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November 19, 2007
Tenant demand for commercial property falls
Permalink: Tenant demand for commercial property falls
by Kay Murchie
According to the Royal Institution of Chartered Surveyors (RICS), tenant demand for commercial property fell in the third quarter due to a weak retail sector.
RICS’ Commercial Property Survey published last week said 1% more Chartered Surveyors noted a decline than an ...
November 16, 2007
Changes to inheritance tax could damage equity release industry
Permalink: Changes to inheritance tax could damage equity release industry
by Kay Murchie
In the Pre-Budget, Chancellor Alistair Darling said that that most families will avoid paying anything on the first £600,000 and married couples, including those in civil partnerships, will be able to combine their individual £300,000 allowances.
Equity release gives ...
South-east offers investment opportunities
Permalink: South-east offers investment opportunities
by Kay Murchie
According to 1st Property Investment, first-time buyer uncertainty in the south-east is providing investment opportunities.
The company said a number of developers are offering packages that may appeal to many. Furthermore, long-established first-time buyers are losing confidence due to the current property price falls, ...
A new home in time for Christmas
Permalink: A new home in time for Christmas
by Kay Murchie
Redrow Homes (South West) is offering incentives to people who can complete before Christmas. These include a 5% deposit plus stamp duty paid, fully-fitted carpets throughout your new home or Redrow could pay £500 a month towards your mortgage for ...
November 15, 2007
Property investment becoming popular in Great Yarmouth
Permalink: Property investment becoming popular in Great Yarmouth
by Kay Murchie
Great Yarmouth was once considered one of the wealthiest towns in Britain due to its prosperous herring industry.
However, it is now becoming a popular hotspot for property investment as a new harbour development is raising the profile of the ...
First-time buyer costs up again
Permalink: First-time buyer costs up again
by Kay Murchie
According to the Council of Mortgage Lenders (CML), first-time buyers are finding it increasingly expensive to get a foot on the property ladder with figures showing that just 28,400 people bought their own property in September, down from 34,800 in August.
Figures ...
Homeowners can look forward to interest rate cuts next year
Permalink: Homeowners can look forward to interest rate cuts next year
by Kay Murchie
City economists have predicted 3 cuts in interest rates in 2008 which will no doubt be good news to homeowners struggling with mortgage repayments.
In its quarterly Inflation Report, the Bank of England said it had become more ...
Tenants better off than homeowners
Permalink: Tenants better off than homeowners
by Kay Murchie
High Street bank, Abbey, has issued its latest annual Rent vs Buy index and shows that the financial benefit of buying a home rather than renting over a 25-year period has fallen by 75% over the last 12 months, with tenants better ...
November 14, 2007
Experts say property prices will pick up in 2008
Permalink: Experts say property prices will pick up in 2008
by Kay Murchie
According to the latest predictions from market analysts, property value is set to pick up in 2008 with house prices increasing by up to 5%.
A report by Halifax shows there was a decline of 0.5% in October after ...
AHIPP disagrees with NAEA claims
Permalink: AHIPP disagrees with NAEA claims
by Kay Murchie
Estate agents have seen a continued drop in the amount of properties coming onto the market, mainly as a result of the launch of home information packs (Hips).
Research from the National Association of Estate Agents (NAEA) shows that 83% of estate ...
Property market suffers biggest slowdown in 2 years
Permalink: Property market suffers biggest slowdown in 2 years
by Kay Murchie
According to many estate agents, the property market is at its slowest since July 2005 with prices plummeting in several parts of the UK.
A net balance of 22.2% more of its members are reporting price falls rather than ...
November 13, 2007
Surfers are pushing up house prices
Permalink: Surfers are pushing up house prices
by Kay Murchie
Properties situated near to surfing destinations are tempting buyers who are keen to spend time surfing. The pastime has moved from student and teenagers to middle-aged professionals who are escaping the stress of the boardroom and heading for the beach at ...
London and south-east in demand for rented accommodation
Permalink: London and south-east in demand for rented accommodation
by Kay Murchie
Landlords in London and the south-east are benefiting from huge demand for rented accommodation according to the National Landlords’ Association (NLA).
A vast amount of young professionals are swarming into these areas but cannot afford to buy a property. ...
Prospective homebuyers backing out at last minute
Permalink: Prospective homebuyers backing out at last minute
by Kay Murchie
Estate agents have claimed that over 30% of homebuyers are etting cold feet and are pulling out of deals at the last minute among concerns of a property market crash.
Estate agents and mortgage brokers are warning that buyers ...
November 12, 2007
Huge leap in fixed-rate mortgage costs
Permalink: Huge leap in fixed-rate mortgage costs
by Kay Murchie
The combined effects of interest rate rises and increases in financial firms’ lending rates after the credit crunch means that homeowners are facing the biggest jump in fixed-rate mortgage costs.
Monthly payments agreed in October on 2-year fixed-rate, £150,000 loans ...
Commuter towns thriving
Permalink: Commuter towns thriving
by Kay Murchie
Commuter towns just outside London are benefiting from unaffordable house prices in the capital.
The National Housing Federation (NHF) has said that towns such as Milton Keynes, Hemel Hempstead and Leighton Buzzard were becoming new commuter areas in response to high levels of demand.
A ...
Parents helping their children onto the property ladder
Permalink: Parents helping their children onto the property ladder
by Kay Murchie
Empty nesters, parents whose children have grown up and moved away from the family home, are downsizing their home in a bid to get their children onto the property ladder.
Research from Savills shows that first-time buyers need help from ...
Hips roll-out may affect first-time buyers
Permalink: Hips roll-out may affect first-time buyers
by Kay Murchie
The Royal Institution of Chartered Surveyors (Rics) has warned that first-time buyers could struggle even more if the government proceeds with proposals to extend Home Information Packs (Hips) to include smaller properties.
Rics said there could be a considerable decline in the ...
Buy-to-let too expensive for average investor
Permalink: Buy-to-let too expensive for average investor
by Kay Murchie
A new report by the Royal Institution of Chartered Surveyors (Rics) has established that buy-to-let could grind to a halt as it is becoming too expensive for the average investor.
Rics said a demand for higher deposits and increasing interest rates ...
November 9, 2007
Commuting between France and the UK
Permalink: Commuting between France and the UK
by Kay Murchie
With property becoming unaffordable for many in the UK, Britons are choosing to live in France while working in the UK. The country has always been a popular holiday home destination for Brits according to HIFX, a UK financial services company.
The ...
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