Tips for property investors
Now more than ever is when anyone thinking of making an investment in property should do some ground work before hand, especially after the recent collapse in the property sector. However, as with any fall such as we are experiencing this opens up the door for an investor who is able to buy in low [...]
June 9, 2009Existing loan books effecting market
The question being asked by potential borrowers in the UK is why after receiving billions of pounds from the government are lenders still not issuing mortgages at a rate that suits buyers.
The problem is that even after getting their hands on the governments handouts the lenders are still saddled with mortgages secured on properties that [...]
Johnny Depp and his private island
It is hard to imagine what living on a private island would actually be like until you have done it. One such person who owns an island is actor Johnny Depp, his island paradise is in the Caribbean.
The island is around forty five acres in size and is known as Little Hall’s Pond Cay. However, [...]
Community spaces to get designer makeovers
The Times and MyDeco are currently running a campaign that will see public spaces around the country given a makeover by top British designer Sir Terence Conran and interior designer Tara Bernerd. Which is something very special indeed for the local community.
These public spaces do not have to be parks or open spaces either, [...]
Average UK rents
There has been much spoken about the value of property and how the market could be on the verge of bottoming out, but when it comes to rents there is never much said and yet the rental market is a significant part of the property sector.
The average monthly rent is currently £589.68 this is calculated [...]
Improving the value of your property
These days any improvement to a property is going to be welcomed, it makes no difference if the property is up for sale, for rent or is a family home increasing its value in a cost effective way is an absolute no brainer, you would have thought.
The good thing about this is that for little [...]
What is fractional ownership?
There is lot of talk about fractional ownership these days, it is like a timeshare for property owners who can buy a place in London that would normally be out of their reach, but at the same time, the owners share the costs.
However, what does fractional ownership mean? Below are the main points that make [...]
MP buys retirement home on expenses
MP’s expenses are a political hot topic at the moment therefore it’s sensible to take a look at one particular MP, Rudi Vis aged 68 naturally he his thinking of retirement and where better than the Suffolk coast?
However, the purchase of a £520,000 home for the North London MP has been made with expenses from [...]
MP tries to get second home planning permission
An MP representing Truro and St Austell has been calling for second home buyers to apply for planning permission to use these properties as a second home.
In a report, Matthew Taylor has suggested that any buyer looking a property to use a second home should have to apply for planning permission to change the use [...]
Scotland hit by the graffiti plague
Property in and around the north Scotland city of Aberdeen have become the unlikely victims of graffiti tagging.
The incidents have been happening all around the city and both public and private property is being affected causing considerable concern for people who finding that their property has become the latest victim.
It is estimated that the [...]
The state of the rental market
Usually when the price of property falls, the cost of renting increases and visa versa, but we find ourselves in an exceptional marketplace these days and due to the amount of property on the market at the moment, rental prices are also in the decline.
London is a good place to look as the market is [...]
Is renting better than buying?
A couple of years ago people who rented property were in fact simply throwing their money down the drain, whereas on the other hand those people with mortgages were in fact the shrewd investor who could only make money. How times have changed and yet is renting better than buying?
Some people believe so, at least [...]
Buying abroad tips
Some people are thinking that the property markets abroad are looking interesting, and when compared to the UK market maybe the time could be right for investing in a property abroad.
But buying abroad is not always as straight forward as we have got used to hear in the UK, there are many pitfalls that around [...]
Mistakes property sellers make
Trying to sell a property has never been harder, not only is there a global down turn in the property market, the lenders are making it difficult for people to borrow money because they are no longer going to be taking any chances.
This means for the property seller, that when they do get a viewing [...]
Canaries have great bargains
It looks like the property crisis throughout the world is taking its toll on even some of the most desirable places to live. We are not talking about Dubai or Monte Carlo those regions are strictly for the wealthy amongst us.
However, for the average person who has had enough of the long cold winter, where [...]
Commercial property performing badly
Despite hopes that there could be a recovery in the property market, it looks as if the commercial sector is still going to be suffering over the next year of so by as much as twenty five per cent. This is because of the lack of lending by the financial sector.
What makes this worse for [...]
Are there bargains in the UK?
The UK property market use to be a favourite hunting ground for Irish investors looking for a good deal, it has to be because the differences between Ireland and the UK are very slim and many people have connections in both camps.
However, you would have thought that in the current climate, this trend would have [...]
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 [...]