mortgages for french property

The British tourists has always been an adventurous type, you want new places before the rest of the world. It is therefore not surprising that foreign property buyers are of the same conviction. Britons were on the front of the queue for the emerging markets in new countries in Central and Eastern Europe, and is now happening with Northern Africa. This is interesting in light of the fact that many of the countries where the British are the leading real estate boom have closer relations with other European powers as they are with the United Kingdom.

Take Morocco's property market, for example. It was a popular destination for British travelers Bohemian in the 1960s, but with a history of colonial domination, it is the French, the more of a cultural influence here. However, British buyers are those who drive the growth of new purpose-built resort developments to the ground in Morocco. Some of this is a natural extension of traditional views on the southern coast of Spain, as it is only half an hour to fly to the Mediterranean coast of Africa. The developments here are a fraction of the price of a comparable property in Spain, and take little or no additional effort to reach.

Egypt is a similar situation, if the property market in Egypt is much more open, with customers from France, Russia, Italy and the United Kingdom, in search of the best developments and the perfect view to the sea for their properties. The prices are very much lower than in comparable countries, but the main difference is the way in the two countries have the interest of tourists and foreign property investors. Egypt will focus first on attracting tourists, and then build hotels, to the rising demand. The government has decided to increase investments in residential tourism, and with the help of the process of building and selling of real estate to foreigners - perhaps inspired by the success of the neighbors in the vicinity of Dubai.

Morocco, on the other hand, has decided, in the residential side of the tourist offers at the same time as the hotel developments. The government has pledged billions of euros in the development of new locations and creating the infrastructure to 10 million visitors per year in the country, thereby promoting income and GDP for the population.

There is another approach to the Cape Verde islands. The former Portuguese colony off the coast of north-west Africa, also has an influx of British overseas property buyers in recent years. The government has with the planned infrastructure improvements, including a new international airport, but the development of tourist beds on Cape Verde property companies. They even have some limitations on the amount and type of buildings to the type and nature of the islands.

Three different parts of North Africa are treating the growth of the foreign property market in different ways - but there is something for everyone in the new tourist hotspots here.

Pauline Felward is an expert in the field of Overseas Property, with specialized expertise in emerging markets around the world. Read the instructions to purchase a property in Morocco
Buying property in Egypt and Cape Verde for more information on the markets there. For this and more information on how to buy property abroad, please visit the BuyAssociation