Newsletters

We hate to say “Goodbye!”

IMPORTANT – PLEASE READ Many of our valued subscribers have already “opted-in” to receive our new style Newsletters. We don’t want to miss anyone and believe that you have yet to make the switch. So, we thought it wise to re-send our original message to give you what will be the last opportunity to keep up to date as we will be sending the first of our next generation of Newsletters on Tuesday next but ONLY to those that have “Opted-in” to receive them as that is the law! We love staying in touch with you because… We’ve heard that what we’ve shared over the years has helped so many with their overseas property decisions. But, now there’s a new kid in on the block, the General Data Protection Regulation, “GDPR” to its friends. It’s designed to give us all greater control of how our data is used and stored, including what is sent to us. Simply Overseas supports this because it means we’ll only be talking to you because you want us to. What’s not to like? What next? Choose to keep in touch and we can carry on talking to you. Why? Because for us, it’s never been about data. It’s always been about making real life differences for people. We exist to help you make better decisions when it comes to buying property in either Spain or Cyprus. We do this by providing relevant, engaging and thought provoking information at the right time. If you find our updates helpful and would like to continue to receive them, simply click the button below, where you can “opt-in” to continue receiving our Newsletters. If you choose not to, we’ll no longer be able to email you after 25th May 2018. We are as committed today to the privacy of your data as we’ve always been, so we will not share your information with any third party without your consent or if it is required by law. So long, farewell… If this is goodbye, thank you for your custom and your company. It has been a pleasure. Or see you soon… If you decide to stay in touch (and we really hope you do) we can promise new and innovative information and services. With your help, we’ve become a good firm that has helped so many of people over the past 35 years or so; with your continued support, we can become a better company that helps many more. Warmest regards Christopher and Helen Morris Owners and Directors


Trends for 2018 – April Newsletter

Trends for 2018 Last year was a brilliant year for tourism in Spain and travel insiders have said that early bookings for 2018 are already higher than normal. A study by booking.com reveals that “in 2018, rental homes are going to be particularly popular” as “One in three travellers say they’d prefer to stay in a holiday rental (a holiday home or apartment) over a hotel”. 25% of people surveyed plan to do a group holiday in 2018, which is up from 21% in 2017. These predictions are great news for the rental business and also for the tourism industry in Spain, particularly the Costas. Not only that, they bode extremely well for the strength of the property market as Spain retains its’ position as a market leader! Water reserves in Andalucia alone have increased by more than 200 billion litres The recent rain has gone a long way to reverse the effects of the last five years, in which rainfall was below average. (Don’t panic, although Spain has had a lot more rain than in recent years, the weather has remained significantly better than back in dear old Blighty – we were in shirt sleeves when down there in March!) The Junta has said that additional water reserves would allow authorities to change the measures currently in force regulating the use of the existing supply in the Malaga province. The rain has brought welcome relief to the area’s gardens and farms, as well as those who were worried about the lower-than-average levels in reservoirs. Open Days Our international property Open Day is back in Shrewsbury this month – so why not put the date in your diary so you don’t miss out on the remaining bargains and get reliable information and advice from your local specialists. Simply Overseas Open Days help you make sense of the wide range of Villas, Townhouses and Apartments and other property for sale in our chosen locations in Spain & Cyprus. Whether you’re looking to buy property in Costa Blanca, Costa del Sol, Costa Almeria, Tenerife, Paphos or south-east Cyprus our Open Days provide invaluable help when considering buying holiday, retirement, relocation or investment property especially if you’re not sure how to go about it safely. They give an overview of the areas we cover, the types of property available, the legal background and masses of tips and other useful information. Why not come along and take a look, there is no charge, no pressure and no obligation; just friendly help and advice from the local family firm you know you can trust! “Open Day” Sunday  22 April 2018 The Lion Hotel, Wyle Cop, Shrewsbury, SY1  1UY 11am to 3pm If you can’t make the date, take advantage of a “Personal Presentation” to your preferred area? Appointments are available at your own home and are completely informal with absolutely no obligation or pressure; remember we have never worked that way in over 30 years! To make an enquiry or request a personal presentation CLICK HERE We always welcome feedback from those interested in overseas property. If you have any comments or thoughts on anything in this issue, or any other matter, we would love to hear from you. Please send us an e-mail to sales@simplyoverseas.com or telephone 01743 343634


