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March 24, 2010
Overseas property searchers about to get serious
Permalink: Overseas property searchers about to get serious
by Gill Montia
The international property market is continuing to perform well, according to Primelocation International.
The property portal's latest International Search Index shows a 72% rise in February searches, compared to a year earlier.
Activity dipped on a monthly basis but January ...
March 17, 2010
Pension plight unrelieved for British ex-pats
Permalink: Pension plight unrelieved for British ex-pats
by Gill Montia
Retired Britons who have chosen to live abroad have been dealt a blow by the European Court of Human Rights.
Following a lengthy legal battle, the Court's Grand Chamber has decided against forcing the UK government to pay annual state pension increases ...
March 3, 2010
European residential markets begin recovery
Permalink: European residential markets begin recovery
by Gill Montia
In its latest European Housing Review, the Royal Institution of Chartered Surveyors (RICS) has detected signs of recovery in both sales and prices.
According to the study, low interest rates and improving economies have allowed a "significant number" of European residential markets to ...
March 2, 2010
Saint compares worldwide top-end property costs
Permalink: Saint compares worldwide top-end property costs
by Gill Montia
Saint Property Search has undertaken a global survey of locations with houses at the top end of the market (asking prices of £500,000 plus) to find that Monaco heads the list followed by London, New York, Hong Kong and Tokyo.
The Scottish ...
January 22, 2010
Britons forced to demolish Northern Cyprus home
Permalink: Britons forced to demolish Northern Cyprus home
by Gill Montia
A ruling by the British Court of Appeal in the case of Apostolides vs Orams could have far reaching implications for Britons owning property in Northern Cyprus.
The case involves Meletis Apostolides, a Greek Cypriot, who claimed that David and Linda ...
January 19, 2010
Spanish house prices down 6.2% last year
Permalink: Spanish house prices down 6.2% last year
by Gill Montia
According to Spain's housing ministry, average house prices in the country fell 6.2% in 2009, compared with 2.8% in the previous 12 months.
However, in the final three months of last year the declined slowed to 0.5% compared with a ...
December 16, 2009
Interest in overseas property soars
Permalink: Interest in overseas property soars
by Gill Montia
Primelocation's International Search Index has revealed that in November, the number of searches for international property doubled, when compared to a year earlier.
The website logged over one million foreign property searches, taking levels of interest back up to pre credit crisis ...
December 14, 2009
Christmas exodus for overseas property investors
Permalink: Christmas exodus for overseas property investors
by Gill Montia
Primelocation International has been gathering intelligence on Britons who opt to spend Christmas in second homes overseas.
According to the property portal, 71% of those questioned "always" or "often" spend Christmas overseas and over half of this group are happy to ...
December 2, 2009
Overseas property investors gain on exchange rates
Permalink: Overseas property investors gain on exchange rates
by Gill Montia
New research claims that Britons who bought overseas properties four years ago in investment hotspots (but without a foreign mortgage) could cash in on significant gains, despite the recent volatility in global property prices.
According to Close Treasury, a division of ...
November 18, 2009
Britons eligible for Spanish property tax refund
Permalink: Britons eligible for Spanish property tax refund
by Gill Montia
A long-awaited ruling by the European Court of Justice means that Britons who sold property in Spain before 2007 and paid 35% in capital gains tax to the Spanish government could be eligible for a refund.
Under the country's tax laws, ...
November 14, 2009
jml urges holiday villa owners to focus on marketing
Permalink: jml urges holiday villa owners to focus on marketing
by Gill Montia
jmlvillas.com is reminding owners of overseas self-catering holiday homes that the long dark evenings of winter are just the time when people think about next year’s vacation.
The firm, which advertises holiday villas and apartments in France, Italy, Spain, ...
November 9, 2009
HomesOverseas features Athena Mortgages
Permalink: HomesOverseas features Athena Mortgages
by Gill Montia
HomesOverseas.co.uk, part of the Trinity Mirror Digital group, has updated its website with the launch of "HO TV", a new TV section.
The overseas property investment portal now includes a video about mortgage specialists, Athena Mortgages, which is apparently a leading player in the ...
October 22, 2009
Brits regain confidence in overseas property
Permalink: Brits regain confidence in overseas property
by Gill Montia
Primelocation has reported that searches for international property soared 32% in September, compared to a year earlier.
The month also saw search levels up 10% on August, indicating that consumer confidence in foreign property has begun to return.
According to the firm, the ...
October 21, 2009
Ireland to see 45% house price crash
Permalink: Ireland to see 45% house price crash
by Gill Montia
A leading credit ratings firm says it expects further significant house price falls in Ireland.
According to Fitch Ratings, house prices in the republic have fallen 24% from their December 2006 peak (based on data from the Permanent TSB/Economic and ...
October 9, 2009
Confidence in overseas property markets remains resilient
Permalink: Confidence in overseas property markets remains resilient
by Gill Montia
Conti has reported strong activity from British investors in overseas property markets.
The foreign mortgage specialist recorded a 20% increase in mortgage quotes during September, with the value of applications submitted to overseas lenders at a 12 month high.
The firm ...
October 4, 2009
Eurozone property investors can profit as sterling tumbles
Permalink: Eurozone property investors can profit as sterling tumbles
by Gill Montia
While the fall in the value of sterling against the euro could spell calamity for many UK investors in European property, Foreign Currency Direct has reported that some Britons are actually choosing the moment to sell up and make ...
September 16, 2009
Brits remain loyal to French and Spanish property markets
Permalink: Brits remain loyal to French and Spanish property markets
by Gill Montia
Mortgage specialist, Conti, is convinced that for UK overseas property investors, traditional locations will emerge victorious from the global market downturn.
According to the firm, investors are sticking to "proven" locations as revealed in its latest "hot spots" report. ...
September 2, 2009
British ex-pats fight for pensions justice
Permalink: British ex-pats fight for pensions justice
by Gill Montia
Campaigners for pension rights for retired Britons living abroad are to have their day at the European Court of Human Rights.
This week a case that could affect the pensions of thousands of ex-pats retired abroad will be heard at the ...
August 31, 2009
Foreign mortgage lenders look to recover debt in the UK
Permalink: Foreign mortgage lenders look to recover debt in the UK
by Gill Montia
Investors' Chronicle (IC) magazine is warning that some British investors in overseas property face a bleak future, claiming that "the standard holiday home investment model is clearly broken".
Prior to the credit crisis, cheap foreign mortgages and low-cost ...
July 24, 2009
Enormo listing tops 10 million
Permalink: Enormo listing tops 10 million
by Gill Montia
True to its name, Enormo, has reported that it is now displaying 10 million of the world’s real estate listings.
The international property portal claims to be the first website to collect and display such a large pool of residential and commercial properties. ...
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