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Archived posts for January 2009

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Turkish house market 'increasingly popular'

30

Jan

2009

 HiFX News@ 12:00 AM

Turkey is becoming an increasingly popular destination for Brits to buy property, it has been suggested.

As people look for an alternative to the eurozone, Turkey is beginning to take emerge as an attractive market, explained PR executive of Atlas International Giovanna Gentile.

Continue reading "Turkish house market 'increasingly popular'"...

Bank of England 'should learn from Japan'

29

Jan

2009

 HiFX News@ 12:00 AM

The Bank of England should learn from Japan when it comes to quantitative easing measures, it has been suggested.

Economist at Defaqto Michael Baxter explained that many people believe the Asian country took too long over the decision to cut interest rates to zero.

Continue reading "Bank of England 'should learn from Japan'"...

CPP: Consumers need to do their bit for card security

29

Jan

2009

 HiFX News@ 12:00 AM

The banks have already done a lot to improve credit card safety and now consumers have to ensure they are doing their bit too, it has been suggested.

Card fraud expert from CPP Kerry D'Souza explained that measures put in place such as the Verified by Visa scheme have all helped to improve security in recent years.

Continue reading "CPP: Consumers need to do their bit for card security"...

The nation is "addicted to debt"

28

Jan

2009

 HiFX News@ 12:00 AM

The current financial downturn is a result of 14 years of "binge borrowing" and the nation is now "addicted to debt", it has been claimed.

It is right for the government to try and act on the situation but cutting off cash flow and making people go "cold turkey" is not fair, explained head of personal finance at money website Fool David Kuo.

Continue reading "The nation is "addicted to debt""...

CEBR: Interest rates could fall to zero

28

Jan

2009

 HiFX News@ 12:00 AM

Interest rates could fall to zero and remain there through until 2010, it has been suggested.

These are the views of senior economist at the Centre for Economics and Business Research (CEBR) Charles Davis. He stated it is likely for rates to fall further and remain low because the country is now officially in recession.

Continue reading "CEBR: Interest rates could fall to zero"...

The nation is "addicted to debt"

28

Jan

2009

 HiFX News@ 12:00 AM

The current financial downturn is a result of 14 years of "binge borrowing" and the nation is now "addicted to debt", it has been claimed.

It is right for the government to try and act on the situation but cutting off cash flow and making people go "cold turkey" is not fair, explained head of personal finance at money website Fool David Kuo.

Continue reading "The nation is "addicted to debt""...

Airlines will "struggle to forecast ? exposure"

28

Jan

2009

 HiFX News@ 12:00 AM

Airlines will "struggle to forecast their overall exposure", it has been claimed.

Most British companies that deal with an American market will have felt the effects of the recent foreign exchange rates, explained money conversion specialist HiFX.

Continue reading "Airlines will "struggle to forecast ? exposure""...

Malaysia's property market 'now increasing'

27

Jan

2009

 HiFX News@ 12:00 AM

It is only over the last few years that property in Malaysia has begun to increase in value, it has been claimed.

Finance director for Asset Property Brokers, John Scott, told Homes Overseas that this is unlike what has happened in other markets.

Continue reading "Malaysia's property market 'now increasing'"...

Exchange rates make Korea "great value"

26

Jan

2009

 HiFX News@ 12:00 AM

Foreign exchange rates are making Korea a "great value for money" destination, it has been claimed.

The strength of the sterling against the won at the moment should make it an affordable destination for Brits, explained marketing manager at the Korean Tourism Organisation Michael Michael.

Continue reading "Exchange rates make Korea "great value""...

Fraud 'higher in countries with no chip and pin'

26

Jan

2009

 HiFX News@ 12:00 AM

Overseas card fraud has increased because magnetic strips can be cloned and used in countries that have not yet implemented chip and pin technology, it has been suggested.

Thanks to recent changes in the UK that require people to use a personal identity number, crimes related to this form of payment have decreased over recent years, explained Tim Pie from HSBC.

Continue reading "Fraud 'higher in countries with no chip and pin'"...

