Author: Carlo Pandian
A report by consultants McKinsey has found that the UK and Japan’s debt levels as a percentage of GDP far exceed any of the world’s other major economies.
Total UK debt, which includes households, financial institutions and government debts, amounts to 507% of GDP. This is only exceeded by Japan (512%).
UK property has been a factor in the difficult prospect of deleveraging debts. UK banks, which hold levels of debt at 219% of GDP, have been more sympathetic over repayments than the likes of the United States, the report suggests.
As such, the lessened ability of individuals and companies to pay their essential bills coupled with banks’ ignorance about the quality of their loans is a significant impairment to confidence and the flow of credit.
The UK private sector exposure to debt in the five weakest Eurozone countries (Ireland, Italy, Greece, Portugal, and Spain) is at £189.5 billion.
The report notes that US and UK business and property investment declined sharply during the credit crisis by roughly one third. Growth in business investment has remained weak in the UK, where only London property has shown signs of growth and sustainable value over a sustained period.
There are signs of a recovery in the US, however, after success in deleveraging – reducing total debts as a percentage of GDP by 16 percentage points –instilled some confidence in lending again.
As long as the UK business sector continues to save rather than invest, the strong economic growth that was the biggest factor in reducing government deficits in Sweden and Finland in the 1990s will not materialise, the consultants suggest.
Given very low interest rates, this would be a good time for private investment in property and infrastructure. This remains the only credible source of funding, given that low UK borrowing rates depend primarily on the government’s commitment to its austerity plans.
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January 25, 2012
Tenant’s rights – why it’s important all landlords understand them
Author: Alex Smith
Thankfully for all involved, the days of landlords being allowed to leave their tenants in unsuitable, badly maintained accommodation are largely over in the UK. This is because tenants are protected by a raft of rules and regulations, aimed at ensuring fairness on both sides. These rights apply to all tenants, even if they’re not set out in the tenancy agreement signed at the start of the tenancy.
As a landlord, being aware of these rights isn’t enough – it’s a good idea to be prepared to act on them. Landlord insurance can be used to cover you in the event of problems with things like plumbing, electrical wiring or roof damage. This extra financial safety net could help to encourage you to get things fixed sooner rather than later.
As part of tenant’s rights, you must:
• Give your tenants freedom to live undisturbed in the property
• Make sure that the property is in a good state of repair
• Allow your tenant to access details of their tenancy at any time
• Protect tenants from unfair eviction
Deposits
The management of deposits also forms a large part of tenants’ rights. When a landlord takes a deposit from a tenant, it must be protected by a government-approved tenancy deposit scheme no more than 14 days after it was received. The tenant needs to be informed this has happened. Failure to comply with the legislation can have dire consequences – and may result in landlords being forced to refund the deposit plus three times the amount on top.
How can landlord insurance help?
While no good landlord would deliberately ignore their responsibilities, it’s possible that a combination of financial and time pressures could leave a landlord in danger of breaking housing codes. However, getting cheap landlord cover is one way of reducing the cost of carrying out certain repairs and checks. The insurance can be created to suit the individual landlord’s needs, with some covering essential boiler inspections and repairs, and others expending to plumbing and drains, electrical wiring and roof damage.
Why get landlords insurance?
Landlords insurance will not only offer financial protection against the worst, but also keep your tenants happy. If you’re new to the sector, gaining a reputation as a fair, conscientious landlord can do wonders for your business, especially in the age of social media and review sites, where disgruntled views can spread fast. Ultimately, it could save you money, help keep you on the right side of the law and boost your reputation – so why wouldn’t you get landlords insurance?
Thankfully for all involved, the days of landlords being allowed to leave their tenants in unsuitable, badly maintained accommodation are largely over in the UK. This is because tenants are protected by a raft of rules and regulations, aimed at ensuring fairness on both sides. These rights apply to all tenants, even if they’re not set out in the tenancy agreement signed at the start of the tenancy.
As a landlord, being aware of these rights isn’t enough – it’s a good idea to be prepared to act on them. Landlord insurance can be used to cover you in the event of problems with things like plumbing, electrical wiring or roof damage. This extra financial safety net could help to encourage you to get things fixed sooner rather than later.
