Absent fathers, rocky relationships & buying property abroad

  A clandestine absent father’s organisation reports that fathers are heading abroad whilst a leading overseas property web site cites rocky relationships as the reason for couples turning their backs on their home overseas.     Clandestine organisation helping absent fathers moving abroad. Thousands of men who don't have access to their children are choosing to start a new life in...

Real Estate Investment trusts (REITs) a new beginning

  The property industry is set for a boost from January 1 2007 as new era dawns for property investors and the Londons financial markets. REITs will open up the commercial property market to ordinary investors in the UK. So what exactly is a REIT ? REIT stands for real estate investment trust. They are collective investments which pool investors money. Basically, buying shares in a REIT would allow...

Savvy overseas property investors fix US Dollar rates in advance

  Overseas Property investors considering buying property in the USA need to get their currency planning in early. British buyers can capitalise on the weak US Dollar by booking rates far in advance. Many overseas property buyers leave currency planning until right up to the last minute this means they could be paying thousands more on money transfers. Currency brokers can book good exchange...

Mortgages for 50 years say first time buyers

UK mortgage lenders must have taken a look at the future and seen that the lack of first time buyers buying property in the UK could well be their downfall. It is estimated that 17.3 million adults in the UK are unable to get on to the property ladder, with 7.4 million citing house prices as the main reason. Mortgage lenders have responded with new lending criteria that sees a first time buyer being able...

Rightmove property website in bed with the tax man

   Righmove.co.uk the UKs largest property website has controversially signed a contract with the governments Valuation Office Agency (VOA). The contract will see Rightmove handing over data to the government that will help tax banding. The government department which is part of HM Revenue & Customs allocates council tax bands to every home in England and Wales. The information that...

Florida property time to look not buy?

Overseas property buyers may be changing their minds about emerging markets and look to Florida property as the US dollar continues to slide. It seems the ideal time to buy real estate in the sunshine state but is this really true?   The Florida property market has always been an attractive place to buy overseas property. The attraction of Florida real estate to the overseas buyer...

Overseas mortgages and the UK Financial Services Authority

The Overseas mortgage industry is currently unregulated and standards vary considerably from region to region and from broker to broker. The UK Financial Services Authority reports that this situation is unsatisfactory and wants to break down the barriers of the cross border mortgage market.   Unregulated overseas mortgages are leaving the FSA twitching about consumer protection in an increasing...

International Monetary Fund & Foreign currency exchange

The International Monetary Fund (IMF) is continually striving to strengthen the process of reviewing  issues relating to exchange arrangements, restrictions, and markets.  At the core of one of its responsibilities is to  issuing periodic reviews on the trends and developments. The International Monetary Fund (IMF) has released the staff report on the revised and extended methodologies...

UK housing market forces buyers to property abroad

  With the cooling UK real estate market and a dramatic increase in housing prices, those looking to sell property in the UK are having a hard time deciding what to do next. Interestingly enough, housing prices have increased by 5.3% in November 2006, while the preceding months of September and October only yielded 4.3% and 4.9%, respectively. The current figure of over 5% has been shown to...

The Windy City is Now the Tax-y City

  When you’ve invested in real estate in Chicago, Illinois, you already know what kinds of benefits you’re getting. It’s a great city with lots to do, excellent restaurants and exciting sporting events. You can live near the water without the problems of hurricanes and you get to enjoy all of the seasons – from brisk falls to snowy winters, mild springs, and hot...