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Overseas Property News
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Economic growth in Europe looks bleak
Country: France; Italy; Portugal; Spain
26 November 2008
The drab global economic picture has had a significantly undesirable impact on the outlook for short-term economic growth, according to a senior figure at the European Central Bank (ECB).
Addressing an audience at the Euro Finance Week conference, Juergen Stark, an executive board member of the ECB, said: “The financial crisis, which originated in the United States, has now spread across the globe. In so doing, it has greatly affected the outlook for short-term economic growth in Europe and elsewhere.”
He also admitted that there are further concerns relating to the outlook for the continent’s’ economy in the medium-term.
Stark’s comments appear to confirm that much of the strong capital growth witnessed across some of Europe’s housing markets over the past few years will not be repeated in the short to medium term.
With the eurozone currently in a technical recession, the ECB is expected to cut interest rates further in December, following a 1% reduction to 3.25% in October.
Some properties in France
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Price: £16,198
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Type: House
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Town offering all shops and services, markets, schools, situated 5 minutes from the Orb river valley, 30 minutes from Beziers and the motorway.
Building needing total renovation (floors, roof, etc) in a quiet street, with 30 m2 private garden.
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View details | Enquire further
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Price: £16,614
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Type: Apartment
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Autignac: Nice village with all shops, 15 minutes from Beziers, 20 minutes from the motorway and 30 minutes from the coast.
Flat leisure land of 10 000 m2 located 500 m of a village with all amenities.
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Price: £22,000
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Type: Apartment
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Bedrooms: 1
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World Class Chateau Estate in idlyllic French Lake District* Non-Status Finance*150% Guaranteed Buy-Back* 8% guaranteed return years 1-2 *8%+ NET return year 3 onwards*Spa, Golf, Outdoor pursuits*Buy via your SIPP*Immediate income*I am an investor
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Price: £26,582
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Type: Apartment
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Saint Genies de Fontedit : nice village with all shops, 15 minutes from Beziers, 20 minutes from the motorway and 30 minutes from the coast.
Flat leisure land of 18 000 m2 located 500 m of a village with alla amenities.
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Price: £28,000
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Type: Apartment
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Bedrooms: 1
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Make your pension work harder with 13.6% NET return pa via a SIPP*0% Non-Status Finance*Exit Strategy with 150% Return on Your Capital Investment*200% NET return over 10 years*Investment so brilliant I have bought one myself*Only 6 units left
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Price: £28,000
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Type: Apartment
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Bedrooms: 1
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Last remaining fractionals at this stunning resort for 1/12 ownership of a luxury Chateau Suite. An opportunity to own a share in the luxurious Chateau de la Cazine, combining the perfect lifestyle choice, with a rewarding investment.
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Price: £29,074
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Type: House
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In a hamlet at 5 minutes from Lamalou les Bains, stone house to renovate with possibility to make 90 m2 of living space on a plot of about 100 m2.
Ground = Courtyard/garden of 30 m2 + ruine of about 70 m2 ground surface.
1st = Possibility to make a
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Price: £29,240
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Type: Apartment
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Autignac : Nice village with all shops, 15 minutes from Beziers, 20 minutes from the motorway and 30 minutes from the coast.
Flat leisure land of 20.135 m2 located 500 m of a village with alla amenities.
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View details | Enquire further
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Price: £33,219
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Type: House
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Village with cafe / restaurant and small grocery store, 10 minutes from major shops and 30 minutes from Beziers, the highway and the sea.
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Price: £33,228
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Type: House
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Bedrooms: 2
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This village house is situated in a village in the north of the Gers. Property for total renovation. The house, of approx. 109 m2, currently consists of 4 rooms with two separate entrances.
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Prices from: €355,000 Bedrooms: 2 Luxury townhouses in the centre of a world class, championship golf course.
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Price: £125,600 Bedrooms: 3 Baths: 2 - 1 ensuite Kitchens with cupboards, hob/oven, fridge/freezer, washing machine, dishwasher. Pool, gardens, tennis courts.
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Price: €280,000 Bedrooms: 3 Renovated stone house, hilltop location offering panoramic sea & mountain views. Landscaped garden, private pool.
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Prices from: £50,220 Bedrooms: 1 & 2 Pratamanak Hill: brilliant sea view. Quality kitchen + imported marble. Freehold. Fixed costs for maintenance etc.
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Price: €230,000 Bedrooms: 2 Bathrooms 2 Contrada Ulmo, between Martina Franca & Ceglie Messapica. Restored. 1 ha land: DOC vinyard, olive/almond trees.
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Prices from: £147,200 Bedrooms: 2 & 3 Off-plan in Fuseta, Olhao. 30 two-bed, two-bath apartments & 20 three-bed, three-bath semi-detached villas.
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