Top of the Props: Foreign buyers flock to US property

Top of the Props: Foreign buyers flock to US property

United Kingdom United States

US top of charts in 4 of last 6 months

  • Cyprus now 3rd most popular, 2nd month in top 5
  • France takes 4th following election
  • Canada climbs back into top 10

 

Foreign buyers continue to flock to US property in 2017, reveals TheMoveChannel.com’s latest Top of the Props index. The USA accounted for 1 in 12 enquiries on the portal in May, stealing the top spot back from Spain.

America has consistently been one of the most sought-after destinations among foreign investors in recent years, ranking number one in TheMoveChannel.com’s Top of the Props charts for four of the last six months. After months of battling Spain for the coveted first place, the USA once again came out on top in May, pushing its rival down into second. The country made up 8.44 per cent of all enquires on the international portal in May, up from 4.87 per cent in April.

Spain’s share of enquiries fell from 10.4 per cent in April to 4.31 per cent, although its share remained higher than a year ago (4.03 per cent). Interest also grew year-on-year in Cypriot property, with the island’s share of activity soaring from 0.38 per cent in May 2016 to 3.35 per cent in May 2017. This is the third month in a row that enquiries have increased for real estate in Cyprus, as buyers continue to return to the island. Cyprus is now the third most popular destination on TheMoveChannel.com, marking its second month in the Top 5.

In mainland Europe, France enjoyed a flurry of activity following Macron’s election victory, climbing five positions to seize fourth place. French property accounted for 2.63 per cent of enquiries in May, up from 1.67 per cent in April. The Top 5 was completed by the UAE, which also surged five places up the chart to re-enter the top tier, accounting for 2.12 per cent of enquiries.

Portugal, meanwhile, slipped two places into sixth, accounting for 1.85 per cent of enquiries. Bulgaria also dropped seven places in the charts, but remained in the Top 10, after a significant increase in interest from buyers in the last year. Eighth place Italy’s share of enquiries dipped from 1.91 per cent to 1.69 per cent, but the country remains in the same place as a year ago. Interest climbed in Canadian real estate, which rose nine places into seventh. This is its 2nd month ranking in the Top 10 this year, after interest weakened in the second half of 2016, following the introduction of a tax on foreign buyers in the Vancouver region.

The rise of the USA occurs as the National Association of Realtors forecasts that foreign buyers and immigration are expected to drive future demand for housing in the country. This week has also seen the Federal Reserve decide to raise interest rates for the second time this year, with another hike potentially on the cards before the end of 2017.

TheMoveChannel.com Director Dan Johnson comments: “America’s housing market continues to enjoy a strong and stable recovery in the eyes of investors. As demand outstrips supply across most of the country, property prices have now risen year-on-year for 62 months in a row, according to the National Association of Realtors. Buoyed by the positive sentiment in the US economy, with the Federal Reserve raising rates for the third time in seven months this week, the country’s investment appeal shows no sign of fading. Florida, California, New York and Texas are all popular among foreign buyers, but with the dollar strong against other currencies, enquiries from investors on TheMoveChannel.com are fuelled primarily by interest in Detroit and Florida, where prices remain below their previous peaks, despite strong capital growth in the last year.”

Click here to see the full top 40 property destinations for June 2017.

 

— ENDS –

Notes to Editors

About Lead Galaxy and TheMoveChannel.com

Founded in 1999, www.TheMoveChannel.com is the leading independent website for international property, with more than 1.4 million listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.

The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.

——————————-

Do you need comment or statistics for an international real estate article? Our experienced editorial team and management are happy to collate data, provide example properties, or offer insightful comment to support your publication.

Please contact Ivan Radford on ivan.radford@themovechannel.com or +44 (0)207 952 7221

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Feature property listings in your publication!

Our technical team has developed a great new solution for content publishers that allows the addition of high impact advertising units, which can be configured to show property listings, relevant to a type of property, country, region or a specific location.

There are 2 types of implementation:

  • Standard Ad Units: These show in 120,600, 160×600, 300×150, 300×250, 300×500, 300×750 and 728×90 formats, with a varying number of listings showing in each version.
  • Dynamic Portfolio: This is a completely configurable panel, where you can choose the number of columns and rows, plus the size of the listings and dedicate a section of a page, or even a whole page to a set of properties.

Please contact Ivan Radford on ivan.radford@themovechannel.com or +44 (0)207 952 7221

Top of the Props: Overseas interest strengthens in Cyprus

Top of the Props: Overseas interest strengthens in Cyprus

Cyprus United States World
  • Cyprus re-enters Top 10 destinations
  • Enquiries for Cypriot property up 50pc in Q1 2017
  • USA number one property market for overseas buyers

Overseas interest in Cyprus strengthened in March, reveals TheMoveChannel.com’s latest Top of the Props index. The country re-entered the top 10 most popular countries on the portal for the third time in six months, becoming the sixth most sought-after destination.

Foreign buyers returned to the island’s property market at the end of 2016, with enquiries rising 22 per cent in the second half of the year. After 2016’s strong finish, enquiries faltered at the start of 2017, but buyers are now showing signs of returning in greater numbers. In real terms, enquiries for Cypriot property rose by more than 50 per cent in Q1 2017 compared to Q4 2016. The country accounted for 3.03 per cent of enquiries, its highest share in two years.

