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The highest area for foreclosures in Florida is Lee County, which contains Fort Myers, new figures have revealed.RealtyTrac's data for repossessions across the US show that in the state of Florida Lee County was the worst hit area, suffering 6,454 cases - the equivalent of one in 55 homes.This contrasts with areas like the neighbouring [...]
The European Central Bank (ECB) has cut its main interest rate from 2.5 per cent to two per cent, the fourth time since September that it has been reduced.ECB president Jean-Claude Trichet said the level had been trimmed in response to a situation of falling inflation and recession in the eurozone.He added that the body [...]
The Costa del Sol property market is offering a large number of cut-price deals at present, real estate firm Spanish Hot Properties has stated.Explaining that Spanish banks are increasingly resorting to repossession, marketing and operations manager for the firm Susana Suspenda remarked: "People who are in financial difficulties are having to decide whether to take [...]
Florida was the state with second highest rate of foreclosures last year according to new figures, something that may interest investors in the Florida property market.Data from foreclosure dealers RealtyTrac in its end of 2008 report showed that overall, the number of foreclosures across the US was up 81 per cent on 2007, with 1.84 [...]
Foreign real estate experts have named California property as one of the most attractive investments in the US.Los Angeles and San Francisco were ranked among the top five US cities in which to purchase real estate in a new poll from the Association of Foreign Investors in Real Estate.Washington DC, Houston and New York were [...]
New York property is one of the most popular acquisitions by foreign investors, it has been revealed.The latest survey from the Association of Foreign Investors in Real Estate (Afire) has shown that New York property ranked third out of the top five global cities to invest in real estate.Washington and London also featured as attractive [...]
Alternative holiday destinations may be considered by Britons this year due to the weakening pound against the euro and the dollar, it has been suggested.Overseas property in the Seychelles, Brazil, Iceland, Australia, Poland, New Zealand, Norway and Sweden may benefit from increased tourism as the pound has risen against the currency of these countries, according [...]
Those buying Italy property can enjoy many things about the country - such as the different culture, food and wine - but some familiar forms of entertainment are also to hand.Rugby fans who buy in or near Rome can also enjoy watching the Six Nations as the Azzuri take on the major powers of the [...]
Overseas property investors may be boosted by news that over 4.79 million Britons intend to spend a month or more overseas this year.A study by Sainsbury's Bank has found that the main reasons for this planned exodus include visiting family and friends (cited by 38 per cent) and escaping the British weather (30 per cent).Investors [...]
Those thinking of buying Costa Blanca property may be encouraged by a suggestion that an investment in Spain is still a good idea. Discussing recent figures from the Spanish Property Owners Guild (Spog) revealing a 16 per cent fall in prices last year and predicting more to come, Liam Bailey of Property Abroad said it [...]