Тверская Москва квартиры

Property in the area of Tverskaya Moscow has risen 3% in the last 4 months, making this one of the fastest places of growth in Europe. Not only that, but in Moscow in general property prices have risen 2.3% on average across Moscow since the beginning of the year. Speculation as to how high the price of property in Moscow will go has been something of great debate among some of the economic minds of today. We at Propertyslot have had our eyes firmly glued to central Europe over the last 18 months that we can conclusively state that Moscows property boom is in full swing and well ahead of those stable rises seen across the UK and western Europe. Tverskaya Moscow

Is Aeroport becoming the destination?

Aeroport is one of Moscow's most popular areas. It is also fast becoming the place where young professionals are flocking to to rent. This is down to the cheap rental costs and the close proximity to the city centre (13 mins on the Metro). Search for an apartment in Aeroport.

Smolenskaya fever

Upon a recent trip business trip to Moscow, it was made abundantly clear that Smolenskaya is the place to be seen and heard. The hugely wide roads lined with exotic cars the price of real estate here was most definitely going to be through the roof; Even by comparison to the rest of Moscow, which is now one of the most expensive cities in the world to live.

After enquiring as to the price of some of these apartments and told of the waiting list some of these premises  have, a 2 bedroom apartment in this area can easily be sold for anything in the region of $1,000,000 USD.

With prices like these it is sure to keep the rich amongst the rich - which explains why each of these £100,000+ cars parked outside, had its own guard. Bizarre yes, necessary maybe.



The only conclusions we can draw from this is that the price of real estate in the Smolenskaya area of Moscow seems only destine to rise further.

North by North

In recent months North London and more specifically Alexandra Palace and the Wood Green area have seen a rise in the number of people moving to the area. This has been as a result of lower house prices and a regeneration in the area. Stathi Efstathiou of Property Professionals in Wood green have told us "The recent surge in property demand in the area is directly correlated to the lower houses prices in the area as opposed to the surrounding areas and the regeneration in the area, such as road improvment works on the North Circular Road (A406). This will inevitably allow easier and more fluid traffic around the area and allow for people to commute" 

This is something that will without doubt cause the house prices to rise in the future, but for now; it seems that North London is proving popular ground for the professional Londoner.

Sunnier times ahead for Limassol

With the current economic climate as it is around Europe it's hard to believe that any tourist destination could be surviving let alone thriving. "Air fairs have gone up almost 15%" says Diane Forgacz head of internet based travel company medresorts.net "With tough times ahead for countries relying on the tourism industry expect a slump in travel, with higher air fairs as airlines struggle to cope with rising fuel prices and less demand" 

With outlooks like that it seems almost dier that Cyprus could be experiencing a pick up in property developments which of course are directly linked to the housing market picking back up. This has been seen as a result of land and property being so cheap that foreign investors are snapping up the prime real estate and looking to hold on to it until the prices start to rise. 

Good news for buyers in a sense, prices are low and with 11 months of sunshine a year it seems a case of "why not!"

Negative equity mortgages offered by Lloyds

The Lloyds Banking Group has become the single latest lender of finance to offer negative equity mortgage loans to help existing borrowers stuck in negative equity homes

The deal is targeted at homeowners who need to move house but are unable to do so because of low or negative equity. Negative equity mortgages allow people to move house even if they owe more than their current home is worth.

Lloyds’ scheme allows existing customers who are in negative equity of up to 120% loan-to-value to move to a property of the same value, buy a bigger home or downsize.

However, it does not permit any additional borrowing to be taken out. Borrowers looking to purchase a more expensive property will have to use their own funds.

A similar scheme was set up in 2009 by Nationwide building society. Schemes like these are increasing in popularity, with more and more people finding themselves in negative equity homes. Many banks and building societies already offer negative equity loans to existing customers, but only on a case-by-case basis and they are often reluctant to publicise the deals.

