Monday, June 30th, 2008
Posted by Overseas Property Mall in
Press ReleasesInvestors in overseas property are taking advantage of the short-term dip in the value of the US Dollar by focusing their attention on properties in countries whose currencies are pegged to the dollar and taking out forward contracts as the UK housing market stalls.
This week a mixture of falling house prices and rising mortgage costs has meant record falls in the number of people applying for new mortgages. Alongside fears that the stock market will fall even further before it gets better the only option left for many is to invest their money in overseas property.
Nick Fullerton, MD of FC Exchange, said: “These people have been watching the markets closely for months and are choosing their time carefully to buy forward contracts which allow them to freeze exchange rates at this level for up to two years. Experts don’t expect these favourable rates for UK investors to last for long and our customers are acting quickly to secure rates they are happy with.
“Those investing in UK stocks and shares and the housing market are looking to the long term at the moment but there are short-term opportunities to make a profit. There are 21 currencies pegged to the dollar and many are becoming increasingly popular as potential investors in overseas properties see the dollar hit a low,” he added.
Locations like the Bahamas, Jamaica, the United Arab Emirates as well as the US itself are being seen by our customers as opportunities to own a property in paradise as well as an investment. Even the locations that unofficially use the dollar – Panama or the British Virgin Islands for example – are becoming increasingly popular.
If you would like to speak to an expert currency broker from FC Exchange (www.fcexchange.co.uk) about Forward Contracts or any currency issues, please contact Lucy Willatt at Hudson Sandler on 020 7710 8912 or lwillatt@hudsonsandler.com or Nathan Field on 020 7710 8937 or nfield@hudsonsandler.com.
Saturday, June 28th, 2008
Posted by OP-Mall in
UK PropertyThe global credit crunch has been the number one discussion on many real estate related forums in the last few months. People are worried and when we look at figures, we can quickly see why. According to a report by Rightmove, a British property portal, the ratio of sellers to buyers of real estate in the month of May 2008 was a dismal 15 to 1.
This is certainly not a very encouraging thought for those home owners who absolutely need to sell due to finance problems.
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With average year round temperatures of 28°C, more than 300 sunny days and some 400 miles of semi virgin palm fringed coast, Natal is considered to be one of the hottest destinations in Brazil.
Further to this, Natal is also considered to have the second highest pure air quality on the planet with a population of only 800,000. Natal is situated in the state of Rio Grande de Noite. Surrounding beaches are considered some of the best in world.
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Turkey’s Land Registry figures show a piping hot market right now with over 74,000 foreign property owners in the country. Out of these, more than 20,500 are British. Considering British pensions and how they can easily supply a lifestyle in Turkey it is no wonder many Brits flock to the sun.
Although Turkey is behind the established property spots like Spain and France in terms of buyers, the country has morphed from being an emerging market for adventurous buyers to being listed in the top ten most popular destinations pretty much as a standard.
With the lift of the Turkish investor ban on May 1st this year, noting will hold property investors back from finding their own Turkish piece of real estate.
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Sunday’s Formula 1 race at Magny-Cour saw again plenty of action. Felipe Massa who trailed his team mate Kimi Raikkonen for the first 38 rounds managed to snatch the lead after Raikkonen experienced exhaust troubles. However, nobody else got close enough to pose a serious threat for the Ferrari team. As a result they snatched the podium once again just like they did in the Bahrain race.
- Felipe Massa (Ferrari)
- Kimi Raikkonen (Ferrari)
- Jarno Trulli (Toyota)
This double win ensured a widening gap between leading team Ferrari and hot on the heels team BMW Sauber. Right now, Ferrari is leading with 91 Championship points over BMW Sauber with 74 points.
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The Pearl in Qatar has been hailed as an outstanding investment opportunity ever since the conception of the generous designs and plans for the development were released in 2004. What started out as a dream destination for more than 41,000 international residents will soon become reality when the first investors take ownership of their properties in December this year.
The Pearl Qatar insights
So what is this Pearl of Qatar and how can one find out more about this development? Easy, just read on to find out more. For starters, The Pearl is located just outside Doha, the capital of Qatar. With beautifully designed residential land reclamations, The Pearl’s owners and developers United Development Company (UDC) have managed to design and build Qatar’s largest development to date worth $15 billion all on an cluster of islands.
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Property buyers who have set their sights on Egypt have probably wondered why property is so cheap. There are several reasons and in this post we will look at them to shed light onto issues that might save you money.
While Egypt has always attracted tourists from all over it has also become a bit of a property investor heaven thanks to the very low prices.
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International real estate portal Properazzi.com, which had more than 1 million visitors last month, is reaching out to buyers in new locations in the coming weeks, launching six new languages on its website. Investors and cross-border buyers will be able to search for properties in Arabic, Greek, Hungarian, Swedish, Norwegian, and Czech, with Finnish, Danish and Hebrew to follow later this Summer. The developments mean that estate agents with properties and/or buyers in these countries can use Properazzi.com to target foreign buyers and renters more effectively, and with no additional effort.
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A recently released report by global Realtors, Cushman & Wakefield is predicting a fall in prices of apartments and condos in Singapore city’s CCR (Core Central Region). The report further states that it is unlikely to see another peak period within the next four years.
Cushman & Wakefield’s forecasted fall will also depend on the growing economy of Singapore. Expected drops have been estimated at 8% and 17% respectively. The market isn’t expected to recuperate until 2012.
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