Traditionally, paying off the mortgage before beginning retirement has been the aim of many individuals, in order to ease the draining burden of paying off a mortgage during the ‘golden years.’ Yet new analysis of ONS census data shows that one in every four of retired households across England and Wales currently pays rent for […]
Pensioners forced to sell homes to fund retirement
August 26, 2013
Over a quarter of struggling British homeowners aged over 65 plan to sell their properties to raise extra income, research from Prudential shows. Wealth gained from property sales can be a substantial source of income for retirees. These findings indicate that nearly 2.5 million people would stand to make around £62,000 each by downsizing or […]
US House Prices Are Building Up, Say Realtors
May 30, 2013
Real estate sales and prices in the US are on the up but tight credit and limited inventory are holding back demand, says the National Association of Realtors (NAR). Their index reveals that most regions in America have seen strong price gains compared to a year ago and sales have increased by 0.6% to nearly […]
Latvian House Price Crash Blamed On Russian Speculators
April 27, 2013
Russian property speculators are blamed for Latvia’s boom and bust housing market. Latvia enjoyed years of double digit growth in house prices until the market began to weaken in 2007. That’s when prices dropped by 5% on the year previously before crashing by 30% in 2008 and then by an astonishing 42% in 2009. There […]
Danger Signs As Swiss Property Market Bubbles Along
April 23, 2013
Fears are rising that the booming real estate market in Switzerland is over-heating after the government stepped in with cooling measures. With strong demand for residential property coupled with historic low interest rates on mortgages, the strong seller’s market looks set to continue through 2013. Even with the cooling measures in place, property analysts are […]