Good news all around! – March 2018

9.3% growth in Spanish property market forecast for 2018 The upward trend in Spanish property sales continues and prices in Spain are expected to rise further in 2018. It has been estimated that 526,000 properties in Spain will be sold in 2018 – that’s a 9.3% increase on sales in 2017. Data from Anticipa also found a 21% increase in home sales between 2016 and 2018. Such growth will mean an average national price increase of 6.1%, which is slightly lower than the 6.9% price increase registered in 2017. It’s no wonder really, Spain has never gone out of favour with British property buyers and this combined with sales to many other nationalities adds further strength to the market. Spanish economy continues on a steady path of growth Spain’s credit rating has been upgraded to A- by the leading ratings agency, Fitch. Four years after the financial crisis hit, Spain was downgraded to a ‘B’ rating. However, Spain now has one of fastest growing economies in the EU. GDP is expected to grow in 2018 and unemployment has been steadily falling for the past 3 years. This new credit rating is confirmation of Spain’s growing economy and improving fiscal health. Meanwhile Cyprus Property News have headlined recently with Strong growth in Cyprus property prices The RICS Cyprus Property Price Index for Q3 2017 reports strong growth in property prices across the island with an annual increase of 7.4% in apartment prices and a 4.2% increase in house prices. Prices of holiday homes over the quarter also rose with the prices of apartments rising by 2.5% and houses rising by 1.80%. Limassol reported the highest rise in holiday apartments with an increase of 4%, while Paralimni reported the highest quarterly rise for holiday homes at 2.9% Open Days Our international property Open Days return to Shrewsbury next month – so why not put the date in your diary so you don’t miss out on the remaining bargains and get reliable information and advice from your local specialists. Simply Overseas Open Days help you make sense of the wide range of Villas, Townhouses and Apartments and other property for sale in our chosen locations in Spain, Canary Isles & Cyprus. Whether you’re looking to buy property in Costa Blanca, Costa del Sol, Costa Almeria, Tenerife, Paphos or south-east Cyprus our Open Days provide invaluable help when considering buying holiday, retirement, relocation or investment property especially if you’re not sure how to go about it safely. They give an overview of the areas we cover, the types of property available, the legal background and masses of tips and other useful information. Why not come along and take a look, there is no charge, no pressure and no obligation; just friendly help and advice from the local family firm you know you can trust! “Open Day” Sunday 25 February 2018 The Lion Hotel, Wyle Cop, Shrewsbury, SY1 1UY 11am to 3pm Thank you for taking the time to read this newsletter. We always welcome feedback from those interested in overseas property. If you have any comments or thoughts on anything in this issue, or any other matter, we would love to hear from you. Please send us an e-mail to sales@simplyoverseas.com or telephone 01743 343634


