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UK House Prices Fell in November

UK house prices fell for the third consecutive month in November according to data released by Halifax. According to the UK’s largest mortgage lender, home prices fell by 1.1% for the month, following declines of .5% in October and .6% in September. The rate of housing price increases for the full year had fallen to 6.3% through November. That’s down from a high of 11.4% in August and 8.9% in October....

Italian Property Helped by High Speed Trains

Property in France experienced it when the TGV was rolled out; now Italian property is experiencing a piece-by-piece real estate surge as its own high speed train system is put into place. This is also referred to as the Ryan Air effect, whereby values rise as budget airlines arrive. This is due to the ease of getting to property that was once considered in the middle of nowhere – or at least hard to...

US Dollar Update by Moneycorp

London 10/12/07- The Pound remains strong against the US Dollar despite some falls last week. It peaked just short of $2.07 on Monday and again on Tuesday before dropping sharply. It touched a low of $2.02 on Thursday and has spent its time since then climbing laborious back above $2.03.The Monetary Policy Committee’s interest rate decision overshadowed Sterling’s whole week. Initially it just looked...

Exclusive Hawaii Resort is Expanding

Along the KonaCoast on the big island of Hawaii is the exclusive golf resort of Hokuli`a. This 1,550 acre development has recently opened up a new section of building lots to the general public. Previously, housing was only available to club members, but now there are plans to have as many as 600 units on the property  Currently, though, there are only a limited number of sites are available.   This is...

UAE Boom to Continue For Years

The real estate market in the United Arab Emirates, one of the hottest in the world, is set to continue until 2015 and beyond, according to new reports. Real estate and construction markets in the UAE are primarily focused on Dubai, which has been booming for several years, and the newer market of Abu Dhabi. Two recent studies by HSBC and Damac Capital International of Dubai both indicate that supply will...

Florida Mortgages Now Better

International buyers could well be the key to kick starting the Florida property market and a recent alliance may be evidence of this. Stirling Sotheby’s International Realty  has joined forces with British Home Loans Florida. The Florida based international mortgage brokerage company specializes in arranging financing for British, European and other 'Foreign National' homebuyers in the U.S. The two...

Moneycorp at Overseas Property Exhibition

London 3/12/07-UK based Foreign exchange specialists Moneycorp are exhibiting at the UK industry overseas property exhibition OPPlive7 on the 4th and 5th December 2007 at ExCel London.   For over a quarter of a century, TTT Moneycorp has been providing a wide range of foreign exchange and related services for both private and corporate customers. The Company has become a significant influence throughout...

Do not Blame Credit Crunch For House Price Falls

UK house price indicators show reductions in house prices with figures from Nationwide, Halifax, Hometrack, and Rightmove are showing falling prices. A common misconception is that the sub prime market and credit crunch is to blame for this downturn. A look under the surface will reveal that there is not one source to blame. One economics expert spreads new light on the plight of the UK housing...

British Feel That Property Is Better Than Cash

Recent research commissioned by the BBC has found that the British feel that buying property is better than cash in the bank. The UK housing market like that of the US is now reported to be slowing and with it house price drops are expected. The UK property market looks like it shall be a buyers market with home sellers reducing house prices in order to sell their homes.   House prices and equity in...

Future Bright for Overseas Property Industry

The overseas property industry seems set for a bright future according to predictions from a recent study. The appetite for property abroad seems set to continue with the British and Irish Buyers firmly behind the wheel. In fact the study carried out by Datamonitor has predicted that ownership is set to almost double over the next five years.   British and Irish citizens now own 3.81 million properties...