News
18-Jan-08
A member of the Bank of England's Monetary Policy Committee (MPC) has hinted that he supports a cut to the base rate of interest sooner rather than later.Deputy governor of the Bank and MPC member Sir John Gieve hinted at his support for a reduction durin...
Market is stronger than it was in the 90s
18-Jan-08
We are not about to see a property price crash on the scale seen in the 1990s, according to one expert.CB Richard Ellis believes that prices will actually rise by around three per cent in 2008, reports the Telegraph.The firm is confident that prices will ...
Jobs stats won't postpone rate cut
18-Jan-08
The latest employment figures reveal that more people got themselves jobs in the three months to November 2007, but future projections point to less healthy times ahead.With this in mind, Dr John Philpott, chief economist at the Chartered Institute of Per...
Landlords receive tax returns reminder
17-Jan-08
People who own investment properties in London and elsewhere in the UK need to get their self-assessment tax returns in before the January 31st deadline.HM Revenue & Customs (HMRC) has warned landlords and other self-employed people not to miss the da...
London airport expansion will boost house prices
17-Jan-08
The value of properties close to London City Airport may increase as the hub expands.In the last 12 months, passenger numbers at the airport have increased by 23 per cent.However, although many people may see this as a negative thing for local homeowners,...
Brits overspend on home improvements
17-Jan-08
A quarter of Britons who carry out home improvement work underestimate how much the projects will cost.That is according to Halifax, which reveals that around one million people undervalue the expenses involved by approximately £4,500.It means that B...
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Print this articleOpportune moment to buy property
11-Jan-08
The majority of property investors describe now as an opportune moment to invest in the property market.
That is according to the latest survey from Property for Life, which found that 75 per cent of investors subscribe to that view.
It comes despite 40 per cent believing that house prices will not increase in 2008 but the rise in confidence is thought to be down to an easing of financial pressures.
The survey highlights a seven per cent decrease in the proportion of investors who claim to be struggling with high interest rates.
"December's base rate reduction is a sign of a promising year ahead for investors. Although the decision was taken today to hold the rate this month, we can look forward to the prospect of another drop early on in the year," said David Austin, managing director of Property for Life.
"The financial pressure is already beginning to lift and this is set to continue as December's drop really kicks in and confidence rallies
"As always, the long term prospects of bricks and mortar are healthy. With no slowing of demand for rental property, the buy-to-let sector is playing a key role in helping to underpin the market," he continued.
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