Tsars and Russian royalty have been enchanted by the Black Sea for decades, seduced by its stunning coastline and rugged mountain ranges. A melting pot of cultures, the Crimea has been by turns an annexe to imperialist Russia, a key chess piece in the Byzantine empire and the end of the Great Silk Road.
Today, its charms are a well-guarded secret but with the construction of the first major, self-contained holiday resort, the Crimea is also a wonderful destination for a short break and an attractive market for overseas property investors.
Populated by wealthy Ukrainian, Russian and Polish tourists as well as an influx of holidaymakers from the CIS states, the Crimea is a prestigious destination for eastern Europeans enjoying their newfound wealth, a legacy of rising energy prices, strong economic growth and low tax.
Overseas property specialists David Stanley Redfern Ltd is one of the first developers to introduce apartments coupled with extensive leisure facilities and property management services. Releasing is offered at competitive prices placed below the local average. An expensive destination, accommodation prices in Crimea typically exceed other markets in the region such as Bulgaria.
Designed as a self-contained resort, apartment prices start at €45,000. Property in the resort will be offered to the Western market, before release to Eastern ones, at lower price. This is an exceptional advantage rarely available in other markets.
Anticipated for release in the first quarter of 2008, investors can pre-register their interest at
http://www.davidstanleyredfern.com/Ukraine-Coastal_Ukraine.aspx
Saturday, 25 August 2007
Second Stage Of Ukraine Development Goes Live
If you’re not already enjoying capital gains of 30%, extremely low taxes and excellent rental yields, you haven’t yet considered the Ukraine and its first off plan ski resort, Eagle Valley.
In the heart of the Carpathian Mountains, phase one of the development has just a few units remaining. Overseas property investors can register their interest for phase two online with David Stanley Redfern Limited, a vital resource for anybody looking to buy land or property worldwide.
“The Ukraine is an up and coming destination with a well developed infrastructure and wonderful scenery,” said David Redfern, managing director.
Eagle Valley Ski Resort has been developed due to the overwhelming demand for good quality accommodation with en-suite facilities and a range of on-site amenities in the popular Slavsk ski resort. Already a favourite with Ukrainian and Russian tourists, the resort is oversubscribed with a basic room with no en-suite facilities commanding around 100 dollars a night.
Chic and comfortable, Eagle Valley is the antithesis of this with high-end fittings in every property and a spacious outdoor living area boasting fantastic views across private parkland to the mountains beyond.
The second stage of the development goes live in just eight weeks time, register your interest now at www.davidstanleyredfern.com
To view images of these and other properties in Ukraine and see location maps with Google Earth, visit http://www.davidstanleyredfern.com/Ukraine-Eagle_Valley_Mountain_Resort.aspx
In the heart of the Carpathian Mountains, phase one of the development has just a few units remaining. Overseas property investors can register their interest for phase two online with David Stanley Redfern Limited, a vital resource for anybody looking to buy land or property worldwide.
“The Ukraine is an up and coming destination with a well developed infrastructure and wonderful scenery,” said David Redfern, managing director.
Eagle Valley Ski Resort has been developed due to the overwhelming demand for good quality accommodation with en-suite facilities and a range of on-site amenities in the popular Slavsk ski resort. Already a favourite with Ukrainian and Russian tourists, the resort is oversubscribed with a basic room with no en-suite facilities commanding around 100 dollars a night.
Chic and comfortable, Eagle Valley is the antithesis of this with high-end fittings in every property and a spacious outdoor living area boasting fantastic views across private parkland to the mountains beyond.
The second stage of the development goes live in just eight weeks time, register your interest now at www.davidstanleyredfern.com
To view images of these and other properties in Ukraine and see location maps with Google Earth, visit http://www.davidstanleyredfern.com/Ukraine-Eagle_Valley_Mountain_Resort.aspx
Eagle Valley – Last Few Units Remaining
The Ukraine has become one of the most desirable emerging property markets in Europe with just a few units remaining at Eagle Valley, the country’s premiere ski resort in the heart of the Carpathian Mountains.
Available to UK investors through David Stanley Redfern Limited, Eagle Valley is a modern development designed to appeal to the discerning tourist wanting to escape overcrowded slopes in more established resorts such as the French Alps.
The first off-plan Ski apartment in the Ukraine, Eagle Valley commands excellent views of the ski runs and the resort of Slavsk. From studio apartment to five bedroom maisonette, each property incorporates a spacious outdoor living area, affording excellent views across the resort and over the mountain range.
Located at the foot of the slopes, the ski runs in the Carpathian mountains are currently being developed to include snowboard facilities but cater for all levels of skier. On-site draws include an indoor swimming pool, fully equipped gymnasium, sauna, massage centre, solarium, landscaped gardens, onsite parking, private ski lockers, twenty-four hour security and restaurants.
A vast swath of parkland sits in front of the apartment complex, affording unspoilt enjoyment and complete peace and serenity whilst in the resort.
With phase one almost complete, just a few apartments remain at Eagle Valley. Those already owning property at Eagle Valley are benefiting from average capital growth of 25% and low taxes.
To view images of these and other properties in Ukraine and see location maps with Google Earth, visit www.davidstanleyredfern.com/Ukraine.aspx
Available to UK investors through David Stanley Redfern Limited, Eagle Valley is a modern development designed to appeal to the discerning tourist wanting to escape overcrowded slopes in more established resorts such as the French Alps.
The first off-plan Ski apartment in the Ukraine, Eagle Valley commands excellent views of the ski runs and the resort of Slavsk. From studio apartment to five bedroom maisonette, each property incorporates a spacious outdoor living area, affording excellent views across the resort and over the mountain range.
