London, UK (PRWEB) September 12, 2007
A prime example of the budget airline effect has been Bulgaria where a major increase in flights has hiked both property and rental prices. Property reports show an estimated €310 million worth of property was purchased by overseas buyers in Bulgaria within the first three months of 2007. This news was in fact three months after Ryanair and easyJet announced flights schedules to both the countries ski and coastal resorts.
Obelisk International's Investment Director, Kevin Prior comments 'The budget airline industry is booming, indicated by easyJet's 50 new routes announcement, and projections that the growth is set to continue across the world ensures the viability of the fly-to-let industry. Knowing exactly where the cheap flights are travelling to is certainly a key element to investment success.'
'Airline routes are a very important factor when dealing with emerging overseas property markets. On that basis all of Obelisk International's projects undergo a huge selection and research process, including the assessment of frequent or planned frequency of flights available to service the rental market.'
New budget flights by Monarch and Ryanair has prompted huge expansion to Paphos and Larnaca airports in Cyprus and has heightened property investment interest in the country. Morocco, which has seen massive funds for the country's infrastructure, is due to see 20 new routes on offer within the next 5 years, along with other areas such as Latin America, which are also enticing overseas property investors with flights being offered by Thomson fly.
Mr Prior says: 'Obelisk keeps a close eye on the airline operators and the new routes on offer as it can indicate where the new property hotspots are going to emerge, and in general these markets are up and coming and provide a strong ROI. The fierce competition and price wars between the airlines can ultimately equate to higher rental prices as the consumer saves on travel costs.'
Three main factors Obelisk research team state need to be addressed, when looking at the prospective destinations in terms of transport; frequency, cost, and ease of travel to and from the property. Travellers want to be able to select specific dates, pay as little as possible on flights, and of course, ensure transfer times are kept to a minimum.
This further confirms that property investors looking to enter the overseas real estate market should be looking carefully at the budget airline press pages for strategic property investment planning.
For more information on overseas property investment news and to find out about Obelisk International's latest projects, contact:
Obelisk International on 0808 1600670 or email info(at)obeliskinternational.com or visit our website: http://www.obeliskinternational.com/.