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is available in the news section as soon as we get it Hair & Son, Southend on Sea. Mixed property auction ˆ December 7th Auction commences at 3pm prompt and will be held at: Cumberland Suite, Pembury Road, Westcliff-on-Sea Catalogue now on line Nelson Bakewell, London Property Auction at The Ballroom, The Langham Hotel, 1c Portland Place, Regent Street, London W1N 4JA December 12th Nerja Property Auctions (Andalucia) , Spain Property & Land Registration begins 5pm January 27th, 2006 At The Hotel Balcon de Europa, NERJA Full details and bidding available on line Mixed property auction at the Beaufort Hotel, Chepstow, Monmouthshire on Thursday 15 December 2005 at 7.00 pm Details on line Mixed property auction including barns for conversation at The Chepstow Hotel, Chepstow, Monmouthshire on Monday 19th December 2005 at 7.00pm Full details on line Pugh & Company Ltd We are delighted to inform you of our updated interactive website which can be accessed via the link provided below. Please view the new site at www.pugh-company.co.uk , clicking on the AUCTIONS menu and then on Current Auction. The Auction will be held at Terminal 2 Manchester International Airport and includes 178 lots. We are acting on behalf of clients such as St Helens Council, Calderdale Council, Lancashire County Council, Salford City Council, Trafford Metropolitan Borough Council, Tameside Metropolitan Borough Council, Sefton Council, Telereal, British Waterways, and United Utilities. The online brochure is complete with individual pages for each lot, the Guide Price List and a regularly updated copy of The Addendum. In order to access each individual lot page, simply click on the Lot Number. Thank you for your interest and please e-mailauctions@pugh-company.co.uk with your comments. STEVE SWAINSON BSc (Hons) MRICS McHugh & Co London Lodge & Thomas, Cornwall St. Agnes 1 mile, Mount Hawke
2 miles, Porthtowan 2≤ miles,
Truro 7 miles. To be offered for Sale by Public Auction GUIDE PRICE: £5,000 at The Scout Hall, St. Agnes on Monday 28th November 2005 at 2.30pm 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
It has emerged that council tax inspectors will be able to enter people's homes and take photographs of people's properties. Whitehall documents reveal that the inspectors will be allowed to "obtain factual information from internal inspections" as part of the huge exercise to revalue 22 million properties in England. Caroline Spelman, the Tories' local government spokesman, said: "Labour's council tax revaluation will mean an army of nosy clipboard inspectors invading people's homes, including their bedrooms. "The privacy of law-abiding citizens will be ignored because of Labour's compulsion to levy stealth taxes on hard-working families and pensioners." COMMENT FROM HOT PROPERTY DO NOT LET THESE PEOPLE IN!!!! EVEN POLICE NEED A SEARCH WARRANT. IF THEY WISH TO ENTER YOUR PROPERTY ASK FOR A SEARCH WARRANT. THIS WILL MAKE LIFE VERY DIFFICULT. THIS IS AN ABSOLUTE & DIABOLICAL INFRINGEMENT OF OUR LIBERTY. WE MUST ALL FIGHT. Bank boosts rate-cut hopes Jane Padgham, Evening Standard THE Bank of England today trimmed its forecasts for economic growth and inflation over the next two years, rekindling hopes of spring interest rate cuts. In its latest quarterly Inflation Report, the Bank said the economy would now grow by 1.7% rather than 2% this year, bringing it into line with the consensus among City economists. Next year, that is expected to accelerate to 2.5% against the 3%-plus predicted in August.
The downgrades will heap more pressure on Gordon Brown to ditch his optimistic forecasts when he delivers the Pre-Budget Report next month.