Interest also increased in Croatia, which climbed the Top of the Props charts to become the seventh most popular country on TheMoveChannel.com. This is the country’s first time inside the Top 15 since October 2016.

Demand dipped for property in Spain, although the country held on to second place, behind returning number one destination the USA. US real estate accounted for 7.89 per cent of all enquiries, ahead of Spain’s 6.01 per cent. France and Italy also saw their share of enquiries decrease slightly, slipping to eighth and ninth place in the Top of the Props table respectively. Portugal held on to its fourth spot, with 3.96 per cent of enquiries.

The coveted third place was stolen by Indonesia, which accounted for 5.98 per cent of activity. Indonesian interest was driven primarily by a resort on Gili Air, as the development tapped into rising demand for real estate from international investors. The more traditional safe haven of Germany, meanwhile, maintained its position in 10th place.

“The USA and Spain have been battling to be top dog on TheMoveChannel.com for a long time,” commented TheMoveChannel.com Director Dan Johnson. “With prices climbing and sentiment in the USA’s economy staying positive, America remains an attractive market for international buyers. Spain’s appeal is still strong, although with the UK triggering Article 50 in March, British buyers may have postponed any enquiries last month to wait and see how negotiations with the EU begin. With the country making up the three most-searched locations on TheMoveChannel.com in Q1 2017, however, international interest from a diverse range of nationalities evidently remains high.

“Foreign demand for Cypriot real estate is showing signs of strengthening again in 2017. Interest climbed in the final months of 2016, possibly fuelled by buyers racing to beat the deadline for a Capital Gains Tax incentive at the end of the year. Interest softened at the start of 2017, but enquiries have grown once more in March, without the impetus of the tax deadline. With prices bottoming out and climbing across almost all regions, according to multiple indices, conditions in the island’s market are certainly improving, which is beginning to bring back investors. The island’s Golden Visa scheme is also helping to drive recovering demand, with buyers on TheMoveChannel.com particularly interested in citizenship investment opportunities.”

Click here to see the full top 40 property destinations for March 2017.

 

— ENDS –

Notes to Editors

About Lead Galaxy and TheMoveChannel.com

Founded in 1999, www.TheMoveChannel.com is the leading independent website for international property, with more than 1.4 million listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.

The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.

——————————-

Do you need comment or statistics for an international real estate article? Our experienced editorial team and management are happy to collate data, provide example properties, or offer insightful comment to support your publication.

Please contact Ivan Radford on ivan.radford@themovechannel.com or +44 (0)207 952 7221

——————————-

Sign up to our Daily International Property Newsletter:

– Daily updates on property market news headlines

– Quirky stories from around the world of property

– Hot properties being launched internationally

– Useful guides, surveys, research and trends

– Gossip, lists and other property chit chat

Sign up here: http://www.themovechannel.com/my/subscriptions/

——————————-

Feature property listings in your publication!

Our technical team has developed a great new solution for content publishers that allows the addition of high impact advertising units, which can be configured to show property listings, relevant to a type of property, country, region or a specific location.

There are 2 types of implementation:

  • Standard Ad Units: These show in 120,600, 160×600, 300×150, 300×250, 300×500, 300×750 and 728×90 formats, with a varying number of listings showing in each version.
  • Dynamic Portfolio: This is a completely configurable panel, where you can choose the number of columns and rows, plus the size of the listings and dedicate a section of a page, or even a whole page to a set of properties.

Please contact Ivan Radford on ivan.radford@themovechannel.com or +44 (0)207 952 7221

A tale of two central banks – what the latest interest rate decisions mean for investors

A tale of two central banks – what the latest interest rate decisions mean for investors

United Kingdom United States
  • Federal Reserve rate rise signals confidence in US economy
  • Bank of England continues to hold rates in anticipation of Brexit
  • Property, bonds and currency investments all impacted by latest decisions (easyMarkets)

It’s been decision time for two central banks this week. On Wednesday, the Federal Reserve decided to raise interest rates in the US to 1.00%, which didn’t surprise anyone as it was in line with expectations.  Stocks rose and the dollar slid as a result. Now, the Bank of England hasn’t surprised anyone either, by keeping interest rates in the UK at 0.25%.

“It was the best of times, it was the worst of times.’  The opening line from Charles Dickens’ classic ‘A tale of two cities’ has always been a favorite of mine. Over the last 48 hours, we haven’t seen either the best or worst but we’ve certainly seen interesting times as we have had two very different decisions from two different central banks.”

James Trescothick, Reputation and Education Manager, easyMarkets

But our main protagonists haven’t always announced decisions which met expectations, and those kinds of surprises tend have a big effect on markets.

Just a couple of years ago, there was talk of a race to see whether the UK or the US would raise interest rates first. However, rapid political and economic change meant that though the US economy has carried on its revival after the 2008 financial crisis, the UK economy has stumbled into uncertainty as a result of the Brexit vote.

Interest rate decisions affect different types of investments in different ways, so the team at forex and CFD broker easyMarkets has put together a quick guide on how each type of investment correlates to interest rate decisions.

