Property Consulting

London house prices have sky rocketed!

The average house price in London has increased by approximately £11,000 in just one month. Property prices are rising at their fastest rate for more than five years as buyers flood back into the market, according to official figures today. It means London prices have risen by an average of more than £55,000 since the start of the pandemic two years ago. This is making it ever harder for young buyers to climb on or up the property ladder. Although the wider UK market may be susceptible to higher mortgage rates and the increasing cost of living, this is less likely to faze

Property Consulting

How to make your investment property more secure:

Statistics show that the number of burglaries have fallen since 2019. However, to date it is known that being a victim is incredibly expensive and upsetting. Thus, it is important to ensure your home and investment property is as safe as possible from other things such as floods and storms. Close your blinds and curtains at night Fake a goodbye whenever leaving the property Set some lights on a times Leave a car in the driveway Lock gates and secure loose panels You should also move your rubbish and recycling bins out of the path of the wind if possible, or make sure the

Property Consulting

Standard Bank indebted to property companies:

Recently released 2021 financial statements for the financial services group show that the company has extended N$12,7 billion in mortgage loans. The company made a profit of N$371 million for the 2021 financial year and shareholders' cut was 31 cents per share for the whole year. The deal is, however, still subject to regulatory approvals from the Bank of Namibia, the Namibian Competition Commission, and the South African Reserve Bank and can only be implemented after these approvals have been received. ______________________________ How much of an effect does this have

Property Consulting

Resolving the property overhang:

The National Property Information Centre (NAPIC) released its overhang numbers for 2021 last week, it revealed that Malaysia is still far from resolving an issue that has been plaguing the property market for years. The statistics also showed that the level of overhang in the country is at its highest since 2018. The number of unsold units under construction improved, dropping by 2.1% to 70,231 units. However, the number of unsold units not constructed recorded a sharp increase by 69.2% to 21,960 units. Investors in search of quicker returns may decide to turn to the finan

Property Consulting

Cabinet to discuss easing in property brokerage bill:

This week, the cabinet is to discuss revisions to land rights and property brokerage laws with Democratic Progressive party to attach an exclusionary clause to a proposed ban on the transfer of presale housing contracts. It aims to curb short term property speculation, specifically about the transfer of presale housing contracts, which require small amounts of money and are often blamed for pushing up housing prices. The bill would then be forwarded to the legislature for review before taking effect. _____________________________________ What do you think will be the imp

Property Consulting

Property tech firm Deepki gets €150m backing as it eyes international push:

Real estate software firm Deepki has received a  a €150m funding injection today as it looks to rollout its property data intelligence software to firms across Europe.  a €150m funding injection today as it looks to rollout its property data intelligence software to firms across Europe. The real estate sector is currently responsible for around 40 per cent of global carbon emissions, and bosses at Deepki said more than $5tn of investment is needed each year to decarbonise the sector . Commercial real estate with poor ESG performance is already being affected by brown disco

Property Consulting

Foreign ownership of U.K. property must be restricted urgently:

It has been clear for years that foreign ownership of UK property and land must be restricted. Any involvement by offshore trusts should be banned. These restrictions would help prevent, or limit, situations like the present one. More importantly, with a housing shortage that affects large numbers of us, such restrictions would help constrain increasingly ridiculous property prices. It does no favours to any of us if successive governments fail to legislate to prevent the sale of properties to those who use them as vanity projects (often unlived in), and the UK merely as a

Property Consulting

Get paid £1,000 for saving: Lifetime ISAs

Lifetime ISAs were launched in April 2017 and a total of £1.25 bln were deposited in 2019-20 alone. Using a LISA one can buy a first home which cannot cost more than £450,00 but otherwise the savings cannot be touched until you are 60 or fall seriously ill. The big con however is the exit penalty. To open one, you must be aged 18 or over and under 40. You can deposit up to £4,000 each tax year and earn a 25 per cent bonus on contributions up to £1,000 a year. The £4,000 counts towards your annual £20,000 Isa allowance. To avoid forfeiting the 'free money' and losing some o

Property Consulting

Evergrande has suspended trading, again:

China's property giant has suspended trading in Hong Kong again, this is according to a notice from the stock exchange. China's property firms have struggled in the wake of Beijing's drive to curb excessive debt in the real estate sector. The suspension -- the second this year -- comes ahead of an expected $2 billion repayment obligation on Wednesday, and another next month of $1.4 billion. Earlier struggles to pay suppliers and contractors due to the debt crisis led to sustained protests from homebuyers and investors at the group's Shenzhen headquarters in September. The

Property Consulting

Luxury residential scheme hits the market!

Property investors are being targeted as a new £3million luxury residential hits the market. Andrew Parker, managing director, and auctioneer at SDL Property Auctions said: “It’s rare to see a property in such a prime location come to auction and we expect interest to be high given its proximity to the city centre and the history of the building itself." A former Nottingham police station is set to go to auction this month with plans to transform the building into £3m residential apartments overlooking the city’s affluent Park Estate. _______________________________ Do