HSBC: Travellers should have different payment methods

23

Jan

2009

 HiFX News@ 12:00 AM

It is a good idea to arm yourself with a few different forms of payment when abroad, it has been suggested.

People travelling to another country should inform their bank before they leave so it can identify any unusual activity, explained spokesperson from HSBC Tim Pie.

Continue reading "HSBC: Travellers should have different payment methods"...

Survey: Weak pound changes holiday plans

22

Jan

2009

 HiFX News@ 12:00 AM

The weak pound has made a strong impact on where Brits are intending to take their jolly jaunts this year, a new survey has revealed.

The study, by online travel agent Just the Flight, found that 40 per cent said the sterling's strength would have a "significant" influence on where they travel.

Continue reading "Survey: Weak pound changes holiday plans"...

Deflation is 'a positive step'

22

Jan

2009

 HiFX News@ 12:00 AM

Inflation is "a very bad thing" and the fact that it has decreased is a positive step, one expert has suggested.

Deflation can be a threat because it can cause "sharp monetary contraction" which some analysts deem as a risk, explained professor of economics at the Cass Business School Geoffrey Wood.

Continue reading "Deflation is 'a positive step'"...

Ideal time to escape "tax time bomb"

21

Jan

2009

 HiFX News@ 12:00 AM

The government has created a "tax time bomb", so it might be the ideal time to escape the gloom of Britain in search of sunnier climates, it has been suggested.

In order to try and repair the current economic crisis, taxes may have to raise, asserted Shelter Offshore.

Continue reading "Ideal time to escape "tax time bomb""...

Homes for sale should 'look right'

21

Jan

2009

 HiFX News@ 12:00 AM

People planning on selling a property should make sure that the look, as well as the price, is right, it has been suggested.

This could be useful advice for Brits who are putting an overseas property onto the market and will use an international money transfer system to complete the transaction.

Continue reading "Homes for sale should 'look right'"...

Bank bailout "overshadowed" by RBS shares

21

Jan

2009

 HiFX News@ 12:00 AM

Yesterday's announcement that the Royal Bank of Scotland's (RBS) shares had fallen 70 per cent has "completely overshadowed" the bank bailout plan, an industry expert has suggested.

Despite receiving £32 billion in funds from the government and other sources, RBS' capitalisation is now less than £5 billion, explained senior currency strategist at HiFX Bob Munro.

Continue reading "Bank bailout "overshadowed" by RBS shares"...

Buyers 'should be aware of differences'

20

Jan

2009

 HiFX News@ 12:00 AM

Brits buying property in Spain need to be aware of the different culture, rules and laws which affect the way homes are bought, it has been suggested.

The advice might be useful for those who are planning on buying a home through a money transfer system.

Continue reading "Buyers 'should be aware of differences'"...

Now is good time to buy US property

19

Jan

2009

 HiFX News@ 12:00 AM

It is a good time to buy property in United States of America, an industry expert has suggested.

Property prices in the US have fallen significantly over the last 12 to 18 months explained Jonathan Sloane, communications director at NYC & Company – the official tourist board for New York.

Continue reading "Now is good time to buy US property"...

Holiday makers 'are aware of foreign exchange rates'

19

Jan

2009

 HiFX News@ 12:00 AM

Holidaymakers are aware that the current foreign exchange rates mean certain destinations, such as Brazil, may be more affordable, it has been suggested.

Brazil's currency has suffered recently because of the problems in United States of America as they usually do a lot of trade with them, explained Suren Thiru, economist at the Halifax.

Continue reading "Holiday makers 'are aware of foreign exchange rates'"...

Have deposit ready 'when buying house at auction'

16

Jan

2009

 HiFX News@ 12:00 AM

Making sure the deposit is available when buying a house at auction is a key part of the process, a property expert has said.

Although purchasing this way can be a good way to get your hands on a home here in the UK or abroad, having the ability to transfer money to the seller immediately is important.

Continue reading "Have deposit ready 'when buying house at auction'"...