Inflation will remain above the 2% target in the near term, dip through most of next year as the impact of soaraway oil prices wears off, then rise towards target by the end of 2007. The profile is slightly weaker than in August, when the Bank said inflation would overshoot its target in two years. Analysts said the report indicated the Bank's monetary policy committee is in no hurry to change interest rates, but could cut borrowing costs next year if growth fails to pick up. 'Today's report certainly provided a dovish take on the economy's prospects and will give the markets the feeling the next move from the Bank could be down rather than up,' said Gavin Redknap, economist at Standard Chartered. Renewed talk of rate cuts drove sterling to two-year lows against the dollar below $1.7250, while gilts and short sterling futures extended earlier gains. Bank Governor Mervyn King said the risks surrounding the forecasts were larger than usual and that the economy could be in for a bumpy ride. King expects consumer spending to recover from current sluggish levels but remain below average for the next two years. 'A pick-up in tax rates has contributed to a slowing in income available for discretionary spending,' he added. Meanwhile, official data showed employers continued to swing the axe in October, with claimant count unemployment rising by a bigger than expected 12,100 to 890,100. That was the ninth consecutive monthly increase - the longest run of job losses since the early-Nineties recession Gloomy outlook for property and shares Simon Lambert, This is Money CONFIDENCE in house prices and the stock market has fallen with less than half of investors planning to increase their stakes over the next year. Public faith in the housing market is also on the wane. A third of the general population believe bricks and mortar is the best place to put their savings, compared to more than half just over a year ago. Despite an apparent soft landing for the property market and shares enjoying a rally during 2005, research shows people are less optimistic than they were at the start of the year. The latest investor confidence index from the Association of Investment Trust Companies (AITC) makes for a gloomy read, with just 44% of active investors planning to increase their holdings in the coming year ˆ a considerable drop from the 58% who planned to do so back in February. AITC communications director Annabel Brodie-Smith said: 'Although nearly a third of the general public still believe property will outperform the stock market over the next year, this figure has been consistently falling. 'We believe the repeated warnings about a property slowdown are beginning to have an impact, but it's a concern that many people are still banking on property prices rising. 'Markets have rallied since Halloween's Merger Monday, but this index was completed before then and clearly demonstrates that active investors' confidence was knocked by the stock market's tough ride during October. We'll have to wait and see whether the recent stock market rises have boosted their confidence.' Just 30% of the public think property will outperform the stock market over the next year, compared to 40% in February, but investors are less optimistic with just 9% believing bricks and mortar is best. They believe the best place for their cash is the stock market, with six out of 10 expecting equities to outperform property. This is down from seven out of 10 in February. The AITC said that while the stock market's ups and downs may be off-putting, people needed to remember equity investment should be for the long term and over periods of five to 10 years shares and investment trusts usually outperform bank and building society accounts. Chancellor Gordon Brown was forced on to the defensive when the Tories seized on Mr King's claim that the public had been hit hard by income tax and national insurance rises. Mr King effectively admitted for the first time that the freezing of income tax thresholds had left people out of pocket. As salaries have risen, 1.6m people have become higher rate tax payers since 1997. The phenomenon, known as 'fiscal drag', has long been highlighted by the Conservatives but has always been played down by Labour. Shadow Chancellor George Osborne said Mr King had 'let the cat out of the bag on Gordon Brown's back-door income tax rises'. The attack came as Mr Brown launched his latest bid to boost business by announcing plans for every area of Britain to have residential 'enterprise' summer schools. On a trip to Manchester to meet millionaires from TV's Dragon's Den, the Chancellor revealed that children would be encouraged to spend their holidays learning how to become entrepreneurs. But the visit was overshadowed by Mr King's suggestion that income tax and National Insurance rather than council tax were to blame for a slump in the High Street. The Bank Governor said: 'One factor is the quite sharp rise in the ratio of taxes to household disposable income. 'That ratio has gone up by almost two percentage points over the last couple of years, and contributed to a sharp slowing in real disposable incomes in the second half of 2004. It's not surprising therefore that, households spent less.' He added: 'Over the past two years the ratio of council tax to disposable income has not gone up enormously. The biggest change has been income tax and National Insurance.' Mr Brown, however, was concentrating on his summer schools plan. The Chancellor's own constituency in Scotland is one of the few in the country to run such schemes. A network of enterprise summer schools will be set up in every region of England, Scotland and Northern Ireland with the first opening their doors next year. Business leaders, teachers and enterprise advisers will run the schools providing education and advice for 14-16 year olds. Mr Brown was also set to announce that next month's Pre-Budget Report will include further measures 'to boost British entrepreneurial talents and the enterprise culture'. The Chancellor did not receive any personal upgrades from Virgin Atlantic on his flights to Washington, New York and Sydney, contrary to reports yesterday. Mr Brown's wife and son were upgraded as they accompanied him on government trips. DON'T put off buying a home in the hope that prices will fall This is Money DON'T put off buying a home in the hope that prices will fall ˆ instead they will probably rise while you delay. That's the message from mortgage lender Alliance & Leicester in a report published today. The bank says nearly three quarters of those who played the waiting game ended up having to pay more, rather than less. A&L says around 21% of homeowners said they delayed their purchased because they thought property was overpriced, but 71% of these