Archive for May, 2009
‘Flipping’ Between Your Main Residence and Your Second Home….
For the huge numbers of people with second homes across the UK, the importance of minimising their capital gains tax is imperative. Many people have purchased second homes to let out the tenants as a traditional holiday rental. Many second homeowners have purchased properties in the countryside to get away from the urban [...]
Wednesday, May 13th, 2009Spainish Holiday Home News
Savvy investors or would be holiday home purchasers, are wising up to the fact that there is plenty of property around and are thus driving a hard bargain before parting with any money. Advertised prices are simply not being achieved and anyone wishing to sell a property quickly is often having to make some sizeable reductions. Property has basically been overpriced, there is too much of it for sale and a natural correction is occurring. Homeowners are not the only ones with difficulties though….
Tuesday, May 12th, 2009Is Fractional Ownership the new Timeshare?….
Its often difficult to justify the purchase of a holiday home abroad, particularly if , realistically , you will only be able to use it for a few weeks of the year. Many people find, (particularly, if they are still in full time employment) that visits to the property occur not as often as anticipated. Recently, there have been increases in air fares and the effects of the credit crunch have also meant that properties are not so easily rented, thus even if your holiday home is not being used by yourself, it may prove harder to rent than a few years ago.
Wednesday, May 6th, 2009ARLA Launches New Letting Agents Scheme
The purpose of the letting agent scheme is to improve the overall standard of letting agents care towards tenants and landlords. Despite the fact that the scheme is entirely voluntary, the move by ARLA goes some way to embarrassing the government’s lack of activity, in introducing formal regulation, to mitigate the impact of cowboy letting agents…..
Tuesday, May 5th, 2009