Richard Butler Creagh: Real Estate Abroad Part II

In the previous article (Part 1),  we talked about best locations that are the best places to buy real estate overseas. In “PART 2”, I’ll continue sharing real estate property listing. Here it goes.

Greece.  Investors and people interested in buying real estate abroad are coming to Greece in search of cheap real estate. Due to the economic events the average prices seem to be lower however there a big spread of prices. Crete is the most popular. Real estate prices lower than in Spain and Portugal. New low cost flights to Greece, UK and Crete also determine this.Agios Nicolaos is at the forefront of popular cities to buy real estate in Greece. After this is Elounda, Apokoronas near Chania in Crete, Neapoli and Kerkyra on the island of Corfu.

Italy. Italia is always a "strong" country when it comes to popularity among investors and people interested in buying real estate with an appetite for "Bela Vita". Real estate prices more expensive than Spain and Portugal, with an average price of £254,000. Historic cities, great architecture, great food, all this encourages investors to buy a house or apartment in Italy. Scalea in Calabria in the south of the country. And in the popular Tuscany are cities like Fivizzano, Chianni, Licciana Nardi.

Cyprus.  Still a very popular place for British real estate to buy. The average price of Cyprus property is £133,000. And the most popular places to buy Cyprus property are around Paphos, Peyia, Kato Paphos, Talo and Chloraka. There are not so many new properties being built like in Greece, and it is worth focusing on the secondary market if you are thinking of buying an apartment or house in Cyprus.

Florida. Friendly Florida with English language and Anglo-Saxon culture. Real estate prices soared. The average price of real estate among those looking for in Florida is £385,000. In addition to Miami, where real estate prices are sky high, it's worth heading north to Florida theme parks. Developers and real estate agencies offer properties with a "rent guarantee". And prices around Orlando are still "reasonable" for a European and it is worth investing there, for example, in an apartment for rent.

Barbados. Not everyone is bothered by over 7h flight from Europe and high real estate prices, but Barbados is still strong investment place. The strong roots of the British community and high property prices within £350,000 do not alienate buyers and investors. The most popular places to buy real estate in Barbados are Westmoreland, Sandy Line, and Holetown. Also, around Mullins and Speighstown. It always was and is an exclusive place to invest capital.

Richard Butler Creagh helps companies to raise finance in ways that is sometimes out of reach for mainstream lenders. Getting bridging finance is a big financial decision and choosing the right provider is crucial. Have a look Richard Butler Creagh website here. Check out the Richard Butler Creagh Twitter page to learn everything you need to know about bridging loans & short term finance. Richard Butler Creagh also has a library of real life bridging finance scenarios showing how bridging finance lenders have helped a range of diverse clients here. You can also learn more about bridging finance by reading Richard Butler Creagh indepth guides about all aspects of bridging loans here.

 

Richard Butler Creagh: Real estate abroad

The British – as you probably know, lead the nations that buy real estate abroad. And they mainly drive real estate markets in the most popular locations to buy real estate not only in Europe but also in the world. The best example of this is the Spanish real estate market.

Buying real estate aboard is not only an apartment or holiday home, but also as a capital investment and as an investment that is expected to bring stable cash flow from real estate.

If you are interested in real estate markets around the world it is worth looking at some facts and statistics. Over the past few years, the same countries are in the top most popular places to invest in real estate in the world.

Spain. The most favourite destination for buying property, by English investors and families looking for a second home for vacation or moving to Spain. Spain has been the number 1 property buyer abroad for many years. It is a place for those who are looking for a Life in a warm country. Property prices in Spain have been rising steadily over the past few years and still, Spain remains relatively cheap compared to other warm countries. The average property price in Spain in 2018 was £117,131. Which places are the most popular in Spain for buying property abroad by foreigners? Most foreigners buy real estate in Torrevieja on the southern Costa Blanca. Next is Camposol near Murcia. The town of Estepona on the Costa del Sol, Villamartin on the Costa Blanca near Orihuela Costa and Condado de Alhama near Murcia – one more good places to buy a property at a golf course in Spain.

