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is available in the news section as soon as we get it Collective Property Auction Auction list available on line now www.bradleys-estate-agents.co.uk For further details please contact Bradleys Auction Department Email: auctions@beagroup.co.uk Jordan Auctions, Co.Kildare,Ireland. 26th September, 2005. Mixed property auction @ 3.00pm In Keadeen Hotel Newbridge Details on line now. Contact auctioneer to ensure properties are not sold prior to auction Mr. Patrick Jordan,from Jordan Town & Country . (14 Edward Street, Newbridge) Contact number: (045) 433550 info@jordan-auctioneers.ie Very exciting auction on Thursday 6th October @ 3.00pm In Keadeen Hotel, Newbridge (unless previously sold) McHugh & Co. Miller Metcalf Halls
FULL LIST OF HUNDREDS OF AUCTIONS ACROSS THE UK AVAILABLE AT THE HOT PROPERTY SITE WE ADVISE YOU TO CONFIRM ABOVE DETAILS WITH AUCTIONEER BEFORE TRAVELLING News House prices fall 0.2 pct in August-Nationwide House prices fell 0.2 percent on the month in August taking the annual rate of increase to its weakest in more than nine years, the Nationwide building society said on Thursday. The annual rate of just 2.3 percent was the slowest since May 1996 and took the price of the average home to 157,310 pounds from 158,348 the month before. House prices edged up a seasonally adjusted 0.2 percent in July, leaving them up 2.6 percent on the year. The report followed official figures from the Bank of England this week showing the number of mortgage approvals edged up in July to their highest in a year, suggesting that housing market transactions are stabilising. The BoE cut interest rates for the first time in 2 years in August to 4.5 percent from 4.75 percent, a move which Nationwide said boosted buyer enquiries. Nationwide said data so far suggested house prices will continue to cool in a contained fashion, echoing many economists who say the once-booming property market is headed for a soft landing rather than a crash. "However, while market activity seems to have stabilised, this does not signal the start of a further period of sustained growth in house prices," said Fionnuala Earley, group economist at Nationwide. "Even though wage inflation is almost twice the rate of house price inflation, affordability is still an issue, particularly for first-time buyers, and it will take some time for the balance to be redressed." House prices were increasing by an annual rate of almost 20 percent or more just a year ago. 10 Worst Places to Live in Britain The Channel 4 show based its rankings on statistics in five categories - crime, education, employment, environment and lifestyle - from all 434 local authorities in the UK. Hull earned the title of worst place to live partly thanks to its high crime rate. Researchers said there were approximately 69 crimes a day and nearly three each hour in the northern city. With 101 chip shops, Hull is said to be the fattest town in Britain. In terms of education, it also ranked worst of all the local authorities, with only 35.1 per cent of its 16-year-olds getting five or more A*-C GCSE's. Nottingham, where the Queens Medical Centre deals with more gunshot wounds than any other UK city, was deemed second-worst place to live in the UK. The Midlands city is also the burglary capital of the UK. Strabane, in the north west of Northern Ireland, came third, partly because the percentage of economically active people is 68.2 per cent, compared to the UK average of 74.1 per cent, and because the number of claimants on job-seekers allowance is more than double that of the UK average. Hackney, home to the so-called Murder Mile, a stretch of road named after a series of fatal shootings, is fourth in the worst-of list. Despite the crime, the borough's accommodation - £180k only gets a two-to-three bed ex-local authority house - is still pricey. Just under a third of residents of working age have no qualifications - more than twice the proportion in inner London as a whole and the estimated yearly cost of recorded crime is nearly £171 million. Middlesbrough, in the North East, is fifth, with the Channel 4 programme, presented by property experts Kirstie Allsopp and Phil Spencer, citing late night violence on its streets and poor education levels. Worst Places to Live in the UK: 1 - Hull 2 - Nottingham 3 - Strabane 4 - Hackney 5 - Middlesbrough 6 - Mansfield 7 - Blaenau Gwent 8 - Merthyr Tydfil 9 - Salford 10 - Easington Spanish House Buying Jargon As you look for your ideal home across the villages, towns and cities of Spain, scouring across the highways and byways of Abalario to Zurgena, it is easy to get lost in Spanish 'home buying' words and phrases that you have never come across before. With jargon ranging from Salón, Primera copia, Abogado, Nota simple, Inmobiliaria, Se vende, Hipoteca, a lack of understanding of key terminology can be frustrating and can cloud a purchaser's judgement. Banco Halifax Hispania (BHH), the Spanish arm of Halifax, the UK's largest lender, deals with customers looking to buy property in Spain in English. BHH guides these customers through the house purchase process by providing information from the General Land Register, including the current situation with the property and its owners, as well as any pending charges. In addition, once a suitable property has been identified, BHH can arrange for external reports covering the house and its market price. BHH has an approved panel of qualified solicitors and surveyors in the popular Costa del Sol and Costa Blanca regions. These solicitors and surveyors have local knowledge and experience of acting for UK customers. When looking to purchase your home, BHH's 'A to Z' of Spanish 'home buying' jargon should make everything crystal clear: A Abogado - lawyer or solicitor. B Baño - bathroom. C Contrato - privado de compraventa contract of sale. D Dormitorio - bedroom. E Escritura - Notarised deed of sale. F Finca - farm or townhouse. G Gastos - fees or expenses. H Hipoteca - mortgage. I ITP - transfer tax payable when buying a re-sale property. L Lujo - luxury. M Muebles - furniture. N Nota - simple property registry information. P Primera - copia signed original of the escritura or a certified
