Published on Tuesday, September 29th, 2009
You’ve completed the massive undertaking and purchased the overseas property you have always dreamed of - but now comes the task of furnishing it!
Unless you have had previous experience of setting up an overseas property, most of us are unlikely to have furnished a complete home from scratch ever in our lives (because even as students we probably begged, borrowed or stole most of which filled our tiny dorm rooms!)
So in this article we’re going to consider the problems that can arise when furnishing your overseas property and we’re going to suggest solutions; so whether the property is for your own use or for rental purposes this article should prove invaluable.
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Published on Tuesday, September 22nd, 2009
It seems that inflation is no longer just a discussion topic on financial forums or something driving increasing numbers of international asset managers away from UK based investments, it’s a dawning reality! The quantitative easing policy is driving the pound’s value ever lower and ever closer to parity with the euro – (to the point at which I’m unsure I’ll be able to afford to go on the Eurostar for a weekend to Paris in December as planned!)
This is probably going to prove to be the final straw for many Britons who are utterly sick of the state their nation’s economy is in, sick of the fact that the only decision politicians now have to make is whether it’s better to slash spending, hike taxes or both, and sick of the impending grey skies of winter to just compound what is already an incredibly depressing state of affairs in the UK.
With the news today that immigrant squatter camps in Calais are being cleared with many of the inhabitants dead set on reaching the UK, us resident Brits often scratch our heads and wonder just what lies these poor people have heard about this ‘great’ Britain of ours to make them want to come here! So anyway, that aside, I have decided to produce a report just for you if you want to know how to sell up and get out of the UK fast.
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Published on Monday, September 14th, 2009
According to Knight Frank, cash buyers have been boosting the estate agency’s own balance sheets this year as they have been taking advantage of recently falling property prices in Britain. The leading high-end real estate agency has managed to turn around talks of a 60-something-% drop in their profits this year to highlight the fact that there really is still plenty of money in the market.
So, if cash buyers are boosting the British property market, should you bite? If you’re an investor – whether onshore or off – you’ll be well aware that there are pockets of the British property market where it is almost always possible to make a healthy return in the form of rental income at least. We’re talking certain city-based locations, as well as in various suburbs in reach of the likes of the City of London for example. But are the fundamentals truly in place for you to buy in?
Contradicting Knight Frank’s talk of positivity in the market buoyed by cash buyers is a report out from Ernst and Young’s Item Club, the economic forecasting group, it suggests quite firmly that there will be no real recovery in the British housing market for five years – and even this report doesn’t begin to look at the effects that predicted inflation will have on any investment made today into British real estate…
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Published on Thursday, September 03rd, 2009
For many years it was a common tactic for Britons to move abroad and work hard for a few years, save their wages in a tax effective way and use the cash to come back onshore and get on to the property ladder in the UK.
However, in more recent years as house prices in the UK soared, those hoping to get on to the property ladder for the first time considered resorting to even more extreme measures by perhaps investing in property abroad in emerging markets in the hope that their real estate would rise in value so sharply as to outstrip the British property boom, thus enabling them to get in on what was a rapidly advancing and increasingly inaccessible house price ladder in Britain…
And then the UK’s economy took a massive battering, the property market was talked down to the point at which everyone assumed it was teetering on the brink of collapse, and suddenly the British housing market apparently became accessible again. Now we have news that house prices have risen in the UK by 1.6% in a month - so, let’s take a look at the UK property market from an expatriate’s point of view – is it time to get back in?
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Published on Thursday, August 20th, 2009
Bathed by the tropical Indian Ocean along its 2,470km coast, Mozambique is a jewel of a destination for tourists and investors alike. The country is Portuguese-speaking and borders well-known destinations such as South Africa, Malawi, Tanzania, Zambia and Zimbabwe. Its coastline is dotted with islands including the Bazarutto and Quirimbas archipelago marine national parks with their world-renowned dive sites, and the historic landmarks of Ilha de Mocambique and Ibo Island. Inland Mozambique has a number of national parks and reserves such as Gorongosa and Limpopo parks and Niassa reserve, one of Africa’s last great wilderness areas.
The country has experienced a peaceful transition from a 20-year civil war to multi-party democracy. A growing business sector, economic stability and low inflation have seen the country move rapidly towards the free-market model. This, combined with favourable investment legislation, friendly people and a stunning location has contributed to a rapid rise in foreign direct investment. Sectors such as agriculture and tourism are particularly attractive to investors and provide a variety of opportunities.
Most African countries have complex business environments, and Mozambique is no different. While investments here may offer high returns, the associated risks can be expected to be high as well, which is typical of a developing economy. Given that the advantages of investing in Mozambique are generally obvious, this article aims to orientate potential investors about the potential pitfalls and how best to avoid these, and to ensure that their investment is secured legally. It focuses on investments in tourism and property.
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