Flip through the latest issue of Gulf Weekly.
The property market is getting ready to make a comeback, industry experts claim, and now could be just the time to make a purchase.
"The market is certainly giving all the appearances of being ready to bottom out and, when it does, there will be a shortage of good stock. This inevitably brings supply and demand back into the market place forcing prices back up," says Serge Cowan, MD at Unique Living international property search and estate agency.
"Therefore, now is a good time to buy whilst there are some distressed sales and good buys around. Once these have gone, they will probably never be as reasonably priced again.
"Some people are delaying as they wait for someone to shout 'the market has hit rock bottom' it simply does not work like that, sometimes you have to go with your gut feeling.
"However, for those willing to commit there are some exceptional opportunities to secure luxurious homes of the highest calibre in stunning locations. We recently had a property in St Tropez that was reduced from 4.8 million euros to 3.7 million euros and in the space of two weeks we had no fewer than three offers.
"These were buyers who two to three years ago, when they began their search, were totally priced out of this particular type of high end home; now they are the ones seeing real value in the market.
"To help serious buyers evaluate the price marketing of our properties we have looked at all the stock taken on before the crash at the end of 2008 and have clearly detailed the value of each individual property when it came to the market, the new price and the percentage drop where we can.
"As far as I am aware we are the only company to be demonstrating this to our customers. New properties taken on are priced at figures that reflect the current market."
All properties reduced are clearly marked on Unique Living's web site and it claims there are some exceptional offers around at the moment such as a superb four bedroom villa at Souni, Limassol, Cyprus where the owner has dropped the price from 1,000,000 euros to 895,000 euros.
There is this six bedroom villa on the French Riviera with a reduction of 21.85 per cent in the asking price.
This beautiful property sits on a plot of some 5,000 sq/m with a living space of 350 sq/m. There is a welcoming living room with fireplace, and a fully fitted kitchen. Golfe St Tropez has however, as its most breathtaking feature, expansive grounds with beautiful sweeping lawns. A spectacular, freeform, swimming pool is a central feature. The property was on the market at 7,750,000 euros and is now reduced to 5,900,000 euros.
"In the South of France particularly, there is currently a lot of activity from those with euros to spend.This particular part of France will always be in high demand and those in desperate need to sell are currently offering homes at amazing discounts," said Mr Cowan.
For further details visit www.uniqueliving.com
