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 12 2009

Halifax report says that house prices in UK are on a rise

Category: Real estate newsAdmin @ 09:51

UK real estate topic is getting hotter & hotter with one of the top-notch lenders in the UK namely Halifax recording a 1.9 percent gain in house prices over the month of January. This new would surely have taken you back by surprise, isn’t it?

uk housing market

Any assumptions and predictions still remain a daunting task as we have often seen that they turn out to be wrong the other day.

Remember, that the problem of unemployment still remains a major concern as also the poor liquidity that is shattering consumer confidence as ever before. Well, Halifax housing well-known economist Martin Ellis optimistically views this statistic as a sign of stabilization. Let’s keep our fingers crossed that he turns out to be right!

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Feb 11 2009

Speculation on UK Real estate market continues

Category: Real estate newsAdmin @ 11:25

After relishing the beautiful Calabria Property for sale and also the Caribbean property, time now for getting back to something on the UK real estate news. Well, UK arguably is going through the same times as the US with a whole lot of people in need of assistance with their debts.

uk real estate market

We all know that UK Banks, like those in the US, are also no longer lending as they did before the credit crunch, and can you believe it that the number of real estate deals in the UK is down by around 90 percent, which is a huge figure.

Let’s hope 2009 turns out to be a better year for the UK real estate markets by keeping our fingers crossed.

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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 24 2009

Almost half UK builders facing financial troubles

Category: Real estate newsAdmin @ 10:48

The loom of global financial meltdown seems to be having a worsening effect all over the world and now the new is pouring in that almost half of house builders in the UK are facing huge financial problems and some will inevitably end up going out of business, according to a survey.

uk builders in trouble

This is what we’ve got to know from Property Wire News services. In addition, the poll of 1,000 of the country's leading builders by industry analyst Plimsoll found that 496 were in trouble.

Not all of them will survive the recession, the report warns, and those that do will be very different businesses from what they were just a year ago. But they will also be more streamlined and therefore better businesses. Well, surely one of the disastrous periods in the housing market, wish the silver lining could be seen as fast as possible.

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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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Jan 16 2009

UK real estate market prices speculation continues

Category: Real estate newsAdmin @ 11:24

Everyone has got their own take on the UK real estate market performance in 2009 and most of the advisors; experts predict a further 20 percent downfall before a recovery may set in.

UK houses for sale

In fact, the results of the Reuters poll of 37 analysts at UK banks put forth the information that the prices are likely to drop by about 11 percent this year and that it will take until 2010 before it gets better.

Well, prices will plunge no doubt, but how many percent is the major question, may be a bright opportunity to buy one! For more on real estate investments.

 

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