Average UK property price rose 4.7% last year adding about £3,300 to the cost of buying a typical home but London growth slows markedly. Growth in UK house prices has slowed but remains close to 5%, with faster growth seen outside London, according to official data. House prices across the country increased 4.7% in the […]
RANGOON — Real estate prices in Rangoon have fallen as much as 25 percent in recent months, a sign that a larger market correction may be on the horizon, reversing a three-year-long trend of soaring prices. Many new apartment buildings have been built in the last two decades and vacancy rates remain high, several real […]
The British capital’s robust property market makes it a solid bet for investors Across the Atlantic from New York in London, it’s still a complicated picture. Andrew Bridges, managing director of London real estate agent Stirling Ackroyd, believes the UK capital maintains a strong magnetism for international buyers. “London’s global reputation speaks for itself and […]
Two tax changes affecting British property owners who live abroad will come into effect next month [1 April 2016]. The first will increase the land tax paid by expats acquiring a second UK residential property. The other is a hike in ”landlord mansion tax” affecting expats who own UK properties through companies. Tax expert Laurence Lancaster explains what is […]
Cost of average home hits £214,811 but mortgage lender Halifax warns Brexit fears could curb housing market activity UK house price growth has picked up to hit an annual rate of 10.1%, a one and a half year high, but could ease in coming months amid Brexit fears, according to the country’s biggest mortgage lender. The […]
PHNOM PENH, CAMBODIA — Real-estate developers from across Asia are rushing into the Cambodian capital, Phnom Penh, seeking a share of one of the region’s last frontier property markets. In just a couple of years, the city has become practically unrecognizable from its former low-rise persona, adopting the cluttered mayhem of Thailand’s Bangkok. In just a […]
High street banks have reported a strong start to the year in the mortgage market, saying buy-to-let investors may be driving some of the growth as they try to complete ahead of higher stamp duty rates in April. The number of mortgages approved by high street banks was up by a third year-on-year in January, with […]
Under a “Northern Powerhouse” plan led by George Osborne, the chancellor of the Exchequer, the government has pledged to build more roads and railways, invest in technology and research hubs, and even appeal to China’s development bank for funds. London churns out so much wealth that its annual economic output is equal to Saudi Arabia’s. […]
Those seeking second homes in the UK will soon face an increased tax on their property purchase. Here’s what homebuyers need to know about the new levy Starting April 1 anyone buying a second home in the UK, whether it’s a holiday cottage by the sea or a series of investment rental apartments in central […]
Which one would you choose? Despite the seemingly unstoppable rise of new condominium complexes in Bangkok, the apartment market is still performing strongly in the Thai capital with occupancy higher in the most popular expat areas than the condo market, according to a recent report from CBRE Thailand. The number of expats in Bangkok is growing […]
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