London citizen sublet property during the Olympic Games 2012

May 16, 2012 Leave a comment

Tips London property during Olympic Games, UKLondon is preparing itself for the Olympics that are being held from 27th of Juli till the 12th of August. Because of the incredible amount of visitors London will get, it’s tremendously difficult to find a nice flat or property to rent. However most of the English people are complaining, some of them can’t wait to pack their bags, sublet their flat or room and leave London for a month.

The Olympic Games are being held in UK’s capital city this summer. Although, London has been host of the Olympic Games twice before, in 1908 and 1948, this year will be remarkably spectacular. Restaurants, bars, hotels and hostels are getting ready for the main event. Obviously, for the UK sport fans this year is the moment they have been waiting for their entire lives. Believe it or not, but not every citizen of London is as enthusiastic as the main stream. There are inhabitants who are subletting their property and moving away from London for a couple of weeks. “I’m not into sports and I’m sure London will be overcrowded. So instead of staying here and getting irritated, I sublet my flat and go on a short holiday myself!” is what they say.

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Rihanna moves to London, UK

April 24, 2012 2 Comments

Rihanna moves to London, UKLondon has to prepare itself for superstar Rihanna as she wants to move to the UK in May. During the summer, the Barbadian celebrity is filming a UK fashion show for Sky Living.  Rihanna considered buying a house in East-London in the beginning of 2012 but didn’t make an offer after taking the paparazzi and fans into account. She wouldn’t feel safe here as there were no gates to keep them away from her property in London.

This summer Rihanna, Nicole Roberts and Girls Aloud are searching for the best undiscoverd British designer. Therefore she is staying at least from May till July in the UK capital. A source tells the British sun that Rihanna is probably settling down during this period and enjoy life in London. Nevertheless, there will be short trips in Europe and elsewhere The Bajan beauty is really excited about her moving to London. She finds it an incredible city and can’t wait to go there. Also filming the UK reality fashion show is something she really looks forward to it and the crew seems to be impressed by the effort Rihanna is putting into it. Read more of this post

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Potential Issues for Owners of Second Properties

March 13, 2012 Leave a comment

Potential Issues for Owners of Second PropertiesIn recent years, a growing number of people have become owners of second homes, either as a result of an inheritance or of personal investment in buy to let properties. The increasing trend in the housing market towards renting flats and houses has led to the creation of a sizable leasing sector in all areas of the UK and beyond.

The extra income generated from these properties can prove extremely useful, of course, especially for those people who have suffered financially as a result of the economic recession, and there are many experts who are predicting further growth in the ownership of multiple residential dwellings in the coming years. Read more of this post

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Venice is attracting British property investors

February 14, 2012 Leave a comment

Venice is attracting British property investorsIn this recession, British property investors have changed their behaviour. They have abandoned emerging markets like Eastern Europe for quality places they know better and appreciate more. Venice, the famous Italian city which combines beauty with tradition, art and culture, is the perfect example for this change of paradigms.

Venice has been attracting tourists for a very long time. Its canals and architecture are an inspiration to many people and the San Marco Piazza, the Doge’s Palace and the Basilica San Marco are known all over the world. Recently, it has also become a favoured spot for foreign property investors, especially British buyers who seek to store their capital in Venetian property since the prices for the luxurious buildings are still rising. Read more of this post

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The UK rental market seems to have stabilised

February 8, 2012 Leave a comment

The UK rental market seems to have stabilisedOver the last few years in the UK, and especially in London, rents have risen at such a high rate that they do not seem sustainable anymore. With tenants already spending up to two thirds of their income on rent, they simply can’t afford to pay more. Thus prices seem to have peaked and the rental market is likely to stabilise furthermore in 2012.  

Caroline Kavanagh is the managing director of Townends Letting and Management and she shares the same point of view. According to her, landlords must consider the change in market dynamics. Whilst tenants have accepted nearly every rise of their rent for a long time, they now want to once again use their power as a consumer by looking for alternatives. Landlords will have to adjust and re-assess their rents accordingly.

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Superstitious Friday 13th shows property drop

January 13, 2012 Leave a comment

Superstitious Friday 13th still exists, as FindaProperty.com claim that today is one of the slowest days of the year for the property market.

Statistics show that there is a 32% slump with properties sold on this day than any other day of the month.

It has also been discovered that any association with the number 13 was also deemed unlucky, as sellers of a number 13 property receive 3% less (on average £6,511) than other similar properties without the number 13. Furthermore, number 12 and 14 properties were seen to sell 34% more than the number 13. Read more of this post

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UK Strike Action – How does this impact the property market?

November 30, 2011 Leave a comment

UK strikeThe UK Strike action planned for today is underway, and around 2.6 million public sector employees are making a stand.

The problem?

People are now being asked to pay more into their pensions, they are being asked to work for longer, they have to accept a pension which will be based on a ‘career average’ salary rather than the current arrangement where there is a final salary arrangement. Read more of this post

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