Blog 3: House prices in central London on the rise
The property market is back, the prices have risen by 8 per cent in the six months to September 2009.
A year ago London was suffering on the price crashes in the financial sector. Today London prices are only 1,9 per cent lower than this time last year. This week Knight Frank said it expected London prices to grow by 3 per cent in 2010 while the national average would fall 3 per cent. They said by 2014 that the prices will be 28,6 per cent higher and the national gain 21,5 per cent higher.
But London has a problem, it suffers with an imbalance between supply and demand. Last month the number of buyers in Central London was 30 per cent higher and supply was 20 per cent lower than in September last year.
After the Lehman Brothers collapse the demand was high and properties prices over £10 million dropped almost 20 per cent in the last three months of 2008. By spring had the property of London a very good value, it was attractive for international buyers.
For example, a penthouse flat, very luxuriously decorated and had the best view from the roof terrace. Now the buyer is a European banker and earlier this year it would have been an older buyer who bought it for his children because they were the only persons who had any money. Now everything is changing again.
I think it’s good for everyone that the property market is back on track. Now have younger couples the opportunity to buy a house or an apartment. Before the financial crises only an older couple could buy a penthouse in the city for their children, the people who earned a lot of money could buy everything. Thanks to the rise of the properties and the lower prices is the property market available for everybody in London.
Written by Sofie Lanckriet
3 LP3
Source: http://property.timesonline.co.uk/tol/life_and_style/property/article6875993.ece
woensdag 11 november 2009
maandag 9 november 2009
Blog 3: SA farmers to rent land in Congo
The Republic of Congo and South Africa has signed an agreement about the lease of 200.000 hectares of land. According to the minister of agriculture in Congo this agreement is very positive for the country and it will reduce the dependence of the country on imports. The deal was signed by the South African farmers union who declared that the government’s policy was forcing white farmers to search some land abroad. The government wants to transfer some farms with white owners to the black majority population.
The land will be leased to the South African farmers for 30 years mainly to produce food and fibre. The minister of agriculture in Congo declared that it is abnormal that despite the big import, people of Congo stay food insecure. That is the reason why the government is trying to mobilise Congolese people to work in agriculture but they need international help for realising that.
According to a BBC journalist leasing a land for farming is a growing phenomenon in Africa but this agreement between Congo and South Africa is the biggest.
It is a well-known fact that the Republic of Congo is very dependent on other countries so this agreement is a step in the right direction. I hope that this agreement will have a positive effect on both countries. According to me other countries should follow the example of Congo and South Africa because it should give the possibility to other countries to reduce their import.
Navaron Walraeve
Source: http://news.bbc.co.uk/2/hi/africa/8317186.stm
The land will be leased to the South African farmers for 30 years mainly to produce food and fibre. The minister of agriculture in Congo declared that it is abnormal that despite the big import, people of Congo stay food insecure. That is the reason why the government is trying to mobilise Congolese people to work in agriculture but they need international help for realising that.
According to a BBC journalist leasing a land for farming is a growing phenomenon in Africa but this agreement between Congo and South Africa is the biggest.
It is a well-known fact that the Republic of Congo is very dependent on other countries so this agreement is a step in the right direction. I hope that this agreement will have a positive effect on both countries. According to me other countries should follow the example of Congo and South Africa because it should give the possibility to other countries to reduce their import.
Navaron Walraeve
Source: http://news.bbc.co.uk/2/hi/africa/8317186.stm
maandag 2 november 2009
Blog 3: Real property law
Property fraudster target students and tourists in London letting scam.
The Police have received hundreds of complaints about fake online advertisements for flats. There are some online fraudsters who are trying to rend property to students and foreign holidaymakers that does not exist.
This fake renting seems to elaborate by the offering off the houses in prime areas below the market rents and asking for deposits or full payments in advance. When they find out that the property does not exist, they can’t refund their money.
A lot of classified websites are investigating advertisements that arise suspicion and check a proportion of their advertisers. Although, it is impossible to them to check every property promoted on their sites. Most of the fraudsters do their homework on the rents so the websites are seeming very reliable.
At least they advice in the article to avoid money transfer organisations such as Western Union who are frequently used by the internet fraudsters, drug dealers or money launderers to move money around the world because there is a relative absence of safeguards, they are not requiring a address verification for the transfer of smaller amounts.
Personally I think this is awful that this happens to all this peoples, especially to the people who are on vacation and notice that the address does not exist. It’s a pity that there is no obvious solution for this problem.
Source: http://www.guardian.co.uk/money/2009/sep/27/property-fraudsters-students-tourists
Written by Magalie Van Belleghem, 3RP1
The Police have received hundreds of complaints about fake online advertisements for flats. There are some online fraudsters who are trying to rend property to students and foreign holidaymakers that does not exist.
This fake renting seems to elaborate by the offering off the houses in prime areas below the market rents and asking for deposits or full payments in advance. When they find out that the property does not exist, they can’t refund their money.
A lot of classified websites are investigating advertisements that arise suspicion and check a proportion of their advertisers. Although, it is impossible to them to check every property promoted on their sites. Most of the fraudsters do their homework on the rents so the websites are seeming very reliable.
At least they advice in the article to avoid money transfer organisations such as Western Union who are frequently used by the internet fraudsters, drug dealers or money launderers to move money around the world because there is a relative absence of safeguards, they are not requiring a address verification for the transfer of smaller amounts.
Personally I think this is awful that this happens to all this peoples, especially to the people who are on vacation and notice that the address does not exist. It’s a pity that there is no obvious solution for this problem.
Source: http://www.guardian.co.uk/money/2009/sep/27/property-fraudsters-students-tourists
Written by Magalie Van Belleghem, 3RP1
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