October 31, 2009

Escape From America Without Leaving America

By: Jim Scherrer

As we all know, Christopher Columbus, while searching for China, first discovered the Americas when he arrived in San Salvador in 1492. On his second voyage, he landed in the Caribbean Islands, and on his last voyage in 1498, he arrived in the area of Venezuela. In 1497, the Italian sailor Giovanni Caboto (John Cabot), exploring on behalf of England, landed in Labrador and Newfoundland. Unfortunately, neither of these sailors was very well educated nor inclined to thoroughly document their voyages.

In 1499, an educated Italian named Amerigo Vespucci joined a Spanish fleet and sailed to Venezuela. A few years later, the king of Portugal enlisted Vespucci to pilot another voyage to Brazil and by 1508, the voyages that Vespucci participated in were well documented. Although Amerigo Vespucci was a relatively insignificant person and had never led an expedition or discovered anything, his name appeared on much of the documentation and many of the New World land surveys.

Using all of the freshly generated documentation, a German cartographer named Martin Waldseemuller prepared the first map of the New World in 1507. With documentation prepared by Amerigo Vespucci as his guide, he merely used the word Americus, the Latinized version of Amerigo, to indicate the New World. Consequently, the entire Western Hemisphere eventually took on the name Americus which later became known as the Americas. It probably should have been called Columbus or Cabot but it could have been even worse; just imagine, The United States of Vespucciville!

Before we get too far into this article let's first define "America". The Americas are the lands of the Western hemisphere or New World, comprising of the North American and South American continents with their associated islands and regions. Today, in the minds of most United States citizens and for that matter, in the minds of people throughout the world, the term "America" refers to the United States of America; however, that term is open to debate. For the sake of this article, we'll be referring to the United States of America when we use the term "America".

The next term that we must accurately define is "North American"; all too often we think of North Americans as those from the United States and Canada. Again, that's a misnomer because North America actually encompasses the entire North American continent which includes the US, Canada, Greenland, Mexico, Central America, and the Caribbean Islands. Therefore, "North Americans" are those residing anywhere in the North American continent. However, for the sake of this article, we'll be referring only to those from the US and Canada as "North Americans".

Typically, when we think of escaping from America, we're referring to Americans emigrating from the United States to some other locale. With the current depressing state of the economy, politics, crime rate, standard of living, etc., there are numerous reasons why US citizens are more interested than ever in retiring abroad (beyond the boundaries of one's own country). Today's broad availability of inexpensive international telephone, Internet, satellite TV, transportation, medical care, etc. have essentially eliminated the primary reasons for retiring and remaining in the US.

Now, more than ever, with the numerous reasons why one might desire to escape from America, the question is; where in the world would be the most logical retirement destination? Most would agree that it would be somewhere that has a lower cost of living without compromising on the standard of living, someplace that has relatively close proximity to the U.S., a safe and clean place where English is understood, etc. Other important criteria for retirement include the size of the community of like minded North Americans (US and Canadian citizens), the availability of activities for retirees, of world class medical care, fine dining, telecommunications, etc.

Most travel and retirement magazines list a number of wonderful retirement havens in the Americas including Costa Rica, Panama, and Ecuador. Although all espouse fine climates, beautiful scenery, low costs of living, etc, Mexico generally tops the list. Many of these locations are either too far away or lack all of the amenities that North Americans are accustomed to and require whereas certain Mexican retirement havens have all of the required prerequisites for North Americans retiring abroad.

After residing in Puerto Vallarta, Mexico for almost 13 years, we can state emphatically that PV has it all! During the past decade of growth in Puerto Vallarta, the city has more than doubled in size with its infrastructure being completely upgraded to current international standards. Every amenity that one would expect in a city of 350,000 inhabitants can be found in Puerto Vallarta.