As part of tenant’s rights, you must:
• Give your tenants freedom to live undisturbed in the property
• Make sure that the property is in a good state of repair
• Allow your tenant to access details of their tenancy at any time
• Protect tenants from unfair eviction
Deposits
The management of deposits also forms a large part of tenants’ rights. When a landlord takes a deposit from a tenant, it must be protected by a government-approved tenancy deposit scheme no more than 14 days after it was received. The tenant needs to be informed this has happened. Failure to comply with the legislation can have dire consequences – and may result in landlords being forced to refund the deposit plus three times the amount on top.
How can landlord insurance help?
While no good landlord would deliberately ignore their responsibilities, it’s possible that a combination of financial and time pressures could leave a landlord in danger of breaking housing codes. However, getting cheap landlord cover is one way of reducing the cost of carrying out certain repairs and checks. The insurance can be created to suit the individual landlord’s needs, with some covering essential boiler inspections and repairs, and others expending to plumbing and drains, electrical wiring and roof damage.
Why get landlords insurance?
Landlords insurance will not only offer financial protection against the worst, but also keep your tenants happy. If you’re new to the sector, gaining a reputation as a fair, conscientious landlord can do wonders for your business, especially in the age of social media and review sites, where disgruntled views can spread fast. Ultimately, it could save you money, help keep you on the right side of the law and boost your reputation – so why wouldn’t you get landlords insurance?
Top Property Investment Destinations of Israeli Investors
Research conducted at TLV Expo in Tel Aviv attempted to study the motives, preferences and priorities of Israeli investors engaged in overseas real estate activities.The research featured participants from various sectors of the real estate industry, including corporate and private investors, fund managers, high net-worth individuals, project developers, consultants and agents, covering Israeli based investors who had invested in at least one overseas property during 2011. Unlike many European real estate investors, Israeli investors demonstrate lower interest in purchasing leisure properties, but rather view real estate as a yield baring investment channel, with an average expectation of at least 7% annual yield.
Residential and commercial properties are considered as the most interesting vertical investment opportunity. Focusing on urban centres is dominant across the board, with belief that city centres with ongoing tourist activity lowers perceived risks in overseas investment.
With many uncertain factors involved in international investment, the fear of empty properties with maintenance costs continue to take its toll as the top international investment barrier.
Top investment destinations for Israeli investors are:
1. New York City
2. Berlin
3. London
4. Barcelona
5. Greek islands
New York led the list due to strong belief that the US market in general and NYC in particular will continue to demonstrate strong demand for rental and commercial property. Direct flights and lack of language barriers as well as a traditional good relationship with the US, were the top positive factors affecting the choice. The multifamily residential market and university expansion, along with Technion and Cornell's win in building a two-million square-foot campus on Roosevelt Island, drew positive attitude toward investment in this market.
Berlin is perceived as under priced, with high yields on rental properties. The robustness of the German economy was one of the top factors which affected the choice. Direct flights and positive attitude toward Israelis have also encouraged investors to operate in this market.
London is popular with direct flights, strong business ties, familiarity with market trends and the Olympic games.
Barcelona is a relatively new investment destination for the Israeli investor seeing record-breaking numbers of incoming tourists from all over the world. Together with price reductions due to Spain's economic crisis, Barcelona is perceived to offer great returns mainly through short term rentals on small apartments in the city centre.
The insight behind the Greek Islands is that the geographic proximity of Greece to Israel is a factor (1 hour flight from Tel Aviv to Athens) and the financial crisis in the Greek economy represent an opportunity as less people can afford buying a house and rental volume will rise.
Since Israelis cannot plan on family vacations in the shores of Sinai (in Egypt) the next closest destination is Greece, so families can rent a villa or an apartment in a condo during the spring to autumn seasons. The winter in Greek islands is still warmer than Northern Europe or Russia, so during that period of the year tourists from these regions may be interested in vacation property rentals. Short term rentals are very profitable for property owners; according to a representative of TLVexpo.com
December 16, 2011
Making the Best Storage Choices
We all get busy with graft, school and family and even when we have the time and energy; it is common to shove unused items in a spare room or space. Then, of course, when there is no room to store things like school memorabilia, your lad’s bronzed shoe and other miscellaneous keepsakes that can’t be displayed in the living room we turn to outside the home.
Now if you are fortunate enough to have an unoccupied static caravan that may double as a storage facility, you may want to consider some tips that an old mate put to use when she had to use a storage facility before moving her belongings to Birmingham.
