Property in France - How secure is French leaseback?

French leasebacks are touted to be safe long-term investments, with limited downsides – but is this really the case…

France property has traditionally been a hot favourite with second home buyers and buy-to-let investors, thanks to the country’s strong rental potential. Today, it remains a popular property investment destination, with some developers introducing the idea of a leaseback scheme to appeal to investors looking for a long term opportunity and reliable rental returns. In today’s shaky market, investors are keen to snap up a stable investment and leaseback could provide that for them – they buy the property and hand it over to the developer for a fixed term, who then rents it out on behalf of the client for an agreed return.

The downside is that, often leaseback schemes don’t offer any personal usage - so if a buyer was purchasing a holiday home rather than an investment property, the idea of leaseback may not suit them. There are some deals around that include a few weeks personal usage each year, or offer the property to the owner to use during un-let periods and they then pay a discounted rate to ‘rent’ their own property.

The leaseback schemes have really taken off in France as they have been encouraged and supported by the French Government and can also offer investors a VAT rebate as the cost of the VAT is often removed up front from the purchase price. Leasebacks may not be so good if investors are seeking to make a large profit quickly, or are looking to flip the property in a year or two. They are best suited to those who are seeking long term gains and don’t want the hassle of arranging letting, property management or maintenance themselves.

French leasebacks are the property equivalent of the good on paper guy – whilst they will not bring huge, spontaneous returns, they will offer a slow, safe and steady investment. Leasebacks have a fixed term so investors will be locked into a contract – but these terms differ vastly in length, so make sure you know exactly what you are getting for your money before signing on the dotted line.

If the leaseback is as long as 20 years, by the end of the leaseback term, the mortgage may have been mostly paid off, thus buyers will be left with a property that they own in full. They can now choose what to do with it – either continue to rent it out or move in themselves.

Living in New Zealand - Put some wellie into it

Long the poor relation to its bigger, brasher neighbour Auckland; Wellington has most definitely come of age and has transformed into a buzzing capital city, awash with trendy cafes and elegant restaurants, all set against a backdrop of breathtaking natural beauty.

Maori legend goes that the ‘head of Maui’s fish’ was caught and pulled to the surface by Polynesian navigator Maui and the fish then became New Zealand’s North Island.

Lying at the at the southwestern tip of the North Island between Cook Strait and the Rimutaka Range, New Zealand’s capital, Wellington, has emerged from years of virtual obscurity and poor reputation to become a much sought after destination in which to work, live and holiday.

Named in honour of Arthur Wellesley, the first Duke of Wellington and victor of the Battle of Waterloo, Wellington historically suffered from a lack of tourists who were lured instead to Australia and Fiji.

When it came to kiwis, they gravitated towards Auckland, bypassing Wellington completely.

Fast forward to 2008 and Wellington is having the last laugh, now well known as arts and culture hub and regularly hosting some of the biggest annual and biennial events in the country, such as the New Zealand International Arts Festival, NZI Sevens Rugby and the Cuba St Carnival.

The architecture has been compared to San Francisco and the surrounding hillsides to the wild beauty of Tasmania but Wellington’s stunning vista of lush valleys, rivers and white beaches hide a veritable powerhouse of achievement.

Not only is the city home to some world class educational institutions, it boasts the most highly educated people working in New Zealand and also houses the country’s Government, in a building named the Beehive.

Wellington’s CBD is fairly compact, so you can reach any part of it on foot. It is divided into four main districts, in which almost 382,000 people reside. This figure is expected to see steady growth over the next decade.

The city also boasts some famous locals too, including Peter Jackson, who directed Lord of the Rings and King Kong and the Flight of the Conchords comedy duo - Jermaine Clement and Bret McKenzie. (The latter are a bit like marmite - you either love or hate them).

The city’s nightlife is centred around Courtenay Place in the Courtenay Quarter. This is also a central hub for the public bus system, including the airport bus service.

The Cuba Quarter harbours a vast number of restaurants, cafés and bars. Walk up the pedestrian-only section of Cuba Street or the pedestrian-only stretch of Manners Street and soak in the atmosphere.

Lambton Quarter is centred around Lambton Quay and is a very popular street for retail therapy.

You can walk along the Waterfront District from Whitmore Street to Oriental Parade. Along the way, you’ll pass the Events Centre, Museum of Wellington City and Sea, Frank Kitts Park and Te Papa Tongarewa Museum, ending up at the marina.

The great divide

Wellingtonians are hugely proud of their city and a divide exists between them and Aucklanders, both certain of the superiority of their city.

Eighty eight per cent of Wellingtonians rate their quality of life as good or very good while 84 per cent say they are proud of how the city looks and feels.

Thus, Wellington locals were thrilled when their city was voted as having the 12th best quality of living in the world in 2007 by consulting company Mercer.

They were less thrilled when Auckland scooped 5th place in this years’ Mercer survey, whilst Wellington scraped in at unlucky 13.

Auckland and Wellington both received perfect scores for housing, with surveyors commenting on their attractive rental properties and prestigious residential districts. They tied at 10th in the world for personal safety.

Auckland Mayor John Banks said the results were “very flattering” but he would like to see Auckland at number one. “To be frank, there is much room for progress and even more room for improvement.”

The rivalry continues…

Emigrating to Australia Made Easy - Visa System goes Online

Applying for a visa to emigrate to another country is like living on a knife edge as that one piece of paper could determine where you spend the rest of your life - now, instead of sending off the application and hoping for the best, the new Australian online visa system makes it possible to check the status of your application and visa entitlements at any time.

Australia is an extremely popular destination for highly skilled young people wishing to start a new life in another country. Australia is actively encouraging the immigration of skilled migrants and those wishing to work in Australia will be assessed on a points based system with points awarded for work experience, qualifications and language proficiency. Don’t despair if you can’t fit into this category - other ways of obtaining immigration visas to Australia include the Australian Family Migration and Humanitarian Programs.

Net that visa

Once you have taken the plunge and decided to apply for that visa, check out the new Visa Entitlement Verification Online (VEVO) Service, which is available 24 hours a day, seven days a week. You can even lodge the original application online and track it as it goes along. This means no more waiting anxiously at home with no way of knowing the status of your all important application – you can just log on and find out what stage it is at. Visa holders no longer need a visa label attached to their passport to travel to or work in Australia.

A Department of Immigration and Citizenship (DIAC) Spokesman said, “VEVO enables visa holders to view their visa details online. “The system is also for employers, who can use it to ensure their workers have the entitlement to work in Australia. “VEVO represents a huge step forward. Visa labels attached to passports provide limited information about visa status and conditions that apply to the visa.
“Now, visa holders can find out all about their visa status and visa conditions at the click of a button,” the Spokesman added.

Since its recent launch, at least 50,000 people log on monthly to check out their visa details and far fewer people need to visit a DIAC office to get their visa evidenced. The new online system is also good news for employers, who can now check out the entitlements of the visa holders who are seeking to work or study whilst in Australia.

Already, more than 13,000 organisations are logging on to check for definite whether their employees are legally entitled to work. As there are large penalties for employing illegal workers, including fines of up to £31,200 per worker, this new system will make the process far more transparent for employers, saving them time and potentially, a lot of money and hassle.

Real Estate in Cyprus and Dubai - Fractional Ownership Provides Potential Boom in Recession

As property values plummet, fractional ownership offers developers and consumers a breath of fresh air. Consumers get real value, and developers are able to appeal to a wider audience, making the whole package affordable and profitable for all parties.

Cyprus and Dubai Real Estate are potentially set to boom again through Fractional Ownership In the wake of the global financial crisis, real estate has taken the brunt of the consumer chill.

Surveys indicate that many end users are simply waiting for the prices to fall further, while some indication is the fractional ownership space will actually enjoy a renaissance.

Many developers in areas such as Dubai and even Cyprus have been hit hard as projected values have plummeted and financing has dried up.

Fractional ownership may be one formula that offers a win -win to the developer and consumer.
First of all the consumer will acquire a luxury residence for the time of year they could actually use it, while sharing the capital outlay with up to 12 other families, who in turn, own a real slice of the equity in the asset.

Properties using this scheme that provide hotel style management will cater to the wishes of consumers who only want to see their investment grow over the years, while enjoying the usage of their vacation home annually.

Unlike timeshare, fractional ownership actually provides an easy exit clause, should the buyer wish to sell on at a later stage, with a long term view of having the property increase in value.

The property should be a location of desired annual vacations and areas such as Malaysia and Thailand also hold much promise. Phuket Island is the hub of this activity today.

The developer has the opportunity to open up a market never before available, and by dividing the cost of the asset to more members or property partners, makes it more saleable and much more attractive.

There are various legal schemes to apply these principles, and consumers should insist that an independent trustee is in place to protect the covenant of the agreement throughout the duration of the ownership.

