on Sunday, 30 January 2011 by Susana S
Double Dip Recession on the Way?
During the first weeks of 2011 reports about the UK economy have been nothing but negative and with the current governments refusal to see sense, it’s highly likely that we’ll see a lot more property repossessions in the coming years as we head into an almost certain double dip recession.
Rise in Cost of Living
Recent reports demonstrate their utter failure on economic policy. According to the governor of the Bank of England, Mervyn King, the value of workers pay is in the steepest decline since the 1920’s. This is because salaries are stagnant, inflation is increasing and everything costs more, therefore people are spending a much higher percentage of their income on essentials such as mortgage payments, utility bills, petrol and food and their wages are not reflecting the increase in outgoings.
Posted in Interesting Real Estate by .
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on Friday, 28 January 2011 by Christopher Middleton
Over the past three years the author, Robin Whitcomb, has been travelling the length and breadth of the country, searching out the nation’s quirkiest dwellings and the people who live in them.
There is everything from a double-decker bus in a Sussex field to a haunted castle on the Northumberland coast, from a 16-sided house in Devon to a disused railway station in Norfolk.
Posted in Interesting Real Estate by .
Feb 11
1
Low cost property auctions
on Thursday, 27 January 2011
Property auctions could be set to become more popular in the UK with more estate agents likely to take up the model as a low cost and efficient selling method, it is claimed.
According to Network Auctions, the national auctioneering firm partnering with estate agencies, their rapid growth is evidence that the industry has woken up to the benefits of selling this way.
The Network Auctions model provides estate agencies with a low cost, low risk, own- branded auction department, utilising their existing staff without affecting their core business, said auctioneer Toby Limbrick.
Posted in Interesting News Real Estate by .
on Monday, 24 January 2011 by Ray Clancy
Rents fell for the first time since January 2010, according to the latest Buy to Let Index from LSL Property Services, which owns the UK’s largest lettings agent network, including national chains Your Move and Reeds Rains.
Christmas spending brought a surge in arrears, with 11.7% of all UK rent in arrears, rising from 9.7% in November. Total annual returns also declined as house prices continued a steady fall.
Posted in News Real Estate by .
on Tuesday, 25 January 2011 by Ashley Brunskill
The housing crisis in the UK could be alleviated if green and sustainable building methods replaced traditional construction procedures, the Royal Institution of Chartered Surveyors (RICS) has claimed.
Research commissioned by the organisation found that there are currently 80,000 fewer new homes being built than are required to tackle population growth and undersupply.
Green construction methods could boost the industry, the report claimed, particularly the use of off-site modular construction and recycled materials.
Posted in Interesting News by .
Jan 11
27
UK property rent attitudes changing
on Monday, 24 January 2011
In the latest fourth quarter survey from the Association of Residential Letting Agents, some 71% of landlords asked said they felt renting was more popular now than a year ago. In 2009 the figure was just 35%.
And, when asked about attitudes to renting and whether consumers would rather buy than rent, the majority of respondents, 67.2%, felt that people were being forced to rent, a slight drop on the previous quarter which was 71.6%, but still up on the same perios of 2009 which was 54.2%.
Posted in News Real Estate by .
on Wednesday, 19 January 2011 by Ray Clancy
There are a number of factors to consider with regards to the UK property market which include:
The cost of living
Jan 11
13
Property’s ticking time bomb
on Tuesday, 11 January 2011
According to local government projections, the number of UK households will grow by over 250,000 a year, up to 27.8 million, by 2031. This will be driven primarily by an ageing population, where households comprising of people aged 65 years or more will grow from 25% of the total in 2006, to nearly a third (32.1%) in 2031. This trend will swell single occupancy dwellings from 31% of the total to 39% in the next twenty years.
Posted in News Real Estate by .
