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UK landlords urged to protect their property from fraud

The UK Land Registry is reminding landlords to take steps to protect their property from being fraudulently sold or mortgaged in 2015.

It points out that you are more at risk if you rent out your property, you live overseas, the property’s empty, the property isn’t mortgaged and the property isn’t registered with the Land Registry.

Properties will be registered if they were bought or mortgaged since 1998 and anyone who is unsure can check the register. A spokesman said that if any information on the register is incorrect, such as a landlord changing contact address, these should be notified and changed.

‘You can track changes to the register or put a restriction on your title if you think you’re at risk. You can also sign up to get property alerts if someone applies to change the register of your property, for example, if they try to use your property for a mortgage,’ said a spokesman.

 

Source: Property Wire

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Number of first time buyers in UK rises for third year

The number of first time buyers in the UK increased by more than a fifth in 2014, the third successive annual rise, new data shows.

The 22% rise was similar to the 23% rise recorded in 2013, according to the annual Halifax First Time Buyer Review.

There were an estimated 326,500 first time buyers in 2014, up from 268,500 in 2013, the highest annual total since 2007 and was 70% higher than in 2008. The data also shows that first time buyers increased their share of all house purchases made with a mortgage, accounting for 46%1 in 2014, up from 44% in 2013.

Mortgage affordability has improved significantly in recent years. The proportion of disposable earnings devoted to mortgage payments by a first time buyer stood at 32% in the third quarter of 2014, a substantial improvement compared with the summer of 2007 when this figure reached a peak of 50%. Record low mortgage rates have been a major contributing behind this improvement, the Halifax says.

 

Source: Property Wire

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Funding boost for affordable new homes in London

The Mayor of London has announced his intention for millions of pounds of funding for two new schemes to help Londoners into affordable home ownership and accelerate the delivery of new homes.

A shared ownership schemes will help people on low to medium incomes own a home with a boost of up to £180 million through the Mayor's First Steps Challenge Fund and £40 million goes to an innovative housing project where buyers need no deposit.

The Fund aims to accelerate the delivery of 4,000 new homes between 2015 and 2020 and is being made available on a recoverable basis so that money can be reinvested to provide more opportunities for affordable home seekers, helping achieve the Mayor's aim of assisting 250,000 Londoners into low cost housing by 2025.

 

 


Source: Property Wire

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UK property markets set to see slowing of growth in 2015 says CBRE

UK property sectors are set to continue to expand, in 2015 but the overall trend will be a slowing of growth to more sustainable levels, a new analysis suggests.

Prime London markets will continue to grow in 2015, but confidence and investor interest will encourage growth in prime regional markets and secondary housing markets will fare better than in recent years, according to real estate advisor CBRE.
 
It points out that in 2014, total returns to property averaged nearly 20% and in 2015, there will be a slowing of growth rates with average returns just under 13%.

The general election in May will bring some uncertainty into property decision making but year on year there is expected to be significant rental growth for most sectors but a further improvement in yields as investment inflows continue into the UK market.

Prospects for retail properties remain among the most uncertain, with few sure signs just yet that stable growth is returning to consumer spending, and cost pressures and distractions across the sector, particularly in grocery retailing, although in 2015 as in 2014, prime retail destinations will remain a safe bet, the report explains.

Source: Property Wire

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UK house prices up 10.4% annually, but inflated considerably by growth in London

UK house prices increased by 10.4% in the year to October 2014, down from 12.1% in the year to September 2014, the latest index from the Office of National Statistics shows.

England saw the steepest price rises with an annual increase of 10.8% in England, while in Wales it was 5.7% and Scotland and Northern Ireland both saw year on year gains of 4.9%.

But a closer look at the figures show that annual house price increases in England were driven by an annual increase in London of 17.2% and to a lesser extent increases in the South East of 11.9% and the East at 9.6%.

So, excluding London and the South East, UK house prices increased by 6.7% in the 12 months to October 2014. And on a seasonally adjusted basis, average house prices increased by 0.1% between September and October 2014.

The ONS data also shows that in October 2014 prices paid by first time buyers were 12% higher on average than in October 2013. For existing owners, prices increased by 9.7% for the same period.

David Newnes, director of Reeds Rains and Your Move estate agents, pointed out that it is good news that annual house price growth across England and Wales has more than doubled over the last 12.

‘The considerable uplift in values over the year to November 2014 has pushed the average price of a home in England and Wales above £280,000 for the first time. These figures are spurred on by London and the South East, where the housing recovery has been fast tracked,’ he said.

‘When these regions are removed from the calculations, a calmer annual rise in house prices materialises. After a temporary hiatus at the highest tiers of the property market, growth has rallied again in the capital with values in prime spots such as Kensington and Chelsea, and Hammersmith and Fulham surging 5.3% over the course of the month, hitting new price records along the way,’ he explained.

