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Those looking to buy a second home with strong rental potential are being urged to consider cities overseas, which can provide year-round financial yields.
British owners of overseas property have one last chance to claim their holiday home tax relief. Writing in This French Life, property lawyer Guillaume Barlet reminds owners who rent out their holiday homes that they can still offset losses against the property under current tax rules.
The president of France’s property developers federation (Fédération des promoteurs immobiliers) has just announced that new development property sales for the first quarter of 2011 are down 24 per cent on the same quarter in 2010.
European real estate transaction volumes could rise as much as 30 percent to around 90 billion euros ($124 billion) this year as credit markets thaw and prices stabilise, according to a report by broker Jones Lang LaSalle.
With France unequivocally topping the charts in a recent survey of the top 10 winter ski resort destinations by budget airline easyJet, it seems that the British love affair with the French Alps remains as strong as ever.
According to an annual survey of more than 600 industry experts, Munich and Hamburg topped European property performance overall last year, a high point in a market that is beginning a slow but steady road to recovery.
Sellers in the South of France are waiting for better weather before putting holiday homes on the market, it has been claimed.
There has never been a better time to snap up a historic French property, one expert has claimed
Relocating to another country is a tricky business at the best of times but uprooting your entire family and dragging them across the pond could be a recipe for chaos in even the most organised family.
British property investors have been warned to tread carefully after a decision to crack down on the French holiday lettings market.
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