With the euro at an eight-year low against the pound, can we expect Brits to rush out and grab that bargain second home in the sun that they have dreamed of for so long, or have we become more cautious of the market’s fluctuations since the crash of 2008?
Spain’s property market is back on track. According to leading Spanish property valuation firm, Tinsa, 2014 showed the smallest nationwide house price devaluation since 2007 and, due to healthier supply-demand, record tourism figures (2014 should close on an all-time-high of 65 million visitors), an improving economy and falling unemployment for the second consecutive year, it expects house price variation to level out at 0% in 2015.
From commercial property investment to the saviour of ancient Italian architecture, it seems that 2015 could be the year of the new Italian renaissance so far as real estate is concerned.
Expats paid in US dollars and currencies linked to the US dollar are sitting pretty when it comes to planning their 2015 property purchases in the UK and Europe. Over the last 12 months, as the US economy has recovered and the Eurozone slumped, currencies have moved to reflect these changes.
The United States has the largest number of ultra-rich residents in the world – three and a half times more than its nearest rival, recent data shows.
With its ‘ghost airport’ now officially up and running, the eastern Spanish city of Castellon is tipped to be the property hotspot of 2015, according to leading Spanish property portal, Kyero.com.
Despite British expats now typically being classed as ‘high risk’ by UK lenders, mortgage approval should not be a struggle - if three key steps are taken, affirms the UK arm of one of the world’s largest independent financial advisory organisations.
This season, Powder Byrne celebrates 30 years of experience and knowledge in luxury ski holidays. The company, founded by Rory Byrne, has cemented its reputation in the ski travel industry and knows the UK market inside out.
Tourism in Spain contributed 11.7% to the economy in 2013, according to the latest data from Market Research Reports, with total tourism output reaching €191.5 billion.
It is now a year since work started on the major Poinciana Parkwayin Florida, USA, – and the $150million project is progressing well.
Gibraltar has returned from the ‘World’s Best Finals’ of the International Property Awards in association with Rolls-Royce Motor Cars with fantastic news – a global win for New Aloes.
Florida not only has an unbeatable lifestyle, the cost of living over the United Kingdom and many other countries is also much lower – particularly when you take into account buying or renting real estate.
Clare Nessling, director at Conti, the overseas mortgage specialist, reviews the overseas property market in 2014, and shares her predictions for the year ahead.
Spain’s mortgage rate is making headlines at present with Euribor (the rate usually used to set mortgage interest payments in Spain) falling to 0.335% in November with this record low leading many buyers to act fast in order to purchase the property of their dreams.
It’s that time of the year when planning for the New Year may well include planning a move abroad for those who are lucky enough to be able to build a career outside of the UK.
16 to 30 of 1946 for Overseas Property