Destination Spotlight - Gulf Coast - Florida USA

Florida is known as the "Sunshine State", famed for its warm year-round climate, its exciting theme parks and sandy beaches.  The State has promoted itself to tourists since the mid 19th century but it was the development of Walt Disney World in the mid 1960s that confirmed Florida as a top international tourist destination.  Whilst many of the thousands that visit Florida each year get no further than the attractions and entertainments of Orlando, both the gulf and gold coasts of the State are growing in popularity amongst Europeans and are developing their tourist trade.

Florida’s Gulf Coast, bordered by the warm Pacific waters, offers a welcome respite from the brashness of Orlando.  Here you will find lively towns and quiet villages alongside long sandy beaches, small islands and expanses of hidden swampland. Some of the southern coastline is still fairly undeveloped and many visitors come simply to kick back and chill out.

A quick tour of the Gulf Coast

Fees

A mortgage often involves many fees, such as origination or underwriting fees, broker fees, and transaction, settlement, and closing/completion costs. Every lender or broker should be able to give you an estimate of its fees.

When buying their home most purchasers need to borrow to complete the transaction. The most common form of home- buying finance is a mortgage loan.

IFGroup will provide sound advice on the latest rates, the maximum amount you can borrow, repayment flexibility (such as capital payment holidays), different methods of mortgage repayment and all the pros and cons of fixed versus variable rate options.

In other words, we'll help you to identify the mortgage that best meets your personal needs - now and into the future.

BRITS TO BENEFIT FROM SPANISH CAPITAL GAINS REDUCTION

From 1 January 2007, Capital Gains Tax (CGT) in Spain for non-residents is set to drop from 35 per cent to 18 per cent, bringing the rate in line with the Spanish residents’ rate. This is great news for current and future investors, effectively halving the tax you have to pay on any gain in value of your home between its purchase and resale.

‘ONE BRITISH NATIONAL EMIGRATES EVERY THREE MINUTES’

New research from the Institute for Public Policy Research (IPPR) has revealed that some 198,000 British nationals moved overseas last year, bringing the total to 5.5 million. Its report goes on to predict that another one million will make the move in the next five years, which equates to around one person every three minutes.

The strong pound seems to have been a key factor in the decision to move overseas. Danny Sriskandarajah, associate director of IPPR, says: “When the going is good, Brits get going. Brits are looking for a better job, a better quality of life or a sunny retirement. Very few leave because they think the country has ‘gone to the dogs’.”