Report filed under: Buying Property Abroad Guides » Buying Property Guide
Mon, August 16, 2010 - 10:22 am EET
Report filed under: Buying Property Abroad Guides » Buying Property Guide
Mon, August 16, 2010 - 10:22 am EET
The property market in the UK is apparently in a downward phase of its regular boom bust cycle, with would-be buyers utterly confused about which way mortgage lending, interest rates and property prices are going to go in Britain. This fact alone has seen a significant rise in the numbers of Britons actively contemplating buying property abroad in order to secure a solid investment.
Real estate is a consistently sold investment if held for the long-term – everyone knows this. However, timing an entry into the property market in Britain when everything is so confused is difficult which is why, according to a survey by Moneycorp, up to a quarter of those thinking about buying now are thinking about buying abroad.
Certain nations have fared far better than the UK in terms of being affected by the fall out from the global economic crisis, which means certain nation’s real estate economies currently represent a potentially more stable investment environment. Other nations have been harder hit and clearly crashed, in such countries property can constitute a bargain. Therefore, in this report we’re going to discuss the 5 hotspots for property abroad if you’re currently seeking bargains or searching for stability.
Report filed under: Buying Property Abroad Guides » Dubai Property Guide
Fri, July 02, 2010 - 10:09 am EET
There has been a flurry of media excitement this last week focused on the property market in Dubai now that Tamweel, Dubai’s second biggest Islamic mortgage company by assets, won the right to repossess five homes in the emirate. Headlines have suggested that Dubai will become the next foreclosure hotspot where investors and speculator will be able to buy bargains.
However, talking up the repossession property market in Dubai is very unwise for many reasons which we will explore in this report. For a start, any repossessed homes will be a long time coming back to the market – what’s more, speculators and investors got Dubai into the mess it’s in, therefore you can guarantee that the powers that be will not want to welcome them back by offering them a veritable flood of repossessed homes for sale at bargain prices.
If you’re looking for a more realistic take on the property market in Dubai now that homes are finally being repossessed when buyers default on mortgage payments, you will find it here. Any fantasies you harbour for picking up an offshore island in Dubai for a rock bottom price may be damned however!
Report filed under: Buying Property Abroad Guides » Buying Property Guide
Mon, May 17, 2010 - 8:23 am EET
The British property market is a rollercoaster ride, as anyone who’s in it will tell you. Historically it booms and then the bubble bursts before it booms all over again - and yet the property market seemingly underpins the economy hugely, because whenever it stalls the government does what it can to get it rolling again.
There is certainly a strong appetite for home ownership in the UK – yet affordability issues and insecurity in the workplace currently mean that there is also a strong desire for homes to rent too. All this has created a situation where many buy-to-let landlords in the UK have been doing quite well from their property portfolios even in these troubled economic times.
However, it was a case until recently that if you wanted to join the buy-to-let landlords you’d have a real job on your hands because the lending situation in Britain was just so bad. Good news on that front came from the Nationwide Building Society last week however, when they announced that they are not only lending again, but they have increased their loan-to-value percentage. So, is the time right for expats to invest in UK property? We take a look…
Report filed under: Buying Property Abroad Guides » Featured Property Guide
Wed, May 05, 2010 - 7:59 am EET
It’s all very well having a dream of a new life abroad – but actually making the dream come true requires massive determination and commitment, and a certain amount of cash too!
The latter is probably the main reason why most of us put off our expatriation to pastures new – but at Shelter Offshore we’re in the business of enabling, hence our report today into how cheaply you can potentially buy a decent new home abroad.
We always advocate that newly arrived expats should rent property abroad when they first arrive, but ultimately we’re also aware that many people would like to buy a home overseas one day…so, if you really want to move overseas and start a new life, where can you afford to make your home?
Report filed under: Buying Property Abroad Guides » Featured Property Guide
Tue, April 27, 2010 - 9:20 am EET
There has always been an imbalance between demand and supply in Abu Dhabi’s residential property market, which inevitably leads to high rents. This had long been the case until 2009 when the trend reversed, demand dropped and the rents declined.
Abu Dhabi is not alone in experiencing this trend; in fact it’s a story familiar in cities around the world following the global economic downturn. However Abu Dhabi properties still remain at a premium in comparison with neighbouring Dubai properties with the average rental cost of a two bedroom apartment being AED 150,000 versus AED 120, 000 in Dubai.
However, after analysis of data, the market seems to be stabilising with only small rent decreases during the first quarter of 2010. This could be attributed to varying factors such as the continued investment in infrastructure projects in Abu Dhabi, new houses for sale and the new lower interest rate (minimum of 5.5%) being offered by Abu Dhabi Finance on mortgages.
If you want to buy property abroad as an investment asset to rent out to tourists, you need to make sure it is accessible and suitable for your targeted holidaymaker rather than necessarily your dream of a home overseas…
Renting out your UK home could allow you to cover any mortgage debts on it and free you up to find a new life abroad in your own time with no monetary pressure hanging over you…
Moving abroad can costs thousands of pounds, but by selling your UK home yourself with our step by step guide, you could easily save yourself the money necessary to fund your new life abroad!…
A quick, no nonsense guide to buying a property abroad and managing your money matters – from currency exchange to paying fees and haggling…