http://www.24hourproperty.co.uk Property news and information from the UK, Europe and overseas covering all types of properties, from houses to apartments to villas, investment and commercial. Mortgage advice and faqs combined with tips for buying and selling your property EN-GB PHP/4.3.11 http://www.24hourproperty.co.uk/propertynews/Investment_Property-187.shtml LONDON - Chancellor Gordon Brown has announced that he will move legislation to allow Real Estate Investment Trusts (REITs) next year. Property firms were vocal in demanding that Brown follow the example of other countries where the scheme is a big success and Brown finally gave his nod on Monday. Tue, 06 Dec 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-187.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-186.shtml LONDON - Chancellor Gordon Brown produced a surprising U-turn on the SIPPs provisions by scrapping them altogether claiming that there was plenty of scope for misuse of the same. This means that pensioners can no longer put second or holiday homes, wines and other valuable assets on their self-invested pension plans Tue, 06 Dec 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-186.shtml http://www.24hourproperty.co.uk/propertynews/Mortgage_Tips~Faqs-185.shtml LONDON - In an effort to help first-time buyers get on to the housing ladder, Chancellor Gordon Brown has unveiled a novel shared-equity scheme that involves the lender, the buyer and the Government. Mon, 05 Dec 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Mortgage_Tips~Faqs-185.shtml http://www.24hourproperty.co.uk/propertynews/Houses-184.shtml LONDON - The UK’s biggest mortgage lender Halifax has said in its latest house price survey report that the house price inflation rose to 4.5 percent in the three months ending November. This represents the biggest rise over the last six months and is further evidence that the housing market has begun to wake up from its slumber. Sat, 03 Dec 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Houses-184.shtml http://www.24hourproperty.co.uk/propertynews/Overseas_Property-183.shtml The interest shown by Bulgaria in hosting the Winter Olympics in 2014 has spurred fresh interest in the property market in that country. Bulgarian Property Developments (BDP) has also thrown its hat in the ring and has indicated that it will attempt to make £40 million on the London Stock Exchange. Sat, 03 Dec 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Overseas_Property-183.shtml http://www.24hourproperty.co.uk/propertynews/Buying_Tips~Faqs-182.shtml The University of Ulster Quarterly House Price Index has revealed that Northern Ireland has become the property hotspot of the year with house prices registering a record 20 percent increase over the past year. Fri, 02 Dec 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Buying_Tips~Faqs-182.shtml http://www.24hourproperty.co.uk/propertynews/Houses-181.shtml LONDON - UK house prices remained flat in November, according to the latest figures form the Nationwide building society. This means that the annual inflation for the month was down to 2.4 percent from the 3.3 percent recorded in October. Thu, 01 Dec 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Houses-181.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-180.shtml Many house owners are now more reluctant to sell their properties than before. They are viewing their properties as a long-term pension investment, and therefore want to rent them. This is a consequence of UK’s pensions’ crisis, according to the Royal Institution of Chartered Surveyors (Rics). Tue, 29 Nov 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-180.shtml http://www.24hourproperty.co.uk/propertynews/Buying_Tips~Faqs-179.shtml LONDON - House prices continued to show resilience in the month of November even though they have remained largely unchanged since the last month, property website Hometrack said in its latest monthly report. Mon, 28 Nov 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Buying_Tips~Faqs-179.shtml http://www.24hourproperty.co.uk/propertynews/Mortgage_Tips~Faqs-178.shtml LONDON - Mortgage lending activity increased by 23 percent in October, according to the latest figures released by the British Bankers Association yesterday. This report lends further credence to the fact that the UK housing market appears to be on the road to recovery after languishing at the bottom for most of the year. Sun, 27 Nov 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Mortgage_Tips~Faqs-178.shtml