Take a good, hard look at the items and assess how they will be used. While your first doll or stuffed animal may hold some sentimental value, holding on to your entire toy collection could make a difference in the money spent on storage space. Same goes for your children. If they have outgrown a toy or age-specific item, determine whether it should be disposed of or passed on to someone who is less fortunate. If it takes time to figure how an item can be used, that means that it has no purpose.
Get rid of broken items. Some things like a sewing machine that is hard to replace or you find that newer models do not work as well should be at a repair shop. Simple kitchen appliances, toys, bric-a-brac and trinkets that no longer serve a purpose should be disposed of. If any items contain metal parts or contain chemicals, you are not certain of, contact your city’s recycling centre and they will advise as to how it can be disposed of without causing harm to the environment.
Decide whether new items will be used soon. Many of us make impulse purchases with the intention of using it. Sometimes, we may have to take time to explain this to our spouse or find that the kids may not need it after all. Many retailers are flexible with customers returning items that have not been taken out of the box or do not show evidence of wear, sometime up to a year after purchase. If you have items that are not going to be used anytime soon and you can’t return it for a refund, then donate it.
Even in most offices where management may feel that leasing a larger space is necessary later find out that unused or outdated inventory and supplies were just a waste of space costing them money.
Author’s bio: Lisa is a guest post writer who specializes in Brooklyn storage facilities and other short-term storage options.
Now if you are fortunate enough to have an unoccupied static caravan that may double as a storage facility, you may want to consider some tips that an old mate put to use when she had to use a storage facility before moving her belongings to Birmingham.
Take a good, hard look at the items and assess how they will be used. While your first doll or stuffed animal may hold some sentimental value, holding on to your entire toy collection could make a difference in the money spent on storage space. Same goes for your children. If they have outgrown a toy or age-specific item, determine whether it should be disposed of or passed on to someone who is less fortunate. If it takes time to figure how an item can be used, that means that it has no purpose.
Get rid of broken items. Some things like a sewing machine that is hard to replace or you find that newer models do not work as well should be at a repair shop. Simple kitchen appliances, toys, bric-a-brac and trinkets that no longer serve a purpose should be disposed of. If any items contain metal parts or contain chemicals, you are not certain of, contact your city’s recycling centre and they will advise as to how it can be disposed of without causing harm to the environment.
Decide whether new items will be used soon. Many of us make impulse purchases with the intention of using it. Sometimes, we may have to take time to explain this to our spouse or find that the kids may not need it after all. Many retailers are flexible with customers returning items that have not been taken out of the box or do not show evidence of wear, sometime up to a year after purchase. If you have items that are not going to be used anytime soon and you can’t return it for a refund, then donate it.
Even in most offices where management may feel that leasing a larger space is necessary later find out that unused or outdated inventory and supplies were just a waste of space costing them money.
Author’s bio: Lisa is a guest post writer who specializes in Brooklyn storage facilities and other short-term storage options.
December 14, 2011
Guide to Landlord insurance
guest post Alan Boswell
Being a landlord can brings with it a whole host of challenges. Not only do you need to pay the mortgage each month, you have to protect both your property and your tenants. It's a common misconception that a standard buildings and contents insurance policy will cover all three once it's let – but unfortunately this is not the case.
In practice, landlord insurance is very similar to a standard household insurance policy - the buildings are covered and you can still get contents insurance to cover furnishings as well as accidental damage. However there are a few main differences…
The main difference is that, because you are physically not living in the property, it is not classed as ‘owner-occupied’. Standard insurance policies are not designed to cater for the process of earning an income through letting a property, nor is it designed to cover your legal obligations to protect your tenants whilst they are living there.
Public Liability Insurance
All landlord insurance policies include what is known as a ‘Public Liability Insurance’. This is designed to protect landlords for injury or damage to others, including tenants, as residents in the property. It will cover your legal costs in defending a claim and the legal costs of the claimants if you are judged to have been at fault. It will also cover damages awarded to the claimant as well as loss of earnings - without it you could be in for an expensive time!
Loss of Rent
Another standard cover found within landlords insurance policies is ‘Loss of Rent’. This is very important as it covers landlords against expenses they could incur should their property become uninhabitable. You could have to find and fund alternative accommodation for your tenants, as well as make up the loss of rent during the period the property is out of use – Loss of Rent covers all of these circumstances.
If you are worried about your tenants not paying you your rent each month ‘Rent Guarantee Insurance’ can often be added to most policies. It isn’t normally standard on landlords insurance but may be available as a bolt-on or as a separate insurance policy itself.
What about contents insurance?
