The mayor of London, Boris Johnson announced a hire-purchase scheme that will help many families on the subject of property ladder. A £42million plan for 500 flats has been devised, wherein the occupiers or families residing in rental flats have to shell out eighty percent of the total market price of the flat as rent. …
Category Archives: Property Finance
Property development faces recession
With the reports of bad credit, property market is facing gloomy days. Every industry has to face ups and downs; the property market too is facing the crisis. In the UK, there are people who can do well in terms of finance in residential as well as in commercial developments. All one needs to know …
Sales go up. Thanks to the low property prices!
England and Wales witnessed a fall in the property prices costing £157,000. The drop was 0.8% on January which was as low as ten percent in the last year. 17% potential buyers registered themselves with the estate agents and there was a rise in the sales by 35.9 percent. With the downfall of prices and …
Increase of rental properties have resulted in fall of rent values
A new research on property in the UK showed that as the number of rental properties available in the market has increased, there has been a decrease in the rents on these properties. One of the leading property search engines in UK revealed that there was an 88 percent increase in the number of properties …
New property in the UK is now ‘more reasonably priced’
According to the recent figures available, an increasing number of prospective property buyers in the United Kingdom are considering purchasing a new home because of the dip in property prices. As suggested by the data, in the United Kingdom, the cost of new-build homes fell by 2.1% in the month of January. This takes the …