US housing market surges back to life with Florida stepping forward as latest investment hotspot

US housing market surges back to life with Florida stepping forward as latest investment hotspot

by Kate United States
  • US house prices rise by 11.5% in a year (National Association of Realtors)
  • High end property sales in Florida increase 24% in 2013 (Florida Realtors)
  • US dollar exchange rates best they have been for British buyers since 2009 (Brookes & Co)

The outlook is bright for the US housing market, according to the latest figures. The median sales price for homes across the nation increased 11.5% in 2013 compared with the previous year, to $197,100 according to the National Association of Realtors.

The luxury end of the market has recovered particularly well. In fact, the Demand Institute’s ‘A Tale of 2000 Cities’ report has revealed that the value of stock at the top end of the market has risen by an impressive 73% since 2000. The report belies the belief that snapping up bargains at the bottom end of the market is the best way to profit from real estate: over the same period, the stock at the lower end of the market rose by a comparatively low 59%.

The favourable exchange rate at the moment is making the US property market particularly attractive to British buyers, who effectively have an additional £6,500 per £100,000, compared to February 2013, thanks to the strength of the pound against the dollar.

Regarding the US’s recovering economy, Jeff Korzenik, chief investment strategist for Fifth Third Bank in Chicago, states,

“We believe the U.S. is going to see accelerated growth in this year, the best growth since 2005.”

Korzenik’s analysis includes confidence in the US’s resurgent housing market and, as ever with an improving market, certain areas of the country are emerging as investment hotspots, attracting investors from around the globe due to their potential for high returns. He observes,

“The way Florida has worked historically is if the U.S. is doing well, Florida tends to do very well. It’s widely perceived as a business-friendly state. Because Florida has run its fiscal affairs very prudently, Florida should be able to increase its investments better than many other states, and we think that’s a competitive advantage for Florida.”

The figures certainly seem to back up the investment expert’s predictions. At the start of 2014, Florida’s housing market marked the 26thconsecutive month of year-on-year increases in median property sale prices. The number of single-family home sale closures in 2013 was up 11.8% compared with the previous year according to Florida Realtors and the median sale price reached $168,000 – an increase of nearly 16% on 2012. Sherri Meadows, the company’s president, comments,

“The positive fundamentals of Florida´s housing sector continue into 2014.”

Philip Button, Managing Director of Florida property investment specialists Brookes & Co, agrees. He has seen interest in leading development The Fountains at ChampionsGate – which Brookes & Co is presenting to the UK market in partnership with established developer Feltrim – increase massively so far in 2014. Only 12 of the original 50 units at the stunning resort remain available for investment. Button explains,

“The market has been so buoyant in Florida recently that UK buyers are eager to invest in the Sunshine State. The strength of the pound against the dollar at the moment means that they get more for their money than they would have done a few years ago, while the resurgence of the US housing market creates scope for huge NET annual returns on cash invested – such as 14.61% at The Fountains. In fact, US dollar exchange rates are currently the best they have been since 2009 for British buyers.”

Of course the improving market means that prices of investment properties are increasing and The Fountains is no exception. Investment in the luxurious three and four bedroom villas now begins at £53,128 deposit, with full villas available from £212,512 and US mortgages available. Located in a secluded development scattered with oak and pine trees, along with a state of the art clubhouse and fitness centre, plus a resort-style pool, The Fountains offers peace and tranquillity at the same time as being just minutes from the buzzing attractions of Walt Disney World Resort and Orlando’s numerous other attractions.

As has proven the case nationally, upscale properties such as these are showing strong returns in Florida, with Florida Realtors reporting a year-on-year jump of 24% in 2013 on the number of sales of properties at the top end of the market.

With prices set to increase further over the course of 2014 and beyond, those keen to benefit from Florida’s real estate investment hotspot status will need to move fast. Thankfully, Brookes & Co organise regular inspection trips to the Sunshine State, so no potential investor need miss out on the fantastic opportunity that Florida currently affords.

