Welcome to my property market update for February 2013! The Press hasn’t been too intent on destroying public confidence in the housing market this month, which is good to see. Indeed, that’s been a few months where it appears that Scottish Independence and the trams in Edinburgh have bumped more general property market news off…
As I write my first property market update of 2012, I have just listened to to The Beatles’ ‘Here Comes the Sun’ and have been unable to resist a little wry smile. For those of you whose properties are still standing and have an entire roof after the hurricane and extreme weather that we saw…
HSBC bank has reported that more than 350,000 home owners in the UK who bought a property in 2007 are in negative equity: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/8888537/More-than-350000-home-owners-in-negative-equity.html What does this mean and what should you do if you find yourself in this position?
When somebody with a mortgage doesn’t keep up repayments on their mortgage, they will be in breach of the agreement that they entered into with their lender. The lender, to recover the money that they have lent to the borrower, can insist that the property is sold. The process of the lender taking full control…
The Nationwide bank’s monthly property prices survey suggests that property prices across the UK are remaining very static, having fallen 0.2% in the past month. http://uk.reuters.com/article/2011/05/04/uk-house-prices-fell-02-pct-in-april-nat-idUKLNE74301I20110504 Whilst this might look like bad news, after a few years of uncertainty in the property market, I’d suggest that many property owners will take stability over runaway inflation…
Green Shoots It’s been quite a start to the year and one that we didn’t expect. Breathe it softly but…the property market in Edinburgh at least seems to be returning to some semblance of health. If you’ve been following my updates for some time now then you’ll know that I have been fairly unoptimistic about…
It’s the end of 2009 and I thought that I’d stick with tradition and make my predictions as to what will happen in the property market in 2010. Since these are only predictions and not rocket science, and I’ll be the first to admit that I could be completely wrong with any predictions that I…
February has been a good month for significant news about the property market, with important figures and predictions emerging. For our summary of the month’s important property news, read on!
An Introduction to Quick Sale Companies: ‘We Guarantee to Buy Your House in 4 Weeks, for Cash’…Is it Too Good to be True? Times are tough in the general economy and in the property market and they have been for a few years now. As property prices have fallen over the last few years, many…
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