Overseas Property

London property prices buoyed overseas demand

Article by Edward Dobson

London property prices are continuing to appreciate, on the back of growing demand, particularly from overseas, according to various reports.

The latest report from international estate agents Savills shows that investors from India have replaced the Chinese as the largest group of overseas buyers purchasing property for sale in London. Asia’s expanding economies, growing middle class and favourable foreign exchange rates, has made London a magnet for Asian investors, particularly those from India.

“There are more buyers coming from India and Pakistan than China – and they’re spending more,” the report stated. “This group is now the most important to the London market among the emerging economies.”Savills estimates that a total of

Property Investing With SIPPs and REITs

The introduction of SIPP qualified overseas property investments has assisted in the encouragement of increased investment options, with tax advantages and the possibility of deciding upon your own investment options for your pension fund plan.

Self Invested Personal Pensions (SIPPs) are regulated by the Financial Services Authority (FSA) and allow holders to manage their own investments from their pension funds rather than having their finances managed by a chosen fund in the more traditional sense. This is a great alternative to those who are experienced in overseas property investments and wish to manage their own futures.

While it is not only property investments that are legible for the SIPP portfolios, the potentially higher capital growth on property, especially in the long term and from emerging markets, the gains can be far greater than stocks and shares.

Many new developments are SIPP recognised, so if looking for an overseas property investment for a SIPP portfolio, it is important to confirm that the property of choice is suitable.

A suitable investment company will be able to assist with any questions and guide in the right direction for further detailed information.

While investing in some international property may withhold the tax advantages of SIPP investments, REITs (Real Estate Investment Trusts) have been designed with advantageous tax benefits. The combining of REITs and SIPPs enable investors to manage their own funds with tax advantages and have the profits incorporated into their SIPP fund.

Consulting with an investment advisor about the possibility of SIPP and REIT benefits when considering purchasing overseas property can lead to greater benefits from investments and future security.

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5 Tips to Buy Overseas Investment Property

Article by Belgrave Group

When buying investment property abroad, you should always take your time to research your options, and the property market, and get some advice from independent experts. Buying a property overseas is a very exciting prospect but never rush the decision. Here are some of our tips that can enable you to choose a successful and high-yielding overseas investment property.

1. Define Your Motives and Think About your Exit Strategy

Overseas Investment Property

Article by Keith

Can I really benefit from substantial capital growth, high rental yields and personal use?

Overseas investment property offers many benefits to the astute investor. With locations offering established or emerging overseas investment property markets, there are many attractive options.

Investors are inevitably drawn to the current overseas investment property “hotspots”, where property can be secured at comparably low prices. These areas often offer high capital appreciation, as tourism is attracted and re-development is undertaken to maximise rentals and the resulting returns/profits.

As well as investors being attracted to overseas investment property opportunities due to the high capital growth and rental returns predicted, many opportunities are also offering an element of personal use.

Not only is the personal use element an added attraction that investors may not benefit from in UK property investment (for example), this can also substantially reduce the cost and increase viability of travelling abroad to your investment property for holiday purposes.

Particularly with more economical flight packages on offer to popular destinations and the comparably lower cost of eating, drinking, etc. The cost saving of accommodation for investors is a very attractive proposition.

Investors particularly interested in the personal use aspect of overseas property investment may be governed by the country and area in which they would like to visit and spend their free holiday time in the foreseeable future.

Overseas investment property opportunities within a few hours flying time may be a viable option for weekend visits, whereas countries with flight times in excess of 10 hours (for example) may not make a short stay an attractive proposition and would be more suitable for visits of 7 days or over. Certainly an important factor to consider to ensure that you can make the most of the personal use that your chosen overseas investment property has to offer.

One thing is for certain. Overseas investment property can not only offer substantial capital growth and rental returns, but also a set period per year of personal use can offer further investor savings when it comes to travelling abroad.

For investors interested in overseas investment property, there certainly are numerous benefits which can offer the best from both business and pleasure.