Regarding Vallarta's proximity to America, please refer to the North American map below. You might be amazed to see that PV is approximately the same distance from Chicago, Minneapolis, and Portland as New York is from Houston, Dallas, and Denver. Relatively speaking, cities such as Houston, Dallas, Phoenix, and Los Angeles are virtually next door to PV. Another factoid; Puerto Vallarta is nearer El Paso, Texas than is Texarkana, Texas.

For comparison's sake, let's consider Maui, Hawaii which lies on the same latitude as Puerto Vallarta and obviously has an ideal winter climate. However, Vallarta's winter weather is better; during the seven month period of November through May, the average daily temperature in Vallarta is 73°F with virtually no rain whereas Maui's average temperature is about the same but with more than two inches of rain per month. Needless to say, as great as Maui is, traveling to and from there is quite expensive and time consuming; retiring there could be cost prohibitive.

North American Continent

North American Continent

This map puts the whole concept of moving abroad into a totally new prospective. With the many advantages that Vallarta has to offer, including its proximity to the US, it's quite obvious why approximately 50,000 Americans (those from the US) have escaped from America and now call Vallarta home. The fact is that their new home is still in America (the North American continent) and generally a short 2-3 hour flight away from their family and friends. 

In summarizing, now you know how you can escape from America without leaving America. Puerto Vallarta still has all the charm of a Mexican fishing village yet now has all the amenities necessary to make it one of the finest retirement destinations in the world. Just pack up your bags and head south to PV this winter and find out for yourself, but do so with caution; you'll not want to return home! 

Jim Scherrer has owned property in Puerto Vallarta, Mexico for 26 years and resided there for the past twelve years. The mission of his series of 70 articles pertaining to retirement in Puerto Vallarta is to reveal the recent changes that have occurred in Vallarta while dispelling the misconceptions about living conditions in Mexico. For the full series of articles regarding travel to and retirement in Vallarta as well as pertinent Puerto Vallarta links, please visit us at PVREBA.

Filed under Press Releases by on . Comment.

October 28, 2009

Passport demand drops

With more and more Brits choosing to holiday at home in these credit crunched times – 12 million stayed close to home this year rather than heading abroad – the demand for passports has fallen dramatically…

Just 5.23 million passports were issued in the year 2008-9, compare to 6.2 million in 2006-7. The cost of passports and the increasing trend for holidaying closer to home has seen the demand for passports fall by more than 10 per cent over the past two years.

The increase in passport prices is also putting UK holidaymakers off renewing until the last possible moment before a trip.

The cost of an adult passport has increased from £66 in 2006 to £72 in 2007. With another rise earlier this year, the price currently stands at £77.50. Thus, renewing a family of four’s passports could cost in excess of £300.

Home Office Permanent Secretary Sir David Normington said, “What has been happening in the last two years is that demand for passports has been falling and we think that is because, as the recession has come on, people are delaying renewing their passports.”

When compared to other holiday costs, such as cheap flights on budget airlines and bargain hotel rates – all of which have been falling to try and attract cash-strapped holidaymakers – the cost of passports seems ever higher.

I recently flew to Stockholm, Sweden for the weekend with my partner – our combined flights £60, Ryanair cost less than the renewal of one passport.

It’s the same story in the USA too. The U.S. airline industry is projected to carry 41 million fewer passengers in 2009, a decline that will continue through 2010, according to Boyd Group International. U.S. passenger levels may not again reach 2008 levels until after 2014.

Waiting times for a US passport have now been slashed by a quarter and there are 12 million requests for new passports rather than the predicted 17 million.

The Identity and Passport Service has also cut its staff due to the lack of passport demand.

For more information on overseas properties and the property market in general, please visit http://www.themovechannel.com/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information, please contact:

Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650

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A load of piffle?

In a bid to ensure a lasting legacy for London, Mayor Boris Johnson is in the middle of planning a £15 million monument to rival the Eiffel Tower, which will be built in the Olympic Park in time for the 2012 Games – but the tower already has its critics, who say that its design is going against Boris’ former pledges not to litter London’s skyline with any more tall buildings…

The 120-metre tower, which has been designed for the Olympic Park Legacy project in the city of London, will be funded by the steel magnate Lakshmi Mittal — Britain’s richest man.