Located at the foot of the slopes, the ski runs in the Carpathian mountains are currently being developed to include snowboard facilities but cater for all levels of skier. On-site draws include an indoor swimming pool, fully equipped gymnasium, sauna, massage centre, solarium, landscaped gardens, onsite parking, private ski lockers, twenty-four hour security and restaurants.
A vast swath of parkland sits in front of the apartment complex, affording unspoilt enjoyment and complete peace and serenity whilst in the resort.
With phase one almost complete, just a few apartments remain at Eagle Valley. Those already owning property at Eagle Valley are benefiting from average capital growth of 25% and low taxes.
To view images of these and other properties in Ukraine and see location maps with Google Earth, visit www.davidstanleyredfern.com/Ukraine.aspx
Snow White, Sky’s Bright
Overseas investment property specialist, David Stanley Redfern Limited is giving property investors the chance of summer everlasting with a brand new development in the enchanting Finnish region of Lapland.
Home of Santa Claus, reindeer and a purpose built Arctic ski resort with more than fifty runs for winter sports aficionados of all ages and abilities, the Snow White Aurora Sky Hotel complex is exclusively available in the UK through David Stanley Redfern Limited.
Famed for the otherworldly effect of the midnight sun, investors purchasing accommodation at Aurora Sky will benefit from a truly unique tourist draw – a single summer day lasting more than three months as the sun refuses to dip below the horizon for several weeks.
A five star complex, the Snow White Aururo Sky development comprises 85 luxury suites, fully furnished and equipped with magnificent views of the Yllas-mountain and direct access to the ski slopes.
Located at the foot of the downhill runs, the Aururo Sky Hotel complex apartments cater for every detail and are purchased with everything needed for immediate rental occupation, including a complete set of dishes and linen for all guests. Catering, cleaning and marketing services are offered as part of a maintenance package. All apartments have balconies with icy vistas and are comfortably equipped with extensive home entertainment centres including a TV, DVD, radio and internet connection.
The purchase price also includes all white goods such as cooker, washing machine and fridge.
The hotel itself houses a restaurant and a descending terrace bistro. A fully equipped spa and wellness centre occupies its own site within the development with day packages and more extensive programmes for those wanting to pamper and indulge after a day skiing, on reindeer safari or simply exploring the surrounding areas.
Deriving from traditional Laplandish fells hotels and modern Finnish architecture, the Snow White Aururo Sky hotel combines a high-class experience with relaxed atmosphere, functional apartments and high-end interior design.
Apartment prices start at €136,094.
To view images of these and other properties in Finland and see location maps with Google Earth, visit www.davidstanleyredfern.com/Finland.aspx
Home of Santa Claus, reindeer and a purpose built Arctic ski resort with more than fifty runs for winter sports aficionados of all ages and abilities, the Snow White Aurora Sky Hotel complex is exclusively available in the UK through David Stanley Redfern Limited.
Famed for the otherworldly effect of the midnight sun, investors purchasing accommodation at Aurora Sky will benefit from a truly unique tourist draw – a single summer day lasting more than three months as the sun refuses to dip below the horizon for several weeks.
A five star complex, the Snow White Aururo Sky development comprises 85 luxury suites, fully furnished and equipped with magnificent views of the Yllas-mountain and direct access to the ski slopes.
Located at the foot of the downhill runs, the Aururo Sky Hotel complex apartments cater for every detail and are purchased with everything needed for immediate rental occupation, including a complete set of dishes and linen for all guests. Catering, cleaning and marketing services are offered as part of a maintenance package. All apartments have balconies with icy vistas and are comfortably equipped with extensive home entertainment centres including a TV, DVD, radio and internet connection.
The purchase price also includes all white goods such as cooker, washing machine and fridge.
The hotel itself houses a restaurant and a descending terrace bistro. A fully equipped spa and wellness centre occupies its own site within the development with day packages and more extensive programmes for those wanting to pamper and indulge after a day skiing, on reindeer safari or simply exploring the surrounding areas.
Deriving from traditional Laplandish fells hotels and modern Finnish architecture, the Snow White Aururo Sky hotel combines a high-class experience with relaxed atmosphere, functional apartments and high-end interior design.
Apartment prices start at €136,094.
To view images of these and other properties in Finland and see location maps with Google Earth, visit www.davidstanleyredfern.com/Finland.aspx
Falling For Finland
A gateway between east and west, Finland’s maturing tourist appeal has given rise to a fledging property market, attracting investors from Russia and Europe. The only surprise says overseas investment property specialist, David Stanley Redfern Ltd is that the nation’s Nordic charms have lay dormant for so long.
“There seems to be no limit to the demand for tourist accommodation, particularly in eastern regions and the northern Lapland,” commented David Redfern, managing director. “Despite this, UK investors have been slow to cotton on to Finland’s wintery appeal. With world class ski slopes and amazing array of outdoor activities, the area is primed for a tourist boom. Occupation figures from Russian tourists alone have shown a dramatic upturn this year, rising by 30% so far.”
A land of icy vistas, pristine natural environments and stunning seasonal contrasts, Finland is by turns both unspoilt and thoroughly modern. In Lapland, an area perhaps the most accustomed to foreign visitors, property owners are spoilt for choice when it comes to marketing their newly acquired property. Exceptional skiing facilities and all-year round golf are standard draws for property owners as niche tourism guarantees excellent rental yields. In Finland, exceptional means world championship ski runs, snowboard facilities, a spectacular purpose built Arctic ski resort and dazzling plains of snow for six months of the year.
