September 29, 2005
Pru chief: Don’t lose out on SIPPS
When the SIPPs pensions are introduced next year and the complete overhaul of Spanish property investments through this kind of method are then paved away, there could be slights misgivings next April. This kind of pressure may then come from employees losing out on their surprise pensions and the surprise benefits that they receive.
To simplify company pension schemes is the new rule brought about by this SIPP development pension plan. This will be introduced on April 6, 2006, and that the aim of this legislation comes in two-fold: to make the pension system less complex and to encourage greater pension investment. With this new method comes many tax-free inducement schemes, including the idea of buying a second home in Spain or other safe and suitable countries to your liking and purchasing these properties through a SIPP pension plan. In a personal survey, this is what the pension giant, Prudential UK, found out:
Posted on: Spain
September 28, 2005
Spain Tops List for Sunny SIPPS Investors
There are as many as 1,000 investors, particularly the property in Spain, who would benefit from the new tax friendly rules that will establish the government as having to contribute up to 40,000 to 100,000 needed to buy a second home in this country. A recent study conducted proved that many people and many investors are out to take advantage of this new tax break, which would benefit them from buying a second home under the sun. This tax break also has its objective as having people to invest in their personal pensions.
An amount of 1.5 billion will be around to be shared into the overseas properties, particularly in the countries of Spain and France, as people use tax breaks to purchase holiday homes, according to the study by Hangreaves Lansdown, one of UK’s biggest independent financial advisers.
Posted on: Spain
September 27, 2005
High Anxiety Summer for Brit Illegal Buyers
British illegal buyers of property in Spain, particularly buyers with townhouses and villas, will now have to face a team of demolitions and constructions as they are being hunted one by one by the European Commission (EU). This is in a move that says that the EU has vowed to get rid of all illegal buyers who have bought their properties in “illegal” deals from local agents, builders and developers. But with this new development, there are still less British who would do nothing but watch their comrades’ homes being demolished.
Posted on: Spain
September 18, 2005
Turn to the Algarve for inspiration
The Algarve is a popular holiday destination with the British but it is also a place to buy a second home. It has great, wide sandy beaches splashed by Atlantic waves and depicted by strong sandstone cliffs, hours and hours of sunshine and a lot of light and warmth when Britain is cold during Winter. Most of the coast has been developed. The communities are quite metropolitan which has advantages particularly good transport infrastructure, facilities and shops. But this does not mean that rocky graves and grottoes or traditional villages around the region can no longer be found. In the far southwest is Sagres where Henry the Navigator’s school was located, now a patron of the great Portuguese voyages of discovery which began in the 15th century.
Posted on: Portugal
Turkey’s Property Market: dependent on EU vote
Together with Eastern European states Bulgaria and Cyprus (north), Turkey property is popular with British and Irish property market investors. However, it could be hit hard by the troubles over the French and Dutch EU ratification/ referendum of “No” votes. The turnout of the referendum could yield severe effects on the economies and property markets of these countries.
While these countries have made some marked improvements economically, they still have to address issues in corruption and a host of other problems. If these countries will not, the initial improvement in their economies they experienced as they applied for EU membership will suffer.
Posted on: Turkey
September 12, 2005
Florida’s weather: positive or negative for investment?
Even if certain destinations are prone to destructive weather conditions, it does not stop the British from investing in it.
One example is Florida. A top destination abroad for the Brits, it caused widespread destruction in the south-eastern portions of the United States in 2004. In spite of what happened, strong investment continues to pour in from the British who enjoy much of the sun and warm weather it offers when the hurricane season is not around the corner. For them, hurricane or no hurricane, Florida still remains a strong investment option abroad. Its property value and high returns outweigh possible damages brought by hurricanes.
Posted on: Florida
Weather The Make or Break of a Successful Overseas Property Investment?
At a time when hurricanes are causing widespread destruction across the southern United States and severe droughts are affecting Spain, can the property market continue to grow if demand from investors slows? A recent poll commissioned by The Property Investor Show (23-25 September, ExCeL London) reveals that 72% of potential investors are still considering buying abroad despite the bad weather conditions. In fact weather still tops the polls as the main pull factor for Brits buying abroad.
Florida, one of the top destinations for Brits buying abroad, escaped unscathed from Hurricane Katrina. Despite being a prime hurricane area, British enthusiasm for investing in Florida does not appear to have been dampened. Even following Hurricane Frances in early September 2004 Brits still flocked to the ‘sunshine state’ in search of an investment opportunity.
According to Adam Woolley, Marketing Manager at Property for Life selling property in Florida, “As yet I’ve noticed no effect on our business. I am certain people will continue to buy in Florida in equally large numbers, as the draw of great value property and high returns greatly outweigh the potential of hurricane damage.”
Posted on: Florida
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