Turkey Property Investment Set to Soar Following Government Reforms

Obelisk International receives news on imminent reforms to Turkey’s legal and mortgage system which is set to spur a dramatic rise in demand for Turkish property, and will allow current investors to take advantage of current value for money, pre-boom prices by releasing their existing equity.

The impending changes to Turkish law which will allow main stream availability of mortgage facilities from 2008, is expected to see Turkish property values rise by an incredible 100% over the next two to three years, according to property investment news. The introduction of new initiatives and products by authorities and financial institutions will further encourage discerning property investors looking to catch early profits in the country’s property market.

Topping the Currencies Direct index of global emerging markets twice consecutively, continual increase in annual tourism figures, and with the government’s implementation of the national tourism development plan to run until 2010, the Turkish market is presenting itself as a promising property investment destination. Property investors following a buy-to-let strategy in particular, show significant potential to earn rewarding returns on their investment.

Obelisk International believes that the availability of local mortgages will substantially increase demand as funds pour into the Turkish property market, pushing up rental incomes and prices of property in Turkey. These new reforms combined with the country’s huge domestic population of 70 million, and the prospective EU membership, promises a very attractive proposition to foreign property investors.

Mark Gannon of Global Mortgages Direct, comments “With new mortgage products entering the Turkish market, it is now possible for any investor to gain access via the right mortgage option for their needs, opening the Turkish investment market to many who may not have had access in the past.” The company, at the cutting edge of mortgage development for foreign markets, told Obelisk International they are currently assisting several Turkish lending institutions in the design of mortgage products that meet the needs of foreign investors.

Mortgages include 65% LTV, up to a 20 year term, at 6.96% fixed rate for 20 years. Multi-currencies are available for both off-plan and completed properties. An equity release mortgage of up to 75% LTV is also available to purchase another property in Turkey or abroad. A variety of other products are emerging between 50% and 75% LTV.

For more information on Turkey property investment and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com/

Greece Property Investment Soaring Following Major Infrastructure Improvements

Thanks to improved communications and transport networks, the Greek islands are experiencing tremendous growth in Greece property investment

Improved infrastructure and the massive regeneration investment carried out in preparation for the 2004 Olympics, coupled with the growing economy, and increasing tourism figures, have further strengthened Greece property investment as infrastructure is now able to sustain permanent residents and visitors, according to the Financial Times.

Latest figures show that year-on-year price growth has been 7% up to quarter 1 of 2007, with prices for apartments in Athens registering a 12% rise in the first quarter of 2006. During the period 1999 to 2002, Athens saw house prices increase on average by 164%. As prices have soared within the Grecian capital, demand for Greece property investment in areas within commutable distance to Athens has been particularly noticeable.

The Saronic islands are located within the closest proximity to the rapidly expanding capital city of Athens and have experienced dramatic expansion contributing to Greece property investment. Aegina, located within 50 minutes to the mainland, is increasingly popular with middle-income families for a summer escape, and a boom in the construction and services industries have created a substantial rise in jobs, which has lead to stimulation of the property market. Prices here have increased by around 20% year-on-year since 2003, according to Frosso Fouflia, a civil engineer for the Aegina municipality.

Spetses, steeped in patrician tradition, is another increasingly popular destination for Greece property investment, primarily presenting more upmarket, high-end properties. Growth of the property market in Spetses has been similar to Aegina, with property values rising by approximately 30% over the past 2 years, according to a local official.

Foreigner purchasers are now beginning to match domestic demand with some market analysts expecting the country to become a hotspot for overseas property investment with northern Europeans purchasing up to 1 million homes in Greece over the next decade. Angelos Seferiades, partner of developer Kihli Enterprises, commented “I believe there is a great pent up demand internationally for holiday homes in Greece”. 'A Place In The Sun' magazine found that Greece was the sixth most favourable destination for foreign buyers as a whole. Further supporting these predictions is the rise in the number of low cost airlines, such as GB Airlines who are now increasing their flights to Crete, Rhodes, Corfu and Mykonos. This will only help to stimulate demand for property and in turn push up prices.

Greece's real estate market compares favourably with other Mediterranean countries and the current period in the market is subject to significant growth. The Institute for Economic and Industrial Research (IOBE) has furthermore recognised that the bullish property market in Greece has made a significant contribution to the country's economic growth in the last decade, which can only bode well for its continued high performance.

For more information on Greece property investment and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com/

Putin Begins Big Plans for the Sochi 2014 Games

Russian President Vladimir Putin has begun talks with government officials in the Kremlin to discuss preparations for the Sochi 2014 Winter Olympic Games.

Set in a spectacular location, on the coast of the Black Sea and at the foot of the Caucasus Mountains in southern Russia, Sochi is revelling in the opportunity to grow and thrive as an economic hub since winning the bid for the 2014 Olympic and Paralympic Winter Games.
Putin played a key role in the bid for Sochi and winning the honour of host city will mean a great deal to the areas infrastructure and foreign direct investment. Kremlin spokesman Dmitry Peskov said ‘the president is continuing to pay a lot of attention to the issue of Olympic preparations.’

The Russian Government’s long term plans for the redevelopment of the region is already in full swing and officials want to raise $390 million for the project. The investment will create a world-class resort destination, where millions of sports enthusiasts and other tourists from around the world will have the opportunity to enjoy brand-new, facilities.

Property research shows that Sochi has already seen a 60% rise in property investment since the beginning of the year and the announcement pushed prices up by a further 13%. According to Russia Today, experts predict by 2014 property prices in the resort will be double the cost of housing in Moscow.

For more information on overseas property investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
Or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com/

Albania’s Emerging Property Market Receives Positive Coverage

Property investment news from the Financial Times states that Albania is enticing overseas property and commercial investors, not only to the unspoilt coast line but also the cosmopolitan city of Tirana.

Other neighbouring countries within the region have already seen excellent property investment growth, with some already reaching the top of the ladder. Despite the country’s late start, the Albanian property market has huge growth potential for profit margin earnings, and this coupled with the low cost of living is certainly presenting an interesting destination for bullish returns.

Just a few miles from Italy, across the Adriatic Sea, Albania’s real estate and commercial property is not only attracting property investors, but also huge foreign investment from companies such as Citroen, Hewlett-Packard, and Peugeot, who have now opened distributor sites in the country. David Hentsell from InterAction suggests that property values in Albania should rise by 25% per annum with climbing rental rates, due to the influx of internal and external government officials and various business expatriates entering or relocating to the country.

A large number of Albanians live and work abroad, sending money home to their families, adding to the countries economic stability. The increase in the country’s FDI is set to boost confident consumer spending which in turn creates higher rental demands. Off-plan apartments in the capital of Tirana are currently priced around £30,000-£40,000 for a one bedroom, so prices are well matched for both the entry level investor as well as the seasoned player.

Albania has no capital gains tax, property transfer tax or stamp duty, and notary fees are only 1% of the property price. Piraeus Bank and Tirana Bank have also released news that they are currently discussing new mortgage products, specifically designed for foreign property investors, all of which moves Albania in the right direction for hassle free, economic real estate investment.

For more information on overseas property investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
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Original Article: House and Home, FT Weekend - Aug 25, 2007

Egypt Property Investment Receives Substantial Contribution from Middle East Developers

Property developers Damac & Emmar are buying big, and leading the way in Egypt property investment by transforming the country’s growth in quality real estate developments.

Egypt’s property investment market has been performing extremely well and is being urged on by news of the high investment figures pouring in from property developers. Looking forward, the country is set to become one of the best emerging markets for property investors, who will benefit from substantial capital appreciation and rental returns.

