Category: Property Finance
Spanish Property Value Continues To Fall
Fitch Ratings recently released a report revealing that the value of repossessed properties in Spain has fallen by an average of 48%. This is due to the fact that the majority of mortgages associated with real estate assets had a loan-to-value ratio of 80% or higher. Juan David Garcia, senior director and head of the [...]
Morgan Stanley Seizes O’Donnells Office Building
Morgan Stanley, the global financial service firm, has successfully taken over an office building worth €165m previously owned by corporate lawyer Brian O’ Donnell and his psychiatrist wife, Dr Mary Patricia O’Donnell after the couple failed to repay the loan that was taken out for the said building.The property is located in London’s prestigious Canary [...]
Buy-To-Let Continues To Grow
According to Colordarcy, a leading property investment company, the buy-to-let market is experiencing a boom in demand especially in areas such as Clapham, Wimbledon and South West London and the fact that these areas have good transportation link makes it even more attractive to potential buyers and investors both local and foreign alike. One of [...]
Property To Gold – China Is Making The Switch
According to the annual World Gold Council report,China is in the running to be the largest market for gold in 2012 all thanks to it’s continuous rise in investment purchase of gold & the rising sales in jewellery. The fastest growth was in sales of gold bars and coins for investment which caused the total [...]
London Hotspots – Property Owners Invests £100,000K In Premiums
There seems to be an increase in demand for London property investments. Such is the fact that owners are said to be willing to invest up to £100,000K in premiums alone! With London being referred to as a “safe haven” for property investments, it’s no wonder that there is such a rise in demand in [...]
London Hotel Market Outshines Property Market
According to a new study by STR Global and Whitebridge Hospitality, London hotel profitability over the last 11 years has outperformed the rest of the UK seeing the profit gap between London and regional hotels across Britain widen since 2000. London hotels between this time and 2010 have experienced a real gross operating profit. Having [...]
Autumn Statement 2011 – Mortgage Industry A “Disappointment”
Responding to today’s announcement that the temporary first-time buyer stamp duty concession will end on 24 March 2012 as planned, CML director general Paul Smee said: “It is disappointing to see the government withdrawing the stamp duty concession that currently benefits first-time buyers. “While the concession may not have stimulated additional demand, it was a [...]
The Legal Loophole That causes Taxpayers £1b
The super-rich are costing the taxpayer up to £1billion a year by exploiting a legal loophole which allows them to avoid paying stamp duty when selling their exclusive homes. The dodge involves transferring ownership of a property to an off-shore company so when it comes to be sold the buyer purchases the company as a [...]
London & Stamford Aims To Raise It’s Residential Portfolio – In Talks with International Investor
Veteran developers Raymond Mould and Patrick Vaughan, who lead London & Stamford, plan to take advantage of Treasury proposals set to be announced next month that could allow residential property investors to avoid stamp duty on bulk purchases and capital gains tax if the assets are held in an income-yielding Reit vehicle. London & Stamford [...]
Mortgages.co.uk Helps Homebuyers Find The Best Mortgage Rates
Homebuyers looking to secure the cheapest mortgage rate should head over to mortgages.co.uk for information, news and guides on mortgages, including remortgages. The recently relaunched site also features a mortgage calculator for an easy way to find out the true cost of a mortgage. From first time buyers looking to get their first property and [...]
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