Buying a property abroad is an exciting prospect, but one important rule applies – don’t let your heart rule your head. It’s crucial that the right advice is sought and that you don’t try to cut corners. The principles you would stick to in the UK also apply when buying overseas. Follow these tips from...
Category: Market News
Buyers looking to France as a safe haven
According to the 5th edition of the BNP Paribas international buyers research report ‘Investing & Living Abroad, buyers are most influenced by three factors – quality of life, climate and gastronomy – which bodes well for France which excels in all three. Trevor Leggett, chief executive of French estate agency Leggett Immobilier, said: “This may...
Property Reporter blog: Good news about CGT for French property
I’ve been pleased to read that President Francois Hollande has announced a change in the capital gains tax system on second home sales in a bid to boost France’s property market From 2014, the taper relief system is to be amended so that the required time of ownership before a property is exempt from CGT...
Financial Reporter blog: USA sees biggest house prices gains in years
According to Case Shiller data, properties in the USA, on average, lost more than a third of their value in the recession, with some areas losing more than half their value. But there are signs that the market is starting to recover, with both sales and prices rising, which is good news for any clients...
Spain overtakes France for mortgage enquiries in May
Interest is hotting up, with Brits leading the way The Spanish property market has had a turbulent few years, to put it mildly, but it appears that British buyers are rekindling their love affair with the country, according to Conti, the overseas mortgage specialist. In May alone, Spain accounted for 44 per cent of enquiries...
Conti features in Your Mortgage Magazine
As featured in the July/August 2013 edition of Your Mortgage magazine La belle France France remains the top choice for Britons looking for a home overseas. Clare Nessling explains why. When it comes to a sound overseas property investment, France provides all the fundamentals. Borrowing costs have tumbled over recent months, and at the...
Stronger pound boosting buyers’ affordability
Currency brokers reported a surge in clients opting to fix exchange rates as the pound strengthened against the dollar and euro last week. This followed positive news about the UK economy and saw the value of sterling rise to €1.17, up from just €1.14 at the start of the month. Analysts expect sterling to weaken...
UK house price peak sends buyers overseas
As house prices in England and Wales reached an all-time peak in July, driven primarily by huge demand for property in the capital, it should come as no surprise that those in the market for property are casting their net further afield in order to get more for their money in foreign destinations. July saw...
Property Reporter blog – positive news about the Spanish property market
Things appear to be looking up in the Spanish property market, which is good news for any clients thinking of buying property there Spain remains the EU’s top holiday destination, despite the tough economic climate, according to new figures from Eurostat, the Statistical Office of the European Union, which has found that in 2011, 13...
France – a buyer’s market!
Good news for people who are thinking of buying a property in France – it’s become even more affordable. There have been several recent reductions in mortgage rates, which now start at just 2.1 per cent for a variable deal, and 3.65 per cent for a 20 year fixed deal. And they’re not just for...