Foreign investment in Spain’s housing market in 2013 was the highest for nine years, at €6.45 billion (US$8.95 billion), up 16% on the previous year, according to the Bank of Spain. British nationals were the biggest buyers with 15.1% of total foreign residential property purchases. The French bought 9.84%, the Russians 8.58%, and Belgians with [...]
House sales complaints rose from 4,261 in 2012, while complaints about letting rose by 1,845 from 8,334 in 2012. In total the Property Ombudsman received 16,378 complaints last year, a 22.9 per cent increase on the 13,321 complaints received in 2012. The ombudsman says 837 complaints about house sales were resolved last year, 236 of [...]
Buying a home in the UK will set you back £235,000 on average, according to the latest figures published this morning by the Office for National Statistics (ONS). “But hold on a minute,” I hear the news-hounds among you say. “Yesterday I read that it was much higher than that.” And indeed you may have. [...]
In Whelan v. AIB (Unreported Supreme Court 30/1/14) the third plaintiff, his wife and children, contracted for a loan to purchase land in Waterford for €25 Million, which later had a value less than €5 million. The third plaintiff was a successful businessman. The loan agreement was on a full recourse basis to all plaintiffs [...]
A property sale delivering a profit of more than £1 million has left Maria Miller facing fresh questions about her financial affairs. The Culture Secretary and her husband Iain Miller bought the property, a five-bedroom Victorian house in Wimbledon, south-west London, in 1995 for £234,000. Ten years later, Mrs Miller was elected as Conservative MP for [...]
A police force faces a fine from the information commissioner and compensation claims from thousands of motorists after an officer stole accident victims' details from a police computer and sold them on to personal injury solicitors. Sugra Hanif, a constable with Thames Valley police, was jailed for three and a half years on Wednesday for [...]
What is this property worth in today's market? For ethical reasons, agents can't tell you how much to offer, says C.D. "Chip" Boring, broker/owner of Re/Max Realty Plus in Sebring, Fla. Instead of asking directly how much the home is worth, you ask indirectly, by seeking information about comparable sales, or "comps." An agent should [...]