The rising star of the Balkan, Albania celebrates anniversary of independence

Albania

After a recent increase in economic growth following a construction boom, November 28th 2012 marks the 100th Anniversary of Independence of Albania from the Ottoman Empire in 1912.

In a speech to mark the centenary of independence, Albanian Prime Minister, Sali Berisha stated: “We have remained together through all circumstances. Deep in the hearts of Albanians there is the principle of “one nation, one stance”. Nothing can divide the spirit of a country”.

The celebration follows the ongoing bid for the rising Balkan tourist attraction to join the EU. Reaching EU candidate status would increase the economic benefits of Albania, making it attractive to property developers and resort owners alike.

Around 63 per cent of Albania’s foreign trade is currently carried out with EU countries. Obtaining EU status is expected to increase both the level of trade exchanges and the quality of Albanian products.

The European Commission recently announced that it will invest Eur81 million as the EU’s renewed financial support to Albania’s reform efforts.

Ravin Maharajah, Partner in Lalzit Bay Resort and Spa comments:

“As one of Europe’s most talked-about up and coming holiday destinations and investment territories, it is somehow appropriate that Albania is coming to prominence as the centenary of its independence approaches. This is a very important year for Albania."

Maharajah added,

“Indeed, Albania is a mysterious nation; where new tourism projects such as our 5-star Lalzit Bay Resort and Spa and other major infrastructure improvements are transforming the country. Albania will have one of the most impressive road networks in the Balkans, building 2500km of new roads in the last 6 years enabling every community to have access to a national road within 15-25 minutes.”

For those thinking of investing in foreign property, Lalzit Bay Resort provides the perfect opportunity.  A beach front position, and beautiful private landscaped gardens just moments from the beach, the 5* villas and apartments are designed to be the most coveted properties in Albania.

These stylish properties will include private swimming pools, a beach club, BBQ area, tennis courts and restaurants priced for as little as €38,000.

For more information please contact Lalzit Bay on 0845 125 8600 or visit www.lalzitbay.com
 

Spanish property sales increase with 40% of Brits wanting to buy near golf courses

Spain

According to the National Institute of Statistics, there has been a further rise in the number of people taking advantage of bargain priced properties across Spain throughout September of this year, with sales rising for the second consecutive month.

The figures reveal that there were 22,648 residential property sales in September, up 3% on the corresponding month last year with enquiry data from leading house builder, Taylor Wimpey España revealing that proximity to beaches and golf courses the main sales appeal.

Marc Pritchard, Sales and Marketing Manager at Taylor Wimpey España explains,

“Despite turbulence in the domestic property sector, demand for second or holiday homes in Spain from international buyers remains high. Half of our British buyers wish to own a property which is in close proximity to a beach, followed closely by almost 40% that aspire to live near a golf course reinforcing the importance of prime location to today’s buyers.”

Indeed a recent study by the Spanish Ministry of Tourism showed that golf contributed 4.5% of tourist revenues to the Andalucía region alone, with a surge of 427,000 tourists visiting the area and its world class courses last year.

The Costa del Sol is quite simply a golfer’s paradise; there are some 72 golf resorts and courses in Andalucía which rank in the top 10 in Europe. Add to that a fantastic all year round climate and easy access from the UK and you are most definitely in golfing heaven.

For example La Floresta de la Mairena is a new residential development from Taylor Wimpey España located near the charming village of Elviria and its golden beach, very close to Marbella and Malaga. Set in beautiful surroundings which have been declared a natural biosphere reserve by UNESCO, this development benefits from stunning views towards the oak and pine forest as well as towards the sea.

 

Designed in a typical Mediterranean style, the apartments have large terraces on which to enjoy the beautiful views, two large communal swimming pools, landscaped gardens and external private parking. With a very good road network nearby, all owners at La Floresta de la Mairena will have easy access to the beach at Elviria and to the superb golf courses of Santa Maria and La Cala Golf Club.

 

Another perfect location for the golf lover is Los Robles de los Arqueros, a development situated in one of the best areas of Marbella, the prestigious Los Arqueros golf course.

 

With this in mind the inauguration of this residential project at Los Arqueros Beach is due to take place this afternoon, Thursday 22nd Nov 2012 and will be attended by the Mayor of Marbella.

