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5 Ways to Protect yourself in Overseas Property Print E-mail
 

Hello
Welcome to the June edition of Property Venture's monthly e-newsletter, providing you with newsworthy stories from the places we help people buy in.

If you think someone else could get something out of this newsletter, please forward it on.

To subscribe please click here. For previous copies of our newsletter with tips and offers click here

Introduction 

Asilah-Morocco, DoorThis month there has been much news from around the globe about mini property recoveries, strengthening of the pound against the Euro (and other currencies like the Polish Zloty and Moroccan Dirham), as well as ongoing news stories in up coming hotspots like Cyprus. So this month we feature some of those noteworthy stories and will return to Morocco next month.

2nd part of my travel diary coming soon, taking me from the Mediterranean coast at Saidia, through to Tangier, which was to act as a base to see Alcudia Smir and the Atlantic coast. For Part 1 Read more.....

Highlights
5 ways to Protect yourself?
We’ve all heard uncomfortable stories about overseas property purchases that went wrong.  But it’s really only a very small number of cases which hit the headlines. How can you make sure you avoid any undesirable scenarios?
Read more

Holiday Let Tax
Holiday lets don't necessarily give as good a return as conventional, long term buy-to-lets, but they do enable some people to get the best of both worlds: a holiday home and a decent income. Tax treatment rules are changing for 2010-2011 so act now. Read more

Cyprus Bank reduces rates
There has been some excitement about the Bank of Cyprus' decision to cut its base mortgage rate by 1% in early June, bringing it down to 4.25%, which will come as a relief for some. However, the "some" who will benefit are those who took out a mortgage prior to 1.1.2008 and new mortgages taken out by permanent residents borrowing up to €200,000 on 1st homes. So on the whole not many overseas property buyers may benefit.

Orams case-implications for Northern Cyprus
The European Court of Justice (ECJ) ruled on 27th April 2009 in favour of a Greek Cypriot - Meletis Apostolides, that he still has the right to his land in Northern Cyprus, even though a British couple, the Orams, had bought a house built on it, near Girne. Whilst Northern Cyprus (KKTC) is only recognised by Turkey and is not a member of the EU, this sets a dangerous precedent. More about Republic of Cyprus,
Read more

Featured property

Cyprus (South) - Larnaca
Showflat Oriklini-lounge-diner
A
partments located on the outskirts of the picturesque village of Oroklini or Voroklini as the locals refer to it, in cosmopolitan Larnaca.  Twenty apartments of 1 to 3 bedrooms, set in lush parkland gardens with a communal pool. Close to amenities and beach. Immediate availability.

Prices from £69,237. Read more 


Special Offers
Common-sense hand-holding

From time to time we produce a Common-Sense Guide. We have the latest version “An Introduction to Overseas Property Investment” available for free. To download it, click here

Your opinion counts
We welcome your thoughts on items that should be included in the newsletter or things that you might like to hear about in a teleseminar. If you have any suggestions to make then please e-mail This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , we like to receive your feedback.

Property Venture® helps people buy property abroad in a common-sense way, in countries like: Poland, Spain, Bulgaria, Cyprus, Montenegro & Morocco.

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Warm Regards

 

Louise Reynolds
Director

 

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Disclaimer
Property values can fall as well as rise. This document is for information purposes only and was deemed relevant at time of sending. There is no guarantee as to the accuracy of, or omission from, the information presented. Intending purchasers must satisfy themselves by inspection or otherwise, as to the accuracy of information given and not rely on it as statement of fact, nor interpret it to be a commitment on the part of Property Venture®, or Business Venture Ltd. Finally, although subject to our own anti virus checking, prior to sending, the recipient should check this email and any attachments for the presence of viruses. Property Venture® & Business Venture Ltd accept no liability for damage caused by any virus transmitted by this email.

 


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