Currently viewing the tag: "real estate"

Reasons To Attend Property Networking Events

Reasons To Attend Property Networking Events

Why Property Investors Should  Attend
Property Networking Events

Sometimes property investors don’t fully realise why they need to attend property networking events, seminars, workshops and meetings, maybe it’s because they feel that they have nothing left to learn or they have become accustomed to doing everything themselves, or maybe they just want an easy life.

But are there reasons why should property investors attend property networking events?

Of course there are, so let me ask you this…

  • What if you learned something at a property networking event that increased your property related income?
  • What if you forged a new relationship at a property seminar that helped you with your current property portfolio?
  • What if someone in a workshop answered a question to a property problem that has dogged you for ages?
  • What if you had the chance, but didn’t take it?

There are so many “what ifs” in life that cause us to take one path or another and very often, the one that’s chosen is usually the easiest way out.
Don’t choose the easy way, challenge yourself to be a better property investor and do better this year than you were last year.

Don’t allow opportunity to pass you by,
be in the right place at the right time!

We can all benefit from the people that we meet and opportunities that may present themselves, but having the courage to see them through can be another story, but it isn’t something that you have to do alone, there are like minded people out there that have similar experiences, greater understanding and enough contacts and power team players to be able to make property investment dreams a reality.

If you’re looking to take advantage of the current Property Boom, and why wouldn’t you be, then here are some more reasons to attend a property networking event near you this month.

  • Network with “like-minded” people.
  • Meet investors with Cash, knowledge and experience
  • Learn from other people through sharing experience and knowledge
  • Find Joint Venture Partners
  • Get out of your “Comfort Zone” (never a bad thing!)
  • Learn how people market their services
  • Learn what’s happening in the property industry today
  • Make money in the property market today and create wealth for tomorrow

Are there enough reasons listed above, can you add any more positive suggestions of your own?

So 2014 could be a great year for UK property investors and your options for the year ahead are listed below…

  • Option 1 – Sit on your A** watching TV every night of the month allowing the world to pass you by or…
  • Option 2 – Take positive action and attend a local property networking event near you and change your life for the better!

For the web’s most comprehensive listings of all UK property networking events – Click Here!

Alternatively if you are unable to spare any time to get out and meet people then why not consider joining property investors on forums and chat rooms, there are a great many to choose from, however we get the most value from the PIN Academy where thousands of active property investors exchange valuable information, property deals, opportunities and experiences with other serious property people, try it for yourself today – Click Here!

Join the PIN Academy Today and get together with like minded property people!

Join the PIN Academy Today and get together with like minded property people!

 

RICS Warns Of Another Property Bubble If Property Prices Increase By More Than 5%

RICS Warns Of Another Property Bubble If Property Prices Increase By More Than 5%

RICS Want To Cap Property Price Increases 

RICS want the Bank of England’s Financial Policy Committee (FPC) to consider limiting annual house price inflation to just 5% in order to prevent another housing bubble.

According to research by the Royal Institute of Chartered Surveyors (RICS), excessive property price growth and high mortgage lending have left the banking sector vulnerable and specific policy on limiting property price growth is required to prevent another property price bubble.

RICS have suggested caps on elements such as:

  • Loan-To-Value (LTV) ratios
  • Loan-To-Income ratios
  • Mortgage durations
  • Ceiling limits on the amount banks are permitted to lend (should prices exceed a given limit)

RICS reckon that by sending such a clear and simple statement to the public, indicating that the Bank of England (BoE) will not tolerate property price rises over 5%, would help restrict excessive price expectations across the country, preventing property prices from over-inflation.

Continue reading »

The World’s Most Expensive Residential Properties

The World’s Most Expensive Residential Properties

Residential properties come in all shapes and sizes, sometimes in the form of an astounding castle fit for a queen, or a billionaire mansion that can be the perfect little house in the country that every rich man loves.

 

No matter whom the owner of the residential properties are, if he or she has an unbelievable piece of property, you can be assured that there is a lot of money involved.

 

Inspired by this idea and to help every curious person out there, moneysupermarket.com created a complete infographic with the theme “The World’s Most Expensive Residential Properties”.

 

This is a list of the most amazing residential properties on earth, the kind of real estate that people only see in the movies or if they are sightseeing in a different country.

 

When you consider that on average residential properties in England and Wales are worth almost £250,000 (GBP), the value of some of the world’s most impressive residential properties is just staggering.

 

Starting with the Buckingham Palace, which is worth £5 Billion (GBP), Windsor castle £166 Million (GBP) and ending in the humble Balmoral Castle £160 Million (GBP), Her Majesty the Queen is the owner of the most expensive property in the world and her total property wealth is estimated at a staggering £5.326 Billion (GBP).

 

Distinguished billionaires and millionaires own some of the most fabulous real estate in the world, like the Chelsea football club owner Roman Abramovich, who owns the 80,000 square foot, Villa Leopolda in France worth £460 Million (GBP).

 

The Yemeni businessman Mukesh Ambani, the richest man currently living in Asia is the current owner of Antilla house in India, 27 storeys tall with 400,000 square feet of floor space worth over £1.3 Billion (GBP).

