APITS Talks about Brexit

APITS Talks about Brexit

A Place in the Sun Presenters Discuss Brexit The presenters of A Place in the Sun talk us through their thoughts on what Brexit could mean for British overseas property hunters in the short, and long, term… Jonnie Irwin Before Brexit, I spent a lot of time in the Spanish costas, where many estate agents were reporting an upturn in interest, due mainly to Brits. In some areas they reckoned four in five of their sales were to UK buyers. With those sorts of numbers, it’s hard to see why the authorities would want to forgo such a huge buying population in a recovering property market. Another thought: new rental laws in many Spanish regions, including Andalusia, home to the Costa del Sol, mean that local governments now have a clearer insight into how much tax they receive from homes used for holiday lets, many of which belong to Britons. So again, it’s hard to see why they would want to stop this. With Brits comprising such a large portion of foreign buyers in France, Spain and Portugal, I envisage bilateral negotiations and deals set up to provide surety for the future. The rules are likely to change but I see no reason for them to halt what has been a steady stream of purchasers. Get a decent independent lawyer who you can talk to regularly and they should stay abreast of any changes. In the short term, purchasers in Europe are having to fi nd a bit more money due to the weakness of the pound but, as a buyer, I would incorporate that into my negotiations. Currency...

Sterling down despite stronger GDP figures

Sterling down despite stronger GDP figures – October 2016 Post Brexit Slump for Pound? Sterling down further today, even though we had stronger-than-expected third-quarter GDP data failing to allay worries Britain’s vote to leave the European Union. Sterling has lost almost a fifth of its value against the dollar since the June 23 vote for Brexit, and there had been worries that the economy would also take an immediate hit as foreign investment dried up and consumers lost confidence. Thursday’s data showed that the economy grew 0.5 percent in July, August and September, with growth accelerating to 2.3 percent on an annual basis – the strongest pace in more than a year. This is very much in line with what we’ve been seeing since the start of October, where the market no longer has been looking at economic data that refers to a period in the past. Politics this month has taken precedence over the economic data, sterling appears to be looking ahead into what still is political uncertainty. Sterling is on track for a more than 6 percent monthly fall against the dollar – its weakest performance since June – after having fallen only gradually between July and September. Against the euro, which has itself fallen sharply this month, the pound is down 3 percent on the month. Focus will now shift to the Bank of England’s latest quarterly inflation report and monetary policy committee (MPC)meeting next week. In early September, the BoE said it was likely to cut rates again this year if the economy slowed. However, sterling’s weakness, a rise in inflation expectations and the latest...
Nethouseprices Rosemont Woods Information

Nethouseprices Rosemont Woods Information

Welcome Nethouseprices Visitors! “Looking For Buy To Let Opportunity? – You’ll Love This Chance in Orlando” Florida Buy-to-Let $2,500 a month guaranteed! Invest with an experienced management company and benefit from an exclusive rental partnership between Virgin Holidays and Contempo Management.. Florida is a safe destination for investors, with security against “Brexit” & European property market turmoil No second home UK stamp duty to pay Income homes from $334,000! $2,500 a month guaranteed for 5 years Option to renew for another 5 years Collaboration with Virgin Holidays and Contempo Homes Fully managed lease-back agreement Over 20,000 other investment homes to choose from Helping International Investors in Florida for over 30 years! Invest From $334,000 Enquire now to register your interest! Name (required) Email (required) Telephone (required) Message Perfect For Property Investors With UK landlords facing more and more taxes, it is no wonder there seems to be some grey clouds and uncertainty within the domestic buy-to-let market. Some landlords are looking for exit strategies and new investors are concerned. THE US CITY OF ORLANDO CONTINUES TO ATTRACT NEW INHABITANTS AND RECORD VISITORS! According to the most recent figures released by the US Census Bureau, Orlando is the number one destination for population growth, adding over 60,400 new residents in just 12 months (July 2014 to July 2015). This substantial increase accounted for a 2.6% growth in Orlando’s total population during the 12 month period, making it the fastest growing of the US’s 30 largest regions. Orlando’s rising population ensured that it was also named in Forbes.com’s prestigious list of America’s fastest growing cities. Compiled by ranking the 100 largest...
Orlando Sees over 66 Million Visitors in 2015

