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14 November 2012

FSA warning on investment in overseas eco development

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by Gill Montia

FSA warning on investment in overseas eco development
The Financial Services Authority (FSA) says it is concerned that some homeowners are being urged to take out a mortgage secured against their UK property to fund an investment in an overseas development. The regulator has received reports that people ...

31 October 2011

HMRC gets to work on overseas properties

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by Gill Montia

HMRC gets to work on overseas properties
Tax cheats who own overseas property are being targeted by a new team of investigators and specialists at HM Revenue & Customs (HMRC). The 200-strong team began work this month, using assessment techniques to identify areas where wealthy individuals may be ...

20 July 2011

Spanish house prices down 22% on 2007 peak

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by Gill Montia

Spanish house prices down 22% on 2007 peak
Spanish house prices registered a 6.6% year-on-year decline in June, compared with an annual fall of 5.9% in May. According to the latest IMIE house price index from real estate valuation specialist, Tinsa, the cumulative decline now stands at ...

19 May 2011

Brits reveal top ten reasons for not moving abroad

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by Gill Montia

Brits reveal top ten reasons for not moving abroad
New research from Aviva UK Health indicates that the British sense of humour, favourite TV shows and the nation's food and drink rank among the top 10 reason for not relocating overseas. The findings come from ...

16 September 2010

France more popular than ever Brits buying abroad

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by Gill Montia

France more popular than ever Brits buying abroad
Conti has reported that France is more popular than ever for Britons buying abroad. According to the overseas mortgage specialist, the country has taken a 43% share of its mortgage enquiries so far this year, representing a 12% rise on ...

9 August 2010

State pension alert on overseas retirement plans

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by Gill Montia

State pension alert on overseas retirement plans
Standard Life has identified the top retirement hotspots outside the UK, as follows: Spain, France, USA, Canada, Ireland. However, the insurer reminds would-be ex-pats that their UK state pension may not rise once living abroad, meaning that 20 years down the ...

29 July 2010

Economic doldrums drive international property interest

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by Gill Montia

Economic doldrums drive international property interest
The Capital Gains Tax hike and the start of the summer holiday season have had no real impact on interest in international property. According to the latest Primelocation International Search Index, total searches for overseas property were down 7% in June but ...

14 July 2010

A third of overseas property searchers looking to emigrate

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by Gill Montia

A third of overseas property searchers looking to emigrate
One third of all those considering buying property abroad are looking to emigrate permanently, according to recent research by Primelocation International. In a survey of over 1,500 people, 33% said that a desire to relocate abroad permanently was behind ...

29 June 2010

Conti offers 1.95% euro mortgage on French properties

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by Gill Montia

Conti offers 1.95% euro mortgage on French properties
Overseas mortgage specialist, Conti, is offering one of its lowest rates ever for properties in France, at 1.95%. According to the firm, France has always been a safe haven for overseas buyers because of its relatively stable property market ...

15 June 2010

Interest in international property remains high

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by Gill Montia

Interest in international property remains high
Searches for international property increased by 109% between May 2009 and May 2010, according to Primelocation.com. Month-on-month searches were up 3%, with eight of the top-ten countries registering an increase in interest and Spain regaining the top spot from France. The two ...

10 June 2010

Euro mortgages entice overseas property investors

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by Gill Montia

Euro mortgages entice overseas property investors
Overseas mortgage specialist, Conti, is convinced that UK overseas property investors who took out euro-denominated mortgages earlier this year are already seeing the benefits. Such a move would not only have allowed them to take advantage of cheap interest rates, but could ...

1 June 2010

Rent-before-you-buy offer for Spain

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by Gill Montia

Rent-before-you-buy offer for Spain
Clydesdale and Yorkshire Banks have joined forces with Spanish bank, Caja Mediterraneo (CAM), to give Britons thinking of buying a property in Spain the opportunity to rent before they buy. In addition, the scheme allows for rent to be discounted from the purchase price ...

19 May 2010

HomesGoFast.com launches iPhone app

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by Gill Montia

HomesGoFast.com launches iPhone app
A new iPhone application has been launched by HomesGoFast.com, allowing iPhone users to find properties for sale in over 70 countries. Claiming an industry first, the property portal says the app gives access to a database of 300,000 listings from international real estate agents, ...

18 May 2010

International property investors maintain momentum

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by Gill Montia

International property investors maintain momentum
Searches for international property increased by 111% between April 2009 and 2010, according to Primelocation.com. However, the property portal also reports that searches were down by 4% on March, with only three top-ten countries seeing a rise in interest. A number of events, notably ...

4 May 2010

Overseas property searches double

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by Gill Montia

Overseas property searches double
The dream of owning a property abroad remains high on the agenda for many Britons, according to Primelocation International. The property portal has reported a 95% year-on-year rise in online searches, as confidence in the economic recovery strengthens. Searches jumped 14% in March alone, with ...

26 April 2010

Expat lifestyle “sunnier in more ways than one”

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by Gill Montia

Expat lifestyle
Nine out of ten British expatriates say moving overseas has given them a better quality of life. According to research by NatWest International, a good life/work balance under-girds the sentiment, with 87% of respondents rating their personal balance in these ...


Overseas property investors recover their passion

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by Gill Montia

Overseas property investors recover their passion
Overseas property investors are feeling more inspired, according to research by Worldwide Property Group. In the property portal's March confidence tracker survey, 75% of respondents said they believe now is a "great" time to buy a foreign home. Furthermore, almost all ...

22 April 2010

Global house price recovery “somewhat shaky”

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by Gill Montia

Global house price recovery
Knight Frank has published its latest Global House Price Index covering the final quarter of 2009. According to the estate agent, almost half of the locations included saw growth last year; Asia Pacific led the way with prices increasing by 8%, on ...

20 April 2010

Spanish house price rout slows

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by Gill Montia

Spanish house price rout slows
Spain saw a slight easing of the downward pressures on its housing market during the first three months of 2010. According to the Spanish Housing Ministry, prices fell by an average 4.5% year-on-year, compared with an annual fall 6.2% in the final quarter ...

8 April 2010

Overseas property investors rush for mortgages

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by Gill Montia

Overseas property investors rush for mortgages
Confidence is growing amongst prospective overseas property investors, with foreign mortgage specialist, Conti, reporting its busiest month for almost a year. In March, the number of prospective buyers taking their mortgage quotes through to the application stage increased by 48%, compared with ...