Time to Invest In the US
International Investment News – Sold out Magazine, March 2008 The Euro reached record exchange rate levels this week, rising as high as 1.5144 EUR against the US dollar: good news for buy-to-let investors seeking more affordable property in the USA with which to tap into a growing demand from many US citizens unable to enter the property ladder. The country is also witnessing a colossal increase in European tourists lured to the USA by the attractive exchange rate. Tighter credit conditions and negative equity are forcing many US citizens out of the ...
Gross Lending Declines In February
Financial News - Sold Out Magazine March 2008 Gross lending declined to an estimated £24 billion in February, down 7% from £25.9 billion in January and 6% from £25.6 billion February 2007, according to the Council of Mortgage Lenders. The Bank of England approvals data for January showed subdued levels of house purchase activity and a sharp rise in remortgage approvals, which is likely to be supporting current lending volumes. CML director general Michael Coogan said: We have entered a substantially slower phase in the housing market and there will be ongoing problems in ...
UK investor enters East Africa market
The East African property market has once again attracted the interest of an international real estate company, barely a year after Rutley Capital Partners of UK launched a Sh13 billion East Africa property fund. Another UK based real estate company, Integrated Property Investments Ltd, is flexing in preparation for entry into the market this year. The firm is seeking a dual listing in the Nairobi and Dar es Salaam stock exchanges. Managing Director, Mr Suleiman Dualeh told Real Estate that East Africa has developed a vibrant property market, which investors, both local ...
