On the Black Sea coast properties are selling for 25 to 40 per cent less than in 2007
Many Irish investors bought property in the German capital in the years following the fall of the Berlin Wall
This was supposed to be the year when a gradual economic recovery would lead to an increased interest in property both at home and abroad - but, as we all now know, nothing even close actually transpired.
A dispute has arisen between the Irish overseas property investment company Simple Overseas Properties (SOP) and a number of its clients in relation to deposits which were placed on properties in developments in Morocco and Spain.
The overseas property sector has changed almost beyond recognition over the past year.
Problems surrounding the purchase of property in northern Cyprus have been well publicised in recent years, but now issues concerning titled deeds in southern Cyprus, a full member of the EU, are increasingly beginning to emerge.