The Royal Wedding went off with barely a hitch.
Just a bit of extra work to get the ring on Kate's finger!
But other than that, it was a great day for all involved.
Kate will now be known as:
"Her Royal Highness the Duchess of Cambridge".
Her parents will not automatically receive titles, but it is
possible that the Queen may grant them this privilege.
Something that is very evident, is how much support there
is out there for the Royal heritage. 600,000 were expected,
it seems estimates are that a lot more people showed up and
celebrated the day.
And now the story changes again, as the fairy tale wedding passes
into memory, and the work of being a member of "The Firm", as
the Royal Family is known, will begin.
Saturday, 30 April 2011
Getting Hitched without a hitch!
Friday, 29 April 2011
The Duke and Duchess of Cambridge
William and Kate kissed on the balcony, two times, and, after a buffet
reception, drove out of the palace in Prince Charles' Aston Martin with
a "just wed" licence plate attached to the back of the vehicle with floating balloons.
to obey William, and the Archbishop of Canterbury, Rowan Williams, read the
Father, and of the Son, and of the Holy Ghost. Amen."
Upon their marriage, the Queen has made them the Duke and Ducchess of Cambridge.
Katherine will now be know as "Your highness".
Tuesday, 26 April 2011
Gold jumps
Monday, 25 April 2011
Positive news on new home orders.
Sunday, 24 April 2011
Branding online using social media
Social Media Strategy.
Saturday, 23 April 2011
Pick up?
Upcoming loan possibilities.
Friday, 22 April 2011
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Thursday, 21 April 2011
Things improving?
Homebuilders are reporting an upsurge in activity for the spring.
Perhaps the economy is starting to feel a surge.
Retail is experiencing good sales in small shops, food and non store sales.
The ONS said in its latest retail sales bulletin that the volume of sales was up 1.3% compared to last year, with some adjustment for the fact that Easter last year was in March.
"The ONS figures confirm a worrying downward trend for retail sales,"
"Annual growth in sales values is a quarter of what it was in January and the worst since April last year which was hit by the earlier Easter.
"This April's figures will be helped by Easter and the Royal Wedding. That's welcome, but won't change the fundamentally weak conditions likely to undermine consumer confidence for some time yet."
Source: BRC director general Stephen Robertson.
Rights
To pay the agreed rent in full and on time
To make sure no damage is caused to the property or its contents, whether by yourself or members of the household or visitors
To consult your landlord about making any alterations to the property, requesting written permission
To report any damage or need for repairs to the landlord
Not to cause disturbance, nuisance or annoyance to neighbours
To provide the landlord with access to the property for the purpose of inspection, or to carry out repairs, as long as sufficient notice has been provided
To obtain written permission from your landlord if you want to sub-let or take in a lodger
To give the agreed amount of notice to your landlord if you wish to terminate the agreement and leave the property
Not to leave the property unoccupied for longer than 14 days without informing the landlord or managing agent.
Tuesday, 19 April 2011
[goodpropertykarma4all] Re: Uk House Prices
Uk House Prices
For march, indications are that people are wary of the economical outlook.
House prices increase by 0.5% in March
Mixed picture across UK regions in first quarter
|
Sunday, 17 April 2011
Japanese radioactivity.
Saturday, 16 April 2011
5&5 Scheme helps First-Time Buyers - Property News from ludlowthompson.com
Buying Property News
5&5 Scheme helps First-Time Buyers
21st March 2011This novel mortgage allows motivated sellers to gift 5% of the property value in equity to the first-time buyer.
Motivated sellers are asked to give first-time buyers 5% of the property value in equity. Buyers must then raise just 5% of the property value to qualify for a 90% mortgage.
Independent mortgage broker Obligo has launched a new scheme to help first-time buyers qualify for a mortgage.
In real terms, first-time buyers seeking to purchase a property worth £100,000 through the “5&5” scheme would have to raise £5,000. The vendor would then match this price out of their own equity to meet the mortgage requirement of £10,000 – 10%. Effectively, the vendor sells the house for £95,000 (5% less than its worth) but the process guarantees a smooth sale. If the vendor were to simply drop the house price to £95,000, the prospective buyer would have to raise £9,500 to qualify for the mortgage – a tall order for first-time buyers and one which may slow the transaction.
