Wednesday 6th January 2010
GIRASOL HOMES LAUNCHES NEW LISTING SERVICE FOR PRIVATE CLIENTS
Girasol Homes now offers to provide an extra service to clients that want to sell their property in the quickest time possible. Having finished 2009 on a high note for completed sales and with a good number of properties which will be sold in January 2010 we are eager to repeat the success formula for new clients on the selling side.
If you are interested in receiving our proposal please contact us at Click here
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Tuesday 12th January 2010
Italian Market Predictions 2010
“2010 promises more interest in the less risky world property markets. There is talk that in Italy, a well established country, property prices could increase by 3-5% in late Spring”, says Linda Travella, who has been selling property in Italy since 1987.
Continues Linda, “2009 started off very slowly in all markets with the realisation of what had happened in September 2008.
That said, Italy suffered less than most other world markets and prices did not really start to drop in the first quarter unless clients were desperate to sell, where reductions of between 5 -10% maximum were reflected in both re-sale and new build properties.
Spring turned into Summer with the realisation that there were for sure, less buyers, and unless vendors were more flexible, clients would go elsewhere. This manifested itself in price reductions and vendors more likely to consider offers.
The last quarter of 2009 saw sales and interest returning, especially with Italy being considered a safer investment than many other markets around the world.”
Stephen Hughes, associate director at Foreign Currency Direct says, “There are plenty of positives for those looking to buy in Euros going into 2010 after a relatively stable second half of 2009.
Even though the UK appears to have fallen behind other economies in the race out of recession and economic recovery, Sterling has held pretty firm against the single European currency, trading two to three cents either side of 1.10 during the second half of last year.
On top of this, recent data releases from Halifax, Rightmove, Nationwide and the Royal Institute of Chartered Surveyors have shown that the UK housing market has started to move in the right direction with numbers of properties being put on the market, numbers selling and prices all increasing.”
Linda suggests that if you have the cash, try to make an offer by March as good bargains can definitely be found at the moment.
The housing market seems to be the driving force behind any UK economic recovery so these positive announcements can only bode well for Sterling in 2010 where it appears there will be several windows of opportunity to buy Euros significantly above the relatively low levels which have been the norm over the past few months.
As in the UK, mortgages are more difficult to come by, so if you work on 50% loan to value, you shouldn’t be disappointed.
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