Buying overseas property insurance from local providers can leave foreign property owners exposed to risks that they may have thought were covered. The wording and interpretation of insurance documents is crucial in the understanding of the exact cover being offered.  Tonic Underwriting (http://www.tonic.gb.com) is launching a new insurance product for properties abroad. UK based Tonic will offer...

British actor John Cleese has his oceanfront Montecito home on the market for $10.75 million. He recently settled a divorce with third wife Alyce Faye Eichelberger, and this will be the actor’s second California home for sale this year. He sold his 14.6 acre Montecito equestrian ranch not long ago to mobile phone pioneer Craig McCaw for £8.3 million, down from the listed price of £14.1...

November 4, 2008: The Dubai Mall opened to visitors and shoppers today. There are over 600 retail outlets and the Dubai Aquarium & Discovery Center. While that is a huge number of stores, it’s still only about half of what the mall will have when it is completed. The mall is part of Downtown Burj Dubai, a 500-acre mixed-use development anchored by the iconic Burj Dubai, the world’s tallest...

It was just a few months ago that the US dollar was seen as a bad investment. Having reached lows against the euro and near record lows against the UK pound, many investors and countries were talking about the end of the dollars dominance. Though the worldwide financial crisis may have had the US property sector as its instigator, it is also drawing many people and countries back to the popular...

Long seen as the envy of the rest of Europe, if not the world, Ireland’s economy is facing some hard times in the coming months. The vaunted Celtic Tiger economy officially became the first country in the euro-zone to fall into recession, and economists are predicting a tough stretch ahead.   “We face stark choices. If we do not make the right ones, it will have catastrophic consequences," Prime...

The average price of a home in Britain is £30,000 less than it was a year ago as prices fell by the largest rate in over fifty years. Nationwide, the country’s biggest building society, said that prices fell 14.6 percent over the past 12 months through the end of October, 2008. That leaves the average price at £158,872 as prices fell for the 12th month in a row.   Even though prices are significantly...

Tiger Woods has recently announced that he is working on his first course in Mexico, just his third golf course design anywhere. The new resort, called Punta Brava, is located on the Baja coast of Mexico not far from the border with the US and San Diego. The world renowned golfer has said he won’t spend a lot of time designing courses, so that those he does work on will be more prestigious.   “I'm not...

Along the Yucatan Coast of Mexico is a new property development called Flamingo Lakes. This new resort is located near the thriving city of Merida and is an ideal investment opportunity for overseas buyers. The tropical climate is great for year round holidays or retirement living, and there is plenty to see and do here for residents and visitors of all ages.   The resort has a wide range of luxury...

For the first time in nearly three years, existing home sales in Florida rose during the month of September compared to a year earlier. This follows the national trend for the month as sales across the state jumped 24 percent from September of 2007. Additionally, condo sales also increased by 11 percent from a year ago.              A total of 10,817 existing homes were sold across the state...

The Caribbean island of Jamaica continues to be a popular destination for holiday travelers and second home buyers from abroad according to recent news reports. Jamaica has overtaken Cancun as the third most popular destination for Canadians and is looking to move ahead of both the Dominican Republic and Cuba.   Jamaica’s Minister of Tourism addressed a group of travel industry partners in Vancouver in...