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

There needn’t be taxing times ahead for property investors, as Brookes & Co announces 2014 budget seminar

There needn’t be taxing times ahead for property investors, as Brookes & Co announces 2014 budget seminar

by Kate United Kingdom
  • Brookes & Co tax planning seminar on 26 March 2014 at London’s Pall Mall Institute of Directors venue
  • New UK budget due to be delivered to Parliament on 19 March 2014
  • International property markets to be considered in light of UK budget announcements

19 March 2014 will see the Chancellor of the Exchequer proudly deliver his annual budget to Parliament. While the Government’s public consultation on what the UK’s citizens would like to see in the budget has been open for some weeks, most individuals will be asking what the budget will mean for them personally, rather than contributing their thoughts on how the Chancellor might be able to innovate in 2014.

Economic circumstances over the past decade in the UK have been on something of a rollercoaster ride. The budget, which forms part of the UK’s vision of achieving strong and sustainable economic growth, marks a key point each year for every UK citizen when it comes to considering how best to handle their tax affairs, investment portfolio, savings and so forth.

Always at the forefront of successful tax planning, specialist accountancy and property investment firm Brookes & Co will be holding a tax planning seminar on 26 March, to address the issues raised by Chancellor Osborne’s 2014 budget.

Held at London’s prestigious Institute of Directors Pall Mall venue, hosted by Brookes & Co directors Philip Button and Ashley Foakes, the seminar will focus on the relationship between tax planning and real estate investment, both in the UK and overseas.

Brookes & Co is uniquely placed to advise clients on property investment, as Managing Director Philip Button explains,

“At Brookes & Co our background is as Chartered Certified Accountants, so we take the financial side of property investment very seriously. We’re able to provide our clients with a unique perspective on their investments, which takes into account all relevant taxation and other economic considerations.

“We also take the approach of always investing our own funds in the opportunities that we recommend to our clients, so that we are investing in partnership with all those who benefit from our company’s services. Offering our latest tax planning seminar, which ties in with the timing of the 2014 UK budget, is another part of our 360 degree approach to supporting our clients to achieve sound financial planning through appropriately considered property investment.”

The Fountains at ChampionsGate is precisely the kind of investment to which Button is referring. Offered to the market in partnership with renowned developer Feltrim, the development consists of three and four bedroom luxury villas in Orlando, Florida, just minutes from the city’s leading Walt Disney World Resort attraction.

In addition to year round sunshine, carefully landscaped seclusion, a resort-style pool and close proximity to 36 holes of Greg Norman-designed championship level golf course, the development offers investors impressive returns of 14.61% NET on cash invested. Deposits are available from as little as £46,875, with full price villas from £188,900 and US mortgages available. Investors can also benefit from six weeks’ usage of the property without compromising their rental return.

With careful tax planning and investment advice based on secure and stable real estate markets, such as that in Orlando, Brookes & Co is confident that it can support its clients to invest successfully in property both in the UK and overseas. The company invites anyone who wishes to know more to join them for their 26 March tax planning seminar in London.

For more information, contact Brookes & Co on 01621 875 925 or info@brookesandco.co.uk, or visit www.brookesandco.co.uk. To reserve your place at the seminar, email Tim Harrington at Brookes & Co now: tim@brookesandco.co.uk.

Golden sands and blue flags are key to Albania’s tourism development – Lalzit Bay Resort is leading the way

by Kate Albania

According to the latest research report by ABTA, the UK’s leading travel association, beach holidays will remain the top choice with 44% of people considering packing their bags for this type of holiday in 2014.

From the early days of Mediterranean package tours back in the 1960’s, beach holidays have stood the test of time and remain popular with all age groups. This is particularly true for younger holidaymakers with half of 16-24 year olds (53%) taking a beach holiday in the 12 months to August 2013 and 44% of 25-34 year olds, ABTA findings reveal.

For any hotel or resort looking to attract this group of holidaymakers, the quality of the beach itself is paramount which is why the British developers behind, Lalzit Bay Resort & Spa, are currently developing the 5* frontline resort on Albania’s Adriatic coast.

Wind back the clock some 25 years and behind the Iron Curtain you would find organised groups cleaning and maintaining the 370km Albanian coastline stretching from Greece in the south to Montenegro in the north. Unfortunately after the collapse of communism the weekly neighbourhood clean-ups lessened in frequency due to their association with the regime.

The tide has now turned however with Albania’s Council of Ministers approving a proposal to create a National Coastal Agency. This new 30-strong agency will set out to ensure that the development of Albania’s coastal zone will proceed in a sustainable manner.