FranceAlthough not as popular as Spain for the purchase of foreign real estate, France among the British “home buyers” occupies a leading place in our statistics and portal “Home in the Sun”. Closeness, beautiful properties and charming locations are decisive. Both in the south of France on the Cote d’Azur and the northern outskirts of France. The profile of a client looking for real estate in France is slightly different than, for example, Spain. They are mainly people looking for real estate for retirement. “Full time” pensioners who are looking for a quiet life in France, mainly in rural locations. Farms, country houses and country properties are selling. The average property price in France was £137,000. It’s still more attractive real estate prices compared to Great Britain. In addition to the Cote d’Azur, the most popular places to buy real estate are Britain in the north of France and around Nancy and Morbihan.

Portugal. Real estate in Portugal is not cheap in Europe. Portugal is more expensive than Spain and France. The average price of real estate is £220,000. According to data from “Home in the Sun”. Buyers with a higher budget seem to be choosing Portugal to buy a holiday home. Great climate, friendly nation, beautiful scenery of the south of the country, i.e. the coast of the Algarve. Real estate maintenance costs in Portugal are also higher than in Spain. Albufeira, Faro and Portimao are cities that the British choose to buy property in Portugal. Poles are also buying property in the Algarve.

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Richard Butler Creagh helps companies to raise finance in ways that is sometimes out of reach for mainstream lenders. Getting bridging finance is a big financial decision and choosing the right provider is crucial. Have a look Richard Butler Creagh website here. Check out the Richard Butler Creagh Twitter page to learn everything you need to know about bridging loans & short term finance. Richard Butler Creagh also has a library of real life bridging finance scenarios showing how bridging finance lenders have helped a range of diverse clients here. You can also learn more about bridging finance by reading Richard Butler Creagh indepth guides about all aspects of bridging loans here.

 

Richard Butler Creagh: How are the UK’s talks with the EU going?

Here is the latest news from Richard Butler Creagh.

EU officials say the UK is “dancing around the issues” in talks in Brussels on a Brexit deal. Boris Johnson’s government is seeking to renegotiate the withdrawal deal agreed by his predecessor, Theresa May, but discussions so far have been at a very general level. The EU maintains the text of the withdrawal agreement is closed but it is still listening.

“The UK wants a less involved relationship,” says one EU source close to the talks, “but it’s not clear what that means in practice.” The prime minister’s Brexit envoy, David Frost, is back in Brussels this week for further talks but time is running short. UK officials say criticism of their approach, from the EU side, is unfair.

“We’re having conversations this week which pick up on last week’s discussions,” one official says, “and we’ve agreed where to focus talks in the future.” That means the focus is still in Brussels.

So far this week, the UK side says it has presented ideas on customs and manufactured goods, while there has been further discussion on the non-binding political declaration which sits alongside the withdrawal agreement and outlines the future relationship between the two sides. But while the government says progress is being made, the EU insists no formal proposals have been tabled.

Clock ticking

There is also a sense from those involved in the talks the UK’s desire for a looser relationship involves not just economic issues but defence and security too. All of this exasperates the EU. There is plenty of churn behind the scenes but little certainty about anything.

Philip Rycroft, who was until recently the permanent secretary at the Department for Exiting the European Union, says it will be very difficult to get a deal done by mid-October.

If the EU were to shift position on any issue, it would want some degree of confidence a new deal could win the approval of the UK Parliament. That could mean waiting for a general election – but if anything is going to be achieved in these talks, it is going to have to happen pretty quickly.

Future relationship

As well as replacing the backstop, Boris Johnson wants a clearer path to what he calls a “best-in-class” Canada-style free-trade agreement with the EU in the future.

But it has been made clear during the talks in Brussels that this would involve the UK getting rid of many “level playing field” elements – promises agreed by Theresa May to stick close to EU rules on things such as subsidies for business, workers’ rights and environmental rules.

Richard Butler Creagh is the founder of Henley Finance and has been one of the first people in the UK to identify the need for reliable and fast bridging finance. In all its forms, Richard Butler Creagh also designed this blog for readers who want to know what’s going on in the British news helping you to keep abreast of events and form your own opinion of the latest issues. Richard Butler Creagh also gathers and reflects on news as it happens, adding depth and context to breaking stories on the Richard Butler Creagh Twitter page here. Keep up to date with what’s happening on the Richard Butler Creagh Linkedin page here.

Richard Butler Creagh: Investing in technology

Investing in new green technologies has never been as important as today, and yet many of us believe that these efforts are doomed to failure. It may be one of the safe havens of todays threat of recession.