 

The easyMarkets guide to investment and interest rates

The currency market

One of the strongest influences that drives the forex markets is interest rate decisions, for two main reasons. First, the higher the interest rate, the higher the rate of return on the investment. Higher interest rates can attract foreign investment, which then increases demand and causes the value of that country’s currency to rise.

Second, for day traders, higher interest rates are often seen as an indication of the perceived strength of a country’s economy. This can mean that the country’s currency can gain strength against another country’s currency, if that economy isn’t considered as strong or as stable, hence the potential to make gains in the change of currency movements.

The aforementioned is why, when a nation’s economy is under pressure, a government or central bank can choose to implement a loose monetary policy, by either increasing the supply of money or decreasing interest rates to encourage borrowing. This tends to make credit cheaper and in turn potentially create more spending and economic growth.

The opposite course of action – a tight monetary policy – sees the central bank constrict spending in an economy either because it views the economy to be growing too quickly, or to slow down inflation. Central banks do this by raising interest rates.

Day traders look for hints for when these two different policies may occur to help them speculate on when a currency may decrease or increase against another.

Bonds

There is an inverse relationship between bond prices and interest rates. Bond prices tend to fall when interest rates rise, and rise when interest rates fall.

The reason for this is simple. One way for corporations and governments to raise capital is by selling bonds. Higher interest rates make the cost of borrowing more expensive, which tends to lower the demand for lower-yield bonds. Hence their price tends to drop.

When interest rates fall, so does the cost of borrowing, which usually leads to more companies issuing new bonds for growth. This tends to increases demand for higher-yield bonds, which can then push bond prices to rise.

Property investment

Generally speaking, a raise in interest rates means borrowing becomes more expensive, while an interest rate cut means borrowing becomes cheaper. When it comes to property investors, a change in interest rates can change the value of monthly mortgage repayments.

Logically, when interest rates are low and borrowing is cheaper, property investors are incentivized to purchase new properties. When interest rates are high, they will be less likely purchase, as mortgage payments would be higher.

 

“Interest changes influence different markets in different ways. Indeed, markets can sometimes be affected by the mere speculation of interest rate decisions, before the actual decisions have been made. A good percentage of market movements throughout the year can thus be attributed to interest rates. Thus, regardless of your investment choices or style, interest rates should be of interest to you.”

James Trescothick, easyMarkets

For further details, visit www.easymarkets.com, email pr@easymarkets.com or call +44 203 1500 748.

Risk warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd-CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Markets Pty Ltd- AFS license No. 246566). Blue Capital Markets Limited

Top of the Props: Foreign buyers go back to Greece

Top of the Props: Foreign buyers go back to Greece

Greece Italy United States World
  • Greece now 4th most popular country
  • Interest in Greek property at six-month high
  • Italy climbs to third place and Spain holds on to second
  • Investors return to Canada after recent dip in popularity

Foreign property buyers are going back to Greece at the start of 2017, reveals TheMoveChannel.com’s Top of the Props index. The country was the fourth most popular country on the international property portal in January 2017, its first time in the Top 10 in six months.

Greece stormed the charts at the start of the new year, rising 18 places to overtake Portugal in the monthly report. Greek real estate received 2.1 per cent of all enquiries on the international portal during January. This is the country’s highest share of enquiries since August 2013, when it accounted for 3.26 per cent of all enquiries. Greece’s last time in the Top 10 was in July 2016, when it was ranked ninth, with 1.39 per cent of enquiries.

Italy also enjoyed rising overseas interest, climbing five places in the Top of the props chart to be the third most sought-after destination. Italian real estate accounted for 5.97 per cent of January’s enquiries, up from 1.59 per cent in December 2016 and its highest share since August 2012 (6.12 per cent).

Spain held on to second place, confirming the country’s continuing appeal to foreign investors. Portugal rose one place into fifth, increasing its share of enquiries from 1.92 per cent to 2.02 per cent. France slipped into ninth, but remained in the Top 10 for the 17th month in a row, just above Thailand and just below Germany.

After a dip in popularity, following the introduction of Vancouver’s foreign buyer tax last August, Canada saw investors return, with the country climbing into sixth place.

The USA remained the most popular destination on TheMoveChannel.com for the seventh consecutive month, accounting for one in every six enquiries (14.65 per cent).

“After a brief rekindling of interest last summer, the start of 2017 showed signs of overseas demand for Greek property flickering back to life,” comments TheMoveChannel.com Director Dan Johnson.

“Interest was not just contained to one area, but across several regions, with enquiries soaring for property in the North Aegean, Crete, the South Aegean and Attica.

“After a year of political uncertainty elsewhere, talk of national debt and a potential ‘Grexit’ is back in the headlines in 2017, but Greece’s lifestyle appeal has not gone away. In fact, it is more affordable than ever, after house prices have dropped for the last eight years in a row. In 2016, however, they fell 2.2 per cent, the smallest decrease recorded since 2009. With the rate of decline slowing, and owning a holiday home now an attractive alternative to renting, foreign interest in Greek real estate may be showing the first signs of a gradual rebound.”

