UK investors hope recovery in property market
May 4, 2009
If recent reports are to be believed, then UK property investors are expecting an improvements in the property market. This will be done only when the market stabilises.
The overall economy and its impact on the British property investment have been studied by the consultants from the API.
Due to recession, this year’s rents will yield low income. Aberdeen Property Investors (API) has also claimed that any type of recovery, at any point of time will be a good sign not only for the property owners but also for the property market.
Many foreign investors are interested in the UK property market. This is because; the price of sterling has dropped down. The firm stated that such movements will prove to be a great help for the property market. The company further claimed that it is usual if there is a strong recovery of market correction.
The company said that due to global economic crisis, there has been a downfall in the property market. This one is the worst since 1980. In terms of financial crisis, the present year has seen a terrible fall.
Lombard Street has studied the market and has concluded that it will require at least a year for bottoming out.
Popularity: 22%
UK property re-welcomes foreign investment
May 3, 2009
House prices in the UK have risen by 0.9 per cent, paving way for the revival of the set back that the UK property market has experienced during the global economic slow down. According to The Daily Telegraph, this rise in prices has encouraged the founder of eastyJet, Stelios Haji-Ioannou to set up plans for real estate investment in London.
Stelios said that he was looking at the real estate market in London as he did not own property of any kind in UK currently. Plans for an investment fund is what Stelios has indulged in due to his interest in commercial London properties that he plans to purchase at a cheap rate.
There are many other investors in London that following Stelios’ example and investing in various property schemes available to them.
The value of the pound has weakened, standing out as a reason for the refreshing foreign interest in UK property. It is therefore hoped that this increasing interest will change the face of the UK property market, leading to the increase in property prices.
Presently the property in UK is a good choice for those people who own investment savings of 0.66 per cent on an average account and 3 per cent for accounts that are at a fixed rate for long term.
Popularity: 17%
Your guide to loft conversions
May 2, 2009
Most homes are equipped with lofts that are primarily used for storing Christmas decorations and other things. However, lofts can be effectively utilised. Lofts are very versatile and can offer extra space, too. It depends on you as to how you capitalise on all the extra space.
Loft conversions are a popular way to make the most of the space available. Most lofts can be easily converted to useable, larger living areas. Lofts can be converted into extra living rooms, bedrooms, shower rooms, home office or a spacious play area. The possibilities are endless. You have options galore.
Loft conversions have many advantages. You can create anything you desire out of lofts. Loft conversions add extra space to your property. They also enhance the value of your property. In fact, loft conversions are an excellent way to up your property rate. They are a cost effective way of home improvement. You need not even consider moving out.
Contact professionals to get your loft converted. They are skilled and qualified to make the most of your extra space. Professional services are time saving and cost effective.
Make sure you comply with all the rules and regulations pertaining to loft conversions. Fire safety and ventilation are other aspects that demand attention.
Loft conversions are a popular way of extending your home. Why should you waste an iota of extra space in your home? Converting your loft into a useable room makes a lot of sense.
Popularity: 17%
Former hospitals redeveloped by HCA for housing scheme
May 1, 2009
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 woods and includes a golf course. With the Hospital Sites Programme plan, HCA plans to include 67 such sites like Long Grove. The outcome is expected to include and provide 14,000 new and inexpensive homes in England.
With Long Grove, there are plans to develop two other similar sites that will include between 710 and 1,000 homes. The two sites cover 133 acres and will also include a hotel, community facilities, and a conference centre. Homebuyers will have a wide choice of homes to choose from, ranging from flats to luxury houses, depending on which ever fits their budget and requirements. 40 percent of all the houses will be offered at lower and reasonable prices.
This housing scheme is ideal for both first-time buyers and experienced property buyers. It offers first-time buyers the chance to buy their own property, depending on their desires and needs.
Popularity: 20%
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