Renovated London property valued at £200m
The London property market has its fair share of luxury properties most of them running into millions of pounds but by far the most expensive residence is an address in central London owned by Qatar’s royal family.
UK home owners cashing in & downsizing
New research shows a high percentage of UK properties currently for sale belong to baby boomers who are now ready to downsize in order to realise the equity that has amassed in their property.
UK Buy to let lending drops in first quarter
New figures released from the Council of Mortgage Lenders last week show a drop of 5 per cent in the levels of Buy-to-Let funds issued during the first quarter of 2012 when compared to the amount issued during the last quarter of 2011.
No move on UK interest rate
Last week the Bank of England announced the decision to keep the base rate at 0.5 per cent for the 38th month in a row but lenders are beginning to raise the interest rates on UK mortgages.
UK industry supports squatting law
UK property owners will be protected against uninvited guests later in the year as the act of squatting becomes a criminal offence at long last following years of campaigning.
UK house values dropping daily
A report published by the Halifax last week said that UK property prices had fallen by almost 2.5 per cent during April which equates to more than £900 – bad news for anyone hoping to sell their home anytime soon.
UK house prices on the slide
The UK property market is expected to remain flat in the months ahead at least until there is a positive change in the economy according to several leading sources.
UK mortgages set to increase
Recent news bulletins confirming that the UK has slipped back into recession is unwelcome news for countless cash-strapped families struggling to balance the books each month.
Increased demand for UK homes
At the end of the first quarter several leading UK property agent chains report a good start to the year with increasing numbers of prospective buyers looking for their next move.
Olympic demand for London rentals
With less than 100 days to go before the start of the Olympic Games London property owners are hoping for a crowd of overseas spectators looking to rent a private property for the duration of the Games.