Internationally renowned architect Richard George Rogers brings his “urban renaissance” to Deptford RISE development

Internationally renowned architect Richard George Rogers brings his “urban renaissance” to Deptford RISE development

by Kate United Kingdom

Globally renowned architect, Richard George Rogers (Baron Rogers of Riverside), brings his vision of “urban renaissance” to the emerging Greater London hotspot of Deptford.

Deptford, SE8 is fast overtaking the popularity of its neighbouring Greenwich, SE10, to become the lifestyle and cultural Mecca of south east London.

The British architect is noted for his work on the Pompidou Centre in Paris, the Lloyd’s building and Millennium Dome in London, the Senedd in Cardiff and the European Court of Human Rights building in Strasbourg. He is winner of the RIBA Gold Medal, the Thomas Jefferson Medal, the RIBA Stirling Prize, the Minerva Medal and the Pritzker Prize.

£1 billion plus regeneration schemes for “the new Shoreditch”

The RISE residential development from Rogers Stirk Harbour and Partners (RSHP) is just one of many regeneration projects totalling over £1 billion in Deptford. Designed over eight floors, the development is a mixture of studios, one-and-two bedroom apartments, executive suites and penthouse suites. The building will follow a high spec, with modern communal areas, state-of-the-art kitchens, contemporary bathrooms and high tech security systems.

Located in the heart of Deptford, with a one minute walk to the overground station, the RISE development is in an excellent location for the influx of City and Canary Wharf professionals who are moving into the area.

A £1 billion riverside regeneration scheme, swish new accommodation projects and a flagship Waitrose look set to turn Deptford into “the new Shoreditch.” The New Capital Quay development will feature an art gallery, museum, crèche, design studios, bars and restaurants; and even Deptford train station and its surrounding areas are benefitting from a £42 million mixed used development with apartments, town houses, workshops and retail outlets.

Sustainable development designed to attract people

Rogers says: “Cities are the physical framework of our society, the generator of civil values, the engine of our economy and the heart of our culture. In England, one of the three most densely populated countries in the world, 90% of the population live in cities, but many of our urban areas are not sustainable. Compact polycentric cities are the only sustainable form of development and should be designed to attract people. If we don’t get urban regeneration right then all our work on cities – buildings and public spaces, education, health, employment, social inclusion and economic growth – will be undermined.”

He continues: “The structure of buildings set the scale, form and rhythm of the architectural environment, within which change and improvisation can take place. Scale is given as much by the design of the details as the building as a whole. Lightness of structure, transparency and layering are dominant design factors in the work of the practice. Colour is used for a variety of reasons, including to affect the mood of the building and to humanise and change the apparent nature of materials.”

A social vision for one of the most desirable London postcodes

Rogers concludes: “Over the last thirty years, it has become clear that the risk associated with climate change will pose serious challenges to society. Architects are constantly presented with the challenge of creating durable buildings that respond to a changing environment.Buildings, neighbourhoods and cities should be designed to minimise pollution and carbon emissions. Rogers Stirk Harbour and Partners believe that a strong social vision is the driving force which is critical for the development of a sustainable civil society.”

The off-plan RISE development is already attracting British investors with entry levels from £430,000 for a 2 bedroom apartment and yields delivering up to 4.75% yields (higher than the London average of 3.42%).

Ray Withers, CEO of Property Frontiers, comments:

“It was excellent to discover the great Richard Rogers is one of the architects behind the RISE development. Adding this level of acclaim and expertise to Deptford’s booming regeneration just proves SE8 is one of the most desirable London postcodes right now. As with all emerging areas, though, the optimum time to get involved is right at the start of the boom. Now is that time in Deptford and the RISE development is a superb example of a sustainable investment which will deliver now and in the future.”

To find out more get in touch with Property Frontiers today on +44 1865 202 700 or visit www.propertyfrontiers.com.

Back to Belize for Brits on 50th anniversary of Belizean liberation

Back to Belize for Brits on 50th anniversary of Belizean liberation

by Kate Belize
  • 50 years since Belize was granted self-governance by the British in 1964
  • Country still British-influenced: English the official language, English legal system and Queen Elizabeth II the ruling monarch
  • James Thornett, from Leeds, one of many Brits enjoying a new life in Belize

Historically part of the British Empire, the Central American country of Belize is celebrating a special anniversary this year, as it recognises the 50th anniversary of self-governance. 1964 saw British Honduras, as it was then known, granted autonomous rule by the British who up until then were in charge of the country, with full independence coming 17 years later in September 1981.