Lloyds’ scheme allows its existing customers who have a portable mortgage to keep their current rate, making this an extremely attractive offer for those currently on a low rate. However, customers on the bank’s cheap standard variable rate of 2.5% which is not portable, will have to switch to one of the bank’s current mortgage deals at a higher cost; this includes a two-year fixed-rate mortgage at 4.79% with a £999 fee, or a three-year fixed-rate at 5.69% with no fee.

The deal is currently only available direct from Lloyds.

Facebook to go public in 2011

Word in the city is that Facebook are planning to go public in 2011. With the estimated value of FB currently valued at $32b we currently value the 2 year yield at a 130% growth. Based on the current valuation, prices are almost guaranteed to double by 2012 and increase further from there. 3 of the big 5 banks in the UK are currently planning to invest on opening day and hold for 13 months. This stock WILL be the hottest stock of 2011 IF they go public this year, rumors are estimated for end of Q2 to beginning of Q4.

Top 10 Hot stocks 2011

1. China Tel Group Inc. (CHTL.OB)
2. CrowdGather, Inc. (CRWG.OB)
3. Lithium Corporation (LTUM.OB)
4. Pepper Rock Resources Corp. (PEPR.OB)
5. JayHawk Energy, Inc. (JYHW.OB)
6. Bonanza Oil & Gas, Inc. (BGOI.OB)
7. International Stem Cell Corporation (ISCO.OB)
8. BLOGGERWAVE INC (BLGW.OB)
9. Drinks Americas Holdings, Ltd. (DKAM.OB)
10. Quasar Aerospace Industries, Inc. (QASP.PK)

Biggest U.S homebuilders gain market share

The biggest U.S. homebuilders are poised to benefit from a fledgling rebound in demand for new houses this year. With most going out of business during the recession, steep rises are forecast for the near future.

D.R. Horton Inc., Toll Brothers Inc. and Lennar Corp are among companies planning to boost their community counts by at least 10 percent this year after writing down property values, buying land at discounted prices and obtaining financing unavailable to smaller builders.

“It’s a definite bull tenet for the big builders,” said Ivy Zelman, chief executive officer of Cleveland-based advisory firm Zelman & Associates, who rated all homebuilders “sell” in December 2006 and now has “buy” on five of the 13 she covers. “That’s one of the reasons we’re recommending investors be long a handful of homebuilding stocks.”

The National Association of Home Builders expects new single-family home sales to rise to 405,000 this year, while Moody’s Analytics Inc. projects an increase to 540,000. The annual pace of sales averaged 319,640 for the 11 months through November, down 15 percent from a year earlier, according to Commerce Department data.

Demand for new homes has tumbled as lenders seize almost 100,000 houses a month through foreclosures, consumer confidence remains weak and U.S. unemployment lingers above 9 percent. Sales of new single-family properties totaled 375,000 units in 2009, the previous low in Census records dating to 1963. In 2005, builders sold a record 1.28 million single-family homes.

Redesign

Propertyslot is undergoing a redesign as of September 2010 and will be up and running live as of enf of November 2010.

‘Fatal flaw’ in new rule

New rules for all mortgage lending are “fatally flawed” and will cause banks and building societies to lend even less than they do now, the Council of Mortgage Lenders (CML) has warned.

The trade body said the proposed legislation for the mortgage market by the Financial Services Authority (FSA) would lead to a fall in the number of mortgages approved and create a swathe of “mortgage prisoners” – borrowers who become unable to remortgage or move home.

“We do not want to sleepwalk into a housing finance market which is sustainable but meets almost nobody’s aspirations because it In a speech this week, Michael Coogan, director general of the CML, urged the FSA to re-evaluate its proposals.

is so risk-averse,” said Coogan.

He also said that lenders might not lend more even as the economy improves.

“Net lending is less
than £10bn compared
to over £100bn in 2007. The risk of negative net lending is real as we
enter 2011 because of funding issues, but if the unspoken aim is to shrink mortgage debt, then this could become the norm,” he said.