Damac, one of the Middle East’s largest luxury property developers, entered the Egyptian market in 2006 with a $16 billion plan to re-develop 320 million square meters of land, near Hurghada. The resort style development has encouraged huge investment into Egypt property investment. Other large developers are following suit and Dubai based Emarr, who already own 6 major development sites, have ambitious plans to control nearly half of the development.
‘There is no doubt that Egypt is a key country that is set to play a leading role in DAMAC’s investment strategies in the region. Backed by solid economic growth and a wealth of human capital, the potential prospects are immense. DAMAC’s commitment to Egypt will serve to attract further investment, generate massive employment, and contribute to the development of the real estate sector which is rapidly entering a new era.’ said Mr Hussain Sajwani, Chairman of DAMAC Holdings.
Local property agent, Mustapha Mezouri, believes that funds from the Middle East and UK tourism, is strengthening the price of property in Egypt. ‘Egypt will undoubtedly be an exciting area for investors and second home buyers due to the billions of foreign direct investment being invested from the Middle East. Prices will most certainly increase.’ Mustapha also believes that the newer Hurghada market is likely to offer the most capital growth. ‘Most people who think of Egypt automatically think of Sharm el-Sheikh, but we would suggest Hurghada is an affordable alternative. Prices in Sharm have increased substantially and Hurghada is also a highly established tourist resort with an international airport close by accepting incoming charter flights. Prices for quality property here are lower than Sharm. We believe property prices in this emerging market will rise 100% over the next five years, with great opportunities to sell on to end users’

The government's continuous reforms to infrastructure should bring about a major shift in Egypt property investment. Another benefit which boosts rental potential is an increase in direct, short flight times from the UK, no capital gains tax, or inheritance tax, a relatively low cost of living and property in Egypt requires minimal maintenance costs.


For more information on Egypt property investment and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
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£500 Home Information Packs are 'worthless'Home buyers in the UK could be paying twice following the roll out of the disastrous HIPs.

Recent property news announces home buyers in the UK could be paying twice following the roll out of the disastrous HIPs.

The joy of buying a new home is being quashed by not only soaring house prices, but the worry on how to meet those costs as buyers must now pay twice for the searches; once for the bank and once for the Governments’ Home Information Pack.

The law currently stipulates that owners of a 4 bedroom house, and from September, a three bedroom home, will be included in the scheme. The total bill for the owners will be around £1,000 for both the HIP report and the standard lawyers search.

Major mortgage lenders, which include HSBC and Barclays, do not trust the local authority searches within the packs put together by sellers. The excitement of buying a new home has been killed off by soaring prices and now buyers must pay twice for searches, with their banks and for the controversial Home Information Packs.

Rising costs involved in UK property purchase further highlights the increasing benefits and cost advantage of overseas property investment, which is not subject to HIP costs. Using a real estate investment company such as Obelisk International ensures a simplistic purchase procedure which outlines all the costs of purchase from the outset.

Another issue that is putting a further strain on the new government scheme is the lack of inspectors available to carry out HIPs. The aim of the HIP was to speed up the selling process because buyers would be given all the information they need about a home without needing to employ solicitors to carry out any searches.

The information the buyers need to include, are planning applications, energy performance, drainage, and building consents all through their solicitor. This means tens of thousands of homeowners, currently in a chain, which equates to around 80% of the market, have to pay the inflated prices, and investment news claims that it will slow down the property market.

For more information on lucrative property investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
Or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com/

A Record High Number Leave UK Shores

The Office of National Statistics released figures today that showed the amount of British emigrating overseas is growing at a phenomenal rate, which is having a marked effect on the overseas property market.

The number of UK residents leaving the country in search of a better life abroad has soared and migration experts remarked that this year's non-existent summer will only add to the mass exodus. Figures released today by the Office of National Statistics showed that 385,000 people left Britain in 2005-2006, more than any year since the introduction of the counting system in 1991. The figures showed that out of the 385,000 approximately 250,000 were British citizens, the rest were immigrants returning to their home countries.

Richard Gregan, managing director of Emigration Overseas said that the figures had not come as a surprise and next year's could show an even sharper increase in emigration; ‘The weather is always among the top reasons for leaving and this summer we have had more calls than the previous five. It’s not the only reason, but it’s the straw that broke the camel’s back.’

In Spain the estimated figure of British registered as living in Spain are approximately 275,000, with over 500,000 unregistered. Property research shows that not all of these UK immigrants have purchased property and over half are actually renting property in Spain. Spain remains one of the top destinations as the property market offers value for money with significantly lower prices than the UK. As such the growing number of Buying Abroad Renting in Britain or "BARBies" has increased.

The study by National Savings & Investments found that 84% of 18 to 24-year-olds believes buying abroad is a more viable option than buying in Britain, 36% of aspiring first-time buyers renting in London would consider buying abroad and 43% chose Spain as the most attractive option for ease of travel. Latest figures also show that over 8 million Brits now own overseas property for investment purposes, retirement, or total relocation. With the recent slowdown in the UK property market, along with the surge in emigration it has emerged that UK citizens are putting their money into overseas property investments as it provides the biggest monetary returns.

About Obelisk International
Obelisk International is a real estate investment company providing global investment opportunities that offer secure, tangible and impressive financial performance. Their service to investors is based upon three main principles of price, profit, and performance.

For more information on overseas property investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on
0808 1600670
Or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com/

Obelisk International Highlights The Importance of Due Diligence in Overseas Property Investment

Overseas property ownership is now easier and safer for investors thanks to Obelisk International’s investment news of their compulsory Due Diligence procedure simplifying the legal mine field that exists in many foreign jurisdictions.

Due diligence is a fundamental requisite in the selection process of all recommended investment projects and forms the basis of Obelisk International’s overall philosophy. Property purchase in a foreign country can be daunting for the purchaser, with inherent uncertainty derived from the lack of knowledge in local practices. For this reason, Obelisk International ensures that every project is afforded rigorous due diligence and attention to detail to ensure the investor is secure and satisfied in the knowledge that no stone has been left unturned.

By definition, due diligence serves to confirm all material facts regarding a sale, and in general, refers to the attention an investor should take before embarking on an overseas real estate investment. In the same way an audit is used to investigate financials and processes in order to safeguard companies against negligence within working practices, due diligence is there to act as a safety harness for the overseas property investor, and an offer to purchase an asset should be based on the outcome of the due diligence report (or DDR). The DDR of an off-plan purchase should always include the review of the developers legal and financial records plus anything else deemed material to the sale.

An interview with Gonçalo Angelo, Head of Legal Analysis and Studies Department, of Manzanares International Lawyers, confirmed ‘It is crucial to turn to an advisor who can lead the prospective purchaser, and who can analyse the situation of the property to be acquired prior to the transaction. The professional, responsive, and reliable approach that Obelisk International extends to their meticulous due diligence property research also reflects in the high level performance provided to their clients. It is therefore strongly recommended to clients, as additional assurance and to prevent unnecessary risk, that the property investment company carry out a DDR prior to the release of the product, with the aim of assuring that it will be a smooth and safe transaction guided by the lawyer or advisor dealing with the purchase process. The report, provided by Obelisk International, allows the client to have a wider vision of the purchase operation, by providing substantial evidence and insight into the financial and legal viabilities of the potential investment opportunity, thus having a better approach to his/her investment opportunity.’

Assessment into the credibility of both the developer and the investment company, when entering into an overseas property investment, is paramount. Tim Van Dijk, Project Manager for Obelisk commented ‘Obelisk International undertakes extensive research, analysis, market comparisons, and onsite inspections to ensure all of our projects presented to investors, have surpassed a robust selection process. Conducted by our highly-qualified professionals, scrutiny of the information reveals detailed, accurate insights into the development and developer. Through Obelisk International, clients are provided with exceptional property investment portfolios from a wide spectrum of strategic and rewarding possibilities.’