Prime Minister Edi Rama and his fellow Albanians are acutely aware that tourism holds the key to development in coastal regions, and recognise that pristine beaches are key assets in bringing visitors to this emerging European destination.

With the support of the World Bank, the Albanian government has also embarked upon a new Integrated Coastal Zone Management and country-wide Clean-up Project. They are also planning to apply for international Blue Flag status which is awarded to beaches that adhere to strict water quality criteria set by the Foundation for Environmental Education.

These positive developments are very much echoed by Peter Walshe, Sales & Marketing Director Lalzit Bay Resort, who comments,

“Albania’s coastline is one of its greatest assets and its responsible management will be a major benefit to the local communities and foreign visitors.

“The Adriatic coast has an abundance of shingle and rocky beaches, yet this stretch of Albania’s coast is one of the few with a beautiful 200m wide, 14km long sandy beach. Its popularity is growing quickly and Lalzit Bay has become an extremely popular destination with visitors from all around the region and is in a prime location at just 35km from the capital. Every summer we see more and more foreign visitors from all over Europe visiting Albanian and Lalzit Bay, bringing their families and children and enjoying this stunning location.

“Accessibility is excellent with Tirana International is a 2.5 hour flight from London Gatwick with British Airways and a 30 minute drive from the airport into the resort on brand new roads. Our properties are finished to high standards and priced at a huge discount to Montenegro, Croatia and Greece. None of these destinations for sale can beat beach front prices from €1,000 per m2 and entry level studios from €35,000 m2.”

For more information on the unique online store opportunity to own a 5* home with a frontline beach location, contact Lalzit Bay today on +44 845 125 8600 or visit www.lalzitbay.com.

Florida’s housing market attracts global attention as Orlando prices rise 24% in a single year

Florida’s housing market attracts global attention as Orlando prices rise 24% in a single year

by Kate United States
  • Pending sales in Florida up 17.6% in 2013 (Florida Realtors)
  • Orlando house prices up 24% in one year (Orlando Regional Realtor Association)
  • Florida’s GDP set to increase by 3% in 2014 (BMO Economics)

The news for Florida’s housing market just keeps getting better. Not only has data from Florida Realtors confirmed that the state ended 2013 with more closed sales, more pending sales and higher median prices than in 2012, but it has also attracted the largest share of foreign buyers of any state in the US.

Florida’s closed sales of single-family homes were up 11.8% in 2013 over the 2012 figure, with pending sales (where contracts have been signed but not completed) up by an even more impressive 17.6%, according to the latest figures from the Florida Realtors Industry Data and Analysis department. The state-wide median sale price jumped 15.9% for the same period, to $168,000.

Florida’s success is set against an improving picture across the US, with the National Association of Realtors (NAR) recording a national increase in the median sale price for single-family homes in 2013 of 11.5% compared to 2012. The median price reached $197,100 for the year.

The figures show that not only are prices in Florida increasing faster than the US average, making it an attractive location for those looking for capital gains from real estate investment, but that they still have some way to go before they reach the national median figure of $197,100. These two factors have been responsible for a recent surge in foreign investment in Florida’s real estate, which data from the NAR Profile of International Home Buyers has shown accounted for 23% of the US total.

The figure confirms Florida’s position as capturing the largest share of foreign real estate investment in 2013 of any state in the US, with non-resident foreigners accounting for $6.4 billion of investment in the state in 2013. Interestingly, the NAR data has also shown that foreign investors’ desire for ‘above-average properties’ means that they purchase more luxurious (and expensive) homes than the state’s median price.

The high end three and four bedroom villas at The Fountains at ChampionsGate in Orlando are just the type of property that foreign investors are looking for. With gourmet kitchens, outdoor terraces, a resort-style pool and a clubhouse within walking distance, the villas provide the luxurious standards that overseas buyers demand. Surrounded by pine and oak trees, they offer peace and seclusion in which to enjoy Florida’s year-round sunshine, yet Walt Disney World and Florida’s myriad other attractions are just minutes away.

Orlando is one of Florida’s most popular areas when it comes to foreign real estate investment. Philip Button, Managing Director of Brookes & Co, the property investment specialists who are presenting The Fountains to the market in partnership with leading developer Feltrim, explains,

“Orlando has everything – a fantastic climate, world-class theme and water parks and some of the best golf courses in Florida. We’ve seen prices here increase by 24%

during 2013, according to the Orlando Regional Realtor Association, and the picture continues to improve. It’s an extremely exciting time for those looking to invest in Florida’s real estate market.”

