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The cost of maintenance of residential property in the UK
UK Real estate market May 17, 2016The cost of real estate in the UK depends on the multiplicity of factors. Of course, the proximity to transportation, cultural and large infrastructure hubs, as well as the prestigiousness of the district play an essential role. However, there are more aspects you should take into account and the form of ownership is one of them. (more…)
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Acquiring real estate in London: the types & numbers
UK Real estate market May 9, 2016In the UK, a Victorian house is any house built during the time of Queen Victoria's reign in any style of Victorian architecture. All these houses, standing out with slate roofs and protruding windows, Victorian houses make up about 70% of residential real estate in London. Municipal homes represent a form of public housing in the UK. Municipal residential houses were built and managed by local authorities to provide housing for the local population. In 2005, approximately 20% of such housing is owned by local authorities and housing associations. Construction of municipal residential buildings has decreased dramatically with the arrival of the Conservatives who spoke in support of homeownership. Importantly, council houses built in the 20-40-ies of XX century are quite suitable for comfortable living, especially if you are considering economy class options, while the houses of a later period are oftentimes smaller and less convenient. Municipal houses account for 20% of London's residential property. (more…)
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Can Foreigners Buy Property In The UK?
Investment Info April 28, 2016Thousands of non-UK residents purchase property in London, England and Scotland - the UK legislation does not put any restrictions on foreign ownership of real estate. Moreover, foreign buyers can count on a mortgage loan to purchase real estate with a very attractive interest rate and have a number of tax advantages to their names almost equally to the ones British and local tax residents have. (more…)
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Understanding the nature of real estate investment flows: CIS countries
Investment Info April 18, 2016Over the past 15-years old there is a trend of significant investments in real estate of Great Britain capital from CIS investors. Since the 90s investors from Russia and CIS took the 5th place among the total mass of real estate buyers in London. So why real estate prices in London attract such interest among CIS residents? What are the payback prospects and what projections are expected in real estate market in the coming years? (more…)
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Student property for sale: what you should know about the UK market
UK Real estate market April 9, 2016Of course, the largest selection of student property is concentrated in London. There are 18 special complexes - Purpose Built Student Housing - cottage settlements providing such infrastructure. They are scattered throughout the city, and new construction is concentrated in the 1st and 2nd zones. (more…)