If you want to be in property development then it seems that the East Midlands are the place to be. Here, asking prices rose by 1.5 per cent in August but that was not reflected across the rest of the country where there has been a downward trend over the last couple of months. Most …
Category Archives: Latest News
Smokers telling pork pies
Renting a home is not always an easy process. But some people find it so difficult to find the right property that they resort to lying. In fact, new statistics show that a third of smokers lie about their habit in order to secure a rented property. Finding a property that will accept smokers is …
Former hospitals redeveloped by HCA for housing scheme
In response to the mortgage and housing crisis in the United Kingdom, the Housing and Communities Agency (HCA) has planned to redevelop 96 former prison and hospital sites. One among the planned redevelopment is the Long Grove Hospital in Surrey that was closed in 1992. Presently, Long Grove is a flourishing estate surrounded by dense …
Budget could reach the REIT solution
With the financial economy struggling and the FTSE dropping below 4,000, there is a demand from the British Property Federation to the Treasury to reform the Real Estate Investment Trust (REIT) regulations. At present, the REITs which came into existence on January 1 2008, gives perks to landlords. Landlords are largely free of corporation tax …
UK property market could soon witness rent stabilisation
During the past one year, there has been a sharp fall in property and home rents. And tenants, who are looking for more reductions in their rents, may be unhappy, as it seems that landlords have already reached their limits. Estate agents have suggested that properties which have a rent of £1,000 per week or …