Despite the increase, prices in the Orlando area remain well below their median peak of $264,000 in 2007, leaving investors excited about how much further prices may be expected to rise. Their confidence has strong foundations. According to a recent report from BMO Economics, Florida’s GDP is expected to increase by 3% during 2014, the state’s job growth rate was up 2.6% year on year in December 2013 (against a national rate of 1.7%) and housing starts rose by 35% for the year.

By 2020, Florida’s population is expected to increase by some 1.9 million people, according to the University of Florida’s Bureau of Economic and Business Research. The increase will push the state’s population past 21.1 million, making it the third most populous state in the US. The increased population is expected to mean that Florida surpasses the population of New York in the near future.

With so many new residents needing housing, along with Florida’s record-breaking year for tourism in 2013, it’s no wonder that investors across the globe are so excited about the possibilities of the Sunshine State’s dynamic real estate sector.

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

Fall in love with the sleeping beauty of romantic destinations – Albania

Fall in love with the sleeping beauty of romantic destinations – Albania

by Kate Albania

Albania is the sleeping beauty of romantic destinations. An undiscovered jewel and melting pot of rich culture and exotic influence; renowned for its natural beauty, this once well-kept secret of the Balkans is fast becoming one of the world’s most interesting romantic getaways.

This diverse Adriatic land consists of white sandy beaches, magical forests, freshwater lakes and an attractive mix of ancient culture and arts. Perfect for exploring with someone special, Albania even captured the heart of famous romantic poet Lord Byron whilst on his travels through Eastern Europe in 1809.

Furthermore, Yahoo recommended Durres a ‘must-go’ destination for romance. With ancient ruins and colonial style streets boasting bazaars and street markets, not to mention stunning Adriatic sea views, this coastal city is perfect for strolling hand in hand with a loved one.

Just 30 minutes south from Durres lies the luxurious Lalzit Bay Resort and Spa, a magnificent new collection of apartments and villas currently under construction. Boasting a rare frontline location with direct access to the wide, unspoiled sandy beach and crystal clear turquoise sea views, you’ll soon be falling for the magical charms of Lalzit Bay.

Taking resort development one stage further in Albania, this 5* resort offers luxury accommodation from as little as €35,000 for a studio, as well as deluxe apartments and fantastically romantic villas complete with beautiful marble interiors and swimming pools/Jacuzzis.

Villa purchasers at Lalzit Bay can choose from a number of differing styles and internal layouts with each property named after a stunning Hollywood leading lady such as Marilyn, Audrey, Brigitte, Sophia and Coco… names which exude elegance and beauty, mirroring the properties well-appointed design.

According to overseas property marketing expert, Peter Walshe, Marketing Director for Lalzit Bay Resort and Spa, “Today’s property buyers are looking for something more for their money – stunning second homes in locations that pull on their heartstrings!

“At first it might seem a surprising destination for a romantic holiday but being surrounded by unspoiled scenery you could only dream of, the undiscovered jewel of the Balkans, Albania provides the perfect setting for a second home where you can really disappear from the crowds and relax.”

So what are you waiting for? Lalzit Bay Resort and Spa provides the perfect opportunity to own your own slice of Balkan romance.

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

Tourism sector developments a top priority for Albanian Prime Minister Edi Rama in 2014

Tourism sector developments a top priority for Albanian Prime Minister Edi Rama in 2014

by Kate Albania

With its developing market economy, Albania offers many opportunities for investors.  The location alone offers notable potential, especially with EU markets, with the Balkan nation sharing a border with Greece and being located just 45 miles across the Adriatic Sea from Italy.

Albania has also entered into free trade agreements with all other Balkan countries with economic growth supported by improvements in infrastructure, technological innovations and developments in tourism thus boosting investor confidence further.

