Property Investment News and Analysis from Jet-to-Let Magazine

InvestinCyprus.com Developers has appointed the General Constructions Company (GCC) as the prime contractor for its landmark 5 Star mixed-use scheme, The Grove Spa Resort in Mazotos, Cyprus.

GCC was founded in 1947 and is ... more »

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Monday, February 9

Cyprus Property Investors Delighted With News Of 14 New Golf Courses Approval

by Jet-to-Let Magazine on Mon 09 Feb 2009 12:15 GMT

The Cyprus government has finally approved the creation of 14 new golf courses, which will bring the total number on the island to 17. The decision was finalised at a cabinet meeting last Thursday (5^th February 2009).

Government Spokesman Stefanos Stefanou said the actual decision had been taken ... more »

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Friday, January 16

ECB Rate Cut Appropriate Says the IMF

by Jet-to-Let Magazine on Fri 16 Jan 2009 11:36 GMT

WASHINGTON (Reuters) - The European Central Bank's half point interest rate cut on Thursday is appropriate and reflects a further weakening in the global and European economies, the International Monetary Fund said.

"The cut reflects further weakening in global and European economies and is necessary to stem disinflationary pressures from ... more »

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Tuesday, January 13

"Disneyland Of The Mediterranean" in Larnaca

by Jet-to-Let Magazine on Tue 13 Jan 2009 14:37 GMT

Translation from Greek to English

RUSSIANS WISH TO INVEST 800 MILLION EUROS AND BRING HALF MILLION TOURISTS TO CYPRUS

“DISNEYLAND OF THE MEDITERRANEAN” IN PYLA

Russian investors wish to build a theme park in Pyla in a land of over 600 donums. The project is estimated at a cost ... more »

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Friday, October 3

Overseas property owners renting out to cover costs in current economic downturn

by Jet-to-Let Magazine on Fri 03 Oct 2008 11:10 BST

The credit crunch is having a major impact on overseas property owners who are finding it more expensive to visit their second homes.

The general economic climate means they are now trying to rent out their property but the rising cost of flights and travel is impacting that market too.... more »

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Wednesday, September 24

No meltdown, says MPC member

by Jet-to-Let Magazine on Wed 24 Sep 2008 11:07 BST

Prospects for the economy are far better than those prevailing during earlier recessions in the 1970s, 80s and 90s, despite turbulence in financial markets, according to Andrew Sentance, a member of the Bank of England’s monetary policy committee.

The outlook now is merely for weaker growth, not meltdown, he said ... more »

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Monday, July 28

Spanish house sales dive by 34%

by Jet-to-Let Magazine on Mon 28 Jul 2008 13:05 BST

The value of Spanish coastal properties, home to thousands of British expatriates, are heading for freefall, figures suggest

A further nail has been hammered into the coffin of the Spanish property boom as figures revealed a one-third fall in house sales and analysts predicted a slump in prices.

The statistics ... more »

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Saturday, July 26

Rich look abroad for buy-to-let loans

by Jet-to-Let Magazine on Sat 26 Jul 2008 13:16 BST

Wealthy buy-to-let property investors are bypassing mainstream UK lenders to take advantage of the more favourable terms provided by some foreign banks.

Mortgage brokers said property buyers were preparing to re-enter the housing market as they felt prices did not have too much further to fall. But investors looking for ... more »

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Monday, June 23

Property Investors Unfazed By the Credit Crunch & Still Buying Property Abroad

by Jet-to-Let Magazine on Mon 23 Jun 2008 09:15 BST

Experienced investors aren’t fazed by the credit crunch and still intend to buy property, especially in foreign markets, the Jet-to-Let Magazine Annual Conference survey has revealed.

The Jet-to-Let Magazine 2008 Annual Conference recently took place at The Hilton Metropole in London. The conference was attended by a wide range ... more »

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Tuesday, June 3

Mortgages: Nationwide raises rates

by Jet-to-Let Magazine on Tue 03 Jun 2008 16:39 BST

Nationwide building society announced today it was increasing the cost of its fixed-rate mortgages by up to 0.3%.

The changes, which come into force tomorrow, wipe out some of the rate reductions made by the lender last month.

