There has been a huge increase in the number golf properties being developed in the last couple of years. Spain and Portugal are countries where just such developments have been most significant, but if you look further afield, investment opportunities are also available in places like Florida, St Lucia, South Africa, Malaysia and the United Arab Emirates.
In light of current market conditions it is surprising to see just how many people are still playing the waiting game when it comes to buying and paying for an overseas property.
It has certainly been a torrid time for Sterling of late. Across the board we have seen a weak pound resulting in less purchasing power for those selling Sterling. This is particularly apparent in the case of those buying Euros. Everyone from tourists to international property investors is feeling the pinch. So why has this happened?
Affordability is a huge factor that should be taken into account when buying any property and it is important to be aware of how economic changes could affect the price of your property. When buying a property abroad one needs to be aware of not only how changes in interest rates will affect your repayments but also how exchange rate fluctuation will affect the price you ultimately pay.
The realisation that the UK pound may not recover any time soon against the euro has finally forced overseas property buyers to consider the impact that exchange rates can have on the price they pay for a property abroad.
With the Euro becoming a lot more expensive to buy, property hunters are now considering buying further a field. The introduction of a number of low cost airlines and flights has also helped put Canada on the map.
For most people considering buying property in South Africa, Johannesburg is not traditionally the first place that comes to mind. However, with higher yields and lower property prices than in places like Cape Town, it is starting to attract the interest of those looking for a solid investment in the hub of the African continent.
The new treaty replaces the one signed between the two countries in 1998.
In the past decade, Cyprus has signed several double taxation treaties with countries in its sphere of influence in an effort to make the country an attractive place to set up off-shore enterprises and to buy property in.