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Did You Know? The word 'shire' means something which has been shorn off, or separated. The district of Gloucester was shorn off from the great territory of the Mercians, and became Gloucestershire. |
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Did You Know? The nickname 'Unready' is derived from the word 'un-raed' which meant 'lack of council' or 'ill-advised'. It seems that 'King Ethelred the Unready' was either easily persuaded or made bad decisions, or both! |
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Did You Know? Mercia was originally an Anglo-Saxon kingdom centred on the valley of the River Trent in what is now the Midlands. By 1007 it was a province of Saxon England. |
The Ins and Outs of Overseas Property
This has become a more widely known topic in recent times with more and more people deciding to opt into time-share schemes and the purchasing of second homes. overseas property has therefore taken off and is now a popular choice for those who seem to have everything. It is also sometimes refereed to as international real estate.
Property prices vary by country and exchange rate factors may make buying a property abroad a very attractive prospect. Buyers are often from the more wealthy countries and often buy property in tourist locations; Spain is particularly popular to this effect.
Some countries have recently passed laws to ensure that only natives of that particular country can buy property there. This is to stop the rise in second homes being bought by foreign investors and time share deals.
There are now a large number of businesses and websites that trade overseas property; this is due to the increase in demand for property in tourist hotspots such as Spain.
There has been some controversy along the way and many people, especially natives, are unhappy with the manner in which building development has accelerated at such an uncontrollable pace.
The property boom still remains inflated, even if it is no longer expanding quite as fast, and will undoubtedly be a source of investment for many years to come.
