Investors in People: UK businesses look to overseas properties as meeting venue solution

Investors in People: UK businesses look to overseas properties as meeting venue solution

by Kate Italy
  • 80% increase in companies holding meetings overseas (ICCA)
  • Number of international meetings held in Italy increases 14.62% in a year (ICCA)
  • Fractional property provides ideal solution for overseas meetings & employee benefit (Appassionata)

With the end of the financial year looming and the final budget before the General Election having just passed by, UK companies are looking to get their house in order by filing their accounts, tallying up profits and assessing how best to approach the new tax year. As part of this reassessment and future planning often comes how best to build the business and look after staff, an essential part of any success, and this is where a new trend is emerging.

The International Congress and Convention Association (ICCA) has released data from its members that has revealed a growing number of companies are looking overseas to hold their meetings, recording a 4.80% increase in companies doing this during the period of 2012 to 2013.

A move that brings a whole host of benefits, including facilities that potentially cannot be found within the UK, provision of a central meeting point for delegates around the world, thus improving accessibility, and of course the added bonus of warmer weather and sunnier climes to encourage a relaxed atmosphere ideal for maximising productivity.

Taking this concept one step further, some companies are even choosing to purchase their very own overseas property that can be used as a base for such meetings and also in turn be used as a key incentive for staff.

Fractional ownership company Appassionata, based in the region of Le Marche in Italy, has certainly noticed this growing trend themselves. The company sells fractions in beautiful, traditional Italian properties that have been personally restored to the highest of standards by the family business, properties that have recently come to the attention of businesses looking for an overseas space for company meetings.

Founder of Appassionata, Dawn Cavanagh-Hobbs, explains more,

“Fractional ownership perfectly suits businesses looking to purchase property that can be used both for international meetings and as a staff benefit and we have certainly seen more businesses enquiring about this post-recession. Not only is it a cheaper alternative to whole property ownership but the fact that the fraction provides a certain number of weeks usage a year means that businesses are only paying for the period of time they need.

“Our latest project, the gorgeous townhouse of Casa Tre Archi in the hilltop town of Petritoli, suits this need perfectly as it has a breathtaking roof terrace that is the ideal break-out space for meetings – providing peace and quiet framed by showstopping views of rolling countryside, perfect for grounding yourself and brainstorming. Certainly inspirational – we even have Wi-Fi throughout so staying connected is easy! It is also ideally situated close to restaurants and bars, plus a short drive from the beach, meaning that those visiting as part of an incentive scheme can make the very most of their time here.”

With the area of Le Marche visually inspiring and beautifully tranquil, companies that purchase a fraction can use their designated weeks to incentivise staff, offering them the chance to take time away with family and friends. Purchasing through a fractional vehicle for business purposes also means it can be sold on, therefore becoming a company asset and one which is likely to increase in value. Previous Appassionata projects, Casa Leopardi and Casa Giacomo for example, have seen this kind of growth, with owners who have sold on their fractions making a profit on their original purchase.

As the company has shown, Italy is proving a hot choice for businesses looking to host their meetings overseas. For the past two years the country has taken sixth spot in the ICCA ‘The International Association Meetings Market 2013’ report’s most popular places to hold an international meeting list, registering an increase of 14.62% year-on-year, cementing the country’s place on the world stage as a top business meeting destination.

Appassionata’s Casa Tre Archi provides accommodation of three bedrooms and three bathrooms in a luxurious townhouse setting, built into the ancient town walls of Petritoli. With beamed ceilings and traditional terracotta-tiled floors, the property is close to a range of local shops and restaurants and has a small garden as well as the roof terrace. The property is offered as part of a fractional ownership scheme and a share of 1/10th of the property offering five weeks’ exclusive use annually, is available from £65,000.

For more information contact Appassionata on +39 33154 13225 or visit www.appassionata.com

60 seconds with… Universal21 Director, Adil Yaman

60 seconds with… Universal21 Director, Adil Yaman

by Kate Turkey

Universal21 is the leading property agency in South-West Istanbul, with a range of projects that offer investment opportunities in a growing market. Director Adil Yaman explains more about the company, his role and the exciting Istanbul market.

As Director, what does your role include?

“I am responsible for developing sales through our own sales force and contracting local agencies; added to this I also look to develop our media coverage and lead generation. I am always seeking to source new contacts and developments for our pipeline; this involves carrying out thorough due diligence on each project of interest and regrettably many do not make the grade. Our focus is always on maintaining the highest of standards.”

How did you become involved with Universal21?

“I am one of the three Founders of Universal21. I met Philip Skorochod and Monica Anca, the other partners, on previous projects they were selling to the international market. My team was focused on dealing with local sales and we worked on two projects jointly and discovered a good synergy between us – the rest is history! Last year our sales turnover was in excess of 20 million Turkish lira ($8mil USD) and we are looking to double that in 2015.”

What do you think 2015 holds for the Turkish property market?

