'The speed of the drop in property values is unprecedented for this country, but when the market starts to pick up, the huge advantage that buyers currently have will be lost,' says James Greenwood, of Stacks Property Search & Acquisition.
He points buyers in search of a great deal towards new developments.
'With most developers in [...]
The number of Britons buying properties across the Channel has slumped by up to 50% this year, French agents reported.
Even areas such as Dordogne and Brittany, traditionally overrun with Britons, are failing to attract buyers.
Official statistics show that Britons hold 29% of the 260,000 foreign-owned secondary residences in France, ahead of Italians with 14%, [...]
In the last two weeks, sellers have finally faced up to the 'new reality' of the depressed London market after months of denial, figures reveal today.
They show that hundreds of asking prices have been dramatically cut in the past fortnight with reductions in the two most expensive boroughs averaging more than £100,000.
- Blog: The [...]
Jean-Paul Cuesta-Vayon, 42, who runs the Vinyl Junkies shop in Soho, central London, says: 'You can't beat records - they are not just more tactile with far better art work than CDs, they also boast far superior sound quality.
When CDs and then MP3 music formats came along they offered more convenience and seemed an [...]
The astonishing revelation came after Financial Mail on Sunday reported last week that British Gas was massively increasing monthly direct debit payments, even for householders whose accounts are in credit.
Since then, nearly 1,000 angry energy customers have contacted this newspaper to complain about the practice. Now, The Mail on Sunday has established that five [...]
Banks encourage reckless borrowing
In London on Wednesday, September 17, a bank deal was being thrashed out. But it wasn't Lloyds TSB's rescue of doomed rival HBOS, in which the Prime Minister was involved, as the combined bank would have to borrow billions from the taxpayer.
No, this was in Lloyds' Kilburn branch, north-west London, where [...]
Sellers have finally begun to drop their prices as they come to grips with the property downturn, leading to a slight increase in sales.
Estate agents have seen house sales fall to historic lows as the mortgage market contracted rapidly, but many have reported sellers unwilling to drop asking prices.
However, a new report from the [...]
I know what I paid for it 18 months ago, but how do I find out its valuation in today's market?
As you are aware, the bigger the deposit the better the mortgage deal you can get. D.M., Glasgow
Simon Moon from This is Money replies: The best way to find out what your home [...]
Almost two in five of jobs lost will be in the two regions (see map right and below) which have been the engine room of the British economy over the past decade, according to Town Hall chiefs.
But the renaissance of Northern cities such as Liverpool and Manchester, devastated during the industrial decline [...]
Christmas can prove a stretch on the finances at the best of times. But in a year when household bills have rocketed, credit is less easy to come by and many workers fear redundancy, finding the cash may be doubly hard.
Households are aiming to spend £300m less this Christmas than last year, according to [...]
© 2008 Daily Financial News