Feb 24 2009

Several speculation rounds for real estate property investment in UK

Category: Real estate newsAdmin @ 11:36

Everyone ranging from a novice to real estate property investment expert are making their own set of predictions; some coming up with mere speculation, while others drawing inferences after through research.

For example, UK property surely seems to be a pretty lucrative sector for overseas investors as the ongoing fluctuations in the world’s currency exchanges continues.

UK housing market

Hassan Alaghband, director at Balli, said: “The argument for an influx of overseas investment is compelling when you combine a 30% fall in the value of the pound with, in some cases, a similar fall in property values.”

“Inward investment will help bring an increase in liquidity to the market, which will be an important factor in the recovery of the residential and commercial property markets in the UK,” he added.

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Feb 23 2009

Falling prices and interest rates is a blessing in disguise for many

Category: Real estate newsAdmin @ 11:16

Some of you who are searching for a good quality housing property; the time couldn’t have come better than this with housing prices continue to tumble as also the interest rates.

Blessing in disguise

The month of December last year was truly a golden opportunity as you could then get a two-bedroom flat in Wandsworth for £385,000. Can you believe it that at the height of the boom in 2007; it was on sale for £520,000.

Surely a blessing in disguise, isn’t it?

Source - FirstPropertyChoice

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Feb 6 2009

Bank of England yet again cuts interest rates

Category: Real estate newsAdmin @ 10:10

Well, the latest news on UK real estate market is pouring in that the Bank of England has cut interest rates to a record low of 1 percent to restore the worst hit real estate property investment sector.

Can you believe it that the interest rates have now been cut five months on the trot and this is at the lowest level in the Bank’s 315-year history.

Bank of England

Economist Ros Altman said: “This is another policy mistake. More panic cuts are not the answer to our economic crisis. Policymakers are desperately trying to boost the flagging economy and encourage more spending… but lower rates are a very crude weapon. They punish those who have got money to spend while benefiting the very groups (banks in particular) whose actions caused the mess in the first place.”

This move alone is not enough as a general consensus comes in that rate cuts Bank of England should do more to get banks lending again.

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Jan 28 2009

Turkey Property market signalling positive signs

Category: Real estate news | Turkey PropertiesAdmin @ 11:26

Turkey Properties have been incredible ones that have led to the overall boom in the real estate values and investment profitability in Istanbul.

turkey property

Here is what the famous architect and economist Remzi Kozal, as also the chairman of Turkey Engineers and Architects Association Platform, or TMMP, said: "Istanbul Metro, as part of the Marmaray Project, will add a new face, a new structuring to Istanbul as metro transportation areas will be the most profitable regions. Old areas will lose value."

Well, who knows financial crisis may just turn out to be a blessing in disguise and as an opportunity to gain.

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Jan 22 2009

Waggish UK property agents most likely to be docked out

Category: Real estate newsAdmin @ 12:04

Back to news segment after the revelation of the gorgeous Morocco property. Well, a report comes in for amending the rules governing UK property agents demanding something has to be done to restore consumer confidence in the UK housing market. This report, by Professor Colin Jones of Heriot-Watt University, was delivered to the Department for Business, according to OPPE News.

uk agent news

This surely is gonna be a prime year as far as UK housing regulation is concerned’ with the Office of Fair Trading already running an investigation into the property agent industry. Particularly stress is on the residential sector that needs more attention. (Tenants hardly have access to effective redress methods).

Experts at the Office of Fair Trading are already indulged in a 12-month probe designed to dock out waggish housing and property agents.

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Jan 20 2009

UK Association of Real Estate Funds appoints new chairman

Category: Real estate newsAdmin @ 11:10

The news has come in from the Reuters, that the Association of Real Estate Funds (AREF) has appointed Bill Hughes, managing director of Legal&General Property (LGP), as its new chairman.

To your knowledge Bill Hughes is a man who oversees management of 17 funds with a total asset value of more than 11 billion pounds at LGP, replaces Nick Cooper, global chief executive of ING Real Estate Select.

"The unprecedented market conditions in which we are currently operating represent both a number of opportunities and threats, so it is more important than ever that industry participants work together," Hughes said in a statement.

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