Best bet is 'getting rid of debt'

16

Jan

2009

 HiFX News@ 12:00 AM

Consumers have been advised that now may be an ideal time to start paying down any debts instead of trying to save money.

David Kuo is head of personal finance at Fool.co.uk and said due to the current economic climate, people may benefit more if they transfer money to pay off all, or part of, a loan.

Continue reading "Best bet is 'getting rid of debt'"...

Brazilian property investment 'to become easier'

15

Jan

2009

 HiFX News@ 12:00 AM

As more people invest in Brazilian property, the process of purchasing residences in the country will become simpler, according to a sector commentator.

Paul Collins, property editor for property website BuyAssociation, explains the processes - which may be funded by means such as international money transfers - involved in such transactions will become more streamlined.

Continue reading "Brazilian property investment 'to become easier'"...

Britain may join euro based on "economic conditions"

15

Jan

2009

 HiFX News@ 12:00 AM

The UK may join the euro if the "right economic conditions" are met, according to Europe minister Caroline Flint.

Speaking to the Metro, Ms Flint said a decision would be made based on a number of factors.

"We have identified five tests that have to be met - convergence with other European economies, flexibility, impact on investment, the impact on the financial services industry and growth stability and employment," she explained, adding so far these criteria have not yet been met.

Continue reading "Britain may join euro based on "economic conditions""...

Report: Exchange rates changing travel habits

14

Jan

2009

 HiFX News@ 12:00 AM

Fluctuating foreign exchange rates and the recent decline in sterling against the euro and US dollar is changing tourists' travel habits, a new report has found.

One country where Brits might be able to get more for their money is the Seychelles, where 171,000 UK residents visited in 2007, according to a survey by the Halifax.

Continue reading "Report: Exchange rates changing travel habits"...

Investors 'to make long-term plans'

14

Jan

2009

 HiFX News@ 12:00 AM

Property buyers need to make medium to long-term investments and not look for "quick wins", it has been suggested.

The global economy is making people cautious about where to buy houses and they need to understand that any purchase is unlikely to be only a short-term venture, explains Select Property.

Continue reading "Investors 'to make long-term plans'"...

PKF: Brits selling property abroad need to consider tax

13

Jan

2009

 HiFX News@ 12:00 AM

Brits who are selling an overseas property need to ensure they consider the tax implications in the UK, it has been suggested.

Some people with a second home may be looking to raise extra funds at the moment by putting it onto the market, explained director of personal tax at accountancy firm PKF.

Continue reading "PKF: Brits selling property abroad need to consider tax"...

Brazil will be an 'attractive place to invest'

13

Jan

2009

 HiFX News@ 12:00 AM

Brazil is an attractive possibility for property investors at the moment and it is likely to do well this year, an industry expert has suggested.

The current global market means there are not many places that people are optimistic about investing in but the Latin American country is one of the only markets that has emerged recently, explained BuyAssociation.

Continue reading "Brazil will be an 'attractive place to invest'"...

Brits can find 'cheap property in France'

13

Jan

2009

 HiFX News@ 12:00 AM

There are some cheap and affordable properties to be found in France, it has been claimed.

Brits looking to buy a home across the channel – perhaps by using a money transfer system – can pick up a real bargain if they look away from the main tourist routes and the south of France, Shelter Offshore explained.

Continue reading "Brits can find 'cheap property in France'"...

Expats should invest where the money is

9

Jan

2009

 HiFX News@ 12:00 AM

Brits looking to buy property in Australia should do their research to ensure they invest in an area that is likely to be economically lucrative, it has been suggested.

There are certain areas of the country where the mining activity will be a driving force behind the local economy, explained director at TheMoveChannel Dan Johnson.

Continue reading "Expats should invest where the money is"...

Brits abroad 'need insurance'

9

Jan

2009

 HiFX News@ 12:00 AM

Brits living abroad for a sustained period of time need to ensure they not only have travel cover but also health and home insurance, it has been suggested.

Opening an offshore bank account could be one way of receiving a certain level of insurance, said Shelter Offshore.

Continue reading "Brits abroad 'need insurance'"...

