The out-of-town retail market in southern Europe is becoming more international in flavour as developers push back the boundaries in their desire for expansion and retailers seek to take advantage of cheaper rents and fresh markets by jumping borders, according to Savills’ latest European report.
JUST 35 minutes after leaving Vancouver, the small white ferry glides into Fulford Harbor, one of two entrances to the island. The largest of Canada's southern Gulf Islands, Salt Spring offers 70 square miles of lush green fields and steep, pine-forested hillsides, and only three towns: Ganges, Vesuvius and Fulford Harbor.
When I bought my flat in Paris three years ago, I was blithely confident that it would be an investment that paid for itself. But it has not been easy to cover its costs with holiday rentals, which was the original plan. My agent, Gail Boisclair of Perfectly Paris, says that because the US dollar is very weak against the euro, American tourists have either not been coming over at all or wanting large discounts when they do. She has done brilliantly and managed to get me 50% occupancy, but to cover its costs I need 70%.
For many, Majorca used to mean Magaluf, the tacky resort in the south-west of the Mediterranean island where thousands of teenagers clubbed and pubbed on cheap holidays. But now the image is changing - Majorca is going upscale, with the property market leading the way.
Property investment in Europe looks to be heading for a significant boost in activity, with second homes becoming increasingly popular among those looking for a holiday home or new rental opportunities. The latest European Housing Review from the Royal Institution of Chartered Surveyors (RICS) outlines a rise in the number of people purchasing second properties in Europe, either at home or in foreign countries. The most popular reason for doing so has been identified as being for leisure purposes, a finding supported by recent trends. Since 2000 the market in second homes has seen a fairly substantial boom, particularly as people continue to seek cheaper properties abroad.
It is well worth the time to take a look at the numerous developments that are on offer from Best of Cyprus and Bulgaria property services. Whether you’re looking for a beach-side property or a ski chalet the modern developments on offer in both Cyprus and Bulgaria are well worth a look.