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'By the way think the site is great and have been to quite a few auctions St Albans, Watford & Bedford. I am making a nice little second income, but certainly not retiring, am going to take a week off work to check out the midweek sales to see if goods are any cheaper at these.

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Welcome to The FREE, Hot Property Investor Newsletter

This Week:

Property Auctions This Week
New neighbourhood information websites 'risk widening the gap between rich and poor'
Big Rise in Coastal House Prices
House prices down again in August
A second home in the sun in Costa Del Blighty
Positive Club

Back to Government Auctions Newsletter Page Back to archive
 

Hi, PLEASE NOTE THAT THIS INFORMATION APPEARS IN THE NEWS SECTION AT THE MEMBERS' AREA AT HOT PROPERTY INVESTOR AS SOON AS WE RECEIVE IT. FULL DETAILS ABOUT EACH AUCTIONEEER CAN BE FOUND AT THE SITE.

The HPI Newsletter is our regular FREE bulletin designed to keep you updated with news, latest sales, auction results and general pieces of interesting property information that have occurred throughout the week. This is a supplement to information contained in the main Hot Property Investor Database and is an additional service. Please Read On...


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Public Sales

More information and full contact details for all the following sales are available in the database - just type in the name of the auctioneer of your choice into the search facility. If you are a member of GAUK please note that the following information is available in the news section as soon as we get it

Bradleys Estate Agents, South West

Collective Property Auction
28th September
- Hotel Barcelona, Exeter - 2pm

Auction list available on line now www.bradleys-estate-agents.co.uk

For further details please contact

Bradleys Auction Department
Main Road, Exminster, Devon, EX6 8BR
Telephone : 01392 833411
Fax : 01392 833477

Email: auctions@beagroup.co.uk

Jordan Auctions, Co.Kildare,Ireland.
http://www.jordan-auctioneers.ie

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.
Property Auction on 26th September 2005 to be held at The Danubius Hotel Regents Park, 18 Lodge Road, St Johns Wood, London NW8 7JT.
Auction Starting at 2:00 pm
http://www.mchughandco.com

Miller Metcalf
29th September, 2005
Property Auction To be held at:
The David Lloyd Club, Chorley Street,
Bolton BL1 4AL commencing 2pm prompt
Enquiries prior to auction 01204 525252
Full catalogue available on line nearer date
e.mail estateagents@millermetcalfe.co.uk
http://www.millermetcalfe.co.uk

Halls
Wednesday, 14th September, 2005
Land & Property Auction to be held at
The Gainsborough House Hotel, Bewdley Hill, Kidderminster at 6.00 p.m.
e.mail Kidderminster@hallsestateagents.co.uk
http://www.hallsestateagents.co.uk

 

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News

New neighbourhood information websites 'risk widening the gap between rich and poor'

A new generation of internet information services that enable house hunters to select their 'ideal' neighbourhood have the potential to widen the divide between the richest and poorest places in Britain.

A report for the Joseph Rowntree Foundation warns that sophisticated new Internet-based Neighbourhood Information Systems (IBNIS) could lead to a more segregated society by not only guiding buyers to the best schools or lowest crime figures, but also helping them choose areas with the kind of existing residents they would most want as neighbours.

In the United States, IBNIS already enable users to search for neighbourhoods that match their prioritised criteria, using extensive, zip-coded data sets compiled by market research companies. Equivalent websites in the UK do not yet offer neighbourhood searches by ranked characteristics, but a number of commercial sites feature information collected by postcode; while the Government's own Neighbourhood Statistics website provides statistical, demographic and environmental information on neighbourhoods. 'Joke' sites, such as those listing 'crap' or 'chav' towns, also claim to capture the social characteristics of different areas, most often in negative terms.

Professor Roger Burrows, who led the research team from the Universities of York and Durham, said: "We already have a 'digital divide' in Britain between those whose internet access makes them information-rich and those whose inability to afford computers or fast web connections makes them information-poor. But it seems only a matter of time before the kind of powerful neighbourhood search sites available in the United States start to reinforce the divide between the more and less prosperous locations in the UK. This is potentially worrying. Given what we know about the benefits of mixed-income communities in promoting social cohesion, it is important that greater public access to the 'social sorting' technology used by market research does not pull in the opposite direction and lead to even greater segregation between communities."

The research, based on an analysis of existing website services and interviews with providers, users and other stakeholders, found four main types of IBNIS site:

* Commercial websites offering neighbourhood information to attract sponsors and advertising relating to different places and locations.
* Sites that serve the marketing industry with geo-demographic data that can be used to target selected consumers. A growing number are pursuing the market for their 'segmentation' services among consumers.
* Sites providing data on neighbourhoods for policy makers and researchers working at national, regional or local level. These are used to plan regeneration initiatives and other social programmes, but their content is of increasing interest to the wider public.
* 'Social software sites' run by charities, political groups and community organisations that offer detailed neighbourhood information as a resource for community development work, environmental improvement, or campaign activities.

Professor Burrows said: "The technology available can not only sort people according to basic data such as their incomes, but also according to individual tastes, consumer preferences, lifestyle habits and so on. Until recently these 'segmentation' processes have been largely invisible to the public, but with the emergence of IBNIS it is entirely possible that people will start using them to 'sort themselves out' into neighbourhoods where their neighbours are less diverse and more like themselves."

He added: "While no one would want to prevent public access to neighbourhood information, we should recognise the potential implications for disadvantaged neighbourhoods and the people who live in them. At a minimum it would be sensible to insist that IBNIS websites specify their sources and make it clear how their information was compiled. We also recommend that local people are given opportunities to challenge the way their neighbourhoods are being portrayed, if necessary."  

