Move Forward's Articles in Real Estate

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Majority of potential first time buyers in UK believe they lack sufficient deposit to buy, survey shows Many first time buyers in the UK are put off by the belief that they lack the sufficient deposit to purchase properties. Government is trying to assist many, with shared equity scheme programs but the sheer expense has made many make long waits to make the money available for their use. The problem though has not been solved completely but many are taking the plunge. Foreign real estate buyers need for recovery in Florida real estate market, it is claimed High unemployment is keeping US investors at bay thus making foreign property investors the only hope in the recovery of the Florida real estate market. There is speculation that double-dip recession may occur but despite the gloomy forecasts, there is still hope for Florida to recover from the bottom of the property market. Banks though need to open up their purses to foreign investors. Russians are main buyers of real estate bargains in Bulgaria, conference hears Many of the current investors in Bulgaria are finding bargains with options to haggle the prices. These buyers are Russian investors and these buyers have been able to keep the market afloat in the battered Bulgarian market. According to Bulgarian property specialists, affordability is one of the reasons for the upsurge but others seek low and middle class construction for full development. Good growth prospects for student property sector, according to a new report A new sector has opened up and promises great prospects for the property sector. The student property sector has been increasing 5% each year in the last six years unlike the 0.6% growth for commercial property. Much of the growth is centred on the university towns and cities throughout the country. The growth is projected after there was a 12% increase in the number of housing applications for the coming year. Dubai debt shock sends waves of gloom over real estate market The recent report that the Emirate has debts amounting to $80 billion which it admits the Emirate would be unable pay has set a pall of gloom over the real estate market not only in the country but throughout the world. Most of the debt is with Dubai World, with its projects such as the Dubai World and Palm Jumeirah and has recently announced a six month standstill in development. New campaign starts in Cyprus to force developers to reveal extent of debts in title deeds scandal Demonstrations are in the offing in Cyprus to force banks to reveal details of mortgages taken by developers. This goes into the heart of the ongoing issues regarding the convoluted title deeds scandal. The demonstrations are to be done to force government and banks to reveal the details at the soonest possible time. Many feel that the government is dragging their feet on the matter. Finding Property in Australia When you move overseas, especially in Australia, you need to find suitable residential property in Australia. There are many factors to consider, such as location, costs and processes when undertaking this kind of ownership especially in Australia. You need foresight, research and patience to get the right property suitable to your needs and requirements. Flights, currency and payment plans set to boost Turkish property market in 2010 The Turkish property market is set to be boosted by more flights, favorable currency and easy payment plans. The payment plan details a twenty year interest free payment plan for purchasers. As the Pound weakens against the Euro, more fiscal weight is provided with an increase in tourism to the country. This would provide a better 2010 for the Turkish economy in general. 20 year guarantee to protect property purchase launched in Spain Property purchasers in Spain have been provided protection for a period of twenty years that includes property insurance. This is to prevent problems from cropping up with homebuyers provided by a new Safe Purchase Spain guarantee. The insurance provides ample coverage to instill confidence in purchases of property in Spain for the long run and the market’s protection. UK property rent prices rising as supply dwindles and demand rises, reports show The UK property market is making a surge as residential rents are increasing due to the dwindling supplies and the demand’s continued rise. This is the projection for 2010 as many more accidental landlords opt for leasing rather than selling their properties. The increase though in prices may lead to further problems down the line for the UK property market. End of UK stamp duty holiday condemned by real estate industry Many have been howling criticisms as the end of the UK stamp duty holiday falls due in the UK real estate market. Fears have been raised that sales can drop as the tax returns to its old level for property sales. Another problem as there may be a price distortion in the market when the amounts are finalized. This can cause major problems in the long run for the UK Property market. Low interest rates and rising prices encouraging UK property market, it is claimed Many indicators show that the UK property market is on the upswing. These factors are the low interest rates and rising prices in the UK real estate. The number of approvals also increased in October but remortgaging remained at a standstill. Other types of mortgages also are falling in the UK property market, but the numbers are quite encouraging according to analysts. UK residential property stocks peaked in October but expected to climb again in New Year As in previous years, the stock of properties for sale in the UK increased during October in anticipation of the Christmas season. This buoys the anticipation for full market recovery to be carried over to 2010. The highest activity has been