Archive for the ‘Buying Property’ Category
by Overseas Property Mall on Monday, April 11th, 2011 in Guides and Tips, Property Investment Strategies
Renting out a holiday property is an excellent way to help cover some of the operating costs, and if carefully managed, having the property in regular use can even reduce its maintenance costs. However, many people go into it wearing blinkers; thinking that it’s as simple as taking a few photos and sticking it up on the big holiday rentals sites. It isn’t. And many people come unstuck and end up miserable as a result of this miscalculation. Running a successful rental property is hard, here are some steps you can take to help ensure your success:
by OP-Mall on Tuesday, December 1st, 2009 in Buyers Beware, Overseas Property Trends
A worrying trend appears to be emerging in Ireland – overseas ‘property investors’ seem to be walking away from their foreign property investments in their droves.
People who bought during the boom years are now finding the value of their properties has slumped to the point that they are having to simply hand their keys back to the bank and walk away. Some of these individuals have not even been able to enjoy a single day in their foreign homes because they were bought off-plan, meaning they paid their money on the basis of a projected building yet to be built on a certain plot of land. Now these projects are nearing completion and the final staged payments are becoming due, property owners are realising they have already paid two or three times what their investment is now worth, without even adding in this final payment.
by liambailey on Friday, October 23rd, 2009 in Buyers Beware, Buying Property, Guides and Tips
Off plan property overseas — property that is purchased from the plans of a new development, which are sold from before even the first foundation has been dug — has the potential to be one of the most lucrative investments a person can make.
Unfortunately it also carries a certain amount of risk and this has come to the forefront over the past 6 months to a year, because of all the cancelled and postponed developments around the world as sales plummeted because of the credit crunch sparked by the collapse of the American banking system and property markets.
by liambailey on Monday, October 5th, 2009 in Buyers Beware, Guides and Tips, Property Investment Strategies
At the beginning of last year fly-to-let was all the rage, as it had been for the 2 years previous. For those who don’t know, fly-to-let is a play on the words buy-to-let. Buy-to-let is buying a property with the sole intention of letting it out for a profit, and fly-to-let is doing this abroad. Look here for a more detailed explanation of Buy to Let.
In most buy and fly-to-let transactions the aim is that the income from the rentals of the property will cover some or all of the mortgage repayments. Buy-to-let landlords who buy properties in their own country will want all the repayments covered, whilst fly-to-let owners can balance how much of the repayments are covered with how much they want to use the property for their own holidays.
by Overseas Property Mall on Monday, August 17th, 2009 in Bulgarian Property, Buying Property, French Property, Guides and Tips, Indian Property, London Property, Norway Property, Overseas Property Trends, Russia Property, Sweden Property, UK Property, United States Property
Property mogul Eyal Fishman has revealed his insights about global property markets that are influencing investment decisions at his private company Mirland.
Fishman’s companies – including London based Mirland – have property interests around the world.
So what are Fishman’s thoughts about the property world that may hold interest for smaller investors?
by liambailey on Thursday, August 13th, 2009 in Buying Property, International Real Estate Trends
I am a watcher, a hoper and an optimist (well most of the time anyway). The complete opposite of my cautious father who will only voice what he knows to be true, I love to take a guess, have a gamble and forecast the future.
by Overseas Property Mall on Wednesday, July 29th, 2009 in Florida, Guides and Tips, Property Investment Strategies, Spanish Property, UK Property
Since the credit crunch I have become ever more cautious of recommending property investment with a view to short-term gain. I mean, I was lucky; while they aren’t growing by the percentages I forecast for this year; the destinations I recommended are still set to make the total short-term gains I was forecasting in 2007/08, by 2012/13. Places like: the Philippines, Brazil, Koh Phangan (Thailand), Tunisia, and more mostly in Latin America.
by Overseas Property Mall on Monday, July 6th, 2009 in Buyers Beware, Dubai Property, UAE Property
Moves by the Dubai government to inspire confidence in the once booming property market seem to have backfired.
The recession has shown that Dubai’s growth was financed by billions of pounds of debt and this burden is threatening to drag the city under the desert sands.
Several government-backed developers were at the forefront of major residential and commercial buildings in Dubai.
Shares in the largest listed Arab developer Emaar Property had 10% wiped off their price on announcement of the merger with Dubai Properties, Sama Dubai and Tatweer.
These three companies are all subsidiaries of Dubai Holdings, which has the backing of the Dubai royal family and analysts fear in the background assets are just being shuffled on paper to shore up ailing companies.
by Overseas Property Mall on Wednesday, July 1st, 2009 in Buying Property, Overseas Property Trends
When it comes to overseas property investment there are several choices to be made. What type of investment a person makes depends on what they want from the property, and the type of investment they are making also affects the destinations they will consider.
