Diarmaid Condon’s blog – for independent commentary and analysis on what is happening in the overseas property industry.
“On a scale of one to seven, one being very unlikely and seven being very likely, how likely would you be to trust AIB with your investments in the future?” Oh, my, God. One, one, one, actually if there’s a zero, I’ll have that.
Much to the relief of overseas property owners in France, president Sarkozy has decided to scrap extra tax on overseas owners of holiday properties in France.
Darragh MacAnthony of MRI Overseas Property claims that he has been cleared by a Madrid court but the solicitor taking the case against him says it has merely been moved to Marbella.
Spanish banks are expected to fare worst in Europe when the results of upcoming stress tests are revealed. Don’t say you weren’t warned.
The UK Land Registry has confirmed that it has outlayed £26m in compensation since 2006 to property owners who have fallen foul of property title fraud.
Price falls of up to 50pc can be found in coastal Spain, so if you are in the hunt for a Spanish holiday home, now may be a good time to start looking.
Darragh MacAnthony features in the Daily Mail, with claims that he, along with two other former joint chief executives of MRI, now face legal action in Spain after hundreds of people allegedly lost millions because of the company.
Investing in off-plan property in distant and/or risky destinations simply doesn’t appeal to Irish investors these days so it is odd that our national newspapers continue to foist such articles on an uninterested audience.
Airfares will rise as Ryanair continues to pull aircraft from Ireland. It will not continue to fly quarter full flights from Ireland to Godforsaken airports in the middle of nowhere.
The Irish Farmer’s Journal asserts that Castle Carbery Properties funds in Poland are all under water at this stage.