What insurers consider contents in landlord insurance is usually slightly different than for a standard household policy. Most policies will only cover accidental damage to the contents that the Landlord has provided for the use of the tenants. This can include, but is not limited to, carpets, white goods and communal contents in hallways.
It is also worth remembering that it will only cover items and furnishings owned by the landlord and not any contents owned by the tenants – they will have to arrange their own contents insurance separately.
And remember…
How much you pay for landlord insurance will all depend on the type of property, its age, location and the buildings sum insured. It will also take into account your history of claims and how many tenants will be in the property.
But in order to benefit from all the cover of your particular landlords insurance policy then you will have to have a number of measures in place. This may include a boiler that’s checked annually by a registered Corgi engineer, and proper measures in place regarding the structures of the building.
Being a landlord can brings with it a whole host of challenges. Not only do you need to pay the mortgage each month, you have to protect both your property and your tenants. It's a common misconception that a standard buildings and contents insurance policy will cover all three once it's let – but unfortunately this is not the case.
In practice, landlord insurance is very similar to a standard household insurance policy - the buildings are covered and you can still get contents insurance to cover furnishings as well as accidental damage. However there are a few main differences…
The main difference is that, because you are physically not living in the property, it is not classed as ‘owner-occupied’. Standard insurance policies are not designed to cater for the process of earning an income through letting a property, nor is it designed to cover your legal obligations to protect your tenants whilst they are living there.
Public Liability Insurance
All landlord insurance policies include what is known as a ‘Public Liability Insurance’. This is designed to protect landlords for injury or damage to others, including tenants, as residents in the property. It will cover your legal costs in defending a claim and the legal costs of the claimants if you are judged to have been at fault. It will also cover damages awarded to the claimant as well as loss of earnings - without it you could be in for an expensive time!
Loss of Rent
Another standard cover found within landlords insurance policies is ‘Loss of Rent’. This is very important as it covers landlords against expenses they could incur should their property become uninhabitable. You could have to find and fund alternative accommodation for your tenants, as well as make up the loss of rent during the period the property is out of use – Loss of Rent covers all of these circumstances.
If you are worried about your tenants not paying you your rent each month ‘Rent Guarantee Insurance’ can often be added to most policies. It isn’t normally standard on landlords insurance but may be available as a bolt-on or as a separate insurance policy itself.
What about contents insurance?
What insurers consider contents in landlord insurance is usually slightly different than for a standard household policy. Most policies will only cover accidental damage to the contents that the Landlord has provided for the use of the tenants. This can include, but is not limited to, carpets, white goods and communal contents in hallways.
It is also worth remembering that it will only cover items and furnishings owned by the landlord and not any contents owned by the tenants – they will have to arrange their own contents insurance separately.
And remember…
How much you pay for landlord insurance will all depend on the type of property, its age, location and the buildings sum insured. It will also take into account your history of claims and how many tenants will be in the property.
But in order to benefit from all the cover of your particular landlords insurance policy then you will have to have a number of measures in place. This may include a boiler that’s checked annually by a registered Corgi engineer, and proper measures in place regarding the structures of the building.
3 Reasons to Buy Property in the Cayman Islands
via Liam Baily
The Cayman Islands is an international tax haven wrapped in a Caribbean paradise.
The wealthy have always bought property and invested in the Cayman Islands, yet property prices here are still much lower than the rest of the Caribbean. In a volatile world investors are looking more than ever for financial havens, and the Cayman islands, along with several other destinations in the Caribbean are coming up trumps. Here are some of the main reasons why foreigners are snapping up property in the Cayman Islands as investments and holiday homes:
Cheap Caribbean Property: It’s the Caribbean for goodness sakes. The Cayman Islands represent true paradise. Compared to the likes of the Dominican Republic there is hardly any development at all in the Cayman Islands. The government has always been careful to ensure the beauty and paradise of the islands was kept intact when considering planning applications. Even now that the Cayman Islands is becoming popular as an overseas property destination, the availability of properties is almost all resort developments. Thus, the properties are serving twin purposes, they are the supply for overseas buyers’ demand, but are also supplying the tourism industry with its availability. The Cayman Islands represent an untouched beauty that barely exists anymore, and those who visit normally come again and again, so of course having a holiday home on the Caymand Islands is a fantastic investment or holiday home, which makes you very popular at parties.
