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Monday, July 31

Beware non-regulated property investment funds
by
Jet-to-Let Magazine
on Mon 31 Jul 2006 22:40 BST
I am often asked, "What do you think of XYZ property investment fund?"
My answer is always, "Is it regulated by the Financial Services Authority (FSA)?
If the answer is "Yes" I will then ask for the details, pricing, weighting, fund manager's experience etc..............make a few comments and then invite ... more »

Lending data confirms pick up in UK property market
by
Jet-to-Let Magazine
on Mon 31 Jul 2006 11:24 BST
The renewed vibrancy of the UK housing market was confirmed on Monday after official data showed the number of mortgages granted at their highest level since the start of the year.
However, the same report also showed that consumers are proving ever more reluctant to borrow on their credit cards.... more »
Friday, July 28

UK, US and Eurozone interest rates outlook
by
Jet-to-Let Magazine
on Fri 28 Jul 2006 23:30 BST
The European Central Bank is set to step up the pace of monetary tightening this week with a rise in eurozone interest rates widely expected but the UK rate decision is a much closer call.
The latest data received by the Bank of England showed rising headline inflation, strong retail ... more »
Thursday, July 27

Caveat Emptor
by
Jet-to-Let Magazine
on Thu 27 Jul 2006 23:12 BST
A couple of investors today forwarded a property investment deal that they had received in their inbox.
The “deal” is overseas in a country that I know particularly well.
The inaccuracies in the factual information were astonishing and one particular claim was either misleading or showed a complete ... more »
Wednesday, July 26

The longtime legendary appeal of Swiss franc loses its legs
by
Jet-to-Let Magazine
on Wed 26 Jul 2006 23:15 BST
With conflict raging in the Middle East, it might have been expected that the Swiss franc would benefit from its legendary safe haven status.
But the Swissie has remained weak as it has been much of this year. The franc on Wednesday was hovering close to the near-eight year low ... more »
Monday, July 24

Property market pushes UK wealth to £6,000bn
by
Jet-to-Let Magazine
on Mon 24 Jul 2006 19:54 BST
Britain is now valued at more than £6,000bn on the back of a rejuvenated housing market, according to official data released on Monday.
In its annual calculation of the nation's wealth, the Office for National Statistics said that during 2005 the UK grew in value by £119bn to £6,012bn as ... more »

China limits foreign investment in property
by
Jet-to-Let Magazine
on Mon 24 Jul 2006 13:10 BST
China's efforts to damp speculation in its property market took aim at a new target on Monday when the State Council approved a series of measures to restrict foreign investment in the sector.
The new package of rules – the latest in series of moves undertaken by Beijing in recent ... more »
Friday, July 21

Record mortgages could nudge up UK interest rates
by
Jet-to-Let Magazine
on Fri 21 Jul 2006 14:55 BST
Would-be homebuyers should be careful not to over-borrow on their mortgages, experts warn, as the booming market in home loans becomes the latest factor adding to pressure for an early rise in interest rates.
Record mortgage lending figures may be good news for a resilient housing market and estate agents, ... more »

London property investor networking - Wednesday 2 August 2006
by
Jet-to-Let Magazine
on Fri 21 Jul 2006 12:35 BST
The next London property investor networking event will be held on Wednesday 2nd August 2006 in Central London and is an open event.
For further details e-mail rebecca@bewarethesharks.com more »

Liverpool property investor networking - Thursday 21 September 2006
by
Jet-to-Let Magazine
on Fri 21 Jul 2006 12:33 BST
The next Liverpool property investor networking event will be held on Thursday 21st September 2006.
For further details e-mail rebecca@bewarethesharks.com
more »

UK economy grows at fastest pace in 2 years
by
Jet-to-Let Magazine
on Fri 21 Jul 2006 12:04 BST
The UK economy grew at its fastest pace in two years in the second quarter, driven by robust service sector growth, according to official data released on Friday.
In its preliminary calculation of gross domestic product, the Office for National Statistics said output expanded by 0.8 per cent between the ... more »
Wednesday, July 19

Sterling extends gains despite neutral MPC
by
Jet-to-Let Magazine
on Wed 19 Jul 2006 15:44 BST
Sterling continued to strengthen in European morning trade on Wednesday despite signs that the Bank of England was in no hurry to raise UK interest rates.
The minutes of the Bank's monetary policy committee's July meeting showed all seven members voted to keep rates on hold at 4.5 per cent. ... more »

HIP - Apparent Changes on Home Information Packs Cast Doubt.
by
Jet-to-Let Magazine
on Wed 19 Jul 2006 15:32 BST
The news that the UK government is still hesitating about the introduction of Home Information Packs (HIPS) will not come as a surprise to many. Pressure from estate agents and the industry as a whole will have had a significant part to play in the latest development, with HIPs becoming ... more »

Boom in London House Prices
by
Jet-to-Let Magazine
on Wed 19 Jul 2006 12:02 BST
Fast growth increases North-South Divide, reports Luke Moore
According to the Royal Institute of Chartered Surveyors (RICS), the difference in house prices between London and the rest of England and Wales is the highest it has seen.
The property market in London and the South East seems to be ... more »
Monday, July 17