Now, at this notable milestone of liberation, Brits are beginning to turn their interests back to Belizean shores.

In 2014 the British are not looking to rule Belize, however, they are instead being taken over, themselves, by its charms: captivated by its multifaceted culture, enthralled by its sublime natural surrounds, and enchanted by its mysterious ancient history.

James Thornett, originally from Leeds in West Yorkshire, now lives in Placencia and the Cayo district of Belize. He explains why he was one such Brit captured by Belize,

“I was posted in Belize with the British Army in 1999 for 6 months and I fell in love with the jungle. I made the decision to move here in 2013 and I just love the place!  Everyone is very friendly, it’s easy to get around and it has wonderful attractions both on the water and inland. I would say it probably has the best attractions of any Caribbean country, with a huge variety of wildlife, and as the epicentre of the Mayan culture, it has many fantastic ruins and attractions.

The water activities are great too, from fishing to scuba diving, and it also has the biggest and best barrier reef in the Northern hemisphere. Belize has it all!”

With its colonial history, Belize is an exciting melting pot of cultural influences, yet holds key British traits – Queen Elizabeth II is ruling monarch, English is the official language (it is the only English-speaking Caribbean country) and it has an English legal system. Wolf Worster, MD of  Wolf Wörster Associates, Inc, a global property consultancy marketing  The Baymen Resort & Spa in Belize’s Cayo region, emphasises the important role this has to play,

“Foreigners find it reassuring that the Belizean legal system is based on the common law of England and this, combined with well-established banking system and large expat community, make the transition of moving to Belize easy. Belize also has a retirement package which is arguably the best in the world, for those aged 45 and above, and that also makes the country a popular prospect for British people looking to move overseas.”

When buying property in Belize, British people can buy outright and the fact that the country has an ‘immature’ property market means that prices are much more affordable than in other Caribbean destinations. This in turn means that there is great upside potential for those keen on investing, with low property taxes also helping on this front.

James Thornett can see the potential for those interested in following his lead and buying in Belize,

“I can only see an upside for Belize. The number of people buying property here is increasing because of the safe nature of the investment and how easy it is to live here, and there are huge increases in visitor numbers too. Yet, importantly, the country still maintains its charms. I would advise anyone looking at Belize to decide their requirements and what they want from their investment. Bear in mind that prices can differ widely depending on where in the country you want to be.”

For those British, and others, looking to invest in Belize, The Baymen Resort and Spa is an excellent option. This lodge is a firm hands-off investment, run by one of the top US hotel groups, Noble House Hotel and Resorts, which also allows for 30 days personal use a year. Buying a property at The Baymen is also a true investment in nature, with the property being carbon neutral and eco-focussed.

Located in a breathtaking jungle setting, The Baymen boasts a host of luxurious features including an infinity pool that appears to float in the rainforest, Mayan spring pools and waterfall, and even a natural wine cave. With a choice of deluxe suites or two-bed suites available, each individual residence encompasses the notion of old world colonial charm, with four-poster beds, stunning bathrooms with indoor and outdoor shower areas, and a large outside deck, all utilising natural materials of the highest specification. Prices start from $230,000 USD.

For more information about The Baymen Lodge and Spa, visit www.thebaymen.com or contact Wolf Wörster Associates, Inc on free-phone 0808 169 6526 or  info@thebaymen.com

Family-friendly Florida provides perfect summer holiday destination, attracting more visitors than New York

Family-friendly Florida provides perfect summer holiday destination, attracting more visitors than New York

by Kate United States
  • 76% of parents believe holidays are important for children (HomeAway.co.uk)
  • 92% of holidaymakers plan to travel with family in 2014 (TripAdvisor)
  • Orlando is most visited US city in 2013, with 59 million visitors (Visit Orlando)

When it comes to summer holidays, it seems that family-friendly fun in the sun is at the top of the list of requirements for UK holidaymakers. A recently published survey from HomeAway.co.uk in association with UKMums.tv found that 76% of parents believe holidays are an important time for children.

With such emphasis on the younger family members’ needs, summer holidays are often planned to suit their whims and wishes. In fact, the survey goes on to reveal that 65% of holiday trips and activities are decided upon by children, along with 50% of meals and 60% of decisions as to whether to head for the beach or stay by the pool.

