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 [...]
Existing 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 [...]
Millionaires drop by half
In 2007, there was an estimated 500,000 millionaires in the UK, but according to recent figures this has now halved to 250,000 and the main culprit is the fall in property values.
The research carried out by the Centre for Economics and Business Research found that in 2007, there were 489,000 millionaires in the UK, but [...]
The top property portals
Sometimes people use Google search results as a matter of course and the data provided is considered to be the best on the internet, hence the search engine dominance in the market.
However, there are concerns that Google’s results have become clouded somewhat through the introduction of monetisation of the search industry. There are other alternatives [...]
Battle over £2.7 billion property
When the eccentric property developer Nina Wang from Hong Kong died in 2007 it was clear that her will that left her £2.7 billion fortune to charity would stir up some interest from people who would contest it.
Nina was born into a poor family in 1937 and was married at eighteen; the couple’s property ventures [...]
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 [...]
Twitter updates UK property sites
The rise of Twitter has been strong recently and even in the property sector is seems that Twitter has made an impact as a great way to inform people of latest news and postings on their websites.
Virtually all areas of the property sector from estate agents, property portals and website owners are getting involved in [...]
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 [...]
UK privacy group want street view closed
As with other countries where Google’s Street View has gone online, the complaints have come rolling in as the system goes live in the UK.
Almost immediately, after the launch people began airing their views, which are divided some feel that it is a good idea while others do not like it at all.
Enter Privacy International [...]
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 [...]
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 [...]
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 [...]
UK 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 [...]
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, [...]
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 [...]