Chamber Of Commerce Meeting July 2010

James Dearsley, European Sales Manager

Rob Handley, US Director

•The Overseas Property Market– Hounslow Chamber of Commerce, July 2010

Agenda

• General introduction about Atlas International

• A review of the current property market

• Information about Spain, Turkey and Italy and a review of certain products

• Question and Answer session

About Atlas International

• Established in 1977 and a group of over 8 companies

• Family Owned and Private Company

• Have helped over 75,000 buy property in Europe

• Operating out of 19 different countries

• Business built around “Inspection” or “Viewing” trips

The Current Market? • The most positive it has been in 2.5 years

– In fact we have done more business in the first six months as for the whole of last year

• There is a very evident move back to “traditional” markets• Spain has seen price drops in excess of 30% but sales volumes

are on the up and moving quickly• Turkey has seen sales volumes up 24% year on year• Italy has avoided the price drops and sales volumes are

steady• Cyprus and Greece had a recent sharp reduction of prices

(approximately 30% in Oct/Nov 2009) and recovering now

Spain•Lifestyle orientated facts

• 320 days of sunshine a year• Golf, skiing, water sports• Excellent infrastructure• Fantastically low cost of living • WHO designated the area of the Costa

Blanca as the healthiest in the World!• Regular flights in and out of the

country• A real mixture of cultures• 48 Blue flag beaches

•Buying orientated facts

• We have 67 properties available under £100,000!

• We have over 500 different properties ranging from £44,000 up to over £1 Million

• We have over 200 Resale properties

• We deal with over 250km of coastline from Denia down to Mazarron

• 70% mortgages are readily available

• Additional costs equate to 10-12% depending on whether you take a mortgage

Turkey

•Lifestyle orientated facts

• Over 320 days of sunshine a year• Coastline is a mixture of fabulous

beaches and tiny private coves• Friendly and helpful locals• Paradise for boat owners• Low cost of living• 3.5hrs from London flying time• 192 beaches that carry the Blue Flag

award• Exquisite food

•Buying orientated facts

• We sell over 500 properties ranging from £28,000 to £650,000

• Additional costs are approximately 6-8%

• Annual costs include a wealth tax set at 0.5% of the property per year (£250 on a £50k property for example)

• We cover property over 600km of coastline from Antalya to Kusadasi

• No Capital Gains tax after 5yrs• Only New properties but could

source resale if required

Italy•Lifestyle orientated facts

• Year round Mediterranean climate• Turquoise waters, sand, and snow!• Low cost of living• Advanced infrastructure• Friendly, family oriented people• Amazing food and wine• Fashion and culture• Healthy living in Mediterranean

paradise• You can be skiing within 1.5hrs• Voted the 5th Best Place to retire to by

the Sunday Times (18th July 2010)

•Buying orientated facts

• Over 10 developments available with over 150 properties

• Prices range from £45,000 to £550,000 but can go higher if needed

• Additional costs are approximately 13-16% depending on whether you take a mortgage

• New and Resale properties offered• No capital gains tax after 5 years• No inheritance tax• Overseas buyers have a

straightforward purchase

Inspection trips

• The best and safest way to buy a property overseas

• We try to use people that have bought through us as your guides

• Four day trips are preferred and we pay all costs while you are on the trip

• Special offer for the Hounslow Chamber of Commerce

So, what will it be?!