admitted they had lost out as a result. In fact, the average would-be homebuyer waited for three years and 10 months before they finally bought, during which time the average cost of a home soared by nearly £34,000. Those who postponed buying for five years faced an even bigger jump when they eventually decided to get on to the property ladder as the average cost of a home rose 87% to average £189,852. Around 78% of people say they currently think property is overpriced, 15% of whom say they are delaying making a purchase in the hope that prices will come down. The vast majority of people who are still waiting say they are prepared to put off buying for more than a year in the hope that prices will fall, with a third of these claiming they would wait for more than five years. Among those who bought a home even though they thought property was overpriced, 11% said they had seen a considerable rise in the value of their property despite buying at what they thought was the top of the market. Overall, 29% of people say they think house prices will fall in the near future, while 55% expect them to stay the same or increase. THE average price of a London home has topped £300,000 for the first time. Mira Bar-Hillel and Jane Padgham, Evening Standard THE average price of a London home has topped £300,000 for the first time. And prices are set to rise further, with two leading estate agents predicting increases of between 3% and 7% next year. Property experts are confident that London has escaped the widely-feared crash. Figures published by the Land Registry show prices rose 4.5% last year - enough to push the average figure to £300,329. The biggest winners were in Haringey, Kensington& Chelsea and Camden, where prices rose by 10%. Brent also did well with a rise of nine% while in Hammersmith & Fulham, Westminster and Hackney, the increase was eight%. The main losers were Merton, where prices fell by 7%, and Enfield, where they dropped by three%. The picture across the rest of London was of prices rising at about the rate of inflation. Over the country as a whole, the average price increased by 3.52% from £187,971 last year to £194,589 now. The only downbeat note was sounded on the number of completed sales, which are lagging well below last year's levels. Sales fell by almost 35% at the beginning of this year but have now recovered and are running at 15% lower than a year ago in London. The Land Registry's research also shows that London accounted for more than half of all sales of over £1m between June and September, taking 634 out of a national total of 1,140. Estate agent Knight Frank predicts an increase of five% next year - twice the national average. In the City 'bonus belt' areas of Chelsea and Mayfair, the increase could be as much as seven%. The optimistic view was echoed by Jim Ward, director of Savills Residential Research, who put the expected growth down to 'the prospect of high city bonuses and continued buoyancy in the financial markets'. He expects growth next year of five% for the 'prime central areas' of the London market. He added: 'We are already seeing price growth in this market, particularly at the top end. We expect the mainstream markets of London and the South-East to see a growth of three' Milan Khatri, chief economist at the Royal Institution of Chartered Surveyors, said: 'Buyers have become more confident as the housing market crash has failed to happen. 'We expect the upturn in housing activity to be sustained, although with further significant interest rate cuts unlikely in the foreseeable future, any housing market boom is quite unlikely.' Jim Buckle, of propertyfinder.com, said most buyers in the capital - and not just those buying top-end homes - are more confident about taking on high levels of debt following the August interest rate cut. He said: 'Homebuyers are now more willing to stretch themselves more in order to borrow enough to afford the property they want. 'People are now borrowing on average 58.5% of the value of the
property, up from just 54% at the beginning of the year.' 10 November 2005 This statistical release presents figures on new house building
starts and completions in England and its regions up to the quarter
ending September 2005. House building figures are also provided
for the other UK countries. During the twelve months to the end of September 2005 in England
there were:
40% OFF PROPERTY ˆ WITH THE BLESSING OF THE TAXMAN!! How to buy a £200,000 home for £120,000 We reveal how as pension 'A-Day' approaches, you could get a 40% discount off any property you buy 6 April 2006 could be the most important day of your life if you've ever dreamt of making your fortune in property. It will mark the most radical reform of the British pensions system in 50 years and is known as A.Day. Safeguard your future with bricks and mortar After this date you will be allowed to put property into your pension for the very first time. Also, even better, you can receive up to 40% off any commercial or residential property you purchase ˆ all with the blessing of the taxman. Buy property at 2001 prices ˆ Courtesy of a Self-Invested Pension Presently, the way to own property in a pension is through an insurance company property fund. From 'A-Day' onwards by the choice of a Self-Invested Pension (SIPP) you will, as an individual, be able to invest in commercial or residential property as part of your pension fund. GET THIS FREE REPORT ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Each month we aim to bring you the Bank of England Interest Base Rate Decision within minutes of it being announced. For information on previous Base Rate decisions, meeting minutes and information about the Bank of England please visit their website at:- http://www.bankofengland.co.uk
The Positive Club The Place Where You Are. The place where life happens is the place where you are. The
place where you build success and achievement is the place where
you are. If you spend your time wishing you were someplace else, then you lose the opportunity to get there. Instead, see the power and the possibilities of the place where you are, and tap into the real value of what you now have. If you fill the place where you are with worry, frustration, anxiety or anger, you put needless limitations on what you can do. Instead, fill this moment, this set of circumstances with joy, love, gratitude and enthusiasm for the positive possibilities. Give the best that you can to the place where you are. For your world is determined not by what you hope to do on some distant someday, but by how you live right here and now. This is the place where you are. Live it for all that it is. -- Ralph Marston Remember
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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 |