The rapid technological progress in the United States means that next generation solar panels will be thinner, cheaper and more efficient. Maybe they won’t even be made of silicone. Companies are looking for even more effective ways of obtaining solar energy, for example using long parabolic mirrors that focus light on thin tubes filled with liquid, which – when heated to a sufficiently high temperature – can drive a steam turbine and generate electricity. Spanish and German companies are setting up large solar power plants of this kind in North Africa, Spain and southwestern North America. In California, on a warm summer afternoon, solar power plants are already competing with coal. Europe could obtain most of its energy from power plants operating in the Sahara desert. A new extensive transmission network would be needed.

During certain periods of the past year, wind farms supplied nearly 40 percent of the energy used in Spain. In some regions of northern Germany, wind energy is more than needed. Northern Scotland, where winds reach one of the highest speeds in Europe, could easily meet 10 or even 15 percent of Britain’s energy demand – at a cost that would match today’s fossil fuel prices.

The discontinuous nature of the energy obtained from the wind (once it blows strong, sometimes weaker) means that the energy system would have to be shaped in a different way. To ensure continuity of supply, Europe needs to build a better energy network between regions and countries. Countries with surplus energy from wind easily exported it to places where it doesn’t blow so much. Great Britain should invest in transmission networks, probably underwater, through which the energy generated in Scottish wind farms would reach the south-eastern regions of England and further to France and the Netherlands. If we want maximum energy security, the energy distribution system would have to cover the whole of Europe.

You should also invest in energy storage. There is talk of the development of “intelligent systems” that encourage consumers to save energy when wind speed slows down. In many countries, acquiring wind energy is already financially profitable today and will soon stand – because turbines will be increasing and producers will reduce costs. According to some forecasts that wind farms can meet energy demand by up to 30 percent, turbine production and installation will also become a significant source of employment.

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Richard Butler Creagh is the founder of Henley Finance and has a very triumphant career in property development. Hes goal is to assist anyone working in a small business make smart decisions about finance, products, services and ideas. Whether it’s a food truck or a fashion line, a coffee shop or a consulting firm, Richard Butler Creagh brings you concise, actionable  information you can use to make the daily decisions required to grow your business.  You can also read more about Richard Butler Creagh here.

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Is this technology safe?

The blockchain as a transaction book with the current technology and computing power of computers cannot be created. It is estimated that a computing power equal to half the Internet is needed to break a blockchain network. However, the introduction of quantum computers will require the implementation of new cryptographic security features according to Forbes. Blockchain transactions in the blockchain are irreversible. Attempting to change one block involves changing the entire blockchain following it. In the event that someone tries to cheat, change or enter an unauthorized transaction, the blockchain nodes in the verification and reconciliation process will discover that one of the copies of the book has a transaction that is incompatible with the records in the network and refuses to include it in the blockchain. Data, transactions and their order are resistant to counterfeiting and all kinds of manipulations. The blockchain philosophy, advanced mathematical methods, and cryptographic security allow us to trust the data contained in the accounting books of the transaction. On the other hand, is the chain because can’t get any point because of nature it works, the entire block needs to be rewritten or scrapped but for this happens this is to be identified. It is difficult to identify it the chain is many many many blocks away.

The financial industry was the first to recognize the potential of blockchain, but also the risk for its status quo that this technology brings. Since 2014, we have seen a huge flood of start-ups, which develop crypt-based technology for block-based currencies. A new industry is emerging, named for finance and technology in the FinTech industry, and in the insurance industry Insurance Tech (or InsurTech). There is a lot going on in the traditional financial industry. In 2015, a consortium of Banks and FinTech was established with the aim of developing blockchains. The consortium for September 2016 included, among others, Citi, Bank of America, Morgan Stanley, Societe Generale, Deutche Bank, HSBC, Barclays, Credit Suisse, Goldman Sachs, JP Morgan, and ING. In July 2016, Citi announced that it had developed its own crypto-currency, which he named Citicoin. FinTech start-up Chain.com received on October 30 million USD co-financing (from Nasdaq, Visa, CapitalOne, Orange and Citigroup) in order to build a solution that will allow you to send various valuable assets in the network (loyalty points, shares, vouchers and various financial instruments).

Learn more about Richard Butler Creagh, the founder of Henley Finance here. Read more about Henley Finance which is a bridging lender company that invests in UK property here.

London house prices: is slump coming to an end?