“The market is being forced to grow due to rapid migration and expansion of the local population and as more foreigners see the investment potential. Outside Istanbul’s CBD prices are still sustainably cheaper compared to other European cities such as Prague, Budapest, Bucharest and Sofia. Istanbul has a ready-made market for rental management as there is such a huge influx of students each year and a lot of transitional employees whilst there is also very little progress in respect of campuses because the cost of land is prohibitive.

“The high percentage of young people in terms of the overall demographic will ensure that the rental market remains buoyant and with the new airport and canal developments in the close vicinity of Beylikdüzü, continued demand and growth is ensured.

“The spectacular changes since the Arab Spring is making Middle Eastern buyers look at Istanbul as a safe haven and we expect a rapid growth in this area of our business. We are also seeing the beneficial effects of the new capital gains tax in the UK and this, together with some of the issues surrounding the student market, is starting to drive traffic to Istanbul. The government’s plans to increase the international student market by 500% in the next decade will also naturally assist this growth.”

With Istanbul tourism at an all-time high, what would be your top tip for an investor currently looking at the options available in the market?

“Do not buy in tourist areas as the prices are far too high and yields low. Deal with a good rental management company who have the same values as yourself and look to studios and one bedroom units for high growth potential and higher yields if you are looking purely at investment as larger properties do not give the same returns.

“As is written in all property books the essence of investment in property is always location, location, location! Buy close to major shopping centres, near metro links and all necessary local amenities as most people in Istanbul do not want a car because it is too expensive to tax, buy and insure, petrol is very expensive, roads are congested and young people prefer to walk or use public transport to get around. They prefer to spend their money on renting a fully furnished apartment in a good residential development.

“It is always a challenge for any foreigner to buy overseas and as a company we understand the concerns and lack of familiarity with local laws and customs so take care of all of this for our clients. We make sure we walk our clients through the buying process step by step and we are there afterwards 24/7. Universal21 understands the fundamentals of investment and client care and we see a sale as an opportunity to build a long term relationship based on trust and confidence in our ability to deliver.”

Do you have a favourite Universal21 project and if so why?

“Yes, Anfa Life. This project is developed for both family life and investment, it is competitively priced for the area and is within easy walking distance of local shops, shopping malls and public transport. The beach is close by, the existing airport and new airport are within 20 minutes of the development – it ticks all the boxes.”

What is it about Beylikdüzü that sets it apart from other districts within Istanbul?

“Beylikdüzü is the fastest growing district in Istanbul. High population growth has been predicted, it boasts superb educational standards with more than 20% of people having a degree, it has five universities, lots of shopping malls and the main Istanbul exhibition centre. Being located close to both airports is also very important to overseas clients, as of course is price, and it is still relatively cheap in comparison to central districts.”

At Universal21, you pride yourselves on the rental management and rental guarantee options available. What are the benefits of this service and how does this differ to other Istanbul-based property investment?

“If a client chooses to use a mortgage to finance their purchase then they need guaranteed income, they cannot afford void periods and we take away the insecurity of this, as well as all dealings with the tenants. We also provide to clients the service of a regular visit to clean and check the property if the purchase is used as a holiday home.

“As a company we pride ourselves on always offering the best located projects, other developers and agents often fail to provide any aftersales services or use third party agents who quite frankly are not up to the task. Our motto says it all: ‘What we provide after the sale is what makes us exceptional’.

For more information about Universal21, visit www.universal21.com or call 0203 287 8700.

Albania broadens its horizons with new flight routes amidst tourism boom

Albania broadens its horizons with new flight routes amidst tourism boom

by Kate Albania
  • Albania witnesses 167% increase in foreign visitors arriving for holidays and day trips in Q3 2014 (INSTAT)
  • Host of new flight routes, linking Tirana with range of new European destinations
  • Albania 40.77% cheaper than Italy in Consumer Price Index (Numbeo ‘Cost of Living Index 2015’)

An eye-popping 167% increase in the number of foreign visitors arriving in Albania for holidays and day trips in Q3 2014 is yet another positive indictor of the bright future ahead for this Balkan nation. An impressive increase on figures from one year previous, according to the country’s national statistics office, INSTAT, visitor numbers from outside of the country now stand at 1,042,844, having been just 390,454 during the same period in 2013.

Alongside this, INSTAT’s ‘Quarterly Statistical Bulletin’ revealed more detail about where these tourists were coming from, with Western Europe seeing a 24.7% increase in visitors, and interestingly, East Asia and Pacific combined with the South Asian region seeing a mammoth 42.34% growth in the numbers visiting Albania in Q3 2014, compared to the third quarter of 2013.

Peter Walshe, Marketing Director of Albania’s first high end resort, Lalzit Bay Resort and Spa, comments,

“As recent figures have shown, Albania is looking to be one of the stand-out destinations for travel this year and as the country begins to fully recognise the potential of its tourism market, this is sure to be just the beginning. In line with this, we are certainly seeing a growing number of enquiries from people interested in buying property in the beautiful coastal region of Lalzit Bay, for both their own use and having recognised its investment potential. Albania is proving a popular choice for buyers in a wide range of nations.”