For more information on property investment opportunities within the emerging markets and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
Or email info@obeliskinternational.com
Or visit our website http://www.obeliskinternational.com

‘Panamania’ is gripping Early Bird Real Estate Investors

New bullish figures released by the worlds’ top financial institutes puts Panama top of the shop for overseas property investment.

Panama is in the midst of an extraordinary real estate boom that is transforming the once-sleepy Latin American country. Over 30,000 apartments valuing around $5.7 billion have appeared on the market since last summer, which is a vast number of units in an economy which totals in excess of $16.2 billion last year.

The escalation in development and infrastructure shows no signs of a slowdown and investment news states that a cash injection of $5.2 billion to double the width of the Panama Canal will further the new wealth of Panama. "The expansion of the canal has woken up the curiosity of a lot of people," says Saul Faskha, a local developer.

The Hilton group is taking advantage of the renewed tourism figures by constructing one of Latin America’s tallest apartment buildings, Donald Trumps’ corporation plans to build a new casino, and increased flights have prompted Virgin Holidays to included Panama in their 2008 brochure.

Panama's economy has grown by 8.1% last year, compared with 6.4% in 2005. The government released phenomenal figures earlier in 2007 showing a surplus of $576 million by the end of 2006. As the second largest free trade zone Panama export industry has also aided growth with several multinational corporations looking to relocate to the countries capital city. ‘Panama has grown very, very fast - we didn't anticipate this," says Ubaldino Real, Minister of the Presidency. ‘The government has had to take out more money to be able to act much faster to build roads.’

For more information on property investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com
Or visit our website: http://www.obeliskinternational.com/

Malaysia’s Property Investment Market is Benefiting from a Declining Stocks Market

The recent sell-off in the Malaysian stock market is prompting investors to look for stability in Malaysian property says Obelisk International.

A recent survey, completed by Malaysian developers, reported a marked increase in sales in the first half of 2007, compared with the same time last year. The shift in interest from the stock market to real estate investment has had a positive impact on long term stable investments in tangible assets.

Michael Yam, deputy president of the Real Estate and Housing Developers' Association, said the recent sharp sell-off in the local stock market will have a positive impact on the property industry as increased volatility in the equity market will prompt investors to shift their funds into property, which offers a stable income over the longer-term.

Over a 10 year period, the property market in Malaysia has done well with a 47% increase in real estate investment, even with the recent decline in the stock market, the figures show there has been no impact on the economy or purchasing power in Malaysia. Yam continued to say that 'Most of us couldn't be bothered by the drop in the stock market’ and 'in addition, those short-term funds that are getting out now are not invested in property,'.

Other factors driving the property investment market is the abolition of the 30% capital gains tax since 1st April 2007, with some property reports show that Singapore’s growing economy is overflowing into the Malaysian market.

For more information on Malaysia property investment opportunities and to find out about Obelisk International’s latest projects within the emerging markets, contact: Obelisk International on 0808 1600670 Or email info@obeliskinternational.com
Or visit our website http://www.obeliskinternational.com/

Demand for Apartments Set to Rise with the New Singapore Government Scheme

Prime Minister Lee Hsien Loong announced a new initiative for the over 62’s in Singapore, to unlock equity from their property which property experts believe will increase demand for three-room apartments.

Property professionals commented that the new initiative will help older Singaporeans liquidise a proportion of their assets, and is expected to be a popular alternative to the reverse mortgage scheme, which has received very little interest. Prime Minister Lee Hsien Loong announced the new scheme during his National Day Rally speech, stating that the plans were specifically designed for the over 62’s who own two or three bedroom apartments, and who have only made use of the government's housing subsidy once.

Although the Housing and Development Board (HDB) will reduce the lease of the apartment to 30 years, the owners will receive an initial lump sum to the value of the lease and monthly payments thereafter, without having to move from their home for up to 30 years. This will help many retired owners derive income from their most valuable assets, and will also allow them to sublet rooms providing a further source of income from their property investment.

Mohamed Ismail, CEO of PropNex, said: ‘This scheme really helps people to unlock and monetise their assets. A lot of Singaporeans are asset rich and some of them may have challenges as far as their cash situation is concerned. And currently, there are not many solutions available.’

Property watchers said the new scheme could potentially boost demand for three-room apartments, which are relatively scarce in the market. Mohamed Ismail, CEO of PropNex, said "Three-room flats provide a very basic, essential need. And with these things in place, I do think three-rooms will be in better demand," said Mr Mohamed Ismail.

Obelisk International recently reported Mervin Chow from OSK Investment Bank saying ‘For many years, Singapore has had a high volume business travel inflow’ which makes Singapore, in terms of real estate investment, a very attractive entity especially as rental prices have been compared to the high values of Dubai.

For more information on property investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com
Or visit our website: http://www.obeliskinternational.com/

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Real Estate Regulatory Agency Announces its Goals and Objectives for Property in Dubai

Dubai Property Group (DPG), Dubai's real estate professional association, introduced the newly established Real Estate Regulatory Agency (RERA), at its monthly networking event yesterday.

His Highness Sheikh Mohammed Bin Rashid Al-Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai launched the new Real Estate Regulatory Agency or RERA as a service agency for the Dubai Land Department. The agency will act as an independent body as a financial and administrative arm to regulate Dubai's real estate sector.

Marwan Bin-Ghalita, Chief Executive Officer (CEO) of RERA presented the Agency's mandate which outlined RERA's area of operation and future plans. 'RERA was established and launched as a part of Dubai's 2015 vision for economic development and falls in line with the current developments within the real estate sector,' said Bin-Ghalita. 'As a government entity under the Land Department, RERA's main objective is to establish the foundation for a globally attractive real estate sector that satisfies and guarantees all stakeholders' rights and expectations.'

RERA's primary responsibilities will consist of eight specific areas which will include: licensing all real estate activities, managing developers' trust account, licensing and organizing real estate agents, regulating and authenticating rental agreements, regulating and supervising owners' associations, regulating real estate related media advertising, regulating and licensing real estate related exhibitions, publishing and circulating official sector research and studies, enhancing national participation in the real estate sector and increasing real estate awareness.

The agency comes at a time when a huge surge in land sales is seeing continual growth in Dubai. Real estate reports show land sales totaling AED65 billion in 2006 and investment news shows 2007 figures have already exceeded AED 46 billion.

'RERA was set up to become the one address for the real estate community to refer to, whether they practice their operations in Dubai proper or in any of the designated free zones around the Emirate,' said Adel Lootah, Executive Director of Dubai Property Group. 'DPG will work cooperatively with RERA to create awareness about Dubai's property market and to attract regional and foreign investors to participate in this lucrative sector.' Obelisk International’s Sales & Marketing Director Kevin Prior stated ‘This is an exciting time for real estate in Dubai, the new licensing agency represents an excellent way forward for real estate in Dubai and will act as a safeguard for the industry, as well as for property investors who take advantage of a first class, overseas property investment opportunity.’

For more information on property investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com
Or visit our website: http://www.obeliskinternational.com/

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Growth in overseas property investment is reinforced by low interest rates stimulating new strategies for property investors.

As UK interest rates rise to just under 6% and the European Central Bank maintains rates at below 4%, savvy UK property investors are reported to be repaying UK loans using more favourable, longer-term, cheaper loans from their second homes overseas.

This latest property investment news reported by Assetz Finance, highlights this global investment strategy is increasingly popular amongst discerning property investors. This growing trend in the overseas property investment market shows property owners re-mortgaging their foreign homes in order to take advantage of the lower interest rates available within some of the mature markets in the European Union, which are now offering more sophisticated mortgages for foreigners.

According to the Royal Institute of Chartered Surveyors, UK real estate reports 800,000 UK households own a second home abroad, with an average loan value of €150,000 (£100,000) taken out on foreign property.

