Saturday, October 24, 2009

10/25 Global Real Estate & Investment News from Propertyshowrooms.com

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Brazilian property 'in British interest surge'
October 22, 2009 at 8:00 pm

Britons have shown a sudden surge in interest in buying Brazilian property after the awarding of the 2016 Olympics to Rio de Janeiro, a currency exchange firm has said.

Moneycorp told Homes Overseas that it has now launched a service converting sterling to Brazilian reals in response to a rise in interest, which it notes has also been boosted by the country hosting the 2014 football World Cup.

The firm said that in August there was a 57 per cent jump in enquiries about the country in August alone - a situation arising before the Olympic decision.

Commenting on the development, Moneycorp's Brazilian Real account manager Deane Rowe said: "We are delighted to launch the Brazilian Real Service to help our clients get the best deal possible when looking to invest in Brazil."

Sales and marketing director of Brazil real estate firm uv10.com Samantha Gore recently suggested that the staging of the Olympics in Rio will have a "ripple effect" that will boost prices across the country.


Cyprus tipped as bargain destination
October 22, 2009 at 8:00 pm

Cyprus is a place where many buyers could find a bargain after recent property price falls of up to 40 per cent, it has been claimed.

A Daily Mail feature on the island noted that the sort of residences that can now be acquired include a two-bedroom apartment in Paphos with a sea view for £81,000.

Commenting on the way recent drops in value have cancelled out the rises of recent years, editor of Cyprus Property Magazine Nigel Howarth said prices are now back at 2004 levels.

Those keen to invest in property at a bargain cost may find now is the ideal time to do so.

Cypriot property could be in for a much-needed boost shortly with the arrival of new extensions to Larnaca airport, it has been suggested.

Head of services of civil aviation at Larnaka International Androulla Christodoulou CNA News Agency that the economy and tourism will be boosted by the opening of the facilities next month, the Famagusta Gazette reported last week.

 

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