“Lapland offers very exciting and potentially lucrative prospects to any buy to let investor,” said David Redfern. “The Levi ski station is a rising winter playground boasting more than 50 slopes catering to every level of ability. Where most destinations would be happy with such a stunning facility, Levi houses more than 52 active tourism concerns, ranging from husky rides and reindeer safari to hot air balloon rides and arctic fishing.”
A land of midnight sun and northern lights, the sun doesn’t dip below the horizon for several weeks in mid-summer, allowing non-winter attractions to take centre stage. In Utsjoki, a single, summer day lasts for over two months ensuring high summer occupation figures for property owners as adventurous tourists visit northern Finland to witness the phenomenon and then stay to sample the unpolluted rolling fells, modern cultural displays, rowing, pampering saunas and modern urban attractions.
David Stanley Redfern Limited is the exclusive agent for the Snow White Aurora Sky hotel complex. The 85 luxury suites are fully furnished with views of the Yllas-mountain and direct access to the ski slopes. Prices start at €136, 094.
To view images of these and other properties in Finland and see location maps with Google Earth, visit www.davidstanleyredfern.com/Finland.aspx
“There seems to be no limit to the demand for tourist accommodation, particularly in eastern regions and the northern Lapland,” commented David Redfern, managing director. “Despite this, UK investors have been slow to cotton on to Finland’s wintery appeal. With world class ski slopes and amazing array of outdoor activities, the area is primed for a tourist boom. Occupation figures from Russian tourists alone have shown a dramatic upturn this year, rising by 30% so far.”
A land of icy vistas, pristine natural environments and stunning seasonal contrasts, Finland is by turns both unspoilt and thoroughly modern. In Lapland, an area perhaps the most accustomed to foreign visitors, property owners are spoilt for choice when it comes to marketing their newly acquired property. Exceptional skiing facilities and all-year round golf are standard draws for property owners as niche tourism guarantees excellent rental yields. In Finland, exceptional means world championship ski runs, snowboard facilities, a spectacular purpose built Arctic ski resort and dazzling plains of snow for six months of the year.
“Lapland offers very exciting and potentially lucrative prospects to any buy to let investor,” said David Redfern. “The Levi ski station is a rising winter playground boasting more than 50 slopes catering to every level of ability. Where most destinations would be happy with such a stunning facility, Levi houses more than 52 active tourism concerns, ranging from husky rides and reindeer safari to hot air balloon rides and arctic fishing.”
A land of midnight sun and northern lights, the sun doesn’t dip below the horizon for several weeks in mid-summer, allowing non-winter attractions to take centre stage. In Utsjoki, a single, summer day lasts for over two months ensuring high summer occupation figures for property owners as adventurous tourists visit northern Finland to witness the phenomenon and then stay to sample the unpolluted rolling fells, modern cultural displays, rowing, pampering saunas and modern urban attractions.
David Stanley Redfern Limited is the exclusive agent for the Snow White Aurora Sky hotel complex. The 85 luxury suites are fully furnished with views of the Yllas-mountain and direct access to the ski slopes. Prices start at €136, 094.
To view images of these and other properties in Finland and see location maps with Google Earth, visit www.davidstanleyredfern.com/Finland.aspx
Wednesday, 8 August 2007
Overseas investment property specialist David Stanley Redfern Ltd has added a land of paradise to its property portfolio.A Swiss-style Disneyland in the heart of the stunning Laurentian Mountains, the Rouge River development is one of the most prestigious addresses in Quebec with property prices expected to quadruple in the coming years.
Billed a land of paradise by current home owners, the exceptionally beautiful resort is a particularly desirable destination due to its abundance of outdoor pursuits."Whether you prefer to pass your days on the wonderful ski slopes inches from the house, laze away the evening hours enjoying stunning vistas across the mountain range or work up an appetite with hiking, canoeing, fishing or swimming, River Rouge has it all,” said David Redfern, director of David Stanley Redfern Ltd. "The hiking trails and riverbank run right through the development land, giving unprecedented access to the great outdoors."
The River Rouge development overlooks the waterway of the same name and enjoys unobstructed views of the riverbank. The million dollar views can be appreciated from the development's many amenities although property owners are invited to bring their own boats, caravans and campervans.Property owners are automatically granted a license for the river to fish, swim, boat, canoe, kayak, picnic and hike.
Famed for its magnificent range of outdoor pursuits, investors in the Rough River development will also benefit from the 100mile bicycle, skidoo and ski trail which weaves a path through the forest at the side of the river.Just five minutes from a neighbouring multi-million dollar development, investors can choose from a selection of plots on which to construct a custom designed property or select a new build lodge or chalet.
Million Dollar PotentialLike the developer constructed properties, the plots are surrounded by some of Canada's best scenery and benefit from their proximity to the neighbouring million dollar builds. With homes being snapped up, experts predict land and property in River Rouge will double, triple and quadruple in value in the next few years.
Ready for immediate occupation upon completion, the lodges are wood sided, blending seamlessly with the surrounding countryside and forested areas. A 1 acre plot of land starts at just $39,000.A quiet favourite of property investors, Canada features highly on the connoisseur's list of favourite destinations. An intriguing blend of sprawling wilderness and cutting edge metropolis, the eastern (Maritime) provinces have an outdoors way of life, complemented by property prices that are considerably lower than Britain's.
Although the waterfront River Rouge development sits in the heart of the imposing Laurentian Mountains, it is only minutes away from shopping malls, first class restaurants, bars, cinemas, a number of championship golf courses and several fully equipped hospitals.To view images of River Rouge and for full specifications, visit http://www.davidstanleyredfern.com/Canada.aspx
Billed a land of paradise by current home owners, the exceptionally beautiful resort is a particularly desirable destination due to its abundance of outdoor pursuits."Whether you prefer to pass your days on the wonderful ski slopes inches from the house, laze away the evening hours enjoying stunning vistas across the mountain range or work up an appetite with hiking, canoeing, fishing or swimming, River Rouge has it all,” said David Redfern, director of David Stanley Redfern Ltd. "The hiking trails and riverbank run right through the development land, giving unprecedented access to the great outdoors."