Indeed the Prime Minister of Albania, Edi Rama, recently met with representatives of business and industry to discuss making developments in the tourism sector a priority in order to drive investment and protect Albania’s natural beauty.
Peter Walshe, Head of Marketing at Lalzit Bay Resort and Spa, the new 5* luxury resort located on Albania’s Adriatic coastline, comments,

“Albania is undoubtedly still in its infancy when it comes to mass international tourism but that’s what makes it such an exciting time to be involved in the country. We are confident that Albania will be firmly established on the global tourism map in the near future, with those who invested early in this jewel of the Balkans reaping the greatest rewards.”

Indeed, the charms of Albania are not going unnoticed: The New York Times has recently ranked Albania as a top destination to visit in 2014; Rough Guides also lists Albania as one of its top value destinations.

From private commercial enterprises such as Lalzit Bay to government led initiatives, there’s no stopping the interest in Albanian tourism from all camps. The Stabilisation and Association Council (SA Council) between Albania and the European Union for example have devised a new deal committed to short term visa free travel which will no doubt assist with EU accession efforts as well as attract further foreign direct investment.

The tourism accommodation sector is one in particular which has seen increasing levels of FDI. High quality, luxury projects such as Lalzit Bay have been welcomed by the government as they are meeting the demand from both domestic and international holiday makers and second property owners alike as well as creating jobs and wealth for the local communities.

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

Lalzit Bay will soon 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 indeed a buy-to-let property abroad.

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

Albania’s tourism market predicted to fly high into 2014 with new flights announced

Albania’s tourism market predicted to fly high into 2014 with new flights announced

by Kate Albania
Albania’s tourism market is set to continue to fly high in 2014 as Tirana International Airport has recently announced that four different airline carriers will between them launch an average of 140 direct flights per week to various international destinations across Italy.
Following the suspension of Belle Air flights, a number of European carriers have expressed interest in the lucrative Albanian to Italy  market. Indeed, thehis new introduction of daily direct flights from Italy is thought down to to be due to an increase in passengers wanting to explore this jewel of the Balkans.
This promising excellent news comes just days after the Albanian government announced significant steps in transportation infrastructure projects to improve travel and develop local economies, enhancing Albania’s holiday destination image for overseas visitors and boosting potential investor confidence.
Peter Walshe, Head of Marketing at Lalzit Bay Resort and Spa, a beautiful 5* beachfront development in Albania, just 45 minutes from Tirana, fast becoming a desirable resort destination in the Eastern Mediterranean as well as an attractive investment choice, comments:
“We feel that infrastructural developments such as these have played a crucial part in fuelling the incredible level of interest we have seen at Lalzit Bay Resort & Spa. The first 80 two apartment blocks which we are about to complete are already soldalmost sold out which is an incredible achievement in the current global economic climate. With this in mind, we are extremely excited to see the valuable outcomes for both Albania and Lalzit Bay once improvements are completed.
“The future is certainly looking bright for Albania. With high numbers of tourists already flocking to the country combined with the new daily flights from across Europe, Albania is set to explode as a tourist destination generating considerable revenue for the country. Albania’s biggest attractions, as well as its cultural and historical charm and as well as a warm Mediterranean climate, are undoubtedly have to be the extremely low cost of living and an ever improving infrastructurethe incredible coastline which amazes so many people on their first visit”
For those thinking about tapping into Albania´s property market, Lalzit Bay Resort and Spa offers a premium, exclusive beachfront product to investors who want the benefits of holiday home ownership including private gardens and terraces, exclusive services as well as a range of facilities including private swimming pools, a BBQ area, tennis courts and superb restaurants.
Investors in the resort can purchase studios, one or two bedroom apartments or a range of villas from just €35,000 each. with sea views. Buyers can use their property themselves or rent out to earn healthy revenues from the increasing numbers of tourists that visit the region each year.
For more information contact Lalzit Bay Resort & Spa on +44 845 125 8600 or visit www.lalzitbay.com

Five reasons to look east and invest in the secret jewel of the Balkans in 2014

by Kate Albania
  • EU candidate status expected in 2014 boosting investor confidence
  •  Visitors to Albania increase 13% in H1 2013 (Ministry of Tourism, Cultural Affairs, Youth and Sports)
  • New flights make secret Balkan holiday destination easier to access