Which is your favourite area? – February 2018

Which is your favourite area? That’s a question we are frequently asked and one we find almost impossible to answer as we love so many and are confident in working with all the areas we promote. So, we thought we should start 2018 off with a look at our preferred areas, one by one. We’re going to begin with the Paphos area of western Cyprus. Cyprus has been popular with British buyers for decades and the market has certainly been turning around quite nicely in recent times. Cyprus Property News headlined recently with… 2017 a better year for property sales For the fourth consecutive year Cyprus property sales volumes rose during 2017 according to the latest official statistics published by the Department of Lands and Surveys in Nicosia; rising by a very good 24 per cent. This follows an annual rise of 43 per cent in 2016, 9 per cent in 2015 and 20 per cent in 2014. Rather than writing this newsletter entirely by ourselves, we sought input from our local business partner, based in Paphos itself, so here we go… “Winter is still in the background in the UK but in Cyprus, despite a few occasional unsettled days, everywhere is a lush green, the sky is clear blue and the temperatures are reaching 20 degrees. Paphos is looking especially good after all the major improvements and excellent modernisation projects over the last 2 years; also being the European City of Culture in 2017 was hugely successful with tourism up by 20%. Property prices have been stable for 2 years but now we are seeing increases of 3-5% and Estate Agents are much busier so everything looks very positive and Cyprus is a good place to invest. So why not take advantage of the lower prices this time of year and fly away, enjoy the warm Cyprus Winter, have a therapeutic break, even ski in the Troodos Mountains, whilst you look at our large range of properties and find your own Place in the Sun at a BARGAIN price?” So, let’s look a little closer at CYPRUS Whether you are looking for a holiday home, investment property or permanent residence Southern Cyprus should be a serious consideration.  They say that no one visits Cyprus ONCE and it’s probably true – you feel so comfortable there and it has so much to offer. Lifestyle Life seems so much easier in Cyprus.  Maybe it’s driving on the same side of the road, 300 days of sunshine, English being widely spoken or that the road signs are in English as well as Greek. Very importantly Taxation, Crime, Rates, Fuel and Cost of Living are all much lower  As a commonwealth country all the important systems such as: Legal, Electricity, Water and Telecommunications were put in place by the British which means for example you can safely drink the water, they even change from summer to winter time the same as us. The Island Visit the Troodos Mountains and wonderful pine forests for inexpensive ski-ing in winter; beautiful sandy beaches like Coral Bay and Corallia beach; the Akamas National Park offering stunning scenery and traditional villages.  Amazing archaeological sites and in Paphos, the best Mosaics in the Mediterranean, Churches and Monasteries which leave you inspired by their beauty and fine architecture. Discover the lovely Sea Caves and unspoilt Lara Bay where the Green Turtles lay their eggs and spend a pleasant hour or two walking around picturesque Paphos Harbour with its assortment of boats, shops and historic castle or just sit with a refreshing drink and soak up the atmosphere. Paphos Paphos and the surrounding area are surprisingly green and is the only part of the island where you will find the lush green foliage of banana trees, citrus fruits, olive trees and acres of vines. Add to this the picturesque harbour with its mediaeval fort, some of the best mosaics in the Mediterranean and various other historical and archaeological sites, and you have a place close to perfection. Oh, it’s a World Heritage Site too! There are some lovely beaches too, at Coral Bay and Corallia Bay, plus secret ones to discover. Then travel 5 or 6 miles to see the wonderful rock formations at the sea caves and the small fishing harbour of St. George’s, with its ancient church and excellent fish restaurant, well used by the locals. Travel on to Lara Bay where the green turtle visits its fine unspoilt beach and then on to the national park area of The Akamas to explore the natural beauty. Paphos has its own international airport which is just a 10 minute drive from the town. With museums, good shopping, cinemas, a water park, international restaurants, traditional tavernas and loads of night-life facilities that are open all year, you have a community where locals and visitors mix, not simply a holiday resort. There are at least 15,000 permanent British residents in and around Paphos who have found this wonderful ‘treasure’ of a place. Locations We have properties and projects in Kato Paphos which borders the coastline, Paphos town and outlying villages stretching from Pissouri across to Polis (including Konia, Anarita, Timi, Mandria, Armou, Anavargos, Mesogi, Mesa Chorio, Trimithousa, Tsada, Empa, Tala, Kamares, Stroumpi, Giolou, Kathikas, Nata, Arodes, Prodromi, Yeroskipou, Droushia, Peyia, Kissonerga, St. George’s and Coral Bay). Here’s a link to our property listings page, just click and take a look! Why use Simply Overseas? Quite simply you can trust us.  We have been working in Cyprus for around 20 years and are immensely proud of our good name.  Our services are free to you and without obligation.  Simply Overseas offers “The Personal Touch”, taking care of you throughout your property search, during the buying process, afterwards and is completely free of any sales pressure. Why not give us a call to talk things through a little further? The Cypriot Government has decided to retain the 50% discount on Transfer of Title Deeds Tax indefinitely which is a huge saving. Open Days COME


