A biblical thought for estate agents
Article Abstract:
The UK residential property market saw price rises from 1982 to 1989, following by seven years of falling prices and a rise in repossessions and mortgage debt in relation to the value of assets. There is no clear indication of a market trend in 1996. Scotland and Northern Ireland are the only UK regions to have seen price rises from 1990 to 1996. Some segments of the market have still performed well, such as prime real estate in London, England. Job insecurity and fewer state benefits for mortgage holders should prevent prices from rising unduly, but the market is likely to recover with mortgage rates low.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1996
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How to pool your resources
Article Abstract:
The UK has unreliable weather and there are not enough sporting facilties, so it is worthwhile for families with children to invest in a swimming pool or a tennis court. Indoor pools are expensive, while tennis courts offer good value since they can be used on colder days. Costs are increased when pools are built in basements of existing homes since foundations and walls have to be made stronger and hand digging is necessary since there may not be enough space for mechanical equipment.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1996
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A flourishing market in London
Article Abstract:
The market for rented property in London, England, is performing well and foreign investors are buying into this market. The UK tax rules have changed and letting agents have to pay 24% of rent after expenses in tax, unles landlords hold a certificate of exemption. The UK Housing Bill strengthens the position of landlords by reduced the period that rent has to be in arrears before repossession can be sought to eight weeks from 13 weeks, and through reducing security of tenure.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1996
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