Ever since adventurous travellers started visiting the elusive Albania in the 1990s, tales have been told in ‘keep it to yourself’ whispers of azure coastlines, delicious cuisine, incredible heritage sites, affordable adventures and the possibility of unplanned journeys off the beaten track complete with welcoming locals. But Albania won’t be a secret for much longer.Indeed, with tourist arrivals are up 13% in H1 2013 (in comparison to the same period last year) according to Albania´s Ministry of Tourism, Cultural Affairs, Youth and Sports. Coupled with Alitalia’s low cost airline commencing flights in January 2014 from several cities across Italy, it could be that the secret is already out!Peter Walshe, Marketing and Sales Director of Lalzit Bay Resort and Spa, the luxury 5* beach resort nestled on Albania´s Adriatic coast, offers five top reasons why property investors buyers in particular should look eEast to Albania in 2014:

1.EU candidacy expected – The newly appointed Prime Minister Edi Rama has pledged that Albania´s future lies firmly in the European Union and is confident in the nation’s capacity and commitment to fulfil accession criteria. With candidacy and subsequent membership comes increasing investment, which will undoubtedly mean property prices will rise, so now is the time to beat the Euro and buy!

Keen to bolster Albania’s European links, Edi Rama recently paid a visit to 10 Downing Street where he met with British Prime Minister David Cameron and discussed bilateral relations between the two countries, which were considered excellent, as well as economic and trade cooperation. Prime Minister Cameron stressed that the UK government supports Albania´s European integration.

In addition to potentially becoming a part of the EU and after celebrating 100 years of independence from the Ottoman Empire in 1912, Albania finished its NATO integration phase last month with officials reporting that the country now is more capable of expanding its responsibilities in the alliance.

2.Growing Economy – Over the last decade, foreign direct investment in Albania’s infrastructure has played an important role in fostering the economic development of the Balkan nation. The massive overhaul and upgrading of transportation and communications has already boosted confidence amongst investors looking to Albania in 2014.

According to a report by the World Bank  the Albanian economy will recover in the coming years with a projected growth rate of 1.3 per cent in 2014, seemingly coping well with the global economic downturn, which is due in no small part to Albania implementing strong policies before the Eurozone crisis took hold.

3.Exotic Europe – Cox & Kings, the world’s most enduring luxury travel brand, has recommended Albania in their ‘Exotic Europe’ category. Indeed, the tiny Balkan nation offers travellers a wealth of character that is historic and yet modern and ready to be discovered. Beautifully preserved medieval towns and castles stand side-by-side with effervescent, cosmopolitan cities. With a mix of street cafes and seaside towns, the region is a comfortable combination of the familiar West Europe and the Mediterranean.

Albania is the perfect stepping stone for travellers to explore central Europe, with cheap airlines offering increased flights from all over Europe, making it easier than ever to visit!  With Montenegro, Croatia, Serbia and Kosovo to the North, Macedonia to the East and Greece lying to the South, your options are endless.

Specialist tour operator for discerning travellers, Kirker Holidays has also launched their latest range of tours encompassing life-enriching itineraries across the world. The 2014 programme features 14 new tours including Albania as the fascinating focus of one 11-night tour that includes visits to the capital, Tirana, the Old Town of Gjirokäster (UNESCO site) and the well-preserved 7th century archaeological site of Butrint, as well as scenic and historic sightseeing in neighbouring Greece and Macedonia.

4.Buyer incentives – Genuine incentives get to the heart of what’s on a potential buyer’s mind – what value are they getting for their hard earned cash?

The location, the quality of properties and facilities on offer at Albanian resorts such as Lalzit Bay will always be the main selling points but value-added extras show potential buyers we are thinking about their needs, that developers want their custom, and are willing to go the extra mile to win it in 2014.

For property purchasers in 2014, the 5* resort is set to give away a free Fiat Punto or Skoda Octavia to buyers of deluxe apartments or two bed villa apartments and for investors, a very healthy 6% guaranteed rental income for the first two years of ownership is also on offer.

5.Finance is available – Contrary to popular opinion, mortgage finance is available in Albania. There are now 17 different banks in Albania, all of which are foreign owned, enabling buyers to obtain mortgages , onwith relatively good terms and in either Euro or Lek. Indeed Aas the Albania’sn property market develops, mortgage availabilitys are is expected to continue to improve over the coming years.

Lalzit Bay Resort and Spa ,by way of  example, offers mortgage finance at 50% of the property’s  value through international bank Fibank, operating in Tirana. Pre–approval for buyers can also be arranged during the purchase process, making it easier and quicker for investors to make their Balkan dream a reality.

