UK and Overseas Property Investment News and Analysis from Jet-to-Let Magazine
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View Article  Irish economy goes into recession

The Irish Republic's economy has fallen into recession after shrinking for a second quarter in succession.

The Central Statistics Office (CSO) said gross domestic product (GDP) had contracted by 0.5% in the three months to the end of June.

The economy had shrunk by 0.3% in the first quarter of ...   more »

View Article  Dominic Farrell: Shares or Property and 30% Yearly Returns?
Dear Investor,

Last week was a good reminder of the long-term benefits of investing in property and the disadvantages of relying upon the stock market to increase your wealth.

In 1997, the FTSE 100 stood at 6150 whilst today at the time of writing (and after an 8.8% rise on ...   more »

View Article  US mortgage rates weekly drop most in over 28 yrs

Interest rates on U.S. 30-year fixed-rate mortgages fell by 0.42 percentage point in the latest week, the biggest weekly drop in more than 28 years, according to a survey released on Thursday by home funding company Freddie Mac.

The drop, which drove 30-year fixed rates to an almost five-month low, ...   more »

View Article  Dominic Farrell: Duncan Bannatyne, Entrepreneurship and Construction of The Grove Begins
Dear Investor,

I am now back after an extended summer break, refreshed and looking forward to an exciting final quarter of 2008.

I would like to welcome two new members of staff.  Alun Jones, a former Royal Marines Commando who has served in operations worldwide, has joined Henry’s team at ...   more »

View Article  Lender HSBC cuts mortgage rates

Bank HSBC said it is lowering interest rates for its fixed-rate mortgage loans in response to a fall in funding costs.

HSBC, the country's biggest bank by market capitalisation, is from Monday cutting its standard two, three and five year fixed-rate loans by 0.56 percentage point to 6.27 percent.

The ...   more »

View Article  Accountants confirm effect of UK economic downturn
One in five UK accountants have confirmed that their clients have been refused credit or had funding restrictions imposed in the light of the credit crunch. The findings, from a survey conducted by Invoice and Asset Based Lender, Venture Finance, provide the first real evidence that UK SMEs are starting ...   more »
View Article  Recession fears push pound down

The pound has hit a record low against the euro and a two-year low against the dollar amid fresh fears about the UK sliding into recession.

Gloomy housing and manufacturing data and comments from the Chancellor about the UK's economic woes are to blame for the pound's decline, traders said. ...   more »