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...
Buy property abroad
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...
A new survey has found that the lifestyle offered by investing in a property abroad is more of an incentive for most individuals than the profit that can be gained. According to research conducted by YouGov, 62 per cent of people see the chance to live in warm, sunny weather as the main benefit of living abroad, Overseas Property Professional magazine reports. Half of the people surveyed saw moving...
The Central American country of Costa Rica has been identified as one of the most popular areas for overseas property investment for retirees, business owners and second home buyers. A multiple listing service has also been incorporated into the property market in Costa Rica, augmenting the growing popularity of the sector by providing a central forum on which buyers and sellers can do business. Among the...
The Chinese deputy director general of the Department of Foreign Trade & Economic Cooperation has paid a visit to the Sabban Towers property development next to the Porto Arabia marina in Qatar. Underlining China's support for Qatar's burgeoning property sector, Da Jiaxiang saw that the construction of the luxury residential apartments and penthouses was on schedule, with 60 per cent of the piling work...
Anyone looking for something a little bit different in the world of overseas property may wish to consider the island of La Gomera, just south of the well-known holiday destination of Tenerife. In addition to the late sun that persuades people to but property abroad in the south of France or Spain, La Gomera also has the prestige of being first discovered by the great explorer Christopher Columbus. Now...
Brazil merits serious consideration as a location for those looking to buy property overseas, according to new research. The UK's Property Investor and Homebuyer Show North has calculated that capital growth in Brazilian property has been around 20 per cent in recent years, beating other high performers in Europe such as Spain (17 per cent) and France (10 per cent). David Green, sales director with Brazil...
Europe's property sector is the new investment 'frontier', leading international experts have claimed. With opportunities remaining in eastern and western Europe despite an extended period of growth in the last decade, ING Real Estate's European research and strategy managing director Ian Whittock, says there are gains to be made. In an interview with the Australian, Mr Whittock made clear the potential...