HiFX: Rate cuts a welcome relief

8

Jan

2009

 HiFX News@ 12:00 AM

News that the interest rate has not been slashed as much as feared will be a "welcome relief" to businesses that trade internationally, an industry expert has stated.

The comments, from currency strategist Marc Cogliatti at the foreign exchange specialist HiFX, came after the monetary policy committee (MPC) announced that rates will be cut 0.5 per cent to 1.5 per cent.

Continue reading "HiFX: Rate cuts a welcome relief"...

Rate cuts 'could weaken the pound'

8

Jan

2009

 HiFX News@ 12:00 AM

If interest rates are cut to nearly zero today, then this could weaken the pound even further, it has been suggested.

The volatile financial market is forcing banks to take action but slashing rates dramatically could cause global investors to wonder why such action had to be taken, explained senior currency strategist at HiFX Chris Towner.

Continue reading "Rate cuts 'could weaken the pound'"...

Sterling's rate 'depends on the eurozone'

7

Jan

2009

 HiFX News@ 12:00 AM

The future interest rate will depend on what happens in the eurozone, an economist has suggested.

Over the next six months, the British rate of interest will decrease to around 0.5 per cent, predicted economist at Defaqto Michael Baxter.

Continue reading "Sterling's rate 'depends on the eurozone'"...

Brits in a "good position to haggle"

7

Jan

2009

 HiFX News@ 12:00 AM

Brits interested in buying property in Dubai are in a "good position to haggle", it has been suggested.

Due to the current economic climate, anyone willing to purchase a property is "gold" and so might be able to get a good deal, stated Shelter Offshore.

Continue reading "Brits in a "good position to haggle""...

HiFX: 2009 looks "gloomy" for the pound

6

Jan

2009

 HiFX News@ 12:00 AM

The year ahead looks "gloomy" for the value of the pound against the euro, it has been suggested.

In the UK, the economic deterioration is picking up pace and sterling traditionally struggles at times like this, explained HiFX.

Continue reading "HiFX: 2009 looks "gloomy" for the pound"...

"The credit crunch leaves its mark" on property in Dubai

6

Jan

2009

 HiFX News@ 12:00 AM

House prices in Dubai are decreasing "as the credit crunch leaves its mark", it has been suggested.

Employment opportunities have dried up in the United Arab Emirates (UAE) city, explained Shelter Offshore and so too have mortgages, credit and new buyers.

Continue reading ""The credit crunch leaves its mark" on property in Dubai"...

Brazil is 'an easy location to invest in'

5

Jan

2009

 HiFX News@ 12:00 AM

Brazil is a "very easy" location to invest in foreign property, it has been suggested.

General manager of the Brazilian tourist office in London, Tom Falcao, suggested that Brits looking to buy a home there – perhaps by using an international money transfer – should have "no problem at all".

Continue reading "Brazil is 'an easy location to invest in'"...

People should have a "hard-nose investment approach"

5

Jan

2009

 HiFX News@ 12:00 AM

Brits planning on using a money transfer system to buy a property abroad have been warned to buy with a "hard-nose investment approach" and not with "their hearts".

The fall in value of sterling will put some people off investing in homes overseas, explained a spokesperson for the Spanish Property Owners Guild, but there will still be thousands who want to escape Britain.

Continue reading "People should have a "hard-nose investment approach""...

ALIL: Essential to have right account

2

Jan

2009

 HiFX News@ 12:00 AM

Having the right bank account to suit the individual's needs when moving abroad is essential, it has been suggested.

It can help make sure that the most is achieved from finances and could provide the account holder with good returns, explained Alliance and Leicester Limited (ALIL).

Continue reading "ALIL: Essential to have right account"...

Dubai "safest place" to buy abroad

2

Jan

2009

 HiFX News@ 12:00 AM

Dubai is one of the "safest places" to buy property abroad, one industry expert has suggested.

The United Arab Emirates has been affected by the economic situation, explained homesgofast.com, but not as severely as other locations around the world.

Continue reading "Dubai "safest place" to buy abroad"...


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