Industry News - August 2008 | Brookes and Company

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August 2008

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New Grenadian government pledges to expand to . . .
Caribbean News - 29/08/2008 @ 16:00
The newly-elected Grenadian government has pledged to expand the country's tourism sector to increase international investment and the value of Caribbean property. Governor general Sir Daniel Williams said that his imme . . .

Grenadian government pledges to expand tourism and boost Caribbean property

Off plan property investments offer good rent . . .
Caribbean News - 29/08/2008 @ 13:30
Off plan property investments in the Caribbean islands are increasingly popular amongst British investors and offer good rental yields throughout the year, reports guardianweekly.co.uk. Several of the major Caribbean te . . .

Off plan property investments offer good rental yields for investors

Bradford & Bingley reports £26 million loss
Tax and Financial News - 29/08/2008 @ 11:19
Bradford & Bingley, the high street buy-to-let loans specialist, has reported a loss of over £26 million for the first half of the year, news that will convince many investors to seek overseas investment propert . . .

Overseas investment property likely to appeal as B&B reports �26 million loss

Hollywood glamour to raise profile of Caribbe . . .
Caribbean News - 28/08/2008 @ 15:00
Property on the Caribbean coast of Panama is set to receive a boost from the filming of the latest James Bond thriller. Quantum of Solace, the second Bond film to star Daniel Craig in the rebooted franchise, has used lo . . .

Caribbean locations providing respite from Br . . .
Caribbean News - 28/08/2008 @ 13:00
Many Britons are choosing to escape the current downturn in the UK economy by setting off to the Caribbean, if only on a short-term basis. While house prices plummet in the British housing market and the price of living . . .

Caribbean property providing respite from British economy

Caribbean investment property appeals as UK h . . .
Tax and Financial News - 28/08/2008 @ 10:21
Many UK buyers will be seeking Caribbean investment property as Nationwide reveals a dramatic drop in British house prices. According to new figures from the high street lender average house prices have fallen by a dram . . .

Caribbean investment property appeals with UK downturn

Guyana airport expansion to boost tourism to . . .
Caribbean News - 27/08/2008 @ 16:00
The expansion of Guyana's Ogle Airport is set to boost tourism to the country's Caribbean coast by offering better links to the region. Guyana has one international airport, Cheddi Jagan at Timehri, while improvements t . . .

Caribbean property to be boosted by Guyana airport expansion

UK housebuilder announces huge losses
Tax and Financial News - 27/08/2008 @ 13:30
Major UK housebuilding firm Taylor Wimpey has announced losses of over £1.5 billion since the beginning of the year, news that will drive many buyers to seek Caribbean investment property. In the past few months th . . .

Housebuilder losses to drive many buyers to Caribbean property

BVI premier highlights recent economic succes . . .
Caribbean News - 27/08/2008 @ 11:13
Ralph O'Neal, premier of British Virgin Islands (BVI), has drawn attention to the territory's recent economic success in stimulating business and the value of Caribbean investment property. In a radio and television add . . .

BVI premier talks of economic success lifting Caribbean property

Dominican Republic residency laws to attract . . .
Caribbean News - 26/08/2008 @ 15:30
Laws in Dominican Republic are to change to allow faster national residency for buyers looking to purchase Caribbean property in the country, according to principalinternational.co.uk. Overseas buyers investing in the c . . .

Dominican Republic very favourable for Caribbean property

Tax rules favour foreign investment on Caribb . . .
Caribbean News - 26/08/2008 @ 12:51
Foreign investors are being presented with increasingly attractive Caribbean property deals due to tax rules designed to appeal to overseas buyers, reports themoscowtimes.com. Buyers in Panama can currently enjoy tax-ex . . .

Caribbean property made attractive with favourable tax conditions

Bank of England deputy warns of continued UK . . .
Tax and Financial News - 26/08/2008 @ 11:29
Charles Bean, the deputy governor of the Bank of England, has warned of a continuing slowdown in the UK economy, news that will convince more buyers to seek off plan property investment overseas. The banking chief ackno . . .

Overseas property investment to draw further appeal as banking deputy warns of continued slowdown

Donald Trump plans $600 million Caribbean inv . . .
Caribbean News - 22/08/2008 @ 16:00
Headline-grabbing billionaire entrepreneur Donald Trump is sure to please Caribbean property owners with his announcement of a $600 million investment in Puerto Rico. The business tycoon and face of the original US vers . . .

Donald Trump plans $600 million Caribbean property investment

Dominican tourism minister to talk with indus . . .
Caribbean News - 22/08/2008 @ 14:38
Dominican Republic's new tourism minister will meet with the country's prominent tourism bodies to discuss strategies for the future, which will be welcome news for investors with Caribbean property. Dominicantoday.com . . .

