25/10/10 Last week’s Bank of England Minutes revealed a 3-way split in the monetary policy committee's views on interest rates and quantitative easing.While 7 of the 9 members voted for no change, one (Andrew Sentance) voted again for an interest rate rise, while one (Adam Posen) voted for a £50bn extension to QE.Any extensions to QE are likely to hurt sterling and it now seems plausible that this will...

One of the main ways in which Cyprus is hoping to attract increasing numbers of overseas property buyers is by improving the country’s golf facilities. In much the same way as the quality of golf centres on the Algarve attract millions of visitors; Cyprus is hoping to take an increasing share of the golfing market. Now, a brand new golf centre has been opened on the island by none other than English...

Overseas property portals Rightmove Overseas saw a decline in searches for international real estate in September 2010. The website has recorded some surprising dips in interest with US property searches down by 22.5 per cent. At the same time Chinese investors are reported to be on the hunt for a home overseas as Chinese domestic laws aim to restrict ownership of multiple residences.   Rightmove...

If you are looking for an overseas property bargain, now could be the time to buy. And, new research from a leading property portal suggests that is exactly what thousands of British buyers are doing this summer. With prices in the leading European markets having fallen considerably over recent years, Brits are heading abroad to bag themselves a property bargain. Huge increase in interest in foreign...

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Recent figures have shown that the country has the third fastest growing economy in the world with the construction sector driving Turkey’s booming economic growth. Construction industry in Turkey is thriving The Turkish Statistics Institute figures show that the Turkish construction sector grew by a staggering 21.9 per cent in the second quarter of 2010. The economy as a whole grew by 10.3 per cent,...

Madrid may not be the first location you think of when buying a property in Spain. However, experts believe that property in the beautiful capital city could be about to boom on the back of a shortage of homes in the area. Lack of new build homes for sale in Madrid Recent research by Asprima and Spanish property firm Tinsa has found that there are just 8,626 new build homes currently for sale in...

Portugal has received plenty of bad press over recent weeks. After the well-publicised financial problems facing Greece, many have claimed that the likes of Portugal and Ireland are set to follow suit as their economies continue to falter. However, a recent report from the Office of Economic Co-Operation and Development (OECD) has stated that they are ‘confident’ that Portugal will weather its...

A Nobel prize-winning economist has recently outlined why he believes Brazil’s economy has recovered from the global financial crisis so quickly and why he thinks that it is set for a period of sustained growth, pushing property prices higher and higher. Property markets often see peaks and troughs. Periods of high growth can often be followed by a pretty heavy bump back to earth. Why is Brazil’s...

The first major overseas property event for the Autumn season took place in the centre of Moscow 01&02 October when the 7th Moscow International Investment Show saw more than 6,400 unique visitors pass through the doors to meet with the 172 participating companies representing 30 countries.   As the main media sponsor, International Residence, Russia’s leading overseas property magazine, was again...