http://www.24hourproperty.co.uk News and information to consider whether buying or selling investment property. Tips and advice on all types of investment opportunities including off plan options. Faqs answered to assist in choosing the right investment for you EN-GB PHP/5.2.6 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/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/Investment_Property-175.shtml LONDON- Housebuilder Crest Nicholson PLC has announced that the trading for the current year was in line with expectations and that it was confident of the housing market remaining the same for the next year as well. Wed, 23 Nov 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-175.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-167.shtml Private investors are now treading cautiously on the stock market. In fact, fewer people are now planning to invest freshly in equity. The news is not dissimilar on the property front too, as investors confidence levels are low about returns from property through house prices even as house prices seem to be stabilising. Fri, 18 Nov 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-167.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-160.shtml GOTHENBURG, SWEDEN - Project Entropia, the rapidly growing online game with a massive following today said that a 23-year-old gamer known by the screen name of Deathifier who had invested £13,700 in an island has recouped his entire investment in just under a years time. Fri, 11 Nov 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-160.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-152.shtml House prices remained unchanged in October, according to Halifax. The survey by the countrys largest mortgage lender, however, said the annual rate of increase in the prices got to a five-month high at 3.9 per cent from 3 per cent a month ago. This is an indication of the stability that has come to the property market, the agency said. Fri, 04 Nov 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-152.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-151.shtml LONDON - The third largest property portal in Britain, Propertyfinder.com, was today acquired by Rupert Murdochs newspaper group News Corp for £14.3 million ($25.3 million). Fri, 04 Nov 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-151.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-143.shtml LONDON - Buy to let properties continued to be in great demand in the third quarter of the year with landlords displaying more confidence as the demand for rental property surged ahead, according to the latest buy-to-let Confidence Survey from Mortgage Express. Sat, 29 Oct 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-143.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-140.shtml LONDON - The Royal Institution of Chartered Surveyors (Rics) says that the introduction of new rules in self-invested personal pensions (SIPPs) from April next will spark a boom in the property market with sales of UK homes jumping by 3.5 percent over the next three years. Thu, 27 Oct 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-140.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-134.shtml The housing report released by the Bank of Scotland shows that a town that has been labeled dismal has jumped atop the property stakes and is one of the hottest properties of the year. Sun, 23 Oct 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-134.shtml http://www.24hourproperty.co.uk/propertynews/Investment_Property-133.shtml LONDON - Buy to let investors are slowly but surely starting to pick up in the housing market as first time buyers are looking towards empty homes to fulfill their housing needs. Sat, 22 Oct 2005 10:00:00 GMT http://www.24hourproperty.co.uk/propertynews/Investment_Property-133.shtml