Investment Potential: Cayman Islands property prices are among the lowest in the Caribbean, which gives incredible scope for strong rental yields and capital growth. As was mentioned most of the availability is in resort developments. The majority of them come with guaranteed rental yields and even attractive buy back deals.
Packages Geared Towards Pensions: The credit crunch wiped trillions of dollars off stock markets, and left many pensioners pensionless. With everyone growing older and living longer more and more people are choosing to supplement whatever state pension they may be entitled to with their own investments and strategies. The British Self Invested Personal Pension is a prime example. The plan allows Brits to make their own investments for their pension pot, including commercial property. Many Brits are buying into holiday resort properties as part of SIPPs because the fact that they are managed as part of the resorts makes them SIPPable.
Many resort developments on the Cayman Islands fit into this category, including the Dolphin Estates development. SIPP investors are looking for safe returns. Dolphin Estates guarantees them 20% over 4 years. They can take this as a guaranteed 5% rental yield each year, or a 120% buy back on year 4. It also leaves the option open to try a profitable sale on the open market in year 4 before pocketing the additional 20% from the developer. Though you should double check this in the terms.
The wealthy have always bought property and invested in the Cayman Islands, yet property prices here are still much lower than the rest of the Caribbean. In a volatile world investors are looking more than ever for financial havens, and the Cayman islands, along with several other destinations in the Caribbean are coming up trumps. Here are some of the main reasons why foreigners are snapping up property in the Cayman Islands as investments and holiday homes:
Cheap Caribbean Property: It’s the Caribbean for goodness sakes. The Cayman Islands represent true paradise. Compared to the likes of the Dominican Republic there is hardly any development at all in the Cayman Islands. The government has always been careful to ensure the beauty and paradise of the islands was kept intact when considering planning applications. Even now that the Cayman Islands is becoming popular as an overseas property destination, the availability of properties is almost all resort developments. Thus, the properties are serving twin purposes, they are the supply for overseas buyers’ demand, but are also supplying the tourism industry with its availability. The Cayman Islands represent an untouched beauty that barely exists anymore, and those who visit normally come again and again, so of course having a holiday home on the Caymand Islands is a fantastic investment or holiday home, which makes you very popular at parties.
Investment Potential: Cayman Islands property prices are among the lowest in the Caribbean, which gives incredible scope for strong rental yields and capital growth. As was mentioned most of the availability is in resort developments. The majority of them come with guaranteed rental yields and even attractive buy back deals.
Packages Geared Towards Pensions: The credit crunch wiped trillions of dollars off stock markets, and left many pensioners pensionless. With everyone growing older and living longer more and more people are choosing to supplement whatever state pension they may be entitled to with their own investments and strategies. The British Self Invested Personal Pension is a prime example. The plan allows Brits to make their own investments for their pension pot, including commercial property. Many Brits are buying into holiday resort properties as part of SIPPs because the fact that they are managed as part of the resorts makes them SIPPable.
Many resort developments on the Cayman Islands fit into this category, including the Dolphin Estates development. SIPP investors are looking for safe returns. Dolphin Estates guarantees them 20% over 4 years. They can take this as a guaranteed 5% rental yield each year, or a 120% buy back on year 4. It also leaves the option open to try a profitable sale on the open market in year 4 before pocketing the additional 20% from the developer. Though you should double check this in the terms.
December 6, 2011
London is the office investment target of choice
A recent report entitled "Who Owns the City", researched by Professor Colin Lizieri, of Cambridge University, highlights some interesting aspects concerning City of London's commercial office market; which is very buoyant but often neglected by mainstream press coverage.
Professor Lizieri's research provides 4 main conclusions, namely that:
Professor Lizieri's research provides 4 main conclusions, namely that:
1. Foreign ownership of City of London offices now stands at 52% and tha traditional institutional ownership has decreased from 29% in 2005 to 17% in 2011.
2. London is the office investment target of choice attracting €72 billion inward investment dwarfing Paris (€43 billion) and Frankfurt (€11 billion) as the most attractive market for office investment in Europe between 2007-2011.
3. The average value of buildings acquired by foreign investors was £91 million (€106m) as against an average purchase price of £27 million (€32m) for UK buyers.
