Purchasing property in the USA

One of the most popular areas for Irish interest in overseas property over the past year has been the good old US of A. Whether it is the drop in the value of the dollar or the perceived value in this market, purchasing property in the USA has been a real hit with Irish investors.

For this reason we've decided to put a link to some of our most often visited pages when it comes to US property as well as articles, news and advice on the topic of purchasing property in North America. 

Just below that we've put a link to our most often visited pages when it comes to Florida property as well as articles, news and advice on the topic of purchasing property in the 'Sunshine State' which is still the most popular with Irish property enthusiasts.

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For a selection of property in the USA click here. 

For a list of agents selling property in the USA click here.

For independent articles on overseas property click here.

For advice on purchasing in the US click here.

For news on the US property market click here.

For new releases and product updates from US agents click here.

For a selection of property exhibitions featuring American property click here.

Florida Property Links

For a listing of property in Florida click here.

For a listing of Florida Estate Agents click here.

For a listing of Exhibitions showcasing Florida Property click here.

Sell your Bulgarian Property

Have you been looking to sell your Bulgarian property? Well then we have some good news for you. What? I hear you cry, more good news, this can't possibly be. But yes, it is true, there is some good news in the world and OverseasCafe.com is here to bring it to you.

While Bulgaria is currently seen as a depressed market for Irish and UK investors, this is not the case overall and the market, especially Sofia and the other main cities, have all seen good strong gains this year.

It is not an exaggeration to say that Sofia has seen gains in excess of 20% this current year and, for those people who purchased apartments in Sofia, it is becoming decision time as to sell or hold on to the apartments.

Buyinbulgaria, a long established Irish company with an office in Sofia, is very interested in hearing from Irish people wishing to sell their apartments in Sofia. There is a ready market in good areas and apartments can sell in as quickly as a month.

If you've got an unfinished unit, the team at Buyinbulgaria also have a 'finishing' service.

Get all the good news here.

If you've got a property along the Black Sea coastline you wish to sell then this blog may be of interest.

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For a selection of property in Bulgaria click here.

For a list of agents selling property in Bulgaria click here.

For independent articles on the Bulgarian property market click here.

For advice on purchasing in Bulgaria click here.

For news on the Bulgarian property market click here.

For new releases and product updates from Bulgaria agents click here.

For a selection of property exhibitions featuring Bulgaria property click here.

Overseas Property Investment - Flipping

We're delighted to announce that Independent Overseas Property Expert, Diarmaid Condon, is submitting a series of articles on overseas property investment for the overseas property advice section of our site.

Flipping is the most contentious means of investing in property. This is, essentially, the process of putting a down-payment on a property off-plan and then selling it before taking ownership.

It is also often also often used to refer to selling a property on shortly after taking possession but, in this case, the investor gets caught for full capital gains tax which a proper ‘property flipper’ would seek to avoid. Avoiding the capital gains tax is, incidentally, illegal in most countries, Ireland included, but it was still a very common form of investment until the beginning of the current economic crisis.

So far so good, but then of course everything is generally rosy until you go to actually sell that wonderful profit centre (overseas property) you purchased. As a lot of people have found out, all may not be quite as simple as the commission driven salesman would have you believe.

If you are considering investing in overseas property then this mini-series of articles on the main ways to invest, and what types of overseas property products are on the market, is an absolute must.

You'll find the full informative piece here.

Croatian Government Streamlines Property Purchase Procedure

While good news isn't exactly abounding at the moment, there are stirrings that perhaps we have hit a bottom of sorts and maybe the 'only way is up', or so we would hope in any case. The US Fed's proposal to bail out their banks with all their crappy loans isn't meeting with universal approval, as you can see here, but at least there is a feeling that the problem has been quantified at this stage and the next step is to outline the steps to repair the huge damage that has been done.

In any case, we're happy to tell you that we have some more good news. The Croatian government has announced that it is to make the process of purchasing property there easier for EU citizens. This will obviously be wonderful news for anyone who is, like ourselves, completely in love with this stunning country. Croatian property may once again become a staple for the Irish overseas property buyer. It was very popular earlier in the decade, but interest has fallen off considerably in the past few years.

As reported on our own OverseasCafe.com site, EU citizens will have the same rights to purchase property as Croatian nationals, other than certain rural land. The Croatian government is also streamlining some of the other processes of buying property in the country to help harmonise domestic legislation with the rest of the EU. Croatia may also be joining the EU as early as next year, although it will more likely run to 2011.

