TMK Real Estate SA - Latest Forum Posts https://www.tmkimmo.doodlekit.com/forums en-us High UK property prices makes long term commuting more viable, - tmkImmo <p> High UK property prices makes long term commuting more viable, research suggests</p> <p>It might seem like madness, and expensive, to work in London and live in another major UK city with the commuting costs and travelling time alone onerous.</p> <p>But new research suggest that low cost air travel and lower house prices outside London does make it cheaper to live in another city with good air connections and still work in the capital city even with Mon to Friday accommodation costs taken into account</p> <p>Out of eight cities with direct flights to London living in seven of them would be cheaper in terms of annual mortgage costs with a weekly commute by plane, according to research from online estate agent eMoov.</p> <p>The study compared the average house price between the capital and other short haul flight options around the UK with a direct service into London. It then worked out the total cost of a weekly commute, flying on the Monday morning and returning on the Friday evening, plus four nights’ accommodation either at or close by to the relevant airport, when booked six months in advance.</p> <p>The researchers calculated the average number of working weeks in a year to be 46 and multiplied the cost of weekly travel and accommodation by this figure before working out <br />the average mortgage cost after deposit and the annual payment for both London and the other locations, subtracting the cost of travel and accommodation from the difference, to show which cities UK home owners would be better of living in and commuting to the capital by plane, rather than buying in London.</p> <p>The city offering the biggest annual mortgage saving was Glasgow. With an average house price of just £155,195 the annual mortgage saving compared to London is £21,275. The cost of a weekly round trip into London is £52.98 via Ryan Air for an 80 minute flight, with accommodation bringing the total to just £204.98 a week, or £9,429 a year.</p> <p>The research says it would take 47 years of travelling at this cost before the deficit between the average property price in London and Glasgow was bridged. When removing the travel and accommodation costs from the annual difference in mortgage payments, home owners in Glasgow would still be £11,845 better off a year.</p> <p>Belfast is the second cheapest option for commuters flying into London. A year’s worth of travel and accommodation would be just over £8,000 and the annual mortgage saving is just short of £20,000 when compared to London, resulting in an annual saving of £11,547 for another 80 minute commute into London.</p> <p>Manchester has the third biggest saving across all eight of the cities researched. At £162,970 it’s home to the second lowest average house price and a flight to Heathrow is 65 minutes, with travel and accommodation costing £12,334 annually. When subtracted from the annual mortgage saving when compared to a London property, Manchester home owners would save £8,564 a year.</p> <p>A similar commute from Leeds would result in home owners in the Yorkshire city cashing in on an annual saving of £7,670 on their mortgage, after paying the cost of £12,150 a year for travel and accommodation.</p> <p>Although at 85 minutes each, the flight times from Newcastle and Edinburgh are longer but home owners opting to pay the lower price for a property and commute to the capital by plane could save over £7,000 a year on the cost of their mortgage in both cities.</p> <p>The only one of the eight cities outside of London where home owners would be worse off by commuting in by plane is Exeter. With an Average house price of £259,221 the cost of a mortgage after deposit in Exeter is £233,298 and, when compared to London, the annual mortgage saving is £16,234.</p> <p>However, the return flight from Exeter to London City Airport is the second most expensive of the eight cities at £115 and the cost of staying around London City Airport is also the most expensive of the lot at £320 a week. As a result, the total cost hits £20,055 a year, cancelling out the mortgage saving and making home owners in Exeter £3,820 worse off.</p> <p>‘With London property prices continuing to push aspirational buyers further and further out of the capital, there’s no telling where we might be in 10 years’ time in terms of the commute people will consider if prices continue to climb from the inside out,’ said Russell Quirk, chief executive officer of eMoov.</p> <p>‘The increasing improvement of transport infrastructure across the nation has made commuting larger distances more manageable. We’re not saying commuting by plane is an option for everyone and there are other time requirements to consider in terms of checking in on time. However, as with all new commutes you soon adapt and if it was a choice between 80 minutes stuck on the Central line at rush hour, five hours on a train from Cornwall, or an hour or so in the air, I know which one I would pick,’ he explained.</p> <p>‘When you also consider that you could live in Glasgow or Manchester, where the cost of living and buying is dramatically lower, but still earn a London wage it seems even more attractive. Couple this with the fact that many companies may even foot the travel or accommodation costs and the savings continue to rise,’ he added.