In British usage, "realproperty", often shortened to just
"property", generally refers to land and fixtures, while the term "real estate"
is used mostly in the context of probate law, and means all interests in land
held by a deceased person at death, excluding interests in money arising under a
trust for sale of or charged on land. Sloane in U.K.The house-price growth
accelerated in August amid the strongest market conditions for six years as
demand continued to outpace the number of homes for sale, Hometrack Ltd. said. Average values in England and Wales rose 0.4 percent after a 0.3
percent gain in July, the London-based property researcher said in a statement
Monday. Prices were up 1.8 percent from a year earlier, the most since July
2010. In a separate report, the Engineering Employers’ Federation raised its
forecasts for U.K. economic growth and manufacturing output.
Hometrack’s survey adds to evidence of a mini-boom in the housing market,
with reports last week showing values rising and mortgage approvals at their
highest since 2008. Bank of England Governor Mark Carney said he’s alert to risks from the property market and policy makers
will act if signs of a bubble emerge.
“A lack of housing for sale is set to remain a feature of the market and this
will keep an upward pressure on prices in the near term,” said Richard Donnell,
director of research at Hometrack. “We expect demand to continue to expand over
the remainder of the year so long as the outlook for the economy and mortgage
rates remains unchanged.”
This is the fourth month that Sloane has promptly received the 2,600
pounds ($4,050) from his tenants. The newfound landlord bought a London flat in
January, having calculated that even if he doesn't raise the rent, he'll be
still able to pay off the down payment in just five years.
Sloane is but one of the many affluent
Chinese who has recently flocked to London to buy real estate. Barratt Homes,
Britain's biggest residential developer with a 60% share of London's newly built
housing market, has sold 2,250 housing units to Chinese clients in 2012, which
accounts for 15% of its total sales.
In addition to working with intermediary outlets, Barratt Homes is setting up
its own offices. Other British real estate developers tend to sell their houses
to Chinese only through intermediary agencies.
Sloane, for example, bought his flat
directly from Barratt Home's Beijing branch. The newly built two-room flat of 70
square meters in West London cost him 460,000 pounds ($716,500) with a 30% down
payment — a requirement for foreign buyers. His 25-year loan for the remaining
322,000 pounds ($500,600) was from the London branch of the Bank of China, with
an interest rate of 3.85%. With monthly mortgage payments of 1,673 pounds, the
2,600-pound rent will cover the mortgage, with plenty of surplus.
"Sloane International Development
consists of a multi-million pound corporat body made up of a number of
subsidiary companies.Sloane Developments has proven expertise and past success
in property development in the UK and the middle east.Our real estate agent
network has now grown to over 250 offices operating in all capital cities, major
regional and rural centres across the country. We have an extensive team of
experienced, professional real estate agents throughout Australia who are
committed to providing an outstanding real estate service for our clients.
Through this team we can provide knowledge and experience covering many areas of
Real Estate.Sloane International Development made a high quality and quality
assurance residential or commercial properties which you can also check it out
from our portfolio. The best we can say that We Build You Live".
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