“US property remains one of the most appealing in the world,” adds Mr. Johnson. “The country’s economy, regardless of its political situation, is stable, with the Federal Reserve still on course to raise interest rates again this year. The country’s economic conditions may be the opposite of Greece, but their popularity shares one key factor: the low price of Greek real estate maximises the potential yield available from rental income, while in the US, investors are racing to find the best possible returns, before property values climb too high.”

Click here to see the full top 40 property destinations for January 2017.

 

— ENDS –

Notes to Editors

About Lead Galaxy and TheMoveChannel.com

Founded in 1999, www.TheMoveChannel.com is the leading independent website for international property, with more than 1.4 million listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.

The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.

——————————-

Do you need comment or statistics for an international real estate article? Our experienced editorial team and management are happy to collate data, provide example properties, or offer insightful comment to support your publication.

Please contact Ivan Radford on ivan.radford@themovechannel.com or +44 (0)207 952 7221

——————————-

Sign up to our Daily International Property Newsletter:

– Daily updates on property market news headlines

– Quirky stories from around the world of property

– Hot properties being launched internationally

– Useful guides, surveys, research and trends

– Gossip, lists and other property chit chat

Sign up here: http://www.themovechannel.com/my/subscriptions

——————————-

Feature property listings in your publication!

Our technical team has developed a great new solution for content publishers that allows the addition of high impact advertising units, which can be configured to show property listings, relevant to a type of property, country, region or a specific location.

There are 2 types of implementation:

  • Standard Ad Units: These show in 120,600, 160×600, 300×150, 300×250, 300×500, 300×750 and 728×90 formats, with a varying number of listings showing in each version.
  • Dynamic Portfolio: This is a completely configurable panel, where you can choose the number of columns and rows, plus the size of the listings and dedicate a section of a page, or even a whole page to a set of properties.

Please contact Ivan Radford on ivan.radford@themovechannel.com or +44 (0)207 952 7221

Trumping the markets – what impact has the new US President had in his first month in office?

Trumping the markets – what impact has the new US President had in his first month in office?

United States
  • Gold trading at an impressive $1,235.60 OZ (easyMarkets)
  • SP500 trading at an all-time high
  • US Dollar Index performing strongly at 101.63

It may hard to believe, but the drama and turmoil circling 1600 Pennsylvania Avenue have not been around forever – Donald Trump has only officially been installed in the White House as 45th President of the United States for one month!

 

“The past month has been a carnival, with a parade of Trump’s statements and decisions, from the immigration ban to his latest talk of a fictional terrorist incident in Sweden. It wouldn’t be too shocking if the next big headline was ‘Trump has appointed a horse to a major role in his cabinet,’ after some of the announcements over the last month.”

James Trescothick, Reputation and Education Manager at forex and CFD broker easyMarkets

 

So, what impact has all of this had on the markets?

Following Trump’s surprise election win in November, the US dollar (USD) and the markets soared. The SP500 reportedly had the strongest run from a president’s first-term win since John F Kennedy. But now that Trump is actually sitting in the Oval Office, how has the market been reacting?

US dollar

Looking at the US Dollar Index (USDX), we may get a better idea of how the USD has fared. The US Dollar Index measures the value of the USD against a basket of six other major currencies (EUR, JPY, GBP, CAD, SEK, CHF). The index moves higher when the USD gains strength against these other currencies, and vice versa.

The USDX closed at around 100.55 on 20 January 2017, when Trump was sworn in. Since that date it has dropped to 99.20, before rebounding to around 101.75. At the time of writing, it is trading around 101.63.

Was it the Trump effect?

He would most certainly love to say he is the reason behind the strength of the currency, but the fact is that on the same day, a bout of positive US economic data was released. Also on that day, Federal Reserve Chair Janet Yellen testified on monetary policy and raised expectations for an interest-rate hike in March, which may have had a positive effect on the USD.

Gold

Any trader worth their weight in gold would tell you that the yellow metal is a safe haven and a hedge against inflation. A safe haven is an asset which investors flock to for safety when there is uncertainty in the markets. Trump’s win in November pushed gold prices higher before collapsing to around $1,123.36 OZ. Since the beginning of the year, however, it has managed to bounce back and is currently trading at around $1,235.60 OZ.

Was it the Trump effect?

 

“It is a consensus of opinion that political risk, which has risen considerably since Trump’s election, has made gold shine to many investors, and talk of uncertainty is keeping the yellow metal in demand. Some could argue that this is simply a repeat of 2016, when gold also started on a bull run, however it seems more likely that Trump has played a role in this one.”

James Trescothick, Reputation and Education Manager, easyMarkets

The stock market

The stock market, unlike gold, tends to rise when there is risk appetite and opportunism. Since the November election results, the stock market has seen gains, and the momentum has continued, with the SP500 trading at an all-time high.

Was it the Trump effect?

Well, Wall Street has actually referred to these recent highs as “the Trump rally,” which started in November. You may also credit a healthy labour market and expectations of an upcoming rate hike in the US for this move. However, it does seem that the market is also pricing in that Trump will push through corporate tax reforms and cut regulations, which in turn will boost US business.

He may or may not go through with the reforms. Nevertheless, it’s safe to say he has played a role in market movements over the past 30 days, and wherever you stand on the new POTUS, these past 31 days have not been without their fair share of action!

For further details, visit www.easymarkets.com, email pr@easymarkets.com or call +44 203 1500 748.

