Interesting picture - UK property market news

Are we heading for another record year for the UK property market?

February 24, 2015

According to the most recent figures released by the Office for National Statistics, last year was a record year for UK property owners. House prices rose by £2,221 a month in 2014. This means that the average UK home is now worth £272,000; a 9.8% rise on the previous year. Owning a UK property throughout [...]

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Thumbnail image for Bank of England giving mixed signals to investors

Bank of England giving mixed signals to investors

February 23, 2015

In times of uncertainty and trouble, investors look towards the Bank of England for guidance and assistance. This is a characteristic of the UK investment market with real estate perhaps having the most to gain or lose from changes in fiscal policy. We can only guess how investors felt earlier this week as the Bank [...]

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Thumbnail image for Will the Greek debt agreement help the European real estate market?

Will the Greek debt agreement help the European real estate market?

February 21, 2015

Today’s news that the Greek authorities have agreed an extension with European Union partners in relation to the country’s massive bailout has obviously been headline news. There were serious concerns that Greece would immediately drop out of the European Union and ditch the euro leaving the region in a state of confusion. It seems as [...]

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Thumbnail image for Britain’s first straw houses are now for sale

Britain’s first straw houses are now for sale

February 20, 2015

A research project led by the University of Bath and Modcell, a specialist firm of architects, has resulted in what they say are the world’s first commercially available straw homes.  Do not be blown down by the notion that these houses belong to fairy tale or even yesteryear; many believe they are the future of [...]

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Thumbnail image for Is it time to look at oil dependent real estate markets?

Is it time to look at oil dependent real estate markets?

February 19, 2015

Over the past few months there has been significant focus on the oil market with the price of a barrel of oil falling by around 50%. Indeed just yesterday we saw the US government announce higher-than-expected oil reserves which prompted a reduction in the price after a relatively encouraging short-term recovery. Many are now starting [...]

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LBTT Scottish property land and building transaction tax reform

Scottish property tax LBTT: the race to settle is on

February 19, 2015

It has already been well publicised and commented upon that on 1 April this year the UK Stamp Duty Land Tax (“SDLT”) system will be abolished in Scotland and replaced with Land and Buildings Transaction Tax (“LBTT”). Transactions that have a settlement date (the English and Welsh equivalent of completion) on or after 1 April [...]

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Thumbnail image for Will first time buyers support the real estate market?

Will first time buyers support the real estate market?

February 17, 2015

Over the last few years there is no doubt that first-time buyers have been finding it more and more difficult to climb aboard the property ladder. That first rung of the ladder seems to be moving further and further away which has forced many to change their focus to renting property in the short to [...]

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Thumbnail image for Despite all the warnings why are property scams still happening?

Despite all the warnings why are property scams still happening?

February 15, 2015

Only this week we heard news of a real estate attorney in America being jailed for 70 months after stealing $2.3 million from clients in a property scam. This is just one of many scams which are uncovered on a regular basis and we can only estimate the number kept quiet for fear of any [...]

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Thumbnail image for UK set for a period of deflation

UK set for a period of deflation

February 14, 2015

Mark Carney, the Governor of the Bank of England, has this week been very vocal in his view that the UK rate of inflation will remain at around zero for the rest of 2015 and could dip into negative territory. In a traditional economic environment any move into a deflationary period would instil fear into [...]

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Thumbnail image for Is the Cyprus property market bottoming out?

Is the Cyprus property market bottoming out?

February 12, 2015

The Cyprus property market suffers from two major issues in that it is relatively small compared to the worldwide market and is often associated with Greece, an area of the world in major financial trouble. As a consequence there are some very mixed views on the Cyprus real estate market with prices continuing to fall [...]

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Thumbnail image for New York Times investigation puts spotlight on real estate hotspots

New York Times investigation puts spotlight on real estate hotspots

February 10, 2015

A New York Times investigation into foreign ownership of New York property has cast a very dark shadow over the industry this week. The 8000 word investigation makes a number of allegations regarding the identity of real estate investors many of whom are able to hide behind shell companies and not legally obliged to reveal [...]

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