Useful tips for the security of your overseas property – January 2018

Useful tips for the security of your overseas property As we start the New Year we thought it might be timely to share some tips with you to secure and maintain your holiday home when you are not there. So, here goes. Lock all Windows and doors Take time to check that all of your windows and doors are locked before you leave, to deter thieves. Many people prefer to secure their property using reinforced doors and modern locks. However there are also other security measures you can take that are less costly, such as installing light timer switches. Turn off the Water supply and consider leaving some heating on A common reason people make an insurance claim (we trust you have insurance cover in place) is due to escape of water. You should turn your water supply off and drain any fixed water tanks and pipes, as well as keeping the heating on a low temperature (15 °C) to stop pipes freezing and bursting. To avoid pipes bursting in the roof space, you could leave the loft hatch open so the warm air can circulate through the house with ease. Get assistance from your neighbours A lot of property owners look after each other – some of them water each other’s plants and pick up the post, so you could do the same? If you get on well with your neighbours, they’ll probably be more than happy to keep an eye on your house and contact you if they suspect any damage during uninhabited months. This means you may address any issues straight away and prevent the possibility of greater damage. Tidy exteriors Barbecues and drinks are great in the summer, but you shouldn’t leave any kind of furniture or equipment in the garden, balcony or terrace which could indicate to burglars that you’re not there. This can encourage them to take any garden furniture & equipment or even break into the property. It’s best to leave these exterior spaces free of accessories and decorations. Burglars use social media too Features of modern life like smartphones and social media are helping us stay connected with work and family but can also be a useful tool for burglars. Limit the information you share about your routine, personal data or your forth-coming trip. As much as your friends & family enjoy seeing your holiday photos, try to resist sharing them until you’re back home. Safe house keys We’ve all been tempted!  People often hide their spare key under the mat, behind a pot or next to a rock but it can be a common mistake to hide your spare key near the front door, as it can increase the risk of a theft. If the reason you do this is because you’re worried about losing or misplacing your keys, then it’s better to leave one with a friend or neighbour who can be trusted Make an inventory It might be sensible to make an inventory of all the electrical & technological goods you leave behind at your property. Detail brands, models and serial numbers of each valuable item, as well as taking photos, because this can help the police to find them if they are stolen. We hope you found at least some of this useful, we’ll be back soon with more up to date information on the property markets in which we operate. Meanwhile, our winter events re-start next week and here are the details you need. There’s so much happening now in the world of overseas property that you ought to attend if you really want to find out what on earth is going on – it’s probably much busier than you realise! Open Days They help you make sense of the wide range of Villas, Townhouses Apartments and other property for sale in our chosen locations in Spain & Cyprus. Whether you’re looking to buy property on the Costa Blanca, Costa del Sol, Costa Almeria, Paphos or south-east Cyprus our Open Days provide invaluable help when considering buying holiday, retirement, relocation or investment property especially if you’re not sure how to go about it safely. They give an overview of the areas we cover, the types of property available, the legal background and masses of tips and other useful information. Our preferred locations have retained their popularity and the markets continue to improve. Why not come along and take a look, there is no charge, no pressure and no obligation; just friendly help and advice from the local family firm you know you can trust! Sunday 28, January 2018 Park Inn by Radisson, Forgegate, Telford Centre, Telford, TF3 4NA 11am to 3 pm Sunday  25, February 2018 The Lion Hotel, Wyle Cop, Shrewsbury, SY1  1UY 11am to 3pm


Here’s to a very Happy Christmas and a stunning New Year under the Mediterranean Sun!