With the children so firmly in charge, it is perhaps unsurprising that Florida – and in particular Orlando – is such a perennially popular choice of summer holiday destination. The family-friendly nature of theme parks and water parks can keep youngsters of all ages thoroughly entertained, from tiny tots to awkward teenagers.

Only 6% of those surveyed were not prepared to sacrifice any aspect of their holiday plans for their children. The findings are backed by data from the latest TripAdvisor family travel survey, which found that family holidays have increased in popularity this year. While in 2013 only 85% of respondents planned to travel with family, the figure rose to 92% for 2014.

While 55% planned to travel with their spouse and children, a significant number (20%) intended to travel with extended family – and again, the climate and myriad attractions of Florida can be understood in terms of their appeal for such groups. Indeed, of the TripAdvisor top ten Travelers’ Choice Hotels for Families in the US, the Orlando/Kissimmee area claimed two of the top three spots.

Philip Button, Managing Director of specialist property investment firm Brookes & Co, travels regularly to Florida with his two sons. He comments,

“I’m lucky that my work takes me to Florida every 6-8 weeks, but I also travel there for pleasure trips with my family as well. Orlando is an outstanding city, with something to offer everyone. I saw from the Visit Orlando figures released recently that Orlando has now been confirmed as attracting more visitors in 2013 than New York – a record-breaking 59 million, in fact – and I can completely understand why.”

Button’s work sees him regularly inspecting the progress of the development underway at The Fountains at ChampionsGate, where Brookes & Co are working in partnership with Floridian developer Feltrim to offer high end three and four bedroom villas as investment properties to the UK market. Button himself is buying there – with villas available from £212,512 and US mortgages available, he sees it as the perfect family investment, explaining,

“Buying at The Fountains makes sense to me as a parent. I can use the villa for six weeks completely free without compromising my rental income. For the rest of the year, it will generate an income at the same time as allowing my capital to grow.”

The popularity of The Fountains with Brookes & Co’s UK clients has shown the resort’s family appeal. The majority of buyers have been family groups, with two or three generations of family attracted to the lifestyle element of the investment, as well as the healthy financial returns.

Of course, family holidays aren’t always perfect. 85% of the TripAdvisor survey respondents admitted to wanting to escape from their family at some point during their trip. Thankfully The Fountains has access to 36 holes of Greg Norman-designed championship-level golf course on its doorstep, offering the perfect solution for when the family holiday involves just a little too much time with the family!

For more information, contact Brookes & Co on 01621 875 925 or info@brookesandco.co.uk, visit www.brookesandco.co.uk or meet the team online.

Turkey’s hot property as Akbuk Resort Group launch much-anticipated second Ramada resort

Turkey’s hot property as Akbuk Resort Group launch much-anticipated second Ramada resort

by Kate Turkey

The small town of Akbuk in Western Turkey is looking set to be big news in 2014, with the announcement of a second Ramada hotel, Unity Bay Resort.

The launch of the luxury resort by multi award-winning developer Akbuk Resort Group, in conjunction with iconic hotel and resort giant Wyndham Hotel Group, follows the resounding success of their initial development in the beautiful coastal region – Ramada Resort Akbuk.

The Ramada Resort Akbuk was a sell-out success, mainly to individual investors seeking a sustainable return on their investment. The resort since opened its doors during May to holidaymakers and offers its guests a comprehensive range of leisure and pastime facilities, luxury hotel accommodation and fine dining experiences.

The new launch of Unity Bay Resort, by Akbuk Resort Group, comes at a time of great success for Turkey, with the country’s tourism income being shown to have increased by 3.4% in the first quarter of 2014, compared to the same period in 2013, according to the Turkish Statistical Institute (TurkStat).

Not only this but the steep upturn in tourism income is part of a wider positive reverberation in the country’s economy as a whole, with the Turkish Statistical Institute recording a growth in the economy of 4% in 2013 alongside an increase of 5% in their Consumer Confidence Index in March 2014 when compared to February.

Capitalising on this consumer confidence and economic buoyancy, Unity Bay is tipped to follow in the footsteps of the Ramada Resort Akbuk success. This success was not only helped along by the ever-popular and breathtaking location which both hotels share, with white sands nestled between clear blue seas and dramatically rugged mountains, but also by the association with Ramada, an iconic brand that provides peace of mind and security to those seeking to invest in return for long term sustainable income generated from the resorts.

