Financing & Mortgages

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The Euro, the Dollar and the New Gold Rush
Thursday, December 02TH, 2010 by Glauco
1 Euro, Italy Currencies are always changing, fluctuating and being replaced every few decades or centuries. It's in their nature, therefore counting on their perpetual enduring power is not only wrong, but also very dangerous. Currently, we're are living in times of major change and upheaval: the world's two most used currencies have been facing turmoil, the results of which would probably change the way economy looks for ever. The US dollar has been lower than the Euro for almost a decade now, and the Euro itself represents what we just said, a new monetary tool that replaced several...
Credit cards and mortgages in Italy
Thursday, November 25TH, 2010 by Glauco
Bank of Bergamo, Italy The biggest crisis of the 21st century overall is, without doubt, the increase of credit card spending and out of control outrageous mortgages, which have led to a financial crisis of epic proportions. Italy has a different situation when it comes to financial and economic woes and, although highly affected by the crisis, it followed a completely different financial pattern. Italians are indeed much less in debt than other citizens of similar economies. Loans in general are very hard to obtain in the Italian system, unless major assets are presented as collateral,...
Saving on Exchange Rates
Saturday, August 23TH, 2008 by admin
Saving Thousands when Buying Property Overseas Securing Costs from the Exchange Rate When buying property in Italy, it is very important to pay attention to the exchange rate, or it could cost you a lot of money. The fact is that many Americans will simply use the exchange rate offered by their personal bank for the payments on their property. The bank's 'retail' rate of exchange is usually a few percent worse than the market rate. The bank may also charge wire transfer fees, commissions, and bank receiving fees. Since the bank takes a large profit that is built into...
Morgage - Financing In Italy
Saturday, August 23TH, 2008 by admin
Financial guide to buy a real estate in Italy Updated May 2008   You don't necessarily have to win a lottery or inherit a lot of money to buy real estate in Italy....well unless you are looking for a place downtown Rome or Milan... If you are planning to buy real estate in Italy you need decide how you are going to finance this new property. Unless you plan on paying the entire amount in cash you will have to get a mortgage either in US dollars or in euros depending upon exchange rates. If you think the Euro is low, better get financing in US Dollars in the States. If you think the euro...
Common Currency: The Euro
Saturday, August 23TH, 2008 by admin
Europe's Efficient Currency The Euro is the biggest changeover the world has experienced concerning money. More than three hundred Europeans currently use the Euro for their currency. The original twelve European countries to use the euro for their currency include Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. They are all members of the group known as the European Union. These countries span the area between the Mediterranean Sea and the Artic Circle and are often referred to as the Euro...
Mortgage
Saturday, August 23TH, 2008 by admin
Getting a Loan in Italy Loan Mortgages in Italy Getting a house loan in Italy can offset the High Euro: The main advantage of getting a mortgage in Italy instead of the United States could offset the strong European currency. Right now the rates in Italy are generally a little Higher than rates in the US but the difference is not so much and If the currency markets work in your favor, then there are savings that arise from a favorable fluctuation in the exchange rate. If the dollar rises in value against the Euro, then you will need to spend fewer dollars to buy the...
INVESTING IN ITALY
Saturday, August 23TH, 2008 by admin
INVESTING IN REAL ESTATE AND RESTAURANTS IN ITALY General investment situation in Italy and conditions in traditional sectors Investment opportunities in Italy are numerous, but changing conditions in international markets, currency fluctuations, and variations in the regulatory framework influencing trade as a result of the implementation of WTO disciplines have all contributed to changing the earnings prospects for various industries. Take, for example, the situation of the textiles and footwear industries. These two sectors are among the forefront in...