Fractional Ownership could be the answer that provides both developers and consumers with the perfect formula for today’s appetite for value for money.

Looking for Property in Italy? - Property Online Offers Free Property Search Service

Are you looking for a property in Italy, but not quite found that dream home? Then Italian Property Online may have just the solution. For a limited period they are offering a free property search which normally costs £99.

Italian Property Online specializes in properties in the traditional holiday areas of Lake Como, the Italian Riviera in Liguria and Tuscany and has some beautiful properties on its website starting at €270,000 and going to €5,000,000 for entire palazzinas. It also offers a range of services including a property search facility.

“We are passionate about property and believe that we can offer innovative solutions. Through our range of contacts across Italy we can often propose properties that have not been marketed elsewhere” said Marketing Manager, Anna Collina.

“Put us to the test and see what we can offer” Anna continued.

To do this, you need to complete the Contact Us form on www.italianpropertyonline.com or email them at propertysearch@italianpropertyonline.com and they will provide you with a list and details of 10 properties that could be of potential interest.

If you wish they will then arrange viewings and liaise on your behalf with the relevant estate agent or vendor

Prime Real Estate - Costa de la Luz Gets Green Light for Substantial Commercial Facility

The townhouse development of ‘Hoyo 14’ set within one of Costa de la Luz’s most attractive golf courses – Nuevo Portil – has been elevated to prime real estate thanks to confirmation of a build license for a substantial commercial facility. With only 33 of the 185 properties remaining for sale and no further phases planned for at least four years, demand is set to outstrip supply – a fine investment principle.

Adjacent to the main Huelva coastal road and overlooking no less than 21km of fine sandy beaches, Nuevo Portil’s commercial centre will encompass 4,060m² of retailing excellence with an Eroski hypermarket as the anchor tenant. Creating over 50 jobs in the service industry, Nuevo Portil’s 28-store project will also have a café and children’s play area to serve as a hub for the local community. Arranged over two floors, the facility will have 280 parking spaces – many of them underground in order to preserve the area’s natural beauty – and sit in extensively landscaped grounds. As build licenses are all in place, construction has now started with a grand opening anticipated in time for summer season 2010.

Andrew Benitz, Director of locally-based real estate specialists Titan Properties, comments, “The Hoyo 14 townhouses have consistently been a best-seller and this latest announcement will heighten interest in the remaining three bedroom units. The developer has put a four-year brake on a subsequent phase so this is truly the last opportunity to benefit from a solid investment opportunity where values will undoubtedly hold strong.”

Set in an idyllic location interspersed with natural pine forests and within walking distance of untainted beaches, Nuevo Portil has an 18-hole golf course and a popular colonial style four-star spa, the Hotel AC Portil. The Hoyo 14 townhouses arranged over three floors benefit from a small private garden, two communal swimming pools, three tennis/paddle courts, underground parking and storage facilities.

In addition to the Hoyo 14 townhouses, ‘Hoyo 19’ apartments within 100 metres of the beach and golf-front villas are also available within Nuevo Portil priced from 185,000 euros and 500,000 euros respectively.

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Property in Turkey - The Residential Market Remains Buoyant in Istanbul

A new report from Jones Lang LaSalle has found that despite the global economic slowdown, the residential market in Istanbul remains buoyant, with plenty of opportunities on offer for investors and second home buyers, especially approaching 2010 when the city will be named European Capital of Culture.

The shortage of available land in the centre of Istanbul has pushed up market prices, and forced residential developers to expand towards the city’s periphery.

These emerging areas are being supported with planned transport links, while regeneration plans aim to move industrial production to the outskirts of the city to help the development of residential areas within the city centre.

Jones Lang LaSalle’s new report ‘Istanbul Real Estate Overview,’ showed that there was huge potential for long term growth.

Avi Alkas, Chairman of Jones Lang LaSalle Turkey, said, “The residential market in Istanbul has undergone rapid development over the last five years, and market drivers remain strong, creating further room for continued growth.

“The city offers huge potential with an expanding middle class and their strong investment intentions, ongoing migration into the capital, as well as the need to replace the existing earthquake-vulnerable stock.

“The global economic downturn may result in a slowdown of some luxury residential projects in the coming years, but demand from the middle classes is expected to remain strong,” added Mr Alkas.

Alan Robertson, Managing Director of Jones Lang LaSalle Turkey, said, “The global economic slowdown has caused a modest correction in residential prices but on the whole Istanbul’s residential sector is proving more resilient compared to other major cities around the world.

“The population is projected to reach 14.5 million by 2015, creating an estimated 1.18 million extra households and this potential growth means that major developers are continuing with large residential projects.

“The city’s combination of size, scale and location, strategic commercial position as well as strong retail market will also enhance the residential sector’s potential over the long term,” he added.

The Turkish Government, keen to encourage foreign investment, has already reformed aspects of the property buying process to make it more transparent and appealing to investors.

Currently, the lack of an efficient mortgage funding infrastructure has caused an imbalance in the residential market. However, the mortgage market in Turkey is still in its infancy and shows strong potential for growth.

Aspiring Expats: How Does Searching For a Job Abroad Differ from one at Home?

In today's tumultuous marketplace with people losing jobs left and right, many job seekers are either looking outside their own country for new opportunities for the first time, or are finally considering indulging their dream of becoming an expatriate.

Searching for employment overseas presents a set of challenges not met when faced with finding a new job in your home country. Give some careful consideration to the points set out below to prepare yourself to overcome the obstacles.

•Work documentation - Part of securing a job involves also securing a work visa or permit. Most of the time a job offer is required to get this, and usually this involves an organization having to complete paperwork and pay some sort of fee. So being sure your career marketing materials really help you to stand out on- and offline is essential.

•Having credentials that are jurisdictional - Your particular credentials may position you as an expert at home, but if they are not recognized in your target country you will have to get creative about how you communicate your value.

•Language skills - if you only speak your mother tongue, this can limit the number of job opportunities available to you in other countries where your mother tongue is not spoken. If you are an English speaker, as it is the language of business, you will have more opportunities than most monolingual people.

•Demand for skills - Although your skill set may be in great demand where you live, they may not be in your target country. And even if there is demand, if you are competing with country nationals with the same skill sets they will likely get the job over you.

•Cultural Differences - Culture can affect ever single part of the job search - how you access information, networking, job application process and materials, interviewing, salary negotiation and more. The person seeking a job abroad must do their research to make sure that they are clear on what those differences are and respect them at ever step in the process.

•Salary Differences - Salaries in your home country may be much more or much less for the same job in another country. U.S. salaries are some of the highest in the world, so if you are an American looking to move overseas, you might be surprised with the level of income you can expect. That said, the cost of living in some countries is less than in the US so it does not have to be so much of an issue.

•Finances - Moving abroad is not an inexpensive proposition, especially if you have a family. If you happen to secure a job overseas, your employer may or may not cover expenses for your relocation. If they do, be sure to educate yourself about what you are able to ask for and learn how to negotiate to maximize your compensation package. If they don't, you must do your homework and understand what you are committing to if you decide to pay for a relocation on your own.

•Your Network - Most of us over the course of going to school and having work experiences have some sort of a network to start off any job search with at home. If you are looking for a job overseas, you may have absolutely no contacts in your target country. Given the importance of your network to your job search, and the fact that like Rome networks are not built in a day, you may have to start from scratch on this front. This could require a significant time, energy and possibly financial investment.

•Family - If you are single, the job search overseas can be a challenge. But if you have a spouse that also wants to work, both of you must overcome these challenges together.

Now almost all of these obstacles can be overcome with the right strategies and approach, but these are real factors one must consider when considering conducting a job search overseas.

Emigration and Retirement in Italy

Since the days of the Grand Tour, and the establishment of towns along the Riviera, Tuscany has been one of the favoured destinations of the expat. However, we look at how not just investors, but retirees are looking at different parts of Italy.

The credit crunch has seen the emphasis of the overseas property market shift from investment to emigration and retirement. Once seen as the archetypal middle-class destination, Italy has stepped away from the clichés and stood up to its detractors to bring a fresh face to the overseas property market. Finally, buyers are being offered the opportunity to explore the far south of the country, and are able to live in the agricultural heartland that gives Italy its culture, spirit and colour.

Since the days of the Grand Tour, and the establishment of towns along the French Riviera as a haven for the British aristocracy, Tuscany has been one of the favoured destinations of the well-heeled expat. With tumbledown farmhouses and villas, warm weather and a plentiful supply of great local food and wine, this part of the northwest of Italy attracted all manner of British society, from artists and bohemians to the most respectable suburban families looking for an escape to another country for the summer. Prices rose, the supply of cheap renovation projects dried up, and suddenly 'Chiantishire' became a place where properties regularly change hands for upwards of €500,000.