SO MUCH TO BE HAPPY ABOUT THIS CHRISTMAS We’re on the way as far as Brexit is concerned! And as we have believed all along, Citizens Rights are to be protected in both directions according to today’s major announcements! Business has been better for the last couple of years despite Brexit; now the doubting Thomas’ will probably come off the fence and join the queue to buy a property in Spain or Cyprus. The shame is that prices have kept rising in most areas so it will now cost a bit more for, but it is never too late to make your dreams of a home in the sun come true as so many of our clients have done in recent years. Indeed, we’re so proud of those that have shared our confidence so far. We’re now really looking forward to a truly great 2018! Read more from the BBC by clicking here Great news from “Property Wire” Sales and prices see strong growth in Spain with years of further rises predicted Residential property sales in Spain have recorded a robust rise of 8.6% in the 12 months to September with prices up 2.4% over the same period, according to the latest figures to be published. By property type, apartment sales went up by 7.7% and prices by 8.9% but new build sales fell by 1.9% while detached home sales saw an annual increase of 12%, the data from the Association of Spanish Notaries shows. The average square metre price of properties bought in September was €1,331, some 2.4% higher than the same month last year. The price of detached homes increased by 1.4% and apartments by 3.8%. It comes at a time when mortgage lending is also rising. The data shows that in September the average loan was €163,330, some 4.6% higher than 12 months earlier while lending to buy a home went up by 8.2% while those for other properties rose by 1.4%. The six most watched house price indices in Spain are all indicating that the market has recovered. The Fomento index based on valuations was up 2.7% in the third quarter of the year, the Association of Spanish Registrars up 6.82%, Notaires up 2.4% in September, Idealist up 5.6% in November and Tinsa up 4.3% in September. The price data published in November was the most positive in more than a decade. If the current cycle performs like the past, we can expect several years of rising Spanish property prices ahead. Cyprus Property News have headlined recently with November property sales up 39% in Cyprus Property sales in Cyprus rose 39% in November compared to last year with sales increasing in all districts according to official figures from the Department of Lands and Surveys. This rise follows a rise of 18% in October, 8% rise in September, and a 27% rise in August. During November a total of 906 contracts for the sale of residential and commercial properties and land were deposited at Land Registry offices across Cyprus, compared with the 651 deposited in November 2016. During January to November 2017 the number of contracts for the sale of property deposited at Land Registry offices has risen 21% to 7,197 compared to the same period last year. It is believed that property sales have been encouraged by the reduction in Property Transfer Fees, the abolition of Immovable Property Tax. Non-EU citizens wishing to obtain residency or a Cypriot passport are taking advantage of two government schemes. Open Days Our international property Open Days recommence next month – so why not put the first date in your diary so you don’t miss out on the remaining bargains and get reliable information and advice from your local specialists. Simply Overseas Open Days help you make sense of the wide range of Villas, Townhouses and Apartments and other property for sale in our chosen locations in Spain, Canary Isles & Cyprus. Whether you’re looking to buy property in Costa Blanca, Costa del Sol, Costa Almeria, Tenerife, Paphos or south-east Cyprus our Open Days provide invaluable help when considering buying holiday, retirement, relocation or investment property especially if you’re not sure how to go about it safely. They give an overview of the areas we cover, the types of property available, the legal background and masses of tips and other useful information. Why not come along and take a look, there is no charge, no pressure and no obligation; just friendly help and advice from the local family firm you know you can trust! “Open Day” Sunday  28 January 2018 Park Inn by Radisson, Forgegate, Telford Centre, Telford, TF3 4NA 11am to 3pm Thank you for taking the time to read this newsletter. We always welcome feedback from those interested in overseas property. If you have any comments or thoughts on anything in this issue, or any other matter, we would love to hear from you. Please send us an e-mail to sales@simplyoverseas.com or telephone 01743 343634


Shrewsbury overseas property Open Day

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Simply Overseas Newsletter – September 2017