The tower has attracted designs from some of the country's most famous artists, including former Turner prize winner Anish Kapoor and Antony Gormley, the designer of the Angel of the North, near Gateshead.

A panel is currently considering five designs and the winner will be revealed in two weeks time.

When Boris was accused of having an affair in 2004, he made comments about an ‘inverted pyramid of piffle,’- comments which have now coined the name ‘Piffle Tower’ for the new London structure.

The real name of the structure will be ‘Transmission’ and it will be six times taller than the Angel of the North and constructed from steel. With viewing decks overlooking Olympic Park, Transmission will be lit up at night and powered by solar panels.

The design is said to be inspired by an electricity pylon and will form part of a series of cultural programmes and artworks designed in honour of the 2012 Olympic Games.

Critics are already concerned that Boris is more interested in creating a lasting monument to his time as Mayor rather than creating a powerful piece for London. Recently, he talked of not littering the capital’s skyline with more tall buildings – a statement which seems to be contradicted by these latest plans.

For more information on London properties and the property market in general, please visit http://www.themovechannel.co.uk/property/england/inner_london/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information, please contact:

Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650

Filed under Press Releases by on .

October 26, 2009

London pride

London has opened up a brand new visitor centre to cater to lesbian, gay, bisexual and transgender (LGBT) tourists visiting the city – the Gay Tourist Office welcomed its first visitors to the Soho base at the end of last week and offer tailored information about gay events, activities and general tourist tips…

Following the trend of other European cities, the city of London has opened the doors to its first gay tourist office.

The centre, which is located at 30 Lisle Street, aims to provide a welcoming atmosphere in which to offer LGBT-specific information about the capital. It is the first office of its kind and hopes to support LGBT work all over the country, as well as supporting events and activities in London.

Centre Director Shaun Newport said that London has the best LGBT life in London. The Dutch capital of Amsterdam opened its first gay tourist information centre last month, and LGBT tourists planning to visit the capital can order a special gay Amsterdam information kit for free.

At the new Lisle Street centre in London, both foreign visitors and Britons will also be able to book tickets for London events and activities at the centre.

As well as the latest on gay London, the office will provide general tourist information on the city of London.

Mr Newport said, “Whether you have been here a lifetime, or have just stepped off the tube for the first time, we will give you advice on getting around.

“We want to show that London's exciting LGBT life is the best in the world.

“We will show off what our city has to offer to local, national and international visitors, as well as to Londoners old and new.

“The community has responded enthusiastically, lauding the centre's arrival. We have been too long without one,” he added.

You can find out more about the centre by visiting its website at www.gaytouristoffice.co.uk.

For more information on property in London and the property market in general, please visit http://www.themovechannel.co.uk/property/england/inner_london/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information, please contact:

Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650

Filed under Press Releases by on .

Overseas investing is back

International investors seem to be regaining their confidence in the overseas property markets – Primelocation has reported that searches for international property soared a whopping 32 per cent in September, compared to the same time last year – but buyers are still looking towards traditional, ‘safe’ locations…

TheMoveChannel.com’s September Top of the Props chart, which tracks the interest of visitors to the site and finds the most popular countries each month, found France had topped the props last month.

Primelocation’s findings tallied with those, with France, Spain, the USA, Italy and Portugal taking the top five places in their index, significantly outperforming the sixth to tenth placed countries.

Last month also saw search levels up 10 per cent compared to August, indicating that consumer confidence in overseas investment property has begun to return.

But, whilst confidence is coming back, investors are still wary of putting their money into less stable or well know locations, thus they are looking to well established countries with a history of stability.

The property portal’s international development manager, Ann Wright said, “Given the recent turbulence we have experienced, a certain amount of caution remains and interest is currently concentrated in the traditionally strong and established markets.”

In terms of sales, Ms Wright believes there could be a wait between investors’ intentions to buy and actual sales.

