Archives for March 2006

March 31st, 2006

France and Spain remain the most popular choice for overseas property buyers, according to a new survey. This is because the majority of British overseas property buyers are ’traditionalists’ who see their overseas purchase either as a holiday home or somewhere to retire to. Foreign currency specialist HIFX reports that ...

Continue reading France and Spain top with overseas property buyers

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 ...

Continue reading Cutting the Cost of Air Travel

March 29th, 2006

Catalonia to oblige estate agents to registerEl 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 ...

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 ...

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 ...

Continue reading Taxes Hit all-time High

March 21st, 2006

The couple who bought a piece of land that turned out to belong to someone else. The developer who vanished with the deposit. The builder who hadn’t got planning permission before building a dream villa.For the thousands of success stories of new homes in the sun, there is ...

Continue reading AIPP to the Rescue!

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 ...

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 ...

Continue reading Economy Driving Steady Housing Demand

March 16th, 2006

Average Spanish mortgage rises to EUR 144,352Figures 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 ...

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 ...

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 ...

Continue reading Find a Good Home for Holiday Money