observed in the area of Central London, owing to its location especially when foreign buyers have shunned the market recently. World house prices now rising in majority of real estate markets, report shows Many global markets are now on the road to recovery since prices have started to rise. These include Israel that tops the list, Singapore following in second and many other Asian markets have followed suit. In Europe, Russia and Bulgaria have fallen together with the US and Thailand market. Dispute over leasehold properties in Dubai should be heard by Property Court, lawyers claim Long term leasehold properties are now allowed to claim long term leasehold properties in Dubai. These are like freehold properties and now investors still are in the dark on how to address the legalities when issues come up. While handover is pending, many post dated checks are still in the mail and may come up short once the decision has been made by the Dubai property court. Property industry positive about real estate recovery despite Dubai World debts The doldrums seem to be lifting in the Dubai property market. This despite the existence of the Dubai World debts, the outlook is projected to be better by 2012. With the history of Dubai, the state was able to get so much so quickly and down the line the economy will surely be able to rebound. With this many have sought the help of the Emirates to settle the disputes. UK property up for fifth month in a row, latest index shows The UK real estate market has been on the up and up in the past five months. Despite these favourable gains, the market is expected to remain flat for the coming year. The market though is expected for a tumble as to how the economy turns especially since the strong sales is taken on a weak economic background. Real estate sales and rents showing signs of recovery in middle property range, according to new guide Dubai’s real estate activities are on the rise especially in sales and rents in the middle range property. The middle income families have been purchasing the properties with many opting to rent due to financial limitations. Many are still adjusting to the unrealistic prices of the properties but the market is correcting itself to play out realistic sums and values. Private rented property sector in the UK facing a tough year ahead, association claims The private rented property sector in the UK is to face one of the most difficult times in the near future. This is due to the projected defaults that landlords may have on pending mortgages. It is projected that the residential rental market in 2010 would stabilize and increasing sales in areas would indicate the trend to continue. Demand for luxury real estate returns to the India property market The India property market has been on the upswing with luxury real estate returns to the India Property Market. The past year saw a drop in the demand for luxury market with a refocus into the lower end market but six months from then, the demand has increased. The market indicates sales for luxury and semi-luxury will continue to rise in 2010 among the many cities in the country. Buying a House in Australia Immigrating because of work requires accommodations in your new home country. Finding one, if not included in your benefits package, entails research and a bit of negotiation especially you are opting on buying a house in Australia. You need to make sure though that you go through the process and the price is within your financial capacity to avoid issues later on. Average US city property prices now flat, according to new report The property market is showing signs of life as the rate of decline in the US has slowed down. The report says that home sales have been strong in recent months as supplies have easily been snapped up, making for a sure sign for consumer confidence in the market. The peak in the market came in the second quarter of 2009 with Las Vegas leading the way. Florida real estate agents report signs of recovery in property market as sales move up Real estate agents in Florida have reported signs of recovery for the property market. These include the increase in sales in the same period from 2008 and 2009. The current figures indicate that the numbers are quite far from the peak numbers in 2005. The low mortgage rates though can help in keeping homes within arm’s reach for a median family. More people expected to rent in 2010 as survey detects a move away from property ownership in UK A recent survey reported that UK property buyers have pushed away the idea of property ownership and are now opting to lease or rent their own homes. This is but a result of the recent property crash that left many traumatized and wary of the volatility of the market and its effect on their overall financial standing. The option now is to rent rather than own property in the UK. Currency exchange rates help Spanish property vendors returning to UK The article discusses the favourable returns that property purchasers from the UK make when buying property in Spain. The system works both ways as the client gets a bargain while the vendor turns a profit. This is due to the favourable currency exchange and the nationality of the purchaser. Both parties stand to earn, the vendor with the higher profit while the purchaser with a bargain. Latest Halifax index shows UK property prices rose again in December The article discusses the rate of recovery of UK property prices for December. Despite previous estimates, the UK property market grew by 1% in December but forecasts indicate that this growth may still be flat towards 2010. The article also details the highs and lows of the UK property market over the period of recession. The projection is still grim but hope springs eternal for the recovery from the worst financial collapse in memory.

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