</p> <p>Quirk also pointed out that more and more people are working remotely at least part of the week so technology can add to the attractiveness of buying a home hundreds of miles from a London office base.</p> Fri, 07 Oct 2016 16:00:49 -0500 https://www.tmkimmo.doodlekit.com/forums/message/145621 /forums/message/145621 Why PR is new for SEO? - tmkImmo <p>Why PR is new for SEO?</p> <p>Is PR effect on ranking factor and what latest Google upadate version? </p> Fri, 11 Mar 2016 04:15:13 -0600 https://www.tmkimmo.doodlekit.com/forums/message/144985 /forums/message/144985 Many buy to let property investors not put off by UK tax changes - tmkImmo <p> Many buy to let property investors not put off by UK tax changes</p> <p>Image Most property investors in the UK are undeterred from buy to let despite 2016 tax changes and 56% are planning on purchasing within the next 12 months, new research shows.</p> <p>With changes in tax approaching some 40% plan to set up a limited company for their properties to counter the impact of tax changes, whilst 33% plan to raise rents, according to the latest client barometer survey from specialist lender Shawbrook. <br /> <br />However, while the outlook for investors remains positive, new changes to tax relief and stamp duty have caused some investors to check their ambitions. Of the 44% who are not planning on purchasing a new buy to let property this year 37% said it was due to the 20% cap on tax relief for buy to let properties making the proposition unattractive and 16% said the 3% extra stamp duty levy on additional homes was putting them off. <br /> <br />The latest figures also revealed that 49% of clients said they considered regulation to be the biggest challenge facing property investors over the next six months, a significant increase on last year’s barometer results, which found that regulation was something only 23% of investors considered to be the biggest challenge they faced. <br /> <br />Despite these challenges 61% have a positive outlook for the upcoming 12 months, predicting either a large or small increase in property value. In total 43% of landlords saw an increase in tenant demand in 2015 and 61% saw an increase in their rental income. A further 44% are confident that their business will grow in 2016. <br /> <br />‘As a lender it is always great to see such positivity in the market, and as with our Broker Barometer conducted in late 2015, it seems that there is a lot of optimism amongst property professionals also,’ said Karen Bennett, the firm’s sales and marketing director of commercial mortgages.</p> <p>‘Obviously the new changes will have an effect and may instil more caution across the market, however, Shawbrook is well placed to adapt to change, and we are expecting the market to remain buoyant,’ she added.</p> Fri, 11 Mar 2016 04:12:28 -0600 https://www.tmkimmo.doodlekit.com/forums/message/144984 /forums/message/144984 UK private rented sector sees fewer serious arrears and landlor - tmkImmo <p> UK private rented sector sees fewer serious arrears and landlords finances healthy <br />Tuesday, 08 March 2016 <br />Image Tenants in the UK private rented sector are now less likely to suffer from a serious build-up of arrears with just 1.6% of tenancies in this position, the latest research shows.</p> <p>The number who had moved out of series rent arrears improved by 1.5% in the final quarter of 2015 compared to the previous quarter, according to the latest Tenant Arrears Tracker by estate agency chains Your Move and Reeds Rains. <br /> <br />This reverses some of a deteriorating trend throughout the earlier parts of 2015. There were 82,900 households behind on more than two months’ rent, down from 84,200 in the third quarter of 2015. <br /> <br />However, the latest quarterly improvement still represents a worsening on an annual basis. The number of tenants in serious rent arrears remains 19.5% higher than in the final quarter of 2014. <br /> <br />But as a proportion of the entire market, the latest total still represents just 1.6% of tenancies across the UK private rented sector. This compares to a peak proportion of 2.9% of tenants in the first quarter of 2008. The absolute number of tenants in serious arrears is also mild on a historical basis, considerably below the record 116,600 such cases seen in the third quarter of 2012. <br /> <br />According to Adrian Gill, director of estate agents Your Move and Reeds Rains, an individual tenant is still extremely unlikely to fall into serious rent arrears. ‘In fact the proportion of renters getting seriously behind on payments has dropped considerably over the longer term. But absolute numbers are now going the right way too. With fewer people at risk from more serious consequences of struggling to pay the rent, this is great news,’ he said. <br /> <br />The tracker also shows that eviction rates have dropped in response to healthier tenant finances. In the final quarter of 2015 there were a total of 26,676 court orders issued for the eviction of tenants, on a seasonally adjusted basis.</p> <p>This is down marginally by 0.4% compared to the previous quarter when seasonally adjusted eviction orders stood at 26,775. On an annual basis, downward progress for evictions is more considerable, with 5.3% fewer evictions than 28,167 a year before in the fourth quarter of 2014. The latest figures for evictions represent 32% of the stock of tenants in severe arrears in the fourth quarter, meaning only around one in three such cases translate into evictions each quarter. <br /> <br />Landlord finances are the healthiest on record, it also shows. Cases of landlords falling behind on their own financial commitments are diminishing. In the final three months of 2015 there were 5,500 examples of buy to let mortgage arrears, down by 3.5% from 5,700 in the previous quarter and a resumption of downward progress after the figure previously remained the same between the second and third quarter of 2015.