The group is increasing the rate of its best two-year fixed-rate mortgage ... more »

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Saturday, May 31

Credit crunch sees global property prices tumbling

by Jet-to-Let Magazine on Sat 31 May 2008 18:08 BST

From Dublin to Tokyo, house prices have slumped in the past year as the credit crunch has restricted lending and stunted growth in the biggest economies, new figures have shown.

The world's three biggest financial powerhouses, the US, Japan and Germany, have all experienced negative or zero growth in ... more »

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Saturday, May 24

Why first-time buyers should head overseas

by Jet-to-Let Magazine on Sat 24 May 2008 16:35 BST

Trying to get on the property ladder? It pays to look abroad

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Having a property abroad strikes many of us as a great lifestyle opportunity, but a growing number of UK first-time buyers looking overseas are more interested in sidestepping Britain's challenging property market than the ... more »

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Monday, May 19

Top 10 Property Investment Countries for 2008 Revealed in Jet-to-Let Survey

by Jet-to-Let Magazine on Mon 19 May 2008 09:31 BST

The top 10 countries of most interest to foreign property investors in 2008 have been revealed in a survey conducted by property investment magazine, Jet-to-Let.

In order to provide an up-to-date snapshot of investor intentions in 2008, Jet-to-Let magazine surveyed 1000 new readers who recently subscribed to their free quarterly ... more »

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Friday, March 21

Tempers cool but markets remain icy

by Jet-to-Let Magazine on Fri 21 Mar 2008 14:33 GMT

It was billed as a showdown between the heads of Britain's biggest retail banks and the Bank of England. In private, the executives had been talking it up all week. The Bank should be more like the US Federal Reserve, they argued: pour money into the banking system, lend for ... more »

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Monday, March 3

Sizzling Sicily ‘taking off’

by Jet-to-Let Magazine on Mon 03 Mar 2008 17:19 GMT

The property industry on the island of Sicily has been given a huge boost with news that a new airport currently being developed will be completed and ready for traffic in spring 2008.

Comiso Airport is being rebuilt on the grounds of a disused World War II military airbase ... more »

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Wednesday, February 27

Dollar falls to record euro low

by Jet-to-Let Magazine on Wed 27 Feb 2008 16:42 GMT

The dollar has fallen to a record low against the euro as traders bet that further interest rate cuts will be needed to stem a US recession. The euro rose to $1.509 after buying $1.50 on Tuesday for the first time. Sterling climbed against the greenback too, reaching almost $2. ... more »

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Tuesday, February 26

More gloom for the US housing market

by Jet-to-Let Magazine on Tue 26 Feb 2008 16:43 GMT

Prices of existing single-family homes in the US have slumped at the fastest rate in more than 20 years, while bank repossessions have almost doubled.

Home prices fell 8.9% in the fourth quarter from a year ago, the largest decline in the two-decade history of the S&P/Case-Schiller index of ... more »

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Thursday, February 21

US Fed slashes growth forecasts

by Jet-to-Let Magazine on Thu 21 Feb 2008 17:25 GMT

The US Federal Reserve has slashed its growth forecast for the US economy and raised its forecast for unemployment. The Fed cut its growth forecast for this year by half a percent to a new range of between 1.3% and 2%.

The US central bank also said the jobless ... more »

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Tuesday, February 12

US economy 'will avoid recession'

by Jet-to-Let Magazine on Tue 12 Feb 2008 15:38 GMT

The US economy will grow in 2008 at a similar pace to last year, the White House has said, shrugging off concerns that it is facing a recession. The country will see growth of about 2.7% despite the housing slump and credit crunch, the annual Economic Report Of The President ... more »

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Friday, February 8

New German mortgage products for self employed buyers

by Jet-to-Let Magazine on Fri 08 Feb 2008 17:05 GMT

Spanish-based mortgage broker Capital Financial Partners (CFP) is offering agents with access to self-employed buyers a range of new mortgage products for investing in German property.

The 100% interest only mortgage is set at an interest rate of under 6% for a 12 year period. The 40% deposit required ... more »

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Thursday, January 24

Trichet talks down rate cut hopes

by Jet-to-Let Magazine on Thu 24 Jan 2008 15:57 GMT

European Central Bank (ECB) chief Jean-Claude Trichet has talked down the chances of a European rate cut.

