Equity release is not the solution for older people who need extra cash

Tuesday, 22 September 2020 03:11

The House of Lords committee is wrong: equity release will not solve the problem of funding an increasingly elderly population

Equity release should be one of the key solutions for a Britain that is "woefully under-prepared" for the expected explosion in the number of older people, according to a House of Lords committee this week. But this is a...

South African property doesn't come cheap

Tuesday, 22 September 2020 03:11

Investors looking for property in South Africa need to be prepared to pay top dollar, as the country continues to suffer from a shortage of affordable housing. Carollize Laing, First National Bank (FNB) Commercial Property Finance head of residential and affordable housing, explained that "demand for housing remains high, particularly in...

Is now the time for Brits to invest in Turkish property?

Tuesday, 22 September 2020 03:11

With a relatively thriving economy, burgeoning tourism industry and a promising Olympic bid in the pipeline, Turkey is starting to look like an attractive option for investors. The country has successfully managed to avoid much of the complications experienced by eurozone nations since 2008 and, as the weaker pound is now making Europe unappealing...

Let's move to Uttoxeter, Staffordshire

Tuesday, 22 September 2020 03:11

The town best known for racing is well worth a punt

What's going for it? Like Dogger Bank or Land's End, Uttoxeter is one of those places you tend to hear about, rather than visit. It's there in the sports bulletins on the radio: "All bets'll be on Go Gently Sweet in the 1.55 at Uttoxeter." I remember it as a recurring joke on A Bit Of Fry And...

Demand increasing for Thailand's luxury residential property

Tuesday, 22 September 2020 03:11

Luxury Thai property is increasingly finding itself in high demand, according to Knight Frank's Prime International Residential Index. The Global Property Guide reported that despite floods in the popular destination of Bangkok, the city saw real estate growth of 9.4 per cent in 2012. Phuket also enjoyed a relatively strong year in the luxury...

London housing associations join private market to fund affordable rents

Tuesday, 22 September 2020 03:11

Top 15 social landlords to build 13,000 new affordable homes but also let and sell properties at market rates to fund projects

London's housing associations are to venture into the private property market on a grand scale for the first time in a bid to extend their social housing mission to "generation rent" – the growing numbers of people who are u...

Has Spanish financial restructuring hit a roadblock?

Tuesday, 22 September 2020 03:11

The restructuring of the Spanish financial system may have hit a roadblock, with economy minister Luis de Guindos declaring that the country's three fully nationalised banks will not be merged. Reuters reported that despite a failed auction attempt, the option of a merger will not be explored. However, with Spain under pressure to privatise the...

Worsening unemployment spells bad news for Spanish property

Tuesday, 22 September 2020 03:11

March has brought with it more bad news for the domestic property sector in Spain. Nearly six million Spaniards are now out of work and it seems plans to boost employment to stimulate economic activity are failing. According to Phillip Inman, economics correspondent for the Guardian and Observer, and author of Managing Your Debt, a Which?...

Ireland's 'bankruptcy tourists' face tougher treatment in English courts

Tuesday, 22 September 2020 03:11

Distressed Irish moguls who would be declared bankrupt for 12 years at home are finding it harder to get courts in England – who would bar them for only one year – to hear their cases

At the peak of the Irish economic boom in 2007, lawyer and investor Brian O'Donnell had an empire that was the envy of his contemporaries. Along with a large house in...

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