 

Risk Warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose. Please refer to our full risk disclaimer. Easy Forex Trading Ltd (CySEC – License Number 079/07).

The political wildcard: What is Trump’s US presidential nomination doing to financial markets?

The political wildcard: What is Trump’s US presidential nomination doing to financial markets?

United States
  • Donald Trump highlights benefits of weaker dollar
  • Wall Street in the process of recording 4th consecutive quarter of earnings decline
  • S&P 500 Index has averaged 9.7% CAGR under Democrats and 6.7% under Republicans
  • easyMarkets warns against Trump’s ‘wildcard factor’ on financial markets

Stocks, currencies and bonds are all sensitive to political change and a US presidential election is always a period of uncertainty for the markets. So how are the various markets likely to be impacted by the run up to the 2016 US presidential election, which takes place on 8 November?

Nikolas Xenofontos, Director of Risk Management at leading online trading services provider easyMarkets, believes that the wildcard factor of Donald Trump in this year’s election could have a big impact on the US economy. He explains,

“The rise of an anti-establishment candidate like Donald Trump speaks volumes about the desire for change in the US. Party-line politics have been left behind, with Trump standing out as a self-financed candidate who isn’t beholden to any special interest groups and doesn’t plan on following the usual script that most successful candidates use to reach the White House. This independence is both refreshing and worrying when it comes to the financial markets, as there are a lot of unknown factors at play, which could serve to make investors nervous over the coming months.”

Donald Trump’s musings on economic change and policy, should he become president, have already caused a stir. He has floated the idea of replacing Janet Yellen as Chair of the Federal Reserve and has highlighted the benefits of a weak dollar, commenting,

“While there are certain benefits, it sounds better to have a strong dollar than it actuality it is.”

Currency intervention is a risky business. A weaker dollar could benefit US multinationals, which have been struggling of late in the face of the greenback’s strength: Wall Street is in the process of recording its fourth consecutive quarter of earnings decline, in the face of weak international demand. However, currency intervention could easily prompt countries with a history of intervention, such as Japan, China and South Korea, to introduce additional measures to make their currencies more competitive.

In true establishment fashion, Mrs. Clinton has refused to make explicit comments on how to handle currency devaluation.

The US’s international trading position could also be under threat from Donald Trump’s approach to trade deals. His hardball approach includes large tariffs on imports, which could lead to both rising prices for consumers and tariff retaliation from other countries, making US exports less attractive. Trump’s planned major overhaul of US-China trade relations is also likely to cause a shift in the status quo. He has commented that he is not, “too afraid to protect and advance American interests and to challenge China to live up to its obligations.” However, the businessman has also promised to “win more” deals and successful negotiations certainly have the potential to strengthen the US’s trade position.

The uncertainty created by an upcoming election often weighs most heavily on stocks. Uncertainty is the bane of the financial markets, and investors react in unpredictable ways when they’re worried about the future. Investors are already wary of healthcare stocks, which Donald Trump’s repeatedly mentioned repeal of the Affordable Care Act could throw into a tailspin.

Hilary Clinton, as the establishment candidate, certainly has the backing of Wall Street, which has provided her with huge donations in support of her candidacy. She has said nothing that would be considered risky to the stock market and the support of Wall Street indicates a strong preference from financiers for the status quo, rather than the unknown.

However, it’s also a possibility that the huge corporate tax cuts proposed by Donald Trump could bolster US companies’ profitability and thus support stocks. John Stoltzfus of Oppenheimer comments,

“Markets always worry when uncertainty is a factor, and it is unclear which policies Trump would execute if elected. However, I’d expect him to enact policies that reflect his ability to successfully negotiate with people. He relies on good relationships with politicians and Wall Street, and I don’t expect that to change.”

Trump’s aggressive tax cuts could actually lead to massive growth in US GDP, with higher wages and more plentiful jobs. On the flip side, the tax cuts could reduce federal revenues by more than $10 trillion, leading to a massive deficit that could result in creditors demanding higher interest rates on US bonds. A promised overhaul of the tax code, including a one-time repatriation of corporate profits held overseas at a much lower tax rate could be extremely beneficial. The last such repatriation amnesty, in 2005, saw the dollar rise by 5%.

While it’s impossible to see the future, history has shown that US stocks perform better under Democratic administrations. The S&P 500 Index has averaged a compound annual growth rate (CAGR) of 9.7% under Democratic regimes versus 6.7% under Republican ones, according to S&P Global Market Intelligence figures. easyMarkets’ Nikolas Xenofontos adds,

“Analysis has also shown that the third year of a president’s office normally yields the highest average return. That means that those looking to the future can expect a strong US economy in 2018 and 2019, if historical patterns are borne out, regardless of who is elected this November. Having said which, the wildcard factor of Donald Trump really is something to watch – his success so far is shifting the fundamentals of US politics and nothing is certain as this election progresses!”

For further details visit www.easymarkets.com, email pr@easymarkets.com or call +44 203 1500 748.

Risk warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd- CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Markets Pty Ltd -AFS license No. 246566).

London versus the world! What can you get abroad for the price of an average property in the capital?

London versus the world! What can you get abroad for the price of an average property in the capital?