4.Germany remains the largest overseas City office investor with a 16% share,and there has been an expansion of Middle Eastern ownership, which currently accounts for a 6% share. Japanese holdings have declined to 2% compared with a peak of around 11% in the early 1990s.The report also highlights that high net worth individual investors are "playing an increasingly significant role within the ‘Square Mile' " and for that to continue, the vitality of the financial sector is integral to the continued success of the Square Mile's office market:
Due to the fact that 41% of the City office space is owned and occupied by firms in the Finance, Insurance and Real Estate (“FIRE”) sector, and 57% by financial and business services firms, there is considerable ‘functional specialisation’ in the City. The long-term fortunes of occupiers and the investment market are therefore locked together.Here is the full report
November 16, 2011
Rent demand rising in West Midlands
According to some new research, the rental market in London has a soaring demand which has resulted in many properties being snapped up in record times.
Findings by a London lettings agency show that rental homes are being let in of average 12.7 days which is a drop from 13.5 days at the same time in 2010.
The survey found that in some parts of the country, properties are coming onto the market and being let within hours. This suggests that the competition between leasing agents in London for renting tenants is intense and that the scramble for properties in the capital by budding investors is overwhelming.
Further results concluded that five tenants are competing for each home which is the same as the second quarter in 2011 but that this figure has risen to 7.3 tenants for every home, in the West Midlands area.
These findings echo the Bank of England’s latest Trends in Lending report which reveal that there is a rise in buy-to-let mortgages, as people and overseas property investors seek refuge in the London property market.
www.brlets.co.uk can confirm that London is continuing to attract large numbers of property buyers thanks to its reputation for strong rental demand, political stability and capital growth. The strong demand for rental properties has extended well into the autumn months therefore it is vital for property investors to choose the right lettings agent. And with over 285,000 international students studying in London and boosting the private rental market, landlords can cash in fast.
*sponsored post*
Findings by a London lettings agency show that rental homes are being let in of average 12.7 days which is a drop from 13.5 days at the same time in 2010.
The survey found that in some parts of the country, properties are coming onto the market and being let within hours. This suggests that the competition between leasing agents in London for renting tenants is intense and that the scramble for properties in the capital by budding investors is overwhelming.
Further results concluded that five tenants are competing for each home which is the same as the second quarter in 2011 but that this figure has risen to 7.3 tenants for every home, in the West Midlands area.
These findings echo the Bank of England’s latest Trends in Lending report which reveal that there is a rise in buy-to-let mortgages, as people and overseas property investors seek refuge in the London property market.
www.brlets.co.uk can confirm that London is continuing to attract large numbers of property buyers thanks to its reputation for strong rental demand, political stability and capital growth. The strong demand for rental properties has extended well into the autumn months therefore it is vital for property investors to choose the right lettings agent. And with over 285,000 international students studying in London and boosting the private rental market, landlords can cash in fast.
*sponsored post*
Bored Brits returning home from Australia
Research has revealed that many Brits are heading back home after emigrating to Australia. Some new findings show that many citizens are returning to Britain because they find Oz land ‘boring’ and that having family back in the UK is too much to leave permanently. Hundreds of thousands of Britons have made the move by transporting all of their belongings with shipping to Oz services but it seems the sunny weather and family-friendly lifestyle doesn’t compensate the miss of British life and culture.
According to the research, nearly 107,000 people moved to Australia from the UK between 2005 and 2010 but more than 30,000 expats returned back in the same period with their dream life Down Under turning into a disappointment. The study, which was carried out by researchers Mary Holmes and Roger Burrows, found that the most crucial issue which deterred people from staying in Australia was the feeling of being close to family and feeling ‘at home'.
Expats are deciding to return to the UK so the kids can see their grandparents more and spend time with relatives. Many families predict that by moving overseas their quality of life will improve immensely but the survey shows that Britons complain of the stressful daily routines and long commutes on hot crowded trains.
One Briton called Jennifer Price argues that she left Australia after finding that there was no culture there. The mother, from Surrey, had moved Down Under for five years and initially thought it was a beautiful amazing place but after scratching the surface found nothing underneath and in the end just had to leave. The 39-year old claims that there is no theatre, no real heritage and everywhere in Australia is exactly the same. If you want to move back to the UK, or if you plan on moving abroad, Robinsons international removals can help.
*sponsored post*
According to the research, nearly 107,000 people moved to Australia from the UK between 2005 and 2010 but more than 30,000 expats returned back in the same period with their dream life Down Under turning into a disappointment. The study, which was carried out by researchers Mary Holmes and Roger Burrows, found that the most crucial issue which deterred people from staying in Australia was the feeling of being close to family and feeling ‘at home'.