The River Rouge development overlooks the waterway of the same name and enjoys unobstructed views of the riverbank. The million dollar views can be appreciated from the development's many amenities although property owners are invited to bring their own boats, caravans and campervans.Property owners are automatically granted a license for the river to fish, swim, boat, canoe, kayak, picnic and hike.
Famed for its magnificent range of outdoor pursuits, investors in the Rough River development will also benefit from the 100mile bicycle, skidoo and ski trail which weaves a path through the forest at the side of the river.Just five minutes from a neighbouring multi-million dollar development, investors can choose from a selection of plots on which to construct a custom designed property or select a new build lodge or chalet.
Million Dollar PotentialLike the developer constructed properties, the plots are surrounded by some of Canada's best scenery and benefit from their proximity to the neighbouring million dollar builds. With homes being snapped up, experts predict land and property in River Rouge will double, triple and quadruple in value in the next few years.
Ready for immediate occupation upon completion, the lodges are wood sided, blending seamlessly with the surrounding countryside and forested areas. A 1 acre plot of land starts at just $39,000.A quiet favourite of property investors, Canada features highly on the connoisseur's list of favourite destinations. An intriguing blend of sprawling wilderness and cutting edge metropolis, the eastern (Maritime) provinces have an outdoors way of life, complemented by property prices that are considerably lower than Britain's.
Although the waterfront River Rouge development sits in the heart of the imposing Laurentian Mountains, it is only minutes away from shopping malls, first class restaurants, bars, cinemas, a number of championship golf courses and several fully equipped hospitals.To view images of River Rouge and for full specifications, visit http://www.davidstanleyredfern.com/Canada.aspx
Be A Part Of The Boom In Berlin
Cosmopolitan and cultured, Berlin is booming with property being snapped up for half the price of comparable builds in destinations such as Prague and Munich.Despite great value property prices – David Stanley Redfern Ltd has one bedroom apartments in North-East Berlin from just €25,618 - only 12% of Berliners own their property compared with over 20% in Hanover, Hamburg, Munich and Stuttgart.
"Berliners have yet to embrace the idea of owning their own property which is great news for overseas investors," says David Redfern, managing director of overseas investment specialists, David Stanley Redfern Ltd. "Our team of investment advisors have calculated yields of 5,33 - 7,1%."
Extensively renovated and refurnished with new kitchens, bathrooms, flooring, windows and extra large French windows, the Hellersdorf properties also benefit from communal gardens and exterior children's play areas.Well suited for a commuter property on a long term lease basis, the surrounding area is well connected to local transport links.
The apartment complex itself lies metres away from the underground station, taking travellers directly to the Alexanderplatz and the heart of Berlin.Berlin represents great value for property investors looking for a well-known destination at an emerging market price level.Private equity funds have invested approx 35 billion euros in the German Property market in the last five years. Investors include names such as Goldman Sachs, Morgan Stanley and Terra Firma. Fortress (an American private investment firm) bought 48,000 apartments in Dresden for 1.7 billion euros in March, 2006.
Find out more at: http://www.davidstanleyredfern.com/Germany.aspx
"Berliners have yet to embrace the idea of owning their own property which is great news for overseas investors," says David Redfern, managing director of overseas investment specialists, David Stanley Redfern Ltd. "Our team of investment advisors have calculated yields of 5,33 - 7,1%."
Extensively renovated and refurnished with new kitchens, bathrooms, flooring, windows and extra large French windows, the Hellersdorf properties also benefit from communal gardens and exterior children's play areas.Well suited for a commuter property on a long term lease basis, the surrounding area is well connected to local transport links.
The apartment complex itself lies metres away from the underground station, taking travellers directly to the Alexanderplatz and the heart of Berlin.Berlin represents great value for property investors looking for a well-known destination at an emerging market price level.Private equity funds have invested approx 35 billion euros in the German Property market in the last five years. Investors include names such as Goldman Sachs, Morgan Stanley and Terra Firma. Fortress (an American private investment firm) bought 48,000 apartments in Dresden for 1.7 billion euros in March, 2006.
Find out more at: http://www.davidstanleyredfern.com/Germany.aspx
Friday, 3 August 2007
Private property Vendors Receive Virtual Assistance
Property owners looking to sell their apartment or villa can now enjoy expert assistance thanks to overseas investment specialist, David Stanley Redfern Ltd.The must visit online destination for anyone thinking of buying or selling a property abroad, DavidStanleyRedfern.com now includes private sales in its selection of properties from more than forty destinations worldwide.
"Each private property submitted online is automatically included in our property database," explained company director, David Redfern. "Vendors are invited to complete a simple web-based form and can then upload pictures of the property before submitting the details. Once posted, automatic notifications of enquires from interested parties are passed on automatically via email."
Making the process of selling an overseas property as quick and pain free as possible, David Stanley Redfern Ltd offers three different levels of property exposure, each showcasing the development to as many as 800,000 unique web visitors per month.
