Real Estate

One would think that landlords are always in the better position when contracting. However, being a property owner has its risks and it can be difficult to handle them when you are a beginner in this type of transactions.

Property Division made a guide of 12 questions every landlord should ask themselves at one point:

1. Should I Tell My Mortgage Lender I’ll Be Letting My Property?

2. What Is the Right to Rent?

3. Should I Register the Deposit?

4. How Can I Prevent Property Fraud?

5. Is the EPC Mandatory?

6. Do the Gas, Electrics and Furniture Need to Be Compliant?

7. Is an Inventory Worth It?

8. Do I Need Insurance?

9. Do I Have to Pay Council Tax and Income Tax?

10. Can I Make Routine Property Visits?

11. When Should I Do an Inspection?

12. Who Should Contact the Council and Energy Suppliers?

Read the answers carefully and you are sure to have some more questions at the end of the article, if you are a landlord. But at least you know what to start with.

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Except if you are one one the lucky few that manage selling really fast their house, we can guarantee you one thing: the process is stressful. It goes for the sellers and for the buyers, as well!

The entire process was the subject of a study and it seems that both parts implied feel the stress. But there is also some dissatisfaction with the real estate agents…

Most buyers and sellers in England and Wales find the process stressful

Making things easy for the sellers is difficult. The buyers can, however, be helped. In their case, the Government promises to try to ease up the process.

Home buying to be made cheaper, faster and less stressful in England

If things are going smoother for those searching for a home, there is still one most stressful thing: the decision itself. Making up your mind and coming at peace with what you choose is crucial before buying.

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Photo source: Property Wire http://bit.ly/2xR0h2h

There have been a lot of whispers about Bank of England lately and the assumed raise of interest rates.

Any type of raise would clearly influence home owners, but here’s an example of how a small increase can look like for a monthly budget: a 0.25% rise of rates would mean that a typical variable mortgage repayment could cost an extra £13 a month. However, switching to a fixed rate deal could save borrowers £119 per month.

But, as the latest research suggests, the homeowners are not prepared for a raise in this sector. 68% do not actually know how a base interest raise can affect them.

Research suggests many British home owners are not prepared for interest rate rise

Knowing the risks and the implications is vital to choosing rightfully, at least when it comes to money.

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Just like any other property indicator, student acommodation is more expensive in London compared to other cities considered to be university poles. The differences are, however, quite high. For example, the difference between the rental costs and acommodation in the cheapest region – Stockton, and the priciest – London, is of £429 per week.

Reasons and a complete analysis of what costs students must pay across the UK in the article on Property Wire.

Student accommodation rental costs in UK can vary by over £400 per week

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Photo source: Property Reporter http://bit.ly/2ib8ZBf

We seem to get a lot of feedback about the property market on the regional level. London scores are getting lower and this causes an overall draw effect on the UK property market. All in all, the impression is that the market is definitely resilient to political uncertainty.

Details and some interesting point of view in the article on Property Reporter.

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Not as a surprise, the highest price per square meter is in London. The prices here doubled between 2004 and 2016.

However, the difference between the lowest price per square meter in the UK (Blaenau Gwent in Wales – £777) and the highest (the London borough of Kensington and Chelsea – £19,400) is enormous. The main causes and some of the effects on the long term you can find in this article on PropertyWire.

Astounding £18,000 difference between highest and lowest home prices per square meter

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Photo source: Property Reporter

Owners returned from the summer holiday with an appetite for selling. Latest research showed that new property listings are up by a fifth last month, compared to August.

Highest rise can be noticed in Oxford, while London – South East is on the fifth place.

And if you’re wondering about a region in particular, check out the entire article on Property Reporter:

September sees new property listings at two year high

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