Letting Agents Clapham | British Expats Struggle To Sell Homes In The Sun
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Letting Agents Clapham | British Expats Struggle To Sell Homes In The Sun With our guaranteed rent scheme our landlords benefit from a free property management service, where we vet all tenants and conduct regular free inspections. The global economic downturn is hitting Brits trying to property abroad really hard – with around one in 10 owners looking to sell. And, despite a strong pound making properties about 5% cheaper in the eurozone than last year, around 33% of properties being sold by Brits have been up for sale for over a year. Letting Agents Clapham Astonishingly, around 8% of Brits trying to sell-up have had their properties up for sale for more than two years. Unfortunately, the decline in the property market has seen prices fall for around three-quarters of Brits trying to sell their property. These are among the findings from a new ‘Property Hotspot’ report from currency specialists HiFX. Prices collapse Their report highlights that it’s no longer a case of ‘sun, sea and sangria’ for those who bought in Spain. Almost half of Brits who have a property in Spain are looking to offload and move back to the UK. They have faced a deepening recession, coupled with a collapse in property prices in recent years – especially in new builds. A spokesman for the firm said: “After the Spanish house market collapsed in 2008, owners have seen prices drop by around a third. “This has devalued second homes and it’s no surprise to learn that property owners want to sell because the outlook remains poor with high levels of joblessness and sluggish growth predicted.” Letting Agents Clapham He added: “Unfortunately, demand for property in the eurozone is weak with consumer and investor confidence having been knocked by the struggling economy.” As the recession continues, it is taking its toll on fed-up Brits who are facing increased mortgage costs, property tax hikes and fears over what may happen in the eurozone. Letting Agents Clapham Property glut HiFX says 9% of second homeowners want to sell-up and bring their assets back to the UK. It’s not just in Spain where homeowners are becoming increasingly desperate to sell – those in France are also keen to move back to the UK. Around 26% want to move and though France remains as the UK’s number property hotspot, the recent tax increases has cost second homeowners dearly. The French government has recently increased capital gains tax from 19% to 34% and taxes on rental profits have increased from 20% to 35.5%. For Brits across the Eurozone wanting to sell there is a glut of properties and many say they cannot afford for the euro to lose much more in value with 19% saying they can’t sell up because they can’t get the price needed to cover the original purchase price. View the original article here Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rental today on 020 8694 8098 to find out more.
http://bit.ly/S3a4rv
Letting Agents Clapham | British Expats Struggle To Sell Homes In The Sun With our guaranteed rent scheme our landlords benefit from a free property management service, where we vet all tenants and conduct regular free inspections. The global economic downturn is hitting Brits trying to property abroad really hard – with around one in 10 owners looking to sell. And, despite a strong pound making properties about 5% cheaper in the eurozone than last year, around 33% of properties being sold by Brits have been up for sale for over a year. Letting Agents Clapham Astonishingly, around 8% of Brits trying to sell-up have had their properties up for sale for more than two years. Unfortunately, the decline in the property market has seen prices fall for around three-quarters of Brits trying to sell their property. These are among the findings from a new ‘Property Hotspot’ report from currency specialists HiFX. Prices collapse Their report highlights that it’s no longer a case of ‘sun, sea and sangria’ for those who bought in Spain. Almost half of Brits who have a property in Spain are looking to offload and move back to the UK. They have faced a deepening recession, coupled with a collapse in property prices in recent years – especially in new builds. A spokesman for the firm said: “After the Spanish house market collapsed in 2008, owners have seen prices drop by around a third. “This has devalued second homes and it’s no surprise to learn that property owners want to sell because the outlook remains poor with high levels of joblessness and sluggish growth predicted.” Letting Agents Clapham He added: “Unfortunately, demand for property in the eurozone is weak with consumer and investor confidence having been knocked by the struggling economy.” As the recession continues, it is taking its toll on fed-up Brits who are facing increased mortgage costs, property tax hikes and fears over what may happen in the eurozone. Letting Agents Clapham Property glut HiFX says 9% of second homeowners want to sell-up and bring their assets back to the UK. It’s not just in Spain where homeowners are becoming increasingly desperate to sell – those in France are also keen to move back to the UK. Around 26% want to move and though France remains as the UK’s number property hotspot, the recent tax increases has cost second homeowners dearly. The French government has recently increased capital gains tax from 19% to 34% and taxes on rental profits have increased from 20% to 35.5%. For Brits across the Eurozone wanting to sell there is a glut of properties and many say they cannot afford for the euro to lose much more in value with 19% saying they can’t sell up because they can’t get the price needed to cover the original purchase price. View the original article here Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rental today on 020 8694 8098 to find out more.
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