Portugal Spain United States , , ,
  • Average London house price is £514,097 (Gov.uk)
  • This is enough for 3 detached villas with pools in Spain, with €80k change (Kyero.com)
  • Or 2 5-bedroom resort homes with pools in Florida (Ideal Homes International)
  • Cliff-top townhouses with infinity pool in Mallorca also an option (Taylor Wimpey España)

According to the UK government’s December 2015 House Price Index, the average property in London now costs £514,097. Based on a quick Rightmove search, £514,097 is enough to purchase a new build one bedroom flat in Newham, a two bedroom flat in a converted house in Acton or a four bedroom mid-terrace house in Tottenham in need of some serious modernisation.

But what could you get for the same money overseas? £514,097 is worth just over €656,151, or USD $743,053, at today’s exchange rate, which opens up a wealth of property options to those looking to buy on the continent or even further afield.

Chris White, Founding Director of Ideal Homes International, explains,

“There are some fantastic bargains to be had when it comes to overseas property at the moment. Portugal and Spain are offering incredible value for money and are just a short hop on a plane from the UK, making them ideal locations for second homes or investment properties that you want to keep a close eye on. For fans of the US, Florida is also offering some serious bargains and is a perennially popular destination thanks to its winning combination of sun, sea and theme parks.”

In Portugal, €650,000 is enough for a four/five bedroom villa in the hills at Soalheira, 10 minutes from the beaches and golf courses of Vilamoura and just two minutes from the town of Loulé. The villa comes complete with swimming pool, Jacuzzi, sauna, pergola sunbathing area, pool house and gardener’s bathroom, two double garages, ocean views, grill house with sink, fridge and BBQ, cinema room, wood burning fire and under-floor heating in the two bathrooms. A far cry from a run-down terraced house in Tottenham!

For beach bunnies, the Spanish island of Mallorca is the ideal location. There, €625,000 will buy a premium frontline townhouse with incredible sea views, close to the golf courses and marina of Porto Cristo. There are just seven spacious three bedroom townhouses on the Cala Magrana Mar development, from leading Spanish homebuilder Taylor Wimpey España, which also benefits from a communal infinity pool and sunbathing area, designer fixtures and fittings and the latest security features.

Another option for those with €650,000 to spend is to invest in more than one property, which is easily achievable for this budget in both Portugal and Spain. Martin Dell, Director of Spanish property portal Kyero.com, comments,

“It’s staggering what you can get in Spain for the price of an average London property. Those looking for rental investments can pick up a whole string of properties in idyllic coastal locations for that kind of money.”

In the pretty seaside town of Javea, for example, detached villas with pools can be bought off plan for £189,800, with scope for the buyer to personalise the layout, with the build completed within 5-7 months. Instead of a one bedroom flat in E16, a buyer could pick up three of these villas and still have €80,000 left in his pocket.

Over in America, a buyer can easily pick up two five bedroom villas with pools in the hugely popular Kissimmee area of Florida for $743,053, the equivalent price of the average London home. Resort homes with screened in pool and spas in gated communities just a few miles from Walt Disney World are available for between $350,000 and $450,000. Certainly food for thought for all those thinking about buying a home in London at the moment!

For more information please contact:

Ideal Homes: 0800 133 7644, +351 289 513 434, www.idealhomesinternational.co.uk or www.idealhomesportugal.com

Taylor Wimpey España: +44 08000 121 020 or www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Kyero.com: www.kyero.com

16 top tips on buying a home overseas in 2016

16 top tips on buying a home overseas in 2016

Portugal Spain United States
  • Fall for an area, not an individual home
  • Know what you want BEFORE you visit
  • Think about what you will want in the future, as well as what you want now

The arrival of New Year provides a chance to take stock, make plans and look to the future with a positive frame of mind. For many, this will include the excitement of finally planning to buy their dream home overseas, providing the perfect antidote to the months of grey, chilly weather on offer in the UK.

Whether it’s a detached villa with pool on Disney’s doorstep in Florida, a stylish apartment close to the beach in Spain or a perfectly located country retreat in Portugal, the overseas property market is awash with great value properties for those who know where to look.

Chris White, Founding Director of Ideal Homes International, comments,

“We’re predicting great things for the overseas property market in 2016, with Spain and Portugal, the US and Cyprus all appealing in unique ways to buyers from the UK. We would always advise buyers to be cautious though, particularly if they haven’t bought overseas before – it’s really important to do your homework and buy through a trusted and reputable company.”

In that vein, Chris and his team have put together their 16 top tips on buying a home overseas in 2016, to help buyers turn their dreams into reality.