In this difficult market for first-time buyers, sympathetic lenders are emerging to ease the pressure. Lloyds TSB already offers ‘Lend a Hand’, which allows first-time buyers and those with small deposits to take out a mortgage with the financial support of someone else, eg. parents. The bank is now extending the first-time buyer mortgage to include local authorities who wish to help first-time buyers in the area.
Links related to this article
Top 10 Rentals for Sharers from £88 per room p/w - Property News from ludlowthompson.com
Renting Property News
Top 10 Rentals for Sharers from £88 per room p/w
23rd March 2011With the cost of rentals rising, sharing a place to rent in London and looking for quicker commutes makes sense.
With so many transport developments happening, finding a place to rent in London with a shorter commuter time is getting easier.
Sharing a place to rent with other tenants has become a highly popular option in recent years. Splitting the cost of rent and utilities makes for cheaper living at a time when renting in London is notoriously pricey because of market demand.
New commuting routes have opened up London’s suburbs, so don’t forget to check for properties available to rent in London in areas with new transport links. Previously unreachable areas are now accessible and relatively affordable.
luldlowthompson, London's Letting Agent, allows you to find places to rent in London which are convenient for you. A journey planning tool enables you to plan your route to work via public transport or by bicycle. See below for our top ten sharer properties to rent in London within 10 minutes walk of a station.
Top 10 Rentals for Sharers within 10 minutes walk from a station:
Links related to this article
Railway Approach - Harringay, N4, 3 bedrooms, £375 p/w (£125 per room)
Harringay Station (0.0 miles)
Manor House Tube (0.6 miles)Osprey Close - Beckton, E6, 6 bedrooms, £750 p/w (£125 per room)
Royal Albert DLR Station (0.5 miles)
Silvertown and London City Airport Station (1.0 miles)
Upton Park Tube (1.4 miles)Nutfield Road - East Dulwich, SE22, 3 bedrooms, £346 p/w (£115 per room)
East Dulwich Station (0.3 miles)Longley Road - Tooting Graveney, SW17, 5 bedrooms, £500 p/w (£100 per room)
Tooting Broadway Tube (0.3 miles)
Tooting Station (0.4 miles)Lightfoot Road - Hornsey, N8, 4 bedrooms, £400 p/w (£100 per room)
Hornsey Station (0.4 miles)
Turnpike Lane Tube (0.8 miles)Frederick Place - Woolwich, SE18, 4 bedrooms, £381 p/w (£95 per room)
Plumstead Station (0.6 miles)
King George V DLR Station (1.2 miles)Erskine Crescent - Tottenham, N17, 4 bedrooms, £350 p/w (£88 per room)
Tottenham Hale Tube (0.1 miles)
Tottenham Hale Station (0.1 miles)Emanuel Avenue - Acton, W3, 3 bedrooms, £395 p/w (£132 per room)
Acton Main Line Station (0.1 miles)
North Acton Tube (0.6 miles)Bow Common Lane - Mile End, E3, 5 bedrooms, £580 p/w (£116 per room)
Devons Road DLR Station (0.4 miles)
Bow Road Tube (0.4 miles)
Limehouse Station (0.8 miles)Bennett Court - South Acton, W3, 3 bedrooms, £392 p/w (£131 per room)
Acton Town Tube (0.1 miles)
South Acton Station (0.4 miles)
Friday, 15 April 2011
KatePrince
Tue 12 Apr 2011
William and Kate, a Royal Wedding
Posted by Ray under Kate Prince
No CommentsWilliam and Kate, a Royal Wedding: The Event of the Year
By Hasnain ShahEveryone is talking about it – the royal marriage of Prince William and his fiancée Kate Middleton which is going to take place April 29 of 2011. After proposing the Kate while on holiday in Kenya using his mother’s engagement ring, the world sat in anticipation, learning as much as they can about the soon-coming nuptials. The morning ceremony will take place at the esteemed Westminster Abbey, where after, they will be driven, by a carriage procession, to Buckingham Palace. This will provide the public with a great opportunity to see the newly married couple. At the palace, a reception will be waiting for them, hosted by Prince William’s grandmother, Queen Elizabeth II. Why is everyone so excited for this royal wedding to take place? It is the story the world has been on the edge of their seat for. In a family history marred with sadness and loss, this is the one event that will renew the hope in this royal family for the next generations to come. This wedding is one of fairy tales as Kate will be the first middle-class Queen-in-waiting as she has no titles or any ties to royal lineage. Kate will also be the oldest female to marry the future King of England at the age of 29.
