The property industry is set for a boost from January 1 2007 as new era dawns for property investors and the Londons financial markets. REITs will open up the commercial property market to ordinary investors in the UK. So what exactly is a REIT ? REIT stands for real estate investment trust. They are collective investments which pool investors money. Basically, buying shares in a REIT would allow...
Investment Property
Overseas property investment is set to receive a substantial boost through high levels of City bonuses.According to Overseas Property Professional, a large portion of the £19 billion of bonuses that City workers are to receive this year will be spent on overseas property,This amount is a 16 per cent increase compared to bonus levels that have previously been recorded, according to official figures,...
Overseas property investment is of interest to one in three future retirees in Britain, according to a new survey.A study by Clerical Medical has found that of the people interested in moving abroad when they retire, 49 per cent would be interested in living somewhere within Europe.English speaking regions were found to be of the most interest outside the continent, with Australia and the US the two most...
Investors looking to Spain for a property abroad could be advised to move quickly if they want to gain on their outlay, with a new study finding that prices are rising fastest in Valencia. The increases that are being seen in this area of Spanish property are exceeding the upward price movement that is taking place in the country's other major cities of Barcelona and Madrid. Individuals who have opted for...
International investors will be able to take advantage of a comprehensive method of surveying South African property, as a real estate group has announced that it is going to offer inspection trips. Aida National Franchises plans to team up with African Olive Travel Concepts to offer the tours to overseas customers who are assessing the prospect of South African property. The intention is that potential...
Prices of property in the UK are beginning to stabilise while still showing positive growth, according to the latest Assetz house price watch. In June, the average annual rate of growth in prices was 6.74 per cent, compared to 6.52 per cent in May and the 4.23 per cent that was measured at the beginning of 2006. The average price of a home was therefore also slightly up, from £189,317 to...
A new survey has found that issues such as affordability and location are not the only issues that UK property buyers consider, as having nice neighbours and living in an area with a good community spirit were also found to be priorities. The research by Linden Homes found that living in a nice community was the second most valued aspect of life for people asked on their opinions on what makes a "positive...
Interest in German property is steadily on the rise, with British investors at the top of the list of those investing in the country, according to new research. A study by German property specialists DEGI has shown that there were 152 commercial property transactions in the first half of 2006, amounting to a total value of 21.34 billion (£14.75 billion). Overseas investors made up 55.2 per cent of...
The Bank of Ireland (BOI) has today reported that Ireland was found to be the second wealthiest country in a survey of the eight leading OECD nations and that property investment is the main factor in its success. Ireland was placed behind Japan in the list and it was noted that the average wealth per head of Irish citizens was almost 150,000 (£103,600). The report claimed that concerns over rising...
New research has shown that the level of buy-to-let investment activity in UK property is on the increase, as 14 per cent of mortgages handled by advisers are currently accounted for by these customers. Paragon Mortgages' research shows that this number has risen from the six per cent that was measured in June 2001 and the ten per cent of December 2004. This steadily increasing buy-to-let activity appears...