Lower Mortgage Rates A Boost For First-Time Buyers
Based on Moneyfacts data, interested first-time buyers who are keen to fix their mortgage deal for five years will get an average interest rate of 4.83% rather than 5.65% last May.
News
April Shows Increase In UK Housing Activity
According to Chartered surveyors Connells Survey & Valuation, “The number of valuations taking place throughout the country since the start of 2013 has risen consistently with April marking a 39% increase than the same time last year.
London Unveils Its First Property Price Tube Map
The map is a clear indication of how property prices are affected, with homes closer to tube stations often posing a greater turnout on sales than those located miles away.
Chinese Investors Snapping Up Spanish Properties.
According to property agents, at least 80% of all real estate on their books was sold to non-Spanish clients and Asian investors were particularly looking to the capital of Catalonia and the popular party island.
Colliers International Launches London Southside
Colliers International has recently launched an event that showcased its latest development in London, Southside. The event took placed at the Four Seasons hotel in Bangkok.
NY Groups Secures Tesla’s Laboratory – Renovation Plans To Follow
Alcorn said that the purchase of the property was a key first step but noted much work needs to be done before the group can realize its goal: “to create a fitting memorial to Tesla and a science center to benefit the entire world.”
Home Improvement
Bentalls Owner Applies For Planning Permission
Mark Fenwick, chairman of Fenwick Ltd, said: “The square, galleries, café and restaurant will provide a new focus for the local community, as well as the residents of the new apartments.”
3 Reasons Why a New Kitchen Worktop Will Raise the Value of Your Home
There are many incentives to get new kitchen worktops. Here are three reasons why new kitchen work surfaces could raise the value of your home and attract potential buyers.
Government To Come Up With Employment Scheme For Greenwich Residents
By keeping local families in the borough, Mr Roberts claims, the district will be able to maintain its excellent education standards and maintain Greenwich’s reputation as an area where long-term job prospects are better than anywhere else in London.
Skanska Appointed As Building Contractor For 100 Cheapside
Skanska has been appointed as the building contractor for 100 Cheapside – the 100,000 sq ft prime City office development in London. Work on the building is expected to start immediately.
Rental Tips To Help Maximize Your Income
With the cost of renting falling all across the UK, homeowners are being advised to be wise in maximizing their money. Reading up on rental tips is also advised as they try to hang on without having to fall into debt.
Household Budget – How To Get The Most Out Of Your Money
Michael Ossei, personal finance expert at uSwitch.com pointed out that consumers are anticipating the upcoming Budget with a mixture of feelings – mainly dread & despair.
Property for Sale
Are UK Homes Becoming More Affordable?
Halifax’s latest survey shows that the British public sector workers are finding homes to be more affordable across the country but are still out of reach for the majority of towns that are keen to get a foot in the UK property ladder.
CEBR Predicts House Prices To Rise In 2014
Speaking on the continual rise of properties in the UK, Daniel Solomon, CEBR economist believes that by 2018, they believe that the typical house prices in UK will be £267,000 – over 20% more than this year.
GBP £4,350,000 – 3 Bed Apartment – Cadogan Square,Knightsbridge, London, SW1X
The property has (by separate arrangement) access to the gardens and tennis courts of Cadogan Square. The property would make a perfect pied a Terre.
GBP £4,250,000 – 3 Bed House – William Mews – Belgravia – London -SW1X
A superb three bedroom mews house found in an extremely quiet position conveniently located behind Lowndes Square. William Mews is a private, gated, road and the house benefits from a stunning roof terrace with far reaching views.
GBP £4,650,000 – 4 Bed Penthouse – Ennismore Gardens,Knightsbridge,London,SW7
A particularly charming penthouse maisonette, on the west side of this fine Portland stone terrace, providing just under 2,000 sq ft of accommodation over two floors.
GBP £2,999,000 – 4 Bed House – Ives Street – Chelsea – London – SW3
The house has well balanced accommodation and reception space as well as the benefit of an internal garage, under floor heating and air conditioning. Approximately 174 sq m (1,873 sq ft).
Property For Rent
PWC – Jakarta Predicted To Be Asia’s Top Real Estate Market
That growth in demand helped Jakarta jump 10 places from its 2011 ranking but PwC warns the city’s real estate scene is not entirely rosy.
GBP £995pw – 2 Bed Apartment – James Street -Marylebone – London – W1U
A beautifully refurbished two bedroom apartment to rent in Marylebone W1, located on the 2nd floor of a corner block, within close proximity to a wealth of cafes, restaurants and shops and excellent transport links.