A level one package enables sellers to add their property to the web site along with eight images and a detailed description. Enquiries submitted via davidstanleyredfern.com are passed directly to the client and no commission is taken in the event of a sale. The mid-size package ensures feature exposure on DavidStanleyRedfern.com and complimentary coverage on independent property portals.For those looking for complete peace of mind, a level three package includes enquiry management by the qualified team of investment advisors at DavidStanleyRedfern.com
"Our private sales packages are already proving tremendously successful," said David Redfern. "Offering expert assistance and sales guidance, our team of financial advisors are able to offer as much or as little support as needed. From answering vendor questions to dealing with potential buyers, the immediacy of the web is coupled with extensive exposure of the property under offer."
To submit your property and for further information, visit www.davidstanleyredfern.com
"Each private property submitted online is automatically included in our property database," explained company director, David Redfern. "Vendors are invited to complete a simple web-based form and can then upload pictures of the property before submitting the details. Once posted, automatic notifications of enquires from interested parties are passed on automatically via email."
Making the process of selling an overseas property as quick and pain free as possible, David Stanley Redfern Ltd offers three different levels of property exposure, each showcasing the development to as many as 800,000 unique web visitors per month.
A level one package enables sellers to add their property to the web site along with eight images and a detailed description. Enquiries submitted via davidstanleyredfern.com are passed directly to the client and no commission is taken in the event of a sale. The mid-size package ensures feature exposure on DavidStanleyRedfern.com and complimentary coverage on independent property portals.For those looking for complete peace of mind, a level three package includes enquiry management by the qualified team of investment advisors at DavidStanleyRedfern.com
"Our private sales packages are already proving tremendously successful," said David Redfern. "Offering expert assistance and sales guidance, our team of financial advisors are able to offer as much or as little support as needed. From answering vendor questions to dealing with potential buyers, the immediacy of the web is coupled with extensive exposure of the property under offer."
To submit your property and for further information, visit www.davidstanleyredfern.com
Overseas Investment Property - Terminology
Buying property is a lifetime decision. Investing hard earned funds requires caution and lots of background research. It’s often said that when investing in overseas property, the real ordeal only begins after you identify your property of choice.
It might seem that viewing trips, hours of surfing the net and days of reading up on the area under consideration is a hard slog but in actual fact, the road to possession is a much more arduous journey. The route is paved with difficulties, tedious legalities and endless paperwork.
As a buyer, the more aware you are aware of the legalities and paperwork involved, the more likely it is that you won’t end up as yet another casualty of the courts. So, familiarise yourself with terms such as leasehold, freehold, title deeds and completion/occupation/possession certificates. As long as you make sure that all the documentation is in place before you strike the deal, you’ll be home free!
1. The Title ReportColloquially known as the ‘property card’ or in some places ‘saat-bara’, this is an investigation into the title of the land over a period of 30 years. It ensures the marketability of the land in the hands of the original owner. Ask for the detailed report, not merely an abbreviated certificate. This should be prepared for the seller by his lawyer and should be checked by your lawyer. If the title is not clear, you can be evicted from the property at a later date.
2. Property Under ConstructionIf you are buying a new property, ask for an Allotment Letter or Development Agreement detailing the agreed price, payment and construction schedule, house plans, delivery date and builder’s liability in case of late completion or problems after possession. Make sure that the developer has a clear title to the land, and that the relevant local authorities have approved the building plans. Once the construction is over, ask for the completion and occupation certificates, which indicate that the building adheres to municipal requirements.Some other costs you will incur at this stage are society formation charge, deposit for electricity meter, stamp duty and registration charges.
3. Constructed propertyIt’s vital to check and then double check that the seller has both the title and possession of the property as well as the right to transfer the property. Check that the relevant approvals, if any, have been obtained from the land development/planning authority. Ensure that there are no tenants and get a declaration that the property was purchased from the seller’s funds and is not mortgaged.You will also need to request a ‘No Objection Certificate’ from the builder or society. Check whether dues such as property tax, society, water and electricity bills, etc. have been paid in full. Decide who will pay society transfer charges. Take possession of all relevant documents and also the original allotment letter, completion certificate, occupation certificate and all other documents given by the original builder.
4. Leasehold vs. FreeholdMost of the property in India is freehold, which means that ownership is transferable. In some specific areas such as Delhi, the government owns most of the land, some of which is leased out. This lease is transferable, provided permission is sought directly from the central government. In this case, you have to pay stamp duty and execute a memorandum of transfer. In the case of leasehold property, make sure that the ground rent has been settled up to date.Most transactions are done through Power of Attorney (POA), which does not confer a clear title to the buyer and it also ceases on the death of the seller. If you are entering into such a transaction, ensure that you have a general as well as special, irrevocable POA, which will allow you to transfer the property. However, buying properties involved in multiple POAs is fraught with difficulties.
5. Stamp Duty & Sale DeedStamp duty is a percentage of the transaction payable to the state government. It varies from state to state. The sale agreement should state who pays the stamp duty. If it is not included in the agreement, the buyer should make sure he/she pays the full amount and registers his/her name as the owner in the land revenue records. The final Sale Deed should be stamped and registered at the appropriate local area office.For more information about overseas investment property and the buying process in more than forty countries worldwide, visit http://www.davidstanleyredfern.com
It might seem that viewing trips, hours of surfing the net and days of reading up on the area under consideration is a hard slog but in actual fact, the road to possession is a much more arduous journey. The route is paved with difficulties, tedious legalities and endless paperwork.
As a buyer, the more aware you are aware of the legalities and paperwork involved, the more likely it is that you won’t end up as yet another casualty of the courts. So, familiarise yourself with terms such as leasehold, freehold, title deeds and completion/occupation/possession certificates. As long as you make sure that all the documentation is in place before you strike the deal, you’ll be home free!
