Property News Articles

With Dubai’s currency being linked to the US Dollar investors are turning the sights on Dubai particularly the longer term off plan deals and speculating that adding a stronger dollar to the organic equity growth could lead to better than predicted returns.

I’ve always thought of Dubai as a great long term place to invest, long term because I suspect short term saleability might be a problem but there is no doubt that if Dubai does become the New York of the Middle East then who wouldn’t mind owning a few apartments in New York!

 Tunnel to lead to North African property boom?

Apart from a few pockets of interest, Africa has been largely overlooked by tourism and overseas property buyers. The North African coast, with its proximity to Europe has always been the exception and emerging markets in Egypt and Morocco, in particular, are proving to be strong. 

Some of us manage it only once a year. The luckier ones amongst us make it a weekly or daily occurrence. 

Visiting a spa for treatment, a massage, facial and relaxation therapy has become the norm in the 21st Century and not just for women. Gone are the days when she would say she’d had a facial and he, being a foolish male, would comment that there must be a mistake as she still seemed to have the old one. Now he’s having facials, exfoliation and body wraps. And we’re all doing it much more frequently.

I couldn’t help but wonder what would be the leading news story if in the current climate aliens did land in London; I could just hear Nikki Campbell on the Radio 5 live breakfast show saying “Today we ask what effect Aliens landing in London will have on your pensions, savings, house prices and employment?” It seems that there is nothing else going on in the world except depressing news stories that echo to the sound of Private Fraser in Dads Army… “Your doooomed, we are all dooooomed”.

New research by Cater Allen Private Bank, part of Santander suggests that over three million British Citizens are likely to buy a property overseas within the next two years as economic conditions in the UK make strong returns for other types of investment less likely

Its survey of UK clients found that some 2.3 million people already own a property abroad, with around 500,000, or less than 25%, having bought for investment purposes.

The Portuguese government has recently announced a series of infrastructure investments in the Oeste region.  Much had been on hold pending the decision about Lisbon's 'new' airport, but now that is going to Alcochete, south of the Tagus river, they are proceeding with the other projects around Obidos.