The US central bank cut interest rates to 3.5% from 4.25% on Tuesday to stave off a recession, and some analysts had hoped that the ECB would follow suit.

However, in a ... more »

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Thursday, January 10

Eurozone rates kept at 4% by ECB

by Jet-to-Let Magazine on Thu 10 Jan 2008 15:39 GMT

The European Central Bank (ECB) has left interest rates unchanged at 4%.

High oil prices and an increase in the cost of food have buoyed inflation in the eurozone at a time when economic growth is seen slowing.

The ECB has said inflation remains a problem, noting that December's ... more »

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Monday, January 7

Action urged over US economy woes

by Jet-to-Let Magazine on Mon 07 Jan 2008 16:59 GMT

Top economists have warned that a US recession looks increasingly likely and have urged government action.

Former US Treasury Secretary Lawrence Summers, called for a $75bn (£38bn) package to help stimulate the economy.

And National Bureau of Economic Research president, Martin Feldstein said that the chances of a ... more »

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Tuesday, December 18

Confidence in US housing market spirals lower

by Jet-to-Let Magazine on Tue 18 Dec 2007 12:30 GMT

Permits for new home builds in the US tumbled to a 14-year low last month, official data showed today, as confidence in the weakening US housing market spiralled lower.

The number of home building projects that were started in November also took a big hit, in yet another sign ... more »

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ECB pumps in extra €170bn

by Jet-to-Let Magazine on Tue 18 Dec 2007 12:27 GMT

Emergency help for financial markets has entered new territory with the European Central Bank pumping-in almost €170bn extra liquidity at below market interest rates in a special operation to head off a year-end liquidity crisis.

The surprise move, which followed last week’s co-ordinated barrage of measures by the world’s ... more »

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Wednesday, November 21

Dollar hit by fresh weakness

by Jet-to-Let Magazine on Wed 21 Nov 2007 10:39 GMT

The dollar fell to a twelve-year low against the Swiss franc and lost ground against the yen on Monday as fears over the health of the US economy continued to undermine the currency.

Analysts said weak US data on Friday had helped to cement expectations of further interest rate ... more »

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Tuesday, October 9

ECB chief says eurozone may suffer from banking fallout

by Jet-to-Let Magazine on Tue 09 Oct 2007 09:36 BST

Europe’s fledgling economic revival could suffer in the coming months as credit conditions among banks are set to tighten, the eurozone’s top central banker said yesterday.

Jean-Claude Trichet, President of the European Central Bank, said that growth in the eurozone could turn out to be worse than expected ... more »

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Friday, September 7

Property in Hungary

by Jet-to-Let Magazine on Fri 07 Sep 2007 15:26 BST

When Soviet tanks rumbled through the streets of Budapest in 1956 to crush an anti-communist revolt, who'd have thought that Hungary would, under Prime Minister Janos Kadar, become one of the most liberal of the Eastern bloc nations? A range of policies enacted under Kadar’s leadership from 1956 to 1988 ... more »

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Monday, September 3

UK property price growth second only to Spain

by Jet-to-Let Magazine on Mon 03 Sep 2007 16:17 BST

UK house price inflation has outpaced all other EU countries apart from Spain over the last five years, Halifax research has shown.

Property in Britain is now 90 percent more expensive than it was in 2001, behind only Spain on 100 percent said the study. Across the EU, property prices ... more »

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Friday, August 24

Asian subprime fears grow, Europe calmer

by Jet-to-Let Magazine on Fri 24 Aug 2007 11:27 BST

LONDON/SINGAPORE (Reuters) - Three Asian banks' heavy exposure to the limping U.S. home loan sector reinforced global credit jitters on Friday but Germany and Italy saw no signs of new problems.

Shares in Singapore's DBS Group Holdings, state-controlled Bank of China and its Hong Kong subsidiary, BOC Hong Kong, all ... more »

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Tuesday, August 14

Euro area GDP up by 0.3% for Q2 2007

by Jet-to-Let Magazine on Tue 14 Aug 2007 17:26 BST

According to an estimate release by Eurostat, the Statistical Office of the European Communities, GDP grew by 0.3% in the euro area during the second quarter of 2007. GDP grew in the EU27 countries by 0.5% for the same period.

In the first quarter of 2007, growth rates were ... more »

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