1. The Title ReportColloquially known as the ‘property card’ or in some places ‘saat-bara’, this is an investigation into the title of the land over a period of 30 years. It ensures the marketability of the land in the hands of the original owner. Ask for the detailed report, not merely an abbreviated certificate. This should be prepared for the seller by his lawyer and should be checked by your lawyer. If the title is not clear, you can be evicted from the property at a later date.
2. Property Under ConstructionIf you are buying a new property, ask for an Allotment Letter or Development Agreement detailing the agreed price, payment and construction schedule, house plans, delivery date and builder’s liability in case of late completion or problems after possession. Make sure that the developer has a clear title to the land, and that the relevant local authorities have approved the building plans. Once the construction is over, ask for the completion and occupation certificates, which indicate that the building adheres to municipal requirements.Some other costs you will incur at this stage are society formation charge, deposit for electricity meter, stamp duty and registration charges.
3. Constructed propertyIt’s vital to check and then double check that the seller has both the title and possession of the property as well as the right to transfer the property. Check that the relevant approvals, if any, have been obtained from the land development/planning authority. Ensure that there are no tenants and get a declaration that the property was purchased from the seller’s funds and is not mortgaged.You will also need to request a ‘No Objection Certificate’ from the builder or society. Check whether dues such as property tax, society, water and electricity bills, etc. have been paid in full. Decide who will pay society transfer charges. Take possession of all relevant documents and also the original allotment letter, completion certificate, occupation certificate and all other documents given by the original builder.
4. Leasehold vs. FreeholdMost of the property in India is freehold, which means that ownership is transferable. In some specific areas such as Delhi, the government owns most of the land, some of which is leased out. This lease is transferable, provided permission is sought directly from the central government. In this case, you have to pay stamp duty and execute a memorandum of transfer. In the case of leasehold property, make sure that the ground rent has been settled up to date.Most transactions are done through Power of Attorney (POA), which does not confer a clear title to the buyer and it also ceases on the death of the seller. If you are entering into such a transaction, ensure that you have a general as well as special, irrevocable POA, which will allow you to transfer the property. However, buying properties involved in multiple POAs is fraught with difficulties.
5. Stamp Duty & Sale DeedStamp duty is a percentage of the transaction payable to the state government. It varies from state to state. The sale agreement should state who pays the stamp duty. If it is not included in the agreement, the buyer should make sure he/she pays the full amount and registers his/her name as the owner in the land revenue records. The final Sale Deed should be stamped and registered at the appropriate local area office.For more information about overseas investment property and the buying process in more than forty countries worldwide, visit http://www.davidstanleyredfern.com
New Cape Verde Development Officially Opened To Investors
Overseas property investors looking to expand their portfolio can now consider the beautiful archipego of Cape Verde with the official launch of the Turtle Bay Resort on Maio Island.
Designed specifically with investors in mind, the purchasing structure at the resort is competitive with three payments over twelve months. The first payment secures the plot, the second the infrastructure and the final lump sum dedicated to the construction of a luxury villa or apartment."Cape Verde is without a doubt one of the best of the current crop of hot new destinations," says David Redfern, managing director of overseas investment specialist David Stanley Redfern Ltd.
"A national government directive has been put in place to ensure than a maximum 15% land coverage can be used for development, guaranteeing lots of natural space and privacy for property owners."
The Turtle Bay Resort will offer a full gamut of recreational facilities. A marina, community centre, retail outlets and clubhouse are currently under construction and will serve the 400 villa development. Each plot has a generous designated area of approximately 1,000 square meters and are sold freehold with a title deed and planning permission for a villa or town house.
Located on the West African coast, Cape Verde offers attractive incentives for foreign investors with property owners able to take advantage of a five year tax exemption followed by a 50% tax deduction on corporate tax for the proceeding 10 years. Plots in Cape Verde start from €63,750 with a 100% finance plan for build costs available.
To view available plots and for further information about the Turtle Bay Resort, visit http://www.davidstanleyredfern.com/Cape_Verde.aspx
Designed specifically with investors in mind, the purchasing structure at the resort is competitive with three payments over twelve months. The first payment secures the plot, the second the infrastructure and the final lump sum dedicated to the construction of a luxury villa or apartment."Cape Verde is without a doubt one of the best of the current crop of hot new destinations," says David Redfern, managing director of overseas investment specialist David Stanley Redfern Ltd.
"A national government directive has been put in place to ensure than a maximum 15% land coverage can be used for development, guaranteeing lots of natural space and privacy for property owners."
The Turtle Bay Resort will offer a full gamut of recreational facilities. A marina, community centre, retail outlets and clubhouse are currently under construction and will serve the 400 villa development. Each plot has a generous designated area of approximately 1,000 square meters and are sold freehold with a title deed and planning permission for a villa or town house.
Located on the West African coast, Cape Verde offers attractive incentives for foreign investors with property owners able to take advantage of a five year tax exemption followed by a 50% tax deduction on corporate tax for the proceeding 10 years. Plots in Cape Verde start from €63,750 with a 100% finance plan for build costs available.
To view available plots and for further information about the Turtle Bay Resort, visit http://www.davidstanleyredfern.com/Cape_Verde.aspx
Wednesday, 1 August 2007
Overseas Investment Property Hot Spot: Argentina
Colourful, chaotic, contradictory. Argentina is a country with a dark, bloody past and an alluring, beguiling future. Interestingly, the investors who left the former golden child of Latin America reeling from their mass exodus at the beginning of the century are proving most susceptible to the come hither flirtations of the resurgent Argentina.
An aromatic blend of European chic and rich Latin American heritage is an unlikely, quirky pairing but one that has proven strangely successful this second time around.