With so much going for it, Albania should be a serious contender for savvy investors looking to branch away from mainstream Europe and own a slice of something new and exciting.

Boasting a breath taking beachfront location on the beautiful golden sands of the prestigious and untouched Lalzit Bay and stunning views of the Dauti mountain range, Lalzit Bay Resort and Spa is perfectly positioned to capitalise on Albania’s fast rising popularity and international prominence.

The resort is being built by British developers alongside Strabag Engineering, to international standards with excellent onsite services and facilities.

A beautiful Mediterranean climate and over 200 days of sunshine a year, combined with very competitive pricing and all within 2.5hrs of most major European cities, make this a very attractive and attainable  lifestyle and investment choice for those aspiring to an affordable quality second home in the sun.

Prices on the development start from only €35,000 and guaranteed rental yields are being offered on Phase I 1 only at 6% per annum for two years. For more information please go to www.lalzitbay.com or call 0845 125 8600.

Lalzit Bay Resort & Spa set to attract second home buyers with a little va va voom

by Kate Albania

As the overseas property market has been put through its paces over the last few years, the established practice of marketing homes using buyer incentives has been elevated from an occasional offer to welcomed extras that buyers now expect to see.

  • Selling homes using buyer incentives has been elevated in the overseas property market
  • Lalzit Bay Resort & Spa, Albania introduce a lucrative deal with purchase of beach resort properties
  • All 2 bed villa apartments/deluxe apartments & 3 and 4 bed villas now available with free car included in the price
  • Investors can instead opt for 6% 2 year rental guarantees

Savvy sellers have created win-win strategies for differentiating their developments in a crowded market by throwing uber-desirable perks into the deal.

One such example is the fantastic offer recently introduced at Lalzit Bay Resort & Spa, a brand new luxury 5* development nestled on the Adriatic coast of Albania.

Buyers of deluxe apartments or 2 bed villa apartments will receive a free Fiat Punto; a free Skoda Octavia awaits new villa buyers. For investors a very healthy 6% guaranteed rental income for the first 2 years of ownership is also on offer.

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

“Genuine incentives get to the heart of what´s on a potential buyer’s mind – what value are they getting for their hard-earned cash.”

“Make no mistake, the location, quality of properties and facilities on offer at Lalzit Bay Resort will always be the main selling points but value-added extras show potential buyers we are thinking about their needs, that we want their custom, and we are willing to go the extra mile to win it”.

Mr Walshe continues,
“Whilst the free car is an attractive perk for our lifestyle buyers, our rental guarantee scheme will help to broaden the appeal of our products to investors. Having greater visibility on future income in the early stages of a project is a genuine and unique benefit in the rapidly growing Albanian property market. We’re delighted that within a week of launching we already have two investors from the UK signed up.”

Lalzit Bay Resort and Spa provides a premium, exclusive beachfront product with high quality infrastructure and a fully gated community. Buyers who want all the benefits of freehold ownership including private gardens and terraces, exclusive services and privacy as well as a range of facilities including swimming pools, a BBQ area, tennis courts and superb restaurants can do for as little as £67,000.

For more information on owning a stunning apartment or villa in one of the best performing growth markets in South Eastern Europe or the new incentive, please contact Lalzit Bay on +44 845 125 8600 or visit www.lalzitbay.com.

Holiday homes in Albania? Are you serious? “Yes we are!” says Lalzit Bay Resort & Spa as 70% of properties sell off-plan

by Kate Albania

Bordering Montenegro and just up the Adriatic coast from Greece, Albania has long been dogged by memories of the Yugoslav wars which tore the Balkans apart in the Nineties.

