There has been a 5% rise in farmland acres publicly marketed across Great Britain during the first three quarters of 2013, according to research. The average value of prime arable land strengthened by 2.3% to just under £8,300 per acre which equates to an 8.5% value increase in average prime arable land, according to the Savills Farmland Value Survey. But supply fell furthest in the East of England (-36% down on the first three quarters of 2012) with just 9,640 acres of land publicly marketed...
Buried treasure can be found in the Caribbean, and you don’t need a pirate ship to find it. The treasure comes in the form of affordable real estate in five sub-tropical markets primed for growth. These areas are all poised to experience an economic boom in 2013 and beyond, and that has put wind in the sails of North American baby boomers. Each market has an inventory of move-in-ready properties that are suitable for retirement and investment purposes. They are also relatively inexpensive.
Reforms which will allow farm buildings to be turned far more readily into homes have come under fire.
The Campaign to Protect Rural England has warned that the move is badly thought through and will lead to a rash of unsuitable housing development “popping up” in the countryside, without the safeguards provided by the planning system.
Eric Pickles’s ‘ambitious’ reforms of the private rented sector, which include a Tenants' Charter, completely fail to tackle the problem at the heart of the industry.
Paul Weller, managing director of lettings chain Leaders, said that the only measure that will work is regulation to stop bad agents operating.
The Prime Minister described the energy supplier’s 9.2 per cent gas and electricity price hike as “very disappointing”.
He said that customers who are “not happy” should try and get a “better deal” by switching energy supplier.
The Advertising Standards Authority has provided new rules to clarify non-optional letting fees and client charges for property adverts – in print and online.
The latest industry report reiterates what top residential realty brokers have been saying: Latin American buyers are essential to the local market.
Florida Realtors’ “2013 Profile of International Home Buyers in Florida” states 69% of international buyers in Miami are from Latin America or the Caribbean.
“They are major players,” said Lynda Fernandez, senior vice president of public relations for the Miami Association of Realtors.
Three large UK mortgage lenders remain undecided on whether to join the government's Help to Buy scheme.
Barclays, Santander and Nationwide Building Society all said they were reviewing the details of the scheme, published on Tuesday, before reaching a decision on participation.
The range of measures announced under the UK government's Help to Buy scheme to kick-start the housing market were much needed. However, RICS has cautioned that Phase 2, which in January 2014 will extend the scheme to include lending on second-hand homes, could increase risk of a ‘bubble’ – particularly in London and parts of the South East.
Banks have begun to unveil mortgages which they will offer under the expanded Help to Buy scheme.
The government's initiative is designed to enable buyers who can afford only small deposits to buy a home.