Mark Gannon, Director at Global Mortgages Direct suggests an alternative strategy to overseas property investment introducing the Quick Build method for those serious investors looking to expand their property investment portfolio, by using their accrued equity of a property in a mature market, to purchase property in an emerging market such as Brazil, Egypt, Morocco, Turkey etc

The nature of emerging markets, characterised by high economic growth levels and significant capital appreciation, have produced substantial capital gains for property investors. Investment in these markets makes for a lucrative strategy to grow any overseas property portfolio. In light of this, it may be wise to analyse the various ‘equity release’ mortgage products in those countries where properties are located, particularly in those mature markets where more sophisticated and flexible mortgages are offered. The released equity allows for secondary property investment, which may cover all deposits and costs of a property purchase in an emerging market, or provide funds to purchase in countries where mortgage systems tend to be under-developed with limited product range.

Another strategy is to split the released equity over several properties to pay for the deposits, whilst mortgaging the remainder of the cost, providing a suitable re-mortgage product can be sourced. It is recommended with this course of action to look for properties that have rental guarantees as a safeguard for the mortgage repayments.

This strategy of continually releasing equity of appreciated properties to re-invest in emerging markets, rather than using liquid funds, could prove to be a sound method to build your overseas property portfolio.

Key to this strategy, and particularly when dealing with emerging markets, is to collaborate with knowledgeable companies who are experienced in the chosen market. Obelisk International provide a comprehensive yet simple purchase process where reliable partners have already been identified and contracted, and who will liaise and advise directly with investor clients throughout the entire property purchase procedure.

For more information on property investment opportunities within the emerging markets and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
Or email info@obeliskinternational.com
Or visit our website http://www.obeliskinternational.com/

Tourism Takes off in The Baltic States of Estonia, Latvia and Lithuania

The former communist states in North East Europe are enjoying a tourism growth spurring further economic growth from foreign property investment.

In 2004, Estonia, Latvia and Lithuania joined the EU and as a result, the tourism industry has exceeded the combined tourism growth for the 25 EU states of 1.6%. Investors have discovered the potential of property investment within these countries, which are amongst the EU’s fastest growing economies, with many cities boasting UNESCO World Heritage status.

In the last 12 months, the three nation’s GDP per capita increased by the greatest margin in comparison to the other EU members, recording an average of almost 10% growth. Today, the cities’ medieval centers are the main tourism drivers that are helping to boost their respective economies.

A chief factor behind the countries’ growing prosperity has been the opening up of their property markets to foreign buyers. As EU member states there are no restrictions on foreigners owning property in Estonia, Latvia and Lithuania and the buying process is a relatively straightforward one.

Property reports have shown an increased demand for property investment, since EU accession; prices have increased by around 30% in the cities and the market still shows potential growth representing very good value in relation to other capital cities in Europe. The increase in foreign business and trade has prompted up market renovation and re-development of areas that have been compared to places such as the London Docklands.

For more information on property investment opportunities within the emerging markets and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
Or email info@obeliskinternational.com
Or visit our website http://www.obeliskinternational.com/

Morocco Property Investment

King Mohammed of Morocco has announced big plans for the country, including a key strategic vision to boost tourism figures to 10 million by 2010, all good news for Morocco property investment.

The Moroccan King has currently invested £2.2 billion in developing up-market coastal resorts, including hotels, villas, apartments, golf courses and marinas. The country’s infrastructure is maturing well with expansion of airports and new road systems, plus within three years, Morocco will become accessible via an under water train link from San Pedro in Spain.

Budget airlines are also aiding the increasing interest in Morocco property investment stimulating tourism and economic growth. Low cost airlines such as easyJet and Monarch both fly to the North African country with many other economical carriers following suit.

Some property companies are promoting Morocco as the next Spain; however being branded the new Spain is the last thing the Moroccan government wants. They have made plans to turn their coastline into a non high rise, aesthetical pleasing destination with the emphasis on environmental care. As the country offers everything from economical apartments to million pound villas, Morocco property investment is attracting all types of investors, from the first time buyer to the more seasoned investor, all of which are keen to tap into this emerging market.

Morocco property investment is proving to be very lucrative with prices doubling within a year, and according to property reports, property price growth is set to continue well into next year. Property experts predict growth figures of 40% within the next three years with a rental yield of 10%.

As established markets, Marrakech and Casablanca are among the country’s strongest investment areas. As Morocco boasts 3,000 miles of coastline, developers are now looking across the country to build within the various emerging hotspots. Morocco property investment also provides investors with exceptional tax advantages including no tax on rental income within a 3 year period, a double tax treaty with the UK and no inheritance tax.

The main surge of interest is for off-plan developments, set to breathe life into Morocco's coastline. For early investors, who take advantage of the off-plan investment opportunity, even a short term hold is sure to provide high profits. Morocco also provides tax benefits for the long term investor, making it the ideal place to build a property portfolio.

"Today Morocco is a promising emerging market and a huge growth in developments to the region is living proof of this. The Moroccan government's commitment to increase the numbers of tourists is a real incentive for developers and investors alike," said Daniel Shashoua, vice president of property developer, Benisha.

For more information on property investment in Morocco and to find out about Obelisk International’s latest global projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com

Sir Richard Branson’s Virgin Group Invests 20% in AirAsia X

The world’s latest long haul budget airline, AirAsia X, announced a £7 million investment by Virgin Group during a special event at the Putrajaya International Convention Centre in Kuala Lumpur.

As one of the world’s leading brands, Virgin will prove to be an exceptional marketing tool, placing the low cost carrier clearly on the map. The majority of AirAsia X, which launched in January this year, is owned by AirAsia. The parent company is the region's largest budget airline, carrying an expected 18 million passengers this year with a target of 50 million by 2013. The success of AirAsia, Virgin’s investment news and the launch of new destinations and connections should put AirAsia X in a very good position for the future. AirAsia X will also have a positive impact on property investment opening doors for increased tourism and business travel, by providing affordable, cost effective air travel to and from Europe and the company’s home continent.

Dato’ Seri Kalimullah Hassan, Chairman of AirAsia X, said, ‘The Virgin stamp of approval on the AirAsia X business model from Sir Richard Branson, one of the world’s most successful entrepreneurs in pioneering new business models, is a great start for AirAsia X.

Building on AirAsia’s lead, AirAsia X is uniquely positioned to be a first in ‘truly low cost, long haul’ service and to revolutionize the global aviation industry. We believe AirAsia X will help consolidate Kuala Lumpur’s position as the region’s low cost carrier hub and as such, we continue to be grateful to the Malaysian Government for its continued support.’ Having leased an Airbus 330 and confirmed orders for 15 new A330-300s, AirAsia X is well on its way to commence its operations in the fourth quarter of 2007 with non-stop services from its Low Cost Carrier Terminal hub in Kuala Lumpur to points in Asia Pacific which we will announce in due course,’ added Dato Seri Kallimulah.

The Director of AirAsia X, Dato' Tony Fernandes, said, ‘AirAsia X aims to dramatically expand the market for long-haul, value-based travel – both leisure and business related, and reinforce Malaysia's status as a low cost aviation pioneer, through achieving an industry leading Cost per ASK (available seat kilometre) of less than 2.0 US cents. AirAsia X will simplify the current long-haul product and provide highly affordable, value-for-money travel without sacrificing core passenger comforts essential over longer flight times.’

The Virgin boss commented, ‘Tony Fernandes and his team have had phenomenal success with Air Asia on the short haul and we believe they will have the same success with AirAsia X on the long haul. I am thrilled to be able to support them in this venture and look forward to seeing low cost long haul travel being opened up from their base in Malaysia. I wish Tony and his team every success and cannot wait to join them on an AirAsia flight in the near future.’

