NEWS ARCHIVES

NEWS ARCHIVE FOR DECEMBER 2008

Dubai, Egypt and Tunisia 'top investment locations for 2009'
31st December 2008
Overseas property investors keen on expanding their portfolios next year have been advised to turn their attention to Egypt and Dubai, which have...

Prices decline for 15 consecutive months
31st December 2008
New data from the Land Registry shows that house prices continued to decline for the 15th consecutive month with England and Wales recording a...

First-time buyers to get 'bang for their buck'
30th December 2008
First-time buyers stand to get far better value for their money as house prices continue to decline, a property insider has stated.According to Paul...

Lenders and consumers hold key to recovery
30th December 2008
Mortgage lenders and consumers hold the key to the UK housing market recovery and the next 12 months could make or break the market, the National...

Property investment 'is safe' in Brazil
29th December 2008
There is no instability in the Brazilian housing market so it is safe for foreigners to buy property in the country, according to the Brazilian...

Rics: House prices to fall, but sales could rise
24th December 2008
First-time buyers and others investing in the property market are likely to see a continuing fall in prices next year, but a possible rise in...

Dubai 'top for long-term property investment'
23rd December 2008
With the jobs market in the emirate continuing to be strong, Dubai remains one of the best long-term destinations for property investment, experts...

Egyptian economy benefitting from global situation
23rd December 2008
While a large number of countries suffer from the fallout of the global credit crunch, certain sectors of the Egyptian economy are benefiting from...

Bulgarian port welcomes record passenger numbers
23rd December 2008
The International Port of Svishtov in Bulgaria has experienced a significant boom in passenger numbers over the past 12 months, new figures likely to...

Public pressure to drive home energy efficiency levels
22nd December 2008
Home builders will be pressured into constructing eco-friendly homes from the bottom-up, rather than from the top-down, experts have claimed....

Government 'needs to incentivise mortgage lending'
22nd December 2008
The government needs to take the initiative and do more to boost fresh home loan borrowing across the UK. That is according to the Council of...

Shared equity schemes 'benefit all parties'
22nd December 2008
With home loans becoming harder to obtain as mortgage providers attempt to shield themselves from the fluctuations in the global credit markets,...

Outlook for 2009 'better than 2008'
19th December 2008
Next year may see property prices continue to decline by around 12 per cent but in spite of this, the outlook for 2009 is more positive than 2008,...

More households expected to be in arrears next year
19th December 2008
Some 500,000 households are expected to be more than three months in arrears by the end of 2009, according to the Council of Mortgage Lenders (CML)...

Investors should not be 'kicked while they are down'
19th December 2008
Commercial property investors need all the help they can get to survive the credit crunch but the government's empty property tax reprieve means that...

2009 will be 'challenging' for mortgage market
18th December 2008
Lower mortgage rates may be available for property investors who remain in employment in 2009, the Council of Mortgage Lenders (CML) has said.The...

Investors feel now is the best time to buy
18th December 2008
Many people in the UK are of the opinion that this is the best time to buy a property in spite of reports suggesting further gloom for the housing...

Survey shows first-time buyers increasing
18th December 2008
First-time buyers may be taking advantage of falling house prices to get their hands on property that may have been out of their reach previously,...

Pensions to be cut to make up for past overpayments
17th December 2008
Hundreds of pensioners in Northern Ireland could see their public sector pensions cut from next April. Following the recent revelation that as many...

Landlords urged to 'manage the risk' of credit crunch
17th December 2008
With the current economic climate causing some tenants to fall behind on their rents, landlords have been urged to take precautions and to...

'Too early to tell' if tenancy deposit rules favour landlords
17th December 2008
More than 18 months since the government-backed Tenancy Deposit Scheme was launched, the jury is still out as to whether adjudicators manage to be...

SimpliGroup honoured for supporting reservists
16th December 2008
SimpliGroup, a leading property and finance specialist in the UK has been honored with recognition from the Supporting Britain's Reservists and...

Mortgage brokers offer 'better service'
16th December 2008
Property investors may be glad to hear that the number of mortgage brokers unable to assist people because of lenders offering better deals directly...

£400m deal to benefit first-time buyers
16th December 2008
First-time buyers are set to benefit from a £400 million deal that has been introduced by the government in a bid to help them get onto the...

Pensioners get £4bn boost from govt
15th December 2008
Pensioners are set to receive a £4 billion boost from the government, which has announced the biggest rise in the basic state pension since...

People advised to understand IHT planning
15th December 2008
Getting proper advice on inheritance tax (IHT) is vital to ensure you avoid an unnecessary IHT burden, people planning their pensions may be...

Early 2009 a 'window of opportunity' for buyers
15th December 2008
Homebuyers and property investors with high levels of equity and good credit ratings will benefit from a "window of opportunity" in early...

Pensioners' interest 'should be tax-free'
12th December 2008
Interest paid on savings accounts for UK pensioners should be tax-free, one of the largest societies in the UK, Skipton Building Society has...

