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Wednesday, October 08th, 2008
If you have turned on the TV of late or tuned in to the radio, picked up a newspaper or even overheard conversations in bars or on trains there is absolutely no way you can have missed the fact that the UK is in a terrible situation financially speaking.
The situation is expected to get worse with the most negative, (or perhaps realistic) analysts suggesting that the end will not be in sight for at least five years. So how on earth can anyone find anything positive to focus on when all around us financial markets are falling, banks are going bankrupt and the average man and woman on the street are the ones being most affected.
Well, here’s a little secret that not so many people know about – the situation across the Channel in la belle France is actually a lot more positive. If you’re wondering how to squirrel your savings away into something safer than a semi-secure bank account or a rapidly dwindling stock or share, here are ten reasons to move into French investment property.
I hope we will be forgiven for having momentarily turned our back on the property market in Dubai – it’s not that we’ve stopped caring for a single second about what happens in this glitzy and surreal world of ever bigger and better real estate projects, it’s just that the global financial crisis caught our eye!
We realise we’ve been remiss and so our eye is back on the ball, and in this article we want to discuss whether Dubai’s property bubble will burst because the market sentiment is certainly divided and there are those championing the ongoing positive advancement of the property scene, while at the same time others are pointing out the pitfalls.
So, on the one hand you have the fact that Dubai’s government will pour as much money as is needed into any element of the economy to see it safe, but on the other hand you have to be realistic about these things and ask, where will the people come from to live in these mega housing estates and to shop in these huge malls?
We have received a whole host of facts, figures and statistics from the homes overseas market in recent days as leading companies release data relating to the numbers of Britons and other foreign nationals who are buying property abroad.
Some of these facts and figures are positively surprising – such as the fact that the amount of property us Brits own overseas collectively amounts to some £58 billion worth of real estate!
But it’s what’s being written and published off the back of all this data that’s worrying us. We want to say to our readers ‘beware!’ because in our opinion there is bad, or at least questionable advice being given to those contemplating buying property abroad.
Read On...
With property prices having fallen by 30% in Northern Ireland already in the year to date, and prices for homes in the Republic of Ireland falling almost as fast, what can home owners and would be buyers find to be positive about? You’d think the answer would be ‘very little’ – what with the lack of mortgages compounding the sense of doom and gloom all round.
But we at Shelter Offshore feel that there are actually reasons for staying positive as property prices plummet in Ireland - and elsewhere around the globe too for that matter - and in this article we’ll explore the reasons you have for remaining cheerful.
The Nationwide Building Society may believe that house prices in Northern Ireland are now worth almost a third less than they were a year ago, and the world may be pointing all fingers at southern Ireland as the first nation to officially fall into recession and mark the path for many other countries to come, but we still think that there is value and positivity in Ireland and here’s why: -
There’s no escaping the fact that for us Britons, shopping is a favourite pastime! And even in these economically challenging times we cannot reign in our passion completely it seems. A new survey conducted by a private banking arm of Banco Santander has revealed that one commodity we still aspire to, hanker after and plan on buying is a home abroad.
Yes indeed, property abroad is still an attractive investment commodity with up to three million of us Brits actively planning on making a purchase over the next two years according to the bank’s survey.
Depending on the age of respondents questioned by the Cater Allen Private Bank survey, the intention to purchase a home overseas was either driven by a strong desire for investment diversification or by lifestyle enhancement reasons.
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