CDNetwork News

London Bourse dedicates the 2nd annual Saudi Money Market
17 June 2010 London — In an event attracting investment pioneers from all over the world who gear to get-acquainted to the ways of investment in the Saudi corporate stocks in London Bourse, the bourse today held the end annual Saudi Money Market conference.
Read more on Zawya

EB buys Pfizer’s NL complex
Gov. M. Jodi Rell announced Monday that Groton-based submarine builder Electric Boat will buy the former Pfizer World Research Headquarters in New London to house its own research and development and engineering and design facility. Electric Boat plans to invest million in developing the new engineering, research and development center.Video of the announcement
Read more on The Day

AP News in Brief
LONDON (AP) — BP PLC said Monday that its partners in the leaking Gulf of Mexico oil well must share responsibility for the costs in dealing with the disaster, on which BP said it has now spent billion.
Read more on Minneapolis-St. Paul Star Tribune

World stock markets soar after Chinese yuan move
LONDON (AFP) – Global equities surged on Monday when investors welcomed a promise by China to relax constraints on the yuan, ahead of this weekend’s G20 summit of world leaders in Canada.
Read more on Yahoo!7 Finance

U.K. Housing Market Strengthened Most Since January, RICS Says
June 15 (Bloomberg) — A U.K. house-price gauge climbed in May to the highest level in four months as demand from homebuyers matched rising supply, the Royal Institution of Chartered Surveyors said.
Read more on Bloomberg

Hurley haveli hunt in sanctuary
Jaipur, June 14: What rich and beautiful celebrities want they usually get, but Elizabeth Hurley’s dream of buying an “incredibly beautiful haveli” in the middle of a tiger sanctuary in Rajasthan may remain just a wish.
Read more on The Telegraph

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Real Estate Marketing Secrets From Iowas #1 Agent.
4.13% Conversion Rate To Sale: Learn How Steve Wolvers Dominates His Market In Iowa By Averaging 1 Home Sold Every 2.5 Days. Learn Why He Has Been The #1 Agent For Re/max In The Midwest Region For 5 Years In A Row.
Real Estate Marketing Secrets From Iowas #1 Agent.

by robpurdie

Question by sw9teen: In the London property market, how risky is it to get involved in a 52 yr lease property..advise?

Best answer:

Answer by Angela K
Its probably not that risky if done through a reputable seller or agent – but 52 years might be considered a bit short for a leasehold – most people are looking for more than 70 years, so unless you can get the lease extended it might be a little difficult to sell it on when the time comes. You should ask if the seller can get the lease extended to 99 yeasrs.

Give your answer to this question below!

Some cool london property images:

A stagnating market – P1060674


Image by Lars Plougmann

Dubai real-estate ad, estate agent’s window, Great Eastern Street, London, UK.JPG


Image by gruntzooki

Emily Bowes Court – Tottenham Hale


Image by Alan Stanton

Question by Mr Custard: How have the changes to the property market affected rental prices in London (around the Fulham area)?
Looking to move out of our two bedroom flat, but not too sure if we would find much else out there…….

Best answer:

Answer by jwishz
Prices have decreased and the forecast is that they will continue to do so for at least the next year or two. Definitely a buyer’s market

Give your answer to this question below!

by D & D

Insider Information on Surrey Real Estate Market

As a leading professional in its sector the Barton Wyatt (BW) residential estate agents   in South East England , provide  the  following information. Keeping  you up to date  is very important   in today’s real estate market .
In the  Wentworth market, the people still  demand  premium   real estate with good location and good condition. This keeps the steady graphics of the Wentworth market.   Average property prices have dropped, but now  estimating the real values of the  properties in the portfolios is getting  hard. Notwithstanding that, there still is a demand on the unique and individual properties   on the Wentworth Estate, and on the family houses and lettings in the Virginia Water area. .

Prospectively the Barton Wyatt Estate Agents Surrey  expects some reasonable  activity  in the market because of  the foreigner  purchases in the  Surrey and Hampshire market in Fall . The evaluations  of the professionals  show us that the devaluation of the Great British Pound and  falls in the  house   values  created the  alien  purchases in the Surrey market. In addition to the remarkable changes in the  house   values, the characteristics  of the Surrey settlement attract the buyers as well.  When viewed from this aspect; the property investment  in Surrey   seems to be a  wise  bet  that will receive a  profitable Return On Investment  in the long term .  
Actually ;

•     Owing to its  closeness to the capital , there are many commuter towns and villages in Surrey , the population density is high and the area is more  prosperous than other parts  of the UK. Surrey is an affluent county with a service based economy closely tied to London’s business life,

