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Back when the property market was booming, buying a wreck and doing it up was seen by many as a sure fire way to make some money. Even if the cost of renovating your wreck ended up being more than you predicted (as, of course, it usually does!), the steady increase in property prices would (hopefully) make up the shortfall.
A month into 2013, how is the property market in the UK doing? As ever, indicators are contradictory, with experts unsure how the market will develop over the coming months and years. House prices in much of the country remain largely static, with some regions experiencing small falls and rises, but little significant change. As ever, London performed best, but rises there still averaged at only 0.3%, well below the kind of rises seen pre-downturn. But there is room for optimism on prices, with falls […]
The market for buying property abroad is fast changing, with your traditional locations such as France and Spain being closely followed by the USA, Eastern Europe and even the Middle East in terms of desirability. Here are the top five most desirable places to buy abroad:
housing crisis – The Planning Minister Nick Boles has stipulated that there needs to be more development of open land to ease the housing shortage. To construct on a further 2-3% of English land would put an end to the housing problem for some time to come.
Homes and Gardens – When you become a landlord, your main concern is the bricks and mortar you are letting out. That’s unsurprising – that’s the main concern of tenants too. Outside space can often be a neglected afterthought, but it shouldn’t necessarily be that way. Outside space can add more value to your property than you might think, but it can also reduce its value and cause problems for tenants and neighbours if neglected.
Gardens as assets
A garden should be seen as an asset to […]
Property Websites – Today, it was announced that restrictions which have previously stopped home sellers from advertising their properties online are to be lifted. There will no longer be the thousands of pounds forked out to estate agents. This sort of commission, it is said, will be driven down substantially as the new initiative allows sellers to sell online.
Currently
The current laws are set out so that anyone hosting private property sales online have had to be treated as estate agents thus being liable for property […]
The Friday Five – Top 5 EU Properties For Sale
In August it was revealed that Italy and Greece were going to put €42 billion worth of property as well as certain national treasures on the market to help pay for the growing EU debt. From castles to islands, those with enough money will be able to grab something truly unique. Good luck getting a property insurance quote for these though, as you’ll likely be paying a fortune! Here are our top five:
5. Orsini Castle
Orsini Castle […]
The annual growth rate in student rent has slowed down, making many landlords and potential property investors consider whether the student market will continue to be as lucrative as it is. As the number of students enrolling at university drops due to the rise in tuition fees, the student housing market stands at an unknown with no-one really knowing how it will end up. What is for certain is that the numbers are showing it is in decline, something for landlords to keep in mind.
Why […]
We all know that when searching for a property, estate agents always have the best words to make something that is possibly a negative into something a little more enticing. However, their latest phrase is spot on. “Golden triangle” means properties that are in a great location; close to good schools, good transport links, thriving local economies and stunning homes in stunning locations.
Golden Triangle Areas
The areas of the country where these homes can be found are in Yorkshire, Surrey and the West Country. Investing in […]
If we are lucky enough most of us will be able to buy a home, for others though this idea is a distant dream even though in the long run it could be a money saver.
Substantial Savings
In a recent report from Barclays it showed that, in a lifetime, getting onto the property ladder is much more beneficial that renting a property. By making a purchase this could save around £200,000 over the course of a lifetime.
This is based on a mortgage over 50 years and […]