Lee Harley, Operations Director for Akbuk Resort Group, explains,

“Akbuk and Western Turkey in general has much to offer the prospective investor, but what sets our new Unity Bay Resort apart is not only the location and high specification fittings and facilities but also the link with the much-trusted Ramada brand, a name that people from all over the world will want to buy into.”

Unity Bay has the ability to capitalise on the growth in the nation’s tourism revenue, recently reported by the Turkish Statistical Institute to have reached $4.8 billion, with 76.2% of revenue in the tourism sector now coming from foreign visitors.

The resort will offer a choice of hotel suite properties, from a premier family suite to a luxury low-rise double suite, all with high quality fittings that are the best in the region, at various levels of investment, from £8,916 for fractional investment and £107,000 for full ownership options. In return, investors benefit from a share of the ongoing income relating to their particular investment interest, whether that be from a fractional investment or from the full ownership of a hotel suite.

Unity Bay’s financial proposition, its location and luxury facilities will also benefit those looking to promote the resort to potential clientele, with a select spa, offering traditional Turkish Hamam as well as a range of treatment options, feature swimming pools, fine dining experiences, children’s activities and thoughtfully-designed lounging areas for the ultimate in relaxation.

For international real estate agent’s seeking the finest branded product located in one of the hottest global property markets for your clients then look no further than the Unity Bay Resort. The buying process is simple and straightforward with generous commission rates available.

For more information, contact Akbuk Resort Group on 0845 230 5210 or info@akbukresortgroup.com or visit www.unitybayresort.com

Turkey triumphs as tourism thrives: Ramada Resort Akbuk welcomes its first holiday guests

Turkey triumphs as tourism thrives: Ramada Resort Akbuk welcomes its first holiday guests

by Kate Turkey

Making the very most of its location between mountainous pine forests and the azure blue waters of the Aegean Sea, framed by warm white sands, the town of Akbuk in Western Turkey has certainly earned its name meaning ‘White Bay’.

  • Turkey tourism up by 10% to almost 35 million in 2013 (Tourism Ministry)
  • Knight Frank rank Turkey 6th hottest market (Global House Price Index)
  • Akbuk top area for investment with two new Ramada-backed hotel resorts

Considered the most scenic of the towns in Turkey’s Didim region and just 50 minutes from Bodrum international airport and around 1 hour 45 minutes from Izmir airport, each served by low-cost airlines making travel easy and affordable, it is clear why the iconic hotel and resort giant Wyndham Hotel Group has recently chosen the town as a focus for their internationally-recognised Ramada brand.

The opening of the hugely successful Ramada Resort Akbuk for the 2014 holiday season and the recent launch of the much-anticipated Unity Bay Resort both from multi award-winning hotel developer, Akbuk Resort Group, come in the wake of the release of Tourism Ministry data showing an increase of almost 10% in tourists visiting Turkey in 2013 compared to the previous year, taking figures to 34.91 million. This growth also looks set to continue into 2014 and beyond with February this year registering a 6.6% growth in visitors compared to the same month in 2013.

Recognising this, Akbuk Resort Group will be opening the doors to the Ramada Resort Akbuk (previously known as Harmony Bay Resort) in conjunction with Wyndham Hotel Group this month. The development’s luxurious hotel rooms, combined with a wide range of facilities that include a traditional Turkish Hamam, a Serenity Spa offering a comprehensive array of treatments, a large swimming pool, children’s pool, excellent fitness facilities and a wide array of children’s activities, have resulted in its overwhelming popularity.

Lee Harley, Operations Director for Akbuk Resort Group, explains,

“Akbuk has so much to offer as a location, with excellent airport links not to mention breath-taking natural attributes and wonderful historic sites nearby, that we are really excited to be opening the Ramada Resort Akbuk this month for the 2014 holiday season.

“A great deal of time, effort and expertise, not to mention funds, have gone into this project, it is going to be extremely satisfying to welcome the first guests. And indeed the fact that Wyndham Hotel Group have put their much-trusted Ramada brand name to the resort is a very positive sign that it is set to be the very best in the region, a resort of the highest quality.”

The resort looks set to be a top choice for 2014, with leading holiday tour operators providing powerful promotions, advertising and public relations, driving clientele to the all-inclusive resort this summer.