Within this context, it is easy to see why summer 2015 will see the launch of a host of new flight routes, linking Albania’s capital, Tirana, with even more key cities in Europe and beyond. A code-share deal between Czech Airlines and Travel Service, for example, will see new flights start between Prague and Tirana, and there will also be charter flights launched from Košice airport in Slovakia into Albanian capital. Alongside this, Kuwait investors are in talks about the potential launch of the new ‘Albanian Airways’ plane which will marry-up Tirana with European countries that are home to Albanian diaspora.

With this expansion extending into autumn too, Italy’s Air Vallée is also set to start scheduled flights between the Italian destinations of Rimini, Salerno, Bari and Pescara, flying into Tirana, making the Balkan country even more accessible to its neighbouring nation.

Looking ahead, and in line with Walshe’s comments, the World Bank are working on preparing their next Country Strategy for Albania for the next five years, with a considerable part of the focus being on coordinating and maximising growth in the tourism sector. Yet, it is not simply ease of accessibility that is drawing a growing number of visitors to Albanian shores. The country is becoming renowned as an incredibly affordable destination to visit, which given current economic conditions making many people more budget aware, ensures it is becoming the top choice for a growing flank of holidaymakers and investors alike.

Numbeo’s Consumer Price Index, part of their ‘Cost of Living Index 2015’, showed that Albania is some 40.77% cheaper than Italy which, given that it is just 45 miles across the Adriatic and boasts similarly stunning beaches and wonderful climate, ensures it is clear why it is drawing attention.

For those looking to capitalise on this growing popularity, Lalzit Bay Resort and Spa is offering a range of beautifully-designed properties as part of a five-star, beachfront resort. Boasting luxurious facilities and standout views of the stunning golden sand beaches and breathtaking Dajti mountain range, Lalzit Bay Resort is just 30 minutes from Durrës and features a beach club, range of top restaurants and bars, tennis courts and boutique shops.

Properties are built at low density and to the highest of standards and range from 1 or 2 bedroom apartments to 3 or 4 bedroom villas with private pools, inspired by California’s elegant and modern beachfront properties. Properties are priced from €35,000 to €360,000.

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

Italian ‘black diamond’ discovery marks Le Marche out as foodie paradise!

Italian ‘black diamond’ discovery marks Le Marche out as foodie paradise!

by Kate Italy
  • First ever truffles discovered by Appassionata on Montefiore land
  • At the same time, first cultivated truffle discovered on UK soil paving way for growing industry
  • Le Marche is a ‘foodie paradise’ known for olives, wild game, seafood and wine

12th March 2015 will always be a date to remember for the Cavanagh-Hobbs family. Henceforth it will forever be known as ‘Truffle Day’ or more precisely ‘Giorno del Tartufo’, for it was the day they first discovered this rare ‘black diamond’ beneath their land in Montefiore dell ‘Aso, Italy.

Having moved to the breathtaking region of Le Marche, similarly beauty-blessed neighbour of Tuscany, from the UK eight years ago to found fractional ownership company Appassionata, Michael Hobbs and his wife Dawn Cavanagh-Hobbs wanted to truly immerse themselves in Italian life. Not content with simply renovating stunning rustic and urban properties, the family also purchased a ‘tartufaia’ or truffle plantation in 2010, a site of 7 acres that had had 1,240 trees inoculated with the Tuber Melanosporum fungus – or the Perigord Black Truffle.

Yet, as is the case with all truffle plantations, the Cavanagh-Hobbs family were in for a long wait. Notoriously difficult to farm and calling for a great deal of time and patience, truffles take between seven and twelve years to emerge, if they do at all, hence their status as a culinary delicacy, expensive to produce and purchase. Yet, having periodically searched the land with locally trained dogs over the years, it seems that this was the year the family would stumble upon their very own ‘black gold’.

Michael Hobbs, Founder of luxury property company Appassionata, explains more about their exciting discovery,

“The Appassionata Tartufaia is a magical place, generating an aura and energy that is hard to quantify, it makes you tingle. I have always felt that there was activity underground and the developing brules (burnt brown circles) that formed around the trees were an indication of mycorrhizal activity. We have been working hard while waiting for the truffles to appear and occasionally checked for truffles but it was during our last walk of this season that we found our first ever truffles.

“We didn’t have high expectations of finding them and were really just going through the motions but after 10 minutes of the dogs going from tree to tree, the young dog Balou got excited and started digging at the base of one of the trees near to the fence line. The handler pulled her back to inspect and carefully dug around the disturbed soil and hey presto we had found our very first truffle!”

Like all treasure-troves, the tartufaia, or truffle plantation, soon began to spill forth its jewels, as more and more truffles of varying shapes and sizes were literally unearthed from the dusty soil beneath. With the largest a behemoth weighing some 79g, the joy on the family’s faces could not be hidden as all their hard work was seen to pay off – at long last! With an eventual haul of 370g of black truffles in one small area, covering half a dozen trees, the prospects for the future of the site looks very bright indeed.