Interest rate cuts tempt buyers back to the market
12th December 2008
Steep interest rate cuts seem to have worked their magic on property investors and for the first time in two years, the number of people looking for...

Lack of mortgages holds back buyers in Northern Ireland
12th December 2008
Property investors in Northern Ireland are showing signs of returning to the market, according to figures from the Royal Institution of Chartered...

New platform to help investors through credit crunch launched
11th December 2008
A leading property and finance specialist has launched a new platform to help property investors ride through the financial downturn currently...

Lenders' caution 'harming market'
11th December 2008
In spite of government efforts to ensure there is more money in mortgage markets, many lenders are still cautious and this is harming the property...

'Real bargains' to be found in Dubai
11th December 2008
Overseas property investors have been advised to turn their attention to Dubai where property developers are said to be "offering some real...

Buy-to-let investors need to justify withholding deposits
10th December 2008
Buy-to-let property investors must provide sufficient evidence if they need to withhold part or all of a tenant's deposit, the government-approved...

Reduction in red tape encourages investors
10th December 2008
Overseas property investors are more likely to purchase foreign property in countries that do not have a lot of red tape, an overseas property expert...

Cape Verde potential highlighted
10th December 2008
The potential that Cape Verde holds for overseas property investment returns has been highlighted by an industry insider, who says the variety of...

Renewable energy adoption held back by planning permission
9th December 2008
Planning permission laws need to be relaxed to enable property investors to shift their energy sources to alternative energy solutions easily,...

Buy-to-let investors should choose 'financially worthy' tenants
9th December 2008
Buy-to-let property investors have been advised to put in place a strategy to deal with expected rent arrears in coming months as the credit crunch...

Changes to Hips introduced
9th December 2008
The home buying and selling process is set to benefit from a new package of measures designed to ensure consumers receive better information when...

Repossessions can turn pleasant neighbourhoods into 'ghettos'
8th December 2008
The Homeowners Advice Centre has spoken out against repossessions by stating that mass repossessions by mortgage lenders have the potential to ruin...

Brits use property as banks
8th December 2008
Financial fear has led property investors to use their homes as safe havens for their cash but instead of the money being in brick and mortar; it is...

Pensioners warned against house-sharing to avoid inheritance tax
8th December 2008
Property investors have been warned against going into house-sharing arrangements to avoid the inheritance tax implications after death as this can...

Channel Islands and Isle of Man have 'good potential'
5th December 2008
The Channel Islands and Isle of Man hold good property investment potential for savvy investors keen on expanding their portfolios, a residential and...

Students have potential to bail out buy-to-lets
5th December 2008
Buy-to-let property investors may want to concentrate their efforts on providing student accommodation in London, following news that at least...

Buy-to-let investors have to be 'clever'
5th December 2008
It is crucial for buy-to-let property investors to put in place the best strategy to maximise the returns on their investment, otherwise they risk...

'Best opportunity for buying' in 20 years
4th December 2008
Despite the doom and gloom permeated by market conditions, the current property market presents "the best opportunity for buying" in 20...

Dubai set to attract more after clinching accolade
4th December 2008
Overseas property investors keen on getting on to the holiday home market abroad may be interested to hear that Dubai has been named the world's best...

Better deals available as prices decline
4th December 2008
Buy-to-let property investors are in a good position to make investments as property prices continue to decline, a property expert has...

Rental sector is still in its 'infancy'
3rd December 2008
Property rental and buy-to-let is a new concept in the UK and needs to come to terms with the needs of today's tenants and their demands, an expert...

Property fraud in emerging markets increasing
3rd December 2008
Overseas property investors keen on taking advantage of declining prices to snap up bargains in emerging markets, especially in Bulgaria have been...

Queen's Speech should touch property sector
3rd December 2008
The construction industry has been badly affected by the credit crunch and is now facing the biggest challenge for many years, the Federation of...

The internet can save money, buy-to-let investors told
2nd December 2008
As the economic downturn continues to affect many across the world, making savings in every area possible is important, especially for buy-to-let...

Pensioners lose billions in slump
2nd December 2008
Consumers have been advised to pay more attention to their pension from an early age following revelations that almost £45 billion has been lost...

'Very important' to select the right tenant
2nd December 2008
Property investors finding themselves opting to rent rather than sell their investment due to the credit crunch may want to know that selecting the...

Prime London property continues to decline
1st December 2008
Property investors eyeing prime residential housing in central London may be pleased to hear that prices in this area fell by 3.6 per cent in...

RBS to give struggling homeowners six-month grace period
1st December 2008
The Royal Bank of Scotland (RBS) has taken a stand on repossessions that may herald a more lenient attitude from lenders towards people struggling...

'Location is everything' in property investment
1st December 2008
Property investors taking advantage of falling house prices to secure bargains on properties should not forget the important role location plays when...