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Leasing your house is a better choice than selling

"Buying a house in London Costs a fortune" is as true as another statement which is "Selling a house in London is what fools do!" Continue reading

Rent costs rose in January

In a report released by the LSL Property, London, claimed an average rise in rent by 0.1% in January.As a result the, the rent inflation rose to 4.3% from 4% in December. Continue reading

The use of internet for housing and real estate

The advent of internet has definitely made the real estate industry flourish. Known as the Internet Real Estate, the medium has allowed the online promotion of real estate. The medium provides real estate companies to come up with their big property portals which are a sort of online inventory of information on homes to buy and let. Continue reading

Increase in Mortgage, houses becomes 'less affordable'

Within the first three months of 2012 almost all big banks of UK including Halifax, RBS, Clydesdale and Yorkshire Bank etc. have raised their mortgage rates. Which obviously decreases the average buyer’s ability to buy a house? The mortgage lenders have given quite a tactful reason for this increase; they say that since there is an increase in the Libor rate (the average interest rate that the biggest London banks charge when lending to each other) has risen because of the crisis in the Eurozone. Continue reading

Effects of Eurozone crisis on UK's Housing Industry

"The crisis in the euro zone is having a chilling effect, not just on euro-zone economies, not just on market confidence, but on the British economy too" don’t these words sound familiar? They why spoken by PM David Cameron while addressing the European Union summit in Brussels. It is no hidden fact that the euro-zone crises are having deep and long-term consequences on UK’s economy especially the real estate market. Continue reading