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News
05
French property prices holding steady
Property prices in France are stable This is because French banks had
at present, a mortgage provider has less exposure to the US subprime
stated. John Busby, Director of losses, he noted.
French property firm Athena A favourable economic and
Mortgages, remarked that a mixture political climate, along with many
of price rises and regional natural features makes France an
variations is giving “overall stability excellent property investment
to the French market.” location.
There have been marked regional There is easy access via direct
variations, such as a 1.6% rise in budget flights from many
Brittany but a 14% drop in international airports.
Normandy over the past year. Excellent, modern transportation
Athena’s latest report shows infrastructure and close, easy links
banks to be increasingly willing to with the UK and mainland Europe
lend. Such a situation could help are additional favourable factors.
those keen to buy in France to pick France is confirmed as the most
up a property at an advantageous popular overseas destination for
price. British expatriates to live in the
Michael Axelrod, an overseas world, according to new research
mortgage expert with Conti from Halifax International.
Finance, says the current market in 16% of British expatriates are people to move to outside of British expatriates living in France
the country is “calm” and that currently residing in France, Europe was the USA at 8%, are over the age of 55. One third
obtaining mortgage finance there is followed by Spain at 10%. The most followed by Australia at 4%. (32%) were aged between 55 and
easier than in Britain. popular overseas destination for Almost two thirds (67%) of 64 years of age.
Skipton Guernsey and Scarborough Channel
Islands in Joint Savings Account Launch
1.00% bonus, which is payable on that they have a guaranteed
the first interest payment date of minimum return in the first year
31 August 2010. and that the rate thereafter will rise
During the following year, up along with any Bank of England
until 31 August 2011, the account base rate changes into 2012.”
will pay a minimum of 1.00% The new variable rate account
above the Bank of England base can be opened with a minimum
rate and any base rate rises will balance of £10,000, with balances
automatically be added from the of £10,000 to £49,999 currently
first day of the month following earning 1.75% gross, balances of
the change. £50,000 to £99,000 will currently
Between 01 September 2011 and earn 1.90% gross and balances of
31 August 2012, the interest rate £100,000 to the £5 million
payable is guaranteed to track and maximum will currently earn
match UK base rate, whilst after 01 2.00% gross. The set rates are the
September 2012, the account will minimum rates guaranteed to be
offer a variable interest rate paid until 31.08.09; in addition, all
structure. tiers will attract an introductory
Skipton Guernsey Limited and which is designed to reward those Commenting on the new bonus of 1%, which is payable on
Scarborough Channel Islands customers who open their International Bonus Account, 31.08.10 for new funds only.
Limited are soon to amalgamate to accounts with new money. managing director Alan Bougourd Alan Bougourd adds, “This
form a single specialist savings and On balances of £100,000 or said, “Savers have had to endure innovative new account offers
mortgage bank on Guernsey. Both more, for example, savers will earn hard times as UK base rate has immediate access to funds, so
have launched an innovative new a minimum rate of 2.00% gross fallen to a record low. Now with savers needing to make
deposit account, called the p.a. and accounts opened with new this new account, we are offering withdrawals can do so at any time
International Bonus Account, monies will earn an additional peace of mind so savers will know without an interest penalty.”
© Zts
www.investmentinternational.com September 2009 Investment International
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