GBP £750pw – 1 Bed Apartment – Dering Street – Mayfair – London – W1S
A brand new studio apartment for rent in Mayfair, finished to the highest specification and close to the world class amenities of Oxford Street and Bond Street.
GBP £2,100pw – 2 Bed Flat – Brick Street – Mayfair – London – W1J
Contemporary and well presented two double bedroom apartment to let in Mayfair, close to Park Lane and Shepherd Market.
GBP £850pw – 2 Bed Apartment – St James’s Square, St James’s, London, SW1Y
A recently refurbished two bedroom split level flat for rent in a popular modern building situated on a beautiful garden square.
GBP £450pw – 2 Bed Flat – Fulham Road, Chelsea, London, SW10
A fantastic, newly refurbished two bedroom flat to rent in Chelsea SW10. This modern flat is on the ground floor and benefits from wooden flooring throughout and a south facing patio garden.
Property Finance
Household Budget – How To Get The Most Out Of Your Money
Michael Ossei, personal finance expert at uSwitch.com pointed out that consumers are anticipating the upcoming Budget with a mixture of feelings – mainly dread & despair.
British Land Pumps In £1 Billion Into London’s Property Market
British Land, one of the Capital’s biggest property landlord has agreed to pump in £1 billion into acquisitions and new developments in the London property market. The country’s second largest property company tapped its shareholders for £500 million through a share placing and sold Ropemaker Place in the City for £472 million. The CEO of [...]
Home Loans – Mortgage Lenders Offers Low Deals To Help Boost The Market
One of the lenders on board is HSBC who has launched its lowest-ever two year fixed rate loan at 1.79% and is also offering competitive five-year and 10-year fixes at 2.78% and 3.99% respectively.
KLCC Property Holdings To Restructure Assets Into REIT
KLCC Property also announced in another separate filing that its wholly-owned subsidiary, Arena Merdu Sdn Bhd, had also signed a 15-year triple net lease agreement for Menara 3 Petronas.
Homeowners Given No Reason Why Mortgage Application Has Been Denied
According to research conducted by YouGov for Countrywide, 11% of people who are turned down when applying for a mortgage are given no explanation. 9% stated they were turned down because they were self-employed.
Property Sales In UK Drops 53% Due To Stamp Duty Charges
Property sales in the UK took a tumble by 53% after Chancellor George Osbourne hiked the stamp duty from 5% to 7% for homes valued at more than £2 million in March 2012.
Overseas Properties
Chinese Investors Snapping Up Spanish Properties.
According to property agents, at least 80% of all real estate on their books was sold to non-Spanish clients and Asian investors were particularly looking to the capital of Catalonia and the popular party island.
NY Groups Secures Tesla’s Laboratory – Renovation Plans To Follow
Alcorn said that the purchase of the property was a key first step but noted much work needs to be done before the group can realize its goal: “to create a fitting memorial to Tesla and a science center to benefit the entire world.”
Dubai To Host Real Estate Sustainability Conference In May.
The Dubai Land Department (DLD) has announced its plans to launch a new criteria and certification fro the construction of green buildings during the upcoming Arab International Sustainable Real Estate conference which is set to take place in May.
Spanish Properties Gets A Boost From Second Home Buyers
Properties in Spain are continuing to be in demand especially from second home buyers who are taking advantage of the low prices in the country.
Artificial Islands Turned Land Reserves in Hong Kong
The Hong Kong Development Bureau announced that reclamation sites in Sunny Bay, Lung Kwu Tan, Ma Liu Shui, Tsing Yi Southwest, Siu Ho Wan and somewhere between Lantau and HK Island will be transformed into the country’s artificial island reclamation.
Cyprus Property Market At Stake
As the financial crisis gets worse by the day, more and more Russians who own properties in Cyprus are finding ways to retain it while those who are keen to do so are currently putting their plans on hold to see if the situation will turn around for the better.
Latest Updates
Lower Mortgage Rates A Boost For First-Time Buyers
Based on Moneyfacts data, interested first-time buyers who are keen to fix their mortgage deal for five years will get an average interest rate of 4.83% rather than 5.65% last May.
Wandsworth The Preferred Borough Of Young Professionals
Apart from close proximity to to transportation links as well as new developments, Wandsworth also has the lowest crime rate in inner London.
Homes In Westminster To Benefit From Power Switch Scheme
The initiative, which is taking place Nationwide, works by pitting rival energy providers against each other in order to locate the company that will provide the best deal for a certain community.
