The annual survey by International Financial Services London (IFSL) reports that the Average daily turnover on the UK's foreign exchange market reached $1.1 trillion in April 2006, up 41% from the previous year   IFSL’s who produced the report is the only independent cross-sectoral organisation representing the UK financial services industry. IFSL serves the UK financial industry by...

Isla Margarita Island is a part of Venezuela and is causing a flurry of activity for overseas property investors in search of the next big thing. The almost separate entity of Venezuela is located off the north shore of the mainland of Venezuela, the island is a lush mountainous tropical Caribbean island and is often referred to as "La Isla".     Overseas property buyers a range of...

The rental market is a huge sector in Australia and a shortage of new homes is set to strengthen landlord returns. The ANZ Bank’s latest property report states “shortage of dwellings and the flight of investors from the residential sector are causing a decline in rental vacancies and placing upward pressure on rents”. Research at ipac securities indicates that over the very long term...

According to the November issue of Quest Bulgaria, the specialist English monthly magazine about Bulgaria and Bulgarian property, tourist numbers are increasing by 22% a year and property prices have increased by as much as 30% in the past three years.   The boom is having a knock-on effect on the buy-to-let market. A three bed-roomed coastal villa now enjoys an average rental price of...

...

Overseas mortgages in Spain France and Bulgaria are set to be the big areas of business for specialist overseas mortgage brokers.     The three popular overseas property locations are set to be in line for top overseas mortgage distribution by 2020. A study conducted by Alliance & Leicester Mortgages revealed the expected future for the overseas mortgage industry. Mehrdad Yousefi, Head of...

Californian home owners and Californian house buyers receive news this week that could change both their fortunes.  Bloomber.com report worrying news in the Californian housing market concerning California mortgage defaults. Mortgage arrears and subsequent defaults rose to their highest level in four and a half years. Banks and other mortgage providers sent 26,705 default notices to California...

Currency brokers MoneyCorp and HIFX release reports concerning the overseas property market.   HIFX, the currency specialist, released a report concerning trends for British buyers when buying property abroad. September 2006 sees investment in Bulgaria and Romania rise in popularity following the European Commission’s announcement that both countries will be admitted to the EU in January 2007....

Demand for French ski property has increased as British skiers turn to buying French Ski property rather than renting. Marr International Ltd the company behind overseas property web site Homesgofast.com report  a 30% increase in enquiries for French Ski property compared to this time last year.         Nicholas Marr CEO ' On speaking to many clients it is clear that many...

Bank rate rises in the UK are looking more likely as economic indications point toward an economy that is producing higher inflation and a housing market that shows no signs of cooling down.   Rightmove property website reports that August rate rises have done nothing to slow the progress of rising UK property prices. Rightmove's House Price Index data showed that the national average asking...