Buying investment properties is likely to become more popular in the near future, according to new research.
A report by industry figures at the International Property Investment pavilion stated that more than one million Britons now own a second home in another country.
More than £20 billion was said to have been spent on such flats, largely with the intention of generating further wealth.
In the past three years, the international property market has become an increasingly attractive investment vehicle.
Within the next three years, about 35 per cent of independent financial advisers would be giving advice on foreign property investments, as the trend was set to continue.
This follows a separate study by Yorkshire Bank which found that more than four in ten Britons were considering buying an overseas property, ideally in a sunny location such as Spain.
Cheers mates!
jueves, 28 de agosto de 2008
martes, 26 de agosto de 2008
Cool buyers dash hopes of rebound
Of the 795 properties up for auction, just 60% were sold, making yesterday the worst Saturday to sell a house in Melbourne since mid-2005.
Last weekend the clearance rate was 68% and a year ago it was 84%.
Although vendors were not enjoying the same runaway prices, the market had moved to a more sustainable position.
Successive interest rate rises by both the Reserve Bank and banks acting independently, along with sharemarket volatility and the rising cost of living, have all contributed to the dip in consumer interest.
Recent REIV statistics show median values across Melbourne dropped for the first quarter of the year, which also adversely affected the market and gave flats buyers little reason to bid up property prices.
In the inner suburb of Abbotsford, Biggin & Scott passed in a two-bedroom terrace in leafy Charles Street, after failing to receive an offer from the 40-strong crowd.
Cheerio mates!!! I like you so much better when you´re naked!!!
Last weekend the clearance rate was 68% and a year ago it was 84%.
Although vendors were not enjoying the same runaway prices, the market had moved to a more sustainable position.
Successive interest rate rises by both the Reserve Bank and banks acting independently, along with sharemarket volatility and the rising cost of living, have all contributed to the dip in consumer interest.
Recent REIV statistics show median values across Melbourne dropped for the first quarter of the year, which also adversely affected the market and gave flats buyers little reason to bid up property prices.
In the inner suburb of Abbotsford, Biggin & Scott passed in a two-bedroom terrace in leafy Charles Street, after failing to receive an offer from the 40-strong crowd.
Cheerio mates!!! I like you so much better when you´re naked!!!
lunes, 25 de agosto de 2008
Buyers in Spain should consider regional variations
Overseas property buyers have been advised to consider regional variations in the Spanish market.
The Telegraph stated that people should not perceive the property market in Spain as a "homogenous whole", as each region had its own unique trends and attributes.
For example, it said that while areas such as Mallorca and Costa de la Luz were faring well, places such as Galicia and Castellon were emerging markets that offered different investment prospects.
However, the publication stated that overseas flats & houses buyers did not tend to enter the Spanish market with the intention of earning large sums in a short period of time.
Spain was instead described as a "lifestyle destination", meaning that people chose to purchase property there in order to enjoy the country itself rather than the financial rewards.
The newspaper said: "Spain still offers the enduring attractions of an appealing climate, cheap flights, great quality of life and widely-spoken English."
Take it easy mates!
The Telegraph stated that people should not perceive the property market in Spain as a "homogenous whole", as each region had its own unique trends and attributes.
For example, it said that while areas such as Mallorca and Costa de la Luz were faring well, places such as Galicia and Castellon were emerging markets that offered different investment prospects.
However, the publication stated that overseas flats & houses buyers did not tend to enter the Spanish market with the intention of earning large sums in a short period of time.
Spain was instead described as a "lifestyle destination", meaning that people chose to purchase property there in order to enjoy the country itself rather than the financial rewards.
The newspaper said: "Spain still offers the enduring attractions of an appealing climate, cheap flights, great quality of life and widely-spoken English."
Take it easy mates!
miércoles, 20 de agosto de 2008
More passengers flying on most popular airline routes
The number of British passengers flying on popular airline routes has gone up in the last 12 months, according to new figures.
This had a direct impact on the ticket prices for these services.
The organisation stated that the rate of price inflation in 2006 was lower than in previous years, as different carriers were competing for custom on important routes.
Traditional airlines were said to have ramped up costs by just five per cent, while low-cost carriers increased ticket prices by ten per cent.
The research could prove to be of interest to overseas property investors (flats, houses, villas...) , as the rate of price growth may indicate which routes are the most popular among travellers.
Italy and Spain are the two most popular holiday destinations in Europe among British tourists.
Take it easy mates!
This had a direct impact on the ticket prices for these services.
The organisation stated that the rate of price inflation in 2006 was lower than in previous years, as different carriers were competing for custom on important routes.
Traditional airlines were said to have ramped up costs by just five per cent, while low-cost carriers increased ticket prices by ten per cent.
The research could prove to be of interest to overseas property investors (flats, houses, villas...) , as the rate of price growth may indicate which routes are the most popular among travellers.
Italy and Spain are the two most popular holiday destinations in Europe among British tourists.
Take it easy mates!
lunes, 11 de agosto de 2008
Malaga VS Britons
Higher than average property prices are not deterring Britons from investing in Malaga, according to experts.
Figures from the website showed that the average flats price of property in the region was £210,997 - 26 per cent above the national average of £168,112.
However, other regions were said to still offer potential bargains to overseas investors, such as Cordoba, Albacete and Jaen.
The popularity of Fuerteventura has increased, one of the Canary Islands.
The site stated that although the population had doubled in the last ten years, the island still had average property values of £155,860.
According to NatWest International, the good climate and close proximity of Spain to Britain are two of the main reasons for the country's popularity among investors and holidaymakers.
Cheers brothers, keep it going, do not surrender!
Figures from the website showed that the average flats price of property in the region was £210,997 - 26 per cent above the national average of £168,112.
However, other regions were said to still offer potential bargains to overseas investors, such as Cordoba, Albacete and Jaen.
The popularity of Fuerteventura has increased, one of the Canary Islands.
The site stated that although the population had doubled in the last ten years, the island still had average property values of £155,860.
According to NatWest International, the good climate and close proximity of Spain to Britain are two of the main reasons for the country's popularity among investors and holidaymakers.
Cheers brothers, keep it going, do not surrender!
sábado, 9 de agosto de 2008
Spanish 'Champion League' is in the air
Low-cost airlines are becoming increasingly competitive about getting a slice of the Spanish tourism market, it has been reported.
Ryanair and easyJet are among the carriers who have plans to expand operations in the country, according to the AFP, fuelled by high demand from travellers.
While holidaymakers make up a large part of the market, the carriers are believed to want to tap into the expat sector.
Overseas property investors, not only flats or houses, are among the groups relying on low-cost carriers to transport them between the UK and their investment.
HiFX, the currency firm, recently noted that Spain's appeal as a property investment destination has something to do with the low-cost air links between the country and the UK.
An abundance of low-cost airline routes, a two-hour flight time and the great weather mean that Spain will always be a favourite with British buyers.
Cheers!
Ryanair and easyJet are among the carriers who have plans to expand operations in the country, according to the AFP, fuelled by high demand from travellers.
While holidaymakers make up a large part of the market, the carriers are believed to want to tap into the expat sector.
Overseas property investors, not only flats or houses, are among the groups relying on low-cost carriers to transport them between the UK and their investment.
HiFX, the currency firm, recently noted that Spain's appeal as a property investment destination has something to do with the low-cost air links between the country and the UK.
An abundance of low-cost airline routes, a two-hour flight time and the great weather mean that Spain will always be a favourite with British buyers.
Cheers!
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