The Ideal Homes International 16 top tips on buying a home overseas in 2016

  1. Investigate on the internet – research potential areas thoroughly, rather than individual properties. Find out about local amenities, from beaches to restaurants, based on your priorities. Think about how those priorities may change in the future as well – a holiday home bought this year could serve as a retirement pad later on, so what facilities would you want on hand then? Don’t fall in love with a particular property until you know the location is right for you!
  2. Use an agent with form – opt for an organisation with a good track record. Make sure they have been in business for some time and have a long list of satisfied customers happy to speak about their experiences.
  3. Budget carefully – buying overseas isn’t just about the property price. Be aware of the buying costs like fees and local taxes. These can vary hugely from country to country, so do your research and budget accordingly.
  4. Plan a trip – once you’ve identified the places you like on the internet, hop on a plane and check them out for yourself. You will quickly be able to get a feel for whether or not a place is right for you and a few hundred pounds invested at this stage can serve extremely well when it comes to finding the perfect location for your new home overseas.
  5. Know what you want BEFORE you visit – think about how many bedrooms you need, whether proximity to the beach or a local golf course is important to you, whether you simply must have your own pool and whether the local supermarket can be reached on foot or by car. Whatever your preferences, have them firmly fixed in mind before you visit – and be sure that your agent understands them too. This will ensure that he/she is able to show you properties that perfectly suit your requirements and avoid wasting time spent touring unsuitable homes.
  6. Think about the journey – work out the journey from your current home to the area in which you plan to purchase. What are the flight times and costs like? Is there just one airline that flies into the local airport or several? Can you hire a car easily upon arrival if you need to? These factors will impact on how relaxed you are by the time you arrive at your overseas property each and every time you visit, so think the journey through in detail.
  7. Find a reputable lawyer – this is one of the most important elements of buying a second home overseas. A good agent should be able to recommend a reputable lawyer, or you can do your own research on the internet and by speaking to others who have bought property in the area. Chat on the phone with the lawyer and meet him or her when you visit – test their knowledge and be sure to choose someone you are comfortable with.
  8. Think about money matters – once you’ve bought your property, you will need to get money out to that country regularly in order to pay bills, take care of maintenance issues and so forth. Look at what you need to do to set up a local bank account and plan to do this as early as possible in the process. Bear in mind that many overseas banks also have a branch in London where you can take care of some of the initial paperwork should you need to do so.
  9. Remember the insurance – before you commit to purchasing a property, check that it is insurable and at a reasonable rate. If the area that you like the look of is prone to flooding or sink holes then it might be time to look elsewhere.
  10. Ask about hidden requirements – speak to your agent and conduct your own research online to ensure that you know everything you need to. In Portugal, for example, you need a fiscal number in order to purchase a property. You can get one quickly and easily from the local Finanças department for a small fee – or you can appoint a lawyer to take care of this on your behalf.
  11. Consider other significant expenses – what other expenses might your property purchase give rise to? One of the most commonly overlooked items is the need for a car, so think about whether you can access your new home on public transport, whether you will pay for a hire car each time or whether you would prefer to purchase a car of your own overseas.
  12. Is the property just for you? – if you plan to rent your property out as well as using it yourself then be sure that it appeals to a wide range of holidaymakers. Neutral décor and access to a pool can make a big difference to the number of people choosing your holiday home over another one.
  13. Speak to the experts – join some online forums and Facebook groups and chat to those who have already purchased in the area you like. Even better, find people who have moved fulltime and benefit from their experiences of local life.
  14. Know the market – understand price trends in the country and region you like in order to know whether or not your expectations are realistic based on your budget. Knowledge of local prices will also help you to gauge whether you are paying over the odds or picking up a real bargain.
  15. Think about maintenance – unless you are planning a permanent move, you will need to consider how best to maintain your property from afar. An isolated villa might be your dream holiday home, but an apartment on a managed condominium might present far fewer headaches in terms of regular maintenance, particularly if you plan to rent it out as well as use it yourself.
  16. Use an agent who does it all – find an agent you trust and who can offer you the whole package. They will be able to support you with every step of the process, from finding a reputable lawyer to arranging an inspection trip. This can often be by far the quickest and cheapest approach – and also the least hassle!

For further details call Ideal Homes International on 0800 133 7644 or +351 289 513 434, email info@idealhomesinternational.co.uk or visit www.idealhomesinternational.co.uk.

10 years on, the overseas property market resets itself

10 years on, the overseas property market resets itself

Cyprus Portugal Spain United States World ,
  • Portuguese property prices due to rise 5% p.a. for next 5 years (RICS/Ci)
  • Florida property values up 8.2% over past year (Zillow)
  • Portugal, Spain and Florida are hot picks for 2016 (Ideal Homes International)

Over the past decade, the landscape of the overseas property market has changed vastly. Property entrepreneur and Founding Director of Ideal Homes Portugal and Ideal Homes International Chris White has been selling property through the good times and the bad. After a turbulent 10 years, he believes the overseas property market has finally reset itself – and that now is the time to look to the future.

In Portugal, where Chris White is based, the market crashed spectacularly following the events of 2006/07, along with residential real estate markets around the world. Lesser estate agents would have crumbled (many did) but Ideal Homes Portugal stuck with the market through the hard times and came out the other side even stronger. Today, the flourishing agency employs 35 staff, selling properties across the Algarve as well as in the capital Lisbon.

Chris comments,

“There were some tough years in the middle of the past decade, but it’s wonderful to see the Portuguese property market back on an even keel again now. Prices look set to rise at a comfortable rate over the next few years. I’d say capital growth of 3-5% per year should be achievable for those who invest in the market during 2016.”

Data from the RICS/Ci Portuguese Housing Market Survey concurs. The August 2015 report suggested that prices would increase by roughly 5% per annum over the next five years. At present, a lovely two bedroom townhouse with private pool in Quinta do Lago can be picked up for €375,000.