The decision to leave the European Union should not put people off buying property in popular European hotspots, according to a Shropshire based overseas property expert. Even with the Brexit vote, Brits are still heading to the sunny shores of Spain, Tenerife and Cyprus as they seek the holiday lifestyle on a more permanent basis. Christopher Morris, director of long established Shrewsbury firm Simply Overseas, was selling property in Spain and Cyprus even before either country joined the EU and has reassured people interested in buying overseas that Brexit should not put them off. Now, Mr Morris will be on hand to give property hunters his expert advice on how to secure their dream home in the sun. He said continuing value for money in Mediterranean property prices and more stable than expected markets post Brexit have made buying a place in the sun extremely attractive. Now, Simply Overseas will hold another open day on September 24 at the Park Inn by Radisson, Forgegate, Telford Town Centre. Mr Morris, who has been working in the local property industry for more than 35 years, said: “Brits still buy in plenty of countries that are nowhere near the EU either geographically or politically, so there should be no significant issues once we have left ourselves. “Life will go on and with tourism and property sales being of huge importance to most Mediterranean countries, they too will want us to continue buying. “We want to be on hand to guide those who want to buy in Europe through the process and help them realise their dreams. “Perhaps you want first class entertainment on your doorstep or to set up home in the heart of a quaint, traditional village. “One way to find out what you need to know to buy safely is by visiting our Open Day on Sunday 24 September. “We will take you through all the facts to give you a much clearer idea of what the process is about and your realistic options. “Simply Overseas  can help you realise your dream, whether you are after a villa to seek refuge twice a year, an apartment for investment purposes or a place to spend your twilight years.” If you have ever dreamt of owning your own property a stone’s throw from beautiful sandy beaches, azure waters and spectacular mountains then make sure you seek out the advice of Simply Overseas. The company offers a wide choice of property, ranging from apartments and townhouses to luxury semi-detached and detached villas. There are properties in fine locations to suit every taste and budget. The event will focus on Spain, Tenerife and Cyprus and takes place between 11am and 3pm on September 24 at the Park Inn by Radisson, Forgegate, Telford Town Centre, TF3 4NA. For more information, call Simply Overseas on 01743 343634 or email sales@simplyoverseas.co.uk Thank you for taking the time to read this newsletter. We always welcome feedback from those interested in overseas property. If you have any comments or thoughts on anything in this issue, or any other matter, we would love to hear from you. Please send us an e-mail to sales@simplyoverseas.com or telephone 01743 343634


