Time is money: An animated infographic showing the top three economies throughout history

This is a really interesting 1 minute video about the top economies throughout history. Chinas economy now ranks as the world’s biggest in purchasing-power-parity terms. But it is merely regaining a title that it has held for much of recorded history, as our video shows. The brief interlude in which America overshadowed it is now over. Source - The Economist
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Deflation is coming to the UK

The UK is getting very close to outright deflation, alongside much of Europe. With the oil price still hitting fresh lows on a daily basis and the supermarkets engaged in a vicious price war, it is likely to keep falling for several months yet. Whether it actually dips below zero remains to be seen.
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A Picture of UK Debt: How to Keep Yourself Out of the Red

Although the recession is over, it’s clear to see that individuals (as well as businesses) across the UK are finding it challenging to keep their heads above the water, financially speaking. As the years go by, it seems as though there are more and more companies touting financial products that are aimed primarily at getting us further and further into debt, and this is having a real impact on how we treat money.
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Gross mortgage lending steady in September says CML

There is growing evidence that mortgage lending activity, and the housing market, are sitting on a plateau.
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Property Prices in the UK Accelerated in August

The UK’s property market has been on a bull run for the last few years. It has transformed from a doldrum of economic ruin to an engine of the UK’s economy.
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Construction PMI continues to shows expansion

The construction PMI update today showed that house building activity has grown for a 15th straight month.
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House prices have increased by 11%

The Nationwide reports that house prices have increased by 11% during the past year, raising the average house price to £180,000. This significant increase is due to:
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Good news - inflation falls for the third month

There was some good news this week from the Office of National Statistics (ONS); CPI (Consumer Price Index) inflation, or to put it another way the price of a lot of the things we buy, has fallen for the third month in a row.
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Little impact for Landlords from 2014 Budget

George Osbornes 2014 Budget was announced today announced by the BBC as having "Tax changes to boost pensioners and savers". Mr Osborne said his statement would be “a Budget for building a resilient economy”. However how much of this will impact, either positively or negatively, for landlords and property professionals? Key Housing market points: Housing market is under scrutiny to avoid a bubble. House building is up 23%. Finance being offered to smaller house building firms - £500M fund being opened to small developers. Finance being made available for people to build their own homes. Regeneration of run down council estates. Extending Help to Buy until 2020. New homes to be built in the South East including 15,000 new homes in Ebbsfleet. Stamp duty thresholds not mentioned Stamp duty on homes worth more £500,000 to rise to 15% for those bought by companies, as part of tax avoidance measures Buying...
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Knight Franks reaction to the Autumn Statement

  Capital Gain Tax – the current exemption from CGT for non-UK resident owners of residential properties will be removed. Liam Bailey, Head of Knight Frank Global Research, comments… Tax is not the primary driver for the majority of international buyers of residential property in London. We anticipate that the removal of the CGT exemption for non-resident purchasers will have only a marginal impact on demand and pricing. It is important to note that the change to CGT rules brings the UK in line with other key investor markets, such as New York and Paris where equivalent taxes can approach 35% - 50% depending on the owner’s residency status. As we noted in our recent report on International Buyers in London, while non-resident purchasers account for 28% of central London property purchases, their share of the wider Greater London market is far smaller at around 12% of all new-build property...
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The Autumn Statement

We have been waiting with interest to see what George Osborne was going to say in his Autumn Statement today. Opening remarks The Chancellor says Britains economic plan is working but the job is not done, we need to secure the economy for the long terms and the biggest risk to that comes from those that would abandon the plan. He says We need a plan where we dont pretend we can make things better by writing cheques to ourselves. Forecasts show the growth is up, but growth in productivity is still too low, business taxes are still too high and exports are still too low.
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UK House prices up and nearing the all time highs

The Nationwide House Price Index for November 2013 was released today, showing a continued increase in UK house prices. The average mortagge rates being provided, for a 2 year fixed period, are also declining with both 90% LTV and 75% LTV mortgage rates the lowest for some considerable time.
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Why not become a property educator yourself?