Big Rise in Coastal House Prices

Property prices in coastal areas have shown greater increases than the rest of the UK, according to a survey of the past 10 years by Halifax Estate Agents.

The report said that many homeowners are willing to "pay a premium" in order to be able to live near the sea.

It found that two-thirds of the 75 seaside towns surveyed had seen house prices rise faster than the UK's average of 186% over the past decade.

Of the top 20 percentage rises, 17 were in the South East and South West.

In Falmouth and Penzance, both in Cornwall, the average property price in 2005 was more than four times that of 1995.

Brancaster in Norfolk and Brighton in East Sussex both had increases of more than 280%.

Coastal towns in Kent, Dorset and Hampshire, as well as Llandudno and Colwyn Bay in Wales, also figured in Halifax's top 20 of house price rises.

Property prices in nearly half of the 75 seaside towns surveyed at least trebled over the 10-year period.

Over the past 12 months, however, the rapid increases in prices have shifted to northern coastal towns.

A spokesman for Halifax said the change reflected a national trend of the North playing catch-up with the South over house prices.

The research also revealed Sandbanks in Dorset to be the most expensive seaside resort, with the average property selling for £531,280.

The most affordable seaside town was said to be Hartlepool in the North East, with an average property price of £77,557.

UK seaside towns with greatest house price rises, 1995-2005

Falmouth, Cornwall - 311.5%

Penzance, Cornwall - 302.2%

Brancaster, Norfolk- 287%

Brighton, East Sussex - 284%

Mevagissey, Cornwall - 265.4%

Hastings, East Sussex - 255.9%

Bideford, Devon - 251.1%

Whitstable, Kent - 250.3%

Brixham, Devon - 246.1%

Hythe, Kent - 242.5%

House prices down again in August

House prices fell again in August, with the interest rate cut at the start of the month appearing to do little to revive the marketplace, figures show. The average cost of a property in England and Wales fell by 0.1% in August, according to property website Hometrack. Prices fell by 0.2% in July.

It is the 14th month in succession that property prices have gone down.

Hometrack says prices have now fallen by 3.7% over the last year. Interest rates were lowered to 4.5% on 4 August. The Bank of England reduced the base rate by one quarter of a percent, the first change since August last year.

The average cost of a property in England and Wales is now £161,000, almost £7,000 less than in June 2004.

Buyers' market

"House prices have failed to respond to the recent interest rate cut and continue their stagnating negative trend, which has now gone on for well over a year," said Hometrack's housing economist John Wriglesworth.

"While transactions have picked up a little this month, a further reduction in new buyers and a further increase in supply suggests no prospect of price rises in the near future." Mr Wriglesworth added that buyers were now generally seeking discounts of more than 6% of a property's asking price.

Only three areas across England and Wales saw prices increase during August - Leicestershire (by 0.8%), east London (0.1%) and the West Midlands (also 0.1%).

Prices remained level in 21 counties and fell in 33, with Avon seeing the biggest decline - down 0.6%.

It was followed by Buckinghamshire, Bedfordshire, West Sussex and Surrey.

A second home in the sun in Costa Del Blighty

A house in the sun could soon mean a second home on the coast of Britain rather than the Costa del Sol, research has claimed.

The UK's second home market will grow by £53bn ($95bn) over the next decade, according to a report by Direct Line and the Centre for Future studies.

The number of people buying UK second homes will rise by 24% to 405,000, 156,000 more than abroad, it said.

A warming climate will mean more holiday homes in the UK, it added.

"With roughly 328,000 Britons currently owning a second home in the UK - compared to 178,000 who own properties overseas - our report shows that many thousands of buyers will choose to invest in the UK rather than overseas in the next decade," said Andrew Lowe, home insurance chief at Direct Line.

Finance boost

With Britons expected to become 73% richer over the coming decade, the report expects that more than a quarter of second-home buyers will purchase their additional properties with their savings.

One in 10 will fund their new abode through inheritance, while a fifth will remortgage their current property.

The study forecast that popular hotspots for holiday homes will include Beckhurst in Sussex, Mull on the west coast of Scotland and the Northumberland coast.

Gradual climate change in the UK - the Environment Agency predicts temperatures in southern England will eventually be closer to conditions in southern France - is one driver expected to keep buyers in the UK.

Convenient travel and the lack of a language barrier were other factors.

Location, location

As well as the 'Costa del Blighty' becoming more attractive, changing tastes and lifestyles could see a whole new set of unlikely property hotspots springing up.

These include Bradford city centre, east London and the Scottish borders, where the report's authors expect people to snap up second properties "as an investment".

"A strong economy, warming climate and a regenerated urban landscape are the key factors set to make Britain more attractive than ever as a second home location," Mr Lowe said.

Employees keen to end the grind of a daily commute will also prompt buyers to snap up a city pad as a base for work, the report added.

A strong economy, warming climate and a regenerated urban landscape are the key factors set to make Britain more attractive than ever as a second home location

Andrew Lowe, Direct Line


The Positive Club

" Success is knowing what you are made up of, in spite of what occurs to you. Greatness is a function of who you are and what you have. The difference between you and your place of glory is an event. Great men have dreams; great dreams rule the world. You are only a thought away from your dream and a step away from your greatness. Take a walk Sir!"

-- Bassey Ndon

"If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours...If you have built castles in the air, your work need not be lost; that is where they should be. Now put foundations under them."

-- Henry David Thoreau

"It is the Law that any difficulties that can come to you at any time, no matter what they are, must be exactly what you need most at the moment, to enable you to take the next step forward by overcoming them. The only real misfortune, the only real tragedy, comes when we suffer without learning the lesson." --

Emmet Fox


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Kind regards
Hot Property Investor Team