The marriage of William and Kate is a slight break in the normal tradition of royal weddings. For example, instead of traveling to Westminster Abbey by carriage as well, they selected to arrive by car and only use the royal carriage on their return journey as husband and wife. Both have stated that they wanted to find a good blend between the public and private spheres during their nuptials. They wanted to merge modern with traditional, but also keeping in mind that the world is going through tough times economically at this moment. However, although this couple is sensitive to the current plight and do want to avoid ostentatious details as well as conspicuous consumption, the monarchy has been given leeway for some pomp and circumstance. So even with the understanding about the economy, it is doubtful that this couple will have an inexpensive wedding.
Many individuals around the world are discussing the details of the wedding. Questions have been asked on which designer Kate will select to make her wedding gown. The gown that Diana dress in to her wedding with Prince Charles was one of the most copied wedding gowns throughout history, therefore, this dress can be nothing less than spectacular. Also speculated about are the famous individuals who are going to be invited to the wedding. There have been rumors that the first family of the United States, the Obama’s, will actually not be invited to attend the wedding event. However, it has also been speculated that world-famous pop star, Sir Paul McCartney will be performing at the wedding.
Just like the wedding of his parents, Prince Charles and Diana in 1981, where more than 750 million individuals sat staring at their television screen, the whole wedding will be broadcasted on television. And now that televisions are a lot more accessible than they were in 1981, this wedding is said to exceed this number. The British Broadcasting Corporation, the BBC, is going to be leading the broadcast of this momentous event.
I am a professional writer with an experience in SEO. I started working as a full-time web content provider/SEO writer/rewriter more than a year ago. I have been commissioned to undertake a wide range of writing tasks, such as writing articles for article directories, product reviews, and blog posts, law articles and press releases. Drop me a line at, nainbear@gmail.comArticle Source: http://EzineArticles.com/?expert=Hasnain_Shah Article Source: http://EzineArticles.com/5891022
-->Tags:
Fri 15 Apr 2011
Cute Youtube clip of Kate and Wills
Posted by Royal Wedding Fan under Kate Prince
No CommentsHere is a cute Youtube clip we just found:
-->Tags:
Fri 15 Apr 2011
Meet the Middletons Kate’s extended family
Posted by Royal Wedding Fan under Kate Prince
No CommentsMeet the Middletons Mon 18 Apr, 21:00 – 22:00 Channel 4Is on UK TV's Channel 4, a documentary about Kate Middleton's extended family.
-->Tags:
Fri 15 Apr 2011
Good for the nation
Posted by Royal Wedding Fan under Kate Prince
No CommentsThe Royal Wedding of Prince William and Kate Middletonit must be admitted, does not have the same "buzz", thatled up to the marriage of Charles and Diana. Some of usmay remember the cardboard cut outs with the spring loadedwaving hands that people could stick in the back windows oftheir cars. They were everywhere!
This coming event feels a bit more sedate, less wild, not a badthing, because obviously this is a couple that care for each other.They have been through a few ups and downs already, and thesigns are good for a long and happy marriage.
-->Tags:
Thu 14 Apr 2011
Sizzlers!
Posted by Royal Wedding Fan under Kate Prince
No CommentsDuring the period when Kate and William separated,she and her sister partied hard, they became knownas the "Sizzler Sisters", the Queen was said to haveconsidered her something of a show off!
-->Tags:
Wed 13 Apr 2011
Kate will be the “oldest” new Royal Bride!