In a post-credit crunch, post-recession world, property has fallen out of favour for many people and they have forgotten what a great investment it can be. Seize this opportunity to educate them about how things are now, and how they can capitalise on that. It might be that up until now, you’ve only thought about investing in property, but there is a great deal of money to be made in educating others in how to do that. With an increase in house prices of 6% to June this year (Halifax) and a predicted recovery in the economy over the next two years (PriceWaterhouseCoopers) now is the time to start educating people in how they can make money in the property niche. If you are not already speaking about property, what’s stopping you? If you already use speaking as part of your marketing mix, are you seeing good conversions from it?...
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Steady rise in house prices seen by Halifax

Halifax yesterday announced its July 2103 House Price Index and sees a steady rise in house prices continuing.
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Building a home from scratch: where to start

For many people, the fulfilment of a dream is when the day arrives that they can finally afford a home of their own. Most people opt for an existing home, but building a home from scratch holds many benefits and should be given serious consideration. Firstly, it could work out significantly cheaper to build a home instead of buying an existing property. This would depend on the extent to which the owner wants to be involved in the building process. An owner-builder can realise large cost savings compared to someone who employs a building contractor to oversee the whole process. Secondly, building a home from scratch means that the home can be designed precisely according to the personal taste of the owners. No longer will there be problems such as the house having too few bedrooms or a lounge that is too small. All aspects are under the owner’s control...
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A guide to home insurance

    With the economy in turmoil, it’s wise to protect your belongings in any way you can. This might mean taking out home insurance with a well-known company – so let’s find out more.   What is home insurance? Home insurance – also known as hazard insurance or homeowner’s insurance (HOI) – is a type of property insurance. It covers private homes and can safeguard your investment from a wide range of problems and incidents including damage, theft and loss of contents. There are many different policies available, but at least one of the people named on the contract has to live at the property. What does building insurance cover? Buildings insurance can protect your abode from factors that are completely out of your control such as fires, floods, burst pipes or third-party vandalism. It will put your mind at ease if an emergency occurs and will give you the financial support...
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Two new professional conferences launch for property developers and landlords

For the first time, The National Homebuilding & Renovating Show (NEC, Birmingham 21-24 March 2013) is introducing two separate professional conferences at the show - one developed specifically for UK property developers and the second targeting landlords. Both conferences will provide expert insight into the issues and challenges the industry will face in 2013 and beyond.
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CML More Positive about housing market

The Council of Mortage Lenders (CML) this week announced its Gross Lending figures and have the gross lending in December as £11.7 billion.
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Ex-dragon targets property sector growth

-PROPERTY AND CONSTRUCTION PROFESSIONAL BILL PHELPS JOINS JAMES CAAN TO HELP STIMULATE GROWTH IN THE SECTOR -PROPERTY PROFESSIONAL AND SERIAL ENTREPRENEUR TEAM TARGET SMEs AS THE FUTURE  OF ECONOMIC GROWTH Chartered surveyor, successful property manager, reputable construction consultant, and now partner to James Caan. Bill Phelps joins Hamilton Bradshaw Venture Partners, James Caan’s advisory and consultancy agency—assisting business owners in rapidly growing and realising the value of their companies. The firm acknowledges Bill’s expertise in property and construction and will support him as he advises SMEs in these sectors. The sector clearly needs it, as the Office of National Statistics  recently reported shockingly little growth in property— with the Home Price Index increasing by a mere 1.4 per cent over the period in the 12 months to April 2012. Even more worrying for businesses in the industry: “the total volume of construction output in April 2012 is estimated to have...
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Mortgage Lending see a massive 5% fall

The Council of Mortgage Lenders (CML) has seen a large fall in the gross mortgage lending data for June, down 5% to £11.9 billion.
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