Home ownership £200,000 cheaper than lifetime of renting, study finds
Monday, 18 June 2012 00:05

Barclays researchers says figure is a conservative estimate and does not factor in high inflation or resale value

Young people locked out of home ownership will spend nearly £200,000 extra over a lifetime of renting rather than buying a house, according to research.

Barclays' calculations show that the costs of buying, paying the mortgage on and...

 
How to get into property
Friday, 15 June 2012 23:01

Although the sector has been hit by the recession there are numerous and diverse jobs, and many routes in

The recent economic crisis has hit revenue and jobs in the property sector, but many believe the market will slowly begin to recover from the recession – or that the government will not allow it to fail. The range of prospective jobs and c...

 
Weak dollar prompts foreign buyers to home in on US property
Friday, 15 June 2012 21:30

Wave of investors from Europe, Asia, Canada and Latin America spend £53bn on real estate as prices tumble

A weak dollar and the tumbling house prices that resulted in foreclosures across America have attracted a wave of buyers from Europe, Asia, Canada and Latin America.

International buyers accounted for $82.5bn (£52.7bn) of homes sold in the US in ...

 
The conversation: Grayson Perry and Suzanne Moore on taste and class
Friday, 15 June 2012 20:00

What can you really tell about someone from the way they dress or decorate? Grayson Perry and Suzanne Moore debate the relationship between taste and class, with Susanna Rustin

Artist Grayson Perry's new TV series on taste is getting rave reviews. Columnist Suzanne Moore has the same working-class roots. But are our shoes, kitchens and wallpaper...

 
Dinner party talk of Olympics house price hotspot is just idle chatter
Friday, 15 June 2012 19:22

Buy or rent, data shows E15 is still the poor relation across the Lea Valley

If you work for Newham council's housing department, you might expect your correspondence to avoid the attentions of the media.

But when Frank MacCool, the borough's housing supply manager, sent a letter to the chief executive of the Brighter Futures housing association in...

 
Interest in Bulgarian property 'at an all-time high'
Friday, 15 June 2012 01:00
The level of interest in real estate investment in Bulgaria is reaching the highest level ever experienced in the country.

So says Gemma Tippler, manager at Bulgarian Property Experts, who noted "very encouraging sales records" have been posted so far in 2012, while the cost of buying an abode is still very low.

Last month,Global...
 
Merkel: Spanish crisis 'caused by property bubble'
Friday, 15 June 2012 01:00
The rising price of real estate in Spain over the past decade has been a key cause of the country's financial crisis, German chancellor Angela Merkel has stated.

She highlighted "the Spanish property bubble of the last ten years" as a trigger, rather than macroeconomic factors and reforms.

The cost of residential real estate in Spain is...
 
US property 'attracting more overseas buyers'
Friday, 15 June 2012 01:00
Overseas buyers are attracted to property in the US thanks to low prices and the weak dollar, with the majority of investors focusing their attention on four key states.

This is according to the 2012 Profile of International Home Buying Activity from the National Association of Realtors (NAR), which revealed total sales of residential US property...
 
The economics of bank robbery: More swagger than swag
Thursday, 14 June 2012 16:06
Not enjoying himself

WHEN asked why he robbed banks, Willie Sutton, a prolific bank robber (pictured, after he retired), is said to have replied: “Because that’s where the money is.” Sutton reportedly pinched $2m during a lifetime of crime, but most robbers don’t do nearly as well. In Britain the average haul from a successful robbery is £20,330 ($3...

 
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