 

The residential complex has a natural charm with stunning sea and golf views, wide streets and beautiful gardens. It is surrounded by a prestigious golf course with 18 holes and the properties boast large terraces with spectacular views over the golf course and sea.

 

These properties are available now from €178,000 at La Floresta de la Mairena and from €240,000 at Los Robles de los Arqueros. With only 4% VAT until the end of 2012 and half capital gains tax if you purchase before the year ends, this is the perfect opportunity to invest in a beautiful Spanish property.

 

Contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 244.

Brits flock to France in search of the good life

United Kingdom

One in seven British citizens living overseas said they would stay abroad for “the favourable cost of living” according to a new report conducted by the Home Office with the majority of British emigrants “making a lifestyle choice” rather than moving primarily for work.

Amid this steady flow of Brits buying abroad, France tops the list of destinations for home buyers looking to snap up a foreign property.

Indeed the latest HiFX Property Hotspots report revealed that 23% of potential property buyers are looking to own a home across the Channel with Mark Bodega, director at HiFX, commenting,

“France remains a safe bet for Brits. It goes without saying that the sun and lifestyle are a big pull but buyers can now get better value for their money and take advantage of the weakening Euro.”

Danny Silver, an international real estate expert and director of The Villages Group explains further,

“French buyers are now taking advantage of the current Eurozone crisis with the largest percentage per capita of holiday home owners in the world. A recent report has shown that 84% of French citizens spend their holidays within the country – there must be a good reason for that!”

France has also won numerous accolades as a retirement destination, consistently featuring in top ten lists from publications across the world. In 2009, it was one of Forbes’ top ten retirement havens. This view is also shared across Europe; in May 2011, British newspaper, The Daily Telegraph, voted France into its own top ten lists of overseas retirement destinations.

Silver added: “Southern regions of France have long been considered a great retirement destination for foreigners. Its mild climate and picturesque, idyllic villages along with cheaper living costs are often cited as common reasons UK citizens choose to reside there.”

The Villages Group provides a forward thinking approach for active people who want to live their lives to the full in one of the top ten expat countries in the world. Offering a stunning natural landscape with a low living cost, this pioneering concept in rural France is set to provide homes and services for people in the 50 plus age group who want a property that they can enjoy in their later life.

The properties are all on one level and eco-friendly set in natural environments with site facilities including tennis courts, an indoor pool, gymnasium and entertainment programmes.

For more information please contact The Villages Group on + 33 1 4007 8625, email info@thevillagesgroup.com or visit www.thevillagesgroup.com

 

Spice up your Christmas with a Cinnamon Suite in the Caribbean

Grenada

Tourism has long been the breadwinner for the Caribbean. Given tropical temperatures, sugar-like sandy beaches and a relaxed pace of life, it’s no wonder the Caribbean received 23.8 million global visitors in 2011, an increase of 3.3% over 2010 according to the Caribbean Tourism Organisation.

 


With this in mind, winter sun-seekers now have a new opportunity to make an exclusive lifestyle investment in the luxury Cinnamon Suites, on the Caribbean island of Grenada, predicted to be the fastest growing market in the Caribbean between 2011 and 2021 according to the World Travel & Tourism Council.

 


Part of Bacolet Bay Beach Resort and available through multi award-winning international property specialist Property Frontiers, these stunning 5* hotel suites offer attractive returns to investors with Chief Executive Ray Withers commenting,

 

“We have been at the forefront of the emerging market of hotel investments available to individual investors for a number of years now and identified Grenada as a fantastic place to invest back in 2005. Investing in the Cinnamon Suites will deliver owners value for money (properties are currently prices 30% below current valuation); potential for capital growth; a solid yield through rental as a hotel property and a defined, realistic exit.”

 

Bacolet Bay, with its secluded 300m long stretch of sandy beach, sits on the quiet southern shore of Grenada. It offers the peace of hidden luxury, away from the crowds visiting some of the larger Caribbean islands, but easily accessible from both the UK and the US. Regular direct flights are available and the Cinnamon Suites are located only 15 minutes from the island’s international airport.