For more information on investment opportunities within Asia and to find out about Obelisk International’s latest global projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com

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US Economic Crisis Makes World Headline News

The world’s financial eyes are on the US as their stock market, real estate and retail sectors take a battering fuelled by hiking interest rates and sub prime borrowing.

Problems in the mortgage sector have had a huge knock-on effect on the US stock market, with an early fall in trading, which saw the Dow Jones drop a massive 208 points to 13,029 and the Nasdaq down 43 points to 2,499, at the beginning of the week. Investors also reacted badly to recent investment news that Wal-Mart and Home Depot warned of falling profits. The countries largest mortgage lender, Countrywide Financial, saw share prices fall by 13% on Wednesday and fears that if the market continues to deteriorate, the company could face bankruptcy.

As US interest rates have increased over the past year, a record number of sub-prime (poor credit or low incomes) borrowers have defaulted on their loans, leading to extreme financial pressures for firms exposed to the sector. The development and construction industry has also been hit hard as the number of new homes being built in the US is now close to a 10-year low and repossessions of the existing housing stock is at a record high.

The effect of which has heightened fears that loans will become harder to come by, not only in the housing sector but in the wider economy, leading to an overall slowdown in the economy. Home Depot, the US DIY store chain, has blamed this slowdown directly on the US real estate market and warned investors of a second fall in profits within two months. The company who previously predicted a 9% drop in profits by now expects its 2007 profits to decrease by 15% to 18%.

Home Depot said that in this current climate the sector will continue to see losses, way into 2008. After a steep rise in interest rates, over the last few years, the US housing market has been hit hard by a further rate rise and as such property reports show prices are falling dramatically. ‘Housing turnover continues to slow and prices continue to come down,’ said Keith Davis, an analyst with Farr Miller Washington. ‘People aren’t spending the way they had been on home improvements.’ Fellow retail analyst Bill Schultz of McQueen, Ball & Associates said the Home Depot warning ‘really shows how deep this housing downturn is.’

In a bid to hold on to investor’s money, Sentinel Management Group, which manages $1.6bn in funds, darkened the mood further by trying to block the withdrawal of investment from their funds. A slump in available credit prompted the US Central Bank into pumping billions of dollars in emergency funds, back into the banking system to try and ease the countries financial melt down.

For information on global emerging market property investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com
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Polish Conservative Coalition Collapse Prompts Early Election

After months of political turmoil in Poland the dismissal of four cabinet ministers yesterday is clearing the way for early autumn elections.

The Prime Minister and President announced the dismissal of the four cabinet ministers who belonged to the two most unpredictable, populist parties and declared the end of the coalition with the right-wing League of Polish Families and the agrarian Self-Defense party.

The prime minister said ‘Today's changes stem from a change in the political situation, from the end of the coalition's work. There is going to be a shortened term and elections not far off.’

A provisional election date of 21st October has been suggested, two years ahead of schedule, but an air of uncertainty surrounds the government who are currently trailing in the polls and if Law and Justice lose, it would bring an end to the identical twins holding Poland’s most powerful positions. The situation could also harbour the introduction of new laws and bills being passed, including key infrastructure plans for the UEFA European championships in 2012.

Since the fall of communism, no polish government has been re-elected. In 2005, the previous government, which was led by the ex-communist Democratic Left Alliance, was voted out with only 11% in favour. Since the twin brothers Lech and Jaroslaw Kaczynski became President and Prime Minister, respectively, Poland has been in conflict with the European Union. The political differences between Poland and the EU have not dented Poland’s financial prosperity, which has seen consistent economic growth, built on strong ties with the U.S.

The Polish economy has register significant growth with an average GDP of over 12% for the last 5 years and a substantial increase in FDI of around US$6.5 billion. Increased investment has created higher salary jobs, illustrated by a 20% rise in average wages over the last three years. The effect of higher wages consequently boosts individual buying power, further stimulating demand for property investment. High demand with a lack of supply in residential property has resulted in property price rises, a trend which looks set to continue for the foreseeable future.

For more information on Poland and other global investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com Or visit our website: http://www.obeliskinternational.com/

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Obelisk International Names Overseas Property as the Best Option for a Secure Future

News of failing pensions, UK real estate, and property funds research shows that overseas property investment is providing investors with the strong returns.

Pensions:
Fears of an impending pension crisis in the UK have followed on from investment news reports that many older people have not started saving towards retirement. According to figures published by Edward Jones 30% of those aged 45 to 54 and 12% of those over 55 have not yet begun saving for retirement. But nearly 46% of 25 to 34-year-olds and 57% for those aged 35 to 44 have already started saving. Andrew James, a retirement planning manager, said ‘The most worrying aspect is the high proportion of middle aged people who have made no provision for their retirement. They are the very category who will find it most difficult to make adequate provision simply because time is running out.’

Housing:
Inflated house prices with some financiers believing a crash in the housing market, property investment in the UK is becoming a growing concern. A huge number of first time buyers are now taking out 100%-125% loans to meet these costs and landing immediately into the negative equity trap. According to Abbey National the average loan has doubled in last 4 years and statistics show over 6% of homeowners are struggling to meet these payments. In a report by the online mortgage company, MForm, 2 million homeowners are having payment problems and analysts are warning of a slowdown in the market which could indeed make things worse in terms of negative equity.

Property Funds:
Money coming out of the REITS has doubled since the first half of the year with investors fearing a collapse in this market. Statistics from the Association of Real Estate Funds show redemptions have increased from £324m to £641m. Within the past few years investors have placed huge amounts of investment into these funds and have previously received good returns. However, amidst fears of a failing market, a decrease in confidence and changes to the pricing policies, investors’ holdings have been reduced considerably.

Overseas Property:
Moneycorp, the foreign exchange service, have reported that investors can benefit greatly from foreign currency mortgages and confirmed the popularity since the interest rate rise in the UK. These products allow borrowers to take advantage of the low interest rates when purchasing real estate abroad.

Property research from Baydonhill has also shown that 50% of independent financial advisers believe that the overseas property investment provides stronger returns with over 30% of IFA’s experiencing an increase in the sector within the last year. IFA’s also predict that this figure is likely to increase within the next few years as unaffordable prices in the UK prompt investors to look elsewhere. First time buyers are investing in overseas property to get on the first rung of the UK property ladder and an increasing number of those approaching retirement are using this type of investment to fill a pension short fall.

The emerging property market is seeing the best returns and with good advice from experienced brokers, investments can provide very lucrative results.

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Global Property Investment Stands at a Record $382 billion

Jones Lang LaSalle reports interim first half data shows a record $382 billion in deals for the world’s red-hot real estate investment market

In spite of higher borrowing costs in major regions, property bought or sold for investment purposes was up by 16.6% in the same period last year as debt-funded investors’ switched tactics and cash rich investors came to the forefront, JLL said.

‘The increased cost of debt in Europe and North America has led to negative yield spreads in many markets, forcing highly leveraged investors to adopt increasingly opportunistic strategies including development and repositioning of assets,’ Padraig Brown, JLL’s head of global strategy and research, said. ‘Equity investors, with less reliance on debt, now occupy a strong position in competitive bidding against highly leveraged investors,’ he said.

Record volumes were seen in each of the main regions and were expected to remain strong over the remainder of 2007, even as investors became more selective, JLL said in a note.
‘Globally we continue to see a weight of money targeting the sector, evidenced by the record real estate funds raised by Private Equity in recent months,’ Tony Horrell, chief executive of JLL’s European Capital Markets Group, said.

The total investment in America increased by 32% to $170.7 billion, driven largely by private equity takeovers and real estate investment trusts with the subsequent break-up of their portfolios, JLL’s data showed. Brown said he expected U.S. volumes, in the second half to return to ‘more historical levels’ now that some of the larger REIT portfolios had been disbanded and resold.

