29th March 2008-The super rich and super prime real estate in London seems to be immune to the effects of the credit crunch. This was clearly demonstrated by two property developers’ brothers Christian and Nicholas Candy who both just made 250 million pounds on property bought just 18 months ago. Candy and Candy sold two hotels located in fashionable Kensington London, both hotels overlook...
Indications that Romania is a great place to invest in overseas property can be seen by Fords recent investment in the country along with impressive house price rises. Ford has shown investors they way by officially taking control of Automobile Craiova, the former Daewoo operation. The property market which offers homes at very low prices has in some areas of Romania seen bullish growth rates of 25% to...
Moneycorp the foreign currency specialists has continued its ambitious international expansion with the opening of two new offices in Portugal and Turkey. The new operations provide specialist foreign exchange services to overseas property investors in these markets and take the total number of Moneycorp offices globally to nine – three of which have been opened in the last year. Both offices are in...
The credit crunch has taking its toll on numerous home owners in the sunshine state of Florida. This has created a genuine buyers market where bargains are ripe for the picking. Real estate agents in Florida have now come up with a new marketing technique that will help buyers see all the best deals by using bus tours of foreclosed properties. The Orlando Sentinel newspaper reports of the new method in...
25/03/08- Moneycorp the foreign currency specialists report on last weeks trading activity highlighting sterling and the US Dollar. Having traded at $2.02 last Monday morning the Pound dipped two and a half cents before rebounding on Tuesday almost to $2.03. From there, apart from a brief hesitation early on Wednesday it was down again, this time to $1.9750. The long weekend kept things quiet until...
24/03/2008-Moneycorp, the foreign exchange specialist, today announced a new alliance with LynxBanc Mortgage Corporation, a specialist international mortgage provider, which will provide British property owners in Florida with a safe way to stabilise their monthly mortgage payments. The alliance will appeal to the many British based Floridian property owners by providing them with a facility to fix...
Dubai's booming real estate industry and expected population growth means huge expected demands on its infrastructure. One area that will always be a concern in such a hot country is the supply of water. This now appears to be taken care of with the announcement that Dubai will have the worlds largest reservoir The Mammut Group begins work on giant storage tanks to hold 180 million gallons of water....
The Irish tax authority is on a mission to find the source of money used to purchase Irish owned properties abroad and to discover if the owners are generating any taxable income. The probe could have a huge impact on tens of thousands of Irish overseas property investors.Irelands Sunday Business Post reports that in an effort to assist its investigation, the Revenue authority is adopting a range...
Home buyers seeking a luxury home in Spain are being offered a millionaire yacht broker’s mansion valued at 2 million pounds for less than £300,000. The incredible deal would see the six lucky buyers with a luxury waterfront villa, with sports boat and car on the Spanish island of Mallorca The Villa Maricel Owners Group allows you to have an ownership share in a luxurious villa...
17/03/08-Economic data from the UK presented a mixed bag. Industrial and manufacturing production figures kicked off the week with a reminder that activity is slowing. Producer prices were high enough to show that the Bank of England still has grounds for concern that inflation remains a threat. Although manufacturers are evidently absorbing much of the increased cost of materials and energy - up by 19 per...