 

Property Frontiers detailed local knowledge of the Caribbean; in particular Grenada means investors gain the peace of mind to buy with confidence with Withers remarking,

 

“Our exclusive deal provides $106,500 instant equity plus a guaranteed profit starting at $119,000 when the developer buys back at valuation price. With mortgage financing available, deposits from £46,000 and a 3 year rental guarantee more than covering the finance payments, I imagine units will be pretty popular with our investors.”

 

The Caribbean’s continuing presence as a top winter sun location, combined with this exclusive offer, make Grenada’s Cinnamon Suites the perfect lifestyle investment. 

 

For further information, please contact Property Frontiers on +44 (0) 1865 202 700 or visit www.propertyfrontiers.com.


British house builder, Millgate awarded “Best Luxury House” and “Best Interior Design” at prestigious What House? Awards 2012

United Kingdom

Topping off a fantastic year, quintessential British house builder, Millgate has been awarded two prestigious accolades at this year´s What House? Awards.

Commonly thought of as the ‘The Oscars’ of the house building world, Berkshire based Millgate picked up a silver award for “Best Luxury House” and bronze award for “Best Interior Design” last Friday evening at the Grosvenor House Hotel in London.

Now in its 31st year, the What House? Awards is regarded as the most prestigious New Homes event in the UK unveiling exciting and innovative projects of the industry’s most influential UK housebuilders.

Jonathan Cranley, Sales & Marketing Director at Millgate comments,

“After celebrating our 25th anniversary this year, these two awards have been the perfect way to end 2012 at Millgate.

“Since day one, we have focussed our attention on building beautiful high quality homes, priding ourselves on innovation, design and craftsmanship and ensuring that we tend to every little detail – I believe this is what sets us apart from other house builders and it’s wonderful to have been acknowledged by our industry peers for our commitment and passion.”

Cranley continues,

“At Millgate we like to ensure that our homes are just as stunning on the inside as they are on the outside and our collaborative efforts with award-winning interior design team Alexander James has allowed us to do just that. For this, I thank them.“I must also congratulate all the team at Millgate for their untiring efforts. Their dedication, passion and professionalism are what ensure Millgate succeeds. It’s a pleasure working with them.” 

The “Best Luxury House” and “Best Interior Design” awards were awarded to Millgate’s stunning country home, Beech House, located in Boars Hill, Oxford – a house that combines the prestige of a traditional country home and the luxury of modern contemporary elegance.

The recently sold private six bedroom country house is set over three floors and benefits from over two acres of gardens swimming pool, a shared tennis court, summerhouse, a four car garage and courtyard.

For more information contact Millgate on 0118 934 3344 or visit www.millgatehomes.co.uk.

Prime Central London private equity property investment company, Oakvest, appoints leading PR agency, AB Property Marketing

Prime Central London private equity property investment company, Oakvest, appoints leading PR agency, AB Property Marketing

United Kingdom

Eager to share their success story as one of the UK’s leading private equity property investment companies as well as launch their new and exciting prime Central London developments, Oakvest Ltd has appointed leading property PR agency, AB Property Marketing to spread the word.

Based in the heart of Victoria, on the prestigious Grosvenor Gardens, Oakvest focus on the   acquisition, development and management of commercial and residential property in the UK. Predominantly investing in London’s ‘Blue Chip’ prime locations, either as principle or with joint venture partners, Oakvest holds a reputable portfolio of projects with their latest acquisition being Grosvenor Gardens House, a landmark building in the heart of Belgravia.

Headed up by Founder Mark Holyoke, Oakvest’s experienced executive management team works hand in hand with their development division at Medici to ensure a disciplined turnkey approach to all projects and ultimately generate substantial returns for their investors.

Managing Director Mark Holyoke, comments:

“Having been an international property investor for over 20 years now, I have always believed in the value and merit of property acquisition and development and never more so than today. Oakvest has grown in recent years to become one of the UK’s leading private equity property investment companies, one focused on long-term partnerships and commitment to perfection with our past projects testament to that.

