Currency brokers MoneyCorp and HIFX release reports concerning the overseas property market. HIFX, the currency specialist, released a report concerning trends for British buyers when buying property abroad. September 2006 sees investment in Bulgaria and Romania rise in popularity following the European Commission’s announcement that both countries will be admitted to the EU in January 2007....
Buy property abroad
Demand for French ski property has increased as British skiers turn to buying French Ski property rather than renting. Marr International Ltd the company behind overseas property web site Homesgofast.com report a 30% increase in enquiries for French Ski property compared to this time last year. Nicholas Marr CEO ' On speaking to many clients it is clear that many...
British Banks Barclays and Natwest are both getting to grips with the ever increasing overseas property industry. Barclays today launched a new service designed to help those planning to buy property overseas. The Web site and telephone service was unveiled at the "A Place in the Sun Live" overseas property exhibition at the NEC in Birmingham. Suzanne Clay, European business development...
Cape Verde is becoming a destination of desire for Brits looking to buy property abroad, according to the latest research.Currency specialist HiFX found that the number of Brits enquiring about property on the island more than doubled â and almost trebled â since March 2006.While just five per cent of enquiries about buying property abroad were about Cape Verde in March, by July the...
The number of Brits choosing to invest in the Bulgarian property market has had an overwhelming impact on one small town in the country.According to a report in the Independent, the influx of Brits has turned the town of Bansko in Bulgaria into a "small corner of Britain in a foreign field", as the country continues to prove popular for overseas property investment.With the area offering fantastic skiing...
French property has been described as a potentially favourable area for investment, with certain regions emerging as surprise hotspots.According to property specialists Assetz, the conditions for overseas property investors are currently positive in France, with the country seeing its largest degree of growth since 2000 in the second quarter of this year.The French economy, the second largest in the...
The Canadian property market is set to offer increased levels of supply to overseas property investors in the near future, with a record number of housing starts measured in July.Construction was commenced on 236,500 units last month â an increase of 100 units compared to July, figures from the Canada Mortgage and Housing Corporation (CMHC) show.On a seasonally adjusted basis, the annual rate of...
Bulgaria's progress towards accession to the EU, a development which could make the country's property market substantially more accessible for overseas investors, is moving forward well, according to an EU official.Justice and home affairs commissioner Franco Frattini said that he was "more optimistic" about the country's progression following his most recent visit, according to Overseas Property...
Investors are being warned away from banks when changing the thousands of pounds needed to buy a foreign property. According to brokers Foreign Currency Direct, buyers could have lost £1.8 billion due to poor deals on foreign exchange, banks typically giving worse rates for Euros than brokers. Yet 86 per cent of people buying abroad still use their bank, Commercial FX claims. "To make the most of...
Prospective overseas property investors have been offered some advice by financial website This is Money on the essential steps that should be taken before making an investment. Research is an essential precursor to buying a property abroad, the website states, with the internet providing the perfect forum on which to do this. Gain as much information as possible about the country you are interested in and...