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh helps clients find the right financial packages for their needs. Richard Butler Creagh and his team bring a consultative approach that quickly solves financial challenges. In today’s post, we talk about the slowing price growth of UK property making it harder for speculators to turn a profit.

The number of homes in England and Wales that were bought and sold twice within a year came to 17,120 in 2018 — down 11 percent from the latest peak two years earlier, and 70 percent below the high point of “flipping” in 2004, according to the estate agents.

Speculative homebuying in London almost halved in the past four years, with 1,107 homes flipped last year, as the housing market in the capital — which had led the post-crisis surge in prices — weakened. Of £3.9bn of homes flipped in the UK past year, £600m were in London. Price growth has slowed, and this combined with tax changes has meant that generally, it’s harder for flippers to make as much of a return as before.

The annual rate of house price growth across the UK in 2018 was at its slowest in five years and the slowing trend has continued since, with prices across the UK up 1.4 per cent in the year to April, while in London prices dropped 1.2 per cent.

In 2018, flippers sold homes for an average £30,150 more than they paid — although this figure does not take account of stamp duty, estate agent fees or any renovation costs. According to an online estate agent, buying and selling a home worth about £200,000 can cost as much as £20,000 in total, meaning flippers must choose carefully to ensure a profit.

The latest peak for flipping was in 2016, when some 19,180 homes in England and Wales worth £4.2bn changed hands twice in a year. National house price growth began to slow that year, after coming in at 8.3 per cent in the year to March. But that paled in comparison with the boom of the early 2000s, when 56,560 homes, worth a total of £8.2bn, were flipped as house prices shot up by 20 per cent in 2004.

The capital of rapid buying and selling for the past three years has been Burnley in Lancashire, where more than one in 10 homes that changed hands were flipped in 2018. Burnley has some of the lowest house prices in England. This allows flippers to buy properties worth more than £125,000 that do not incur basic stamp duty, although they may still be liable for the 3 per cent surcharge applied to second and additional homes.

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Richard Butler Creagh is the founder of Henley Finance. With decades of experience and deep knowledge of the financial sector, Richard can help clients find the right financial packages for their needs. See what Richard Butler Creagh can do for you here. Check out Richard Butler Creagh ‘s Pinterest page here for more information you need to succeed financially. Whether debt, mezzanine financing or equity, the Richard Butler Creagh has the resources to help you to keep your business moving forward.

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Richard Butler Creagh: Luxury Goods

Welcome to the Richard Butler Creagh Blog. Richard Butler Creagh provides bridge loan funding for a wide array of commercial and personal requirements.  In today’s post, we talk about the key trends shaping the luxury market. Read on to find out more.

An in-depth knowledge of the culture and realities prevailing in a given country combined with the knowledge of the local language can be a unique asset when thinking about your own business. Nothing prevents me from checking what market niches are in other countries or what popular product in one of them could make a sensation in the other. One thing to consider is that the natives probably know their own market better than you however perhaps not the product.

Richard Butler Creagh

Italian pizza, French cheese, Swiss watches or German chemistry is a clear message for the customer that the offered product is of the highest quality. However, if someone intends to base their business on such a pillar, they should gain knowledge why a particular product is the best from this particular country, learn about traditional methods of its production and culture related to its consumption, use, sale, etc. Each entrepreneur will make it more credible in the eyes of consumers. However, often businesses outside of the well-known location register to be able to have the fame of quality on their side.

Of course, you do not necessarily have to focus on offering products that are synonymous with their place of origin. Because although everyone knows that Italy is the homeland of pizza, there are thousands willing to run a pizzeria, so the competition will be huge in this case. An investment based on the distribution of a traditional commodity for a given country, in the absence of recipients’ knowledge about it, requires more effort in marketing and education, but it also gives the chance to gain a pioneer in the market.

Until recently, yerba mate was known to a few South American lovers and connoisseurs of tea drinks. The brew prepared from the leaves of Paraguay holly has become more popular in European recent years thanks to travel programs. Both journalists, talking about Latin American cultures, repeatedly presented themselves to the viewers with matero and bombilla in hand (a vessel and straw used to consume a drink).

From the KPMG report shows that by 2017 the value of the home luxury clothing market will increase. This means that it will still be the second largest segment of luxury goods in the country, right after luxury and premium cars. This high demand for luxurious goods created diversification within the market for high luxury and low luxury goods. The results of the report also indicate worth emphasizing that the brands of luxury clothing and accessories from Italy and France play the most important role.

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