Posted by Royal Wedding Fan under Kate Prince
No CommentsAt the age of twenty nine, Kate Middleton will be theoldest that a British royal bride has ever been married.Diana was just twenty when she married Charles.
-->Tags:
Wed 13 Apr 2011
Special site for Prince Phillip’s 90th Birthday
Posted by Royal Wedding Fan under Kate Prince
No CommentsPrince Phillip, the longest serving royal consortin the history of the British Monarchy,will be celebrating his birthday in June.
-->Tags:
Tue 12 Apr 2011
Security forces for the Royal Wedding.
Posted by Royal Wedding Fan under Kate Prince
No CommentsThere will be a great deal of care taken in regard to the security of the Royal Couple.Charles and Diana's wedding was watched by an estimated 750 million peopleacross the world, and two thirds of a million people in London.With the recent protests by anarchists groups and the attack on Charles and Camilla'scar, police and security services will be especially on their watch.It is a different world now than the previous wedding, and we can trust that evey stepwill be taken to ensure a magical day for all!
-->Tags:
KatePrince
Good for the nation
Posted by Royal Wedding Fan under Kate Prince
No CommentsThe Royal Wedding of Prince William and Kate Middletonit must be admitted, does not have the same "buzz", thatled up to the marriage of Charles and Diana. Some of usmay remember the cardboard cut outs with the spring loadedwaving hands that people could stick in the back windows oftheir cars. They were everywhere!
This coming event feels a bit more sedate, less wild, not a badthing, because obviously this is a couple that care for each other.They have been through a few ups and downs already, and thesigns are good for a long and happy marriage.
The wedding is a first in a series of great boosts for London, starting here, and going on into the Olympics, this will have at least a short term affect on property prices, particularly in the east end, around the various event locations.
Also space sharing websites will find that flats and rooms will be at a premium.
KatePrince
Security forces for the Royal Wedding.
Posted by Royal Wedding Fan under Kate Prince
No CommentsThere will be a great deal of care taken in regard to the security of the Royal Couple.Charles and Diana's wedding was watched by an estimated 750 million peopleacross the world, and two thirds of a million people in London.With the recent protests by anarchists groups and the attack on Charles and Camilla'scar, police and security services will be especially on their watch.It is a different world now than the previous wedding, and we can trust that evey stepwill be taken to ensure a magical day for all!
Thursday, 14 April 2011
Behind with mortgage?
Falling behind with mortgage payments.
Wednesday, 13 April 2011
March saw a strong lift in housing market activity
March saw a strong lift in housing market activity with seven per cent more residential mortgage valuations conducted compared to 12 months ago, data from Connells Survey and Valuation has shown.
This is the fourth successive months in which residential mortgage valuation activity has risen year-on-year. Connells claimed this indicated a "sustained" recovery in the housing and mortgage market.
In the first three months of 2011, valuation activity was 16 per cent higher than in the same period a year ago.
In March, the total number of valuations for residential property increased by five per cent compared to February, while the first quarter of the year saw 24 per cent more valuations conducted than in the previous quarter.
Tuesday, 12 April 2011
Obama, Congress prepare for next round of budget fights
Obama looks tired, it is amazing how in the UK and the US, the leadership candidates look fresh faced on the way up, once they have the job, they look tired.
Monday, 11 April 2011
World Business News - Headlines, Stories and Video from CNN.com International
Patrick Pélata will step down as Renault's chief operating officer after the French carmaker released findings from audit reports of its botched internal probe into alleged spying in its electric vehicles program. FULL STORY
Top Business Stories
Sunday, 10 April 2011
Saturday, 9 April 2011
The Independent | Money | Latest Money News| Money Saving | Mortgages | Pensions and Insurance News
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10 Wealth Check: 'I need a nest egg to return to Britain from Vietnam'
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Commented
10-point guide to social climbing - UK Politics, UK - The Independent
1. Get yourself on several property ladders
You need to have a place in London, as well as one in the country. Having been out of the London market during the Chancellor's irresponsible boom, Cherie and I bought a decent house virtually in Mayfair for £3.65m. It's worth more now. We bought a nice place in Bucks after I took early retirement, but the neighbours are a nightmare. Objected to a tennis court, guest cottage, exercise pool and now the sports pavilion.
