Articles

  • MANY UNDERWATER HOMES IN FLORIDA ALSO GOING THROUGH FORECLOSURE

    by: Prime Asset Investments

    Four Florida cities are among those at the top of the list for homes seriously underwater – meaning properties where the combined mortgage is at least 25% higher than the home’s estimated market value.

    31st July, 2015Continue reading
  • NO PLACE FOR CORRUPT FOREIGN PROPERTY OWNERS - CAMERON

    by: Prime Asset Investments

    British Prime Minister David Cameron announced a major review of international ownership rules to reveal owners who use anonymous corporate structures to “stash dodgy cash” in London’s luxury property market.

    29th July, 2015Continue reading
  • EIGHT YEAR PEAK FOR USA HOME SALES

    by: Prime Asset Investments

    Sales of existing homes in the USA in June reached its highest pace in more than eight years. The latest monthly data report from the National Association of Realtors also shows the cumulative effect of rising demand and limited supply has contributed to the national median sales price reaching an all-time high of $236,400.

    27th July, 2015Continue reading
  • RECORD SALES IN MIAMI IN JUNE

    by: Prime Asset Investments

    The Miami real estate market recorded its highest number of single-family home sales of any month in history in June and is on track to set another all-time annual sales record. The market registered 1,390 single-family home sales in June, beating its previous record of 1,317 in June 2005.

    27th July, 2015Continue reading
  • FURTHER MEASURES TO CURB BUY-TO-LET BOOM IN UK

    by: Prime Asset Investments

    British Chancellor George Osborne is considering giving the Bank of England more powers to limit risky lending to landlords in an effort to curb the country’s buy-to-let boom. Quizzed by the Treasury select committee on Tuesday, Osborne said he is looking into giving the Bank stricter controls over the buy-to-let market.

    23rd July, 2015Continue reading
  • NEW PRICE BUBBLE RISK IN UK, GERMANY AND NORWAY

    by: Prime Asset Investments

    Prices in overvalued property markets in the UK, Germany and Norway could be driven even higher by quantitative easing by the European Central Bank. This is suggested by a new analysis from Moody Analytics, which explains why the risk of high price bubbles has re-emerged in these countries.

    22nd July, 2015Continue reading
  • BUILDER CONFIDENCE IN USA SINGLE-FAMILY HOME MARKET HIGHEST IN DECADE

    by: Prime Asset Investments

    Builder confidence in the market for newly built, single-family homes in the USA is at the highest since 2005. According to the newly released National Association of Home Builders/Wells Fargo Housing Market Index (HMI) builder confidence in the single-family home market hit a level of 60 in July. The June reading has also been revised upward one point to the same level. The last time the HMI reached this level was in November 2005.

    17th July, 2015Continue reading
  • EFFECTS OF UK TAX CHANGES ON BUY-TO-LET MARKET UNDER SCRUTINY

    by: Prime Asset Investments

    The limits on tax relief for landlords announced by Britain’s Chancellor George Osborne could hit specialist buy-to-let lenders hard. This warning comes from Barclays analyst Daniel Garrod, who said the latest move could significantly reduce the post-tax income from buy-to-let properties. In turn this could negatively impact buy-to-let lenders such as OneSavings Bank and Paragon.

    16th July, 2015Continue reading
  • SINGLE-FAMILY HOME RENTAL GROWTH TO CONTINUE

    by: Prime Asset Investments

    The massive growth in single-family home rentals in the US since the housing bubble burst in 2006, is expected to accelerate this year as the foreclosure crisis plays out and homeownership remains under pressure. “The prospects for the single-family rental market through the remainder of the decade are good,” said chief economist of Moody’s Analytics, Mark Zandi, in a recent report. Rent growth is expected to average approximately 3% per annum from 2006 to 2016.

    13th July, 2015Continue reading
  • BUY-TO-LET MARKET POSES RISK TO FINANCIAL STABILITY IN UK

    by: Prime Asset Investments

    A week after the Bank of England warned that the UK’s booming buy-to-let housing market could pose a threat to the financial stability of the country, the Chancellor of the Exchequer announced that he is reducing tax relief on private rented homes. George Osborne on Wednesday said the income tax relief enjoyed by landlords will be cut to the basic rate, which currently is 20pc. This measure to address “unfairness in property taxation” will be gradually phased in from 2017.

    10th July, 2015Continue reading