Buying property abroad

It is said that no two countries in the world have the same legal systems, nor are the systems and policies that rule the acquisition of property the same. Unfortunately, people who are buying property abroad often assume otherwise, making them susceptible of getting into a mad run with the legal intricacies of a foreign property market. But thanks to the European Union you can now take some comfort in the knowledge that the foreigner buying property abroad are now subjected to the same rules and regulations as the locals or any othe EU citizens for the matter. But don’t be so relaxed because even though the EU have already systematized the property buying procedures there are still some amendments …

Britain’s Real Estate

The five ghastly “Jack the Ripper” murders took place in an area less than a quarter square mile in size. Houses in this haunting and decrepit no man’s land straddling the City and metropolitan London could be had for 25-50,000 British pounds as late as a decade ago. How things change! The general buoyancy in real estate prices in the capital coupled with the adjacent Spitalfields urban renewal project have lifted prices. A house not 50 yards from the scene of the Ripper’s last – and most ghoulish – slaying now sells for over 1 million pounds. In central London, one bedroom apartments retail for an outlandish half a million. According to research published in September 2002 by Halifax, the …