European investment volumes rose by 4% to $156.6 billion, aided by the strong gains in Germany and France, together with the UK, accounted for two-thirds of all business. Europe experienced a ‘flight in quality’ due to secondary property yields had come down too far, not least in the UK, JLL said.

Asia Pacific region property investment rose by to $55 billion, this was mainly due an increase in cross-border investment. ‘As strong Asian economic growth continues and interest rates in the region remain low, Asia is increasingly becoming the destination of choice for opportunistic international capital and we expect this trend to continue for the remainder of 2007,’ JLL’s note said.

For more information on global investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
Email info@obeliskinternational.com
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Obelisk International launches latest Property Investment The Colony, in Northern Cyprus

Obelisk International announces news on a new development project in Northern Cyprus. The villas at The Colony are based in one of the hottest emerging markets to surface this year

The Colony project represents a fantastic opportunity to invest in an overseas property that offers a short, medium, or long term strategy and therefore gives flexibility for the investor looking for a very strong return.

Situated only 10 minutes walk from the beach the villas at The Colony will appeal to a wide variety of tourists in this popular and expanding part of the island. Lying just a short distance from restaurants, bars, golf courses, spas, casinos and a planned 140 mooring marina The Colony makes an excellent holiday destination as well as a strong investment. The area itself boasts one of the lowest crime rates in Europe and offers some of the finest and safest beaches in the Mediterranean. The government has declared Northern Cyprus as a tax free shopping haven and are now offering travel companies incentives for each visiting tourist and adds to the attraction for this insightful property investment.

The Colony will comprise of 87 detached villas, all with 3 bedrooms and 2 bathrooms, and will certainly appeal to the tourist within the high income, professional market. Obelisk International property investors are presented with a 31% discount of the market value for villas at The Colony and as such Obelisk International is providing clients with an inherent profit from the point of purchase.

The year-round rental yields, based on current market figures, are between 8-12% which is expected to rise as the region draws in further investment. Economic growth in Northern Cyprus is very stable with falling inflation rates, interest rates, and steady exchange rates.
The property market in Northern Cyprus has risen by up to a staggering 700% within 3 years but with property prices still relatively low in the area, compared with other emerging markets, property research experts believe that the prices have a long way to go in terms of profitability for the early investor.

The Colony provides an outstanding opportunity and is exciting news for the emerging market. Project lead Kevin Prior, Obelisk International’s Sales and Marketing Director, commented; ‘The Colony depicts our unprecedented commitment to provide only the best investment opportunities for our clients. This latest project further validates our unsurpassed dedication and obligation to our client’s globally diverse portfolios. The Colony in Northern Cyprus again demonstrates our respected and dedicated approach to investigate, analyse, and assess all aspects of the emerging property sector before moving. It is an exceptional property investment opportunity and in terms of rental income, we believe the high quality villas and the amazing location in Northern Cyprus, will provide a catalyst to escalate client’s profit margins.’

For more information on The Colony and other global investment opportunities contact: Obelisk International on 0808 1600670 info@obeliskinternational.com
Or visit our website

About Obelisk International

Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility and impressive financial performance. Their service to investors is based upon three main principles: price, profit and performance.

easyJet Announces New Route Expansion to Include Bulgaria

Europe’s leading low cost airline, easyJet, announced the addition of seven new routes to be in operation by this autumn.

easyJet’s new route will include connections, to their currently routed destinations, along with the addition of Bulgaria. In a statement easyJet said that there will be 3 services per week from Gatwick Airport to city of Sofia, which is situated near to the ski resorts of Bulgaria. Flights will start from the 6th November this year.

The capital of Sofia is the second oldest city in Europe and has become the heart of the countries’ business and cultural development. The news will not only spur more tourist visitors but will also benefit the increasing international business community. The cities motto ‘Ever growing, never old,' is certainly true to form and has become a firm favourite for cost effective business relocation. The news will also be welcomed by those who have bought Property in Bulgaria, especially in or around Rila Mountain ski and golf resorts. Bulgaria’s accession to the EU in January 2007 has also boosted its appeal as a tourist destination and is a very up and coming destination for property investment.

This news follows on from the announcement that the airline has made plans to introduce additional routes to Romania and Poland, reconfirming easyJets’ growth commitment to the area of Eastern Europe.

The airline also announced services from Liverpool to Innsbruck in Austria, opening up in the height of the skiing season. A new route from Liverpool to Portugal’s Lisbon will also be great news for tourists wishing to get away from the British winter weather.

The seven new routes announced today are as follows:
Gatwick to Sofia and Innsbruck
Liverpool to Innsbruck and Lisbon
Geneva, Basel and Milan to Marrakech
Basel to Oporto

For more information on global investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com

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East Australia’s Cities Are Now Entering a New Property Investment Growth Cycle

Local and international investors are showing renewed interest in the east coast Australian property market as record vacancy rates continue to drive up rental returns.

Property research shows that within the last 5 years, Perth has shown excellent growth but the major cities on the east coast, such as Adelaide, Brisbane, Melbourne and Sydney have been not been so lucky. However, there is now a clear indication that these cities are becoming the countries new property hotspots.

On the whole, Australia’s average returns have been excellent and investment news has shown that direct property investment has outperformed shares on gross return. Property investment has in fact grossed at 10% return per annum and with a very low risk factor property assets are very favourable.

Although the market is near the bottom of the investment cycle there are obvious signs of an upward turn. The last quarter growth figures backed up local media news who have picked up on this growth phase and encouraging people to purchase early.

On the macroeconomic level, Australia is looking very strong in terms of growth, high employment rates and early indications suggest that mid to long term interest rates are very positive. Another factor aiding Australia’s economic growth is the high level of immigration, with over 0.5 million permanent arrivals last year, which all makes for a very prosperous and sound property investment market.

Now the demand for property is outweighing the supply, the previously flat property market is now coming to an end. Reports suggest that in the medium term the development will struggle to keep up with the supply but in turn will raise rental yields and property values which is all good news for the real estate investor. The Australian government encourages not only local but offshore investors, although they have adopted non-resident investment management restrictions. Non-residence finance is available and as the taxation and legal system is very similar to the UK system the whole property investment process is easy to follow and understand for UK property investors.

For more information on other global investment opportunities contact: Obelisk International on 0808 1600670 info@obeliskinternational.com
Or visit our website http://www.obeliskinternational.com/

About Obelisk International

Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility, and impressive financial performance. Their service to investors is based upon three main principles: price, profit, and performance.

European Property Investment up by 9% to € 120.7 billion

Jones Lang LaSalle report the demand for property within the EU is remaining strong and figures are consistently rising.

According to investment news from Jones Lang LaSalle, overseas property investment within Europe, in the first half of this year, rose by 9% to €120.7 billion with demand set to continue in 2007. The European Capital Markets Bulletin continued to state that the UK is expected to start falling behind the rest of the continent. Even so, 34% of the capital volumes came from the UK with sales up 4% to €40.6 billion.

Property research also shows that real estate sales in Germany came in 2nd and rose to €26.6 billion by year end 2005, up by 25%. In 3rd place came France in terms of the volume of direct investment with a total of €15 billion and the Netherlands recording their highest figure to date of €6.6 billion.Tony Horrell, the chief executive of European Capital Markets at Jones Lang LaSalle, said that he expects investment demands across continental Europe to ‘remain strong’, There are still vast levels of capital, that have been raised within the year, specifically for the European property market.

Mr Horrell did however ere on the side of caution remarking that the rate should slow down, by the end of the year, commenting that; 'Following a record start to the year we see 2007 as another strong year of investment volumes, supported by positive rental growth and good occupier demand,' he said. 'However, we do foresee a two-speed market emerging, with a slower pace of investment activity in the UK compared to continental Europe.'