So, as with many of the other established overseas property destinations, British buyers soon started to head into other parts of the country in order to find the ideal property, location and degree of isolation from towns, communications or other Brits. While Tuscany was developing a thriving expat community, many more people keen on moving to Italy were looking to get away from the British way of life, and began seeking out other opportunities away from the popular areas.

Staying in the northern half of the country, there has been significant development of the overseas property market in the regions of Le Marche, Abruzzo and even towards the Lazio area near to Rome.

But what of those buyers looking for a different kind of property in Italy? Where do you look to buy if you are not keen on renovating your own property? Italy is notoriously short of new-build properties on the kind of developments that attract foreign buyers. However, the most traditional part of the country, and the area that is often derided by other Italians as being backward, is leading the way in allowing developers to create coastal projects and build the kind of properties that attract people who are not necessarily Italophiles from the outset.

Calabria, along with the other southern provinces of Italy, has been leading the way in these new developments, aiming at a market sector that has previously been left to other countries in Europe to service. Rather than trying to sell the Italian culture or lifestyle, these new developments are aimed at those buyers who are looking for a property in a warmer climate, near the sea, and with good rental potential. Many of these buyers are not concerned by buying in any particular country, and are prepared to be flexible to get the best deal.

These new developments are not on the same scale as what can be found elsewhere in southern Europe, but are smaller, more intimate developments of a few villas or apartments set around communal leisure facilities. They are mostly low-rise in nature in order to protect the coast from excessive overbuilding, and being the first into the area, are mostly very close to the beaches. Some properties have been available for as little as €122,355 (£96,650) for a one bedroom apartment.

Elsewhere in the south of Italy, there are opportunities to buy the more traditional properties as well, with the Trulli of the Puglia region providing distinctive stone-built and conically-roofed accommodation for buyers looking for the hot sunshine of this part of Italy.

Finally, there are also some fantastic bargains to be found in the south of the country. One town in western Sicily is offering investors the chance to buy property for as little as €1. The town of Salemi has been increasingly deserted since an earthquake some forty years ago damaged many of the villas and houses, and local mayor Vittorio Sgarbi is convinced this is the best way to regenerate the crumbling town centre.

Buyers will be committing themselves to renovating the properties in the style of the original town, with the close supervision of the local authorities, and within a timescale of two years. While this sounds daunting, should you have the time, money and stomach for a serious renovation, you will never find a project for less.

Volunteer overseas; surf the seas of South Africa and hang with the gibbons in Thailand

In recent years the popularity of ‘travel with a difference’ has been on the rise. Gap year students, graduates and career breakers have been more attracted to the idea of combining adventurous travel with doing something a little more worthwhile. With the economy still on thin ice, taking a trip abroad and getting away from it all has become even more popular, especially with graduates and career breakers wanting a breather from job searching.


Getting away to exotic destinations and giving something back may sound tricky but it needn’t be an impossibility; i-to-i have just launched brand new projects in two of the most stunning travel destinations; South Africa and Thailand. Firm favourites on the gap year trail, these trips give travellers the chance to see a different side to these fascinating countries as well as leaving a positive reminder of their time there.


During the two week South Africa trip travellers can hit the waves with four days of surfing on the Western Cape, try out extreme sports with a difference with sandboarding down the Atlantis Dunes and help improve the lives of local children. The trip is a perfect mix of relaxing on the beach and making an impact on the local community. Travellers will also have the option to explore Cape Town with their free time and get involved with extra activities such as diving with sharks, hiking through the beautiful terrain of the Cape region and sky diving.


Travellers in search of a more wildlife focused experience may find what they are looking for in Thailand; working at a gibbon sanctuary for four weeks. Travellers will have the chance to get up close and personal with some of Asia’s most interesting primates and stay on the edge of a forest in one of Thailand’s most scenic provinces; Ranong. As well as getting a taste of the traditional lifestyle of the west coast, travellers will also have the opportunity to see a busier side to Thailand with inclusive trips to Bangkok for a more rounded experience.


These projects will appeal to the growing number of ‘volun-tourists’, hoping to see the world and get involved in community and conservation work. i-to-i choose to work only with projects set up by the local community ensuring that any volunteer work involved will directly benefit the country. By choosing to work amongst the local people travellers can gain a deeper insight into different cultures and see more the hidden sights usually hidden from the tourist path.

Living in Australia - Brisbane Beckons

Anyone seeking to live in Australia should consider Brisbane as it continues to be one of the most popular cities with both Australians and international migrants, boasting a strong work and play ethic, miles of stunning coastline and a climate to die for.

What is there not to like – Brisbane’s subtropical climate means that the city is suspended in permanent summer, boasting an average of 243 days of sunshine each year and winter temperatures rarely falling below 17 degrees centigrade. One of the many reasons people choose to live in Australia.

Sandwiched between the Gold Coast and the Sunshine Coast, Brisbane is well known for its proximity to Australia's most popular coastlines and the Great Barrier Reef. For many, the Queensland capital embodies the dream of living in Australia, offering a relaxed yet vibrant lifestyle. One of the fastest growing Australian cities, Brisbane is currently home to around two million people and this is on the rise as migrants flock to the city from all over Australia and from overseas.

Best described as a subtropical metropolis, Brisbane boasts art galleries, botanical gardens, a wealth of restaurants, bars and nightclubs and a world class arts and culture scene. Whilst Brisbane’s tropical climate may be a dream come true for some, others may find the humidity hard to bear.

Brisbane is a city that prides itself on being green – many woodland tracks wind around the city and are often frequented by running and biking enthusiasts. If you are after a slower pace of life, Brisbane has a strong ‘café culture,’ and the climate is well suited to enjoying a cup of coffee or Sunday brunch at one of the city’s many pavement cafes.

Brisbane residents also have a strong work ethic - the city is a busy commercial hub in which most of the major Australian companies and many large international ones have a presence. The city's reputation for employment opportunities – in addition to a high quality of life in the sun – seems to be attracting the attention of people throughout Australia and worldwide as well.

A recent survey found more Australians would prefer to work in Brisbane, if they had the choice, than anywhere else in Australia.

Don´t forget the classic attributes of living in Australia either - Brisbane is within easy reach of miles of stunning coastline – guaranteed to make surfers and water sports enthusiasts very happy indeed.

Uruguay may provide shelter from the economic storm

Uruguay is getting increased attention from investors for its positive economic growth and stability in the face of the global financial crisis.

In 2008 Uruguay’s Gross Domestic Product grew by an estimated 11.2%, which was the highest rate of economic growth in Latin America. The growth was fueled by an increase in the value of agricultural goods, expanded trade, and foreign investment.

Last month (February 2009) JP Morgan reported that Latin America had entered the global recession, with the exception of Uruguay, which is still experiencing positive economic growth. While decreased world trade is having an impact on Uruguay’s economy, the JP Morgan report states that Uruguay’s fiscal discipline and adaptability of policies is likely to minimize the negative impacts of the global economic crisis.
Uruguay’s economy is expected to grow at a rate of 2 to 3% in 2009.

Two areas of interest for the individual investor are Uruguayan debt bonds and select Uruguayan real estate markets.

This month (March 2009) JP Morgan is recommending Uruguayan debt bonds as a safe harbor in a stormy world economy. JP Morgan’s “Outlook and Strategy for Emerging Markets” rated Uruguay’s debt bonds as “Superior” for the fourth month in a row.

Real estate prices in Uruguay are holding steady, although the number of reported sales is down from last year. Besides an overall healthy economy, a contributing factor to Uruguay’s strong real estate market is the fact that the vast majority of residential properties are owned free-and-clear, so that very few homeowners ever need to sell due to mortgage pressures.

Apartments and single family homes in Punta del Este (which is South America’s premiere beach resort) produce impressive summer rental returns. The concept of short-term furnished rentals is also becoming increasingly popular in select communities of Montevideo, Uruguay’s capital city.

At this time (March 2009) investors seeking value increases more than cash flow are paying special attention to the Punta suburb of Montoya, the rustic beach community of Punta del Diablo, and developing areas near the town of Minas.

By David Hammond - author of Buying Real Estate in Uruguay - an ebook available to download now

For more information on Real Estate in Uruguay
Contact David@ParadiseUruguay.com

Outlook for property in New Zealand

Anyone looking to emigrate to New Zealand may find the state of the New Zealand housing market very advantageous at the moment. The price of property in New Zealand dropped around 6.1% during the year to October 2008 according to the Real Estate Institute of New Zealand. When adjusted for inflation this equates to house prices falling 10.6% bringing the price of the average house in New Zealand down to £134,000.


Following rises of 94% between 2001 to 2007 New Zealand property prices started to drop in early 2008 and falls of 16% to 24% from the 2007 highs are being predicted by the Reserve Bank of New Zealand by the end of 2010.