2. Keep it upmarket
We managed to sell our place in Trimdon, up north, last month. Quite close to the asking price of £300,000.
3. Make time for several jobs
It is a good idea to balance high-paid consultancy work with even better paid speech-making. I am an adviser to JP Morgan and Zurich Financial, and I have agreed, in principle, to advise LVMH, the Louis Vuitton luxury goods company run by my friend Bernard Arnault. It is best to set up a private partnership to handle the more discreet stuff. I have Tony Blair Associates for my work in Kuwait, Azerbaijan and Abu Dhabi. So long as it pays enough, just say "yes" and worry about fitting it all in later. Amazing how one trip can serve several purposes.
4. Keep up the "good works"
It is important to do some pro bono stuff as well, so that people don't think you are greedy. Anything to do with the church is pretty safe.
5. Travel in style... because you're worth it
Unfortunately, because of my old job I have to have police protection. You feel a bit guilty about the carbon footprint, but the plus side is that the convoy style and the tinted windows give you a bit of impact and presence – and you need that if you are to create a sense of purpose. This is especially important for not-for-profit work: I do charitable stuff in Sierra Leone and Rwanda, for example, and I usually borrow the Rwandan President's private jet for that.
6. Don't be afraid to ask
I'm constantly surprised by friends who have properties around the world that they don't use much.
7. Holidays are a great time to network
Bernard has a yacht, and there are always people there, you know, Bono, for example.
8. Do not be embarrassed to do the best for your kids
Unfortunately, there is a bit more to it these days than hiring a private tutor for their A-levels. Unpaid work experience is the way to get a middle-class starter job these days, so be ruthless about calling in favours from friends. Euan did an internship with two members of Congress in Washington, and before that he did a couple of months at a Paris radio station owned by Bernard (lovely guy – seriously, he'd be a mate even if he weren't worth £10bn). Nicky did work experience at Krug the year before that, which happens to be another part of Bernard's empire.
9. That includes providing nice places to live
We have places in Bristol and London that we bought for Euan and Nicky – and they double as investments. And Kathryn stayed at one of Bernard's places when she was doing a course at the Sorbonne.
10. Envy is a terrible thing
Never worry too much about those neighbours or former colleagues who might resent your success and choose to spend their time devising petty ways of trying to do you down.
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Friday, 8 April 2011
[goodpropertykarma4all] Re: We all use computers
Are Monthly Inspections Good for Business?
By [http://ezinearticles.com/?expert=Robin_Elliott]Robin Elliott
As to the answer to the question above, monthly inspections are neither entirely good nor entirely bad. Depending on how you want to run your business and what your ideals are, the other one could work better for you over the other. You have to make sure though that before you admit a tenant to your place, you have clearly stated to him or her-- this monthly inspections you're going to do every month. While you might have a lot of time to do this -being a full time property manager or land owner-the lessee could be doing something else that's keeping him or her really busy, and that your presence could be a hindrance to the natural flow of their business. Modern life also means "mind your own business" and "give me some space".
Having clearly explained to the tenant the mechanics of monthly inspections, and him or her agreeing to this monthly routine, I'm going to explain the pros and cons of the checkup. Let's start first with the bright side. First, you'll be able to know what the tenants are doing. Next, you'll easily spot violations that are being done to the place and you can easily warn them about it to prevent further damage whatsoever. These are good things considering that it's also your duty to keep the properties in good condition and running. You will prevent shedding off extra bucks for repair especially when you know how the damage was taken, and can determine whether it's caused, or wear and tear. The tenants will also take precaution as to how they deal with the property knowing that there will inspections every month.
As to the cons of monthly inspections, the benefits that you are offering to your tenants will be cut short because you will have to incur some amount to sustain your monthly visits. Also, tenants need privacy and they don't want you to be sticking your nose into their business because -well, it's their business. Majority of the tenants want privacy and you, inspecting the property every month. will be a nuisance. In addition, tenants don't have all the time in the world. Ripping off a fraction of their time for inspections will cause them to not want to rent from you. There are a lot of other properties out there that's scratching out that sort of hassle and they'd rather rent from them.