Coogan added that even the FSA’s own impact assessment of its mortgage market review showed that the rules, if implemented, would cause house price falls.

The CML’s warning comes as the regulator reiterated a suggestion by the Bank of England last month that it could introduce a cap on mortgage lending as part of a range of new measures to stop risky lending.

Adair Turner, chairman of the FSA, said in a speech this week that maximum loan-to-value ratios could be used to slow down “excessive credit growth”.

Skipton restricts interest-only lending

Skipton Building Society will no longer offer borrowers the option of interest-only repayments if they are borrowing more than £500,000, as part of the latest clampdown on interest-only lending.

The lender will also no longer offer the product to first-time buyers and is reducing the maximum loan-to-value to 75 per cent, with effect from Friday. Any amount above 75 per cent loan-to-value will have to be taken on a capital and interest repayment basis.

Tracy Fletcher of Skipton Building Society said the decision to restrict lending was in response to a probe by the Financial Services Authority (FSA) on interest-only mortgages. In July, the regulator said it would look at tightening regulation on interest-only mortgages amid concerns that they are being used by borrowers who have no repayment method in place. A consultation with the industry will take place later this year.The move makes the building society the latest group to restrict its policy on interest-only lending following similar moves by Lloyds Banking Group and Northern Rock in May.

But mortgage brokers are concerned that high-street lenders are refusing interest-only loans to even wealthy borrowers who are eligible for such products.

In August, Coventry Building Society said it would not offer the product to first-time buyers or borrowers requesting more than £500,000. In May, Lloyds Banking Group also said it would not offer the deals on loans of more than £500,000.

“We think the vast majority of our existing borrowers who already have interest-only loans would still qualify under our new criteria - this is more of a tweak to make sure that we don’t end up outside of market trends,” said Fletcher.

“We believe it’s important for first-time buyers to get used to capital and interest repayments when they are embarking on a mortgage for the first time.”

Paragon resumes buy-to-let lending

Paragon, the buy-to-let mortgage provider, has resumed lending to customers on Tuesday after withdrawing from the market in 2008.

The lender has launched a new range of buy-to-let products that target professional landlords, an area of the market currently underserved by buy-to-let lenders.

Mortgage brokers welcomed the return of the specialist buy-to-let lender. “Paragon’s return has long been rumoured but now it’s a reality,” said David Hollingworth of London & Country, the mortgage brokers.Paragon said it will commence lending with immediate effect through a panel of brokers after securing fresh funds from Macquarie Bank. The buy-to-let lender was forced to stop lending at the height of the financial crisis following the collapse of the wholesale markets.

Paragon’s return will especially provide a boost to professional property investors. It will provide criteria that is not widely available elsewhere in the market, such as limited companies, multi-unit blocks and Houses in Multiple Occupation (HMOs).

“We are particularly please to see the focus on facilities for more complex buy-to-let scenarios,” said David Whittaker of Mortgage for Business, one of the brokers that will have access to Paragon’s new products.

The buy-to-let mortgage market has been hit hard by the credit crunch. The number of lenders in the market as well as the choice of products have been significantly reduced. The majority of buy-to-let business is now written by BM Solutions, the specialist buy-to-let brand of Lloyds Banking Group, and The Mortgage Works, part of Nationwide Building Society.

Last week, Lloyds restricted the maximum number of buy-to-let loans per landlord to just three properties, up to a maximum of £2m worth of lending - limiting its exposure further to the buy-to-let market.

Borrowers were previously able to take out up to nine mortgages with a total value of up to £3m across all of the group’s brands, a change only introduced last year.

Whittaker said the majority of lenders currently in the market have preferred to stick with “vanilla” buy-to-let products for novice and small-scale landlords.

Nigel Terrington, chief executive of Paragon, said it had remained “steadfast” in its commitment to return the business to new lending when conditions permitted.