Mediterranean Magic – May 2017

After an extremely busy spring season we are taking time for a breather and reflecting a little on the undoubted progress being made in the overseas property markets. In this edition of our newsletter we are featuring just a couple of our lovely destinations and hope they will inspire you to have a word with us to find out at least a little more so. You can make informed decisions when you are ready to buy our dream home in the Mediterranean sun. Nerja & La Axarquia, Costa del Sol, Spain We’re biased, of course, as this is where we bought our first overseas property and still return there several times a year. Indeed, we love it so much we are almost at the end of our planned refurbishments and can’t wait to return for our main holiday in early July, just before the peak of the season. Taking Malaga as being mid-way along the Costa Del Sol, La Axarquia is the Eastern most district of this wonderful area. There is rapid access from Malaga Airport along the Motorway. The area, stretching eventually to Almeria, has a totally different appeal to perhaps the more famous and certainly busier, Western Costa del Sol towards Marbella and Gibraltar. The coastline is often broken up by small coves and is relatively undeveloped while the interior offers excursions to the delightful white Andalucian villages and even to the great historic city of Granada – with one of the “Seven Wonders of the Ancient World” – The magnificent Alhambra Palaces! La Axarquia, both coastal and inland, offers a wide range of locations and property types but in a much less developed and quieter setting than elsewhere. The landscape is beautiful and at times awesome! Nerja sits in a valley of orchards, best known for its peaches and pomegranates. Being set among tall cliffs overlooking rocky coves has given its reputation as the Jewel of the Eastern Costa Del Sol. Its name is taken from the Moorish word “naricha,” which means “abundant spring.” If you would like a copy of our guide to this glorious area, please let us know and we’ll get one flying over to you straight away. 4 Bed Semi-Detached in Torrox Park FOR SALE: € 249000 Torrox is the neighbouring “White Village” to Nerja and is a joy in it’s own right and worthy of serious consideration too. This great value property features: Barbecue, Communal Garden, Tennis Court and large Swimming Pool, well fitted kitchen, private garden, private terrace, walking distance to cafés, shops and the wonderful sea front “Paseo Maritemo” (Promenade). Cyprus We bought our second property in Cyprus almost a decade ago and love it too. We’re often asked which country we prefer. That’s a tough one – a bit like asking which of your children you love the most. The reality is we love Spain and Cyprus but in slightly different ways as each has its own character and appeal. Perhaps chalk and cheese in some ways and we can’t really say as it’s so much down to personal preference. We can certainly make a strong case for each! Cyprus is a unique place to reside and an attractive place to do business. Real Estate in Cyprus has proven increasingly popular to foreign investors which consist of 25% of the island’s investors. These individuals, looking to invest through Real Estate, take advantage of Cyprus’: Unique strategic location Enviable Mediterranean lifestyle Efficient EU Citizenship and Permanent Residency Programmes Excellent infrastructure and first-rate tourism infrastructure High standards of healthcare and education Modern airports with connections to all major destinations The most favourable incentives in the area of taxation: Zero Property Tax Zero transfer fees 5% reduced vat policy for first property purchase Lowest corporate tax Significant gas reserves in Cyprus’ exclusive economic zone and the creation of the largest European casino in Cyprus will contribute significantly toward the growth of the island’s economy, and will attract a high net worth individuals and tourism. Beautiful Traditional style 3 bedroom link detached villa in quiet Vrysoulles village location. FOR SALE: € 185000 Set on a friendly development of villas, bungalows and town houses, close to the school and local amenities of the village of Vrysoulles, this villa is ideal for both holidays and permanent residence. The front garden has been carefully planned to offer a shaded area by the swimming pool as well as space to soak up the sun. To the rear is a second patio offering privacy and shade. Inside the homely living area with built in stone fireplace is separate from the kitchen and the ground floor bedroom is currently used as an office with direct access to the front patio. There is also a guest wc at ground floor level for convenience. Upstairs are 2 double bedrooms, both with fitted wardrobes and traditional style beamed ceilings and the master bedroom has a large private balcony. A truly unique home in the sun which must be viewed to be fully appreciated. Vrysoulles A quaint village surrounded by orange groves and olive trees, Vrysoulles has all amenities including shops, bank, pharmacy, schools and some of the best tavernas in the area. It has been popular for many expats who have invested in property. At the top of the village is the British Military base of Ayios Nicolaos which leads to the border checkpoint enabling access to and from Northern Cyprus. Open Days Our international property Open Days recommence after the summer holidays Simply Overseas Open Days help you make sense of the wide range of Villas, Townhouses and Apartments and other property for sale in our chosen locations in Spain, Canary Isles & Cyprus. Whether you’re looking to buy property in Costa Blanca, Costa del Sol, Costa Almeria, Tenerife, Paphos or south-east Cyprus our Open Days provide invaluable help when considering buying holiday, retirement, relocation or investment property especially if you’re not sure how to go about it safely. They give an overview of the areas we cover, the types of


What will the UK General Election mean for your international money transfers?

