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December 19, 2007
Euro mortgages bring tax and interest rate benefits
Permalink: Euro mortgages bring tax and interest rate benefits
by Gill Montia
Overseas property purchasers should consider taking out mortgages in euros.
According to Blevins Franks, the independent financial services group, euro mortgages are to be recommended because they benefit from the stability provided by the European Central Bank, which only this ...
Weaknesses emerge in buy-to-let
Permalink: Weaknesses emerge in buy-to-let
by Gill Montia
Earlier this week, the Young Index, a quarterly gauge of market sentiment within the buy-to-let sector, showed continued optimism among property investors.
However, weakness in the sector is emerging and new figures from estate agents Hamptons, show a sharp fall in the sector's share ...
Most UK lenders now pass on rate cut
Permalink: Most UK lenders now pass on rate cut
by Kay Mitchell
Earlier this month, The Bank of England reduced its base rate by a quarter of a point to 5.5% but lenders have been slow in passing the rate on to its customers. However, the majority of UK lenders have ...
December 18, 2007
Nova Scotia combines property bargains with a tranquil life
Permalink: Nova Scotia combines property bargains with a tranquil life
by Gill Montia
Nova Scotia in Canada is becoming a prime location for those seeking an overseas property bargain and a quiet life.
Located in the east of Canada, the province is the second smallest in the country and roughly the size ...
Sharp fall in tenant demand for flats
Permalink: Sharp fall in tenant demand for flats
by Gill Montia
The Royal Institution of Chartered Surveyors (Rics) has reported a sharp fall in demand for flats to rent over the three months to October, and attributes the decrease to a glut of properties on the market.
Having questioned its members, the ...
House prices affected by Hips
Permalink: House prices affected by Hips
by Kay Mitchell
Property website, Rightmove, have claimed that property prices have fallen by 3.2% over the past month as sellers made cuts to beat a Home Information Pack (Hip) deadline.
Rightmove said the full roll-out of Hips, implemented last week, has had an affect ...
Homebuyers missing out as lenders fail to pass on rate cut
Permalink: Homebuyers missing out as lenders fail to pass on rate cut
by Kay Mitchell
Earlier this month, The Bank of England reduced its base rate by a quarter of a point to 5.5% but it has been suggested that some homeowners are missing out as lenders are neglecting to pass ...
December 17, 2007
Property investors keep faith in London prices
Permalink: Property investors keep faith in London prices
by Gill Montia
Latest data from the Young Index, the quarterly gauge of market sentiment within the buy-to-let sector, shows continued optimism amongst property investors, with 91% apparently not influenced by gloomy media reports.
The survey, which questions 500 people who hold investment property, ...
Wales sparks buy-to-let interest
Permalink: Wales sparks buy-to-let interest
by Gill Montia
Property investment firm, Property for Life, recorded an increase in buy-to-let activity in Wales, during the second half of 2007.
Currently less than 2% of investors in the UK buy-to-let sector hold property in Wales but the recent surge in interest could indicate ...
10% decline in property prices say Citigroup
Permalink: 10% decline in property prices say Citigroup
by Kay Mitchell
Experts at Citigroup, the world's largest bank, have warned that property prices will fall by 10% over the next 3 years. Citigroup's chief UK economist said property prices are heading for a major downturn, losing a 10th of their value ...
Over 20% of US homeowners experience house price falls
Permalink: Over 20% of US homeowners experience house price falls
by Kay Mitchell
A Reuters-University of Michigan consumer survey said that 21% of US homeowners expect their home to fall in value in the next 12 months.
The survey's director, Richard Curtin, said even homeowners that expect gains in prices over the ...
Confidence sinks to lowest for 10 years
Permalink: Confidence sinks to lowest for 10 years
by Kay Mitchell
According to the Royal Institution of Chartered Surveyors (Rics), the number of its members recording price falls has increased for the fourth consecutive month, with 40% more reporting a decline rather than an increase in prices. The study is based ...
A Property Finder for £20,000
Permalink: A Property Finder for £20,000
by Kay Mitchell
An increasing amount of wealthy househunters are hiring experts to find them a new property.
However, the services of a property finder are not cheap. With retainer fees of £500 to £3,000 and a percentage commission payment, it can prove costly, but finders ...
December 14, 2007
Euro to boost Cyprian property market
Permalink: Euro to boost Cyprian property market
by Gill Montia
Cyprus is gearing up for an historic occasion as it implements plans to adopt the euro, the single European currency, on 1st January 2008.
The move is expected to bring important benefits to the island's economy as a whole and the Cypriot ...
Landlords optimistic on yields and rents
Permalink: Landlords optimistic on yields and rents
by Gill Montia
The buy-to-let market has surprised analysts with its buoyancy in the face of rising interest rates and restrictions on lending, but new data from Bradford & Bingley (B&B) confirms that property investors remain confident.
Rental yields (what a landlord can expect to ...
New two-year fixed rate offset mortgage from first direct
Permalink: New two-year fixed rate offset mortgage from first direct
by Lin Freestone
On Thursday 13 December 2007 first direct launched a market-leading two-year fixed rate offset mortgage priced at 4.99% (6.6% APR). The rate is a limited offer.
Following the fixed rate period, it reverts to a competitive ...
Land Registry focus on electronic mortgages and transfers
Permalink: Land Registry focus on electronic mortgages and transfers
by Lin Freestone
The Land Registry's decision to focus resource on introducing electronic discharges, charges (mortgages) and transfers as the priorities in its e-conveyancing programme has been influenced by key learning from the Land Registry's Chain Matrix prototype and valuable ...
Strong 2007 investment market predicted to continue
Permalink: Strong 2007 investment market predicted to continue
by Lin Freestone
A new study from Paragon Mortgages indicates that 2007 will be seen as a year characterised by stable yields, record rents and strong growth in annual returns.
A regional breakdown shows that the strongest total returns were in ...
December 13, 2007
Buy-to-let investors ignore gloomy reports
Permalink: Buy-to-let investors ignore gloomy reports
by Gill Montia
The continued buoyancy of the buy-to-let market can in part be explained by research from Young Group.
In a recent survey the property portfolio manager found that nine out of every ten investors do not pay much regard to media reports regarding the ...
Central banks’ intervention to ease lending crisis
Permalink: Central banks’ intervention to ease lending crisis
by Lin Freestone
In an unprecedented move, up to £54bn ($110bn) in loans will be made available to world money markets by central banks including the Bank of England and the US Federal Reserve.
The Federal Reserve and the Bank of ...
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