20/11/08 London-This morning’s UK Retail Sales figures showed a 0.1% drop in October – which was much better than analyst’s predictions of a 0.8% drop. Despite the better than expected figures, Sterling exchange rates have failed to improve. Normally, positive figures would boost the Pound – and after all, Retail Sales are still up on last year. Why the lack of improvement? Perhaps some...
The struggling UK property market will be boosted by further interest rate cuts and a suspension of stamp duty is the message coming from a survey of British estate agents. The survey by the National Association of Estate Agents (NAEA) also indicated that confidence in the British government was at a low with more than half – 54 per cent – of estate agents surveyed stating that they did not have...
A new agreement between Malta and Ireland is set to have a positive impact for overseas property investors and those seeking to trade between the two countries. Malta and Ireland have signed a convention on double taxation which aims to avoid double taxation and to prevent fiscal evasion. It is expected to have a positive impact on commercial activities between the two countries.Malta’s Foreign Affairs...
The Brazilian Association for the Real Estate and Tourism Development in the Northeast Brazil (ADIT Nordeste) will be exhibiting together with the Brazilian Ministry of Tourism, at the Overseas Property Professional Live Exhibition (OPP Live) taking place in London on 24th & 25th November 2008. The aim of the Brazilian association is to send a message to international real estate professionals...
The Polish capital of Warsaw is seeing a new building rise in the heart of the city that will be the most luxurious living space in the country. The Zlota 44 is a 54 floor tower that will hold 251 luxury apartments plus retail spaces and parking. This iconic building is being designed by well-known, Polish-born architect Daniel Libeskind. It will also include a 25 meter indoor swimming pool, sauna, spa,...
Since being awarded the 2014 Winter Olympics, the Russian city of Sochi has seen a massive increase in development and investment. The Black Sea Resort town has long been a popular place for Russian holiday travelers, but now it is seeking to become a destination for international travelers and winter sports enthusiasts. Russian Prime Minister Vladimir Putin promised to invest some US $12 billion in...
Overseas property investors have changed their expectations with the types of investment deals they expect to buy and still remain enthusiastic when the right investment is presented to them. These are the claims made by overseas property portal Homesgofast.com and international real estate agents who specialise in investment property. Homesgofast.com conducted a campaign featuring low priced real estate...
18/11/08 London-Australia has long been one of the top destinations for Brits looking to move abroad. If you are looking at sending money to Australia to fund a property purchase, you’ll have seen massive movements in exchange rate changing the cost during the recent turbulent times. The “Aussie” plummeted in value against the Pound, making overseas property cheaper, in October before regaining some...
The UK’s largest building society said in its latest report that it expected prices to continue to fall throughout 2009. Nationwide Building Society predicted that prices would continue to fall by an average of 1 - 1.5 percent per month until at least the beginning of 2010. For the past year, UK property prices have dropped 14.6 percent according to the society’s numbers, with the average home price...
Bom Sucesso Design Resort in Obidos, Portugal has earned a number of awards from prestigious publications and associations. The latest accolade for this unique resort is a 2008 European Property Award for Best Development. This Silver Coast resort aims to merge luxury living with outdoor activities and the environment. Some of the world’s leading architects have been commissioned to design...