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By Dan Johnson
Sao Paolo set the scene for Britain's greatest sporting triumph since...well the Olympics this summer, but the boy done good nonetheless. But did you realise that Sao Paolo had a riviera?
By Dan Johnson
the Bank of England has certainly surprised a few people with today's bold move to slash base rates all the way down to 3%...
Currently with the real estate market and credit market meltdown, there are 3 common ways in which banks, developers and owners are getting rid of their real estate in South Florida. As a buyer/investor if done correctly these are opportunities to pick up a great deal!
A brief overview of the current property market for UK & Irish based agents and the effect on the French property market.
This blog talks about amazing ownership and investment opportunities at Mei in Miami Beach.
By Neil Lewis
Value investing in action - even the FT is getting in on the act.
This blog talks about the current state of the local Miami/Miami Beach rental Market and the factors that affect it.
By Neil Lewis
Why is Hungary now the yardstick from which we can judge the entire CEE region?
When the Buy to Let mortgage market started in the early 90's, Loan to Values were at a maximum of 75%, underwriters made decisions to lend based on the overall viability of the transaction and commercial rates were charged.
By Neil Lewis
The worst of the worst is near (which is a big improvement on the recent 'The End of the World is Nigh', but sadly not quite so catchy).
How the bug bit.
The Bank of England's decision to further reduce Bank Base Rates (BBR) in December, to rates not seen in over 50 years, demonstrates the analysts view of the severity of the current economic turmoil. Whilst we don't appreciate it at this time, history is being made and events now will be talked about long after we are gone.
By Neil Lewis
Which way do you think it's going to go? It will determine your future investment strategy, so place your bets...
There will be a limit to its downward movement towards the end of the year as those banks with 31 December year ends preserve cash on their balance sheet and let creditors rise accordingly.
Brief outlook and recommendations for your real estate investments for 2009.
Today's climate has brought about the rise of the “alternative” investment, but why has this happened, what does it encompass, and how does it compare with our traditional investment type, the “off-plan” property?
Base Rate is set to continue to fall in the New Year. What options are available for the professional landlord?
3 month LIBOR continues its downward drift - setting today at 2.82% - still a significant premium to Bank Base at 2%
Property investing is just like a new video game. You need to start at Level 1 and work your way up and never compare yourself to people on higher levels!
So, the Bank of England has announced a further 0.5% cut in the Base Rate. Rates are now at their lowest for 300years and could still go lower.
Reflection on a recent visit to Dubai
The entry into the New Year was no doubt followed by many with a New Year's resolution on how to improve their lot in life and a glass or two, to bid fairwell to a truly awful 2008.
Note to self...must get on property ladder this year
Mortgage Express are waiving all Early Repayment Charges for Residential and Buy to Let mortgages between February and June 2009!
These are tough times and as the recession takes hold many of us are now looking at ways of tightening our belts further...
Most will also be aware that now is the best time to buy just about everything, judging by the deals that are out there. Property therefore is no different. With this in mind, I thought I would offer some of my top tips when assessing property investments:
2009 is shaping up to be an interesting year, but hopefully not for the same reasons as 2008. The actions by the Bank of England and other Central banks has been to attempt to stabilise the global markets and right some of the wrongs in recent years.
Question-how do all those commitment phobes milling around out there ever get their foot onto the property ladder? I'm all ready to be committed (in the non mental sense) and yet, at the moment, becoming a first time home owner seems about as likely as Boris Johnson getting a crew cut...
The next MPC meeting on 4 February with its announcement on 5 February is heading towards a 0.5% cut in Bank of England Base Rate (BBR) down to 1%.
At Mortgages For Business we are delighted to have been appointed as one of two brokers to assist Mortgage Express borrowers looking to take adavantage of the Early Repayment Charge waiver if borrowers redeem their loan in part or full between 1 February and 30 June 2009.
Continuing economic woes and global concern that cuts in BBR are not the only solution make it much more likley that BBR will move down by 0.5% to 1% on Thursday.
The time has come where developers have begun to run out of stock and prices have dropped so much that they can negotiate no further. Sounds like opportunity to me! Could the market be turning? That's certainly been our experience since we came back from our Christmas holidays.
So Base Rate has been cut by another 1%. Bearing in mind Mervyn King's comments earlier in the month, the reduction is no real surprise and is confirmation (as if we needed it!) that we are heading for tough times in 2009.
Media and politicians focus on residential mortgages when Bank Base Rate (BBR) is cut as that is the point of maximum impact on individuals and ultimately where votes in the next general election will be won or lost.
Brief synopsis of the state of the current state of the market. Prices have come down and transactions are picking up considerably.
This is an article I wrote about Quantitative Easing that the economists and politicians have been speaking about. Good in theory and will definitely work but one of the side effects is inflation which may means higher interest rates... Be prepared now.
The announcement that Northern Rock is to resume mortgage lending (£14Bn by the end of 2010) is welcome for the mortgage market as a whole but will probably only drive indirect benefit for the Buy To Let sector.
The Base Rate cut will of course continue to improve the cash-flow of those borrowers on Base Rate linked loans (without collars!) but unlikely to have much of an affect on new mortgage products.
In the new Turner Report changes may be proposed to the treatment of second charge and Buy to Let mortgages.
Previoulsy we set out to explain the differences between some of the leading house price indices on the market. At that time The Halifax HPI had just posted a month on month increase of 1.9% whereas the Nationwide HPI indicated drop of 1.3% (in line with most of the other indices published). Well guess what...
Not only has Streetview become my new best friend, it also has the potential to change the whole property hunting saga forever...
As expected, the Bank of England have kept Base Rate on hold at 0.5% this month, halting the steady trend of reductions over the last few months. With the MPC's ammunition more or less spent in this area, all eyes are now on the Bank's Quantitative Easing programme designed to stimulate the much need liquidity into the market.
By Neil Lewis
So, that was it then. The great property price crash of mid-2007 to the spring of 2009. 'Britain's housing market reignited', says one recent (and typical) headline. 'Applications for US home loans surge' reads another.
Sometimes by looking at our past we can have ideas for the future.
By KFH
Kinleigh Folkard & Hayward's Managing Director, Lee Watts, talks about what he is seeing in the London market
There have been lots of conflicting reports from various recognised house price indexes of late but at last some good news!
We all try to play it safe, to take precautions, but sometimes a pretty thing turns our head, and the only option we have left is property interruptus.
Sometimes less is more, and sometimes more is actually more.
Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so. Douglas Adams
Featured on Lead Galaxy, along with A Place in the Sun, Homes Go Fast, Medhead, Global Property Guide, Unique Living and more...