The UK has seen quite a steep difference of pace between the rate of growth of rental costs for private property tenants , up 60% over the last 10 years, as compared to gross income which has only gone up by 31% over the same decade.
ConcreteNetwork.com Publishes Updated Information on Foundation Failure
January 29, 2013 by
ConcreteNetwork.com, on of the top online resources for information on concrete, has published an updated version on their foundation repair information section, adding fresh tips on repairing distressed foundations, as well as explaining the causes and signs of foundation failure. The newly published material helps homeowners doing research on foundation repair and commonly used repair methods.
Philippines: PDIC Auctions 86 Commercial and Residential Properties
January 28, 2013 by
State deposit insurer Philippine Deposit Insurance Corp. (PDIC) is set to auction all assets of Visayas-based banks that have been ordered closed by THE PHILIPPINE Deposit Insurance Corp. (PDIC) will auction next week the assets of Visayas-based banks ordered closed by the Bangko Sentral ng Pilipinas.
Investments in UK Student Accommodation Reach Record High
January 24, 2013 by
The amount invested in student accommodation in the UK in 2012 reached a record high of £2.7 billion in 2012, up 125% from the 2011 investment in this segment, as new research by property consultants CBRE showed. While the overall number of student in the kingdom has decreased, accommodation investments have been on a steep upwards trend for the past three years.
PREI Continues Promotions Streak with New Europe Business Heads
January 23, 2013 by
Prudential Real Estate Investors, one of the major players in global real estate investment management, has appointed Raimondo Amabile and Andrew Radkiewicz co-heads of its European business. Philip Barrett has also become chief risk officer for Europe and Asia.
Mortgages Become More Affordable in Scotland
January 22, 2013 by
Reduced mortgage rates and decreasing house prices in Scotland have led to a significant improvement in mortgage affordability, according to new research released by the Bank of Scotland. Mortgage payments as a proportion of income have dropped by over two fifths in recent year from the record 38% level reached in the fourth quarter of 2007.
UK Real Estate Asking Prices on the Rise
January 21, 2013 by
UK property asking prices went up by 2% in January froth their December level, leading to a 2.4% year on year increase, as shown by Rightmove data. The property website forecasts that both prices and transaction numbers for real estate will moderately grow in 2013, based on their increase in traffic in the new year.
Condos Pique the Interest of Investors and Developers Once More
January 17, 2013 by
For some cautiously, for others at full speed, condominiums are making a comeback in US urban markets as buying is once again more attractive than renting. Investors and big developers turn their interest to residential condos, as apartment rents go up and the real estate market slowly recovers.
GreenOak to Raise $500 Million for Second US Investment Fund
January 16, 2013 by
Investment firm GreenOak Real Estate LP plans on raising $500 million for its second U.S. investment fund, money that will be used to buy properties in large coastal cities. GreenOak’s first fund, of which already 70% had been invested, was raised to acquire office, retail and residential properties, most of them in New York city
Real Estate Funds Underperform Due to Excessive Leverage
January 15, 2013 by
Real estate funds that favor a riskier approach are more likely to have leverage determine their underperformance, as shown by a recent study published by the Urban Land Institute (ULI). To reach its conclusions, the study employed a model which measured leverage impact on underperformance for 169 core, value-added and opportunistic funds.