Following on from this upcoming success, and in light of the fact that the Knight Frank Global House Price Index ranked Turkey as 6th hottest housing market in the world in December 2013, registering a 12.5% increase in property prices in the previous 12 months, Akbuk Resort Group has now launched for investment the all new Unity Bay Resort, which will also carry the Ramada Brand and will be known as Ramada Hotel & Suites Akbuk Hills once open in 2017.

Located in the same region, and with the same stand-out facilities, hotel rooms are now being sold at Unity Bay Resort, offering excellent opportunities for investors and second home owners alike from as little as £8,916 for fractional ownership or just £107,000 for whole ownership.

With bookings for Ramada Resort Akbuk stacking up and investment opportunities now open at Unity Bay Resort, Akbuk is looking to remain a hot choice for summer 2014 and beyond.

To book your stay at Ramada Resort Akbuk contact sales@ramadaresortakbuk.com

For more information about Unity Bay Resort, contact Akbuk Resort Group on 0845 230 5210 or info@akbukresortgroup.com or visit www.unitybayresort.com

Booming Balkans: Savills report shows signs of improvement as Albanian villas register at one third of the price of Croatian equivalent

Booming Balkans: Savills report shows signs of improvement as Albanian villas register at one third of the price of Croatian equivalent

by Kate Albania
  • The Balkans tipped to be a hot market for property investment in 2014 (Savills Prime Residential Retreats report)
  • Typical 4 bedroom property in Croatia is €750,000 (Savills)
  • Whilst 4 bedroom luxury Villa Sophia in neighbour Albania is available for third of the price, €232,600

In recent years the Balkans, an expansive region of South-eastern Europe, has become a firm favourite for those looking for a wise investment opportunity, with property affordable, climate favourable and scenery breathtakingly beautiful.

Yet it is no secret that the crisis in the Eurozone hit the Balkans hard, with Croatia one country affected by the decline of the Euro. However with the dawn of 2014, the market has begun to show important signs of improvement. The Prime Residential Retreats report by Savills has shown that property prices in the country have shown stability in the previous year, with a 1% rise in the value of coastal apartments being recorded in January 2014 when compared to figures of 2013.

This growth registers positive reverberations in the region’s property markets, marking signs that the Balkans will be hot news in 2014. This positive outlook does not only cover the ‘traditional’ investment options of Croatia and Montenegro, for example, interested eyes are now beginning to look towards Balkan neighbour Albania too and resorts such as Lalzit Bay Resort & Spa.

Albania is an alternative option for those looking to invest in the Balkans and capitalise not only on the ongoing up-turn in the property market in the region but also to take advantage of the untamed beauty and stunning scenery of the surroundings for themselves.

With all the benefits that other Balkan countries such as Croatia have become synonymous with – historic charm, excellent year-round climate, easy access via short, regular, direct flights, and a low cost of living – yet at a fraction of the price, taking a step across the Albanian border when looking for a property can pay real dividends.

With the Albanian Prime Minister, Edi Rama, recently expressing his optimism in the country’s economy following on from positive statistics from The Bank of Albania, saying “it lays the basis for real change we expect in the future”, prospects looks bright for Albania’s property market.

Peter Walshe, Marketing Director for Albania´s first high-end resort Lalzit Bay Resort & Spa explains more,

“Albania is a truly enchanting country with much to offer tourists and investors alike: deserted beaches and wild mountains, vibrant cities, over 200 days of sunshine a year, and a low cost of living just a few of the country’s attributes.

“Somewhat untapped currently, yet growing in popularity for those looking to make a savvy investment, Albania’s property industry is certainly on the up. And with this wealth of appealing features, combined with EU accession on the cards for 2015, it is no surprise that Albania is looking increasingly attractive to potential investors. In fact 25% of all buyers in Lalzit Bay Resort are from the UK compared to just 15% a year ago, proving that Albania is becoming more and more attractive to UK investors.”

With property notably more affordable than nearby Croatia, where a typical 4-bed property is €750,000 (according to Savills World Research), unearthing a property gem is easy in Albania.

The 4-bed, 2-bathroom Villa Sophia at Lalzit Bay Resort and Spa is priced at just €232,600 and offers spacious indoor and outdoor living, inspired by California’s elegant and modern beachfront houses. With a sea view, private garden and parking, as well as the option of a private swimming pool, this family villa has much to offer.

