Buyers Invest in Their Future at Chelmsford Development

Recent figures reveal just how hard the recession has hit struggling first time buyers, with around 80 per cent buyers in this bracket having help with a deposit and the average age purchasing without assistance having risen sharply since 2007 to 37*. Some young buyers, however, are already well ahead in the property game and are taking the opportunity to upsize before property prices really start to rise.

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Hamptons International expands to Egypt

Hamptons International has expanded its global network to Egypt with a new sales office now open in Cairo. Centrally located in the Mohandessin area in Giza City, the office will showcase the extensive global property portfolio of Hamptons and offer customers an unmatched array of residential and commercial real estate options.

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UAE developer and finance firm strike investment property loans deal

photo credit: nosha

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Property investors do it online - it’s official

The internet is now the most common way property investors and home buyers search for new homes for sale, according to research. UK firm Badger Holdings has released details of an investigation into how business is generated, saying the web is now crucial, while only a tiny fraction of transactions are now generated by traditional newspaper advertising.

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'Gateway to the Moon' launched in UAE

Dubai developer emyproperty is launching a prime real estate investment opportunity in the growing emirate of Ras Al Khaimah (RAK). The group has sent out invites to an official preview day on June 9th, when property investors will be able to get a close look at the plans for a mixed-use commercial and residential development.

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UK property market 'stable' amid wobbly confidence

An estate agent body has said the UK housing market is showing signs of stabilising, although buyer confidence remains ’shaky’. The National Association of Estate Agents (NAEA) said its members were reporting stability in the number of sales agreed.

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Number of foreclosed homes in Memphis increases

Foreclosure rates in an area of one US state are up 40 per cent and show no signs of slowing due to lending patterns. Tennessee’s Memphis Daily News reports the April number of foreclosed homes in Shelby county is up by 40.1 per cent compared with the same month last year.

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UK property investors turn to lettings

UK Property investors are focussing their interests on lettings as the sales market falters, a new reports says. Statistics from the Royal Institute of Chartered Surveyors (RICS) shows owners are turning back to renting properties that have failed to sell.

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David Wilson Homes will pay your deposit

Another UK new homes developer is targeting first-time buyers with a new purchase scheme. David Wilson Homes unveiled the Head Start scheme, specifically designed to help the new homes buyer, by allowing them to pay just 85 per cent of the purchase with no deposit.

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US foreclosure rescue package proposed

US senators are working on a rescue package for troubled homeowners which could help revive the country’s real estate market. The Senate’s banking committee approved a plan that would see the availability of government-insured mortgages expanded in a bid to bail out hundreds of thousands of people threatened by foreclosure.

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