Real Estate

Britain may become nation of renters within next generation: Halifax

Britain will likely become a country of renters within the next generation as young people's desire to own a home is showing signs of cooling, according to the Halifax Generation Rent Report 2014.

The just published Halifax report said that homeownership would likely decrease in the future as fewer and fewer young people are making their way onto the property ladder.

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Revenue Commissioners Intend to Crack Down on 250,000 Property Owners for not Paying Tax

The Revenue Commissioners who believes that many house owners have not paid their household charges is planning to crack down upon almost 250,000 property owners.

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Persimmon Gains from Government Supported ‘Help To Buy’ Scheme

Persimmon the house construction company said that it has sold more than 5600 houses till now with the help of 'Help to Buy' scheme.

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Investec might be planning to sell Kensington

Investec, a leading lender and asset manager from South Africa, has said that it is planning to sell its UK-based mortgage business Kensington.

The company is aiming to sell its underperforming assets and boost share values.Investec had earlier said that it is planning to sell some of its operations in Australia. The company said that it has already received expression of interest for the UK unit but did not announce the name of the company.

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UK housing process continue to rise, report

Rightmove, which is one of the biggest online property site in the UK, has said that the housing prices are expected to rise at a faster rate than expected.

The website that advertises thousands of properties across the UK has increased its forecast for annual house price inflation from 4.5 per cent to 6 per cent expecting an active autumn season in the country. The report backs concerns expressed by Business Secretary Vince Cable that the country might be headed towards a property bubble.

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