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Whilst we hear of UK economy dipping, other countries..

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Hello
Welcome to the December edition of Property Venture's monthly e-newsletter, for opted-in subscribers, seeking to provide you with newsworthy stories from the places we help people buy in.

This month we feature:
  • The latest on which countries are faring better in the recession
  • Morocco property in Mediterranean Sports Complex
  • Is Spain bottoming out? And how cheap are the property deals direct from banks?
  • Special offer-top tips on what you need to know about investing and renting abroad
Introduction - so how are other countries faring?  
Whilst we hear of the UK economy dipping early 2010 and possibly proving more resilient by the end of the New Year and the Dubai World shock news, it is easy to forget there are other countries, which have not actually gone into recession.

Poland is the only EU country out of the 27 member nations, to achieve positive economic growth in the 2nd quarter of the year, with GDP +1.4% year-on-year in Q2. Polish GDP growth is to top 2% in 2010, according to central bank's Monetary Policy Council.

Now Poland has inward investment that has helped drive these figures e.g the road-building programme amongst other infrastructure projects, co-funded by EU. But let's not forget, it is hosting the UEFA football championship in 2010, so think of the house price effect. And so yes, some of the Poles have gone back over there, to build some of those roads and stadia. I often get asked about whether any Poles are left in Poland!

All this is interesting to note if you are seeking to build a balanced portfolio of property investments. Not all countries dip at once, or in the same way, or to the same extent.

Morocco’s economy has also proved solid in the global recession. GDP growth is expected to be circa 5% '09, only slightly less than 2008, owing to strong domestic demand & agricultural production (according to the IMF). It is also only just establishing itself on the World stage as a seaside holiday destination, with the opening of its first mega-resort Saidia. Unlike some overseas property markets, it is just emerging, rather than suffering from a glut of supply.

All in all, some positive sentiment is returning, as a recent international  McKinsey Survey showed: 47 % of business executives expect GDP growth to return to pre–September '08 levels in 2010/11 vs 40 % 6 wks ago. So next year looks to be a bit of a turning point.

Morocco
Featured property
VVT9 Moroccan Villa & Pool-Saidia
Interested in unspoilt Mediterranean coastline?
Previously on restricted supply, these fabulous 2 bed apartments and penthouses have been released. Starting at £167,857. Provide minimum 6.2% yield - rental guarantee for 5 years. 

 

Le Village de Sport is has been created with the concept of relaxation, leisure and luxury. The on-site facilities include golf and a lake. More on this property. Other Moroccan property


News

Is Spain bottoming? And are banks a good source for cheap property?

So what is the reality of the situation in Spain? Have house prices fallen sufficiently and are now on the rebound ? Distressed property sales through banks sound great, but are they always cheaper and suitable for overseas buyers? .....Read More 

Special Offers
 
HeadphonesHave you ever thought any of these things? 

  • What are tenants looking for in a holiday home?
  • How do I deal with language differences when buying/ holidaying abroad?
  • Where should I start when investing in a holiday home?
  • How can I hear a holiday-maker's, a landlord's and an agent's perspective?

If so then you might be interested in “What you should know about investing in, and renting, Overseas Property” brought to you in conjunction with Totstotravel and 4 Walls Click here

If you think someone else could get something out of this newsletter, please forward it on. To subscribe please click here. For previous copies of our newsletter with tips and offers click here

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We welcome your thoughts on items that should be included in the newsletter or things that you might like to hear about in a teleseminar. If you have any suggestions to make then please e-mail This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , we like to receive your feedback.

Property Venture® helps people buy property abroad with common-sense advice, in countries like: Poland, Spain, Bulgaria, Cyprus, Montenegro & Morocco.

Image of Louise ReynoldsWarm Regards

 

Louise Reynolds
Director

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Disclaimer
Property values can fall as well as rise. This document is for information purposes only and was deemed relevant at time of sending. There is no guarantee as to the accuracy of, or omission from, the information presented. Intending purchasers must satisfy themselves by inspection or otherwise, as to the accuracy of information given and not rely on it as statement of fact, nor interpret it to be a commitment on the part of Property Venture®, or Business Venture Ltd. Finally, although subject to our own anti virus checking, prior to sending, the recipient should check this email and any attachments for the presence of viruses. Property Venture® & Business Venture Ltd accept no liability for damage caused by any virus transmitted by this email.

 


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