WEAK POUND ATTRACTS FOREIGN BUYERS TO THE UK

As UK house prices fall by over 20% and the Pound crashes to record lows against the Euro, UK-based estate agents are reporting rising numbers of international buyers snapping up bargain properties, particularly in London.      “European buyers, especially Italians, are piling in to London’s property market and supporting prices locally,” said Peter Rollings, MD of estate agency Marsh & Parsons. “As far as they’re concerned, there’s never been a better time to buy. While the British economy is faltering, the Euro is getting stronger – and this is the result. This week we’ve seen two Italian couples competing … Continue reading WEAK POUND ATTRACTS FOREIGN BUYERS TO THE UK

NEW RUSSIAN TRADE/CONSUMER EXHIBITION SET FOR 2009

Homebuyer Events Ltd and parent company Expomedia Group plc have agreed a formal partnership with PFI Events Ltd to organise and promote a major combined B2B and B2C property event in the summer of 2009. The four day event – due to take place from 28th-31st May 2009 at Moscow’s leading venue, Expocentre – will be open to both the public and professionals. Educational content such as seminars, workshops and debates will be trade focused for the first two days and investor-centric on days three and four. “Many of our clients have wanted to penetrate the Russian market which has … Continue reading NEW RUSSIAN TRADE/CONSUMER EXHIBITION SET FOR 2009

OVER 12M RUSSIAN TOURISTS HEAD ABROAD IN 2008

Some 12,164,000 Russian tourists have travelled or booked to head abroad this year, with China (2.58m), Turkey (1.91m), Egypt (1.73m) and Finland (1.23m) the most visited destinations, according to the country’s largest insurance body Rosgosstrakh, which insures over 80% of all properties in Russia. Compiled by the Rosgosstrakh Centre of Strategic Studies, using Ministry of Tourism data, its own client information and various surveys, it released the figures last week providing a breakdown of the most popular overseas destinations visited by Russians in order of numbers visited and its forecast for growth over the next two years. Singapore, which only … Continue reading OVER 12M RUSSIAN TOURISTS HEAD ABROAD IN 2008