The conflict all but destroyed the region’s tourism industry but in 2009, Albania joined NATO, officially became recognised as a potential EU candidate country, and within a few years, has transformed into an increasingly popular holiday destination, bursting back onto the resort scene in 2010 with the announcement of the new luxury 5* residential development, Lalzit Bay Resort & Spa, located just north of Durres.
Critics of this pioneering project pondered the reasoning behind building holiday homes in Albania during turbulent economic times across Europe, with some concerned that Albania was almost ‘too emerging’ for investors.
However these, often uneducated, objections only cemented the British development team’s belief in Lalzit Bay Resort & Spa further and spurred them on to make it a success. Now some 3 years later, the team led by Sales & Marketing Director Peter Walshe, a chartered marketer with a background in international property, is proud to announce that over 70% of the apartments and villas have now been sold off-plan to buyers from all over the world, proving the critics wrong.
Walshe comments, “Having worked in overseas property for almost a decade before being invited to join the team at Lalzit Bay, I had seen my fair share of successful and not so successful projects. I quickly learnt the fundamentals of what second home buyers and investors look for in international resort developments and applied them to Lalzit Bay, building a team of the best in the UK with the best in Albania.
“Admittedly the recession has made investors more cautious about buying second homes but I think this is true across the board in all holiday home destinations and actually we prefer our buyers to take their time and only purchase when they hold 100% belief in both Albania and Lalzit Bay. Many people said I was mad to take on this project, but here we are, 3 years later and the off-plan sales figures speak for themselves.”
So what is Lalzit Bay’s magic recipe?
Location, Location, Location
Albania is indeed an emerging market but as tourism figures show it is also a holiday destination to be reckoned with; it has the winning combination of being both affordable and undiscovered.
Just 2.5 hours direct flight from the UK and numerous other European capitals, Albania boasts a wonderful year round climate and 200 days of sunshine. Besides the famously stunning beaches with every kind of water sport you could imagine, there are other attractions to be enjoyed by the whole family such as national parks, exciting mountain trails and ancient roman amphitheatres. However, what’s more important is that by the end of the day, the kids and the other members of the family have a secure and relaxing place to go back to. Lalzit Bay Resort & Spa offers just that and with 70% of all properties sold off plan already, is proving extremely popular.
Holiday homes designed around you
 
The team at Lalzit Bay are working with the best to deliver what home owners want and have partnered with Woods Bagot, a world-class, award-winning British architectural practice with extensive experience designing luxury resorts that combine cutting-edge design using sustainable, environmentally friendly materials.
Above all other things, accessibility, function, design and attention to detail is what makes these frontline properties stand-out. Indeed, Gerard Mizrahi, Lalzit Bay’s main financial backer and founder, has 25 years’ experience in a wide range of asset classes and investment types and makes sure absolutely everything in the resort is thought through from dedicated parking spaces and layout of the properties through to the smallest of fittings, interior design and the optimum position to build swimming pools.
Lalzit Bay Resort & Spa offers a premium, exclusive product to buyers who want the benefits of property ownership including private gardens and terraces, exclusive services, and more privacy. They are also including additional services available to villa owners including membership of the Adriatic Club, priority access to facilities, concierge service for cleaning, home-delivery, airport pick-up and access to private beach areas.
Affordability
Albania remains relatively inexpensive, at least by European standards. Everyday prices are up to 50% cheaper than neighbouring Croatia, Greece or Italy so in these times of unsettled economies, Albania is a bargain!
Living comes thrifty in this gem of the Balkan, for just over £10 you will be able to have a three course meal for two and with wine costing just under £5! Property prices are competitive too with apartments boasting direct sea views starting from just €30,000 at Lalzit Bay.
Viable rental market 
Rising tourism levels spurred by new regional road and air infrastructure continue to increase the demand for accommodation especially in coastal areas. British Airways’ commitment to the country with up to 5 flights a week from the UK into Tirana suggests this is a promising area for both savvy travellers and investors to explore. This in turn is generating considerable potential for buy to let investors in Albania and with the nation receiving a record 4.7 million visitors last year there is huge potential to grab a slice of the action.
There will no doubt be strong rental demand in Lalzit Bay based on the exclusivity of the resort, the facilities on offer and the quality of the finished properties. We have estimated that a 2 bed apartment costing €70,000 will generate a rental income of €500 per week over the peak summer months at 75% occupancy giving an annual gross rental income of €6,000 – an overall healthy rental yield of 8.57%.
So if you are thinking about investing in a second home, look no further than Lalzit Bay Resort & Spa. Only moments away from the shore, the stunning resort properties are designed to be the ultimate beach properties in Albania affording private swimming pools, BBQ area, tennis courts and superb restaurants priced from just €30,000. For more information please contact Lalzit Bay Resort & Spa today on +44 845 125 8600 or visit www.lalzitbay.com.