“Looking ahead, our acquisition of Grosvenor Gardens House, a substantial building, superbly positioned next to the on-going regeneration of Victoria Circle in the heart of London, will demonstrate Oakvest’s skill, expertise and passion for property development as we return this majestic 19th century mansion block to its former architectural glory – and that’s a story worth telling!”
Working together with AB Property Marketing, the Mayfair-based leading UK and International property PR agency, as of immediate effect, Oakvest aims to raise brand awareness as well as generate interest in its forthcoming luxury residential and commercial property projects. Speaking on the appointment, AB Property Marketing’s MD Charlotte Ashton, comments:

“We have for some time now been seeking a prestigious, high end, luxury development in London to promote both within and outside the UK. The media appetite for prime central London property remains insatiable and now it is wonderful that we can meet that demand with such a superb portfolio of properties from a proven, reputable developer such as Oakvest.”

For more information about Oakvest, its past and forthcoming projects, for high resolution images or to arrange an interview with MD, Mark Holyoke, contact Charlotte Ashton at AB Property Marketing direct on 00 44 845 7524 7524, email charlotte@abpropertymarketing.co.uk or visit www.oakvest.co.uk.

At a Glance: Bulgarian property buyers head straight to the beach

United Kingdom

Bulgarian property buyers do like to be beside the seaside, according to TheMoveChannel.com´s latest At a Glance. The infographic, which depicts all Bulgarian real estate activity on the portal for the last 12 months, shows that investors head straight for the coast, with 40.05 per cent of buyers searching for property in Sunny Beach.

The interest in Bulgaria´s biggest Black Sea resort is a colourful indicator of the role that the seaside has to play in the country´s market. Indeed, the Burgas province on the East coast accounted for almost one in five (19.36 per cent) Bulgarian enquiries on TheMoveChannel.com in the last year. Burgas´ beachside appeal is so well-known, in fact, that investors are looking to the coast before they even start to view property; it accounts for four of the top 10 most searched-for places to buy a home.

But it is not just beaches that bring in the buyers: the mountains do too. Three of the top 10 searches targeted real estate in ski resorts, with Pamporovo, Borovets and Bansko all falling inside the top five. That demand snowballs directly into enquiries, reveals the infographic, with three of the top 10 most popular regions all famous for their ski accommodation opportunities.

Indeed, the Smolyan province, home to Pamporovo, was the third most popular area in terms of enquiries, accounting for 14.06 per cent of activity since November 2011. It is no coincidence that Bansko´s home province of Blagoevrad is also in the 10 most popular provinces, generating 4.02 per cent of enquiries – enough to earn it ninth place, just below the province of capital city Sofia.

It is interesting, then, that the most popular place for Bulgarian property in the last 12 months was neither a ski nor beach resort. The province of Veliko Turnovo, which boasts a central position in the country and an array of historical landmarks, has a different kind of tourist appeal. This was strong enough to generate the highest number of enquiries on the portal, narrowly beating Burgas with a share of 22.19 per cent.

The At a Glance series also analyses the search behaviour of Bulgarian house hunters on Google. The chart shows that buyers most commonly searched for “Bulgarian property” and “Bulgarian properties”, with activity peaking between the months of February and June. While overall search volumes broadly stayed steady, searches for “apartments for sale in Bulgaria” and “houses for sale in Bulgaria” both grew over the 12 months. Interest in flats more than trebled from 104 searches in the three months to January 2012 to 326 in the three months to October 2012, while houses saw demand rise from 970 searches to 1190 over the same periods.

Editor Ivan Radford comments: “Bulgaria has been in and out of TheMoveChannel.com´s top 10 most popular countries in the last year and this latest At a Glance infographic gives us a chance to see why. Much has been written about the low prices of Bulgaria´s property and, more controversially, the market´s reliability, but the infographic clearly shows that the country´s main appeal to buyers lies in tourist hotspots. Both for investors seeking rental yields and lifestyle buyers, Bulgaria´s seasonal balance of seaside towns and ski resorts gives it a year-round potential that other countries do not have.

“As the country tries to recover from the global financial crisis, it is interesting to note that searches on Google have increased for both houses and apartments – either because Bulgaria´s non-eurozone economy is drawing in more investors, or simply because buyers becoming more specific in what they are looking for.

“More revealing, perhaps, is that searches for the plural “Bulgarian properties” and “Bulgarian properties for sale” were both more common than the singular. Is that a sign that investors looking for cheap rental opportunities are more interested in portfolios of property in Bulgaria as much as individual holiday homes? Either way, as the market starts to stabilize, Burgas´ red mark on the map only looks set to become even brighter. ”

Click here to see the full infographic.