This fall in property values has affected sales levels for real estate in New Zealand and in November of 2008 property sales dropped 45.4% over the same period in 2007. Home ownership has also been falling in New Zealand, at its peak in 1991 73.8% of Kiwis owned their own home, that’s now dropped to 66.9%. One reason for this is the fact that whilst house prices in New Zealand have shot up, rental prices have only increased by an average of 6.7% per annum, making renting more attractive for families struggling to get on the property ladder.


So how is this going to affect people wanting to emigrate to New Zealand? Levels of immigration have always had an impact on housing price movements and construction in New Zealand, with the housing boom of the early 2000s strongly associated with the high number of immigrants during that time. In 2002 there were 38,000 migrants into New Zealand, that figure dropped to 5,500 in 2007 and the reduced levels are also impacting the New Zealand property market. What this means to the expat is that houses are getting cheaper. If you plan to buy property in New Zealand there are going to be some bargains coming onto the market as the housing market readjusts itself. Whether prices drop 16%, 24% or more, 2010 could be a good time to buy property in New Zealand

Real Estate in New Zealand

Working Overseas - Tonawanda firm recruits American nurses for Hospital in Hamilton, Bermuda

Worldwide Travel Staffing, Ltd. (WTS), a Tonawanda based healthcare recruitment firm, has been engaged by the King Edward VII Hospital in Bermuda to assist in their recruitment of American healthcare professionals.

WTS CEO, Leo Blatz, RN, MSN, and Todd Cleckley, Vice President of Business Development, recently met with hospital officials in Hamilton, Bermuda to finalize contract negotiations and toured the state of the art facility. Bermuda is experiencing a shortage of nurses, physicians, and allied healthcare professionals. This need prompted King Edward VII Hospital to look beyond their borders for healthcare staff. WTS specializes in the recruitment of nurses and other healthcare professionals for short and long term assignments (3 months to 3 years) throughout the United States and around the world.

WTS will have its first American nurse on Bermuda in April 2009, with others to follow in the coming months. WTS is the only US firm that is currently recruiting on behalf of King Edward VII Hospital and the Bermuda Hospital Board.

Worldwide Travel Staffing (WTS) was founded in 1993 to assist hospitals with their staffing needs by providing contract healthcare staff. WTS CEO, Leo Blatz, R.N., M.S.N. has lead the company’s expansion from being solely focused on domestic contracts to expanding their services internationally to include recruiting contracts in Bermuda, Guam, Ireland, U.K, and U.S. Virgin Islands among others. WTS has been listed by Inc. magazine as one of America’s fastest growing private companies for two years in 2007 and 2008.

Contact: Todd CleckleyV.P. of Business Development
Phone 716.821.9001 x – 102Mobile 716.480.6340Fax 877.375.2450
2829 Sheridan DriveTonawanda, NY 14150
http://www.worldwidetravelstaffing.com/

Is Studying In Australia A Way To Migrate?

Australia attracts a lot of international students and it is easy to see why but is it a way to migrate? Millions of dollars are spent in marketing and recruitment off shore and Australian University places are filled with intellects from all nations.

All Australian Universities accept overseas students and there are no quotas or restricted limits on how many or what percentage of international students’ universities can take.

Entrance Qualifications
Some people do say it is easier to gain access to an Aussie University as an international student than as an Australian. However, this is debated. Admission for international students is individually assessed.

Australian universities accept the international baccalaureate (IB) certificate but not an American high school diploma, for example. Fluency in the English language is tested if a certificate isn't provided. A student needs to prove their level of intellectual capacity and this is often judged by whether they could gain a place on a similar course in their own country.
You can get more detailed information from your University of choice or http://www.dest.gov.au/.

Other Requirements
International students need a student visa. This is granted once a place on a course has been guaranteed. Fees need to be paid up front, not in full but at least half of the first year’s. Students must also be able to pay for their day-to-day living costs and for private health insurance. On the student visa it is possible to work for up to 20 hours per week. Given that Australian degree courses are short, (3 years to study for a Bachelor degree), the cost for many foreign students is lower than their countries of origin.

Is there a catch? To keep the student visa, students do need to have good attendance and good results. When the course is finished, the visa expires and it is time to say goodbye. Whilst many students hope to be sponsored and stay on, there isn't a guarantee. However, there is a skills shortage in many professions and job sponsorship visas more readily available with short waiting times.

Switching visas within Australia is tricky if not, from what I've heard, impossible. A student would need to leave the country and re-enter but hey, a quick holiday to Bali or New Zealand is a small price to pay if you’ve landed your dream graduate job.

By Sarah Jacquet - Author of ‘ImmigrateTo Australia - Getting Started http://www.immigration-australia-blog.com/.

Email: contact@writeup.com.au. http://www.writeup.com.au/

For Australian immigration news, resources and short informative articles.

Property in Cape Verde - Vila Jardins do Oceano – Buy Now Pay Nothing until Completion

The award-winning development of Vila Jardins do Oceano, just 40 two and three bedroom villas in an idyllic beachfront location, has been quick to sell due to a clever combination of high quality and low pricing. With just a handful of homes remaining, the developer has acknowledged prevailing economic conditions and offered some enticing incentives for buyers.

With construction in full swing, the resort is scheduled to complete in August 2009 and become available for paying guests. The development is backed by the Exchange Bond therefore buyers will be able to secure one of the last remaining units with a small 3,000 euro deposit and then have nothing further to pay until the completion date – but of course locking themselves in at today’s below market value price. The developer is also offering 5,000 euro cash-back when owners furnish their homes from a choice of packages and a free Toshiba branded air-conditioning upgrade. But it doesn’t stop there.

Yields are expected to be high by virtue of the fact that Santiago is already served by direct flights to Europe, including Paris and Lisbon, and the nation’s first finished golf course, the Nick Faldo Estrela Santiago, is set for a 2010 opening thus attracting the lucrative golfing market. The Island’s hotels already run at a healthy 70% occupancy but with tourist arrivals soaring year-on-year, demands on short-term rental accommodation are high – great news for owners at Vila Jardins do Oceano. Lastly, mortgage arrangement and legal fees associated with the purchase will be paid for, regardless of your choice of lawyer.

Tucked around a sheltered private cove, which will receive a layer of white sand to cover the existing volcanic, Vila Jardin do Oceano’s two and three bedroom villas face south and thanks to their staggered arrangement on a gentle slope, each has unhindered sea views. On private plots of between 385 and 500m² with a fresh water swimming pool apiece, the villas (130m² for two bedrooms and 180m² for three) are tastefully decorated and equipped with all appliances whilst on-site amenities are comprehensive for what is essentially a boutique resort. Two tennis courts, a bar, restaurant and the showpiece, an iconic infinity swimming pool – Cape Verde’s first. The resort is a three minute stroll from Cidade Velha, planned UNESCO world heritage site and vintage colonial port.

Vila Jardins do Oceano observes the strictest planning controls with build density remaining below 20% and just a single storey – excepting sunny roof terraces. The resort’s construction adopts the ICF (Insulated Concrete Forms) technique developed in Hawaii which creates an energy-efficient home offering even temperature distribution, fire resistance, sound resistance and hugely reduced electricity bills. Extra thick walls have a cooling effect and air-conditioning use is literally slashed in half. Vila Jardins do Oceano also has an unlimited water supply via an ecologically sound dual desalinization plant.

Vila Jardins do Oceano is priced from 299,999 euros for a two bedroom villa within 60 metres of the beach. Pay just 3,000 euros now with nothing more until completion in August 2009 where an uncapped 3% rental guarantee kicks in for two years. Personal use is permitted for a generous 12 weeks per year. Up to 75% mortgages are available through a Portuguese bank subject to status.

To find out more about Vila Jardins do Oceano contact GEM Estates now on info@gem-estates.com, visit www.gem-estates.com or call UK Freephone 0800 036 0068, Irish Freephone 1800 211 462 or call the Spanish office on 00 34 952 799 286.

'Mix and Match' rental scheme by Phuket Ocean Villas

The developer of West Sands Outrigger Resort have introduced a flexible, 'mix and match' scheme for villa and condominium owners.

The new scheme allows owners to choose the amount of time they spend at their property and adjust their rental returns accordingly.

An owner wishing to use their property for thirty days per year would receive a return of 6%, whereas an owner using the property for only fourteen days would generate a return of 7%. The maximum return available is 7.5%, applicable if the owner never uses their property during the year.

Owners are only tied into the scheme for twelve months and can adjust their rental return each year according to their needs and lifestyle.

West Sands Outrigger Resort is located in Mai Khao on the north west coast of Phuket. the five star developement is sheduled for completion in late 2010 and will feature a wide range of facilities including Phuket's first water park, a number of high quality restaurants, spas and a National Geographic Dive Centre.

Villas and condominiums are available for purchase from 9,350,000 Baht (199,900 Euros).

