Property hot spots

Overseas property investment news - Fly to let The Moroccan Government is refraining from taxing rental income for five years when investors take ownership of one of the luxury properties at Mediterrania Saïdia in Morocco, home to Le Jardin de Fleur, the flagship Plan Azur resort, currently under construction.
The 11 Le Jardin de Fleur resorts-within-a-resort, range from spacious apartments to grandiose villas, which all have extensive facilities including swimming pools, gymnasiums, tennis courts, children’s clubs, restaurants, use of a spa centre. There are also three golf courses nearby.

Titan Properties is expanding its ‘ready to move in’ resale portfolio by adding the Punta Coral townhouse development in El Rompido, Spain. Punta Coral is a series of compact townhouse developments. The three bedroom properties all have views to their community lake-pool and down to the sea. The properties are within walking distance of the fishing village of El Rompido which has two 18-hole golf courses nearby. Prices are from 285,000 euros for a three bedroom townhouse.

Cyprus Lodge Homes are now available at Olive Grove Park, Limnatis, Cyprus, with prices starting from £69,995.

Located in a traditional Cypriot village set amongst Almond and Olive Groves the lodge properties are supplied fully furnished with air conditioning, and fitted kitchens and bathrooms.

President of Cyprus, Tassos Papadopoulos, recently pledged to expand his country’s tourism trade and sees increases to tourism and improvements to infrastructure as key factors in the appeal of Cyprus for second-home buyer and investors.

Changes in building regulations in Sardinia have been brought in to prevent any new building within 2 km of the coast in an effort to ensure the country retains its natural beauty and doesn’t over develop.

Santa Teresa Gallura is one of the last new developments on the coastline and is being marketed in the UK by RealPoint Property.

It is close to the beaches and has easy access to Olbia Airport. There is a selection of one and two bedroom apartments available, each with a garden area or veranda, private parking, and communal swimming pool.

Prices start from just £99,000 with anticipated capital growth at 20% per annum and offering rental potential. There are 80% mortgages available (subject to status) with phased payments along with a rental management service available.