Archive for August, 2008
Property Auctions
Why sell at auction? This gives our vendors another avenue to promote their property to serious buyers such as property investors and first time buyers who attend auctions Ideal property/candidates for the Auction include: Sellers requiring a fast sale and completion. Properties with common defects: short leases, incomplete titles, structural problems, construction types. Properties which [...]
45 percent lesser sales for London Properties
The growing malaise in the UK housing market is expected to be underlined this week when Savills, the estate agent that specialises in selling upmarket properties, confirms that transactional volumes are down about 45 per cent on this time last year. In a separate blow to the industry, Foxtons, which is famous for its [...]
London House Prices Fall by 5.3%
The almost unthinkable a year ago has now happened with London house prices falling by 5.3% in the last month, according to the figures. Like many other parts of the country, the capital has even found itself falling into ‘negative equity’ territory for asking prices year-on-year. Meanwhile, it has been predicted that hundreds of thousands [...]
Indians Rescue London’s Property Bubble British Land Projects Delayed
Britain’s property agents are now targeting an estimated 1.25-lakh Indian dollar millionaires, who are expected to invest nearly $30 billion ( Rs. 1.2 lakh crore) over the next decade in London properties. Enquiries have come in for luxury homes worth more than 500,000 pounds in some cases — that is more than Rs. 4 [...]
London Property Prices Fall
Aug. 7 (Bloomberg) — U.K. house prices declined the most in at least a quarter century in July as banks starved the housing market of credit and pessimism about the economy increased, an HBOS Plc report showed. The average cost of a home fell 8.8 percent to 177,351 pounds ($345,825) from a year [...]
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