“Although property prices in the top three countries are attractive, having fallen substantially in the downturn, the pound is not particularly strong against the euro or the US dollar at the moment and buyers may hold off, watching the market for the most lucrative time to make the purchase.”

TheMoveChannel.com found that it wasn’t just residential investors targeting France – commercial investment property in the country was on the up too. The country is fast emerging as the second-most popular market after the UK following a static first quarter as a result of the ongoing hangover from and continual effects of the economic crisis. The French property investment market is now on the move again, with investment levels doubling in the second quarter of this year, the biggest increase for that period in Europe.

For more information on overseas investment properties and the property market in general, please visit http://investment.themovechannel.com/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information, please contact:

Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650

Filed under Press Releases by on .

Win a hotel!

If you are bored with the same old nine to five slog, why not start a whole new life as the manager of your own hotel – a stylish sixteen-bedroom hotel in Wiltshire and £50,000 annual income is being offered as a prize in the latest property competition to hit the headlines…

The Landmark Swindon is set in the heart of the beautiful Marlborough Downs near Swindon in Wiltshire.

Its directors, Malcolm and Margaret Pearson, have owned the hotel property since it was built in 1979, converted and refurbished the building into a Hotel in 2000.

Now, they want to take a step closer to retirement and give someone else the chance to run the hotel.

To enter you need to buy a ticket for £25 and answer three locally based multiple choice questions via the competition website. The odds of winning are far better than the lottery as only 48,000 tickets will be sold in total.

“We decided to ‘sell’ our Hotel by competition because we love the thought of someone having the life changing opportunity of winning this amazing investment property,” said the couple.

“So many people talk of winning the lottery and what they would do with the money, this gives who ever enters a much better odds of winning a £850,000 hotel but would also give them the chance to instantly have an annual income of £50,000 – so, we thought this would be a fun way to make that happen for someone,” they added.

Each of the individually decorated bedrooms in the hotel is named after local Wiltshire landmarks and there is also a boardroom and restaurant.

If the couple fail to sell enough tickets to cover the asking price of the hotel, a raffle will still be held and the winning ticket holder will receive a cash prize.

The conditions of the competition mean the couple would be entitled to retain up to 35% of the entry fees to cover administration and marketing expenditure which will be verified. The remaining balance would be the prize fund, which would then be given to the cash prize winner.

The competition closes on 31st October 2010 and you can enter as many times as you like. Visit www.winahotel.co.uk to find out more.

For more information on hotels for sale and the property market in general, please visit http://commercial.themovechannel.com/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information, please contact:

Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650

Filed under Press Releases by on .

October 24, 2009

Herd Mentality As it Applies to Real Estate in Puerto Vallarta, Mexico

Puerto Vallarta beachfront condos

Puerto Vallarta beachfront condos

By: Jim Scherrer

With the incredibly fine winter climate, proximity to the US and Canada, and the amenities offered, Puerto Vallarta, Mexico has long been recognized as a great resort destination as well as retirement haven for North Americans.

Beginning early in the 21st century, Vallarta, as with many other resort destinations, began an explosive period of growth. Developers from around the world flocked to Vallarta in order to cash in on the baby boomer retirement plans. Within a short period of time, most of the finest beach front and hillside properties were snatched up and planning began in earnest. Tower cranes were erected, dotting the skyline throughout the city, and construction workers from neighboring states rushed to the area for employment.

As soon as the above projects were announced, the developers threw up beautiful sales offices and prepared for the land rush. These nice, spacious, air conditioned offices typically had comfortable lounge areas with new furnishings, pretty magazines, sometimes piped in music and perhaps a few free margaritas. They were typically staffed with English speaking, well dressed, experienced, professional sales personnel. Most of these new offices had multiple sales cubicles with the capability of negotiating two or three contracts at a time; some even had counters where the buyers could get in line to wait their turn for such a unique opportunity to own a piece of Paradise. Granted, it never quite reached the point that it did in Florida, where they were holding lotteries and drawing lucky buyer numbers out of a hat!