Home prices 'to rise 50% by 2011'
by
Jet-to-Let Magazine
on Mon 17 Jul 2006 12:02 BST
Average house prices in England could rise from £195,000 to nearly £290,000 by 2011, research from Oxford Economic Forecasting (OEF) has said.
Under-supply of new housing will fuel house price inflation, the OEF added.
Getting on the housing ladder will become even harder, it said, as house prices rise from ... more »
Sunday, July 16

Financial advantages of a short-term holiday let
by
Jet-to-Let Magazine
on Sun 16 Jul 2006 15:37 BST
Marc Hoydonckx has an attractive villa with a pool in Brussels and an apartment in Sotogrande, Spain. Since he likes using both of them himself from time to time, he doesn't want to rent either out on a long-term basis. Instead, he covers his upkeep with just a ... more »

All aboard the buy to let boom
by
Jet-to-Let Magazine
on Sun 16 Jul 2006 15:32 BST
Twenty years ago the idea of owning more than one property was rare. You bought a modest home for about three times your salary and, if you were lucky, moved up the property ladder gradually.
But then in many markets lending criteria were relaxed, the booming residential market gave homeowners ... more »

Bulgaria Beware - a Sunday Times damning undercover report
by
Jet-to-Let Magazine
on Sun 16 Jul 2006 15:28 BST
Bulgaria? Beware
British buyers on the Black Sea may have to face some hard facts, says Sarah Marks
It was, many thought, too good an opportunity to miss: a beachfront property on Bulgaria’s Black Sea coast for £30,000. Not just a holiday home, but a cast-iron ... more »

Bulgaria fails to make the shortlist for the 2014 Winter Olympics
by
Jet-to-Let Magazine
on Sun 16 Jul 2006 12:53 BST
Although largely unreported, Bulgaria has failed to even make the shortlist for the 2014 Winter Olympics which was one of the "sales pitches" for places such as Bansko and the other ski resorts as well as parts of Sofia.
As we have cautioned publically for some time now at Bewarethesharks.com, investment ... more »
Wednesday, July 12

Canada brings a year of interest rises to a close
by
Jet-to-Let Magazine
on Wed 12 Jul 2006 09:47 BST
The Bank of Canada left its key interest rate unchanged yesterday, bringing to an end almost a year of steady increases.
The bank's overnight rate has stood at 4.25 per cent since the last rise in May, compared with 2.5 per cent a year ago.
The bank said the Canadian ... more »
Tuesday, July 11

Slovenia given euro green light
by
Jet-to-Let Magazine
on Tue 11 Jul 2006 17:16 BST
Slovenia given euro green light
European Union finance ministers have cleared Slovenia's entry into the eurozone, the last legal hurdle before it adopts the euro next January.
They confirmed the political decision made by EU leaders in June, making Slovenia the first of the trade bloc's new ... more »

Property unit trusts - debate re-ignited by REITs
by
Jet-to-Let Magazine
on Tue 11 Jul 2006 16:47 BST
The debate over which is better – listed or unlisted property – has rumbled on for years. But in Europe it has been reignited by Britain and Germany's decision to introduce real estate investment trusts (Reits).
For pension funds investing in property, unlisted funds have long had the upper hand ... more »

UK property market goes into reverse
by
Jet-to-Let Magazine
on Tue 11 Jul 2006 16:40 BST
“UK house prices go into reverse” was the BBC’s sober take on the news that house prices slid 1.2% in June, the biggest fall in nearly four years.
“Shock fall in UK house prices…with further falls expected to come,” shouted the Times, rather more excitedly.
Good thing the Bank of England ... more »
Sunday, July 9

Cyprus property market up almost 5% since May
by
Jet-to-Let Magazine
on Sun 09 Jul 2006 14:58 BST
It was reported 7 July that property prices had risen by 2.71% in June following a 2.25% rise in May. more »
Thursday, July 6

Bank of England holds key rate at 4.5%
by
Jet-to-Let Magazine
on Thu 06 Jul 2006 14:11 BST

EU tax on offshore savings falls flat
by
Jet-to-Let Magazine
on Thu 06 Jul 2006 14:08 BST
Europe’s 14-year struggle to tax its citizens’ offshore savings has flopped, after investors in countries such as Switzerland and Luxembourg exploited loopholes in a controversial savings law.
In the first six months of the law’s operation, Switzerland – the world’s leading offshore financial centre – raised only €100m in withholding ... more »

European Central Bank keeps interest rates at 2.75%
by
Jet-to-Let Magazine
on Thu 06 Jul 2006 14:05 BST
The European Central Bank held its main refinancing rate at 2.75 per cent on Thursday, a move widely expected in the wake of June’s quarter-point rate rise.
The decision had been predicted by all but one of 23 forecasters surveyed by Bloomberg, despite a gathering consensus that the Frankfurt-based bank ... more »
Wednesday, July 5

Savills warns on UK property market
by
Jet-to-Let Magazine
on Wed 05 Jul 2006 10:16 BST
The UK housing market is unlikely to sustain its current strength towards Christmas, Savills the quoted estate agents warned yesterday.
"We have some caution that the residential markets may not be as buoyant in the second half," the group said in a trading update ahead of its interim results.
The ... more »

Wimpey says UK property market improving
by
Jet-to-Let Magazine
on Wed 05 Jul 2006 10:06 BST
George Wimpey, the UK's second largest housebuilder, on Wednesday offered further evidence of a slowdown in the US housing market after its Morrison Homes unit revealed a 17 per cent fall in orders for new homes.
Forward order book for Morrison, its US division, stood at $668m at the ... more »
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