If you are looking for a property on one of Croatia's many Dalmatian Islands then you could probably do worse than take a look at the Cushman and Wakefield offering called Kavanjin, a contemporary development of 86 one, two and three bedroom apartments on the north western side of Brac (that's Brac town in the photo), just a five-minute walk from the water, with views of Sutivan Bay and Split beyond. Prices are start at €157,500 for a 73 sq m one-bedroom apartment and ranging up to €369,000 for a 325 sq m three-bedroom apartment. You'll find more details here.

If you fancy the Dubrovnik area of the country there are also some excellent apartments in the beautiful area of Zaton Bay priced from €229,383. You'll find details here.

If the other end of Croatia is more to your liking then you could give Thurles native, PJ Broderick, a buzz about his Istrian property portfolio. His company, Croatian Property Consultants, is offering a small number of apartments in the Peroj region of Istria, Western Croatia. The company has four spacious apartments within a 10 minute walk of beach, village, shops, hotel, etc. The properties range in size from 500 sq. ft. to almost 1,000 sq. ft. with prices from €118,000 to €185,000. All apartments have excellent sea views. A ten minute drive away you’ll find the Jack Nicklaus Golf & Yacht Club at Barabarig.

The company also has 10 apartments located in two blocks in the historic town of Vodnjan, a 10 minute drive from Pula city and its airport. There is a selection of private beaches close by. Sizes range from 600 sq. ft. to 950 sq. ft. and these units are being sold fully furnished with a guaranteed rent of 6% for 2 years. All have sea views with prices starting from €85,000.

There is more info on other Istrian property available from the OverseasCafe.com website here.

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Full list of Croatian Property

List of Agents selling property in Croatia

Agent News for Croatia

News on the Croatian Property Market

Croatian Property Purchase Advice

List of Exhibitions featuring Croatian Property

Editorial from OverseasCafe.com

Lynn to Give Evidence via Video Link

Those who have been duped by rogue solicitor, Michael Lynn, will no doubt be absolutely hopping mad at the news that he is to be allowed to give evidence in an Irish case without being brought back to Ireland. 

Lynn ran overseas property company, KenDar Holdings, roping in celebrity investors such as ex-Mayo footballer Willie-Joe Padden. The company also worked through a network of estate agents closely connected to the GAA and other sports organisations. 

Mr Lynn has agreed to testify in the case being taken by one of his former clients, Brian Cunningham, against First Active, over the collapse of his construction business.

Lynn refused to return to Ireland, and as there are no warrants yet which can be acted on abroad, he has agreed to give evidence via a video link.

The fact that Lynn's whereabouts are well known and that former investors in his property and legal companies still have no access to him to receive remuneration for money that was stolen from them will leave them fuming. 

Lynn is to give evidence from London on Friday 10 October and the following Monday and Tuesday if necessary.

The full story is available on the RTE website here. 

London Rents Suffer after Lehman Collapse

The Financial Times reports that the reprecussions of the collapse of Lehman brothers has been very swiftly felt in London rents, particularly in the City, the area most closely associated with the financial services industry. 

The piece says: "Cluttons, a network of estate agents covering property sales and lettings across London, has already had a number of tenants based in the Belgravia and Wapping areas give notice on their rental properties since the investment house declared itself bankrupt."

This will obviously be a very worrying development for those relying on lettings in the City, and there are plenty of Irish property investors among these. 

You can read the full FT report here. 

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UK Property Links

For a selection of property in the UK click here. 

For a list of agents selling property in the UK click here.

For independent articles on overseas property click here.

For advice on purchasing in the UK click here.

For news on the UK property market click here.

For new releases and product updates from UK agents click here.

For a selection of property exhibitions featuring UK property click here.

Affordable apartments in Matagorda, Lanzarote, Canaries

This video footage is of Brian Brosnan, owner of Lanzarote estate agent Bella Lanzarote, explaining the layout of one of the properties in the newly completed Matagorda Bay complex in Matagorda, close to the airport in Lanzarote, one of the most popular of the Canary Islands for Irish investors.

The apartments, which are all completed, are seven minutes walk to Matagorda Beach and in the middle of amenities such as the Matagorda Commercial Centre and the Playa de los Jameos commercial strip.

Prices start from a very respectable €89,000 for a studio apartment with sea views. 

For more information on this project click here.