Archive for April, 2009
Tax Misery for Holiday Home Owners
Owners of holiday homes and second homes have been hit by ‘technical’ tax changes hidden in the budget. The tax changes may mean rents becoming more expensive for tenants and is fewer numbers of property investors entering the second home in holiday home markets. The tax changes relate to deferring capital gains tax [...]
Wednesday, April 29th, 2009French Holiday Home Insurance
I am wondering if someone can help us, we are renting an appartment in France for a family holiday later in the year. The rental is for a holiday and only for a short period (three weeks).We have received what i consider a rather strange request from the owner.
He has stated that he maintains insurance [...]
Eurozone Holiday Home House Prices
Despite the differences in the severity of the downturn in the property market across the euro zone, one thing is clear - the overseas holiday home investment boom is over. Of course the dream for many UK residents is owning a second home abroad, in a picturesque town or village. The warm climates and relatively low cost of living has attracted millions of UK people away to become expatriates.
Wednesday, April 15th, 2009House Prices. What is going on ?
Are we seeing the green shoots of recovery in the housing market, have the last few months all been a ghastly dream? Has it just been a brief pull back before the market moves north again? Er, possibly not, most people, apart from short term speculators would probably still agree that the cost of a [...]
Wednesday, April 15th, 2009Holidaymakers Stay in the UK at Easter
Holiday makers are so acutely aware of the impact the credit crunch is having on people’s job security and disposable income, they are changing their holidaying habits accordingly. Basic camping, renting out self catering cottage, or static mobile home in a chalet park, is a much cheaper alternative for many families feeling the credit squeeze. The commuting travel time to reach their holiday destination is less than an overseas visit. The daily cost per person is less. The UK also has many great attractions and places to see and experience….
Tuesday, April 14th, 2009Problems with the Housing Benefits System
Should tenants on housing benefits be paid this money directly or is it a safer use of taxpayers money to revert to the old system and paid to the landlord instead? The reduction in the supply of suitable properties for people on benefits will undoubtedly mean an increase in homelessness and short-term social housing. The economic costs of which were surely outweigh the increase in ‘ consumer’ choice tenants have been given…
Monday, April 6th, 2009Holiday & Second Home Ownership
There have been reports in the National Press this week of growing anger and resentment towards the owners of Holiday and Second Homes. Some people are even suggesting that we may see a repeat of the criminal damage caused to property in Wales in the 80s & 90s when over 200 properties were damaged. [...]
Friday, April 3rd, 2009UK Landlords Struggle Onwards
The buy to let boom of the last decade came to an end to years ago at the beginning of the credit crisis around two years ago. Since then many existing landlords have seen their investments fall in value. Today many new landlords are looking at the market closely at the moment to try and judge whether we’re at the bottom of the market or whether property prices are likely to continue to fall in the coming year.
Friday, April 3rd, 2009