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Assetsure News 2nd May
2007
Spanish Property Price Drop a good Thing -
Spanish property prices have taken a little tumble lately, sales are
down and the annual increase is at it’s lowest for quite some time. The expert
view is though that this will not put of the Uk Holiday Home or Buy to let
Investor. Property prices in Spain have been overheating for quite a while off
the back of low interest rates, the increase in rates is cooling the market by
in the long term this will make for more stable growth. British Investors like
Spain, they see it as a mature market, a place to buy property to rent or to
eventually retire to. Spain’s infrastructure is developing all of the time and
despite the recent wobble plans to press ahead with development are continuing.
Buy to let bargain hunters are eyeing up Spain at the moment as a place to pick
up bargain property in the coming months. Young people who can afford to
buy to let or perhaps even acquire property for
short period holiday home rental and can be long term investors can do well out
of the Spanish Market.
Interest rates and the easy of obtaining a Spanish mortgage coupled with some
dubious building techniques will ultimately be casualties of the present
conditions but that can only be viewed as good news. What develops in the next
few years will without doubt be of better quality
Holiday Home Ownership on the up - The number of Brits that own a second
property or a
Holiday home is set to double by 2010. In a
recently released report, figures show that already nearly two million Uk
residents already own a
second home abroad and these figures are set to increase
significantly in the next few years. Second home ownership used to be preserve
of professional landlords buy more and more people are turning to property for
investment or income purposes .
Expatriates don’t like new languages - Well there may be 500 Brits a day
moving abroad to work and live but in seems one thing we don’t like to give up
is our native tongue. Brits like to speak English and that’s the end of it. Half
of Britons that move abroad do not bother to learn the language of there chosen
country, preferring to continue speaking English and sticking with English
customs. Of course owners of
Holiday homes who only spend a fraction of the
time abroad, can easily cope with perhaps only a few words of a foreign language
but it is surprising to note that the bulk of
Expatriates don’t wish to
assimilate themselves fully in to the language of their new home.
Luckily for Brits, popular destinations Spain, France, Portugal & Italy all have
a good grasp of English and you can normally get by on a day to day basis
although help is often needed with any complex transactions or legal matters.
Is your Garden Covered? - With no let up in the wonderful Uk weather
(there’s a bank holiday coming up so that will be the end of it anyway), it is a
good time to check if you
home insurance policy extends to cover items in
the garden. In recent years many people have upgraded the security at their
homes as insurers requirements for locks etc have increased. This improved
security has led to thieves turning their attentions to softer targets such as
gardens and in particular sheds. Many sheds are Aladdin’s caves and often
homeowners have several hundred pounds of tools alone. One high net worth home
insurer is even reporting that it has had policyholders reporting Thefts of
valuable plants and shrubs. Whilst there not too much you can do to protect your
plants, good physical security of sheds, and garage doors may help you to
prevent a loss. Check you policy wording to make sure that items in the garage,
shed or outbuilding are also covered as you may well find that this will be a
thief’s first port of call.
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Copyright Assetsure Limited 2007
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