Spain, as well as Portugal, has seen its property market reset itself over the past decade, although prices in Spain have been slower to recover. For buyers in 2016, this presents an excellent opportunity, according to Ideal Homes International’s Chris,

“Prices are rising in Spain, but many areas are still priced below their peak. There aren’t as many opportunities there as there were a year or two ago, but Spain is certainly still a good bet if you’re looking for a real estate market that has the potential to keep expanding over the next few years. The Costa Blanca would be my particular tip for those looking for a second home in the sun that can double as a savvy investment.”

At Orihuela, two bedroom/two bathroom off plan apartments are available from €129,900. Due for completion in December 2016, the apartments will each feature two large terraces, as well as community gardens, sea views and two large swimming pools (one heated).

Florida is another area that’s now back in the game, according to Ideal Homes International. A modern, four bedroom townhouse in Kissimmee, ideally located for access to Walt Disney World, costs just $285,000 (€252,000). Part of an exclusive gated community, the home includes a private pool area, screened in patio and comes fully furnished.

Prices in Florida have risen by 8.2% over the past year, according to Zillow, while data from the National Association of Realtors in June 2015 showed the US market passing its 2006 peak to reach record highs.

Back in Europe, the other country that Chris White of Ideal Homes International has flagged up for attention is Cyprus. Chris comments,

“Cyprus is an interesting prospect as a place to buy a holiday home in 2016. The market there has been incredibly quiet there this year and we don’t expect huge increases in prices over the next 12-24 months. However, what Cyprus does have to offer is fantastic value for money. If you’re looking for somewhere with great weather where your money can go a lot further, then Aphrodite’s isle is an excellent choice.”

As an example, a two bedroom villa in Konia, on a small complex of just six homes with a shared pool, can be picked up for €149,000.

For further details call Ideal Homes Portugal on 0800 133 7644 or +351 289 513 434, email enquiries@idealhomesportugal.com or visit www.idealhomesportugal.com.

Charlotte emerges as 2016 property hotspot

Charlotte emerges as 2016 property hotspot

United States
  • Charlotte ranked 3rd out of all US cities (PWC)
  • City is one of ‘best places for business and careers’ (Forbes)
  • Charlotte flagged as top 2016 property investment hotspot (Property Frontiers)

Charlotte, North Carolina, has emerged as one of the key property hotspots in the US for 2016. The thriving metropolis has been ranked third out of the nation’s cities in PWC’s Emerging Trends in Real Estate United States and Canada 2016.

Known as the Queen City, having been named for Charlotte of Mecklenburg-Strelitz, who became Britain’s queen consort the year before the city was founded, Charlotte is the second largest city in the south-eastern US and the second largest banking centre in the country. Bank of America has its headquarters there, while Wells Fargo uses the city as the base for its east coast operations.

With a healthy mix of service sector companies, industry and technology, Charlotte has a strong economic base as well as a thriving sports and social scene. The city has been on the rise for some time. From 2000-2008 it was ranked the 60th fastest growing city in the US. Last year, it had shot far enough up the ranking to take the number three spot, according to Census data. In 2013, the city received a further boost, with Forbes listing it as one of the Best Places for Business and Careers.

Now, the PWC Emerging Trends in Real Estate 2016 report has once more shone the spotlight on Charlotte’s potential, highlighting it as one of the country’s most dynamic real estate hotspots. Ray Withers, CEO of specialist property investment company Property Frontiers, comments,

“We’ve been involved in Charlotte’s property market for some time, as demand for good quality rental accommodation is high both within the city and the surrounding area. Investors from around the world are keen to pick up buy-to-let property in the US right now and Charlotte is one of the key urban areas offering the perfect combination of good value purchase prices and healthy demand from tenants.”

Property Frontiers is already offering investors the opportunity to purchase buy-to-let apartments at Chandler Oaks, just over an hour from Charlotte in the South Carolina city of Gaffney. The fully tenanted homes are priced from $48,671 for a one bedroom apartment. More than 70% of the properties have already been snapped up by investors keen to benefit from the liquidity of the US residential market.

With investor demand so strong for property in the area – and likely to become even more so in light of the PWC report – Property Frontiers has sourced a further development, within the Charlotte Metropolitan Area itself. CEO Ray Withers confirms,

“We are very shortly due to launch a fabulous opportunity at Circle Oaks Village, just 20 minutes from Charlotte, allowing investors to tap into the city’s real estate market and to be part of the future of one of the most active and exciting locations in the US. Property Frontiers has been planning the launch of this development for some time and it’s excellent that the just-published PWC report has confirmed that once more we are at the forefront of where investors want to be when it comes to global buy-to-let property markets.”

Circle Oaks Village is a collection of refurbished and fully tenanted apartments within easy reach of local business districts, schools and recreational facilities. The one, two and three bedroom apartments are spread across 29 buildings, on 13 acres of land. Investment is from just $77,727, with a management company contribution of 40% paid on closing, giving the management company the right to lease the property for the next five years. This means an investment price from only $46,636, with minimum guaranteed returns of up to 18.08% NET on capital invested for the first five years.

For further details, visit www.propertyfrontiers.com or call the team on +44 1865 202 700.