Local UK city prime homes peform better than London

August 31, 2011 Leave a comment

UK regional prime property pricesA new report from Primelocation has stated that local UK city prime homes peform better than London, in cities such as Bristol, Sheffield and Cardiff have been peforming better than the UK capital London itself.

According to new figures cities such as Manchester have witnesed a price increase of 7,9% in the first six months of the year. Likewise Sheffield prime property prices have increased by 10,6% and Cardiff 8,1% increase. Overall the prime property prices have increased by a total of 3,4% in the first six months oft he 2011 financial year.

London being a traditional hub of prime property has proven that investors are looking outside oft he capital to cities which have more potential to expand and grow. The only area that recorded a lower growth in the Prime property market segment was Merseyside with prices falling at an average of 0,8%. Consiquently the average Prime property asking price has in July increased from £467,310 to £469,702. Read more of this post

Filed under Future housing market, House prices, Housing market, Property market economy, Property news Tagged with , , ,

Dublin house prices went down after their peak in February 2007

August 30, 2011 Leave a comment

Dublin skyline showing some houses of whome the price recently went down

The Dublin house prices that experienced a peak in February 2007 went down by almost 49 per cent. The Central Statistics Office recently released their new report that stated these new figures.

The Irishtimes took a closer look at these new numbers and published the key facts of the evaluation of the property price index today. Generally speaking, property prices have dropped by 12.5 per cent in the year to July. When comparing the year to July 2010 to the same time this year, the annual descend of the property prices was recorded to be amplified by almost 49 per cent. Read more of this post

Filed under House prices, Housing market, Property market economy, Property news, Rents Tagged with , ,

Buying a property has become cheaper than renting for first-time buyers since 2008

August 29, 2011 Leave a comment

Buing a property like one of these is cheaper than renting oneSince 2008, property prices have together with considerably low interest rates been gradually falling and have made buying a property cheaper than renting one for first-time buyers.

This new report regarding the housing market was released this morning by the Telegraph in an interesting article concerning first-time buyer’s property investment situations.

According to a new research made by Halifax, buying a property can be over £100 a month cheaper for first-time buyers than renting a house or a flat.

When first-time buyers consider buying a two-bedroom flat these days, they have to face an average monthly cost of around £567. The average rental price for a similar property is about £110 higher. Read more of this post

Filed under House prices, Housing market, Property market economy, Property news, Rents Tagged with , ,

Interior Design Saturday – Introduction

August 27, 2011 Leave a comment

living room styled in a harmonic wayDesigning your dream home is easier than you might think. Each Saturday, we would like to share some of our personal knowledge with you in order to help you create the perfect living space. In any case “perfect” is defined by YOU! Always pick colours, furniture and decoration that you like. Nonetheless, there are some simple things that you should take into consideration when decorating your dream home.

We would like to introduce you to these “rules” that are more what you’d call “guidelines” than actual rules. Guidelines that will hopefully enable you to understand the process of designing an indoor space a lot better and make it easy for you to see why certain individual aspects have an overall effect on the atmosphere and environment of a room. Read more of this post

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Top 5 seaside destinations in the UK

August 26, 2011 Leave a comment

Top 5 seaside destination in the UKThe British coastline is attracting more investors than ever stated the Telegraph due to new modern developments throughout the nation. The top 5 seaside destinations in the UK have been regarded as having some of the most attractive and stunning coastlines in the United Kingdom.

In recent years the new development of new apartments and houses on the coast has begun to attract an ever increasing amount of holiday home investors and pensioners. Redevelopment of many deprived areas and old buildings has taken advantage of the stunning UK coastline.

1. Salcombe, Devon

One of the most popular UK seaside destination the long waterfronts and sheltered harbour is especially popular with yachties see the list

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Student living costs have increased by five percent each year since 2004

August 25, 2011 Leave a comment

Students study together - something that is becoming more expensive with the rising living costsThe student living costs  have increased tremendously in the past years as a new research by Family Investments suggests.   Since 2004, the costs of living have increased by five percent.  The increase does not include the annual tuition fees, while these costs have risen considerably as well.

In just one year living costs have risen by £42 a month, meaning that students now spend £795 a month, compared to £752 last year.  These figures add up to an annual living cost of £9,541 instead of £9,031. Since 2004,  the monthly cost for living was around £561 but now the costs for students have risen overall by 34 percent.

The biggest single expense is the rent that students have to pay. On average, a student spends £163 a month for this. Read more of this post

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School catchment area properties preffered by homebuyers

August 24, 2011 Leave a comment

catchment area properties A new report released by the Santander bank has stated that mortgage customers prefer and highly prioritise properties in terms of catchment area. Over a third of homebuyers stated that they would pay an extra £12,000 for school catchment area properties on top of their mortgage.

The majority of families concerned about catchment areas are those with children under ten years old. However 26 percent parents of children aged 11 to 17 years old, also stated that the catchment area of their selected property played a key role in their final decision.

Nonetheless in the north east of the UK catchment areas were seen in the past by only 6 percent as a key factor in purchasing a home. However in recent times 16% of people planning to buy a property in the same region have payed attention to this factor. Read more of this post

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Commercial property in London as a great investment to start a business

August 23, 2011 Leave a comment

Commercial property in London has some advantages including the presence of the Olympic GamesLondon is a superb place to enter the property investment market, holding many advantages in store for start-ups in the commercial development branch.  London is a remarkable place to start a business and a viable and profitable investment in the commercial property market.

The London senior development manager at the Federation of Small Businesses (FSB) Matthew Jaffa recently commented on the commercial property market in London. Stating, that one of the best investments of a business development company would be to secure a deal in the capital. He is sure that the Olympic Games in London are going to bring the perfect opportunity to invite customers and partners to the city. Having an office there is not only advantageous during the Games next summer but also in general. Read more of this post

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Kitchen design top tips

August 22, 2011 Leave a comment

Top renovation tip to improving your kitchenA couple of easy and simple kitchen design top tips into creating your dream kitchen and improving its asthethic and functional features.

In a time where money and time are becoming more and more valuable, homeowners are seeking to save money and decorate their own kitchen in there own individual style. Homeowners can save up to £5,000 by merely combining clever mosaic and junk shop scouring and incoporate it into their own kitchens design.

Although the entire process of renovating your kitchen may sound easy and relativly cheap, kitchens are the most expensive of all rooms in terms of expenditure. However there are a few points that you should keep in mind whenever you are planning on renovating or installing your own kitchen. Read more of this post

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Rental prices keep rising, shown by new numbers of a recent survey

August 19, 2011 Leave a comment

Flats in Manchester where rental prices rose like everywhere else in the UKThe prices for rental properties have reached a high recently with a steadily high demand for it. BBC took a closer look at the annual report of LSL property services and evaluated their survey about private rents in England and Wales and found out that rental prices keep rising.

According to this report of the company of letting agents, LSL property services, rents reached an amount of £705 per month on average in July. The average private rent that had to be expected in Scotland in comparison reached £663 for a month, according to Citylets a rental website. In England and Wales rents have increased on a monthly basis for six month in a row now.  Each month the rents get higher and higher, the most recent numbers show that rental prices rose by 0.6% last month. Read more of this post

Filed under Property market economy, Property news, Rents Tagged with , ,

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