Searching for prime property investments around the world got easier this month with the launch of Spot Blue, a website that showcases new-build and luxury homes for sale in international hot spots, including Europe, the USA and Caribbean.
Spot Blue, launched by Spot Blue International Property, brings together a portfolio of carefully selected property developments, listing them by location with full property details and a range of photos. Visitors to the site can browse buying opportunities in the UK, Spain, Portugal, USA, Turkey, Barbados, Mauritius and France. There is also a blog to keep investors informed about relevant real estate markets.
Director of Spot Blue International Property Julian Walker said: “Working only with established upmarket developers, many of them household names, our new site brings together what we consider to be a sample of the most attractive homes on the current global market. It’s not unusual for today’s international buyers, whether lifestyle or investment, to have a portfolio of homes spread around the world - our goal is to help them find them. Most of our listings are new-build or off-plan projects so offer strong capital appreciation potential.”
Spot Blue explains its choice of three key destinations:
The latest RICS survey for August 2016 showed a bounce-back in confidence in the UK property market, following a slow-down after the nation voted for Brexit. The results of the survey forecast a 3.3 per cent annual rise in house prices for the next five years.
“The recent weakening of Sterling after the Referendum has made the UK, but in particular London, especially attractive to foreign investors,” said Mr Walker. “There is well documented demand for housing in the UK, on all levels. Our listings include new projects suited to buy-to-let investors in Woolwich, Wimbledon, Battersea and Westminster.”
Foreign investors have helped put the Portuguese market well on the road to recovery in recent months. House price growth for the year from June 2016 is forecast to be three per cent, according to the most recent RICS/Ci survey (June), accelerating to an average of four per cent annually during the next five years. For 2016, the Algarve is expected to post growth of around four per cent and Lisbon three per cent.
“We are confident that Portugal will continue to see the positive effects of its Golden Visa and Non-Habitual Residency schemes, as more foreign citizens take advantage of the opportunity to invest and reside in the country. Lisbon is especially popular with foreign investors. We’re offering apartments in popular neighbourhoods there, priced from the £200,000s to the £700,000s. In addition, Portuguese mortgage rates remaining very low, helped by the ECB Euribor rate being in negative territory.”
Tourism and retired snowbirds aren’t the only drivers of the property market in the Sunshine State. The State’s economy and working population are on upward curves, so much so that Florida is forecast to become the third most populated US State by 2016. Orlando, the gateway to Florida and Disney, is at the centre of this mini boom. A positive indicator is the commitment to ongoing infrastructure upgrades, such as a new south terminal at Orlando International Airport, the expansion of the Interstate 4 and a new light railway, the Sunrail, linking Poinciana in Polk County with Orlando.
“According to the Florida Realtors association, prices for both single family homes and condos rose in the State in the second quarter of 2016 and significantly year-on-year. Our focus is on the Orlando market, where our properties start at less than £100,000 rising to over £500,000.