For further information please contact info@phuketoceanvillas.com

Real Estate Investment in Hong Kong – Good Potential Identified

A leader among the world’s financial capitals, Hong Kong is also one of the most densely populated countries in the world. With space at a premium on this small administrative territory part of mainland China, property is, not surprisingly, one of its most sought-after commodities.

Popular with relocators, the Hong Kong property market is also a favourite with investors, particularly the luxury residential sector in the territory’s many high-end districts such as The Peak and Island South.

However, Hong Kong’s economy and by extension, its property market, have been very affected by the global economic recession. House prices generally have fallen around 25% since spring 2008 when they peaked and many property analysts expect a similar decrease this year.

According to CB Richard Ellis Hong Kong, prices for luxury properties on Hong Kong Island experienced a year-on-year decrease of 19.2% in Q4 2008.In the face of falling prices, many vendors have decided to let their homes rather than sell, although the rental market currently mirrors the property market with rental rates falling 20% since December.

However, as is the case in many countries at the moment, falling house prices mean there is potential for opportunistic property investment in Hong Kong. In response to the slowdown in the property market, many developers are choosing to postpone the completion of new complexes, which further limits the supply of available housing in the territory.

Reflecting the potential for bargains, Q4 saw increased buyer interest and according to CBRE Hong Kong, some developers reported a good response from buyers to the launch of new projects. However, the main sentiment dominating the overall Hong Kong market is currently one of expectation as potential investors wait for prices to fall further before they commit to a purchase.

“The current Hong Kong property market very much resembles the situation at the moment in the UK, Spain and parts of the US,” says James Gonzalez, Market Analyst at Obelisk Investment Property.

“Falling prices and low interest rates makes it a very attractive market for the investor, particularly those with ready funds. And the limited supply of property in Hong Kong also means there will always be demand, an essential consideration for property investment.”

Property Investment - Lithuania – A Capital Attraction

Whichever way you look at it, Lithuania is a success story. GDP growth between 2003 and 2007 averaged 8.4% a year and the 3.1% increase in 2008 was among the highest in the EU27. The housing market has also grown considerably and property investment in this Baltic State has provided promising returns. In addition, this year sees a first for a new EU member state – Lithuania’s capital, Vilnius, is this year’s European Capital of Culture.

Having emerged from Soviet occupation in 1990, Lithuania, the largest and most populated Baltic State, is now a fully-fledged member of NATO and the EU. Its status as an established member of Europe is confirmed by Vilnius as European Capital of Culture. The capital’s old quarter, a treasure trove of Baroque architecture, is widely acclaimed as the greenest and most elegant of the three Baltic capitals. Not for nothing is Vilnius a UNESCO World Heritage Site.

As European Capital of Culture, Vilnius offers an impressive calendar of events –experimental theatre, opera, multimedia events, classical music concerts, ballet and films – which promise to attract numerous tourists to this Baltic capital. Highlights in the year’s many events include the Opera Festival, ‘Let There be Night’ on Midsummer’s Eve and European Jazz.

In common with many other EU countries, Lithuania’s outlook for 2009 is not quite so bright. Eurostat forecasts 0% GDP growth for this year, although this is considerably better than many of the EU’s larger and more developed states, and only fractionally below the growth forecast for the EU27 as a whole (0.2%). The prediction keeps Lithuania in the enviable position of being outside the recession zone.

Property prices have also seen a dip – the Knight Frank Global House Price Index for Q4 2008 reported a year-on-year fall of 1% on the previous quarter (again, significantly below the drop seen in other countries). However, a downturn in the property market often signifies opportunities for investment.

“The fact that Vilnius will constantly be in the cultural spotlight this year will undoubtedly boost tourism and enhance the capital’s status as a popular weekend-break destination,” says James Gonzalez, Market Analyst at Obelisk Investment Property. “This year could well be the one when it’s worth looking into the Lithuanian market with opportunistic buying in mind.”

Real Estate - Probably the Best Investment in the World

It’s no accident that 85% of all wealthy Americans built their fortunes with real estate investments. But you know what? You shouldn’t take that first sentence at face value. Ask yourself the obvious question. Why is real estate a better investment than stocks, bonds, or mutual funds? Any discriminating investor who is tired of getting his/her portfolio led to the daily slaughter by Wall Street chicanery should have that question answered.

But let’s get back to the investing dilemma. Why is real estate different? The answer goes to the very nature of property investing. Real estate is a multi-dimensional asset while other conventional methods of investing are limited to one dimension. These differences are intrinsic. You can’t change them any more than you can change the size of your foot or the distance between your eyes. Yes, actually you could change those things with radical surgery but let’s try not to be quite so literal.

For example, your stock investments are one dimensional. You buy low and hope to sell high. Maybe it pays you a small dividend every once in a while, pay taxes on them, then sell it and get hit with the capital gains tax. Throw in the Enrons and Bailout Baby CEOs on Wall Street and you begin to realize why you are the proud owner of the incredible shrinking portfolio.
It doesn’t have to be like that.

Down through the years, real estate has proven itself time and again to be the premium asset if you want to create life-changing wealth. The multi-dimensional nature has a lot to do with that. With real estate it’s not all about buying low and selling high. It might surprise you to learn that any appreciation that happens during the time you’re holding the property is just icing on the cake. Other dimensions are much more powerful.

Here are the Three Major Dimensions of the Real Estate Asset. 1. Shortage of the asset: Last time we checked they are not making any more of planet Earth. What we have is all there is. No new cards are going to be added to the deck until we begin colonizing the moon or Mars. Every corner of our globe has been mapped and catalogued. Keep that thought in mind while you shift gears slightly to ponder the 2.5 billion new people joining the world economy over the next decade, courtesy of China and India. What do we have? Limited asset supply. Huge demand on the way. Contrast this to the conveyor belt of companies that arrive on the stock market scene with a splash, sell a few stocks, then fade into oblivion. Anything that can vanish overnight (Enron), taking people’s pension and savings with it should never be called an asset in the first place.

2. Your mortgage is a major asset: Many people have trouble wrapping their mind around this idea. The mortgage you hold can never be duplicated due to the ravaging effects of inflation. Every single owner of that property that comes after you will not be able to get as good of a deal because his future dollar will be worth less than you present day dollar. He will have to pay more for the right to take out a loan. Debt is historically cheap right now. Stock up while you can. In five or ten years you will wish you had.

3. Cash flow in the rental market: We just discussed how you have locked in the purchase price of your income property with your mortgage. Now you turn around and rent that property to a tenant, who will pay off your mortgage through monthly rents. What else happens over time? Rents go up but your price to buy in remains the same. The bank puts up the money to buy the asset. Your tenant pays off the asset. You own it in the end. Beautiful.

Real estate has many more dimensions, such as the fact it is the MOST favored tax investment, but these three should be enough for you to see the power it has over any other form of investing. Don’t just take our word for it. Let us show you exactly how it works.

Visit http://www.JasonHartman.com/ or call 714-820-4200 and ask to speak to one of our investment counselors. They will be glad to answer all your questions.

Tumbling Real Estate Prices Spark Rise in Auction Sales

Auction houses are reporting huge rises in the number of residential properties being put up for auction – a symptom of continuing house price falls and a rise in the number of homes being repossessed.

Whilst property auctions have never taken off in the UK in the way that they have in Australia and New Zealand, some savvy prospective buyers have snapped up many a bargain at an auction house.

Now, this trend looks set to explode and auction houses are expecting an influx of new properties onto their books as the number of repossessions rises and lenders try to sell the homes on.
Recently, the Council of Mortgage Lenders said that repossessions were expected to rise from about 45,000 last year to a whopping 75,000 this year, and auction houses are likely to reap the ‘benefits.’

Eigroup, the auction properties company, revealed a 22 % rise in the number of lots coming to auction over the past year.

As auctions delete the hefty administration costs usually involved with purchasing a property and often offer a cheaper asking price, they can be a good bet in the current economic climate.
Auctions can also provide a far more speedy property purchase time – as no real estate agents are involved and there are no onward chains that could collapse, new buyers can usually become owners far more quickly.

Repossessed properties – which are now turning up on the books of every auction house – will often offer a lot of house for your money.

Savers, who feel reluctant to keep their money in a bank due to the current instability and low returns, may well decide to plow it into a bargain property instead.

As finance will be needed straightaway if you purchase auction property, that may prove a stumbling block for first time buyers.

Allsop, the largest residential auctioneer in the UK, recently announced that it had sold 91 per cent of its catalogue last month, with attendance at auctions on the up.

Gary Murphy, Partner and Auctioneer at Allsop, said

“Prudent buyers with cash to invest are now facing real investment opportunities”. “For occupiers, and first time buyers in particular, there is a great variety of property for improvement available at auctions,” added Mr Murphy.

