Property Investment News and Analysis from Dominic Farrell.
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View Article  Beware non-regulated property investment funds

I am often asked, "What do you think of XYZ property investment fund?"

My answer is always, "Is it regulated by the Financial Services Authority (FSA)?

If the answer is "Yes" I will then ask for the details, pricing, weighting, fund manager's experience etc..............make a few comments and then invite ...   more »

View Article  Lending data confirms pick up in UK property market

The renewed vibrancy of the UK housing market was confirmed on Monday after official data showed the number of mortgages granted at their highest level since the start of the year.

However, the same report also showed that consumers are proving ever more reluctant to borrow on their credit cards....   more »

View Article  UK, US and Eurozone interest rates outlook

The European Central Bank is set to step up the pace of monetary tightening this week with a rise in eurozone interest rates widely expected but the UK rate decision is a much closer call.

The latest data received by the Bank of England showed rising headline inflation, strong retail ...   more »

View Article  Caveat Emptor

A couple of investors today forwarded a property investment deal that they had received in their inbox.

 

The “deal” is overseas in a country that I know particularly well.

 

The inaccuracies in the factual information were astonishing and one particular claim was either misleading or showed a complete ...   more »

View Article  The longtime legendary appeal of Swiss franc loses its legs

With conflict raging in the Middle East, it might have been expected that the Swiss franc would benefit from its legendary safe haven status.

But the Swissie has remained weak as it has been much of this year. The franc on Wednesday was hovering close to the near-eight year low ...   more »

View Article  Property market pushes UK wealth to £6,000bn

Britain is now valued at more than £6,000bn on the back of a rejuvenated housing market, according to official data released on Monday.

In its annual calculation of the nation's wealth, the Office for National Statistics said that during 2005 the UK grew in value by £119bn to £6,012bn as ...   more »

View Article  China limits foreign investment in property

China's efforts to damp speculation in its property market took aim at a new target on Monday when the State Council approved a series of measures to restrict foreign investment in the sector.

The new package of rules – the latest in series of moves undertaken by Beijing in recent ...   more »

View Article  Record mortgages could nudge up UK interest rates

Would-be homebuyers should be careful not to over-borrow on their mortgages, experts warn, as the booming market in home loans becomes the latest factor adding to pressure for an early rise in interest rates.

Record mortgage lending figures may be good news for a resilient housing market and estate agents, ...   more »

View Article  London property investor networking - Wednesday 2 August 2006

The next London property investor networking event will be held on Wednesday 2nd August 2006 in Central London and is an open event.

For further details e-mail rebecca@bewarethesharks.com

   more »
View Article  Liverpool property investor networking - Thursday 21 September 2006

The next Liverpool property investor networking event will be held on Thursday 21st September 2006.

For further details e-mail rebecca@bewarethesharks.com

 

   more »
View Article  UK economy grows at fastest pace in 2 years

The UK economy grew at its fastest pace in two years in the second quarter, driven by robust service sector growth, according to official data released on Friday.

In its preliminary calculation of gross domestic product, the Office for National Statistics said output expanded by 0.8 per cent between the ...   more »

View Article  Sterling extends gains despite neutral MPC

Sterling continued to strengthen in European morning trade on Wednesday despite signs that the Bank of England was in no hurry to raise UK interest rates.

The minutes of the Bank's monetary policy committee's July meeting showed all seven members voted to keep rates on hold at 4.5 per cent. ...   more »

View Article  HIP - Apparent Changes on Home Information Packs Cast Doubt.
The news that the UK government is still hesitating about the introduction of Home Information Packs (HIPS) will not come as a surprise to many.  Pressure from estate agents and the industry as a whole will have had a significant part to play in the latest development, with HIPs becoming ...   more »
View Article  Boom in London House Prices

Fast growth increases North-South Divide, reports Luke Moore

 

According to the Royal Institute of Chartered Surveyors (RICS), the difference in house prices between London and the rest of England and Wales is the highest it has seen.

The property market in London and the South East seems to be ...   more »

View Article  Home prices 'to rise 50% by 2011'

Average house prices in England could rise from £195,000 to nearly £290,000 by 2011, research from Oxford Economic Forecasting (OEF) has said.