 

The founder of Playboy magazine Hugh Hefner owns the world renowned playboy mansion in the USA, worth a mere £35 Million (GBP) complete with its own private zoo.

 

The infographic shows how much each of these properties are worth, how many rooms there are in each one, when were they built and also their amazing features like big pools, tennis courts, bowling alleys, gyms or even zoos.

 

This infographic even shows the major events that have occurred in each property’s unique history, like the fire that partially destroyed the Windsor Castle in 1992.

 

Original Source www.moneysupermarket.com/

Property Investors Given False Hope

By Misleading Property Information

Property Investors Need To Do Thorough Due Diligence

Property Investors Need To Do Thorough Due Diligence

The importance of conducting thorough Due Diligence has again been highlighted, this time  by the British Property Federation (BPF) who have recently said that the lack of official data relating to the UK Buy To Let industry and the UK PRS rental markets as a whole may be giving landlords in some areas a false view of the potential profits they could make.

According to the BPF most of the survey and research data being broadcast on the internet is not representative of the UK property investment industry as a whole, and any potential landlords reading it could be led to believe figures that don’t apply to their local areas.

Continue reading »

We hope that our readers are having a wonderful Christmas and to keep you in the festive spirit we have a few laughs for you to share. Enjoy

 

Asbestos FSBO

Asbestos FSBO

fsbo-neighbour is an asshole

 

Repairs And Complaints Received by Letting Agents from Tenants: (These are 100% Genuine and are taken from actual letters and comments on forms). 

 

  • I want some repairs done to my cooker as it has backfired and burnt my knob off.
  • I wish to complain that my father hurt his ankle very badly when he put his foot in the hole in his back passage.
  • Their 18 year old son is continuously banging his balls against my fence. Not only is this making a hell of a noise, but the fence is now sagging in the centre.
  • This is to let you know there is a smell coming from the man next door.
  •  I am writing on behalf of my sink, which is running away from the wall 
  • I wish to report that tiles are missing from the roof of the outside toilet and I think it was bad wind the other night that blew them off.
  • I request your permission to remove my drawers in the kitchen.
  • The toilet is blocked and we cannot bath the children until it is cleared.
  • Will you please send a man to look at my water, it is a funny colour and not fit to drink.
  • Would you please send a man to repair my spout, I am an old aged pensioner and need it straight away.

funny Not for sale funny property ad funny property ad
 Funny Property Listing

  • I want to complain about the farmer across the road.  Every morning at 5.30 his cock wakes me up and it’s getting too much.  It’s alright when my husband is on day-shift, but when he’s on back-shifts or nights I get it several times a week from Mr. Docherty next door and at my age it’s too much.
  •  The man next door has a large erection in the back garden, which is unsightly and dangerous.
  • Our kitchen floor is very damp, we have two children and would like a third so will you please send someone to do something about it.
  • The toilet seat is cracked – where do I stand?
  • I am a single woman living in a downstairs flat and would be pleased if you could do something about the noise made by the man I have on top of me every night.
  • Please send a man with clean tools to finish the job and satisfy the wife.
  • Can you send a joiner to the house. When the woman next door closed the door the other night, she pulled at my knob too hard and now it’s ready to fall off so I daren’t touch it.
  •  I have had the contractor down on the floor six times, but still have no satisfaction.

   The Day Before A Property Repossession

The Day Before Repossession

Read more funny Landlord and Property Investor Jokes HERE

Tagged with:
 

The much debated north-south divide could hardly be more apparent than when it comes to housing. It’s widely accepted that England has an almost two-speed housing market: in the south east, real estate is as much an investment as a home, creating a frenzy of competition between investors, foreign buyers, locals and commuters that keep house prices high. Houses further north can be a fraction of the cost, with prices dropping, more homes standing empty and high levels of housing debt.

The natural conclusion might be that the lower prices mean that housing in the north is more affordable. In reality, affordability is about the money you take home each month versus the cost of your home. The money in your pocket is most often determined by the local jobs market and average wages, which can be totally out of step with the cost of housing in a particular region. On a more local scale again, the picture can become even more complicated – a recent IPPR report into housing in Bradford, for example, found that those in the poorest and cheapest areas of the city spent proportionately more of their income on rent.

Shelter has just released new research showing where the nation’s repossession ‘hotspots’ are – those areas where the highest proportions of homeowners are at serious risk of losing their homes. We find huge variation across the country, with the greatest number of hotspots clustering around the North West and the North East, and a couple of stand out areas in the south, including Barking and Dagenham, Lewisham and Thurrock.

Click here to explore the interactive map of hotspots from Shelter.

Of the top ten hotspots nationally, five are in the north west. What does this tell us? Firstly, the cluster of repossession risk hotspots in the north reflects economic conditions, to some extent. Home repossessions are often triggered by job loss or other loss of income, and our analysis shows that unemployment is higher, and has risen faster, in the areas where risk of repossession is highest.

More recently this has been exacerbated by the ongoing squeeze on household finances. Housing costs take up a large chunk of most people’s take-home home pay. We know that many families have made huge sacrifices – including cutting back on food and fuel – to keep up their mortgage payments. But ultimately if your pay isn’t rising and the cost of everything else is, it’s difficult to keep budgets on track.

