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International Properties
Ursula is a member of CIPS (Certified International Property Specialists).
The CIPS designation recognizes members with training and experience in
working with international clients and properties. To earn the CIPS designation,
realtors must have an academic understanding of this specialized area of
real estate and have successfully completed international real estate transactions.
Ursula joins an elite group of almost 1,100 real estate professionals throughout
the world who have earned the CIPS designation and know how to buy dream
property.
View Current Listings
Or for all international listings please visit www.worldrealestateplus.com
to learn more about Ursula Morel's international properties.
Additional Client Services
International Residential & Commercial Real Estate
International Vacation & second Homes
International Investment & Portfolio Management
International Mortgage & Financing Consulting
International Translation Services
Local, National and International Referral System
Off The Beaten Via
Retirement-minded Americans are finding bargains in less traveled corners
of Europe
After several vacations in Italy over the years, Randall Briggs of Baltimore
was determined to spend his retirement living la dolce vita. Initially,
the 41-year-old entrepreneur had his heart set on the Italian Riviera, but
sky-high property prices put him off. While researching locales on the Internet,
he came across myvillainsardinia.com, which found him a property and walked
him through the buying process. "It seemed like we could get everything
we liked about Italy -- the culture, the scenery, and great weather -- at
a fraction of the price," says Briggs. A few months later he and his
wife became the owners of a $500,000, three-bedroom seafront villa in Torre
delle Stelle on the southeastern tip of the island. Advertisement
Forget well-trod destinations such as Tuscany, the south of France, or Spain's
Costa del Sol. While bargains are scarce elsewhere as well, pockets of opportunity
still exist in popular Western European countries. More adventurous retirees
as well as those looking ahead to retirement are even starting to head east
to Slovenia and Croatia. Thanks to the boom in low-cost flights within Europe,
these pieces of the former Yugoslavia are now more accessible to outsiders.
Looking for sparkling coastlines or rugged mountains, modern villas or old-world
cottages, at price levels that recall Provence and Tuscany back in the 1980s?
You'll find them in these offbeat areas -- but for Americans, there are
some inconveniences. Direct flights from the U.S. aren't always possible,
for instance, and English may not be widely spoken. "You need to consider
the practicalities of everyday life," says Naomi Greatbanks, who heads
the international network at the London office of the British real estate
company Savills.
WHERE TO GET HELP
The buying process involves a fair amount of red tape, especially in Eastern
European markets that have only recently opened to foreigners. In places
such as Croatia and Turkey, mortgages aren't available, so you'll need to
bring cash.
No matter where you buy, it's best to get professional help. The National
Association of Realtors (realtor.org) will refer you to a certified international
property specialist who has expertise in the country you choose. A local
lawyer is also key, and so is title insurance. These policies, sold by major
U.S. insurers, offer added protection should anyone later try to lay claim
to the property, says Angela C. Eliopoulos, founder of Global Owner Property
Consultants in Burke, Va.
For most Americans contemplating a European retirement, France and Italy
remain the most popular destinations. The region known as the Midi-Pyrénées,
between Bordeaux and Toulouse in southwestern France, is still relatively
undiscovered by tourists. Yet it offers medieval villages, rolling green
countryside, and excellent cuisine. Better yet, home "prices are roughly
half of what you would expect to pay on the coast," says Greatbanks.
"You're away from the crowds but still close to good transportation
and services."
House prices and types vary widely. You can find renovation projects such
as a 200-year-old stone barn set on 2.5 acres in Tarn-et-Garonne for less
than $100,000. Fully modernized properties start at $250,000, while $1.3
million can buy a restored 16th century chateau set amid the vineyards of
Lot-et-Garonne.
If Italian is more your language and style, consider Puglia, Italy's boot
heel. Known as Apulia in English, it's famous for its wine, olive oil, and
traditional conical-shaped stone houses called trulli. Do-it-yourselfers
can buy a totally unrenovated trullo for as little as $65,000. It is also
possible to get a new three-bedroom villa with sea views and a pool for
under $300,000.
DIRECT TO ZAGREB
Croatia's version of Tuscany, Istria, is another place that offers an Italian
flavor. It's less than an hour's drive from Trieste's airport in neighboring
Italy or three hours from Zagreb, to which you can fly direct from the U.S.
It has beautiful rocky beaches and plenty of history and culture. Three-bedroom
villas average about $310,000, and newly built apartments go for as little
as $50,000.
To purchase property in Croatia, you must get permission from the government,
a process that can take six months to a year. Many foreigners who don't
want to wait get around this hurdle by setting up a Croatian company, essentially
a shell that holds the property, for about $1,000. Another potential pitfall
is gaining clear title. Because Istria has passed through Italian and then
Yugoslavian hands, restitution claims are always possible. The best way
to avoid them is to enlist the services of an English-speaking local attorney.
The U.S. Embassy in Zagreb can supply referrals.
Just north of Istria lies Slovenia, a country roughly the size of Massachusetts.
It's an outdoor lover's paradise: The Julian Alps in the north offer stunning
scenery and top-notch skiing for a fraction of the cost of resorts in France
or Switzerland. Access from the U.S. is via the charming medieval capital
of Ljubljana. The main stumbling block for Americans is the tongue-twisting
Slovenian language, with all its j's and double l's. Many younger people
speak some English, especially in the capital and resort areas. Your best
bet is to use an English-speaking property finder such as slovenianproperties.com.
Briton Jeremy Lee, a fiftysomething wine consultant, didn't let the language
barrier get in the way of finding his dream retirement home. Originally
he planned to buy in the south of France, but one trip to Slovenia changed
his mind. He spent $44,000 for a farm in Lemerje, in the northeast, and
plans to invest an additional $40,000 or so to turn it into a luxury home
with apartments to rent to tourists. "In Britain I couldn't even buy
a garage for that money," he says.
For something more exotic, take a look at Turkey. A law enacted this year
that gives foreigners the right to purchase property is expected to trigger
a boom in prime coastal properties. Bargains abound even in highly sought-after
areas such as the Turquoise Coast, where the Mediterranean and Aegean Seas
meet. The Saint-Tropez of Turkey is Golcek, a resort on the Gulf of Fethiye.
It has four marinas and easy access to Dalaman Airport, which offers direct
flights to the Continent. Golcek benefits from tightly controlled development.
Luxury villas at the newly built Golcek Hills estate start at just under
$400,000. Anything comparable in the U.S. would cost at least twice the
price. |