Archives for March 2006

March 30th, 2006

Wondering how you are going to get to your holiday home without breaking the bank? A new website, Flycheapo.com, could have the answer. The idea is so simple that it is surprising that no one else thought of it before, especially, since, as a rule, these airlines do not feature ...

Continue reading Cutting the Cost of Air Travel

March 29th, 2006

Catalonia to oblige estate agents to register El Pais reported that there are still some instances of individuals who buy and sell properties in Spain without being affiliated to any professional institutions, or even officially registered. The Catalonian government is looking at changing this by focusing on the property industry and ...

Continue reading Spanish property market news this week

March 28th, 2006

Rising debts and poor pensions will lead to a new kind of “anthill” family, with many generations living and working together, a report said yesterday. “Anthill” households will lead to parents and grown up children pooling mortgages, bills and even pensions so that everyone can retire with a comfortable income. The report, ...

Continue reading Debts will turn family homes into ‘anthills’

March 27th, 2006

House Buyers ‘Making Sacrifices’ Britons are taking on extra jobs or cancelling holidays to be able to buy their first home, a survey suggests. The research, carried out by broker Purely Mortgages, also claims more than a quarter of people are entering the property market without a deposit. It said one-in-five first-time buyers ...

Continue reading UK property news this week

March 24th, 2006

Expatriates considering transferring their pension rights from the UK to their country of residence should seek specialist advice as this is not a simple decision. It may be possible to transfer pension arrangements built up in the UK. Whether it is wise to do so depends on the type of scheme, ...

Continue reading It Pays to Ponder Pension Transfers

March 23rd, 2006

It has been claimed that the UK’s property market is set to benefit from an explosion in interest from baby-boomers. According to new research carried out by Prudential and Datamonitor, the post-war generation who were born and grew up in the aftermath of the Second World War are about to start ...

Continue reading Baby-boomers set to push UK property market

March 22nd, 2006

GORDON BROWN is about to raise Britain’s tax burden to its highest ever level, raking in nearly 1m GBP’s a minute. An analysis by the accountants Ernst & Young, based on the Treasury’s own figures, shows the chancellor will match the record high for the tax burden this year and rise ...

Continue reading Taxes Hit all-time High

March 20th, 2006

Britain has the highest rate of “guzumping” in Europe and nearly 3.3 million home buyers, constituting 37 per cent, had been victims of this practice, according to a study by life insurance firm Scottish Widows. Guzumping is a practice where a seller of a house agrees to an offer by a ...

Continue reading UK tops in Gazumping in Europe

March 17th, 2006

The housing market recovery gathered pace in February, with price rises the firmest since June 2004, according to the latest survey by the Royal Institution of Chartered Surveyors. The surveyors report, out today, said buyer confidence has returned to the market with the number of new purchase enquiries rising yet again, ...

Continue reading Economy Driving Steady Housing Demand

March 16th, 2006

Average Spanish mortgage rises to EUR 144,352 Figures from the National Institute of Statistics show that the average mortgage loan value rose to EUR 144,352 in November 2005, 15 percent higher than November 2004. Average property prices rose to EUR 130,761, up 15.9 percent on a year before. Spanish investors turn to ...

Continue reading Property Market News in Spain this week

March 15th, 2006

People who buy a home abroad fall into categories,rich, poor, level headed, impulsive, plus a few in between, says Damian Barr Once upon a time there were those who owned a second home abroad. They bought it for pre euro peanuts and did it up slowly. It was something lovely, a ...

Continue reading Which Overseas Buyer are You?

March 14th, 2006

More people than ever, even expats, are opting to beat the winter blues with a second property overseas where it is warm all year round, but what is the best way to pay for it? Britain’s biggest building society, Nationwide, reports an 85pc increase over the past decade in the number ...

Continue reading The Big Dilemma on Costa Costs

March 13th, 2006

If you escape often to your second home in the Loire Valley or enjoy spending August sipping sherry at tapas bars off the Plaza Mayor, you might want to consider setting aside some euros ahead of time to finance your excursions. The tough part is working out the best way to ...

Continue reading Find a Good Home for Holiday Money

March 10th, 2006

The cost of owning a home rose by more than three times the rate of inflation in the 2004/05 financial year, according to research published today by mortgage lender the Halifax. The combined cost of mortgage payments, council tax and fuel bills was 7% higher than in the previous year, increasing ...

Continue reading Household Costs ‘Outstrip Inflation’

March 9th, 2006

A strong February in the UK housing market has more than compensated for a minor setback in January, as increases to house prices point to a revived industry. A survey from HBOS found that house values increased by an average of 1.4 per cent in February, as confidence continued to rise ...

Continue reading British House Prices Climbing