Notes to Editors

Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with than 400,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

The website address is http://www.themovechannel.com and the office address is 24 Jack´s Place, Corbet Place, Spitalfields, London, E1 6NN.

Contact Dan Johnson on 0207 952 7650 for further information.

Glasgow’s multi-billion pound regeneration extends to student housing with the refurbishment of Central House in the city centre

United Kingdom

Scotland’s largest city, home to some 1,750,000 people, Glasgow is a city in constant change. From the significant urban regeneration seen in the 1960’s which resulted in the city being awarded European Capital of Culture status in 1990, to today’s 21st century transformation in the form of the £6 billion Clyde Waterfront Regeneration project, no corner of Glasgow is forgotten and that includes its ever growing student population.

Boasting a rich educational heritage, Glasgow is home to four main universities including the fourth-oldest university in the English-speaking world, the University of Glasgow with 23,000 students from more than 120 countries. Ranked 3rd in the UK by the International Student Barometer with undergraduate satisfaction levels of 90% and 54 in the QS World University Rankings 2012, the University of Glasgow remains in the top 1% of institutions in the world.

The city does however have a chronic shortage of student accommodation with only 9,395 purpose built beds for 52,255 full time students who attend the four main higher education institutions. As the experts at Jones Lang LaSalle report, “the undersupply of dedicated student accommodation in Glasgow nearly rivals that of London” and the city has been identified as an “undersupplied market” by Savills due to the chronic shortage of 42,760 beds.

As Ray Withers, Chief Executive of multi award-winning property investment agency, Property Frontiers, explains,

“As a rapidly growing university city, attracting both domestic and increasingly international students, the need for purpose built student accommodation is higher than ever. CBRE states that the undersupply could be as high as 9 full time students for every bed space and despite having 2,595 beds in the pipeline, demand far outstrips supply and it is this fundamental imbalance which should drive prices consistently higher.”

Indeed UK student accommodation has never been more attractive to investors with a record breaking £2 billion already ploughed into the sector so far this year according to CBRE data and with local student letting agent, G4 Properties stating that “demand for student accommodation in Glasgow is extremely high and year upon year since 2009 the number of student enquiries that we have dealt with has risen steadily” the outlook looks positive.

Looking to the future, Withers comments,

“Having sold over 500 student property units to date across the UK, we have not only seen the market grow rapidly but also how the demands of today’s higher education student population have shaped the type of purpose built properties being constructed. From small single rooms to ensuites as standard and spacious studio apartments, our research reveals that students’ accommodation expectations have risen considerably in recent years and that is why we are proud to present next generation student living at Central House, Glasgow.”

Exclusively available through Property Frontiers, Central House’s high calibre studios are exactly what today’s students want yet remains one of the lowest priced student studios projects on the market today. Located in the heart of Glasgow city centre, just minutes from the train station, campuses and banks of the Clyde, an existing building will be fully refurbished into 66 self-contained studios available to rent from £125 per week. In addition to the spacious studios, the building will also meet the communal needs of the students with an entertainment and games room, landscaped outdoor terrace, laundry rooms, a concierge and CCTV as well as broadband throughout.

Not only attractive to students but investors alike, Central House offers 9.2% NET yield assured for 3 years as well as full management by the developer with a 15 year track record in residential & student property and local student letting agents, all for a £53,500 requiring a deposit from just £31,750.

With limited units available, contact Property Frontiers today on 01865 202 700 or visit www.propertyfrontiers.com for more information.

 

Prime Central London private equity property investment company, Oakvest, appoints leading PR agency

United Kingdom

Eager to share their success story as one of the UK’s leading private equity property investment companies as well as launch their new and exciting prime Central London developments, Oakvest Ltd has appointed leading property PR agency, AB Property Marketing to spread the word.

Based in the heart of Victoria, on the prestigious Grosvenor Gardens, Oakvest focus on the   acquisition, development and management of commercial and residential property in the UK. Predominantly investing in London’s ‘Blue Chip’ prime locations, either as principle or with joint venture partners, Oakvest holds a reputable portfolio of projects with their latest acquisition being Grosvenor Gardens House, a landmark building in the heart of Belgravia.