Should you decide to do monthly inspections, you must arm yourself with the heart to execute your policies. When you inspect, you're not merely strolling around to know what the tenants are up to, and sit down with them over a cup of tea and talk about it. If you spot them doing something fishy and violating some of the rules, you have to tell them there and there that they have to adhere to your rules or pack. That's a lot of guts you need there. Furthermore, eviction is expensive. Not only are you going to have to spend more on the process, you're also going to suffer from vacancy. Sometimes, it's nice to not stick too much to other people's whereabouts and just let them be.
The author owns and operates a successful property management company in Tampa, FL. He also is a very successful real estate investor purchasing more than 150 rental properties over the last 12 years and "novacancynow".
Please feel free to visit his website at [http://www.novacancynow.com/st-petersburg-property-management.aspx]St Petersburg Property Management
Article Source: [http://EzineArticles.com/?Are-Monthly-Inspections-Good-for-Business?&id=6152220] Are Monthly Inspections Good for Business?
We all use computers
How to Reduce Computer Maintenance Costs
By [http://ezinearticles.com/?expert=John_Andrewson]John Andrewson
The maintenance of a computer is the most important thing needs to be taken care. A PC user will definitely have an idea regarding the maintenance cost of a computer which is always higher than buying a new one. So, here are some basic tips that will definitely help you to maintain your computer at a minimum cost by maximizing the computer investment.
Buy computer as per the requirement
Overcompensation is a very common phenomenon which we found among the consumer. Most of the customers tend to overspend buying a variety of features along with their computer. But in most of the cases the customer does not use all the features. If you are buying a computer with enormous features then it would definitely require higher maintenance costs. These features might include fast processors, extra optical drives, expensive video cards and many more. It's better not to have features that will not be used often. Missing features can be added later as per the requirements of your tasks.
Extended warranties
Whenever you are buying a computer, you should always pay attention to the warranties that are offered by the manufacturer. You should always go for the extended warranties because it will ensure zero maintenance cost till your warranty get over. These extended warranties are like small insurance policies that can be used to avoid the extra maintenance cost of your computer.
Try to fix the computer problems at your own
You might find this advice a bit strange but it will definitely help you to save a lot of money. Before attempting any experiment over the computer you should take reference from the books or the internet to have a perfect idea about the problem you are facing. If the problem is major and it is related to some registry or hardware problems, it is always advised to consult a professional technician for better results.
Regular computer maintenance
Regular maintenance of the computer does help a lot to reduce the common problems of computer. For example defragmenting of the computer regularly does help to increase the computer speed as well as the life of the hard drive. It also re-arranges the data in a proper order as they get scattered around on the hard drive.
Dusting regularly
There are dust particles that start building up inside your computer. CPU fan, exhaust fans and other components do get jammed with dust particles with daily use. If they are not dusted regularly then it might result in excess heating of a computer. So it is necessary to dust the electrostatic particles regularly.
These are some of the simple steps that will definitely help you to reduce the maintenance cost of your computer.
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Article Source: [http://EzineArticles.com/?How-to-Reduce-Computer-Maintenance-Costs&id=6124470] How to Reduce Computer Maintenance Costs
Thursday, 7 April 2011
Houseyhouseypricesy
Looking for a home in your dream location but not quite sure you can believe the prices? Maybe you are just curious about how much the house next door really sold for?
Rightmove can help! We bring the latest Sold House Price Information to your computer, straight from the Land Registry and the Registers Of Scotland.
Simply enter the postcode of the area you are interested in above, and we will give you the low down on average and individual sold prices since May 2000.
OttonOttonLeaseGuru
The Original Lease Option Guru ‘Rick Otton’ is Back!!!
4 years ago Rick Otton held the UK’s FIRST EVER workshop on
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how creative strategies that he used across the USA could be
utilised to acquire investment properties with NO mortgage, NO
deposit and NO credit checks!
