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Press Releases and News
Italian Property Market Receives Government Boost
Monday, 30 May 2008 09:30 GMT
Italy's property market will be encouraged by the news that the Italian government has struck an agreement with banks to revert mortgage payments to lower levels last recorded in 2006, while banks have also agreed to switch variable-rate mortgages into fixed-rate ones.
Speaking at a news conference, Prime Minister Silvio Berlusconi, commented: We will introduce the possibility (for homeowners) to go back to the mortgage rates of 2006 with a lengthening of the time for which the mortgage will be paid.
The banks cooperation will bring relief to the millions of families who have found themselves in the trap of having a variable-rate mortgage, says Economy Minister Giulio Tremonti.
Tremonti said that after converting the mortgage from variable to fixed-rate, if average interest rates have risen at the end of the initially agreed mortgage, this duration will be extended. While, if rates have fallen banks will reimburse the homeowner.
However, final details still have to be ironed out and it is not yet sure when the deal will come into effect.
For more information, email us on info@propmed.com or call us on 0845 643 1088 (local rate) | | Tax breaks Make Italy An Attractive Investment
Monday, 5 May 2008 12:00 GMT
Italy, long a popular with British investors looking for property overseas, offers buyers a range of tax breaks.
The Mediterranean nation, famed for its depth of culture as much as its cuisine, is among the most popular destinations in Europe - ranked only behind France and Spain. And its fiscal system is also suited to financial rewards for investors.
"Take capital gains tax in Italy", explained Manuel Rodriguez of overseas property specialists Network Properties. "After five years there is none."
"This is a fact not widely known, yet if you are investing in a property for your future, this can have a radical impact on the monies you receive at the end of your term of property investment."
Inheritance tax is another area where many buyers are unaware that Italy offers much better financial benefits that many other countries.
If investors compare the country to France for example, Italy has no inheritance tax if left to a close relation, such as spouse, children or direct relation.
In France however, each child only receives 150,000 Euro tax free and then they pay inheritance tax on a sliding scale up to 40 per cent.
"As well as the huge benefit of buying in Italy, where these two taxes are concerned, there is also the need to understand that when the day comes to realise your investment, you are in a position to do so", said Mr Rodriguez.
For more information, email us on info@propmed.com or call us on 0845 643 1088 (local rate) | | Spain now a lifestyle choice for UK buyers
Monday, 21 April 2008 09:00 GMT
Brits buying property in Spain are increasingly looking to the country for its lifestyle, rather than investment, potential.
While the Iberian nation has always been popular with foreign investors, largely based on its attractive climate and seemingly relentless price increases, it is now buyers looking for a family home who are considering a purchase.
"In the last four or five years Spain has seen a huge interest and prices were going up incredibly quickly", explained Carl Munson, CEO of Network Properties.
"The investment side of things has tailed off a bit now so people are buying from a lifestyle point of view because they actually want that property in Spain."
According to figures from Property Showrooms, there are approximately 2.8 million foreign residents in Spain.
However, prices in the country witnessed a severe correction in 2008- -reducing its potential for investors in the short term.
Yet, prices remain competitive when compared with the UK.
"I do think people feel they are getting priced out of the UK. I think people feel that there is a more stable market in certain foreign countries than there is in the UK at the moment", said Mr Munson.
Also the cost of entry is lower so a lot of first-time buyers are looking overseas as a first step on the ladder before they buy somewhere in the UK.
Furthermore, despite price falls, the country remains attractive.
"One of the attractions for a lot of people is the fact that the Spanish community and lifestyle is really easy to get into", continued Mr Munson.
People enjoy the relaxed state of life and it is very much family-focused - that is something that people miss from the UK and it is something that they like to get involved in when they go to Spain. | | Polaris World - Free Viewing Trips
Tuesday, 29 January 2007 15:00 GMT
29 Jan 2008 - Polaris World have today revealed details of their Free Viewing Trips offer. Book your viewing trip after the 1st February 2008 and you can visit the Polaris World resorts in Murcia, Spain for free. Viewing Trips include accommodation at the 5-star Intercontinental Hotel, a personal guide to show you around the Polaris World resorts and all transfers to and from the airport to the hotel.
The offer is available through a limited number of Polaris World agents. Book Now | | New Release in Calabria, Nicotera Marina
Friday, 9 November 2007 12:00 GMT
With its dazzling views over the azure waters of the Tyrrhenian Sea, white sandy beaches and picture postcard perfect looks, Nicotera Marina is truly one of Calabrias best kept secrets. This is the location of our new development, Residencial Villaggio Mareta, and as the west coast of Calabria is currently the most desired address by property seekers, this is destined to be our hottest development yet. Nicotera is famous for its fragrant air (it is home to citrus and olive groves); its glorious climate; narrow streets leading to flower-filled squares, quaint buildings and traditional Calabrian cafes and restaurants, where you can while away the hours sipping cappuccino or indulging your senses with delicious local pastas and gelato. For more information this and other exciting properties in the region, email us on info@propmed.com or call us on 0845 643 1088 (local rate) | | New Release in Calabria, Italy
Monday, 17 September 2007 10:55 GMT
Network Properties is proud to announce a brand new development in the highly popular area of Southern Italy, Calabria. Released over the weekend, we have already sold nine of these superb apartments. Most of which benefit from double aspect terraces with sea and mountain views. There is a large swimming pool set in lovely landscaped gardens. The development is located in the pretty town of Marina di Coulonia, which boasts traditional Italian cafes, bars and restaurants and one of the finest beaches on the Ionian coast. Prices from 76.090 Euro to 123,168 Euro. For more information this and other exciting properties in the region, call us on 0845 643 1088 (local rate) | | New Development in Calabria - Maisonettes and Bungalows
Friday, 10 August 2007 08:47 GMT
RESIDENCIAL SERSALE PRATO is a beautiful development near Sersale Marina, located on a sea-facing hillside and surrounded by picturesque meadows. The first phase will be composed of 66 units in 11 blocks, a mixture of maisonettes and linked bungalows with gardens. All properties include pre-installation of air conditioning. The properties comprise: two bedrooms, one bathroom, a recessed open kitchen, a large lounge/diner, a front terrace and large garden (153M2). Priced from 119,050 Euros this development is set to sell fast. This fantastic residential is located in Borda, a small town just over a kilometre from the Mediterranean, surrounded by peace and quiet with amazing views. Borda is a ten minute drive to the beautiful and historical town of Sersale with its narrow, flower-filled streets where you can spend hours exploring, taking time out in a cafe for cappuccino and biscotti, or maybe a glass of local wine. The development is a forty minute drive from the international airport at Lamezia Terme and a ten minute drive from the large town of Catanzaro. | |
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