Once considered one of the most stable countries in the complicated, fragile southern Americas, Argentina’s spectacular fall from grace left its property market in freefall for several years. Now however, Argentina is riding a second wave of European investment with financiers willingly injecting money into a country which little over five years ago was a crumbling shell of its normal, vibrant self.
Then, front pages told stories of looting and destruction of property. Homes and businesses were lost and land abandoned as the aftershocks of economic implosion resonated throughout the country.
Today, prime waterfront real estate is a supremely desirable commodity and available for a tenth of the cost of comparable properties in America or Europe.
New properties are plentiful and boast all of the modern conveniences and luxury living you’d expect to find in the world’s eighth largest country. The architecture has a European flavour, with wide tree lined esplanades and cobbled streets sitting side by side with Michelin standard restaurants and rolling, fertile grasslands.
Argentina’s blend of old and new, of city and country, European and Latin really does offer something for everyone and its booming property market reflects this. The rental market in particular is proving to be a real emerging force as tourists slowly begin to rediscover all of the charms inherent in Argentina and its people.
Those scared off by the economic and political insecurity at the beginning of the decade are once again looking towards Argentina. Buenos Aires in particular is booming – the Puerto Madero neighbourhood is fashioning itself on the redeveloped warehouses of Manhattan’s Meatpacking District, attracting property investors with ultra chic loft conversions. These fashionable residences are already proving popular with British investors looking to add a Latin American flavour to their portfolio.
Used to the convenience of European living, the new patrons of resurgent Argentina are young professionals easily won over by the cosmopolitan nature of the city and the wealth of schools, health services, public transport, bars, restaurants and leisure facilities which lay within easy reach.
For those looking for a slower pace of life, Argentina too has succumbed to the booming golf tourism market. Embraced with a zeal you’d only find in Latin America, the game is a recent import to the country but has already spawned state of the art country clubs and championship standard golf courses which are rapidly becoming a force to be reckoned with.
The San Eliseo Golf and Country Club is one of the finest golf courses in South America and offers the best tennis facility in Buenos Aries. It is exactly this juxtaposition of town and country so typical of Argentina that makes for great property rental prospects.
Set in 253 hectres, San Eliseo is a luxurious residential community with world class facilities. The construction and commercialisation of the resort has been overseen by a development board backed by European and American investors, offering a reassuring safety net for new investors or investors new to the area.
As befitting its fledgling status, property prices are very reasonable and within reach of the first time overseas buyer. Properties in San Eliseo start at just 56,000 US dollars with rental income projected at around 1000US dollars a week in high season.
Head further out of town, and rambling vineyards in the Valle de Uco can be snapped up for as little as 80,000 US dollars. Offering staggering development potential, the vineyards benefit from Argentina’s rich fertile soil, hours of sunlight and a thriving wine industry overseen by some of the most respected names in the business.
Find our more about investing in Argentina at http://www.davidstanleyredfern.com/
An aromatic blend of European chic and rich Latin American heritage is an unlikely, quirky pairing but one that has proven strangely successful this second time around.
Once considered one of the most stable countries in the complicated, fragile southern Americas, Argentina’s spectacular fall from grace left its property market in freefall for several years. Now however, Argentina is riding a second wave of European investment with financiers willingly injecting money into a country which little over five years ago was a crumbling shell of its normal, vibrant self.
Then, front pages told stories of looting and destruction of property. Homes and businesses were lost and land abandoned as the aftershocks of economic implosion resonated throughout the country.
Today, prime waterfront real estate is a supremely desirable commodity and available for a tenth of the cost of comparable properties in America or Europe.
New properties are plentiful and boast all of the modern conveniences and luxury living you’d expect to find in the world’s eighth largest country. The architecture has a European flavour, with wide tree lined esplanades and cobbled streets sitting side by side with Michelin standard restaurants and rolling, fertile grasslands.
Argentina’s blend of old and new, of city and country, European and Latin really does offer something for everyone and its booming property market reflects this. The rental market in particular is proving to be a real emerging force as tourists slowly begin to rediscover all of the charms inherent in Argentina and its people.
Those scared off by the economic and political insecurity at the beginning of the decade are once again looking towards Argentina. Buenos Aires in particular is booming – the Puerto Madero neighbourhood is fashioning itself on the redeveloped warehouses of Manhattan’s Meatpacking District, attracting property investors with ultra chic loft conversions. These fashionable residences are already proving popular with British investors looking to add a Latin American flavour to their portfolio.
Used to the convenience of European living, the new patrons of resurgent Argentina are young professionals easily won over by the cosmopolitan nature of the city and the wealth of schools, health services, public transport, bars, restaurants and leisure facilities which lay within easy reach.
For those looking for a slower pace of life, Argentina too has succumbed to the booming golf tourism market. Embraced with a zeal you’d only find in Latin America, the game is a recent import to the country but has already spawned state of the art country clubs and championship standard golf courses which are rapidly becoming a force to be reckoned with.
The San Eliseo Golf and Country Club is one of the finest golf courses in South America and offers the best tennis facility in Buenos Aries. It is exactly this juxtaposition of town and country so typical of Argentina that makes for great property rental prospects.
Set in 253 hectres, San Eliseo is a luxurious residential community with world class facilities. The construction and commercialisation of the resort has been overseen by a development board backed by European and American investors, offering a reassuring safety net for new investors or investors new to the area.
As befitting its fledgling status, property prices are very reasonable and within reach of the first time overseas buyer. Properties in San Eliseo start at just 56,000 US dollars with rental income projected at around 1000US dollars a week in high season.
Head further out of town, and rambling vineyards in the Valle de Uco can be snapped up for as little as 80,000 US dollars. Offering staggering development potential, the vineyards benefit from Argentina’s rich fertile soil, hours of sunlight and a thriving wine industry overseen by some of the most respected names in the business.