copy. R Rústica - rural or agricultural. S Salón - lounge. T Trastero - storage room. U Urbanización - community development. V Vendedor - Seller. First-time buyers on poverty 'knife-edge' Many would-be first-time homebuyers consider getting on the property ladder a passport to prosperity but, it seems, it can also be a financial millstone condemning some to poverty living. Runaway house price inflation has helped make many homeowners' fortune, as long as they have timed their house purchase and sales to make the most of the boom. But there is another side to the homeowners' tale and it is a million miles away from the sunny picture of instant profits painted by so many TV property programs. According to official government statistics nearly six out of 10 people defined as in poverty are homeowners. In this instance being in poverty is defined by social scientists and the government as earning below 60% of average incomes. "People normally think of people in poverty being single mums on council estates or people living in a rented bed-sit but this is a stereotype. "By far the largest number of people in poverty are homeowners, many of them young first-time buyers." Professor Roger Burrows of the University of York's sociology department, an expert on UK poverty, told BBC News. Poverty trapdoor According to Professor Burrows the financial strain of buying their first home leaves many first-time buyers with little disposable income. Many can't afford what many people consider to be essentials such as a second pair of shoes or keeping their home in proper decorative order. It only takes the lightest of touches to send people spiralling down - a period of illness or a divorce Marianne Ten Kate, Elizabeth Finn Trust How a life shock can lead to poverty Professor Burrows believes that millions of first-time buyers are at risk of falling through the poverty trapdoor. "Homeowners are at the greatest risk of falling into poverty during their first few years of homeownership, normally between ages 25 and 34. "In the past inflation has helped erode their mortgage debt but now with today's first-time buyers will be weighed down with their debts for far longer than in the past." Professionals on hard times Marianne Ten Kate of the Elizabeth Finn Trust, a charity which offers financial support to professionals who fall on hard times, millions of Britons could be living on a poverty knife-edge. "Savings have fallen to record low levels and millions do not have a safety net. "It only takes the lightest of touches to send people spiralling
down - a period of illness or a divorce," Ms Ten Kate said. The reality is that the 60 year old welfare state is not designed for homeowners Helen Wanless, Age Concern But can homeowners truly be in poverty, after all it is widely accepted that there is a whole generation of young people who can not afford to join their ranks? "If you consider that poverty is about lack of opportunity what could be more restricting that being mortgaged up to the hilt so much so that even a small change in your personal financial circumstances could lead to you losing the roof over your head," Professor Burrows said. As for simply selling up and relieving themselves of their property burden, Mrs Ten Kate told BBC News that this holds dangers. "Selling up means losing friends and crucially a point of reference. If the individual is already coping with a difficult situation in their life then such a step can lead to depressive illness," she said. State help lacking Homeowners often receive little state help, as they can be denied benefits available to people who rent or live in local authority housing or excluded from local regeneration initiatives simply because they own their own property. Housing benefit, for example, is, usually, only available to people who rent or live in local authority accommodation. In fact, overall, according to the Joseph Rowntree Foundation, only 8% of state help with housing costs go to homeowners. Even where there is help available, campaigners suggest that homeowners do not know about it or think that the fact that they are property owners bars them from making a claim. This problem is most acute amongst elderly homeowners - who are often asset rich but income poor, living off the state pension. Recent research has shown that just 40% of elderly homeowners entitled to council tax benefit actually claim it. "Older people in poverty, in particular, feel that state benefits are not available to them," Helen Wanless, spokeswoman for Age Concern told BBC News. In recent years, according to official figures, pensioner poverty has been on the decrease but still a large proportion of homeowners in poverty are elderly. Elderly people are generally far more likely to be owner-occupiers - after all they have had time to pay off their mortgage - and this group accounts for roughly half the total number of poverty-stricken homeowners. Often elderly homeowners want to hold onto their homes to pass onto their children but in the meantime face a struggle to make ends meet. "Many pensioners are owner occupiers and they have to choose between eating and mending a leak, repairing heating or protecting against damp." "They can obtain state loans to help with repairs but the reality is that the 60 year old welfare state is not designed for homeowners," Ms Wanless said.
The Positive Club On your own side. It's impossible to make much progress if you're busy clinging
to the very things that hold you back. At some point you must
decide whether you want to truly move forward or not. You think thousands of thoughts and take hundreds of actions on a daily basis. Within those thoughts and actions there is enormous opportunity to make real, substantial progress. How much of that abundance of opportunity are you utilizing to move your life forward? And how much is being wasted, or even worse, pushing you backwards? When you replace a negative, destructive habit with a creative, productive one, you get a double gain. You are suddenly free from something that was holding you back, and on top of that there is a new force working to move you forward. Use your thoughts, use your words, and use the actions you take each day to put yourself squarely on your own side. And you'll be well on the way toward whatever you choose to achieve. -- Ralph Marston Remember
that if you are a HPI member that the database is constantly
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If you are not already a member of Hot Property Investor and which to gain access to the huge searchable database then please click here: http://www.hotpropertyinvestor.com and hit the join button for a choice of subscription options. There are hundreds of auction houses listed, 1,000s of sales a week. Kind regards |