“Competition is vital for a healthy and vibrant buy-to-let market and we aim to provide that competition,” he said.

Paragon’s new range will include fixed-rates starting from 5.3 per cent and tracker rates starting from 4.3 per cent. It will lend a maximum of 75 per cent loan-to-value.

U.S. 30-Year Mortgage Rate Declines to Record 4.32%

Mortgage rates for fixed 30-year U.S. loans dropped for the first time in four weeks, matching a record low, as housing demand remains depressed.

Rates for 30-year mortgages fell to 4.32 percent in the week ended today from 4.37 percent, Freddie Mac said in a statement. The average 15-year rate was 3.75 percent, according to the McLean, Virginia-based mortgage finance company.

This week’s 30-year rate matched the record reached four weeks ago that was the lowest in Freddie Mac data dating to 1971. Low borrowing costs have done little to bring homebuyers back to the market as unemployment hovers near 10 percent.

“There’s a problem with confidence because the unemployment rate remains very high,” saidDonald Rissmiller, chief economist at Strategas Research Partners in New York. “We have a housing market struggling to stay flat at very depressed levels.”

Home prices in 20 U.S. cities rose at a slower pace in July from a year earlier as the end of a federal tax credit hurt sales, the S&P/Case-Shiller index of property values showed this week. A high number of foreclosures also is reducing demand for homes. Banks seized a record 95,364 homes from delinquent borrowers in August, according to RealtyTrac Inc.

The Mortgage Bankers Association’s loan application index fell 0.8 percent in the week ended Sept. 24 to the lowest level in almost two months. Purchase applications increased 2.4 percent, while refinancing declined 1.6 percent, the Washington- based group said yesterday.

Floods Delay U.S., China-Built Dam in Power-Starved Pakistan's Northwest

Pakistan’s Gomal Zam dam, needed by the government to ease power and water shortages, will be completed six months late because of delayed funding and damage from recent floods, its project manager said.

The barrage, being built by China’s state-owned Sinohydro Corp., “will begin operating in April 2011” instead of this month, said Colonel Muhammad Zaheer, who oversees the work for the army’s Frontier Works Organization. “The construction is 92 percent complete,” Zaheer said in an interview Sept. 28 at the dam site.

The dam, in the impoverished district of South Waziristan, is a key part of Pakistan’s economic development plan to undercut the Taliban guerrilla movement. Militants had their main base in the district until the army seized it last year, and 1,500 troops protect the construction site, Zaheer said.

The first of two planned turbines will add 17.4 megawatts of electricity to the national power grid, against Pakistan’s supply shortfalls this year of 5,000 megawatts or more.

Canals built by Istanbul-based Tekser Construction will irrigate 66,000 hectares (163,000 acres) of farmland in South Waziristan and adjoining districts, Zaheer said.

Work on the dam began from 2002 until 2004, when it halted after Taliban fighters kidnapped two Chinese engineers, one of whom was killed in a Pakistani army rescue operation. The original Chinese contractors withdrew from the project, and the army’s construction branch resumed work in 2007, subcontracting to Sinohydro and Tekser.

Worst Floods

This year’s monsoon floods, Pakistan’s worst ever, submerged the site’s rock-crushing plant and caused mudslides that buried access roads, causing $800 million rupees ($9.3 million) in damage, Zaheer said. He declined to provide details on the delays in construction funding.

The U.S. Embassy in Islamabad said by e-mail in July that President Barack Obama’s administration would step in to pay $108 million of the $136 million projected cost for the dam and irrigation project. The aid is part of U.S. efforts to improve power supplies and agriculture as a way of stabilizing a country it sees as crucial to its fight against Islamic militant groups in South and Central Asia.

Sinohydro, which helped build China’s Three Gorges Dam, is also working on the Khan Khawar Dam in Shangla, a northwestern valley that has suffered attacks by the Taliban.

General news about Pakistan: {NI PAKISTAN BN} News about Taliban: {NSE TALIBAN BN}