The majority of the UK’s property ‘gurus’ including Simon
Zutchi, Richard Shepherd, Shimon Rudich and Hanif Khan, all
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Wednesday, 6 April 2011
[goodpropertykarma4all] Re: Property News
Trump University Real Estate 101: Building Wealth with Real Estate Investments |
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Property News
Analysts predict good year for Dublin office market |
Wednesday, 06 April 2011 | |
Demand for office space in Dublin in the first three months of 2011 has been strong with take up reaching 45,500 square meters, up 2% on the previous quarter and twice the level seen at the same time last year. An analysis from international real estate advisor Savills predicts that take up could total 150,000 square meters by the end of the year, reflecting a healthy demand for prime office stock in the Irish capital. According to the firm a 0.4% drop in the overall vacancy rate in the first quarter of 2011 compared with the previous quarter, to 23.2%, is due to a shortage of new office space and continued increase in take up. 'Demand for office space in the first three months of the year has been strong. The fall in vacancy rate reflects a combination of factors, in particular a consistent level of demand for space since the middle of 2010 and a halt in the amount of newly completed space coming to the market, especially grade A space in prime locations,’ said Joan Henry, head of research at Savills Ireland. The research shows that four major deals made up almost 70% of total space taken up in the first quarter of 2011, with Google’s purchase of the new 19,000 square meter Montevetro office building accounting for 42% of total space. |
Tuesday, 5 April 2011
Housing equity withdrawal falls by £0.4bn says Bank of England | AboutProperty.co.uk
The Bank of England has reported that housing equity withdrawal fell from -£6.6 billion to -£7 billion in the last quarter of 2010.
This means that British property owners injected a net total of £7 billion into housing equity in the last three months of the year.
The Bank put this down to the fact that lending is relatively weak compared to housing investment, which has proved resilient.
Nicholas Leeming, business development director at Zoopla.co.uk, said: "While savers have been hammered by low interest rates over the last two years, borrowers have been sat on the other side of the fence enjoying very cheap debt. This has given SVR holders the opportunity to pay off large chunks of their mortgage and thousands have made hay while the sun has shone.
"With a potential interest rate rise round the corner and uncertainty over the future of the economy, many people have accelerated their plan to pay off as much as possible before their monthly payments go up and this will continue every month that rates are held at 0.5 per cent.
"Despite the record levels of repayment, lenders are showing little sign of increasing their lending activity. Another year of stagnation will do nothing to benefit the wider economy. With so much money being paid back by borrowers, it’s high time lenders injected this cash back into the property market to get the sector moving again."
Richard Sexton, business development director of e.surv chartered surveyors, said: “Borrowers realise that with base rates still at a record low, the best use of their disposable income is to pay off debt. They certainly aren’t keen to spend. Savings rates are so abysmally low that there is simply no incentive for people to tuck money away for a rainy day – it would lose value with inflation so high.
"People have seen the anticipated interest rate hikes on the horizon and have upped the ante of their repayments to take advantage of the lull before the storm.”
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Shapps approves of Rent to Buy, in which buyers test-drive homes for sale | AboutProperty.co.uk
Government minister Grant Shapps has given his approval to TryitBuyitProperty.com, a new website that pairs homeowners with would-be buyers on a 'rent to buy' basis both in the UK and overseas.
Under rent to buy, people can temporarily become tenants in what could potentially become their new home, enabling them to test-drive it for a few months before completing the sale.
Rent to buy schemes can also help first-time buyers or people who do not have the money for a deposit. This is because many schemes allow them to put part or all of the rent they've paid towards the deposit, reducing the loan-to-value ratio needed on the mortgage.
David Riley, the entrepreneur behind the site, said the system works in a similar way to test-driving a car.
"Just like purchasing a car through a personal lease purchase plan, you can choose to walk away from the property at the end of the contract," he added.
He suggested that the rent to buy approach is especially suitable when looking for a home overseas, as it provides the chance to experience the country where it is located and decide whether it is suitable for long-term living.
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Lease Options by another name?
Monday, 4 April 2011
[goodpropertykarma4all] Re: Demand for rental property increases
Wealthy North Americans are starting to look more closely at investing in residential real estate, an asset class that until recently was the pariah of the investment world.
http://www.propertywire.com/ne