Every overseas property professional wants to know where the real estate hotspots are around the world, so the Rightmove guide, Who’s Buying Property Where? for 2015/16 makes fascinating reading.
In addition, investor demand is rising significantly, with Rightmove seeing overseas inquiries rise by half over the last year.
The recently released September 2015 RICS/Ci Portuguese Housing Market Survey (PHMS) has revealed a swiftly moving market, with sale indicators pointing to the fastest level of monthly growth in sales volumes since they survey began in 2010. A sustained rise in demand has led to an acceleration in prices, with the market seriously gathering momentum.
A recent air pollution survey conducted by Airport Parking and Hotels warned that many popular holiday destinations may be harmful to visitors' health due to the quality of their air. Dubai's air quality ranking, based on data gathered during October 2015, was considered 'very unhealthy,' while Beijing was considered 'hazardous.' Indeed, according to a study by Berkeley Earth, every hour of exposure to air pollution in Beijing can reduce an individual's life expectancy by 20 minutes. Globally, air pollution kills more than 3 million people every year and the World Health Organization (WHO) has stated that just 12% of the world's population is living in cities with clean air.
Huge development plans are set to transform Vilamoura into one of the world’s leading tourist residential resorts and attract more international investment to Portugal’s Algarve, including Golden Visa applicants, say PortugalBuyingGuide.com.
“The €1 billion masterplan, overseen by Vilamoura World, was announced last month and includes 18 new projects, combining property, leisure and retail units, in total covering a staggering 400 hectares,” says Marina Pasquill, who runs PortugalBuyingGuide.com’s office at Vilamoura Marina.
Buying a property overseas is an exciting venture, but also one that requires careful financial consideration. To help ease the process, Chris White, Founding Director of boutique estate agency Ideal Homes Portugal, has compiled his top tax tips for buying property in Portugal.
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Winter holidays can be a tough call. Beach breaks are ideal for soaking up some much-needed sunshine, but what about opting for a city break instead, for a spot of overseas Christmas shopping? Thankfully, some of the world's most exciting cities come complete with their own beach, offering the perfect solution.
