View more on these topics

Over nine in 10 overseas homeowners keen to buy more properties abroad, survey shows

Over nine in 10 overseas homeowners intend to buy more properties abroad, with half planning further purchases within the next year, a survey by the Property Investor Show North reveals.

The survey shows confidence in the overseas market is strong, with the expansion of the EU, rocketing house prices in the UK and the strength of the pound fuelling further investment. Almost one in five foreign homeowners now own more than one overseas property.

PISN says investment remains a key motivator for nearly of people buying property overseas, with good returns expected mostly through capital gains rather than rental yields. However, over one third of overseas purchasers bought their property abroad as a second home for themselves and 9% as their main home, with a better quality of life the main motivator for making the shift.

The prospect of better weather and fewer taxes also proved to be persuasive.

Of the 95% of overseas investors planning expansions abroad, many are planning on expanding further into new markets. The most popular locations for overseas properties remain Spain, France and Florida, but Eastern Europe and South Africa are both beginning to make their mark as new hotspots.


Sesame in KFI data pledge

Sesame is the first network to take responsibility for ensuring that Key Facts Illustrations brokers obtain from its customised versions of Mortgage Brain and Trigold are accurate and comply with FSA rules. Although Network Data provides a guarantee that information from its own sourcing system, MortgageLink Enterprise Edition is correct, Sesame says it is the […]

New rules for lenders in consumer credit shake-up

Consumer minister Gerry Sutcliffe yesterday announced that all consumers will get clear and detailed information about their credit agreements from lenders before they sign up &#45 enabling them to shop around for the best deal. Sutcliffe also said excessive charges for settling an agreement early will be replaced with a new fairer system. The move […]

Tenet buys Premier Protection network

IFA group Tenet, which owns mortgage and general insurance network Lime, has bought Premier Protection network for an undisclosed sum and says further acquisitions could follow. Pure protection network Premier, which will retain its brand name, has around 2,500 non-regulated advisers. The move brings Tenet&#39s total number of members to around 5,000. Premier will continue […]

The first-time buyers won&#39t be back soon

The volume of first-time buyers entering the market has fallen steadily year on year to 29% of all mortgage lending in 2003 following a peak of 47% in 1999. Forecasts early this year predicted that FTB activity is likely to settle at 29% for 2004 and 2005. First-time buyers are seen as the property market&#39s […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


News and expert analysis straight to your inbox

Sign up