Mr Murphy also said that auctions ‘differ from estate agents by providing market-related value for money without a direct connection to the seller’s asking price.’

Property in Australia - Suburb of the future

A site a mere stones throw from Melbourne city centre could be in line for a new look of the most modern kind with plans afoot for a car free eco ‘suburb of the future’ in which residents grow all of their own food and power is generated by urban wind towers.

The poor old Australian state of Victoria needs a pick me up after weeks of bush fire devastation and its cosmopolitan capital, Melbourne, looks set to give it just that. An exciting new vision for the future has been unveiled by the Victorian Eco-Innovation Lab, a State Government funded thinktank and it could the first step to a whole new way of life.

The Lab has come up with ideas for a new environmentally friendly suburb, which will include no cars, an 80 per cent reduction in carbon emissions and the ability to grow its own food.

An exhibition of the proposals from 200 university students for the rather unoriginally named ‘Eco-City Melbourne,’ is already on show in Melbourne for the public to view. An ideal site for the new suburb has already been identified on land owned by VicTrack, the Government body that owns the state's rail assets, which lies just two kilometres from the centre of Melbourne.

The site, which is known as E-Gate, is the last major development area left close to the city centre, and, when the current lease expires in 2014, Major Projects Victoria will work with VicTrack to discuss new possibilities for the land.

The Lab’s Director Professor Chris Ryan said that a new sustainable suburb could be created at E-Gate, including a ban on cars. “The site is made for walking, cycling and we are going to provide free, small, electric vehicles that can be picked up by any resident on the site and roamed around on,” he said. The carbon this would save would equate to the removal of up to 5,000 cars from the proposed suburbs roads.

Mr Ryan added, “The site is only a 25-minute walk to Melbourne’s central business district,” he added. The medium-density suburb would have buildings of up to eight storeys and a centralised heating and cooling system. There would also be urban wind towers and solar panels to produce electricity.

The ‘burb would even be able to produce food, with mini urban-farms and a high tech ‘multi-storey farm,’ – a huge car park covered in glazing in which vegetables can grow under natural light.

This may sound far fetched, but it has already been trialled successfully in China and Japan. The Australian Government said that, whilst it had no firm plans for the site and the ideas were part of a range of views being canvassed; ecologically sustainable development was ‘no longer considered an optional extra but a necessity.’

So, watch this (green) space.

Celebrity Property Investors - Ronaldo Becomes Property Tycoon

Manchester United star and World football player of the year Cristiano Ronaldo has added another string to his bow - property investor.

Whilst Manchester United battles to keep hold of him after it emerged Real Madrid are set to make a £50 million bid for the Portugal international, Ronaldo is busy buying up property.

With a pay packet most of us could only dream of – he is United’s highest paid player, raking in £120,000 a week - Ronaldo has already snapped up four homes, including a villa and a flat in Lisbon.

He also owns a property in Madeira which his mum lives in and a £4 million mansion in Cheshire where he lives during football season and is planning to build another £6 million property in Portugal.

He has ambitions to follow in the footsteps of fellow football star, Robbie Fowler, who was at one stage the wealthiest sportsman in Britain, thanks to his passion for and success in investment property.

Ronaldo’s latest purchase is a £8 million luxury hotel on the Portuguese island of Porto Santo near his native Madeira – meaning that his property portfolio is expanding at such a rate that he has earned the nickname ‘Ronopoly’.

A Manchester United insider said, “If he carries on like this he'll have more properties than a Monopoly board.

“It’s all very well buying cars and gadgets but a property portfolio could yield huge returns in the future.

“A few years ago he was a teenager living in digs. Now he has the world at his feet.”

He is clearly taking his newfound passion for property investing seriously - he has already claimed the trademark ‘CR7’ for use on merchandise and his agent Jorge Mendes has registered the new motif with the National Institute of Industrial Property in Lisbon.

A hotel seems a sensible long term investment in the current market and, with tourism one of the world’s biggest industries and the added extra of having a celebrity owner, Ronaldo’s hotel looks set to be fully booked.

It also means he can get up to whatever multi-millionaire footballers get up to in their own time in the privacy of his own hotel…

Property In Egypt - 365 Days Of Sunshine Comes Free

Egypt was recently awarded the title of “World’s top reformer” by Doing Business 2008, an annual World Bank/IFC report and since July 2004, the government has been carrying out a radical and ambitious economic reform programme under the slogan “Egypt: Open for Business”.

Foreign direct investment in Egypt is at record levels, increasing from $3.9 billion in 2004/05 to $11.1 billion in 2006/07. Investment is increasingly diversified, with the petroleum sector now accounting for 28% of FDI compared with 66% in 2004.

One of the resulting outcomes of this increased investment in Egypt is the rising levels of Gross Domestic Product (GDP) which grew by 4.5% in 2004/05 rising to 7.1% in 2007, driven by increased private consumption, exports and investment. This raises the wealth levels of the population, particularly those in the major cities such as Hurghada where a good proportion of investment is occurring.

Already some of the largest Dubai based developers have turned their attentions to Hurghada, with DAMAC building a 32 million square feet resort with investment in the project expected to reach 16 Billion US$

Hurghada itself was a small fishing village until a few years ago. It has now risen to one of the most popular resorts in the Red Sea Coast famous for its crystal clear waters, first class resorts hotels and restaurants, and long sandy beaches. Boasting a new promenade and new marina that opened in June 2008, Hurghada has attracted such brands as Hilton, and Marriot and the Ministry of Sound beach bar chain.

A Mecca for divers from around the world Hurghada has many aqua centres offering sailing, snorkelling and windsurfing as well as diving. As a 365 day a year resort boasting sunshine whatever the season, it is easy to see why Hurghada has grown in popularity so quickly over the last few years.

Other reasons to consider buying investment property in Egypt.

- Egypt has steady year on year Capital Growth of 20-30%
- Egypt's Rental Yields are around 8%
- No Capital Gains Tax
- British Residents avoid inheritance tax on any Egyptian Property
- Easy air access from many European destinations just 15 mins from project
- Steady Annual growth in Tourist figures
- Egypt has strong economic growth and increased infrastructure investment
- 40% of land dedicated to open spaces and swimming pools
- A quality developer with solid track record

More information on investment property in Eygpt

Visa for Australia - Restrictions Lifted

Forget the big stars of the show - Melbourne and Sydney - if you are thinking of making that move to start a new life down under, now could be a good time to consider South Australia as the Government has just reintroduced their capital investment bond.

If you lodged your visa application before September 1st 2007, you will be very interested to learn that the South Australian Government has finally reinstated the capital investment pathway to Australian skilled migration. After 13 months of waiting, those skilled migrants wishing to move to Australia using the capital investment scheme can now finally proceed with their Australian visa application.

On the 1st September 2007, as part of changes to the Australian General Skilled Migration programme, the ability for individuals seeking a skilled visa under the old skilled program to be granted five bonus points for making a capital investment with a State or Territory Government Treasury Corporation was withdrawn.

The removal of the capital investment scheme meant that applications for skilled migration lodged after September 1st, 2007 could no longer use the capital investment scheme - which asks that a minimum of £44,000 is invested for at least one year in a nominated Australian bond - to gain bonus points towards their application. Thus, applicants have been in limbo ever since, with thousands of hopeful migrants left without a path to their new life.

But now, those hopefuls are celebrating with news that the South Australian Government Financing Authority(SAFA) has officially reinstated the scheme, but only for those who applied under that category before 1st September 2007.

As it has been over a year since applications for migration under this category have been allowed, eligible applicants are being warned not to use the old information paper and application form as SAFA has changed its Registry provider to Link Market Services.

They are also being advised to consult an emigration expert to see if they are still eligible for a skilled visa.

Unsurprisingly, the lifting of these restrictions has led to a flood of new enquiries from wannabe migrants (many from the UK desperate to escape the weather and certain that struggling through the credit crunch would be easier in the sun) so visa processing times could be drastically lengthened.

Property Overseas - Guide to the Spanish and Costa de la Luz Property Markets

Spain has taken the number one spot at the most visited global destination with 96 million people passing through its airports in 2006, exceeding the number of visitors to France and the USA. This is an increase of 22% in only 5 years with low-cost flights being a significant factor in assisting the boom.

Spain is likely to remain one of the worlds most popular tourist destinations and so property in Spain is still an excellent long-term investment. With prices correcting and stabilising, there has never been a better time to buy.

The economic foundations and financial services industry in Spain are standing firm in the light of global uncertainty. Mortgages in Spain are widely available and properties still change hands regularly.


The Costa de la Luz

The Costa de la Luz is one of the most beautiful, traditional and undeveloped parts of Andalucia. Very popular with national tourists it also attracts discerning Europeans looking for the real Spain.

The local white washed towns are beautiful, welcoming and most importantly have working populations so they are not seasonal and you can enjoy the fantastic atmosphere, food and services all year round.

