Property prices in London’s most sought-after postcodes have risen steadily over the past couple of years, as investors have moved funds out of assets held in euros to buy into what is seen as a “safe haven” alternative. Foreign money seeking a refuge from the wider economic turmoil accounted for 60 per cent of acquisitions [...]
Continue reading " Euro collapse could halve London house prices "
My Home Move Ltd has reported a profit for the financial year to end December 2011, marking a return to profit following a difficult 2010. The Directors’ report and financial statements announced a profit of £994,000, which shows that the company has bounced back from 2010 where a loss of £980,000 was reported. The report [...]
10. With the tenth highest proportion of £1m properties is Gerrard Cross in Buckinghamshire, with 28.3 per cent of properties over the mill. 9. Salcombe in Devon with its wide sandy beaches is ninth in the list, with 28.9 per cent over £1m. 8. Home to the posh horse races, Ascot in Surrey has 29.4 [...]
Continue reading " Top ten locations for million pound houses "
The Greek euro crisis could add hundreds of pounds a year to the cost of a typical home loan, according to Adrian Anderson, from mortgage broker Anderson Harris. He believes that mortgages could rise by three quarters of a percentage point if the eurozone crisis escalates. “There will be plenty of pressure on lenders to [...]
Continue reading " Greek crisis could raise mortgage rates "
The NewBuy scheme is in crisis after a survey discovered that only five homes have been sold through it. The scheme is intended to stimulate housebuilding and the wider economy, with the state and the builder guaranteeing 95 per cent loan-to-value mortgages on new build properties. However builders complain that lenders are pricing NewBuy loans [...]
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