Archive for January, 2008
First time buyers are the lifeblood of the property market
Britain’s housing market is teetering on the brink of a very high cliff. Northern Rock’s ongoing problems are rooted, not just in the liquidity of the money markets, but also in the UK’s own version of the sub-prime market…
Over the last decade, banks and building societies relaxed traditional restrictions on loans-to-income ratios. Buyers can now […]
Long-haul buy to let investors are ‘optimistic’
The nature of the UK buy to let industry has been shown frequently in recent times to be one dominated, for the most part, of those with long-term plans for their property portfolios. Survey after survey has shown this fact, which explains why the optimism of many investors contrasts with some of the predictions in […]
Pensioners ‘own £700bn of property’
Retired homeowners are currently sitting on property worth more than £700 billion, but nearly half of this wealth is contained in London and the south east, figures have shown.
Pensioners in England and Wales collectively own property worth £732 billion once any outstanding mortgage debt has been taken into account, according to an insurer.
But 22% of […]
Buy to let demand beats out residential
Borrowers taking out buy to let mortgages have plugged the gap left by the decline in residential borrowers.
Mortgages being taken out for home purchases dropped by 23 per cent from December 2006 to December 2007, with buy-to-let firmly plugging this gap with an increase of 23 per cent over the same period to account for […]
Property hotspots for 2008
Even in the leanest times, some areas always do well. So where will the smart money move next? In the second of three reports on the year ahead, Jonathan Christie profiles five places tipped for the top.
East London
Despite predictions of a sluggish market in the capital in 2008, the boroughs of Hackney and Tower Hamlets […]
