It’s a well known fact that the majority of Brits dreaming of home in the sun still consider Spain their number one location. It’s not hard to see why either - it’s just a short hop from the UK mainland with multiple carriers flying regular routes daily, furthermore the weather is fantastic, the food exquisite and the expatriate population strong meaning that even those a bit nervous about leaving family and friends behind and having to adapt to a new culture are lulled gently into a new way of life in Spain.
Naturally enough this passion for Spain translates into a passion for Spanish property…
The Labour government’s Minister for Pensions Reform has labelled Britain’s twenty to thirty year olds the ‘live fast, die poor’ generation and accused them of being irresponsible with their money and failing to save sufficiently for their retirement.
UK retirement planning mainly consists of living life today and worrying about a pension tomorrow it seems. This article looks at where the main UK pension time-bomb problems stem from and discusses some of the real savings and investment alternatives available to younger savers.
According to the latest research from the Prudential financial services company in the UK, the fact that the British government plans to increase the state retirement age to 68 by 2044 matters not to most Britons because even those approaching the current retirement age of 65 admit that they will have to keep working past that age in order to afford to live.
Is it any wonder then that British citizens from the generation aged between 35 and 55 are using buy to let property investment in a bid to grow their investments and savings into something large enough to support them when they retire?
The process to buy property in Italy recently became more secure for purchasers who select off plan properties because all property developers and construction companies in Italy now have to provide a bank guarantee to the value of the property being purchased for any sales contract to be accepted as legitimate.
This announcement should’ve resulted in a boost in property sales in Italy but the Italian stock market’s real estate sector recently dropped in value and there has been a certain amount of uncertainty in the property sector in Italy in the wake of confusing taxation changes announced by the government recently. This article examines whether or not the time is right to buy property in Italy for all those property investors confused by the current market status.
If you’re tired of buy to let and fly to let and are looking for an alternative for your property investment portfolio what about diversifying into commercial investment property?
A number of Central and Eastern European countries which have already had booming residential property markets are beginning to develop a range of commercial investment property opportunities particularly in the hotel and office sectors which are ideal for investors seeking diversification.
In property news this week: the Organisation for Economic Cooperation and Development (OECD) has been analysing the housing data from seventeen of the main OECD nations in a bid to determine which countries have potentially unstable property markets.
The findings of the OECD “Are House Prices Nearing a Peak?” report are quite dramatic. According to the property news report Denmark and New Zealand have some of the least stable property markets in the world with New Zealand’s housing market having peaked four times since the 1970’s for example, and currently having an 83.9% chance of another peak should interest rates in New Zealand rise by 1%.
The successful Channel 4 property series ‘A Place in the Sun’ is gearing up for a one off lavish special – ‘A Luxury Place in the Sun’ - the show will feature holiday home seekers with a budget of in excess of one million pounds who are hunting for their dream home anywhere in Europe.
Successful contributors will be taken by the show’s presenter Amanda Lamb (pictured) to their preferred European destination, shown four absolutely stunning and wholly suitable properties that match both the contributor’s budget and general requirements, and then they will be given the chance to make an offer on their dream home.
As an alternative to the hot Dubai property scene, property investors keen on the real estate vibe in the United Arab Emirates might like to consider Abu Dhabi property as a means for diversification. The emirate is as affluent and exciting as Dubai but lesser explored and may currently offer investors better value for money and the potential for stronger yields and gains.
With the recent announcement by the Abu Dhabi Towers Property Investment Company that work is about to begin on a mammoth and magnificent residential and commercial property development on Reem Island, there is suddenly a wealth of great property on the market in Abu Dhabi to fulfil many an investor’s requirements.
The British government has announced that the taxation treatment of accumulation and maintenance trusts as well as interest in possession trusts is to change radically and this will have far reaching consequences particularly for British expatriates who use offshore trusts as a way to protect their assets from inheritance tax, their wealth from potential litigation, and their privacy from exposure.
Offshore trusts have long been associated with achieving legitimate taxation relief as well as securing assets; but in his last budget, the British Chancellor of the Exchequer Gordon Brown announced a series of trust legislative changes that will see greater taxation of assets within offshore trust structures and even less privacy and confidentiality when it comes to the personal information of a trust’s beneficiaries.
With house prices remaining relatively sluggish across many parts of the major property economies in the world and the world’s stock markets proving volatile once again, investors can be forgiven a little confusion when it comes to determining whether investment property UK or FTSE stocks and shares represent the best investment commodity before they commit to one or the other.
However, according to a report in this week’s Sunday Times Online investors are worryingly not only shifting their financial focus but their financial resources frequently as they struggle to determine whether or not property or the stock market is the best decision for their investment needs - and by moving money from one commodity to the other investors are actually running the risk of losing far more money than they could potentially gain.