Expats are deciding to return to the UK so the kids can see their grandparents more and spend time with relatives. Many families predict that by moving overseas their quality of life will improve immensely but the survey shows that Britons complain of the stressful daily routines and long commutes on hot crowded trains.
One Briton called Jennifer Price argues that she left Australia after finding that there was no culture there. The mother, from Surrey, had moved Down Under for five years and initially thought it was a beautiful amazing place but after scratching the surface found nothing underneath and in the end just had to leave. The 39-year old claims that there is no theatre, no real heritage and everywhere in Australia is exactly the same. If you want to move back to the UK, or if you plan on moving abroad, Robinsons international removals can help.
*sponsored post*
Delloite leasing office space during 2012 olympics
One of the UK’s biggest accountancy firms has revealed plans to lease some
London office space during the 2012 Olympics.
Deloitte has disclosed that the company will rent two floors of a 12 storey building by London’s Olympic Park during the summer Games in a bid to entertain clients. The business is reported to let about 16,000 sq. ft. near the main venue in the capital’s east end area, as opposed to west end office space.
The property is currently owned by Westfield Group and the rental fee has not yet been published. Spokesman James Igoe confirmed that the new office space will be the firm’s base during the Olympics in July next year and will be operated primarily for meetings and hospitality but until then it will simply be used for community projects.
Many small and large businesses are planning to use the sporting event to promote their brand and so several companies have been looking to rent office space in the City with reports claiming it has transformed the east end area. Only recently the Prime Minister David Cameron stated the Government’s ambition for the east end area to become a world-leading technology city. If you are looking to rent an office space near to the London Olympics, or if you are considering leasing out your own property, simply use the UK’s favourite office space website Official Space.
The news follows reports that businesses Adidas, Ikea and BMW will also let office space near the Olympic Park. But with about 260 days to go until the big event, hurry now to get your own office space near to where all the action will be taking place.
*sponsored post*
Deloitte has disclosed that the company will rent two floors of a 12 storey building by London’s Olympic Park during the summer Games in a bid to entertain clients. The business is reported to let about 16,000 sq. ft. near the main venue in the capital’s east end area, as opposed to west end office space.
The property is currently owned by Westfield Group and the rental fee has not yet been published. Spokesman James Igoe confirmed that the new office space will be the firm’s base during the Olympics in July next year and will be operated primarily for meetings and hospitality but until then it will simply be used for community projects.
Many small and large businesses are planning to use the sporting event to promote their brand and so several companies have been looking to rent office space in the City with reports claiming it has transformed the east end area. Only recently the Prime Minister David Cameron stated the Government’s ambition for the east end area to become a world-leading technology city. If you are looking to rent an office space near to the London Olympics, or if you are considering leasing out your own property, simply use the UK’s favourite office space website Official Space.
The news follows reports that businesses Adidas, Ikea and BMW will also let office space near the Olympic Park. But with about 260 days to go until the big event, hurry now to get your own office space near to where all the action will be taking place.
*sponsored post*
November 11, 2011
FSA regulations improve profile of sell to rent back
In 2009, the HM Treasury announced that it planned for the regulations of the Financial Services Authority (FSA) to include sell to rent back. This has helped to change the way that people use, and how they perceive, sell to rent back services.
The FSA is the regulator of all providers of financial services in the UK. They ensure that financial services are working properly and are suitable for customers. Regulations from the FSA have helped to improve the profile of sell to rent back services.
The FSA has put some strict regulations in place for sell to rent services to adhere to. These regulated systems should help to ease the minds of customers that a service has been approved by a governmental body.
The changes put in place by the FSA mean that a provider must be authorised before offering a sell to rent back service. This means that vulnerable customers are protected from unregulated services.
The government has introduced new changes to the Financial Services Act 2000, which mean that anyone who provides a sell to rent back service, even if for a single transaction, must be authorised to do so accordingly.
There is a governmental register available to check if a buy to rent back firm or investor is registered with, and regulated by, the FSA.
DFB Housing Solutions were one of the first companies to receive full authorisation from the FSA. The company is hugely supportive of the regulatory process of the FSA and their aim to make buy to rent back services more regulated for customers.
Due to their FSA authorisation, DFB Housing Solutions can be relied on for a first class service, excellent operations and a great sense of customer service.
Through the regulations of the FSA, companies like DFB Housing Solutions are shown to be trusted property experts who are offering a useful alternative for people that need a little financial help.
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