Autumn 2021 Special offer
The Wyndham Halcyon Retreat Golf & Spa Resort in Limoges France is happy to announce that a developer finance offer is now available to purchase your very own holiday home in France. Customers only need to pay a one time deposit based on the value of the property and the balance will be taken directly from the rental returns the property generates. Meaning customers never have to make another payment. On top of that we are still offering an assured resale of 150% after 10 years further increasing the value of the investment for owners. Zero interest developer finance option Flexible deposit options available Balance repaid through rental returns 150% resale option after 10 years Yearly free usage of property for owners Yes, i would like more information »
ING advises savers to look for another bank
Is investing not right for you? Do you not have another destination for your savings yet? Then you can consider transferring some of your savings to another bank. They sometimes give more interest than ING.
Holiday home buyers still hot for Europe – despite Brexit
Countries like France, Spain and Italy – always been popular with British buyers – are still doing well.
Overseas Property and Brexit: The Big What If?
Halcyon are frequently asked ‘The Big What If?’. For this reason, we have commissioned an article compiling the hard data provided by government bodies, banks and think-tanks to help you best understand what is likely to happen. The problem with Brexit is that depending on what country you’re in, you’re fed an entirely different story of what is going on and what will happen. If you’re in Germany, it’s the doomed automotive sector, if you’re in France it’s the plague of the gilet-jaunes, for the Portuguese it’s an impending debt crisis an if you’re in the UK, you’ll be told everything is bad. If I told you the French housing market was booming at a 21st century high, UK unemployment is at a 44-year record low and that the devaluation of the euro has made the entire bloc more internationally competitive, you would assume I was lying, fact. The problem is the press. In economics you base all assumptions off rational decision making. Rational individuals would turn to reputable, academic and verified sources. Tabloids like The Sun have a purpose but their pursuit of contentious headlines does not benefit consumers seeking their own economic prosperity. Halcyon Development will be providing bi-weekly updates on the Brexit/Euro economy from the sources listed below: Under The Microscope: France The world’s fifth biggest economy. Relatively unshaken by the 2008 recession due to its stable, self-sufficient service economy, the impacts of Brexit are forecast to be minimal. With a breath of fresh air from Macron, the French economy has been on the rise. Taking the most stable asset as an example: Since entering the 21st century, the trend has been modest. Stumped by the 2008 global recession, then faced with a minor blip in the 2012 double-dip, the trajectory has since been stable and upward. The low housing prices explain the heightened levels of housing transactions. With housing transactions at an all-time high, this signals that both supply and demand in the economy are strong, with the relatively low and stable prices making property investments lucrative. The housing market is bolstered by fixed long-term mortgage rates as low as 2.15% (for non-citizens too). The French economy benefits from the same profitable rental returns the UK economy has, seeing 3-5% as the generic rate. The housing market is benefiting from such sustained success because of the cooling effect of politics. Whereas pre-recession supply and demand bubbled uncontrollably, the political arena in the EU has acted as a handbrake on the economy. Minor fluctuations coupled with prolonged uncertainty have kept prices from rising too quickly. Government reforms and expansionary fiscal policies have seen consumer purchasing power rise. With inflation forecast to dip in 2019, private consumption is set to increase steadily. The passing of the gilet-jaunes, the introduction of the MUES and low inflation all point towards a prosperous 2019 with increased purchasing power: Increased purchasing power in accordance with forecasts to reduce interest rates will see consumer demand rise in 2019. The consequence of which will be an increase in inflation and a decrease in unemployment, moving the economy one step closer to its pre-recession strength. France, just like it did in the recession, shows its strength as a self-sufficient powerhouse. What affects the EU, affects France on a far smaller scale. It is this stability which draws foreign direct investment. The big talking point is the Euro. The graph on the right illustrates the pound has peaked at a two year high against the euro (£1: €1.1610). The strengthening of the pound reflects the growing consensus that the UK is headed towards a soft Brexit. This appreciation means British consumers will be in a stronger position to inject funds into France. The Euro has struggled most against the dollar, with 2019 seeing a -7.37% devaluation (€1: $1.13). With core-inflation levels relatively constant in both the US and the Euro Zone, it is expected that a flat rate of circa 1:1.15 will be seen throughout 2019. Regarding the pound and Brexit, it is widely accepted the only outcome which will distort currency trading is a harsh no-deal. As of 21/03, Theresa May’s request to delay proceeding until June 30th has been rejected, however 3 million citizens (and counting) have signed a petition for Article 50 to be revoked. Worst Case Scenario: A No-Deal Brexit will sink the pound by approximately 10%. This will increase the purchasing power of the Eurozone versus the pound. Best Case Scenario: Soft Brexit/Remain will likely see a currency appreciation as the Eurozone economy’s handbrake, consumer uncertainty, will be lifted and confidence will revive. Why invest in property? The wealth effect: You own an asset that will increase in value over time more consistently than any other investment. The implications of inflation benefit both value and rental returns. In terms of volatility, investing in properties promises you steady returns over a long period of time. According to the National Council of Real Estate Investment Fiduciaries (NCREIF), commercial properties provided almost 8.4% returns in ten years (2000–2010). This is because unlike stocks and bonds, real estate is a stable and risk-free industry. Rental Income: With sole rights to your asset, you choose who, when and how much you would like to rent your asset for. This allows you to choose the right time to sell whilst making a return, offset mortgage costs and given the stability of the asset, the rental return is secure and easy to forecast. How is the overseas property market affected by Brexit? The overseas property market is affected by Brexit in five main areas: Currency, tax, visas, mortgages and pensions. Currency, as touched upon above: Brexit is a nuisance in the press, however it is not damaging currency as much as anticipated. Either outcome of Brexit will damage the pound mostly, the eurozone will only suffer minor tremors. Tax: Taking France as an example, capital gains tax is a set rate for all EU states. Non-EU investors are subject to a social charge on top. The
4 reasons why Florida is the ideal holiday home location
If you’re looking for one of the best spots to invest in a holiday home, Florida is a great pick. In the south-east region of the United States, it juts out into the Gulf of Mexico and has a truly exotic feel. Many people choose this state to buy a holiday home in and it is one of our favourites at Halcyon Developments too.
Paris, for the art of it!
There are many reasons why people consider holiday homes in France. One reason is that of the culture. Whether or not you buy an investment property in Paris, it is likely that you and anyone else who stays here will venture to the capital at some point. This is a city that has so much to offer, and one thing it certainly has in abundance is art! So, let’s take a look at the galleries to explore…
Explore these hidden gems in Florida when you purchase your holiday home with Halcyon Developments
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Embrace the vibrancy of life with a holiday home in Miami
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Live like Hemingway with partial home ownership in Florida
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Limoges’ culinary highlights
One of the most wonderful things about holiday home ownership in Limoges is being able to truly immerse yourself in local culture and custom. Without a doubt, one of the best (and most delicious) ways to do this is to understand local food. Limoges cuisine has a reputation for being rather austere, but a little investigation reveals a wealth of glorious produce that is just waiting to be part of your time away.