Under-supply of new housing will fuel house price inflation, the OEF added.

Getting on the housing ladder will become even harder, it said, as house prices rise from ...   more »

View Article  Financial advantages of a short-term holiday let

Marc Hoydonckx has an attractive villa with a pool in Brussels and an apartment in Sotogrande, Spain. Since he likes using both of them himself from time to time, he doesn't want to rent either out on a long-term basis. Instead, he covers his upkeep with just a ...   more »

View Article  All aboard the buy to let boom

Twenty years ago the idea of owning more than one property was rare. You bought a modest home for about three times your salary and, if you were lucky, moved up the property ladder gradually.

But then in many markets lending criteria were relaxed, the booming residential market gave homeowners ...   more »

View Article  Bulgaria Beware - a Sunday Times damning undercover report

Bulgaria? Beware

 

British buyers on the Black Sea may have to face some hard facts, says Sarah Marks

 

It was, many thought, too good an opportunity to miss: a beachfront property on Bulgaria’s Black Sea coast for £30,000. Not just a holiday home, but a cast-iron ...   more »

View Article  Bulgaria fails to make the shortlist for the 2014 Winter Olympics

Although largely unreported, Bulgaria has failed to even make the shortlist for the 2014 Winter Olympics which was one of the "sales pitches" for places such as Bansko and the other ski resorts as well as parts of Sofia.

As we have cautioned publically for some time now at Bewarethesharks.com, investment ...   more »

View Article  Canada brings a year of interest rises to a close

The Bank of Canada left its key interest rate unchanged yesterday, bringing to an end almost a year of steady increases.

The bank's overnight rate has stood at 4.25 per cent since the last rise in May, compared with 2.5 per cent a year ago.

The bank said the Canadian ...   more »

View Article  Slovenia given euro green light

Slovenia given euro green light

 

European Union finance ministers have cleared Slovenia's entry into the eurozone, the last legal hurdle before it adopts the euro next January.

 

They confirmed the political decision made by EU leaders in June, making Slovenia the first of the trade bloc's new ...   more »

View Article  Property unit trusts - debate re-ignited by REITs

The debate over which is better – listed or unlisted property – has rumbled on for years. But in Europe it has been reignited by Britain and Germany's decision to introduce real estate investment trusts (Reits).

For pension funds investing in property, unlisted funds have long had the upper hand ...   more »

View Article  UK property market goes into reverse

“UK house prices go into reverse” was the BBC’s sober take on the news that house prices slid 1.2% in June, the biggest fall in nearly four years.

“Shock fall in UK house prices…with further falls expected to come,” shouted the Times, rather more excitedly.

Good thing the Bank of England ...   more »

View Article  Cyprus property market up almost 5% since May
It was reported 7 July that property prices had risen by 2.71% in June following a 2.25% rise in May.   more »
View Article  Bank of England holds key rate at 4.5%
View Article  EU tax on offshore savings falls flat

Europe’s 14-year struggle to tax its citizens’ offshore savings has flopped, after investors in countries such as Switzerland and Luxembourg exploited loopholes in a controversial savings law.

In the first six months of the law’s operation, Switzerland – the world’s leading offshore financial centre – raised only €100m in withholding ...   more »

View Article  European Central Bank keeps interest rates at 2.75%

The European Central Bank held its main refinancing rate at 2.75 per cent on Thursday, a move widely expected in the wake of June’s quarter-point rate rise.

The decision had been predicted by all but one of 23 forecasters surveyed by Bloomberg, despite a gathering consensus that the Frankfurt-based bank ...   more »

View Article  Savills warns on UK property market

The UK housing market is unlikely to sustain its current strength towards Christmas, Savills the quoted estate agents warned yesterday.

"We have some caution that the residential markets may not be as buoyant in the second half," the group said in a trading update ahead of its interim results.

The ...   more »

View Article  Wimpey says UK property market improving

George Wimpey, the UK's second largest housebuilder, on Wednesday offered further evidence of a slowdown in the US housing market after its Morrison Homes unit revealed a 17 per cent fall in orders for new homes.

Forward order book for Morrison, its US division, stood at $668m at the ...   more »