For more information on European and Global investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
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Obelisk International Receive Breaking News on £-THB Exchange Rate

Analytical assessment provided to Obelisk International by Xchange Business shows the Thai Baht is a strong leader in the worlds currency market.

‘The last few months has seen heavy stock market investment in Thailand result in a surge in the value of the Baht, making it the 3rd strongest currency in Asia this year.’

‘A move overnight by India to curb overseas borrowing being repatriated to an already strong rupee, has seen a knock on sell off effect in the Thai baht. From trading under 61.00 THB to the pound at this time yesterday, we are now looking at a current spot rate of 62.05. This is off the highs seen in early European trading, but still represents a potentially encouraging shift in sentiment. With global equity markets already showing signs of risk aversion, any subsequent measures to ensure the initial knee jerk reaction in currency markets is sustained, will come as welcome relief to the Thai authorities.’

‘From a technical perspective, should £-THB manage to overcome resistance around 63.25, being the 50% re-tracement of the fall in the value of sterling from mid May to late July, the signs would be encouraging for further gains into the 64.00/65.00 zone.’

David Lamb
Head of Business Client Services
Xchange Business

Obelisk International recognises that Cape Verde Property investment is Not Green When it Comes to Drawing in Investors

Latest Cape Verde government figures project a consistent year round tourism growth of 20% resulting in a very positive outlook for Cape Verde property investment and the islands economy.

Tourists are not only enticed by the white sandy beaches and tropical temperatures but also by the eclectic mix of European administration and a colourful West African culture. The country itself is politically stable, relatively crime free, efficient and technogically advanced. Cape Verde property investment offers a very unique and lucrative opportunity.

The Island’s government certainly appreciates the rich cultural melting pot and as such, are ensuring that good, solid foundations within tourism and construction are encouraged. Many airlines, including charter flights, are now flying direct from the UK. This onset is expected to have a huge impact on Cape Verde property investment market which has already seen prices close to doubling within a space of a year.

‘Cape Verde is looking like a very interesting prospect, as tourism levels soar and the introduction of mortgages opens the floodgates to investors, simultaneously mortgages are becoming increasingly competitive and lenders are requiring smaller deposits for property purchases. Consequently, investors are able to leverage their money more effectively, investing less, borrowing more and therefore as a result of gearing, benefiting from much higher overall returns on cash invested.’ commented Stuart Law, Assetz managing director.

Developers are building within government guidelines, which stipulate that the island does not become overrun with high rise apartment buildings. This strategy is enticing overseas property investors and other capital funds, which will aid the progression of the islands and bring the local economy a welcomed boost. Currently, away from the resorts, the Islands’ infrastructure is being greatly improved by the renewed income from tourism and property development and thus improves the local people’s standard of living.

The climate of Cape Verde means that year-round rental is possible and also appeals to a wide range of visitors, due to the diversity of the islands culture and landscape. Today's buyers are getting in right from the start, so they stand to benefit the most from the sharp increase in property values which are set to continue as the local infrastructure improves. Being part of Africa, Cape Verde property investment can offer a rare opportunity for the property investor to capture the medium to high disposable income market.

For more information on Cape Verde property investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com

Obelisk International Identifies Northern Cyprus Property as one of the hottest emerging markets

The Northern Cyprus economy has grown substantially in recent years and property investment news suggests that overseas property investors are among the principal beneficiaries.

Tourism has been racing upwards since the year 2000, and Northern Cyprus and attracting huge numbers from the EU and further abroad. There has been an average annual increase of 6.2% in tourist numbers over the last 4 years. This rapid increase in tourism, coupled with the rise in property prices across Northern Cyprus, has meant that the demand for holiday rentals is set to grow at a rapid rate over the next few years.

The City of Famagusta and its surrounding towns are receiving marked attention from property developers. Ideally located only 30 minutes from Ercan Airport and 40 minutes from Larnaca International airport, both of which offer a choice of carriers, including; BA, BMI and Cyprus Turkish Airlines. The town of Bogaz, in particular, is steeped in history, plays host to some of the most stunning beaches, offers a retreat from the hustle and bustle of the south and for avid golf players there is a £7.25 million, Arne van Amer-ongen designed, championship golf course, all within the area. Bogaz is drawing in huge property investment, mainly for prestigious, high quality developments and coupled with the travel operators receiving government sponsored incentives, tourism growth is set to continue and flourish.

The Northern Cyprus economy, which grew by 10.6% in 2006, has been fuelled by the growth in the construction sector as well as tourism. Economic growth in Northern Cyprus has averaged 10-11% per annum during 2003-2007. Furthermore, the news that Cyprus will be switching its currency to the Euro in 2008 has already made an impact on Northern Cyprus. Income and property prices are now at the same levels as the south. In 2004, the EU alone invested £175.4 million in Northern Cyprus to facilitate trade and development and strengthen its economic ties to the EU. Turkey will invest some £275 million of funds over the next few years which will have a positive impact on real estate prices and make for an exciting time for property investment.

Applications made by foreign nationals, for Northern Cyprus property amounted to a total area of 2.1 million m2 in 2004 compared with only 309,000 m2 in 2001, an increase of 580%. The value of property sales in 2004 reached a staggering £983 million with rental yields of around 8-12% to be expected. The increased demand for housing and the tourists visiting from the south has boosted the Northern Cyprus investment market immensely. Property prices rose by 46% between the first half of 2003 and the first half of 2006 and the average land value rose by a massive 417% to 700%. Despite this immense growth rate, Northern Cyprus property prices are still much lower than the rest of Europe, especially when compared to other emerging markets and offers some serious returns.

For more information on global investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com

Eastern Europe Property Investment is Still Seeing Huge Profits

After years of financial neglect, investment news from Eastern Europe shows that real estate remains consistent in terms of year on year growth

With new bullish figures quoting profits between 20-30% it is no wonder that Western Europeans, a large majority of which are British, are still favouring the lucrative buy-to-let market in the east.

According to the National Housing Federations property reports, the average house price in the UK is forecast to exceed £300,000 within the next 5 years. The NHF also warned that houses were now 11 times the average wage and we could see a massive 40% price rise within the same period. In this current climate it is no surprise that property investments are being made elsewhere in more profitable environments.

Bulgaria has seen a massive influx of investment, in the last few years and is currently in the last stage of the emerging market process. This stage means that developers have increased liquidity and as such are able to create top quality, affordable builds that appeal to the more discerning investor. The mortgage evolution, which allows investors to take advantage of excellent products, exchange rates and interest rates adds to the attraction of property in Bulgaria.

With a marked number of companies relocating to the emerging Eastern European markets, big city property in Poland, Slovakia, Hungary and Romania are all becoming major players for this latest target market. The property developers, within these areas, have not only concentrated on the commercial property aspect but also the high end luxury rental opportunities.

In conclusion, the property investment growth, within these areas, is very much available to either the first time or the seasoned investor looking for a big profit margin.

For more information on global investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com

Olympic Size Cash Injection will be Great News for China’s Real Estate Investments

Preparation for the 26th Modern Olympics is already in full swing and massive spending will ensure that Beijing’s development will sprint into 2008

In terms of infrastructure, Beijing is spending an estimated $35-40 billion in preparation for the Games and an extra $2.1 billion the upkeep of these services. This will provide a major boost to local employment, by creating tens of thousands of jobs and in turn, increased public spending.

The games will also demand vast quantities of accommodation, on a variety of scales, as half a million visitors arrive in August next year. According Morgan Stanley Beijing should not experience an economic downturn, which has happened in some countries, after the Olympics. This is due to the relatively low GDP that city currently generates. Property research showed that individual investors believe that Beijing's property investment market has nowhere to go but higher, faster and stronger in the coming year.

