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July 18, 2007
Overseas mortgages may be advantageous
Permalink: Overseas mortgages may be advantageous
by Gill Montia
Moneycorp, the provider of foreign exchange services, have declared that investors looking at property overseas may benefit from a foreign currency mortgage.
Moneycorp added that foreign currency mortgages have risen in popularity since interest rates have continued to increase in the UK. ...
Additional bedrooms cost thousands
Permalink: Additional bedrooms cost thousands
by Kay Murchie
A study by the Yorkshire Bank has established that moving from a 2-bedroom terraced house to a 3-bedroom semi costs around £80,000 in York and £114,000 in London. A similar upgrade in Manchester would cost £7,000 with the UK average at £34,000.
According to ...
July 17, 2007
Equity release providing better lifestyle
Permalink: Equity release providing better lifestyle
by Gill Montia
Equity release gives people access to the value they have built up in their home for their own use and is a choice for many looking to maintain or create a better lifestyle or to meet an unexpected financial need.
According to Intune ...
€21bn grant to develop Portugal
Permalink: €21bn grant to develop Portugal
by Kay Murchie
Spanish Algarve Properties has declared that Portugal is likely to experience above average property price appreciation and The Algarve is a particularly ideal buy-to-let investment.
The country is also going through a rebirth, buildings are being cleaned up and a new ...
Northern Ireland property market reports slowdown
Permalink: Northern Ireland property market reports slowdown
by Kay Murchie
June was the third consecutive month in which house-price inflation in Northern Ireland slowed. Given that Northern Ireland has been one of the UK’s property hotspots, the slowdown is rather significant.
During 2006, property prices rose by almost 40% ...
Property prices still rising in London
Permalink: Property prices still rising in London
by Kay Murchie
According to a study by Knight Frank, the London Estate Agent, property prices in the capital are still exceeding record growth with increases being driven by price inflation at the top of the property market.
A spokesperson for Knight Frank said that ...
July 16, 2007
Endowment policies continue to let down homeowners
Permalink: Endowment policies continue to let down homeowners
by Kay Murchie
There are roughly 32 million people with-profits endowment policies with approximately £423 billion of assets invested according to the Association of British Insurers.
Many organisations pay little or no yearly bonus and many policy values are continuing to decline in spite ...
Cape Verde looks set to boom
Permalink: Cape Verde looks set to boom
by Kay Murchie
According to propertyshowrooms.com, Cape Verde is being tipped as the new Canary Islands for holidaymakers and property investors can look to achieve low prices in a market that is set to take off with the country’s beaches tempting holidaymakers from the ...
Possible housing crash in 2008
Permalink: Possible housing crash in 2008
by Kay Murchie
According to many property experts, the bubble could be about to burst on Britain’s booming property market. A crash could wipe at least £450billion off the value of the country’s housing stock. The results would be a flurry of bankruptcies and ...
Turkey still attractive to investors
Permalink: Turkey still attractive to investors
by Kay Murchie
According to New Turkish Properties, house prices in Turkey have risen by 40% in the last 2 years and an increase in the number of flights and improvements to roads and motorways is making Turkey attractive to investors. The company also ...
Signs of a slowdown in property market
Permalink: Signs of a slowdown in property market
by Kay Murchie
Indications of a slowing property market in the UK have been revealed with a survey of the sector illustrating that price gains are harder to obtain after the latest interest rate by the Bank of England.
According to The Royal ...
July 13, 2007
Fixed-rate deals not necessarily the answer
Permalink: Fixed-rate deals not necessarily the answer
by Kay Murchie
The chancellor, Alistair Darling, has announced this week that he will examine the possibility of increasing the number of long term fixed-rate deals available in the UK so that borrowers are not affected by large hikes in repayments when their short ...
Harry Potter may boost Orlando’s housing market
Permalink: Harry Potter may boost Orlando’s housing market
by Kay Murchie
The housing market in Orlando has had a poor time lately. The boom days of 2005 and 2006 are gone when apartments were in demand by condo-converters and tenants were queuing up for property. But the recent general ...
Housebuilding industry on the increase
Permalink: Housebuilding industry on the increase
by Kay Murchie
An improvement is being seen in the housebuilding industry. Statistics released from the NHBC (National House-Building Council) show that there was a 5% increase in the number of applications for new home starts during March to May 2007, compared to the same ...
July 12, 2007
Interest rate increase may be too much for overstretched homeowners
Permalink: Interest rate increase may be too much for overstretched homeowners
by Elaine Frei
According to figures from The Council of Mortgage Lenders, at the end of 2006, there were around 59,000 mortgages that were 3 to 6 months in arrears and missed monthly mortgage repayments are increasing each year. Following ...
Buyers put off investing in Spain
Permalink: Buyers put off investing in Spain
by Kay Murchie
According to a study from British Mortgages Abroad, Spain is still the most popular destination for Britons buying second homes and looking for somewhere to spend their retirement. However, around 80% of Britons would not consider investing here as they ...
New builds affected by interest rate increases
Permalink: New builds affected by interest rate increases
by Kay Murchie
Bovis, the home building company has announced a decline in its stock value saying that rising interest rates is causing a drop in potential buyers visiting their sites.
The company experienced a fall of 11% in their shares – the ...
Britons move home every 4 years
Permalink: Britons move home every 4 years
by Kay Murchie
According to a study carried out by Birmingham Midshires, a considerable amount of UK homeowners are moving home, on average, every 4 years in an attempt to keep climbing the property ladder.
In addition, the research found that 26% intend to stay ...
July 11, 2007
House price inflation grows in New Zealand
Permalink: House price inflation grows in New Zealand
by Kay Murchie
According to a report by Quotable Value New Zealand Ltd, the government valuation agency, property prices soared 12%, the largest increase since a 12.4% gain in May 2006.
New Zealand house prices rose at the quickest pace in 13 ...
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