What will the UK General Election mean for your international money transfers? Despite all suggestions to the contrary, interest in buying property in Spain and Cyprus continues to grow, as we have seen at all of our events so far this year. One matter that can seriously affect the cost of purchasing your dream property in the sun can be exchange rates which need to be factored in to your calculations and we have a simple solution for you. We have worked with specialist foreign exchange providers, HiFX, for very many years and are pleased to reproduce an edited version of their latest comments for your interest. Last week’s surprise announcement by Theresa May prompted quite a reaction in the Pound, rising almost 3% against the Dollar to a six month high. This was one of Sterling’s best days since the EU Referendum last June, causing banks such as Deutsche Bank and Credit Suisse to scrap their predictions that the currency would weaken further this year. They’ve taken a look at what could happen in the coming weeks and some areas that you may wish to keep an eye on when planning your upcoming international money transfers. Why is the Pound rising? It is believed that the Pound strengthened due to expectations that the General Election could result in a significantly larger majority for the Conservatives. Electoral Calculus, for example, is predicting that Theresa May could increase her majority from just 17 to 134. Some claim that this would allow May to disregard the more Eurosceptic members of the party, who could seek to prevent a more phased approach or a softer Brexit. There are also suggestions that holding the election now could strengthen May’s position in the final phases of Brexit negotiations. Previously, the next General Election was due to be held in 2020, not long after the scheduled conclusions of talks. This means that there was potential for EU leaders to use an impending election to put pressure on Theresa May. Holding an election now instead removes the possibility of this happening. Will the Pound continue to rise? While the recent polls give the Conservatives a 21 point lead, the decision to hold an election is not without risk. For example, the Liberal Democrats are expected to campaign on an anti-Brexit platform, which could appeal to Remain voters who are opposed to the current ‘hard Brexit’ approach. Elections have a tendency to bring uncertainty, which can cause unexpected fluctuations in the currency markets. If, for example, the polls start to become less favourable towards the Conservatives, this could have the potential to pause or reverse Sterling’s recent gains. Events overseas, such as the upcoming French elections and the EU Brexit summit at the end of this month, could also cause some short term volatility. What factors could influence exchange rates? There are a number of areas that could make a difference to exchange rates, with the potential to strengthen or weaken the Pound. Some areas to look out for include: Polls: after Sterling’s sudden gains on the back of assumptions that the Conservatives will win the election with a much larger majority, expectations begin from a high point. This potentially means that a narrowing of the Conservative lead could cause the Pound to weaken if it starts to seem less likely that Theresa May will secure a significantly larger majority. Equally, an increased lead could support Sterling’s strength – although this seems less likely, considering Theresa May’s 21 point lead is above even when Tony Blair called the 2001 election. The Economy: this is always relevant to whether a currency is expected to strengthen or weaken. A fast growing economy typically attracts foreign investment, rather than a slow growing or contracting economy. This global flow of money has an impact on exchange rates. The UK economy has so far outperformed forecasts by the majority of economists following the Brexit vote, with unemployment falling to its lowest level since 2005, as well as strong consumer spending and a pickup in manufacturing activity. The Bank of England: at the most recent Bank of England meeting, one member of the Monetary Policy Committee voted for a rate hike, saying the economy didn’t need rates to be at 0.25% with inflation rapidly rising. The election adds an extra element of uncertainty into the economy that may cause other members to hold off joining their colleague in voting for higher rates, preferring to await the outcome. The markets reacted well to the last announcement, so a change in this approach could disappoint investors. Brexit plans: Theresa May’s last speech on Brexit called for a “clean Brexit” – which appears to be an alternative phrase for “hard Brexit”. This could be part of a negotiating strategy to say to the EU that she is only seeking a deal on trade, to limit their leverage over the UK. It is possible that election campaigning might reveal more about the government’s actual preferences for the Brexit outcome, impacting the Pound. For example, any softening or hardening stance on freedom of movement is likely to influence market perceptions of a positive or negative outcome for the economy when the UK exits. What does this mean for my money? Whatever your foreign exchange requirements, HiFX could help you to make the most of your money or provide peace of mind during periods of potential volatility. Rather than studying all the headlines, their rate alerts can help you to monitor the markets to spot a favourable rate. Simply log in to your account and select Tools and they’ll email you when the rate hits your target amount. If you spot a rate that you are comfortable with, there are a few options available to you with a HiFX account: Make a transfer online, 24 hours a day, seven days a week. For transfers of over £10,000, you can set up market orders, so your transfer is completed automatically when the market hits a certain rate. You can also create


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