During the first few years of the decade, the North Americans were grabbing up the new condos at such a torrid pace that many of the construction projects were 30%, or more, sold out before they even broke ground. Pre-construction pricing of 10-20% off their suggested list price was frequently offered to owners of condos previously built by the developer. After all, these privileged speculators had earned the right to have the first chance to scoop up the most desirable condos at what seemed to be reasonable prices; few could afford to pass up such a no-brainer investment opportunity!

Meanwhile, as the tower cranes started whirling around and the thousands of construction workers, looking like a huge colony of ants, began their construction, the beautiful buildings started coming to reality. Money was flying in every direction and it seemed as though everyone that came to town had an extra half a million dollars to spare for their retirement dream residence. Of course, during those years, re-financing and second mortgages on North American real estate with highly inflated values was commonplace; the herd had a feeling of easy money and never ending wealth!

With the herd of somewhat naive buyers in town, the question was never whether or not they should buy a condo; it was which condo they should buy. They were virtually knocking down every real estate office door in town (approximately 80 in the area at its peak!); it was definitely a seller's market. The developers would usually negotiate 5-10% off list price in order to give the buyer a sense of satisfaction that they had received a good deal, still leaving the developer with a substantial profit margin; everyone was happy as the good times rolled on!

By the middle of the decade, the local real estate market was humming on all cylinders and new projects were being announced almost daily. The Mexican Tourism Board announced plans for developing a new 20 mile stretch of beaches north of Vallarta and planning was underway for another 20,000 new condos. Obviously, as long as the stampede continued, they would continue building and prices would continue to escalate, resulting in a tripling of real estate values during a short 7 year period of time, i.e. the old rule of supply and demand was in full force; keep coming and we'll keep building!

Well, as always happens, a global recession hit in 2008. However, this time it was much deeper than most had ever experienced, severely impacting the PV real estate market as the demand virtually disappeared overnight. Developers and speculators were left holding thousands of new unsold condos creating the greatest buyer's market ever experienced in this part of the world, i.e. the supply (glut) of new condos far outnumbers the demand. Consequently, the developers and speculators are on their knees just trying to recover their costs, often discounting by 30% or more while many of those fancy real estate offices in PV were forced to close and those remaining open are doing so on shoestring budgets and reduced staffs.

The herd mentality has been clearly demonstrated on a daily basis for a number of years all over the Vallarta area and is still in play, except now the buyers are all following each other in the opposite direction; postponing purchases until someday in the future when the economy is more certain, i.e. until the coast is clear. The masses seem to feel a sense of urgency to purchase when their peers are doing so and feel no sense of urgency to purchase when prices are at the lowest levels possible. During the past year, it has been absolutely amazing to see the herd of what appear to be intelligent, educated buyers walking away from once in a life time opportunities because there's no line up of buyers. It's as though everyone's afraid to be a contrarian; consequently, they'll end up buying later at a higher price.

Buying into a given real estate market is essentially the same as buying into the stock market. Why does the herd always insist on buying high and selling low? The developers are never going to sell below their cost and current prices are as low as they'll ever be; bargain opportunities are everywhere but once they are recognized and scooped up by the savvy buyers, the prices will surely start escalating again.

We thank our lucky stars for having bought a villa in PV twelve years ago (before it was the in-thing to do) and have seen it more than triple in value. Of course, anyone buying today at these severely depressed prices could realize a short term gain of 50% (or more) on their investment, if and when the economy ever recovers. However, knowing the way the herd mentality reacts, the majority of buyers probably won't return to the table until it's too late to take advantage of the current situation with its tremendous real estate values.

Are there any contrarians out there? Are there any retirees or about-to-be retirees that have any money (or credit) left? If so, you'll never find a better time to take advantage of a seriously depressed and overbuilt real estate market. Pack your bags and come on down for a week of fun in the sun this winter and check out the phenomenal opportunities that await you in Puerto Vallarta. With the current availability of mortgages in Mexico, this is a rare opportunity to buy low and perhaps someday in the future, sell high; it's a great concept! Disregard what the herd is doing and remember just one thing; they're usually wrong!