Dominican tourism minister to talk with industry and lift Caribbean property

Stalling growth indicates UK recession is upo . . .
Tax and Financial News - 22/08/2008 @ 11:54
A widely-predicted recession may already be upon us as UK second-quarter growth stalled this year, a development which will urge investors to seek overseas investment property. The figures, published by the Office for N . . .

UK recession will prompt buyers to seek overseas property investment

Venezuelan economy to receive boost from nati . . .
Caribbean News - 21/08/2008 @ 16:00
Property on the Caribbean coast of Venezuela will receive a probable boost as the government has consolidated the country's cement industry. The government now owns 90 per cent of domestic cement production, having boug . . .

Beachfront Caribbean properties to benefit from Chavez action

Jamaican business to benefit from Olympic suc . . .
Caribbean News - 21/08/2008 @ 13:30
Jamaica's economy, including the value of beachfront Caribbean property, is likely to experience a surge as a result of the nation's success at the Beijing Olympics, reports jamaicaobserver.com. Superstar sprinter Usain . . .

Caribbean property to be stimulated by Jamaican Olympic success

Trade between United States and Dominican Rep . . .
Caribbean News - 21/08/2008 @ 12:11
Trade between the United States and Dominican Republic has surged, leading to a stronger economy for those seeking Caribbean property in the region, reports Latin Business Chronicle. Business between the two nations is . . .

Caribbean property to be boosted as trade booms in Dominican Republic

CML: Lending down 27 per cent on last year
Tax and Financial News - 20/08/2008 @ 16:00
According to a new study from the Council of Mortgage Lenders (CML), lending is 27 per cent lower than last year, a figure which will drive many buyers to seek overseas investment property. Financial experts continue to . . .

Celebrity glow of Antigua's Carlisle Bay draw . . .
Caribbean News - 20/08/2008 @ 14:00
The luxury resorts of Antigua's Carlisle Bay are popular amongst the Hollywood elite and are enticing buyers keen to acquire an overseas investment property, reports voice-online.co.uk. American talk-show superstar Opra . . .

Caribbean property lifted by celebrity glow of Antigua

Tourism surge to Caribbean island of Margarit . . .
Caribbean News - 20/08/2008 @ 11:15
Tourism has surged to the island of Margarita over the past 18 months, suggesting a boom in the value of Caribbean property in the region, reports principalinternational.co.uk. Regular flights to the island's Santiago M . . .

Caribbean property may be boosted by tourism surge to Margarita

Caribbean number one for 'destination wedding . . .
Caribbean News - 19/08/2008 @ 16:00
According to a new study from Halifax Travel Insurance the Caribbean is considered the number one spot in the world for destination weddings. With a global reputation for stunning weather, incredible beaches and superb . . .

Caribbean property could benefit from wedding popularity

Chelsea Building Society warns of average inf . . .
Tax and Financial News - 19/08/2008 @ 13:00
Chelsea Building has warned that the soaring cost of living could push each individual's inflationary rate past seven per cent, prompting more people to seek overseas investment property in a bid to cut costs. The cost . . .

Overseas property investment could increase as CBS warns of inflationary rise

RBBT Caribbean invests in St Kitts and Nevis
Caribbean News - 19/08/2008 @ 11:15
A new branch of the RBBT Caribbean Bank has opened in St Kitts and Nevis, signalling a major economic boost and a probable rise in the value of Caribbean property. The bank was opened by the prime minister, Dr Denzil L. . . .

Caribbean property to be boosted by corporate investment on St Kitts and Nevis

BCC: UK recession not far off
Tax and Financial News - 18/08/2008 @ 16:00
The British Chamber of Commerce (BCC) has warned that a recession in the UK is not far off, an announcement that will drive many to look to overseas property investments, reports the BBC. The BBC has predicted that econ . . .

Caribbean property appeals as UK recession approaches

Grenada offers yachting and water-sports para . . .
Caribbean News - 18/08/2008 @ 14:00
The island of Grenada presents a yachting and water-sports paradise to both holidaymakers seeking a laidback break and investors seeking Caribbean property in the region, reports mirror.co.uk. The island is only 21 mile . . .

Good opportunities for overseas investment property in Grenada

Five star Panamanian condo hotel offers idyll . . .
Caribbean News - 18/08/2008 @ 11:27
The Palacio Del Mar is a luxury condo hotel in Panama that is adding to the prestige and glamour of the Caribbean through its stunning environment and world-class location. The resort offers all the elements that have m . . .

