Overseas Property Forum

As a leading independent overseas property portal we are constantly asked by many industry experts to comment on the state of the overseas property market and to offer our opinions on the investment opportunities in the new emerging property markets

We hope you enjoy reading our overseas property posts and we always look forward to your constructive comments

Wednesday, 13 August 2008

Morocco Property - The New Overseas Property Hotspot

As many of the mature overseas property markets are going through a 'cooling off' period or in some cases a freezing period, some property markets are seeing massive growth and are now leading the way having knocked some of the previous overseas hotspots off their perch. Although Dubai property still seems to be extremely popular with overseas property investors the real overseas property hotspot of the moment in Morocco property.

Morocco property, having been rated as one of the 'Elite' overseas property destinations by Homes Overseas magazine seems to be going from strength to strength and has fast become one of the leading countries for property buyers looking for an affordable overseas property. With early bird investors already sitting on a tidy profit, even in todays economic climate it is no wonder that both ameteur property investors and seasoned professional investment companies are falling over each other to snap up the best units.

There are a number of reasons that Morocco property is so popular with property buyers and some of these include very affordable prices, luxury five star facilties, a great climate, low cost flights and even guaranteed rental schemes. With all of these factors set to increase and tourism already up to much higher levels, investing in Morocco property is very lucrative.

Some of the most popular areas and developments in Morocco include the Mediterranean Coast (Mediterranea Saidia) where you will find luxury developments like Le Jardin de Fleur, Cabo Negro Golf, Cabo Dream Golf and Playa Vista.

Friday, 1 August 2008

Dubai Property - The Dubai Rental Market

The rental growth of Dubai property was lower in Q1 and Q2 than it has been for some time so we researched the market and spoke to some industry experts for their opinions on the Dubai property market and their thoughts on the rental slowdown.

The common feedback we have received is that it is only a temporary glitch and that there is still a huge demand for residential homes and property which is still continuing to outstrip the actual supply of properties available, making Dubai property one of the best markets in which to invest.

Here at Sylvianco International Property we dug deeper and got some feedback from Asteco who are one of the largest and most well known property services businesses operating throughout the Unites Arab Emirates (UAE). They said that they have seen a rental growth of 22% over the 12 month period (July 2007 to June 2008) and that the rental market for Dubai property this year has been pretty much stable.

We have found data that indicates that the rises in rentals for Property in Dubai year on year were up massively in some areas of Dubai although much of it has been stable since January 2008.

Some of the largest rental growth in Dubai was recorded within property at Sheikh Zayed Road coming in at a staggering 51% closely followed by Bu Dubai at 42% and Ghusais at 40%

To give you an idea of just how popular property remains in Dubai if you look at Burj Dubai, which is plagued by heavy traffic, property sales are still extremely high with occupancy running at 90% to 95%.

Mike Knivett a director of Planet Viva who specialise in overseas property and particularly in Dubai property said that all talk of a slowdown in rental growth in Dubai will certainly be a short term thing as their statistics are showing a huge surge in people enquiring about property in Dubai. Mike went on to say “There is so much new commercial area being finished off within the next 2 years such as the new building developments, shopping centres, hotels and golf courses, Dubai is going to need more and more workers to help with these massive projects. This huge workforce will need somewhere to live during their time in Dubai and this is going to just increase the demand for property rentals in Dubai which is excellent news for the property investors in Dubai.”

Some of the most popular property developments in Dubai are still seeing huge interest from a number of property investors like the magnificent Dubai Sports City, The World Development and the newly released Zero Five Zero at Waterfront in Dubai

dubai property



Keeping checking back for more Dubai property news or take a look at our Dubai property pages for more information on specific projects in Dubai.

Overseas Property August 2008

Welcome to the first posting on our brand new overseas property forum / blog.

Our aim is to bring you the key property investment news from across the globe to help you make decisions on the best purchases and current property hot spots.

Keep checking back to see important investment statistics and useful information in general about the overseas property markets from the new and exciting emerging property markets through to the mature markets.

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