UK House Prices Up a Full 8 Per Cent According to official figures, house prices across the United Kingdom have risen by a full 8 per cent since this time last year, despite a slight fall during March. The .5 per cent drop in average house prices throughout March – from £253,000 to £252,000 – was allegedly the result of tough new lending rules (according to leading economists),...
Housing market
Up until very recently, first time buyers in the UK were experiencing extreme difficulties when trying to gain access to the property ladder. Without huge deposits and the will to spend their entire wages on a mortgage they probably couldn’t really afford, many thousands of individuals and couples thought they’d never manage to own a home outright. Over the last few months, the British...
Malaysia’s property market will become markedly more appealing to investment buyers as of the first of April when the country eliminates capital gains tax on all property deals. Whilst sellers are currently obliged to pay 30% tax on the profit made on a property, Prime Minister Abdullah Ahmad Badawi recently announced plans to abolish the levy. It is hoped that this decision will...
The South East and in particular London is witnessing seemingly unstoppable price increases. Primelocation.com which is owned by Daily Mail & General Holdings reports unrelenting price growth of prime London property. London house price are at record average sales prices in every region in the capital with prices up 25.8% overall. Stock of prime London property for sale hits an all-time...
Florida property owners will be thanking their lucky stars as officials announce big cuts in home insurance and helps secure the future for the Floridian real estate market. Florida home owners pay some of highest home insurance premiums in the US & what has made things worse was the anticipated increases this year of up to 80%. This would have left many Florida property owners in a...
The currently unregulated overseas property industry has seen some positive moves towards self regulation. One of these was the launch of The Association of International Property Professionals (AIPP) .The aim of the organisation was improve standards of professionalism in the international property market. Members are vetted and sign up to commit to industry standard training and voluntarily...
Bank rate rises are always big news and the latest quarter point rise in interest rates to 5 per cent puts interest rates at their highest level for five years. Inflation figures which are hanging round the 2.5% have seen the Bank of England act to keep inflation under control, with a target rate of 2%. Consumer debt is enormous Consumers now hold a record 1.3 trillion pounds in debt,...
The rental market is a huge sector in Australia and a shortage of new homes is set to strengthen landlord returns. The ANZ Bank’s latest property report states “shortage of dwellings and the flight of investors from the residential sector are causing a decline in rental vacancies and placing upward pressure on rents”. Research at ipac securities indicates that over the very long term...
Bank rate rises in the UK are looking more likely as economic indications point toward an economy that is producing higher inflation and a housing market that shows no signs of cooling down. Rightmove property website reports that August rate rises have done nothing to slow the progress of rising UK property prices. Rightmove's House Price Index data showed that the national average asking...
South Florida property prices are becoming beyond the reach of key workers in the sunshine state. New residential towers being built in Miami-Dade and Broward counties are now beyond the reach of teachers or public servants and other key workers. Calls are being made by Florida home owners for State legislators to help by lifting the cap on the Sadowski Trust Fund. The fund is intended to spur...