacific, is the next big investment area.

Panama is an undiscovered country that boasts a wealth of natural beauty. The Central American location is only 80 kilometres wide at its narrowest point, making a trip from the Caribbean to the Pacific coast less than two hours. There are many national parks with an abundance of wildlife to be explored along with crystal clear waters of both oceans. For this reason tourists and investors alike are flocking to this tropical paradise.

Tony Sparkes, managing director of AGS Properties (UK) says, ‘Panama is going through an exciting period. In recent years many North Americans have ventured south, making this a popular destination. This increased popularity has led to a building programme which is set to dominate the international property market. With prices considerably lower than the “new countries” of Eastern Europe I believe those who invest in Panama at this early stage will undoubtedly reap the rewards over the next few years as it makes its name on the international stage.’
AGS Properties (UK) is offering a superb new apartment block situated in the bustling Panama City area. This premier property is ideally located allowing for a peaceful retreat but still close enough to allow access to all the services and amenities of the city. There are unparalleled views of the mountains and coastline as well.

The accommodation is made up of two- and three-bedroom apartments with large living and dining areas, two bathrooms and a quality fitted kitchen. All apartments also have a private terrace which can also be glazed to provide extra space if necessary. The properties also boast many other features, such as a magnificent roof terrace, perfect for taking in all the surrounding natural beauty. There is also a clubhouse with recreational area including a superb swimming pool, BBQ area, children’s play area and gym.

The apartments are being built in a prime location, says  Sparkes. ‘And as the building industry steps up pace in Panama City to cope with the demand from overseas visitors and investors, this development will undoubtedly become one of the most prestigious addresses in the City. With prices starting from only £39,500 for a two bedroom apartment it is not surprising that many have already been sold off-plan at this early development stage.’
AGS Properties (UK) Ltd markets a wide range of properties throughout Panama, Brazil, Europe and South Africa – specialising in properties that suit most people’s budgets and desires. To find out more about the Panama properties, or any other developments in AGS’s portfolio, call 0870 609 3286 or visit agsproperties.com.

The exotic yet easy-to-reach destination of Turkey is popular with investment buyers and holidaymakers alike. We look at a couple of current property treats.

Turkey, gateway to the East, has fascinated us for centuries, and is now one of the most popular holiday spots for Britons. Its history and beautiful architecture, combined with its Mediterranean coastline and beautiful beaches, adds up to a wonderful place to visit. And now Turkey is becoming known as a great place to buy property.

Propertiesabroad.com announces the launch of its most exclusive luxury residential developments in Turkey, called King Lear and Hamlet Villas. The highly sought-after emerging market of Turkey has never seen anything like this before. Propertiesabroad.com is sure to attract celebrities to its exclusive new developments providing the ultimate in luxury living in Eastern Europe.

Carol Mann, director of Properties Abroa, says, ‘We are proud to be exclusively offering these resorts to those looking for an overseas investment. The developments will offer buyers the chance to enjoy luxury living with an array of five-star facilities at their doorsteps including private jetties for yachts. The developments are set in a stunning location, and the villas and apartments have the most amazing views one could have of the Akyarlar beach in Bodrum. It has been named by Forbes as one of the top 15 beaches in the world. We are certainly witnessing exciting times in the Turkish property market.’
King Lear offers the utmost in luxury living, with 13 massive four- and five bedroom villas all set in their own grounds with private pool and gardens. Hamlet Villas offers an array of properties – 25 villas and 30 apartments. The villas are set in their own gardens ensuring privacy at all times while offering stunning views. The apartments are very much like the villas, offering the utmost in luxury within ten apartment blocks.

Prices for the King Lear villas start from £440,000 for a four-bedroom villa. At Hamlet Villas, four-bedroom villas start at £225,000 and two-bedroom apartments are priced from £110,000. For further information contact Properties Abroad on 0845 644 7611 or visit propertiesabroad.com.

With skiing holidays more popular than ever, investing in a property in the French Alps is a smart move. We look at an upcoming treat at Chamonix.
Dedicated skiiers and  smart investors alike will be very interested in a newly launched collection of apartments in the gorgeous setting of the French Alps. Maison Neuve is an exclusive development of 12 apartments in Les Houches overlooking the Chamonix Valley, one of the most popular Alpine destinations.

The luxury two- and four-bedroom chalet-style apartments are spread over three buildings and boast a traditional alpine finish. The chalets will have underground garages, saunas, spacious living areas and will enjoy spectacular views over the Mont Blanc mountain range.
Les Houches boasts 55km of pistes and is ideal for beginners. From there you can ski the entire Chamonix valley, which encompasses 700km of pistes and offers slopes to suit all ages and abilities. In addition, the ChamSki pass is expected to include the Les Houches area shortly and the construction of a new telecabine is planned for 2007. It is likely that Les Houches and St Gervais-les-Bains will be joined by the new lift, which will be great news for owners at Maison Neuve.

Joanna Yellowlees-Bound, chief executive officer of selling agent Erna Low Savills says, ‘Chamonix is an extremely sought-after resort in which to own property and it is rare for property to be brought to the market in this area. One great advantage of Chamonix is its accessibility, being only an hour’s drive from Geneva airport. Maison Neuve will undoubtedly offer exemplary living combined with traditional architecture in one of the most exciting resorts in the Alps.’

Maison Neuve is the latest project by Midelin Investments Ltd, an Irish company which specialises in sourcing and developing high quality French ski properties that deliver both investment and lifestyle benefits. The company offers a customised service to buyers, easing the entire buying process and on-going management of the property by providing additional services such as processing legal documentation, finance advice, and introductions to local rental agents, accountants and service companies.

Stephen Byrne, Managing Director of Midelin Investments adds, "Property prices in this region of the Alps continue to grow and Les Houches not only offers excellent value for money but also good potential for rental income in both winter and summer. Maison Neuve at Les Houches combines the benefits of a ski-in ski-out resort with unparalleled build quality with an exceptionally high-quality finish. This is certainly the most prestigious development that we have ever been involved with.’
Prices will range from around €650,000 to €895,000. Construction is expected to start in September this year and the development is due for completion in December 2006. For further information contact Erna Low Savills on 020 7590 1624 or visit ernalowproperty.co.uk.