Stamp duty is one of the biggest nightmares for any property developer. The National Association of Estate Agents (NAEA) set out some proposals to deal with stamp duty issues. The NAEA proposals include increasing the one per cent threshold to £200,000 and £300,000 for the two percent threshold, for £2 million-plus properties they’ve proposed a …
Monthly Archives: February 2008
Can You Afford Your Next Property Development Project?
It’s very important to make sure that the property you’re planning to develop is the best investment, before investing any money in it. You need to consider: The set up costs involved with acquiring the property (estate agents or legal fees, deposit, the actual property price). Any renovation and refurbishment costs (labour, materials, decoration, etc…). …
January was a Positive Month for the UK Housing Market According to the NAEA
According to the National Association of Estate Agents (NAEA), the UK property market witnessed a positive trend in January. The NAEA could verify in figures released recently that the property market was gaining momentum in some areas including the amount of houses currently for sale and the number of potential buyers. Over the month of …
Top Seven Property Development Success Factors
1. Knowledge of government and council policies Knowing government and council regulations and processes is crucial. Knowledge of tax, legislation and financial implications helps you in all aspects of property development. 2. Build houses that currently sought after In property, location and style is everything. It’s very important to buy property in the right location …
Pay Your Mortgage Early for a Better Retirement
Typically the mortgage is what determines when you can retire, and will certainly make a difference in your quality of life after retirement. Keeping the payments up is a great way for borrowers paying off their mortgages early. It may sound hard to do this but is not. If you keep paying the same amount …