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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. 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
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
British buyers on the
It was, many thought, too good an opportunity to miss: a beachfront property on
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
European Union finance ministers have cleared They confirmed the political decision made by EU leaders in June, making
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
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 "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 Forward order book for Morrison, its Friday, June 30
Sellers Pack will curb house sales says report
by
Jet-to-Let Magazine
on Fri 30 Jun 2006 10:53 BST
THE Government expects the number of houses on the market to fall by 10 per cent when the £1,000 sellers’ packs are introduced next year.
Ministers have consistently argued that the home information packs (Hips) will help first-time buyers when they become mandatory next June.
But a little-noticed government report ... more »
The Fundamentals of Property Investment - 15 July 2006 London
by
Jet-to-Let Magazine
on Fri 30 Jun 2006 10:38 BST
The next Fundamentals of Property Investment course will take place in London on Saturday 15th July 2006. For further details please visit: http://www.bewarethesharks.com/propertyinvestmentcourse.htm more »
UK mortgage debt tops £1 trillion
by
Jet-to-Let Magazine
on Fri 30 Jun 2006 10:34 BST
Mortgage debt has gone through the £1 trillion level, according to figures from the Bank of England (BOE). An extra £9.3bn was borrowed to buy homes in May, increasing outstanding mortgage debt to £1.007 trillion. However, the value of unmortgaged property across the
US Federal Reserve raise interest rates to 5.25%
by
Jet-to-Let Magazine
on Fri 30 Jun 2006 10:27 BST
The US Federal Reserve raised interest rates by 25 basis points last night to 5.25% more »
Wednesday, June 28
The Jet to Let Bible - latest reviews
by
Jet-to-Let Magazine
on Wed 28 Jun 2006 09:09 BST
For the latest reviews of The Jet-to-Let Bible: the secrets of overseas property investment please click http://www.bewarethesharks.com/jet_to_let_bible.htm more »
UK property prices rising, but slowdown likely
by
Jet-to-Let Magazine
on Wed 28 Jun 2006 09:04 BST
House prices are still rising but the market is showing signs of slowing down, according to surveys. House prices grew by 0.6 per cent over June, taking growth during the first six months of the year to 2.9 per cent, according to a survey by Hometrack, a property research company. ... more » Sunday, June 25
Bank of England and the MPC
by
Jet-to-Let Magazine
on Sun 25 Jun 2006 13:58 BST
The sudden death on Wednesday of David Walton, an independent member of the Bank of England's monetary policy committee, has two implications for monetary policy. The first regards the direction of interest rates. Mr Walton supported the controversial interest rate cut last August. More recently he had become the MPC's ... more »
Turkey to end 15% withholding tax for foreigners
by
Jet-to-Let Magazine
on Sun 25 Jun 2006 13:54 BST
In an effort to stem losses on its financial markets Turkey is to drop the 15 per cent withholding tax that it imposed on foreign investors in January. The move brings Turkey into line with European Union rules for taxation of individuals, Kemal Unakitan, finance minister, said. Under the proposals, ... more » Friday, June 23
UK property market - instant mortgages!
by
Jet-to-Let Magazine
on Fri 23 Jun 2006 13:27 BST
A number of specialist mortgage lenders are drawing up plans for instant mortgage approvals that would give house hunters access to immediate mortgage offers without even requiring them to obtain a formal property valuation. The move comes as strong growth in the availability of electronic information accelerates the process of ... more »
US interest rates to hit 6%???
by
Jet-to-Let Magazine
on Fri 23 Jun 2006 08:33 BST
Barclays Capital economists on Thursday joined the small but growing “6 per cent” club of analysts predicting that further US monetary tightening still lies ahead. The Federal Reserve’s Open Markets Committee meets next week and is expected to raise its benchmark Fed funds rate by a quarter point to 5.25 ... more » Thursday, June 22
"Financial Freedom" - owning your own time
by
Jet-to-Let Magazine
on Thu 22 Jun 2006 08:59 BST
Greetings from 35C and a beautiful clear blue sky here in Cyprus. How the world has changed with the arrival of broadband internet and air-conditioning! You can work from anywhere in the world as long as you are wired to the internet. For many investors their ultimate goal is to ... more » Tuesday, June 20
UK commercial property slowdown
by
Jet-to-Let Magazine
on Tue 20 Jun 2006 09:50 BST
Demand for commercial property grew more slowly over the past six months than expected and is predicted to stay broadly unchanged over the next six, according to a survey published on Friday. The news is likely to disappoint the many investors who have paid high prices for commercial property because ... more »
Rising cost of living dents Dubai's attraction for expatriates
by
Jet-to-Let Magazine
on Tue 20 Jun 2006 09:47 BST
The rising cost of living associated with Soaring rent and the in-creasing cost of imports from Europe and Friday, June 16
Brazil - worth the trip
by
Jet-to-Let Magazine
on Fri 16 Jun 2006 10:00 BST
