10/22 Global Real Estate & Investment News from Propertyshowrooms.com

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Global Real Estate & Investment News from Propertyshowrooms.com Fractional ownership serves up ace prospect, says Henman October 19, 2009 at 8:00 pm Former tennis star Tim Henman has praised the value of fractional ownership. Since retiring from the sport, the 35-year old has built up a property portfolio both in the UK and overseas, telling the Daily Telegraph that he particularly enjoys using his family's fractionally-owned property in a forested area of Provence. "It's a beautiful location, there's no one overlooking us and the house has kept traditional features such as the old beams, but it also has great contemporary touches," he said. Mr Henman stated that the investment is a "fantastic" one, as it means his family has six weeks per year when they can use the home while carrying no responsibility for matters of upkeep. It also offers investors the chance to actually own an asset, unlike in the case of timeshares, he noted. The south of France is a particularly good place in which to invest in rental property, head of research at investment firm Property Frontiers Christopher Chadd commented this month. He said that Languedoc and the south coast are prime areas, while those who want an investment that is sure to hold its value can also look to Paris. Homes in South Africa 'cost much less' October 19, 2009 at 8:00 pm It is possible to get a home in a fashionable district in South Africa for a fraction of the cost of properties in London or New York, it has been suggested. Chairman of Sotheby's International Realty SA Lew Geffen told Times Live that on average such homes in Cape Town or Johannesburg can be had for a third of the equivalent prices in Britain or the US. He stated that "one could acquire an ultra-modern loft apartment in central Cape Town, or a three-bedroom apartment right on the beach front in Sea Point" for the cost of a one-bedroom apartment in London. This figure would be around ZAR1.3 million (GBP108,000), he noted. Similarly, a two-bedroom, two-bathroom townhouse in Johannesburg's Houghton district can be bought for the same cost as a one-bed studio flat in Manhattan. Cape Town was recently tipped by chief executive of Durr Estates Julian Reynolds to perform well in the next year as the country's market recovers. He wrote on Real Estate Web that the metropolitan area has seen the biggest price drops in the slump and thus may experience the largest bounce-back. Turkey 'a good place to invest in now' October 19, 2009 at 8:00 pm The present time offers a good opportunity to invest in Turkish property, it has been stated. Founder of broker Istanbul Mortgage M Bahadir Teker told the Financial Times that the country is currently enjoying a favourable combination of affordability, lower interest rates and a plentiful supply of mortgages. He continued: "We're going to see growth next year and new development opportunities arising mid-year, so I think now is a good time to buy." According to the paper, those keen to buy a waterfront flat in fashionable areas of Istanbul can do so for around 30 per cent less than a year ago. At the same time, it noted, prices as a whole have shown signs of being firm across the country. It was recently suggested that Altinkum is a good place to invest in during 2010. Didim Today said the resort is good for tourist rental because it appeals not just to the overseas sector made up mainly of Britons and Germans, but also Turks looking for domestic breaks.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.