Fortuna Estates raided by police
Spanish property investment firm Oanna Group, which used to be known as Fortuna Estates had an early morning visit from the Spanish fraud squad at their office on the Costa del Sol, two people were arrested and twenty other were questioned.
The police were actually working on information received from some of the people working at [...]
Insurance changes for holiday home owners
A change in the public liability insurance could mean that many UK based owners of property in Europe could find that they are seriously underinsured following the introduction of the Rome II legislation.
This particularly affects owners of property abroad who let it out for holiday rental, but what makes this law especially serious for UK [...]
Property rentals in London fall
It seems that renting a flat, apartment or even a house is much cheaper than booking into a hotel when visiting London; this is just one of the side effects of a falling property market.
It may seem astonishing that tourists could pick up a nice well-situated apartment in central London for less than what [...]
Getting back into the market
It is like the holy grail of the property market, when to get onto the property ladder. In the past, this was not a problem, in fact, banks and building societies were literally falling over themselves in order to get new business, but we all know where that led us.
The property market has seen prices [...]
Squatters who have taste
An organised group of squatters have moved up market and taken over a seven storey building in the heart of Mayfair that is said to be owned by the Duke of Westminster and have an estimated value of £30 million.
Apparently, there was an open door in the basement of the building, which allowed the squatters [...]
Property prices in Spain still dropping
Spain had been the dream for many Brits to either retire to or even just to start a new life, yet with a community that has been estimated to be as high a one million people things may not be so good over there these days.
For some enough is enough and it is time to [...]
UFO Insurance in the UK
When people insure their homes one thing that is probably the last thing on their mind is insuring against a UFO hitting their home. With reports coming in from around the world about increased UFO sightings and the fact that in the UK a damaged wind turbine was put down to a UFO strike, insurance [...]
January 16, 2009UK property market recovering?
In times like those that we have today, it is very difficult to decide on which information is helpful to your own individual situation. This is because there are some many variations of the same story making it virtually impossible for someone to make an informed decision.
This is true when it comes to the property [...]
Scots to get free insulation
The Green Party in Scotland are close to completing a deal which could see 1.8 million homes in Scotland becoming eligible for free home insulation.
What this means is, it this is given the go ahead local insulation firms will be paid by the government to offer qualifying households free loft and cavity insulation, which can [...]
Interest rate cuts to move market
Will the UK property market begin to show signs of a turnaround now that the Bank of England have reduced interest rates down to their lowest levels ever, or is this just going to hurt even more people and continue the cycle of decline.
For the property investor this would seem to be an ideal time [...]
Investing in property
Is property coming back as a better investment that keeping your cash in the bank? With interest, rates dropping like a stone. It seems that anything is going to be better than leaving your cash in the bank, where it is doing nothing for you.
However, property has had a bad press over the past year, [...]
Country houses near bottom prices
Large country houses are never really affected by the market fluctuations in the same way that other properties are, this is because these houses are few and far between and when one eventually does come onto the market, there are plenty of buyers willing to take them on.
However, in these market conditions there has been [...]
UK entry level open ups
Could the UK property market be about to open up for the first time buyer? Property prices have been falling over the past year and now they have reached a point where it could be the time where those first time buyers who have been holding back, finally decide to make the jump.
On paper, the [...]