Property

Property prices in Huelva are well below the national average and famously good value when compared to the neighbouring Portuguese Algarve and Costa Del Sol.

Local authorities have been very careful not to allow much development and urban areas occupy less than 13% of the coastline.

Travel & tourism

Huelva is the fastest growing tourist destination in Spain and is also the fastest growing golf destination in Andalucia. As such plans were approved in 2008 to extend the local airport for international flights. Not that it needs this - the Costa de la Luz and Huelva already have excellent connections to Europe through Faro and Seville international airports which are respectively 40 minutes and 1 hour away by motorway.

Since 2003, flights into Seville have increased by 99%, with 4.5 million people arriving in 2007. In 2006, 5.1 million tourists flew into Faro, an increase of 6% from 2003.

All 26 UK international airports have regular flights into Faro and Seville and 8 new routes were launched in 2007.

Excellent weather

With average temperatures of 18.1 degrees, Huelva has one of the best weather systems in Spain and gets more than 300 days of sunshine per year. This makes it perfect for outdoor activity and even though it is on the Atlantic coast, sea temperatures rarely go below 17 degrees because the natural sea shelf is so shallow.

The Costa de la Luz presents an excellent opportunity to buy property in Spain in a traditional and unspoiled area with well established flight routes from northern Europe. Prices are lower than the rest of Spain and in the current economic climate there are some fantastic prices being negotiated for lifestyle and long-term investment properties.

More information on Property in Spain

Learn to Speak Spanish - Lessons now offered by Site Translations

Being able to communicate in Spanish is fast becoming a real need for many professionals. Site Translations Inc. a leading translation services agency, is aware of this and as such, is launching a new Learn Spanish Program geared towards individuals or group situations.

Site Translations’ Learn Spanish Program offers Spanish lessons for business purposes or simply to learn a second language. The Spanish language classes are tailored based on industry-specific content or individual interests. As such, the company caters to those who would like to learn Spanish for the purpose of operating in medical practices, retail, real estate, travel & entertainment or just to learn the language per se.

Corporate Spanish lessons focus on effective communication at work, not academic proficiency. Site Translations’ courses use industry-specific terms and phrases in a simple, easy-to-understand format. There is no prior Spanish experience necessary. The main emphasis is placed on learning Spanish terms and phrases that are related to a company’s activities.

The new Learn Spanish Program is fun, energetic and geared towards many industries, occupations and trades to improve communication, teamwork and efficiency. Individual or group lessons will be held at our local Schaumburg location or at a corporation’s place of business.

About Site Translations: Headquartered in Schaumburg, Chicagoland area, Site Translations specializes in delivering high-quality translation and interpreting services in a timely and cost-effective manner. The company’s success continues to be built on a reputation for excellence, reliability and high customer service standards. Services provided include business and human resources translations, certified translations, legal and financial translations, medical translations, technical translations, as well as interpreting on site or over the phone. Site Translations also offers foreign language classes.

Learn to speak Spanish

Real Estate in Saudi Arabia - new rules in force

No longer can off-plan properties be marketed in Saudi Arabia – new rules introduced in the country which ban the promotion and sale of any developments that are at the planning stage aim to cut down speculation in the property sector and build investor’s confidence.


Developers of residential, office, industrial and commercial property are now banned from placing any adverts or promotional material in any publication if their project is still in the planning stage.


Property exhibitions, both local and international, are also banned as is any other form of multi-media publicity. The developers are not allowed to sell any of the properties off-plan either.


Saudi Arabia is desperate to avoid the boom and bust situation which often occurs as a result of over active speculation in a property market. Dubai is the prime example of this - speculation in the emirate has seen prices fall by as much as half in some areas over recent months.


Dubai had barred off-plan speculations on properties a while back in an attempt to eliminate the boom and bust scenario.


The Saudi authorities are also concerned that international investors have been put off buying property in the country as they thought they may be exploited, so these new rules were introduced as part of a series of measures to protect buyers.


There is also a new committee in place which will be responsible for examining applications for real estate development.


The new property measures will be presided over by the committee, which will include representatives from the ministers of Commerce and Industry, Municipal and Rural Affairs, the Saudi Arabian Monetary Agency and the General Commission for Housing.


The property committee will now have the final say on whether an individual property can be marketed and developers will have to apply to the committee before being able to go ahead with any project.

Property in Brazil - A Case Study

Living on the island of Jersey with its diminutive population of just 90,000, you can imagine that Paul (52) and Gail (43) Hesten don’t feel at home amongst skyscrapers and streets filled with neon. For this reason the dainty coastal resort of Pipa in northeast Brazil ignited their interest as a location for a holiday home. They just hope that the masses don’t follow…

Paul, a Social Worker, offers his thoughts, “Brazil appealed to us as it was something different, boasted an idyllic climate and beaches and also seemed to be well-placed to survive the global recession. The gateway city of Natal however was just too big for our taste and very much geared up to package tourism with its high rise hotels so, on the advice of agents www.uv10.com, we headed 80km south to Pipa Beach and found the perfect setting. We’re banking on the fact that most Brits arriving in Natal won’t be bothered with a taxi ride through ramshackle villages to discover Pipa. This Brazilian paradise is worth preserving.”

Fortunately for the Hestens, Pipa is a strict conservation area and an incredibly popular one at that. Building controls permit a maximum of 25% density and two storeys and huge tracts of Atlantic forest and native dolphin and marine turtle populations fall under full environmental protection. Against this backdrop demand for property will always outstrip supply which is why they’ve made a wise move buying into the condominium pousada of Morada dos Ventos, paying almost 54,000 GBP for an off-plan two bedroom apartment back in 2007.

Paul continues, “Morada dos Ventos fitted our profile of a perfect holiday home. A small community of only 16 units set in a quiet residential spot in town with the potential to deliver some quite generous rental income. The Scottish proprietor, Archie Galbraith, alongside his Brazilian wife Tania, has created something quite unique with attractive hexagonal façades and an extreme attention to detail with quality finishing. I have the utmost admiration for the pair of them. Our two bedroom apartment is positively palatial for a holiday home, 102m², and we’re thrilled to have just spent our first summer break there – Brazilian summertime of course.”

Northeast Brazil, within touching distance of the Equator, doesn’t really have the right to delineate between seasons as it’s wall-to-wall sunshine and temperatures hovering around 28ºC all year. Pipa town itself can get quite warm but a welcome Atlantic breeze flows around Morada dos Ventos and for a change from the huge pool there’s a choice of world-class beaches within a short stroll. Praia do Amor – Love Beach – is a favourite with the surfers whilst Baia dos Golfinhos – Dolphin Bay – has child-friendly waters and allows for swimming with its playful namesakes in their natural habitat. Just make sure you save some energy for the evening to gorge on affordable surf and turf and revel in the sophisticated atmosphere of Pipa’s bars and clubs til the wee small ones.

Paul concludes, “As for the future we aim to get out to Morada dos Ventos at least once a year and will allow our nearest and dearest to utilise the rest of the three months personal usage. Then we’ll let Archie and his team welcome paying guests hopefully giving us a return of eight to nine percent per annum. With the FIFA World Cup coming in 2014, and both Natal and nearby Recife on the shortlist as host venues, we’ll certainly hang on to our investment for a good few years and I’m sure it’ll pay us back with attractive dividends.”

Set in Pipa, Natal’s ‘global village’, Morada dos Ventos comprises 16 elegant and spacious apartments surrounded by lush tropical gardens with freeform swimming pools. Selected ground floor units are wheelchair friendly whilst all access paths are ramped and there is a welcome absence of steps in public or social areas. Although there is 24-hour security for peace of mind, the pousada occupies a quiet and safe residential zone within ten minutes’ walk of Pipa’s legendary beaches, restaurants and nightlife. The pousada’s owners will happily arrange all activities from horse riding to kayaking, hang gliding to beach buggy trips and also facilitate the hire of cars or motorbikes. Natal’s International Airport is just 80km to the north of Pipa.

Morada dos Ventos operates as a pousada condominium and in return for 50% of the rental income absolutely everything is taken care of on behalf of the owner from maintenance and furnishing to payment of all utility bills and community fees, 24-hour reception and a daily maid service and change of towels and bed linen.

Prices at Morada dos Ventos start from 199,800 BRL (approx 59,907 GBP) for a one bedroom penthouse of 93m² constructed area and from 255,960 BRL (approx 76,788 GBP) for a two bedroom garden apartment of 102m². All properties are delivered fitted and furnished together with the option of an interest-free 12 month payment plan. Prices are due to increase in March this year to the tune of 5%.

More information on Property in Brazil

Working Overseas - UAE job market to benefit from rapid regional & global growth of services sector

A leading online recruitment portal in the Middle East, recently launched the second edition of its “Job Arena” job fair to once again introduce thousands of job seekers to high-profile employers and help them take advantage of the rapid regional and international growth of the services sector.

