Results tagged “property”
By Steven Davies
Lower interest rates have prompted an industry body to rethink its prediction of the number of homes likely to be reposessed ths year.
Although the housing market remains in a precarious position, the Council of Mortgage Lenders believes the fall in rates combined with increased levels of tolerance from lenders and government intervention schemes has given a spark of hope to those facing reposession.
By Steven Davies
A body that represents letting agents launched a new scheme last week designed to protect tenants from unethical practices in the industry.
Agents who belong to the Association of Residential Letting Agents (Arla) will have to abide by a new code of practice, meaning they will have to secure professional qualifications and set aside time to make sure these are up to date.
By Steven Davies
A housing scheme aimed at encouraging private institutions to pump cash into building new homes was launched by a government body last week.
Stressed workers losing the epic struggle for peace and quiet at home might be about to retreat into futuristic escape pods lurking in the corner.
This Mork and Mindy-style capsule - featuring games systems, surround sound and air conditioning - is on show at Grand Designs Live.
Pan Peninsula buyers admit they "don't know which way to turn" as they strive to pay for their homes.
Ballymore has advised purchasers that speaking about their plight may be "counterproductive" to their bid for finance, creating a "negative hue" around the luxury Millharbour development.
By Victoria Clayton
Homeowners could be earning more than £4,000 a year tax-free through a government backed rent-a-room scheme. A study by Big Yellow Self Storage, which is supporting the initiative, estimates UK residents could generate £38billion in income if they rented out all the spare space in their houses.
Buyers at Pan Peninsula are desperate to re-negotiate their contracts with Ballymore after becoming overwhelmed by rising costs.
As reported in The Wharf last week, the sharp drop in property prices has hit the luxury development hard, with some units falling in value by nearly a third in just over two years.
Falling property prices have left many Pan Peninsula buyers struggling to pay for their dream homes.
Buyers flocked to snap up apartments in the Millharbour development just over two years ago. But some are now reportedly making "irrational" decisions to meet costs.
Is your spare room stuffed with old boxes, extractor fans and broken TVs? Why not make some money and fill it with a person instead?
It's an idea that's occurring to an increasing number of people in Docklands, especially with the Olympics just around the corner.
As you may have heard, the property market is looking good for those who want to rent.
Reduced interest rates mean many of those who are letting their properties out are paying less for mortgages and that saving is being passed down the chain to tenants.
Panoramic views of Canary Wharf and Greenwich Park can be enjoyed from the windows of an upcoming development.
Seren Park is just a few steps from Maze Hill station, and developer Urban Solutions is hoping to provide an “escape from the city in the city� for hard-working homebuyers.
Agents are reporting a "glimmer" of hope in the housing market.
Property prices fell for the 17th consecutive month in January, but the rate of decline was the smallest since July last year.
Sellers are still refusing to let their properties go at a low price, holding up the sales market.
That is according to research conducted by Mouseprice.com which has revealed a big increase in the time it takes from the time a property is put on the market to the time it is sold.
A cold wind circles our high streets as shoppers hide behind their sofas, trim their quick-bitten nails and wait for the recession to pass.
But the high street is resilient.
It will return.
The number of pricey homes on the market in Canary Wharf and Docklands has doubled according to data from a property website.
Rightmove has released a report claiming there has been a 12.4 per cent rise in the number of properties hitting the market in Tower Hamlets.
One south east London developer is hoping an innovative scheme will help persuade people to invest in its property.
Urban regenerator MacDonald Egan is promoting its 23-apartment Princess Louise property in Deptford for a three-year rent to buy scheme.
Berkeley Homes has submitted a planning application for the £1billion regeneration of one of south east London’s most rundown areas. The scheme, at Kidbrooke’s Ferrier Estate, will provide 4,000 new homes and will be the largest residential redevelopment in the UK, outside of the Olympic zone.
HSBC has re-taken control of its Canada Square HQ from stricken property company Metrovacesa, making a £250million profit in the process.
The Spanish firm bought 8 Canada Square for a record £1.09billion in April last year, but has been forced to return the building as it struggles with debts of more than £7billion.
It's one type of property scheme that seems to have benefited from the credit crunch.
The future is looking good for “property guardian� companies which operate by recruiting tenants to occupy vacant premises to help look after them.
House prices may have fallen in the last month, but central London remains unaffected.
A report from Primelocation.com claims that overall, London properties have fallen by one per cent as the finance industry suffers. But more expensive homes in the middle of the capital are still bucking the trend.
