Interesting article published in the International Property and Travel online magazine regarding Barbados and the fabulous Sandy Lane.
Exquisite beaches, enticing food and luxurious experiences aside, the Maldives has a transparent legal system and is a mere four-hour flight from the UAE — details that will come in handy if you want to invest in your own island home, now possible with Soneva’s Private Residences concept.
Figures published this week show that almost one in three house sales fell through between April and June against a backdrop of reports on property-price discounts. So how do sellers and buyers navigate their way through this post-EU referendum market?
Mark Pollack, a director of Aston Chase estate agency, says: “The truth is no one really knows what is going to happen to the market. I don’t think it is on the brink of collapse, but there could be some unique opportunities.”
Here is how the experts think you might take advantage of them:
Be realistic about discounts
Price drops of 30 to 40 per cent are being touted in areas where there is an oversupply of new-builds, but for most individuals (rather than investors buying multiple properties) buying new-builds or second-hand houses, the discounts are likely to be about 10 per cent or less.
Charlie Smith, the managing director of Prime New Developments, who negotiates discounts on new-build properties for clients, says 5 to 7 per cent off the asking price is realistic. Smith recently negotiated a 7 per cent discount on properties in Camberwell on the Green, in southeast London, that ranged in price from £450,000 to £950,000.
Forget Panama, get your papers for Costa Rica. Brits are coming around to the low prices and high quality of life, says Liz Rowlinson.
The Central American location that has been grabbing all the headlines of late has been the tax haven of Panama. Yet its neighbour Costa Rica is attracting investors for the right reason.
The lush country full of forests, waterfalls, jungle-fringed beaches that espouses the "pura-vida" - a carefree sense of life - is often rated as one of the "happiest places on Earth", and is increasingly viewed as the safe alternative to Mexico.
To view full Daily Telegraph article click here
We discover Samujana's Island, a beautiful development in Koh Samui, Thailand, that's been billed as 'a passport out of the ordinary into the awesome'. Located in the Gulf of Thailand, Koh Samui is the third largest island in Thailand and only a 45 minute flight from Bangkok and Phuket Island, making it just accessibe enough to get your brood there easily, while still managing to feel a million miles from anywhere.
Poised on an intimate hillside overlooking a coral cove with private beach access, Samujana is located on the north east coast of the island, mere minutes from the airport and beaches of Choeng Mon and Chaweng.
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St Lucia is synonymous with the Pitons, the dramatic (and Unesco-listed) twin sugarloaf peaks that rise romantically out of the tropical sea on the southwest coast — and the luxurious Six Senses resort is right at the foot of them. It’s the perfect setting for the Six Senses brand, known for its natural, spa-like resorts in tropical paradises such as the Seychelles and Thailand.
This outpost has a signature spa, three restaurants, a tennis club, an observatory, an outdoor cinema, in-house catering and valet, concierge and chauffeur services. As well as 77 one- and two-bedroom resort villas, there are 45 private residence villas (two, four and six bedrooms), each of which has a pool. Prices start at $1.35m.
To see full article from the Sunday Times click here
La Mandallaz features in Country and Townhouse at number 9 in their top 10 ski chalets to buy in the Alps.
Luxury development portal in US sales push. The luxury property platform set up by UK Sothebys International Realty boss Charlie Smith has hired a Sales Director to lead a sales drive across the US and Latin America.
Building on a “strong” presence in Europe, PrimeNewDevelopments.com has recruited Costa Rican based Tina Wallace who brings “vast” experience gleaned from working with some of the world’s biggest development teams – including Macdonald Development Corporation and latterly from running her own real estate advisory business, TS Water.
To view article click here
'A picture is worth a thousand words'. Never has this adage rung truer than when related to the hugely visual world of property.
This explains why Charles Smith, the man behind freshly launched international property website primenewdevelopments.com, has chosen a very picture-led approach.
We want enough alluring photographs of homes for people to look at, but also to tease them so they’ll be desirous to find out more,” he says.You’d expect no less from someone with 20 years property experience, the last 14 of which were with Sotheby’s International Realty in the UK. There he learned how to get the message out about wonderful products to discretionary buyers.
As well as displaying photographs of sleek, upper-scale developments to whet the appetites of those browsing the site,Smith has also come up with an innovative way to explore by placing the property in a triad of lifestyle groups.Other pluses include a more advanced search linked to a favourite location, saving your own cache of searches, viewing prices in a preferred currency and the currency of the developers, and maximum distance listings from the property to a specified airport or town.
"This new palette of site benefits both the buyer and developer," suggests Smith.“Buyers love being able to begin the process by thinking about how they live – do they want to be by the sea or in a ski-in ski-out Alpine lodge? - and then distilling their selections via the site.”And developers appreciate getting responses in ‘real time’ from purchasers. “They don’t have to go through a third party that might not have the answers. They can say, ‘we don’t have any two-bedroom apartments left, but a three-bedroom place is being released when we kick off the last phase. Why not fly out this weekend and take a look?”
To see the full article click here
In an RCIVentures.com exclusive, CHARLIE SMITH of property portal PrimeNewDevelopments.com argues that lifestyle has become the governing factor when it comes to purchasing luxury holiday property – developers should take note.
The old adage that real estate purchases are all about ‘location, location, location’ is starting to become, well, old.
While it might hold true that a typical property purchaser will search for real estate based on location first, followed by price, at the luxury level there has been a huge shift in criteria driving the purchase decision. At the upper end of the market it’s all about lifestyle – at least half the property enquiries I saw while working at Sotheby’s International Realty were based on lifestyle choices.
Rather than searching for a luxury second or holiday property by location, more and more people are deciding what they want to do before where they want to do it, whether their preference is for the perfect beach to lie on, beautiful mountain to ski down or an exciting city to invest and spend time in.
To view full article online click here