 

 

Source: Property Wire

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Ikos Investments Property Opportunity Murcia

 
Delivering Property Opportunities
IKOS Investments
Property Opportunity
 


LIFESTYLE INVESTMENT OPPORTUNITY

Two Bedroom Luxury Penthouse
Murcia
 
 
An exceptional two bedroom luxury apartment on a stunning 18 hole golf resort.
The property comprises of a spacious living room with open plan modern kitchen, two bathrooms and a large terrace.
 
The property benefits from large communal swimming pool and 18 hole golf course. It is just a few minutes away from one of the quietest and richest sea line areas on the Spanish coast.
 
 
 
 
 

Investor Price from 57,000 euros

Broker fee £3,000
 
 
 
 
Please e-mail: John Raiye
for further details and viewing arrangements
 

We can assist in the management of this
investment opportunity.
 
Ikos Investments, Branston Street, Branston Court, Birmingham, B18 6BA
Tel: 0121 247 6832

Ikos Investments Property Opportunity Playa Honda, Las Palmas Lanzarote - Livestyle Renovation Project

 
Delivering Property Opportunities
IKOS Investments
Property Opportunity
LIFESTYLE RENOVATION PROJECT

 Three Bedroom Apartment
Playa Honda, Las Palmas, Lanzarote
 
 
This property comprises a spacious and bright lounge with a kitchen, three bedrooms and family bathroom.
 
This renovation project has exceptional potential and offers a fantastic location a short walking distance to the beach.
 
This property has good connection links and is close to shop amenities and restaurants.
.
 
 
 
 

Investor Price 73,000 euros

Broker fee £3,000
 
 
 
 
Please e-mail: John Raiye
for further details and viewing arrangements
 

We can assist in the management of this
investment opportunity.
 
Ikos Investments, Branston Street, Branston Court, Birmingham, B18 6BA
Tel: 0121 247 6832

Ikos Investments Property Opportunity Birmingham

 
Delivering Property Opportunities
IKOS Investments
Property Opportunity
Four Bedroom Terrace
Birmingham B19
 
The property briefly comprises of two reception rooms, kitchen overlooking the garden and bathroom on the ground floor.
The first floor consists of two double bedrooms, two W.C and the second floor has two further double bedrooms.

The property does requires a cosmetic refurbishment.

The rear garden is of good size. The property is set close to local amenities, schools and public
transport.
 
 
 
 
 
 


Investor Price £140,000
 
 
Broker fee £3,000 
 
Please e-mail: John Raiye
for further details and viewing arrangements
 

We can assist in the management of this
investment opportunity.
 
Ikos Investments, Branston Street, Branston Court, Birmingham, B18 6BA
Tel: 0121 247 6832

Ikos Investments Property Opportunity Punta Mujeres, Las Palmas Lanzarote - Livestyle Renovation Project

 
Delivering Property Opportunities
IKOS Investments
Property Opportunity
 

LIFESTYLE RENOVATION PROJECT

 Four Bedroom House
Punta Mujeres, Las Palmas, Lanzarote
 
 
Two storey house with A roof terrace in Punta Mujeres. Ground floor comprises of lounge, fully fitted kitchen, bedroom, bathroom and patio.
Upper floor consists of three beds and family bathroom with stairs to access to the roof terrace with extraordinary sea views.
The house is in need of a refurbishment and would creaet anexceptional holiday home with some potential for rental income.
 
This property has good connection links and is close to public transport, shop amenities and walking distance to the sea.
 
 
 
 

Investor Price 79,000 euros

Broker fee £3,000
 
 
 
 
Please e-mail: John Raiye
for further details and viewing arrangements
 

We can assist in the management of this
investment opportunity.
 
Ikos Investments, Branston Street, Branston Court, Birmingham, B18 6BA
Tel: 0121 247 6832

Ikos Investments Property Opportunity Yaiza Las Palmas Lanzerote

 
Delivering Property Opportunities
IKOS Investments
Property Opportunity
 


Three Bedroom New Build House
Yaiza
Las Palmas Lanzerote
 
 
New semi-detached two storey house with semi-basement in Yaiza.
 
Ground floor comprises of fully fitted kitchen, patio, garden, spacious lounge and
en suite bedroom with fitted wardrobes.  Upper floor comprises of two bedrooms with fitted wardrobes, family bathroom and  two terraces and spectacular views.
The property comes with a spacious basement for
storage or ample parking provision.
 
 
 
 

Investor Price 125,000 euros

Broker fee £3,000
 
 
 
 
Please e-mail: John Raiye
for further details and viewing arrangements
 

We can assist in the management of this
investment opportunity.
 
Ikos Investments, Branston Street, Branston Court, Birmingham, B18 6BA
Tel: 0121 247 6832