The UK government is campaigning to help British overseas property buyers buy safely abroad. The Foreign and Commonwealth Office the official agency for advice and information for British Nationals Abroad is highlighting its advice in its “Know before You Go” campaign. UK Overseas property magazines and other media are seeing the FCO advertising campaign aimed at Brits who are buying real...
In the most recent data available, according to the Florida Association of Realtors (www.floridarealtors.org), home sales in the state totaled 12,607 for the month of May. That’s down 34% from last year, when there were 19,072 homes sold. The median price has also dropped from $250,100 a year ago to $237,000 this May. With the market in a bit of low spot for home sellers, now is a good time to get...
The most famous ocean liner currently in operation is soon to be heading to a permanent home in Dubai. Cunard recently announced that is selling the Queen Elizabeth II to Dubai World for US $100 million. The QE2 will become a first class tourist destination anchored at The Palm Jumeirah, the island development in the shape of a palm tree. According to news reports, including from the BBC , the...
The dollar this week fell to a 26 year low versus the pound sterling, according to leading UK foreign exchange company Moneycorp . The dollar has been hovering at just over $2 in recent weeks and has gone as high as $2.05. For those who are looking to invest in property abroad, particularly in the United States, this means that it is a great time to get excellent value. Some Caribbean nations and Dubai...
UK based overseas property magazine "A Place in the Sun" and Bank of Scotland International all highlight the desirability of French property as an overseas property hot spot. "A Place in the Sun" Magazine published by Brooklands Media Group features France in its August edition reporting on the house price rises in Languedoc-Roussillon. It reveals that prices in Perpignan rose by 10% between January and...
Dubai has some of the largest construction projects in the world under way, but one of the most popular places for international real estate investors is Business Bay. Business Bay is a freehold construction zone near downtown Dubai that is a mix of business, residential and retail space. The ability for businesspeople to work and live in close proximity, as well as its convenient location, makes it an...
Overseas property investors don’t come much bigger than celebrity couple David and Victoria Beckham. Posh and Becks like many Brits love to buy property abroad in fact the UK Office of National Statistics indicate British expatriate numbers increase annually and have been doing so for the last 10 years. The British buy property abroad for numerous reasons including a desire to get away from the rat...
Millionaire home buyers buying property in London are responsible for continuing strength in high end house prices in London. Despite recent interest rises the luxury home market is not showing signs of slowing. It seems the rich may be immune to such attempts to dampen the market and it appears that two of the UKs largest property consultancies Savills and Knight Frank agree. Savills is one of the...
A recent survey commissioned by IDIP the legal due diligence company indicates that investors buying off plan property abroad without formal background checks on the property developer are worried by their investment. The online survey asked 2500 investors about undertaking due diligence before investing abroad. It found that 90% of investors stated that they would buy the companies newly launched due...
The world of International Real Estate has seen some huge acquisitions by some of the worlds largest real estate companies including Colliers International and Morgan Stanley Real Estate. Colliers International, commercial real estate services, announced the purchase of Torode Realty, Ltd., a leading commercial real estate firm specializing in industrial real estate brokerage. “The addition of...