•    Surrey has the highest GDP  per person of any county in  England and the highest cost of living in the UK outside of  London. Surrey is credited with  having the highest  part of  prosperous people  in the UK. The average wage in Surrey is fulled  by the significant  number of residents  who work in financial  services,

•     There are more organisation  and  business headquarters  than the other counties  country wide. Electronic giants  Nikon,  Canon,  and  Philips are housed  here.  Toyota UK also have their HQs in Surrey.  Several  of the  major FMCG multinationals  in the world  have their UK and/or European  headquarters  here, including Superdrug, Nestle,  and  Colgate-Palmolive,

•     Three major motorways passing through Surrey  are; the M25 (London Orbital), M3 and the M23, popular  motorway  for the Gatwick Airport.  It  provides transportation from London’s Waterloo, Victoria or London Bridge stations to Surrey,

•    Surrey contains    numerous  mature  forests . Surrey  contains many  sites to see; including  Frensham Ponds, Virginia Waters   and Puttenham & Crooksbury Commons.

With regards to this information, the Estate Agents Surrey  highlights  that together with its benefits for the foreigner buyers  as an investment, it  is becoming  suitable for  young professionals who  want  to  move out of the capital , and that are after   better opportunities for a quality life, choices of educational institutions  as well as  golf  clubs.

We are optimistic  that  this analysis  is  very  helpful  for the people  who are interested in  purchasing a  home in  Surrey and Hampshire.

Related London Estate Agents Articles

Britain’s most expensive garage: Rundown lock-ups are on the market for staggering £1.25m
The hefty price tag is because they are in the fashionable district of Primrose Hill in north London – a favourite spot for Kate Moss and her crew.
Read more on Daily Mail

Horticultural heaven… yours for £8 million
Lord and lady of the manor are on the move (04/06/2010 16:05:50)
Read more on Bedford Today

A parents’ guide to buy-to-let student property
As university students in the UK get exams out of the way, some will have at least half an eye on their accommodation for next year. Many will be turning to mum and dad for a helping hand: but for parents who can, investing in property for your child may be the best bet. However, with only a few months until the new academic year gets under way, now is the time to make a move.
Read more on Independent

by GrahamIX

Prediction for the UK Property Market – a Much Sought-after Drop in Prices

In the aftermath of the recent Northern Rock crisis many property experts are now warning of the risk of a 1990′s style property crash in the future, although they put the chances of this actually occurring at 10 percent. Whereas these same experts had previously predicted continued increases in property prices, this change of tact in property price predictions is due not only to the events at Northern Rock, but also due to what has happened recently in the sub-prime lending market in the United States, as well as the seemingly endless increases seen in UK property prices.

However, Simon Rubinsohn, chief economist at the Royal Institution of Chartered surveyors told Reuters that while talk of a “crash” was legitimate and not irresponsible, homeowners were unlikely to see a repeat of the previous slump. Rubinsohn had previously predicted further increases in prices over the next 12 to 15 months, estimating growth of around 3 percent. Now, however, he is forecasting a flattening of prices across the same time period.

The huge increase in property prices seen throughout the UK over the past few years has made its share of the headlines – highlighting the need for more housing in the country. Property news and price forecasts have driven people towards making decisions regarding buying and selling their homes and investment properties and we are likely to see this new prediction change the property market yet again.

The number of people buying property to rent has already been subject to increase and these numbers are only likely to climb even higher in response to the latest news regarding the fall of property prices. Rubinsohn predicts London property will have the greatest likelihood of experiencing a drop in prices, claiming that were was a 20 percent chance of a decline in property prices in the City – possibly as much as 10 percent. As a result, many homeowners who have recently sold their properties are now hedging their bets on further price reductions, while in the meantime renting properties as they wait to purchase property at an even lower rate.

Renting accommodation allows these people who have recently sold their property to sample life in a new area, town or city. Furthermore, many people who have recently sold their property have been placing their profits into savings accounts in order to take advantage of high rates of interest currently on offer through banks – often generating a sizeable income while waiting for the perfect opportunity to reinvest in the property market.

If the drop in prices of property for sale in London and across the country does occur, it will also give hope to many people who have previously been out of reach of the property ladder as prices and deposits will be lower than before.

Related London Property Articles

Real estate outlook for ’09: prepare for market recovery.(Economic Trends 2009)(Industry overview): An article from: San Diego Business Journal

This digital document is an article from San Diego Business Journal, published by CBJ, L.P. on December 22, 2008. The length of the article is 1152 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

Citation Details
Title: Real estate outlook for ’09: prepare for market recovery.(Economic Trends 2009)(Industry overview)
Author: Gary London

List Price: $ 9.95

Price: $ 9.95

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