Yet March 2015 has not only been a landmark truffle time for this Le Marche family, their discovery also times perfectly with uncovering of the very first cultivated truffle on British soil. Just two days before the Montefiore discovery, Paul Thomas unearthed the start of a batch of the UK’s first ever commercially-produced truffles, in Leicestershire, paving the way for a new, growing industry that could prove highly lucrative. In turn, this could also prove true for the Cavanagh-Hobbs family who plan to develop their truffle sideline by selling both the raw article and investigating the creation of a range of authentic truffle-infused products, potentially utilising locally-produced olive oil and cheeses.

Michael Hobbs explains how he feels their recent discovery helps highlight the region’s gastronomic delights,

“Le Marche really is a foodie’s paradise. Freshly-produced oil from the finest olives ripened under seemingly endless sunny skies, wild game and smoky sausage, fresh seafood, not to mention the wonderful local wines that grace the region, are all part of the distinctive cucina tipica that puts Le Marche on the map and is drawing more and more attention worldwide. At Appassionata we are proud to be a part of this ongoing tradition, producing our very own olive oil, wine, lavender crop – and now truffles too!”

And as the Cavanagh-Hobbs family celebrated by eating the first truffle found, carefully slicing it over a frittata alongside some local salami and 30-month old parmigiana, rounding it off with their very own Marche Rosso, a 2013 Montepulciano, they looked forward to welcoming new owners of their latest project Casa Tre Archi to the gastronomic wonders of the region, including their newly treasured truffles!

Casa Tre Archi from Appassionata is a beautifully unique property of three bedrooms and three bathrooms, built into the ancient town walls of Le Marche’s Petritoli. Featuring a turret wall as part of the lounge, the townhouse also boasts a stunning roof terrace with standout views across the rolling hills of Le Marche and has been renovated to the very highest of standards.

A luxurious yet homely property, Casa Tre Archi enjoys sea views, beamed ceilings and traditional terracotta-tiled floors and is close to a range of local shops and restaurants and a short drive from beautiful sandy beaches. The property is offered as part of a fractional ownership scheme and shares of 1/10th of the property providing five weeks’ exclusive use annually, are available from £65,000.

For more information, contact Appassionata on +39 33154 13225 or visit www.appassionata.com

A new breed of student accommodation answers increasing international students’ demands

A new breed of student accommodation answers increasing international students’ demands

by Kate United Kingdom
  • Number of international students studying in UK increases 57% in 10 years (CBRE)
  • EU applicants increase 4.5%, non-EU increase 5.7% in 2014 (UCAS)
  • International students demand higher quality accommodation with additional facilities (Collegiate AC)

The UK is the second most popular destination worldwide for internationally mobile students, according to the UNESCO Institute for Statistics. Outpaced only by the US, which edged ahead with the lion’s share, and given its relative size, the European counterpart is steaming ahead – and increasingly so.

Over the course of the last 10 years, the number of international students arriving to study in the UK has grown by 57%, a huge increase formed by 68.7% additional students from the EU and a 32.4% increase in non-EU students, according to figures from CBRE. And with a 4.5% increase in applicants to UK courses from EU students in 2014, and a 5.7% increase in applicants from outside the EU, according to UCAS, it is clear to see that the appetite for securing a UK university education is unerring.

As a world-renowned destination for higher education studies, combined with the historical attractiveness of many of the United Kingdom’s university institutions who do not simply offer some of the best facilities and teaching in the world but also the prestige associated with a centuries-old tradition of further study, it is not surprising that more and more international students are settling in the UK. Yet, whilst the education system may serve to provide everything and more for an overseas student looking for a solid higher education, until recently the housing market sadly did not.

Known for its somewhat tired, often cramped property offerings, the UK student accommodation sector is seriously lacking and certainly does nothing to support students. Heriberto Cuanalo, CEO of Collegiate AC explains why this often presents a particular challenge for an international student,

“The evolution from home-life to a new life of living and studying abroad, is often difficult. Filled with the tribulations of making new friends, adjusting to life in a foreign country, finding out where all the best places to visit in the new city are, and making the very most of study time, the transition to an overseas university education can be overwhelming for many.

“This is where a student property can make or break a living experience and where a high-quality home can ease not just the transition to university life in the UK but also sustain a long-term enjoyable and successful university career.”

In relatively recent times the infamous run-down student ‘digs’ have begun to change for the better, with the bringing to market of a new breed of student property. Companies such as Collegiate AC, at the leading edge of student accommodation provision, provide an array of luxurious properties that offer a wide range of additional facilities to support not only study but also student living.