The high cost of housing affects all of us. While prices might be most out of control in London, Shelter’s research clearly shows that the northern market is dysfunctional too, with worryingly high numbers of households falling behind on their mortgages and facing the threat of repossession.

Source: Guardian.co.uk

Properties across Greater Manchester including shops, offices, flats and a restaurant will come under the hammer in London on Thursday 24th May 2012.

The eight sites will be sold at a commercial property auction held by Jones Lang LaSalle.

They feature among a catalogue of 25 lots with a total guide price of £16 Million (GBP).

The properties include The Apple Building, Oldham Road, Manchester, which comprises 53 flats and has a guide price of £3.15 Million (GBP). The Lakeside Villas & Apartments, Blackley, comprises nine flats and 23 houses and has a guide price of £1.6 Million (GBP). Two shops at Stockport’s Merseyway development occupied by chain stores will be up for grabs with a guide price of £1.55 Million (GBP) along with a site on Great Underbank, Stockport, which is currently let to Lloyds estimated at £1.2 Million (GBP).

Salford office blocks Balmoral House and Sandringham House (£1.25m in total) and Windsor Court (£450,000) are among the lots. Lombard House, Cheadle, which is currently let to Countryside Estate Agents, and an Est Est Est leased restaurant on Manchester Road, Bury, have guide prices of £500,000 (GBP) and £475,000 (GBP) respectively.

For more information about the Manchesterproperty auction
Contact Charlotte Maynard Auctions Co-ordinator – Jones Lang Lasalle
+44 (0)20 7087 5497 or email: charlotte.maynard@eu.jll.com

The USA residential real estate (property) sales market is witnessing an influx of Chinese property investors, purchasing for both investment purposes and for personal reasons.

Research by the National Association of Realtors (NAR) show that the Chinese are just behind Canada as the largest group of overseas purchasers of USA property.

USA today revealed that cities such as New York, San Francisco and Los Angeles are proving to be popular destinations with overseas residential property buyers.

  • 40% of Chinese purchasers are motivated by attractive investment opportunities.
  • 60% buy properties with the intention of sending their children to school in the USA, immigrating or for business purposes.

Sales of investment property in the USA also appear to be booming, with the NAR publishing a study that shows a 64.5% increase during 2011.
Deals on holiday homes saw a 7% rise in the same period.

UK property repossessions increase

UK Property Repossessions are forecast to increase 22% in 2012

UK Property Repossessions are forecast to increase 22% in 2012

Economists expect the recession and rising unemployment to squeeze the already stretched household finances of thousands of struggling families this year and are warning UK homeowners and landlords of a sharp rise in residential property repossessions.

Record low Bank of England (BoE) interest rates and lower than expected unemployment figures kept property repossessions to relatively small numbers through the worst days of the first half of the recession and they eased again as the country struggled into a tepid recovery.

However, with a double dip recession inevitably looming, workers incomes failing to cover spiralling household costs, the Government’s economic cutbacks and welfare reforms starting to bite whilst the beleaguered private sector fails to replace jobs lost in the public sector, economists are fearing the worst.

The Council of Mortgage Lenders (CML) had already forecast a 22% rise in UK property repossessions for 2012 increasing the annual property repossession figures to around 45,000.

The property repossession figures include private residential properties where mortgage payments have lapsed and Buy-To-Let properties where landlords did not have <a title=”Landlord Insurance” href=”http://www.legal4landlords.com/rent-guarantee/” target=”_blank”>Rent Guarantee Insurance</a> and have been unable to keep up with their buy-to-let mortgage repayments due to their tenants not paying the rent.

Read the full article here

The volume of scheduled foreclosure auctions reached a nine-month high last month, suggesting that in early 2012 more homes in USA will be seized by banks or offered as short sales, in which lenders agree to accept less than the balance of a mortgage.

Although highly unfortunate for the victims, the distressed nature of the foreclosure property market in the USA presents purchasers with a unique opportunity to buy bargain priced properties in USA.

James J. Saccacio, chief executive officer at RealtyTrac said: “The first quarter typically is a better buying season, so you’ll see more of this inventory try to come to market.

“I expect 2012 to look similar to 2011 in volume if nothing changes with government intervention or regulations.”

Fresh figures provided by RealtyTrac, which publishes the largest database of foreclosure, auction and bank-owned homes, shows that a total of 224,394 properties received notices of default, auction or repossession last month.

RealtyTrac estimate that the U.S. housing market must digest over 14m distressed homes before the foreclosure crisis will improve. This includes around 1.5m homes in the foreclosure process, 3.5m with delinquent mortgages and at least 10m “underwater” properties.

Nevada led the nation with the highest foreclosure rate for the 59th straight month even as foreclosure notices fell 43% year-on-year, according to RealtyTrac.

California had the second-highest foreclosure rate, with one in 211 homes receiving a filing in November.

 

Tagged with:
 

There Will Never Be A Better Time To Invest In Property

MyPropertyPowerTeam.co.uk helps property investors and landlords build their own property power team to enable them to profit from property - Visit our main site now!