(Please see Puerto Vallarta PHOTO GALLERY)

Jim Scherrer has owned property in Puerto Vallarta, Mexico for 26 years and resided there for the past twelve years. The mission of his series of 70 articles pertaining to retirement in Puerto Vallarta is to reveal the recent changes that have occurred in Vallarta while dispelling the misconceptions about living conditions in Mexico. For the full series of articles regarding travel to and retirement in Vallarta as well as pertinent Puerto Vallarta links, please visit us at PVREBA.

Filed under Press Releases by on .

October 22, 2009

September Top of the Props

France edged August’s winner Spain into second place in September’s Top of the Props chart – which provides a monthly pop chart snapshot of the most popular countries on the site – and the mighty USA fared well too, supporting talk of a possible recovery in the US property market – claiming third place…

France

The credit crunch has worried even the most hardened investors and that meant many were looking once more to traditionally ‘safer’ investment options and established markets, such as France and Spain.

International mortgage firm Conti found that interest in French properties accounted for by far the most information requests so far this year, signaling that investors are still in love with the cosmopolitan country.

And it’s not only those investors hunting out residential bargains either – international commercial property investors looking for prime assets are beginning to target France.

The country is fast emerging as the second-most popular market after the UK following a static first quarter as a result of the ongoing hangover from and continual effects of the economic crisis.

The French investment market is now on the move again, with investment levels doubling in the second quarter of this year, the biggest increase for that period in Europe.

There were three retail deals in that period valued at more than €100 million and the third quarter is looking promising too.

France has held up better than many other markets in Europe, with capital returns falling by six per cent last year, far less than in the UK, where they fell by a whopping 26 per cent.

France is also a country that is known for low volatility when it comes to investing, even in its capital Paris.

Check out French properties for sale at http://france.themovechannel.com/

Cyprus

Cyprus claimed sixth place in September’s chart and the country looks set to take an even higher footing in the near future with the opening of the new and improved Larnaka International airport- a real boon for the Cyprus tourist industry and economy.

Larnaka International Airport is due to open on 7th November this year and the anticipated rise in tourist numbers and boost to the economy couldn't have come at a better time as the country tries to shrug off the lingering effects of the global economic crisis.

The multimillion pound international airport additions will open next month, following the largest construction project of its kind in the Republic.

Androulla Christodoulou, Head of Services of Civil Aviation at Larnaka International Airport, said, “The Airport will give the island's economy a new impetus amidst the economic crisis and will significantly help the economic and tourist development in general.”

The Finance Minister of Cyprus has positive news too – he predicted that the country will see growth of 3.7 per cent by the end of this year as well as see full employment and lowered inflation.

Minster Charilaos Stavrakis also allayed fears that the Cypriot Government would try and hold down new development projects, noting that there are many large scale developments planned, including huge changes to infrastructure around Nicosia and of course Larnaka’s airport.

Check out properties for sale in Cyprus at http://cyprus.themovechannel.com/

Other movers and shakers

Although the USA was pushed down from second place in September’s Top of the Props chart, it still fared well and claimed third place. Portugal remained in the same position as in August, taking fourth place, and Turkey remained in the middle of the ranks in fifth place.

Cyprus moved up one place and took sixth place, pushing August’s number six – Italy – into eighth place.

Lucky number seven was claimed by Egypt in September’s chart, with Bulgaria and Greece rounding off the chart in ninth and tenth places respectively.

For more information on properties in France and the property market in general, please visit http://france.themovechannel.com/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information, please contact:

Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650

Filed under Press Releases by on .