As part of the 5 star Lalzit Bay Resort and Spa, where properties are designed by award-winning architects, the resort boasts ranging grounds where properties are built at low density. There are also a wide array of facilities available such as a beach club, tennis courts, boutique shops and a range of carefully selected restaurants and bars.

For more information contact Lalzit Bay Resort & Spa on + 44 845 125 8600 or visit www.lalzitbay.com.

When property investment gets personal – meet the new breed of global real estate experts

When property investment gets personal – meet the new breed of global real estate experts

by Kate United States
  • Ethics and integrity shine through
  • Localised services see charitable and community activities brought to the fore
  • Property investments focus on stable, well-established markets

The face of international property investment is changing. While some more archaic companies might still be trying to meet with clients in hired hotel rooms and convincing them to invest in countries they have never heard of, a new breed of global real estate experts are revolutionising the sector.

Their focus is on ethical, secure investments that provide clients with a stable and balanced international property portfolio, containing investment properties in some of the world’s most well-established markets.

Essex-based Brookes & Co perfectly epitomises this new breed. The company is presenting leading investments in both Florida – The Fountains at ChampionsGate – and the Bahamas – the Royal Ocean Club – to the UK market, but Managing Director Philip Button was determined to take a new approach to global property investment. He explains,

“I’ve always been passionate about high quality, financially sound property investment. My background as a Certified Chartered Accountant means that I look at each investment from all angles, seeking the best returns for Brookes & Co’s clients by sourcing leading deals in well-known markets.

“I believe the key to Brookes & Co’s success is the way it approaches the delivery of its business. We might be global property investment specialists, but we also like to keep a local, personalised perspective when it comes to working with our clients.”

The approach sees Brookes & Co holding regular events at its Maldon head office, with investors and potential investors welcome to drop in at any time. The emphasis at the events is on a relaxed and fun presentation of investment opportunities – the exact antithesis of the old, hard-sell approach. The most recent event, a Florida experience day that involved a virtual ‘flight’ to the Sunshine State, all-American breakfast and casino-style entertainment, was so over-subscribed that another one has been planned for Saturday 26th April.

With their resounding emphasis on an ethical approach to investment, Brookes & Co also run regular inspection trips. The next Florida inspection trip is planned for 15-18 May and will see staff accompanying potential investors to The Fountains in order that they can meet with local property and financial experts, including the developer, Feltrim. The company’s enjoyable approach is reflected in the inspection trips as well as their local events – the last Florida trip included both a trip to Disney World and a helicopter flight over the development.

Back on this side of the Atlantic, Brookes & Co is actively involved in the local community, following Managing Director Philip’s belief in giving something back. The company has just agreed a sponsorship deal for theSamStock 2014 charity music, comedy and arts festival in Maldon on 21 June. Brookes & Co will be the official headline sponsor of leading act Toploader and Philip has generously paid for his team to attend the event.

This engaging approach is carried through into every aspect of the company’s property investment activities. For example, Brookes & Co only ever offers investment opportunities that the company has put its own money into. Philip’s belief is that if the company is not prepared to invest, why should the clients be?

He also believes in providing a full, 360 degree service to every client, meaning that Brookes & Co has built up partnerships with a range of experts from developers to mortgage specialists, so that each client can receive a personalised package of advice and guidance.

The company has further demonstrated its credentials by joining the Association of International Property Professionals (AIPP), thus signalling its commitment to the highest standards of professional conduct within the industry.

Such is the new breed of property investment companies that are taking the sector by storm. Open, clear and personalised in their approach, they invite investors to get to know their team members, visit them in their office and explore their developments first-hand, all while giving something back to the local community. With such integrity and attention to detail in place it seems that so far as global property investment is concerned, the future’s bright – the future’s Brookes & Co.

For more information, contact Brookes & Co on 01621 875 925 or info@brookesandco.co.uk, visitwww.brookesandco.co.uk or meet the team online.

The sky’s the limit for Albania as British Airways announce extra flights to the capital, Tirana

The sky’s the limit for Albania as British Airways announce extra flights to the capital, Tirana

by Kate Albania
  • New British Airways summer schedule extends flights five times a week from Gatwick to Tirana
  • Growing tourism figures push talks for another new Albanian airport (Albanian Minister of Transport and Infrastructure)
  • Interest from international property investors and second home buyers steadily increasing (Lalzit Bay Resort & Spa)

Albania’s tourism market is set to fly high this year with the UK’s national flag carrier British Airways increasing the frequency of flights between London and the capital, Tirana.