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Slovenia Property Mortage and Finance Options

Article by Kelly Price

This article is all about Slovenia property finance options which are now available to buy property locally. Buying Slovenia property is already popular with overseas investors, as it was recently voted one of the top ten property investment destinations in the world. With forecast growth of up to 284% in the next ten years and with finance options available, more overseas property investors are likely to consider buying property in Slovenia.

Buying Slovenia property has another advantage compared to some other overseas property investment destinations – finance options are available through major banks.

At present there are now two banks that offer Mortgages to the overseas investor interested in purchasing Slovenia property.

The Austrian bank VOLKSBANK for overseas buyers to take out 70% mortgages and on a case by case basis up to 75% (which depends on the customer’s credit rating type and the location of the property). The mortgage is secured on the property bought in Slovenia, not the purchasers property in his or hers country of residence.

2. SKB Banka based in Slovenia offer 50% mortgages, although recently they have been allowing up to 70% on renovation or unfinished projects. The mortgage is secured on the property bought in Slovenia, not the purchasers property in his or hers country of residence.

A 10% deposit is normally required to secure your Slovenia property.

This is normally paid under the terms of a preliminary contract that states the basic terms of the sale and the conditions under which the deposit is paid.

If the seller backs out your deposit will be returned to you – but doubled, this is Slovenian law. If you back out then the seller will keep the 10% you paid. In marked contract to the UK gazumping is virtually non-existent in Slovenia.

After the above is completed a main contract follows.

You should ensure that you are understand and are happy with the property contract presented to you and take independent legal advice locally, so you understand all the contract details.

Any property investor should always remember – that your home or foreign property may be repossessed if you do not keep up repayments on your mortgage.

Slovenia property looks to be a rewarding long term investment, as the demand for quality property is seeing a broad based housing boom. This boom is being fueled by a number of factors including:

- Strong economic growth which has been fueled by recent EU membership.- Slovenia is a beautiful country, with an under developed tourist industry which is expanding.

- Buying Slovenian property is straightforward and with finance options available the destination is seen as a safe and stable overseas property investment destination.

Buying Slovenia property for sale is likely to become more popular over the next few years, as buyers take advantage of the strong potential forecast growth for Slovenia property. With the added bonus of finance and mortgages available for purchases, this market looks likely to see an increasing number of overseas buyers, purchase property in Slovenia as an investment.

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Purchase Property in Greece

Greece, considered as a one of the important members of European Union, is popularly known for its tourism and architecture. The country has been through to major makeover in the recent times. Overseas investment and real estate project has boomed the property rates in Greece like never before. A well build infrastructure and booming economy attracts investors from all over the world to invest in Property in Greece. Its northern and southern districts, suitable for residential and industrial properties, are well connected to the highways as well as all the international airports. Besides, rest of the part can be availed at nominal rates.

The economy of the Greece has been booming at a fast pace. Investment from many countries has led to an enormous demand of residential and industrial sectors in Greece. Therefore, people in large numbers are moving to Greece due to lucrative job opportunities created by the ever-expanding industrial sector. However, there is a huge demand of Greece Property in the world’s real estate market. Investors are spending huge sums of money on real estate in Greece as it has been proved as lucrative deal in recent past. Greece is a small and beautiful country, with its roundabout 2000 islands and 15000 km of coast, makes it an ideal place to live. Adding to that, the cost of living in Greece is comparatively low than any other European country. This is one of the factors, which attracts foreigner to invest in this country.

Properties in Greece are constantly being a hot favorite amongst investors all over the world due to various reasons. The residential and commercial properties in Greece have seen a significant rise in the last few years despite property rates touching high limits. This is attributed to the availability of outstanding infrastructural facilities for residential and commercial purposes. However, in few areas the rates of properties have been skyrocketed, but in some regions’ properties are still left untouched and can be availed at great prices.

There is a wide array of property choices in Greece such as Athens, Peloponnese, Crete, and so on. The rates of property are much cheaper in Greece than any other European country like France, Italy, England, and Germany. Greece is a serene and beautiful country to live to, that is why the Property in Greece is selling like hot cakes. In addition, Greece is a hub for various industrial and tourism activities, which makes it a prime choice for investors to invest.