Facilities such as on-site gyms, private cinemas, laundry rooms and luxury lounges, mean that easing into a new social situation is trouble-free, meaning making friends is easier and settling into a new living arrangement is painless, especially important for international students who are often away from home for the first time. Alongside this, free Wi-Fi and ergonomically-designed study spaces mean that learning is wholly supported and students are able to make the very most of their time.

In addition to this, 24-hour security makes properties safe and offers a high level of reassurance to families at home, again a key reason why Collegiate AC properties are extremely popular with the international student market.

Offering a wide range of accommodation throughout some of the UK’s finest university cities, including Birmingham, Leeds, London, Southampton, Liverpool, Exeter and Edinburgh, Collegiate AC offers peace of mind, beautiful interiors and some of the best student properties the UK has to offer. The perfect accommodation solution for today’s internationally mobile student.

For more information, visit www.collegiate-ac.com or contact Collegiate on 01235 250 140. 

Investing in Istanbul where prime locations provide plentiful profits

Investing in Istanbul where prime locations provide plentiful profits

by Kate Turkey
  • Istanbul ranked 20th in PWC’s Emerging Trends in Real Estate Europe 2015 report – Prime locations hold best growth prospects
  • District of Beylikdüzü has seen 30-40% growth in rents for furnished apartments in past 2 years
  • 6% growth in number of property sales to foreigners in Istanbul in 2014 (TurkStat) – Universal21 offering excellent investment opportunities and range of property management services

Istanbul is a buy-to-let dream. Not only is the population growing at an unprecedented rate but the city is today ranked 20th in PWC’s Emerging Trends in Real Estate Europe 2015 report as a market to watch, with the very same document claiming “Istanbul has a lot of growth potential… Projects are coming alive in prime locations” – and this is certainly true.

The district of Beylikdüzü is one such prime location: upmarket, a shopping haven and a true cultural melting pot, home to increasing numbers of Istanbul’s middle-class population. Beylikdüzü is the symbol of Istanbul’s contemporary transformation: big scale on-going international projects combined with a good infrastructure. It is here that the population has doubled in the last five years and rents for furnished apartments have grown by around 30-40% over the past two, meaning that increasing numbers of savvy investors are looking to this growing location to purchase buy-to-let property.

Adil Yaman, Director of Universal21, the leading property agency in South-West Istanbul, explains more,

“Beylikdüzü is certainly a destination to watch. On the coast, with its own marina, five universities, the largest exhibition centre in the city, three private hospitals and as home to Istanbul’s very best shopping centres, whilst offering an array of choices for luxurious property options and modern resort-style living, it is clear to see why the district has become synonymous with the upper middle-classes, and in turn with amazing buy-to-let potential.”

This growing interest in Beylikdüzü is part of an impressive 55.6% growth in the number of property sales to foreigners in Istanbul in 2014, according to the Turkish Statistical Institute (TurkStat), resulting in a total of 18,959 properties having been purchased by buyers from outside of Turkey. Confidence in the Istanbul market is growing and these figures are on track to grow further still as 2015 unfolds.

In line with this growth, three Istanbul streets are now ranked in the top ten streets in the world for rent increases, as has been revealed in the ‘Main Streets Across the World 2014-2015’ report by Cushman & Wakefield meaning that the city is today well and truly a major player on the world stage of property investment, with buy-to-let investors from a diverse range of regions from Europe to the Middle East and all between, looking to the region to grow their bank balances.

And as more and more eyes turn to this Turkish hotspot, the blossoming figures can be said to have attributed to the healthy growth in Istanbul’s ‘investment prospects score’, according to the PWC Emerging Trends Europe 2015 report, from 3.07 in 2010 to a 2015 figure of 3.4. The local property market is in fine fettle and this is sure to be only the beginning for Turkey’s largest city.

In line with this, the leading property agency in South-West Istanbul, Universal21, have a range of property options in Beylikdüzü for Istanbul residents that make the perfect investment for those looking to purchase for buy-to-let. Not only are the properties of the highest standard, the company also offers a management service that ensures that any rental is simple and profitable. With its proved experience, Universal21 are offering not only a guaranteed rental income, but also an investment opportunity that is flourished with a wide range of professional services that are supported by a British company structure.

Universal21’s Anfa Life Residence, for example, is a masterpiece in construction, with finishes of the highest quality and located in the very heart of the district of Beylikdüzü. With 13 floors of residential apartments, and due to open next month, the development boasts a range of shops as well as an array of excellent facilities on the top floor, including a cinema, Hamam, spa, sauna, health and fitness club, cafeteria and a children’s play area.

Properties span one and two bedroom apartments, each luxuriously planned and taking full advantage of the space. All apartments are beautifully finished with high standard kitchens and granite-style worktops, with sunken spotlights throughout and with stunning bathrooms, ensuring that finishing standards for Anfa Life are one of the best seen in Istanbul, with special attention paid to all details, making them the perfect investment choice. Rental yields are up to 7%, with a 5-year rental guarantee, and prices for one bed apartments start at $102,000, with two bed apartments priced from $163,000.