There are plenty of reasons to invest in the world’s fifth largest country and Luke Moore looks at why you’d have to be nuts not to consider it. The idea of investing in the biggest of the South American nations is an increasingly alluring one for Jet-to-Let investors. With a ... more » Wednesday, June 14
“Young Professionals Welcome…”
by
Jet-to-Let Magazine
on Wed 14 Jun 2006 09:51 BST
More 20-somethings are choosing to rent property, and Bewarethesharks.com’s Luke Moore is one of them. What are the reasons for this growing trend and will it last? The numbers of young people that are renting property has grown considerably in recent years. This is clearly good news for buy-to-let investors ... more » Tuesday, June 13
New kids on the block
by
Jet-to-Let Magazine
on Tue 13 Jun 2006 13:28 BST
Luke Moore looks at some of the hotly tipped Jet-to-Let newcomers Many would agree that ‘the next Spain’ is an overused phrase in the international property business. It refers to the success that has been enjoyed along the Costa del Brits since mainly UK buyers bought properties in the area ... more » Monday, June 12
This is London calling…
by
Jet-to-Let Magazine
on Mon 12 Jun 2006 11:54 BST
High demand and low supply helps the capital outperform the rest of the UK market. Luke Moore asks, will it last? The property market in London continues to do well and accounts for the majority of the growth seen across the UK in recent months. According to the Hometrack index, ... more » Thursday, June 8
European Central Bank raises interest rates to 2.75%
by
Jet-to-Let Magazine
on Thu 08 Jun 2006 13:05 BST
European Central Bank raises interest rates to 2.75% more »
Bank of England keeps interest rates on hold
by
Jet-to-Let Magazine
on Thu 08 Jun 2006 12:04 BST
Bank of England monetary policy committee votes to keep interest rates on hold at 4.5% more »
UK house price increases falter
by
Jet-to-Let Magazine
on Thu 08 Jun 2006 11:58 BST
House prices rose by just 0.1% in May, the smallest monthly increase since January, the May's rise was markedly below the 2.0% increase recorded in April. The annual rate of price increase stands at 9.1%.
"There are signs that housing market activity may be beginning ... more » Wednesday, June 7
US property market - surge in unsold property - could herald a cooling of the market
by
Jet-to-Let Magazine
on Wed 07 Jun 2006 17:58 BST
The number of unsold homes on the American market has risen by more than 1m over the past year, a gain of a third, increasing the prospect of a rapid cooling of the US property market. The inventory of new and existing homes waiting for buyers is now approaching 4m.... more »
Property Networking, Liverpool 7 June 2006
by
Jet-to-Let Magazine
on Wed 07 Jun 2006 00:09 BST
A group of property investors will be meeting at the Blue Bar, Albert Dock, Liverpool Wednesday 7 June 2006 from 7pm onwards. Any property investor is welcome to attend this informal social gathering. Please address any queries to Luke Moore on 0151 482 5525. more »Monday, June 5
The Jet-to-Let Bible reaches Amazon bestseller spot before publication
by
Jet-to-Let Magazine
on Mon 05 Jun 2006 23:07 BST
The Jet-to-Let Bible: the secrets of overseas property investment has stormed to Number 1 Bestseller in its category on Amazon, even before a single page has been printed. It is also in the top 10 of all property investment books, beating such notables as Donald Trump. The book, ... more »
UK property market revival may be short-lived
by
Jet-to-Let Magazine
on Mon 05 Jun 2006 22:46 BST
Separate reports on Wednesday showing disappointing mortgage data, a dip in consumer confidence and a slowdown in house price growth seemed to indicate the
Bank of England figures showed British mortgage approvals falling to a seven month low in April from 106,000 ... more » Wednesday, May 31
Property Networking Events - Liverpool (7th) and London (12th) June
by
Jet-to-Let Magazine
on Wed 31 May 2006 17:29 BST
Dear Investor We will be holding 2 property investment networking evenings on Wednesday 7 June in Liverpool and Monday 12th June in London, both starting at 7pm and they are open to any investor, whether a member of our community or not. The evenings will be informal ... more »
Nationwide reports sluggish UK property market
by
Jet-to-Let Magazine
on Wed 31 May 2006 13:11 BST
There were further signs on Wednesday that house price inflation was slowing down, despite a strong start to the year from a range of housing indicators. Nationwide, the Sunday, May 21
Germany is to raise VAT from 16% to 19%
by
Jet-to-Let Magazine
on Sun 21 May 2006 13:38 BST
Economists have criticised the move, arguing that it will discourage consumers just ... more »
China - Beijing confronts calls for ceiling on spiralling property prices
by
Jet-to-Let Magazine
on Sun 21 May 2006 13:26 BST
Buoyed by public reaction to his internet posting demanding relief for ordinary citizens from rising housing prices, Zou Tao decided last month to take his campaign to But when he arrived at the airport in Shenzhen, a bustling commercial centre near
Nationwide admit to mistake with mortgage lending
by
Jet-to-Let Magazine
on Sun 21 May 2006 13:21 BST
Nationwide, the The Friday, May 12
Sharkwatch Community of Property Investors meeting 21 May at 6pm in London
by
Jet-to-Let Magazine
on Fri 12 May 2006 13:04 BST
Announcement:
The Sharkwatch Community of Property Investors will meet a 6pm Sunday 21st May in central The evening will follow the normal format starting with an economic and property market update from Dominic Farrell He will also outline the content of his new book, ... more »
London property market - mini boom slows down
by
Jet-to-Let Magazine
on Fri 12 May 2006 11:45 BST
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