October 20, 2009

Worldwide guide

Yesterday I wrote about our reliance on computers when choosing pretty much everything – from homes to hotels to holidays – but now, in a refreshing blast from the past, a new survey has found that nearly half of British travellers still rely on professional travel guidebooks when choosing a hotel – proof that the humble book hasn’t had its day…

The hotel price comparison site Trivago.co.uk found that 45 per cent of the 4,000 British travellers they surveyed relied on old fashioned travel guide books to choose their holiday and hotels rather than turning to the internet.

I am always tempted to check out online reviews before booking anywhere but, despite the growth of these websites, only seven per cent of those surveyed said they were the main influence on their choice of hotels.

This new research follows a report by a US market research company, PhoCusWright, which claimed that the number of travellers using review sites was falling.

It said the number looking at reviews declined from 55 per cent in October 2007 to 46 per cent in October this year.

Advertising and holiday brochures were deemed to be most important by 15 per cent of respondents and ten per cent of Brits based their decision on experience.

Surprisingly, even with the weak pound, the price of the hotel was only listed as the fourth most important factor for Brits.

The reputation or affiliation to a hotel chain influenced the decision of four per cent of respondents. Only two percent of British travellers booked because of a friend’s recommendation.

In other countries the results are very different. The Spaniards are the biggest bargain hunters: Hard hit by the economic crisis, 45 per cent of Spanish travellers stated that the price as the most important factor when selecting a hotel in 2009.

The Germans also indicated that the price was the most important criterion (35 per cent), as well as the Italians (34 per cent). From the French respondents, 60 per cent stated that advertisements and holiday brochures were the most important factor.

Loved a location on holiday? Why not make it more permanent – check out some Spanish property at http://spain.themovechannel.com/ or some in France at http://france.themovechannel.com/

For the latest news on travel and tourism, and the property market in general, please visit http://www.themovechannel.com/news/travel_and_tourism/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information, please contact:

Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650

Filed under Press Releases by on .

October 19, 2009

OK, Computer

Numerous factors determine which house we buy – but now location, size of rooms, garden and proximity to good schools are becoming less important as new research reveals that we really are living in the age of the computer – broadband speed is becoming a key factor in where us Brits choose to live…

A new survey from broadband comparison website Top 10 Broadband has found that broadband speed is a more important factor in choosing where to live in the UK than the proximity to a local pub. And that’s really saying something for Blighty.

Furthermore, almost 40 per cent of people said that poor broadband speed and patchy network connection were likely to actually put them off moving to a new area.

With a rise in the number of people working at home and others turning to the internet for everything from online dating to researching holidays and shopping, having a good internet service is crucial.

When I moved into my new home, we had no internet, TV or phone for three weeks – guess which one I missed the most.

The research also revealed that the British public is suffering from broadband envy. Six out of 10 people admitted that they would be annoyed and envious to find out a neighbour was receiving faster speeds than them.

So, today, in a true curtain twitching style, Top 10 Broadband has launched the UK’s first broadband speed test that allows you to see what broadband speeds your neighbours receive – taking keeping up with the Jones to a whole new level.

The StreetStats technology allows users to zoom into your postcode area and see the broadband providers people are using on your street – and the speeds they are achieving.

Alex Buttle, Director at Top 10 Broadband, said, “Until now broadband speed tests have only let you check your own speed. This is the first time everyone will be able to see what speeds their neighbours are getting and which broadband providers they are signed up to.

“As our broadband StreetStats show, despite all the competition between the major UK broadband providers there’s still huge variation in the speeds their customers receive – even on the same street. Our new speed test makes the broadband landscape more transparent than ever.”

Top 10 Broadband has already added 170,000 speed tests to its map and expects to collect over two million by the end of the year.

StreetStats gives you the ability to view broadband speed test results on your own street, with ground-breaking interactive speed maps. Users can zoom and pan around a Google map exploring the broadband speeds of any street in the UK.

To take the test and see your neighbours’ speeds, visit http://www.top10-broadband.co.uk/speedtest.

For more information on property in the UK and the market in general, please visit http://www.themovechannel.co.uk/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information as well as images and interview possibilities, please contact:

Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650

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