Applicants of various nationalities, experiences and work backgrounds attended the event, which highlighted how domestic job demand remains strong despite a population growth of around 7 per cent over the past 10 years.

Vacancies were introduced across all fields, with employers from the health and pharmaceutical, engineering, telecommunications, education, financial, media, sales and marketing, and customer services and administration sectors expressing particularly strong interest for competent and highly-motivated candidates.

“Last year, the employers we invited to the event were pleasantly surprised by the number and quality of candidates that turned up during the inaugural fair. A lot of companies in fact hired applicants on the spot and pledged to further support our nation-wide activities. Despite the impact of the ongoing economic downturn, the UAE’s job market largely remains attractive because of the diversity of its industries and the resilience of its economy, which is why Job Arena is emerging as a much-awaited platform to introduce the latest and best employment opportunities,” said Bharti Jatti, General Manager, Careertunity.com

The significant number of openings in service-related positions in particular reflects the rapid growth of the services sector, which has been predicted to generate around 500 million jobs between 2004 and 2015, the majority of which will be concentrated in Europe, the Americas and the Middle East. Prominent companies such as Al Ansari Group, Dulsco HR Solutions and ABS CBN, which are represented in Careertunity.com’s portal, were on hand to entertain applications and inquiries.

Last year, the first Job Arena attracted 3,000 jobseekers ranging from fresh graduates to applicants with as much as 20 years of work experience. The inaugural fair hosted 10 major companies, namely ABS CBN Middle East, Al Taif Technical Services, Bond Communications, Bhatia Brothers, DORMA Gulf Door Controls FZE, Dulsco HR Solutions, Haward Technologies Middle East, Jotun, Mashreq, and Times Square Center.

Careertunity.com plans to organise the fair on a regular basis across Dubai and Abu Dhabi.

More information on Jobs in Dubai

February Investment Property Watch

Having nabbed the top spot in January’s investment property watch, Egypt was nowhere to be seen on the top ten list for February. Instead, the USA grabbed first place on TheMoveChannel.com’s list, which charts the level of interest in certain properties and countries from visitors to the site...

USA: on top of the world

Much has been written about the demise of the American property market and its saviour in the form of new President Barack Obama.

Although the country has been suffering through one of its biggest slumps in living memory, with foreclosed homes popping up left, right and centre, foreign cash buyers are still eager to cash in on the cheaper prices and snap up a bargain.

The property which generated the most interest on the site this month is located in the industrial city of Detroit in Michigan, which has been at the forefront of the economic turmoil facing America.

A city massively dependent on the car manufacturing industry, Detroit was flooded with cheap credit and people on very low wages were offered enormous loans to buy their own homes, which they had little chance of ever being able to repay.

When the credit crunch hit, these new home owners quickly fell into negative equity and their homes were foreclosed – and the city is now covered with a rash of boarded up properties.
However, the dire state of the Detroit property market does mean that there are bargains to be had for international cash buyers, who can currently pick up a lot of house for their money. Homes that have been repossessed by the banks can be snapped up at very low prices.

Runner up: United Arab Emirates

One of the most celebrated reasons to invest in the UAE is the lack of income or capital gains tax and the lack of tax on rental property.

However, the emirates also offer many other strong reasons to invest, including one of the world’s fastest growing tourism industries, a strong infrastructure, ever growing population and excellent climate.

The best known emirate is undoubtedly Dubai, but others are now getting in on the act, and, whilst each have their own economic attributes, they all have similar tax-free investment advantages to Dubai.

Emirates such as Ajman, Abu Dhabi, Sharjah and Fujairah are starting to become extremely popular with overseas investors, as prices remain lower than in Dubai.

Crown jewels: investing in the Bahamas

Most people assume that owning a property in the Bahamas will cost the earth, but there are options out there that are affordable to the average Joe homebuyer.

Famous for its stunning white beaches and tropical climate, the Bahamas are seen by many as one of the ultimate luxury holiday destinations. The islands are hugely popular with honeymooners and much of the accommodation on the island is high end luxury, designed for people with deep pockets.

However, there are opportunities to snap up a home here without breaking the bank. As the Bahamas is such a tourist hotspot, any property you do purchase should offer a strong rental return.

It has also never been easier for non-Bahamians to own Bahamian property. The 1993 International Persons Landholding Act allows foreigners the right to purchase a home or vacant land and foreign nationals are actively encouraged to acquire residential properties there.

There are even special incentives to build on family islands such as Long island.

Dan Johnson, Director of TheMoveChannel.com, said, “Investing in the Bahamas represents a great opportunity as it is the world’s leading offshore financial centre, with over 400 financial institutions.

“The Bahamas also benefits from its own stock exchange and a tax-free economy, not to mention an ever growing tourism industry,” he added.

Other movers and shakers

Brazil grabbed the bronze medal whilst Germany showed its face at number four on the Investment Property Watch chart, followed by another appearance by the USA.

Old favourite Italy nabbed seventh place, swiftly followed by Turkey and Spain in eighth and ninth places respectively.

Finishing off the list was another appearance by Italy, proving that whilst the traditional favourites may fall lower on the list, they will likely never fall truly out of favour.

Real Estate in Costa Rica - How to make money in a world crisis

Over the past month we have seen a massive influx of listings in our Costa Rica MLS database. These listings vary from FORCED SALE, FORECLOSURE to SHORT SALE and CASH SALE NEEDED. Listings like these are a clear indicator that now is a prime time for cash investors to swoop in and purchase land at incredibly low prices. Many financial advisers are calling the Costa Rica real estate market a BUY NOW option.

Maybe you are thinking this is coming off as a little like a desperate sales pitch. So where is the proof you ask? Well, below are three listings that we have in our database that are evidence enough that now is the time to invest in tropical Costa Rica.

The first property is this 7.2 acre parcel with waterfall and two large building sites. This private, guarded community on the hills of the Southern Pacific Coast offer some of the most amazing panoramic ocean views the Talamanca Mountain range has to offer.

http://www.buyingcr.com/index.php?option=com_cmsrealty&I

The second listing is this 3.2 acre section of the same estate as the first listing. This private gated community sits in the cool mountains above Cortes in Costa Rica's South Pacific. The sunset ocean views from the property are incredible. Only 40 minutes from the popular beach destination of Dominical and minutes away from the new hospital. In total there are 23 departments with 7 medical specialists, 10 general practice doctors and 30 nurses. And of course the finest medical equipment in the country.

http://www.buyingcr.com/index.php?option=com_cmsrealty&I

Thirdly, this gem features 211 acres with rivers, waterfalls and an incredible bird's eye view of the Whale's Tail of Uvita. A natural formation whereas two beaches merge to form what looks like a massive whale tail out in to the Pacific. This property has been reduced to sell quickly from $600,000 to $395,000. Imagine your own private 211 acres overlooking the South Pacific?

http://www.buyingcr.com/exclusive2.html

If any of the above mentioned properties are of interest to you, please call Casey Stamps or Maic Salazar at 1.800.378.7422 or email BuyingCR at info@buyingcr.com

These properties are all SHORT SALE listings and therefore are not expected to last long. So if interested, please don't hesitate to contact us.

Property Investment - Online Stock Traders Invest in Real Estate Stock to Own a Piece of America

Real Estate Investors can enjoy profits derived from residential real estate and commercial real estate without the risk faced typical real estate developers.

If you have been watching all the shifts in the investing markets, you may be a little worried about putting your money into any of them right now. Things have been falling and falling, how do you know where it will be safe to put your cash?

Earl E. Bird, III, spokes person for the ReitBuyer.com said “Perhaps it's time to look at some of the other investing options out there like real estate. I am not talking about running around and buying up any extra lots of property you happen to see around you. Instead, you may want to look into another type of real estate investing; Real estate investment trusts or REITs are funds where you purchase shares of the investment and a real estate management group of real estate development group uses that money to purchase, build or maintain property ventures.”

Earl explained that Real estate investment trusts or REITs are funds where you purchase shares of the investment and a real estate management group of real estate development group uses that money to purchase, build or maintain property ventures. In return for the investment, one is paid a portion of any profit that the company makes, much like a stock dividend.

While some investors think it is unwise to consider investing in real estate in today’s market, Earl believes that this is the best time to invest. Earl said, “Look at the positive side; the price is low today; ‘buy low, sell high’ is the rule to profitable stock trading. Most experts feel the downslide of real estate values has slowed and will eventually be on the upturn again.”

Earl recommended checking out the http://www.reitbuyer.com/ website to learn about the REITs are out there, what they are selling for and get yourself in on this low tide so you can enjoy the ride when the financial wave picks up again. Investors should learn all they can now about REITs; timing is everything.