Find our more about investing in Argentina at http://www.davidstanleyredfern.com/
Property Hot Spot - Italy
Make beautiful Bologna or captivating Capri the first stop on your search for overseas property.
Think of Italy and you’re most likely to think of its love affair with fashion and fast cars than a second home in the sun. Outstanding cuisine, delicious wines, stunning countryside and a rich cultural heritage all still figure but the eternally stylish nation has been more often than not a leader not a follower when it comes to property trends. Until now that is.
Casting off its underdog status in the last few years, Italy is rapidly usurping traditional favourites like Spain and France with its eclectic range of state of the art villas and dilapidated country houses ripe for restoration.
A Tuscan Tale (Of Caution)
The well trodden path from Tuscany is an immediate favourite for first time house hunters eager to enjoy familiar creature comforts. Fulled by a thousand postcard images, it’s already a challenge to find an apartment or villa well matched to a modest investment budget. The canny bargain hunter should instead look to the east and venture into the lush countryside of Umbria. Only an hour or so from Florence by train, Umbria is an area largely unspoilt and un-chartered by foreign buyers.
The only land locked region in Italy, Umbria and its capital Perugia overflows with an abundance of culture and history. Home of the Etruscans and a suffering an embarrassment of riches when it comes to the arts, Umbrian property hunters focusing their search on the regional capital will find apartments and country properties with ease.
Modern builds are few and far between in the rolling valleys of Umbria so expect to invest time and money before renting the property out. This investment is offset by low initial purchase prices – expect to pay around 40,000 euros for farmhouses and casali (old country properties) requiring some degree of restoration.
La Dolce Vita?
Another new region worth investigating if you want to invest in property in Italy is Puglia on the boot’s southernmost tip. Property prices in Italy are generally cheaper the further south you venture, making the coastal region ripe for investment. Hemmed by the Adriatic sea, the inner reaches of Puglia are bedecked with olive groves and fruit orchards.
Adding a Puglian property to an investment portfolio is a good bet for rental income – the gentle climate and network of criss crossing cobbled streets, sandy beaches, medieval towers and sun-drenched piazzas make it an up and coming holiday destination. New, two bedroom apartments in the town of Vico del Gargano can currently be found for less than 60,000 pounds.
In nearby Naples, comparable ground or first floor properties with garden and swimming pool are on sale for around 38,000 euros showing just how much it pays to shop around. As Naples is already a name familiar to many, expect summer rental incomes of around 1500 euros per month.
Although the Italian government does not place any restrictions on foreigners buying property in Italy, it is always worth engaging an English-speaking lawyer to guide you through the Italian property market minefield. Without one, would you know what a compromesso is or when it is signed for example? A good lawyer will advise you at every stage of the purchase, from agreeing terms to advising you when to place the deposit and what percentage of the price is required by law.
For more information about property investment in Italy and details of Italian property for sale, visit www.davidstanleyredfern.com
Think of Italy and you’re most likely to think of its love affair with fashion and fast cars than a second home in the sun. Outstanding cuisine, delicious wines, stunning countryside and a rich cultural heritage all still figure but the eternally stylish nation has been more often than not a leader not a follower when it comes to property trends. Until now that is.
Casting off its underdog status in the last few years, Italy is rapidly usurping traditional favourites like Spain and France with its eclectic range of state of the art villas and dilapidated country houses ripe for restoration.
A Tuscan Tale (Of Caution)
The well trodden path from Tuscany is an immediate favourite for first time house hunters eager to enjoy familiar creature comforts. Fulled by a thousand postcard images, it’s already a challenge to find an apartment or villa well matched to a modest investment budget. The canny bargain hunter should instead look to the east and venture into the lush countryside of Umbria. Only an hour or so from Florence by train, Umbria is an area largely unspoilt and un-chartered by foreign buyers.
The only land locked region in Italy, Umbria and its capital Perugia overflows with an abundance of culture and history. Home of the Etruscans and a suffering an embarrassment of riches when it comes to the arts, Umbrian property hunters focusing their search on the regional capital will find apartments and country properties with ease.
Modern builds are few and far between in the rolling valleys of Umbria so expect to invest time and money before renting the property out. This investment is offset by low initial purchase prices – expect to pay around 40,000 euros for farmhouses and casali (old country properties) requiring some degree of restoration.
La Dolce Vita?
Another new region worth investigating if you want to invest in property in Italy is Puglia on the boot’s southernmost tip. Property prices in Italy are generally cheaper the further south you venture, making the coastal region ripe for investment. Hemmed by the Adriatic sea, the inner reaches of Puglia are bedecked with olive groves and fruit orchards.
Adding a Puglian property to an investment portfolio is a good bet for rental income – the gentle climate and network of criss crossing cobbled streets, sandy beaches, medieval towers and sun-drenched piazzas make it an up and coming holiday destination. New, two bedroom apartments in the town of Vico del Gargano can currently be found for less than 60,000 pounds.
In nearby Naples, comparable ground or first floor properties with garden and swimming pool are on sale for around 38,000 euros showing just how much it pays to shop around. As Naples is already a name familiar to many, expect summer rental incomes of around 1500 euros per month.
Although the Italian government does not place any restrictions on foreigners buying property in Italy, it is always worth engaging an English-speaking lawyer to guide you through the Italian property market minefield. Without one, would you know what a compromesso is or when it is signed for example? A good lawyer will advise you at every stage of the purchase, from agreeing terms to advising you when to place the deposit and what percentage of the price is required by law.
For more information about property investment in Italy and details of Italian property for sale, visit www.davidstanleyredfern.com
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