For more information on this and other investment options in Istanbul, contact Universal21 on 0203 287 8700, or visit www.universal21.com

Marche of Success: Le Marche outpaces Tuscany as emerging holiday hotspot

Marche of Success: Le Marche outpaces Tuscany as emerging holiday hotspot

by Kate Italy
  • Le Marche registers greater tourism growth than Tuscany, with 6.3% year-on-year growth (I.Stat)
  • Le Marche properties 35% cheaper than Tuscany (Magic Marche)
  • Casa Tre Archi, stunning fractional Le Marche property from Appassionata, offers affordable luxury

The latest figures from I.Stat, the Italian National Tourist Board, reveal that the previously undiscovered region of Le Marche is now outshining Tuscany in tourism growth.

Tuscany, famed since the 90s as one of the world’s top tourist destinations, registered an increase of 4.6% in foreign arrivals from 2012 to 2013, whilst the far more unknown neighbouring region of Le Marche saw impressive growth of 6.3% year-on-year.

With 389,313 visitors now arriving on Marche soil, more and more people are beginning to recognise that this Italian location has all the benefits of close-by Tuscany, seemingly endless rolling hills, beautiful open spaces and ancient hilltop towns, yet without the hefty pricetag.

A brighter spotlight now being shone on Le Marche as increasing numbers of people learn of its charms: friendly locals on hand to help each other out or savour a delicious three course lunch, longer for formal occasions, with family and friends gathered close. Surrounded by stunning countryside, enveloped by the warm sunshine as joyous gazes fall on ancient architecture and well-worn stones that tell stories of the true Italy of old, reassuring and beautiful; enlightening and eye-opening.

The Marche region is the true microcosm of ‘la dolce vita’, with much to offer to locals and tourists alike and yet somewhat undiscovered, meaning its hidden charms remain protected, its treasures left unexposed and still to be revealed – an exciting prospect for visitors looking to discover the real ‘Italia’, as growing numbers of visitors are realising.

Dawn Cavanagh-Hobbs, Founder of property company Appassionata, based in Le Marche, explains that they have also noticed an increased interest in the region in recent years,

“When my family and I took the leap to move to Italy seven years ago, we settled on the Marche region for many reasons and the fact that it is very much undiscovered compared to somewhere like Tuscany was certainly a big draw. Over the last few years we have definitely noticed that more people are looking to this beautiful corner of Italy for an escape from the rat-race, with many interested in having the base of a managed holiday property to return to.

“What I loved about Le Marche back then is what I still love about Le Marche today: its beautiful, untouched countryside, the traditional feel of the ancient hilltop towns, the warm climate, and the fact that it seemed to welcome us with open arms, valuing, as we do, family and a sense of community above all else. Le Marche was then, and remains today, a magical place and one I know that anyone visiting will lose their heart to, it is impossible not to.”

And as Dawn references, although increasingly compared to popular Umbria and Tuscany, Marche has far more untapped potential. Property prices, for example, are dramatically more affordable than in other more well-known tourist regions, with Magic Marche claiming that properties are around 35% cheaper than in Tuscany.

Combine this with the low cost of living of Italy compared to many other top holiday destinations, such as France where groceries are almost 14% more expensive and the Consumer Price Index (a general cost of living indicator taking into consideration consumer goods prices such as restaurants, transportation and utilities) reveals France to be almost 6% more expensive (according to the Numbeo Cost of Living Index 2015 report), it is clear to see why Italy is gaining increasing interest overall and why, in turn, attractive and affordable regions like Le Marche are even more so.

In line with this affordability, the recent devaluation of the Euro against the Pound means that British visitors will get even more for their money when holidaying in Italy this year, with the European Tourism Association revealing that holidays across the Eurozone should be around 18% cheaper for UK travellers due to the 8-year Euro low, indicating that the country is likely to see a boost to their tourism coffers that in 2013 stood at an impressive $44 billion, according to the United Nations Tourism Organization (UNWTO).

With I.Stat showing that tourists from over 50 countries visited Le Marche in 2013, it is clear that it is a region to watch as 2015 continues to evolve, and with an increase in UK arrivals from 2011 to 2013 of 1.5%, it is certain that there is still much further to go for this still somewhat undiscovered region of hidden charms. Jane Smith from Magic Marche concurs,

“Le Marche is Italy all wrapped up in one place… Overall the market in Le Marche has really started to motor again. Every property sector is attracting attention, viewers and buyers – we have not seen such all-round interest since 2008.” It is an exciting time.

One such property that is gaining interest is Casa Tre Archi from Appassionata, a beautiful townhouse in Le Marche’s hilltop town of Petritoli. Built into the medieval town walls, which are beautifully made a feature of as part of the design of the property, Casa Tre Archi also boasts three bedrooms and an expansive roof terrace with stunning views of the surrounding countryside.