The introduction of direct flights from Gatwick five times a week (up from the current thrice weekly flights) is thought to be due to an increase in passengers wanting to explore the increasingly popular Balkan country both for short-break holidays and as a second home location.

Peter Walshe, Marketing Director for Albania’s leading Lalzit Bay Resort & Spa comments,

“The future is looking bright for Albania. With an increasing number of tourists visiting each year combined with the new BA flights, the country looks set to explode as a tourist destination. One of Albania’s biggest attractions – aside from its cultural and historical charms, balmy Mediterranean climate and stunning beaches – is definitely its rock-bottom cost of living.

“Added to that is an ever-improving infrastructure. Indeed, Albanian Minister of Transport and Infrastructure Edmond Haxhinasto suggested recently that growing tourism figures are one of the key factors behind plans for a new airport. Tirana International Airport is currently Albania´s only international airport so it is important to construct another airport in the south of Albania in order to further realise tourism potential across the whole country.

“As an EU potential candidate country, Albania shows positive signs of following other Southern European countries such as Croatia and Montenegro in terms of their infrastructure and tourism development. And like their Balkan neighbours, interest from international second home buyers is also steadily increasing as people realise the superb buying opportunity in this hidden gem of a country.”

Lalzit Bay Resort & Spa, a beautiful 5* beachfront development just 30 minutes from Tirana’s airport, is fast becoming one of the most anticipiated resort destinations in the Eastern Mediterranean, as well as an attractive investment choice for British and European buyers.

From as little as €35,000 for a studio, Lalzit Bay Resort & Spa provides holidaymakers with superb on-site facilities including a beach club, tennis courts and a wide choice of delicious international cuisines available in the resort’s numerous restaurants.

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

The Bahamas leads the way as investors race back to the Caribbean

The Bahamas leads the way as investors race back to the Caribbean

by Kate Bahamas
  • Caribbean prices dropped by 30% and Bahamian prices by 40% following global economic crisis (Savills)
  • Investors excited by the Bahamas once more as market stabilises (Brookes & Co)
  • Bahamas is Caribbean’s fifth most visited destination (Caribbean Tourism Organization)

Along with much of the rest of the world, the property market in the Caribbean has suffered since the global financial crash of 2006/07. According to the recently released Savills Prime Residential Retreats 2014 report, property across the Caribbean lost around 30% of its value in the years following the economic downturn. In some areas, such as the Bahamas, real estate prices dropped by as much as 40% between 2007 and 2010.

Now, however, it seems the Caribbean is surging back to life, with resort investments in leading locations – like the fabulous Royal Ocean Club in the Bahamas – being flagged by Savills as some of the hottest property investments in the global marketplace. The two key words in the report were ‘retreat’ and ‘resort,’ with investment in exclusive holiday destinations on the rise. As the report explains,

“The recovery which started in cities in 2009 is now rolling out to the hinterlands and boltholes inhabited during weekends and vacations by equity rich homeowners.”

The Caribbean sits firmly within this category, as Philip Button, Managing Director of property investment specialists Brookes & Co explains,

“The Caribbean luxury property market – and in particular the Bahamian market – was undeniably affected by the economic downturn. However, now that prices have bottomed out, we are seeing a marked upsurge in interest, with clients taking advantage of being able to pick up five star properties at reduced prices, in anticipation of prices increasing once more in the months and years ahead.

“Investors are also looking for strong returns when it comes to the Bahamas, which is why the Royal Ocean Club on Grand Bahama has attracted such attention. With deposits as low as £29,790 and ocean front units from £99,300, plus non-status developer finance at 70% LTV, clients are keen to obtain a stake in the resort before prices across the Caribbean rise to their former levels once more.”

According to the Caribbean Tourism Organization’s Latest Statistics 2013 report, released in early 2014, the Bahamas attracted some 1,136,898 stop-over arrivals during 2013. The figure positions the Bahamas as the fifth most popular destination in the Caribbean for the year.

