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UK becoming a nation of renters

27 January 2014

Some 60% of first time buyers are now aged between 25 and 34 with a declining number of older new buyers and under the government’s Funding for Lending scheme, the proportion of loans to first time buyers with a deposit of 10% or less has risen from 33% to 38%, says the Countrywide quarterly market review report.It also shows that on average 9.7 buyers were chasing every new property coming on the market in November 2013, compared to 8.5 in November 2012, 7.1 in November 2010 and just 6.5 in November 2008.In terms of age, first time buyers are becoming...

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The 20 Most Expensive Cities in the World

13 January 2014

The question of what are the most expensive cities in the world is a common question and always leads to how should or even could this be judged. Expatistan, a cost of living site has recently announced the top 20 most expensive cities in the world and London has topped the pole with comments highlighting monthly transportation costs of £131, high rent that has implications for Londoners and that petrol is £1.39 a litre, which is more than double the price in LA. The cities listed, starting with the most expensive are :- London Oslo...

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Rental Market Prospects for 2014

06 January 2014

The housing market is “unrecognisable from 12 months ago”, said one property commentator last week, and a wealth of statistics bear him out. During 2013 house price growth has rippled out from the capital to touch every region. Mortgage lending and transaction volumes are dramatically increased. Rents are stable. Mortgage costs remain at record lows. Together these factors appear set to deliver an attractive rental yield plus the bonus of capital growth. Is it any wonder that two in three landlords plan to add to their portfolios in 2014? House prices in 2013 At the end of 2012...

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