Orlando Sees over 66 Million Visitors in 2015

Orlando’s streak as the most-visited destination continues! The Orlando area welcomed 66.1 million people in 2015, a 5.5 percent increase. Florida became the first state to welcome more than 100 million out-of-state and international tourists. Gov. Rick Scott said more than 105 million people came to the Sunshine State in 2015. The record-breaking number was announced Thursday morning at Epcot. “We have a great tourism industry all across our state,” said Scott. State and tourism officials said it took time to crack the 100 million mark, a goal set by Scott several years ago. “The momentum is extraordinary,” he said. “And one of the most important things we have is strengths in markets like the U.K. and Latin America. We have growth in overseas visitors.” Between January and June, Florida recorded 54.1 million tourists. About 25.8 million visitors came to Florida during the second quarter of 2015, an increase of 5.5 percent over 2014’s second quarter. New attractions and an ever-changing tourist landscape in Florida is being credited for the increased number of visitors. Chapek took a moment to describe the lenghty list of changes and updates coming to Disney’s parks in Orlando, including lands for Star Wars, Toy Story and Avatar. Seccombe said Orlando’s success is critical for the state’s overall success. “Orlando is the most visited destination in the United States. It’s the most visited city,” he said. “And certainly the home of the theme park capital of the world, right? No place else on earth can compare to that.” In 2014, Orlando recorded 62 million visitors, which includes in-state, out-of-state and international visitors. Even though the...

Bank of England on Buy To Let Lending

The Bank of England is expected to signal a clampdown on buy-to-let lending when it reports on the mortgage market for landlords. The Bank has been watching the buy-to-let market for some time and is concerned about the amount of money pumped into the market and its vulnerability to even a small rise in borrowing costs. Threadneedle Street’s regulatory arm, the Prudential Regulation Authority, will on Tuesday publish a report on underwriting standards for buy-to-let mortgage lenders alongside scenarios for testing the financial strength of Britain’s banks. The Bank is concerned that lenders have relaxed standards for landlords, creating conditions for a property crash. Potential measures to rein in the market include limiting the percentage of buy-to-let mortgages for each lender, tightening the terms of such mortgages or forcing lenders to use more capital for the loans. Bank of England must burst the buy-to-let bubble now.  The buy-to-let market has jumped back to life in recent years with interest rates at all-time lows, making borrowing cheap and offering little return for people with money in the bank. The chancellor’s stamp duty surcharge on second-home purchases, designed to cool the market, has prompted a short-term frenzy of buying before the 1 April deadline, further pushing up house prices. George Osborne said last week he was ready to give the Bank’s financial policy committee further scope to restrict buy-to-let lending. With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in...

Buy-to-let landlord surge in UK

Buy-to-let landlord surge ignites chain reaction in housing market, from the Guardian Rightmove claims landlord rush to beat stamp duty surcharge fuelled rise in homeowners selling up and trading up The average asking price of homes coming on to the market has risen to a new high, increasing by 1.3% over the past month to an average of £307,033 as landlords raced to buy properties ahead of an increase in stamp duty. According to the property website Rightmove, the change to stamp duty on 1 April helped “ignite an onward chain reaction”, with landlords snapping up homes at the bottom of the ladder and former owners moving on. The average asking price for properties typically bought by first-time buyers was down by 1.4% over the month to £182,926, when inner London was excluded, but there were rises in the price tags of larger homes. The asking price for three- and four-bedroom properties newly listed in April was up by 0.6% on the previous month, at £257,871, while at the top of the ladder homes with at least five bedrooms and four-bed detached properties, were being marketed for 1.9% more than in March, at an average of £546,232. With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property. For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com Office: (1) 407 777 9307 www.BuyToLetHomes.com | www.BritishHomesGroup.com...