Many of those who visit the Bahamas fall instantly for the island chain’s charms, from its crystal-clear waters full of darting, brightly coloured fish, to rum cocktails sipped on powdery white sand beaches, to spicy and flavourful cuisine that makes the most of the islands’ varied natural food sources. Investors are also charmed by the Bahamas’ tax incentives, with many who purchase property there choosing to take advantage of the home owner’s residence scheme and the lack of taxes on income, sales, estates, inheritance and real estate capital gains.

With so many attractions, it is unsurprising that the Bahamas is seen by those in the industry as one of the most exciting property investment markets available in 2014, with investors rushing to pick up bargain properties and be part of the islands’ revival.

For more information, contact Brookes & Co on 01621 875 925 or info@brookesandco.co.uk, visit www.brookesandco.co.uk or meet the team online.

Albania is first port of call for travel through 2014 and beyond

Albania is first port of call for travel through 2014 and beyond

by Kate Albania
  • Thomson Cruises adds Durres port to its 2015 cruise destinations
  • Albania home to top travel attraction (Outside Magazine Travel Awards 2014)
  • 200 million euros to be spent in Albania throughout 2014 (Macedonia tour operators)

Thomson Cruises has announced it will be expanding its destinations for 2015 with 28 exciting new destinations, including the port of Durres in Albania. The leading cruise liner has announced that it will be offering a wider choice of destinations in some of the most up and coming European locations, as well as providing guests with the flexibility to cruise and stay away as part of their holiday, with more hotels introduced to the company’s collection.

But it’s not just cruise passengers who will want to investigate the wonders of the Balkans. Following double digit growth in traveller numbers last year and thanks to the Outside Magazine Travel Awards voting the mountainous, breath-taking Via Dinarica as the best new trail in 2014 for avid trekkers, an increasing number of holiday makers will be setting their sights on Albania this year.

The stunning, 600 mile stretch through the Dinaric Alps known as the White Trail, which stitches together old routes from Slovenia to Albania, boasts  8,000-foot stegosaurus spines, fairy-tale meadows and stone guesthouses. It is typical of the incredible and largely untapped natural beauty available in Albania.

Peter Walshe,Marketing Director for  Lalzit Bay Resort &Spa comments,

“Tourism is playing an ever more prominent role in the Albanian economy. Accounting for around 11% of the nation´s GDP in 2012, tourism brought in €1.2 billion in profit in 2011. With tourist numbers rising to more than 4 million last year, it is important that Albania establishes a long-term plan to capitalise on its growing popularity.

“Indeed the recently signed cooperation agreement between the Albanian and Macedonian national tourism agencies is a really positive step and just the kind of collaborative strategy that Albania needs to implement in order to boost visitor numbers in the future.”

Travellers from neighbouring Macedonia already frequently visit Albanian coastal areas such as Lalzit Bay for their summer holidays as around 30% of Macedonia’s population is ethnic Albanian with Macedonian tour operators predicting that their visitors will spend some €200 million while holidaying in Albania during 2014.

Part of the key to Albania’s charm for both Macedonians and many other nations alike is the relatively low cost of holidaying there. The country’s paradise-like beaches, many of which are still undiscovered by mass tourism, also play a key role in attracting those ‘in the know’ for their holidays.

Edi Rama, the Albanian Prime Minister, has singled out tourism as a sector in which investments are almost certainly guaranteed to be successful. He has also emphasised importance on fuelling growth in the energy sector, agriculture and Albania’s infrastructure. A 10 year plan, currently under development, will seek to knit together these various strands in order to produce a sustainable, long-term strategy for tourism in Albania. Mountain and beach tourism are expected to feature strongly in the plan.

The tourism accommodation sector is one in particular which has already seen increasing levels of foreign direct investment. High quality, luxury projects such as the 5* Lalzit Bay Resort & Spa have been welcomed by the government as they are meeting the demand from both domestic and international holidaymakers and second property owners alike.

Lalzit Bay Resort & Spa can provide the perfect investment opportunity for as little as €35,000, offering high-specification beachfront villas and apartments surrounded by superb on-site facilities. These include a beach club, tennis courts and a wide choice of gourmet restaurants offering international cuisines.

Lalzit Bay, currently under construction, is set to become one of the most desirable resort destinations in the Eastern Mediterranean, as well as an attractive and attainable lifestyle and investment choice for those wanting a superior second home in the sun or a buy-to-let property abroad.

For more information contact Lalzit Bay Resort & Spa on + 44 845 125 8600 or visit www.lalzitbay.com .