Traditional, yet luxurious, this restored property incorporates wonderful original features whilst providing a comfortable and beautiful setting in which to relax and live the Italian dream. Close to award-winning local restaurants and a short drive from beautiful sandy beaches, and with just five or six non-Italian families living in Petritoli full-time, including Appassionata owners Dawn Cavanagh-Hobbs and her husband Michael, this really is a slice of true Italy at its finest.

Casa Tre Archi is offered on a fractional basis, with a share of 1/10th of the property priced at £65,000, providing five weeks’ exclusive use annually.

For more information visit www.appassionata.com or contact the Appassionata team on +39 33154 13225. 

Top of the class! Collegiate capitalises on record university numbers with rapid student accommodation portfolio expansion

Top of the class! Collegiate capitalises on record university numbers with rapid student accommodation portfolio expansion

by Kate United Kingdom
  • Record numbers of university applicants in 2014, growth of 3.4% on 2013 (UCAS)
  • An estimated £2.4 billion invested in student accommodation market in 2014, according to figures as of November (CBRE)
  • Luxury student accommodation provider, Collegiate, expanding portfolio with hugely successful takeover acquisition

2014 was no doubt a standout year for the UK’s higher education sector. There were record numbers of university applicants, with UCAS recording figures of 512,400 being granted a place on a course, signifying a growth of 3.4% on 2013 figures and the first time that figures had ever broken the half a million mark.

Not seemingly put off by the increase in tuition fees (they can now be as much as £9,000 a year), more and more people are going to university and this, in turn, has meant a knock on effect on the accommodation sector within many university locations.

The student housing market has seen a huge expansion in recent times, with CBRE figures revealing that almost £2.4 billion was invested in the market last year (according to figures as of November 2014). And it is only predicted that this trend will continue. CBRE are forecasting a positive 2015 for the sector, with more and more people recognising the benefits of buying into the student housing market, stating that there is now,

“Widespread acceptance of student housing by all types of investor as a well-understood and mainstream asset class. The current investment flurry in student housing is set to continue into 2015… There has arguably never been a better time to bring student housing to the market.”

One company, doing just this is student property provider Collegiate, whose luxury accommodation offering is witnessing a period of great expansion as 2015 unfolds.

Collegiate already provides some of the very best student housing in university towns and cities up and down the UK, answering the problem of tired, run-down student properties with a quality solution. Properties are beautifully created and comfortable; modern living combines with ergonomically-designed work spaces to equal the very best quality of accommodation that this sector can offer.

Collegiate properties are also secure, incorporating features such as CCTV, 24-hour on-call support, and electronic entry systems, innovative, with fast broadband and contemporary work spaces to reflect students’ ambitions, and exciting, with amazing on-site facilities including private cinema rooms, gyms and reading rooms. With so much to offer, it is clear to see why Collegiate are rapidly expanding their portfolio in 2015, with more schemes becoming available through the company in more university locations around the country.

With 16 new residences this year, not just through creating their own properties in conjunction with trusted developers, Collegiate have also announced that they are bringing to market over half a dozen UK student schemes as part of a hugely successful takeover acquisition, proving not only that the sector is booming, but also that Collegiate have become the brand to trust at the luxury end of the market.

Schemes included in this exciting acquisition are Dean Clarke Lofts in Exeter, Algernon Firth in Leeds, McDonald Road taken over from Unite in Edinburgh, Liberty Fields taken over from Liberty Living in London, Claremont House in Glasgow, Allwyn Court in Cardiff, and others.

Heriberto Cuanalo, CEO of Collegiate explains what has led to this much-anticipated period of expansion for the company,

“There are great benefits of investing in a university education on all sides and Collegiate are at the forefront of this, with our expanding portfolio in 2015, proving this. As a leading provider of luxury student accommodation, we focus on high quality properties and, through ensuring that we employ the best professional management staff, are able to offer the very best living solutions to our students.

“Our residents want attention – they rightfully do not want to fall into the conveyor belt mentality surrounding some other student housing options – and expect us to focus on enhancing the student experience on both sides. This is precisely what we do and will continue to do in 2015 – it is going to be a great year!”

For more information about luxury student accommodation provider, Collegiate, visit www.collegiate-ac.com or call 01235 250 140. 

AB Property Marketing appointed to represent market leading student accommodation provider, Collegiate

AB Property Marketing appointed to represent market leading student accommodation provider, Collegiate

by Kate United Kingdom ,

With greater numbers of undergraduate and postgraduate students now attending universities across the UK than a decade ago (a growth of near on 5% from 2003/4 to 2013/4, according to the Higher Education Statistics Agency), naturally, in turn there has developed an increased need for student housing.

Notoriously of poor quality, cramped, tired-buildings were once the mainstay of this part of the housing sector, providing students with accommodation that did not always allow for the most pleasant of experiences, let alone a living environment that supported them to make the very most of their university careers. Yet in recent years, a new breed of student property has emerged, not only as a solution to these negative refrains but also paving the way for the future of student accommodation: comfortable, forward-thinking and innovative.

