Finance and Property News
The Mortgage Helpline International Group
Overseas Property Unaffected by Brexit
by A Place in the Sun on Thursday, August 04, 2016New figures have identified the referendum announcement in June had little impact on overseas property searches.We have analyzed search patterns on aplaceinthesun.com from 2015 against those recorded this year to find...
Overseas buyers take advantage of weakening pound
With the pound plummeting in value since the Brexit decision in June, overseas buyers have been quick to take advantage of the favourable conditions that have made investing in UK property even more attractive.Buyers from the around the world now find their...
Bank of England cuts interest rates to 0.25%
UK interest rates have been cut for the first time in seven years as part of a wide package of Bank of England measures to shore up the economy in the wake of the Brexit vote.The Bank cut official interest rates to a new record low of 0.25% from 0.5% and signalled...
Portugal house prices rise 5.4% in Q2
The average price of a home in Portugal increased by 5.4% in the second quarter of 2016, when compared to the same period last year, according to the latest figures released by the online property information platform Idealista.Property prices rose across most regions...
Sales in France to International Buyers increased by 29% in 2015
ales of property in France to international buyers increased last year by 29%, with the British leading the pack.Total sales to non-resident buyers were 17,785, a substantial increase over 2014 (13,823) and 2013 (13,621).Of this total British nationals purchased...
Moody’s Estimates Spain House Prices Will Grow by 5% in 2016
Moody’s credit rating agency has estimated that the price of housing in Spain will increase by 5% in 2016 as a result of the continuing recovery of the Spanish real estate sector, driven by better economic conditions and the lowest mortgage rates since 2011.The agency...
Home Sales Climbed by 23.6% in May
The latest data published last week by the National Statistics Institute shows that sales of homes in Spain rose by 23.6% in May, compared to the same month of 2015, reaching a total of 36,425 transactions, and represents the highest figure registered since January...
British Up Their Search for Homes in Spain Following Brexit
Following the unexpected outcome of the recent referendum on whether or not Britain should remain in the European Union, resulting in the ‘Brexit’ or Britain’s departure from the EU, British citizens have been rushing to look for homes in Spain.A large number of...
Greatest Rise in Spain’s House Prices Since 2007
The European Commission statistical office, Eurostat, reported that according to their latest data, the price of housing in Spain registered a year-on-year increase of 6.3% in the first quarter of the year, which represents its greatest increase since the third...