Beijing's spending on new subways, roads, and stadiums is not the exception to the rule. China, on the whole, is in the middle of a wider urbanisation process with $198 billion has been earmarked for the expansion of the railway system by 2010 – almost five times the amount that is being spent on Beijing's infrastructure.

Chinas’ economy has strengthened dramatically in recent years with an annual growth of 11.9%, the fastest within the last 12 years. "The Olympics will help increase demand to some extent, but they themselves won't have an impact in terms of expanding economic capacity," said Song Guoqing, chief economist with the China Stock Exchange Executive Council.

Some analysts foresee the Games influencing the fortunes of the world's fourth-largest economy and taking a long-term view, the economic input will focus more on the quality as opposed to quantity, said Chen Xingdong, chief economist with BNP Paribas Peregrine in Beijing.

For more information on global investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com

Economic Growth and a Booming Tourism Industry, Argentina’s Property Market spurs Real Estate Investment

Property research experts foresee that the overall economic growth in Argentina, will increase FDI and further property development

According to La Nación, the Argentinean newspaper, plane tickets to the country are in very high demand. Economy fares to Buenos Aires are selling out quickly and 5 star hotels are running at 95% occupancy. In 2006 tourism related jobs were up by 3,000 and a predicted 12% of workers will be within the tourism industry by 2010.

Investment news states that devaluation values are returning to pre 1997 and will continue to rise. Property prices are stabilising, with a steady increase, are all good signs for the Argentina Economy has received a boost with an estimated growth of 8.5% last year. All of this signals that Argentina property investment is looking profitable.

Rental properties are still relatively scarce and therefore in high demand, by both the tourist and the local people. Along with the property values, rental prices have also increased and recovered substantially during the last year.

Argentineans take their holidays during the European winter months and therefore the property investor should expect a consistent rental flow. Argentineans have expressed a strong demand for resort style living which has pushed prices within these developments by 15-20% in the best locations. On a broad scale, an average increase of a 10% on property prices have been achieved by many areas in and around the main cities, towns and coastal resorts.

For more information on global investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com

Auckland, New Zealand see’s rapidly expanding house prices

With a marked shortage of land, property prices in and around Auckland are seeing a major hike and the need for high rise housing

Demand for property in Auckland is greater than the supply as thus
a huge knock on effect on the property prices. The government census showed that the population has grown faster than the property development between 2001 and 2006.

In a recent property report, by the economic researcher Motu, the biggest factor halting construction in Greater Auckland is the lack of land within the area. With the population estimated to hit 2m by 2050 the people of Auckland may not have a choice in where they live.

The shortage of land is not helped by the preference for detached housing but experts predict that in the future this preference will no longer be an option. Property investment into high density real estate or extending the green belt boundaries may be the only alternative to the lack of supply. This idea has been met by strong opposition from the local communities but the councils have recognised that this issue cannot be ignored.

This property news should be very much welcomed by current property investors or those currently considering real estate investment in Auckland. The property research figures published for 2000 -2005 showed an increase of 139% with construction costs rising by only 12%. If the experts are correct, the introduction of high rise apartment buildings will be a necessity for Auckland and along with the relatively low cost construction process should provide a nice investment for the global property investor’s portfolio.

For more information on global investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com

Dominican Republic Property a Caribbean Dream with Year Round Profits

A popular destination for UK & USA tourists, Dominican Republic property reports suggest hot profits in the rental market

Visitors to the Dominican Republic can already benefit from a stunning year-round climate, crystal clear blue seas and long stretches of pure white sand. But now more benefits are emerging as the island is re-marketed as an exciting new investment property hot spot.

From an investment news perspective, the high rental values the Dominican Republic enjoys could ensure a consistent profitability. The Dominican Republic has also been placed in the Channel 4’s Top Ten Emerging Property report, which portrays the island as a firm favourite with the overseas investment experts. This enthusiasm is also being expressed by TV property expert Zilpah Hartley, who has reported that property values are up 20% within a space of a year.

The Dominican Republic is home to multi-billion dollar residential developments and as Zilpah Hartley reports, you can purchase within these high quality developments "without breaking the bank." According to property reports, in The Independent newspaper, new builds in the exclusive resorts can cost as little as half the price of a home in the UK or Ireland for a one or two bed-roomed apartment.

In response to the real estate projects, a recent investment of around £2.5 million into the infrastructure of the island will help attract more property investment. Zilpah added that "development and investment have hit new highs with upgrades to international airports and roads and the creation of new golf courses".

This has bolstered a thriving tourist industry and with seven international airports, with a multitude of airlines travelling to the island, it is no surprise that tourism numbers are increasing by an average of 6% per annum.

For more information on global investment opportunities and to find
out about Obelisk International’s latest projects, contact:
Obelisk International on 0808 1600670 or info@obeliskinternational.com

Supply is well matched with the demand for Dubai properties investments

Property research shows that Dubai property is cheaper in global terms but set to increase in relation to property values and rental prices

Dubai property could well be compared to Singapore in terms of rental prices but in contrast Singapore purchase prices are a lot higher. The Dubai property market has yet to adjust to the global interest rates and therefore the rental prices, so far, have remained static. This may be due to the underdeveloped mortgage market, with most Dubai property investors still purchasing with cash.

Although it may be a little early to draw some definitive conclusions, however property news indicates an adjustment is almost certain. Dubai banks are set to develop the mortgage lending facilities to similar world levels and with the expansion of localised credit could result in raised property prices.

The current rental yield for Dubai property is relatively high by global standards, at 7% to 10% and property reports are also leaning towards a hike in property prices. The Dubai Statistic Department property report stated that an extra 30,000 to 35,000 units of accommodation are required for the increased population and demand in Dubai. The Dubai property investment market is showing no signs of cooling down especially with rentals and the expenses associated with rental properties. The other driving force in the market is a marked increase in the number and frequency of mid-end home buyers are entering into the market.

For more information on property investments and to find out about Obelisk International’s forthcoming projects contact
+34 952 820 319 or info@obeliskinternational.com

The Future is Looking Very Sunny for Property Investors in the Costa del Sol.

New government infrastructure plans and strong tourism figures, put pays to the unforgiving property investment news in the Costa del Sol.

In 2006, a property report from the Spanish Ministry of Housing showed property prices in Southern Spain are still enjoying strong increases. Andalusia, predominantly the province of Málaga, showed 11% growth within a 12 month period. The tourist board has also revealed that 2006 was the best year for tourism within a 10 year period, with hotel occupancy up by 3% in July 2006. Huge scale infrastructure, across various forms of transportation, will also assist further future growth.

€900 million modernisation of Málaga airport:
Málaga, the fourth busiest airport in Spain, handled 13,076,252 passengers in 2006 with indicators suggesting a further rise of 20 million passengers by 2015. The airport will have a new 3rd terminal, coach station and car park by 2008 and a second runway in place by 2010.

€1,100 million tender for a new direct train line:
The new train line to be constructed between Malaga and Marbella will be 80% underground to avoid disruption to housing, and will be complete within three years. The new railway will accommodate high speed trains to allow passengers to travel from Madrid to Malaga to Marbella without the inconvenience of a connecting train.

New underpass and tunnel:
The 1km San Pedro underpass finally began work in January and is already easing congestion. Within three years Spain & Tangier (Morocco) will become accessible via a 39km under water tunnel. The connection of the two continents will open up all manner of possibilities including the ability to travel from Scotland to Morocco solely by train.

More importantly for the property investor is the introduction of a flat rate Capital Gains Tax, reduced to 18% for non residents from the previous extortionate rate of 35%. This is set to reinvigorate the resale market with vendors being more open to offers.

For more information on property investments and to find out about Obelisk International’s forthcoming projects contact
+34 952 820 319 or info@obeliskinternational.com