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July 30, 2008

Property investment opportunities on Disney World’s doorstep

Filed under: USA — OPPE News @ 4:00 pm

A luxury US real estate development a stone’s throw from Disney World has gone on sale, with developers saying sale and rental profits are likely to be high.

The Windsor Hills Reserve lies just a mile and a half from the theme park in Orlando, Florida, and features four, five and six-bedroom villas.

A “gated resort community”, the development’s homes include private grounds, two-car garages and private pools.

Mark Wilson, product acquisition manager at Propertyshowrooms.com, which is marketing the project, said: ”

High-specification build quality also makes these villas very desirable both as investments and excellent holiday homes.

“In view of the location and high standard of these villas, I am confident that they will come out on top, both in terms of capital growth in the long term and rental desirability.”

It is thought the luxury homes will be popular with holidaymakers on short and longer-term vacations, with rentals expected to top more than $6,000 (£3,029) per month for the more lavish residences.

The weakness of the US dollar in international exchange rates could also tempt international property investors to consider the development. On current rates of $1.9 to £1, an American home worth $400,000 would set a British investor back just £201,965.

Abu Dhabi property rents soar 49 per cent

Filed under: Abu Dhabi — OPPE News @ 1:00 pm

Rents in UAE state Abu Dhabi have soared by nearly 50 per cent in the space of just 12 months.

According to newspaper the Khaleej Times, a new report shows demand for quality apartments is now outstripping supply in the state.

The publication says research by property experts Asteco shows rents have shot up by 49 per cent in the last year.

As cited by the Times, the report reads:

“The most notable movement comes in the two-bedroom unit category with 66 per cent increase in rents over the last year.”

Growing incomes from record oil prices are thought to be behind the surge in real estate value in the Emirate, which saw a 167 per cent population growth from 1975 to 1985 thanks to the industry.

Regional property experts Sorouh say:

“The Abu Dhabi real estate sector has seen heightened activity over the past two years with numerous developments undertaken by the government.

“In 2005, the sector contributed five per cent of Abu Dhabi’s GDP and in terms of employment is second only to the general trade industry.”

Sorouh adds a lack of taxation on revenues or capital gains or transactional tax means real estate remains an attractive proposition for foreign property investors.

Bungalows proving a hit with younger UK buyers

Filed under: UK — OPPE News @ 10:00 am

Bungalow designs usually more popular with older people are being snapped up by a younger generation of property investors, according to one UK developer.

Gladedale said units in its Lincolnshire project, Trustcote Grange, were proving popular with people of all ages.

The development, near Caistor, features bungalows with two bedrooms for £155,995 which are reportedly proving a hit with people more used to apartment or loft homes.

Gladedale said easy commuting distances to Scunthorpe and Grimsby could also be behind the high demand for “life on the level” in Trustcote Grange.

Gladedale Lincoln sales director Maureen Hynes said:

“With the Lincolnshire Wolds on the doorstep and a great quality of life available in this location, we are not surprised that the townhouses and family homes have sold well.

“Bungalows are always particularly sought after however. There’s just something about being able to wander from bedroom to living room that seems very cosy and intimate. Having windows all around also means that the light is excellent.”

Earlier this month the Daily Mail reported bungalows are becoming popular with young families as they often come with bigger gardens. The paper also said the format is easier to extend, making them an attractive investment for buyers prepared to spend money on upgrading them.

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