Italy 'ticks all the boxes'
Exaggerated claims of property price increases in emerging European property markets led to a slight downturn in investors purchasing in Italy, traditionally a popular destination for Fly to let buyers claims one of the country’s specialist agents.

Fortunes have now been reversed and ‘irrepressible Italy’ as a tried and tested market has gained further ground.

Sarah Ferrara, Director of Garda Homes, said: “Italy was recently promoted into the top five countries of choice, by readers of a popular overseas property magazine.
“With so many people now actively pursuing an overseas property investment, many have become aware that traditional markets such as Italy offer by far the best route to market.

“Italy is an established market that sees strong growth each year and is backed by an impressive rental market which is imperative to those who are looking to finance their property for the duration of their investment.

“To be successful in the overseas markets, property investors have to do their homework and they need to be sure that the country they are investing in has the right ingredients to safeguard their investment. Italy however ticks all the boxes!”

Garda Homes are currently marketing, Residence Borgo Le Torri, in Toscolano Maderno offering views over lake Garda and the surrounding mountains. The one bedroom, 1st floor apartment has an entrance hall, living room with kitchen corner, bedroom, bathroom and a large covered loggia for dining. There is a communal swimming pool and private garage.

Residence Borgo Le Torri is available for £180,700 but Garda Homes have properties available from £65,000 rising up to £7 million.

Islands evade political turmoil
Thailand is well worth investigating as a property investment location, and is already known as one of the world’s best spots for a fly to let holiday home purchase.

However, potential property investors considering an Asian purchase could find that Thailand’s property investment market is currently a mixed bag.

Bangkok was recently listed as one of the 20 top tourism locations in the world, which should make a property investment there a good one.

But research may show that capital appreciation, having long been high in Thailand, with all other investment considerations, has been affected by political turmoil of late, most notably the coup of September 2006.

Nonetheless Thailand is still one of the best countries in Asia for a foreign property investment - there is no inheritance or gift tax, capital gains are treated as income tax charged at the standard rate, and foreigners can buy condominiums freehold.
Foreigners can invest in property other ways, but purchasing a condominium is the easiest by far. Even with the political turmoil; rental yields still hit the 8 percent mark in Bangkok.

A rising star in Thailand’s (and Asia’s) tourism industry is the island of Koh Samui, which has barely been affected by the political turmoil on the mainland - if at all.

Potential investors will mostly find excellent resort property on Koh Samui. As tourism grows on the island, and it begins to attract the higher end of the tourism market, as oppose to mainly back-packers, the villa resort properties can attain rental yields of 10-12 percent relatively easily, and a conservative estimate on capital appreciation is 15-20 percent.

Island properties through David Stanley Redfern include 2 bedroom apartments at £100,000 through to 5 bedroom villas at £695,000.

Don’t overlook German potential
The benefits of opting to make your overseas property purchase in one of the world's few truly established property markets like Germany should not be overlooked according to David Stanley Redfern which has recently added 14 new Berlin investment opportunities to its overseas property portfolio.

The company is able to offer 70 percent loan to value mortgages on all Berlin apartments because of an arrangement with a major German bank.

Germany's property boomlet fizzled out as quickly it began, but Berlin was a strong property market before the mini-boom and remains strong.

In Berlin the demand for quality housing far outweighs the supply. Tenanted apartments offer investors a chance to earn an immediate income. Un-tenanted apartments can fetch yields of between 6 and 8 percent.

For example the 1-5 room apartments in Tempelhof Berlin, with prices starting from £37,000, come with a 6 percent guaranteed yield for the first three years.

Ernie adds a new club to his golf bag
Ernie Els, the former British and US Open Golf Champion, has officially launched the ‘The Els Club’ in Dubai Sports City. It boasts a 7,538 yard 18 hole championship course and will act as a global base for Ernie’s international design business operation.

Els said: “Today’s launch of ‘The Els Club’ here in Dubai is the first of its kind anywhere in the world.

Dubai Sorts City will be a truly timeless, world class golf experience for players at all levels.”

Profile Europe (UK) Ltd is now marketing Profile Residences in Dubai Sports City, an area the company says will offer excellent rental yields from two captive markets (residential and tourist).

There is a selection of Studios (sold out), one and two bedroom apartments available in the city’s ‘Westgate’ area, close to the main entrance, the retail district, sports stadia, including the newly upgraded 65,000 seater Olympic Stadium.

The development has a roof top swimming pool, saunas, gymnasium, games room, underground parking, 24 hour concierge, 24 hour security and is close to the central hub and Dunes Golf Course.

Prices start from just £131,900, with completion due in 2009.

Martin Bowen, UK Sales Director of Mayfair based Profile Europe (UK) Ltd said: “The Els Club is the first completed venue in Dubai Sports City and this has already had a major impact within Dubai.

“It is seen as the first part of the jigsaw, that when completed will become the hub for sports stars and fans from around the world. With so many sports being represented through this tailor-made city and training facilities second to none, the world’s media attention will be targeted here and that is great news for property investors in Dubai, especially Dubai Sports City, where I expect to see tremendous capital growth. Dubai Sports City will blossom into one of the worlds strongest rental markets.”

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