Idyllic Caribbean property on offer in Panama

Major telecoms company announces Caribbean in . . .
Caribbean News - 14/08/2008 @ 23:59
Major telecoms company Cable & Wireless is set to increase the value of Caribbean property by announcing a substantial investment in the Caribbean. The company is set to invest $400 million over the course of the ne . . .

Cable & Wireless to boost value of Caribbean property

Credit crunch continues to put focus on overs . . .
Caribbean News - 14/08/2008 @ 23:59
Housing website BuyAssociation.co.uk has highlighted Caribbean property as being amongst the best value in the world. With the effects of last year's credit crunch still having a tumultuous impact on the UK housing mark . . .

Credit crunch continues to put focus on overseas investment property

Celebrity aura comes to Barbados
Bahamas News - 14/08/2008 @ 23:59
Chart-topping R&B singers Rihanna and Chris Brown have added their own brand of glamour to the Caribbean with a holiday in the Bahamas. The area is hugely popular amongst the rich and famous, offering pristine beach . . .

Beachfront Caribbean properties designed to t . . .
Caribbean News - 13/08/2008 @ 23:59
Sailing enthusiasts looking for an overseas investment property have plenty of eye-catching options amongst the Caribbean islands. Scrub Island in the British Virgin Islands is highlighted by development specialist Cari . . .

Beachfront Caribbean properties designed to tempt keen sailors

Low taxes for Caribbean property investment o . . .
Caribbean News - 13/08/2008 @ 23:59
The new Swaying Palms property development in Dominican Republic offers a superb overseas investment opportunity for British buyers in a low-tax region of the Caribbean, reports easier.com. Situated on the east of the i . . .

Low taxes for Caribbean property investment offers in Dominican Republic

Hbos to shed 325 jobs by next spring
Tax and Financial News - 13/08/2008 @ 23:59
The BBC reports that Hbos will cut 325 jobs by spring next year in response to the economic downturn that is driving many buyers to overseas investment properties. The downsizing will begin with the closure of specialis . . .

Hbos to shed 325 jobs by next spring as buyers seek overseas investment property

Cheap Caribbean property makes Nicaragua enti . . .
Caribbean News - 12/08/2008 @ 23:59
Buyers seeking overseas investment property should spare a thought for bargains on the Caribbean coast of Nicaragua, reports Gem Estates on propertywire.com. With Caribbean property currently selling for up to half the . . .

Cheap Caribbean property makes Nicaragua enticing prospect

British Virgin Islands set for $280 million d . . .
Caribbean News - 12/08/2008 @ 23:59
Florida-based construction agency Bella Collina Development is set to construct a large Caribbean property development on St Croix in the British Virgin Islands, according to a report from virginislandsdailynews.com. Pe . . .

British Virgin Islands set for $280 million development

UK property manager reports ?25 million loss . . .
Tax and Financial News - 12/08/2008 @ 23:59
Property manager Mapeley Ltd has reported a loss of over £25 million during the second quarter of this year, as many buyers seek overseas investment property. The value of the company's properties has fallen by an . . .

Barbados investment council established to dr . . .
Caribbean News - 11/08/2008 @ 23:59
A new body, the Council for Investment, Exports and Foreign Exchange (CIEX) has been set up in Barbados to draw overseas investment and lift the value of Caribbean property. The announcement was made by Barbadian prime . . .

Barbados investment council established to draw overseas interest

Stars bring glamour to Anguilla
Caribbean News - 11/08/2008 @ 23:59
Caribbean property on the island of Anguilla has had its glamorous image polished thanks to a top ten placement for star popularity on thecelebritycafe.com. Holidaymakers or buyers seeking an overseas property investmen . . .

Stars bring glamour to Caribbean property in Anguilla

UK inflation surpasses four per cent
Tax and Financial News - 11/08/2008 @ 23:59
The rate of inflation in the UK rocketed to 4.4 per cent in July, according to the latest figures from the Retail Prices Index. The increase has been fuelled by a rise in petrol prices and a surge of nearly 15 per cent . . .

Singer marries in Bahamas
Bahamas News - 10/08/2008 @ 23:59
Singer Jewel has married long-term boyfriend Ty Murray in a ceremony in the Bahamas, reports People.com, adding to the glamorous pull of the region. Jewel has been with the rodeo rider for a decade and the couple live t . . .

Letting UK home advised for buyers seeking Ca . . .
Tax and Financial News - 10/08/2008 @ 23:59
Currency specialist HiFX has advised UK buyers looking to move to a Caribbean property to let their homes in Britain so that they are able to take up their overseas residence, as reported by mortgageintroducer.com. UK h . . .

Letting UK home advised for buyers seeking Caribbean property

UK economy declining faster than expected . . .