Headed up by Founder Mark Holyoke, Oakvest´s experienced executive management team works hand in hand with their development division at Medici to ensure a disciplined turnkey approach to all projects and ultimately generate substantial returns for their investors.

Managing Director Mark Holyoke, comments,

“Having been an international property investor for over 20 years now, I have always believed in the value and merit of property acquisition and development and never more so than today. Oakvest has grown in recent years to become one of the UK’s leading private equity property investment companies, one focused on long-term partnerships and commitment to perfection with our past projects testament to that.

“Looking ahead, our acquisition of Grosvenor Gardens House, a substantial building, superbly positioned next to the on-going regeneration of Victoria Circle in the heart of London, will demonstrate Oakvest’s skill, expertise and passion for property development as we return this majestic 19th century mansion block to its former architectural glory – and that’s a story worth telling!”

Working together with AB Property Marketing, the Mayfair-based leading UK and International property PR agency, as of immediate effect, Oakvest aims to raise brand awareness as well as generate interest in its forthcoming luxury residential and commercial property projects. Speaking on the appointment, AB Property Marketing’s MD Charlotte Ashton, comments,

“We have for some time now been seeking a prestigious, high end, luxury development in London to promote both within and outside the UK. The media appetite for prime central London property remains insatiable and now it is wonderful that we can meet that demand with such a superb portfolio of properties from a proven, reputable developer such as Oakvest.”

For more information about Oakvest, its past and forthcoming projects, for high resolution images or to arrange an interview with MD, Mark Holyoke, contact Charlotte Ashton at AB Property Marketing direct on 00 44 845 7524 7524, email charlotte@abpropertymarketing.co.uk or visit www.oakvest.co.uk.

Construction well underway at Albania’s most anticipated beach resort

Albania

Albania’s most anticipated 5* beach resort, Lalzit Bay Resort & Spa is pleased to announce that phase 1 construction is well-underway with buildings A and B due to be finished in the coming months.

As well as this, the team is excited to announce the release of brand new deluxe apartments at the resort which will specifically cater to the needs of overseas property buyers and investors.

The new 1 and 2 bedroom deluxe apartments, situated in the spacious landscaped gardens of the resort are just moments from the stunning Lalzit Bay beach front. Offering a high build quality and plenty of private outdoor space to enjoy Albania’s 200+ days of annual sunshine, several of the deluxe apartments have double-aspect private gardens or large private terraces which enjoy sunshine throughout the day.

Ravin Maharajah, one of the British partners in Lalzit Bay Resort comments:

“Albania is just 2.5 hours from the (UK) and has a wonderful climate throughout the year. Having a quiet place to sit and relax or entertain friends is important to many of our international buyers. Our new deluxe apartments are ideal for family holidays, rental investments or retirement.

“Albania in the summer is an incredibly popular tourist destination and the indications for rental demand are extremely encouraging. A 2 bed property in the summer rents for around €450-500 per week offering a very competitive yield. As well as this, purchase costs, taxes and on-going maintenance are low, while build quality and capital growth potential is high – quite a nice mix to have.” 

Whilst the Albanian currency is denominated in Lek, Lalzit Bay Resort lists properties in Euros helping many buyers from the UK or non-Euro countries snap up a bargain. Deluxe apartments start at just €80k which is now around £62k GBP.

Lalzit Bay Resort is a UK-financed and managed development company based in Tirana and London. Financed by CSS Europe LLP, Lalzit Bay is managed by a highly experienced team of UK business professionals where the buying process is overseen from the company’s office in London and contracts are in English and Albanian.  Independent legal services are recommended to overseas buyers and have received praise from many Lalzit Bay customers for their transparency and efficiency.

Maharajah continues,

“The majority of our buyers come from outside of Albania which will give the resort an international feel. Buyers are looking for somewhere unique and different but distinctly Mediterranean. Lalzit Bay is a remarkable European buying opportunity because it is located on a stunning beach, just 30 minutes to the international airport and capital and when you see the beach – you realise that you are seeing something really special.”

Lalzit Bay Resort has sold over 80% of their phase 1 apartments since releasing last year. Deluxe apartments have already been released, offering buyers a 10% pre-release discount. For more information please call Peter Walshe on 0845 125 8600 or visit www.lalzitbay.com.