Commercial properties to cost banks £70 billion
It looks as if the UK banking industry are preparing for a £70 million hit, this time it is down the loans that they have issued against commercial property, up until now the commercial property sector has not been in the picture, but that is all about to change.
Some banks are predicting that commercial property [...]
Spain changes property law
With nearly three million empty properties in Spain, a change in the law has been on the cards for some time, this concerns the property rental market, which should be booming at the moment especially with the amount of empty properties around.
The problem for property owners is that at the moment it can take up [...]
£591 billion mark down on property
It is a terrifying thought but property experts have come up with the figure that shows how much property prices have fallen by throughout the UK during the past year.
The average price drop per property is £22,083, this makes the total loss in values stands at £591 Billion, but the figure although looking high is [...]
Don’t blame the estate agents
Who is to blame for the current housing crisis? Like with any crisis there is always someone to blame but in this there are many angles to the story and they all seem to be blaming each other.
The banking sector has taken the main hit for allowing people to borrow money that clearly they had [...]
UK property safe to invest in
There is no doubt that investing in property is not at the top of some peoples list of things to do and they have good reasons for this. However, when is the right time to get back into property? Some people believe that the time is now.
The reason why investing in property at this time [...]
House prices still set to fall
The UK is split up into a lot of different markets when it comes to the values of property and not surprisingly these markets all act in very different ways, but there is one thing that all have in common the prices are falling.
On average it is believed that the figure will have fallen by [...]
The Moon belongs to?
As far as we know the USA, is the only country ever to have reached the moon, so does this mean that they own it? Well this very delicate subject it has been nearly forty years since the first men stepped on the moon and with increased interest in lunar projects does actually own the [...]
December 10, 2008Could commercial property fall a further 25%?
When we talk about property it nearly always refers to the residential side, yet the commercial sector is feeling the pinch just a bad if not worse than the residential property market is.
Some experts in the commercial property sector are actually speculating that there could be a further fall of around twenty five per cent [...]
Buy to let problems to come
At the moment there are an estimated one million buy to let properties in the UK, most of these have been bought with very high mortgages and have a very high loan to value ratio.
Because of this, there is the potential for a sudden rise in the amount of these properties being either repossessed or [...]
Celebrity property fund goes bust
Just where do celebrities put their cash? Well in the case of many of them, the best option always seemed to be property as this would be an ideal vehicle to put money in when they are earning and produce a decent income when it is time to retire well that is the plan.
This notion [...]
Spanish estate to be raffled
When people try this in the UK they normally find that there are rules and regulations that actually prevent the scheme from going ahead, but in Spain things are slightly different which has made it easier for Wayne Crowsley and David Davis to put their property in Andalusia up for raffle, rather than for sale.
Tickets [...]
How to manage properties when you rent
You do not have to live in owned property in order to become a landlord as there is a growing trend for property investors to build up a property portfolio where the properties are location within an affordable location, while they rent in a popular area.
This gives the landlord the lifestyle that they want, while [...]