Collegiate is the trusted university housing brand that is making strides in this sector; the leading provider of superior student accommodation in some of Britain’s finest university towns, providing perfect solutions for students and excellent opportunities for investors. Reflecting the need for high quality student living, Collegiate accommodation encompasses beautifully-designed modern living and learning spaces, alongside additional facilities that can include on-site gyms, private cinemas and reading rooms to ensure making friends is easier.

Reflecting todays students’ ambitions and the lives they want to lead, not only do the residences provide everything required to support learning, including fast broadband and innovative work spaces, all properties also place the safety of their students as a priority, incorporating features such as CCTV, 24-hour on-call support, and electronic entry systems to provide peace of mind to students and parents alike. Bedrooms are bright and airy, modern in design and fully functional, and communal areas are comfortable and contemporary, making properties a real home from home, well-maintained and of superior quality.

Eri Cuanalo, CEO of Collegiate explains what makes them the standout student accommodation provider in the UK,

“Built and based on our many years of experience in discovering and understanding what students and those who care for them want and expect from quality student accommodation, each and every one of our properties is superbly designed and meticulously maintained to the very highest of standards. Not only this, but we add a little ‘wow’ to each property, ensuring that the transition to university life is easy and enjoyable. At Collegiate, we are proud to hold to our mantra of ‘student living, just better’ and we look forward to the greater expansion of our offering this year.”

In light of Collegiate’s ongoing expansion of their student properties, the company has appointed leading property PR agency, AB Property Marketing, to promote their superior accommodations to students and investors alike.

Charlotte Ashton, MD of AB Property Marketing comments,

“ABPM are delighted to be representing Collegiate at what is a very exciting time for the company as they continue to grow their property portfolio and introduce their luxury accommodation to an even greater number of university students. With their experience in the sector and reputation for the highest of standards, they have truly earned their place as the leading student accommodation provider in the UK. I only wish there was a Collegiate option when I was at university!”

As experts in UK student accommodation, Collegiate are available to provide comment on the industry, opinion on the changing market and an authority voice on the subject of student living.

For more information about Collegiate, visit www.collegiate-ac.com or call 01235 250 140. 

AB Property Marketing appointed by leading Istanbul agent Universal21

AB Property Marketing appointed by leading Istanbul agent Universal21

by Kate Turkey ,

36.8 million foreign visitors arriving in 2014. 5.7% growth in average tourism spend in the last five years. 16.3% increase in house sales in December 2014, compared to the previous year. There is no denying it, the Turkish property market is looking hot.

And as 2015 begins to shine the spotlight even more sharply on this growing market, there is one location that is standing out more than all the rest, and not just in Turkey, worldwide. Istanbul is fast gaining an enviable reputation as one of the world’s top tourist destinations, with Trip Advisor ranking it in prime position in its ‘Top 25 World Destinations’ as part of the 2014 Travellers’ Choice Awards, a deserving accolade for a location where ’Europe and Asia meet… where breathtaking ancient architecture coexists with modern restaurants and nightlife.”

A melting pot of history and culture, as well as being a thriving financial centre, the resounding success of Turkey’s largest city has led to a flourishing property market, ripe for investment and increasingly so. Dynamic property company, Universal21, in recognising this, has been successfully working in the South-West region of Istanbul for 7 years and has grown to become proud of its status as the market leader in this field.

With a proven track record of bringing to market a diverse range of major projects in the city, Universal21 is highly experienced and knowledgeable on, the Turkish property market and offers total turnkey rental management services to those buying in Istanbul for investment and those buying for lifestyle reasons alike.

With this wealth of experience behind them, Director of Universal21, Adil Yaman, is sure that 2015 is already on track to be an even more exciting year,

“Istanbul is a renowned transcontinental city that has grown to become the planet’s go-to destination. This has meant that great opportunities have emerged for people investing in the local property market and we are fortunate to be able to help people in this through our wide range of property projects, from studio, one or two bed apartments, through to large, exclusive detached villas.

“With growing tourist numbers and greater development in the property market already being recorded this year, it is clear that 2015 is going to build, further still, on this enviable reputation and we look forward to what it will bring for Universal21 and our clients.”

Further to this increasing success, both for Istanbul and Universal21, the company has announced the appointment of leading property PR agency, AB Property Marketing to further grow their presence in the market.

Charlotte Ashton, MD of AB Property Marketing comments,

“Istanbul is a truly exciting market right now, as it continues to expand into 2015 and beyond. With no restrictions on foreign ownership, more and more people are realising the many benefits of buying in the Turkish property market and we are thrilled to be able to help spread the word of Universal 21’s part in this success. ABPM are proud to be working with such an established and highly thought of company as Universal21 and look forward to playing our part in further developing their central place in the Istanbul market.”

As experienced major players in the Istanbul property market, from both an investment and lifestyle perspective, Universal21 are available for market opinion, project information/images and to provide comment on buying overseas.

For more information about Universal21, visit www.universal21.com or call 0203 287 8700.