</p> <p>On an annual basis, progress for landlords’ finances has been far more considerable. The number of buy to let mortgages in arrears has dropped by 54% since standing at 11,900 cases in the fourth quarter of 2014. <br /> <br />‘Landlords and the buy to let industry have come in for serious criticism over the last year but the overwhelming evidence points to a vital, growing and successful industry. Landlords in the UK are providing more homes to let every month, expanding supply for tenants who avoid any serious problems paying the rent in more than 98% of cases,’ Gill explained.</p> <p>‘When late rent does happen, landlords appear to be extremely flexible in the majority of cases, and eviction orders are decreasingly necessary. Buy to let mortgages are also increasingly reliable for lenders, as landlords are ever less likely to fall into arrears themselves,’ he added. <br /> <br />He pointed out that rising rents are a signal that demand is there for even more homes to let. ‘In a purchase market that increasingly favours sellers, demand from would be first time buyers will continue to grow even faster for rented homes,’ he said.</p> <p>‘Additional investment from landlords should be welcomed. Yet the government’s looming Stamp Duty surcharge, which explicitly punishes investment in new buy to let properties, could damage supply of additional homes to let and potentially disrupt the relative balance of the modern buy to let industry,’ Gill concluded.</p> <p>Best Regards <br />Tomasz Borowiecki <br />NextCars - World Group <br />Account Manager <br />e-mail: <a href="mailto:tomasz@nextcars-group.com">tomasz@nextcars-group.com</a> <br />Our Websites Network: <br /><a href="http://next-cars24.com/">http://next-cars24.com/</a> <br /><a href="http://uk.next-cars24.com/">http://uk.next-cars24.com/</a> <br /><a href="http://fr.next-cars24.com/">http://fr.next-cars24.com/</a> <br /><a href="http://de.next-cars24.com/">http://de.next-cars24.com/</a> </p> Fri, 11 Mar 2016 04:11:42 -0600 https://www.tmkimmo.doodlekit.com/forums/message/144983 /forums/message/144983 Global office property market fundamentals improved in final qu - tmkImmo <p> Global office property market fundamentals improved in final quarter of 2015 <br />Monday, 07 March 2016 <br />Image Office market fundamentals continued to improve in the final quarter of 2015 across all global regions, with buoyant leasing activity and tightening supply supporting an acceleration in rental growth.</p> <p>Indeed, rents on prime office assets across the 95 major markets covered by the JLL Global Office Index increased by 3.7% year on year in the final three months of 2015, the fastest annual pace of growth in four years.</p> <p>The index data also shows that quarter on quarter rents rose by 1.3%, compared to 1.2% in the previous quarter. Despite economic and geopolitical concerns, corporate occupiers remain in growth mode and there will continue to be progress towards expansion demand as tenants move away from cost containment, consolidation and renewals, the report says.</p> <p>It also points out that strengthening global occupier demand and a modest increase in new deliveries will drive further rental uplift as demand expands to a more diversified range of cities and JLL predicts prime rental growth of around 4% for the full 12 months of 2016.</p> <p>On a regional basis the Americas Index grew by 0.8% in the fourth quarter of 2015, slower than the 1.6% growth in the third quarter as weaker conditions in Latin America and Canada dragged on strong gains in the US</p> <p>In Asia Pacific quarterly rental increases accelerated to 1.3% from 0.6% in the previous quarter and this was supported by broad based demand in a number of markets with outsourcing and offshoring, technology and financials particularly active.</p> <p>Europe saw quarterly rental growth slow to 0.8% from 1.5% in the third quarter, weighed down by the weak performance of Paris and Moscow, two of Europe’s largest markets.</p> <p>The MENA Index rose by 7.4% during notably faster than the 1% recorded in the third quarter. Rental growth was confined to Dubai, with all other markets stable over the quarter.</p> <p>In terms of market performance the San Francisco Bay Area continues to feature prominently among the leading markets, with Oakland East Bay heading the global ranking with 31.6% annual growth, San Francisco Peninsula up 29.8% and Silicon Valley up 12.3%.</p> <p>Other US cities in the top tier include Denver with growth of 19.9% year on year, Atlanta up 15.4%, Charlotte up 13.5% and San Diego up 12%.</p> <p>Elsewhere in the Americas, weak commodity markets, oversupply and ongoing economic volatility have pushed down rents in many Latin American cities including Monterrey with a fall of 3%, Sao Paulo down 5.4% and Rio de Janeiro down 12.5%, while Calgary with a plummet of 20.2% registered the largest annual decline globally due to the continued downturn in the energy markets.</p> <p>In Asia Pacific Chinese financials drove Hong Kong rents up 13.3% on an annualised basis followed closely by Sydney with growth of 13% where demand was broader. Substantial growth was also recorded in Bengaluru at 10.1%, Wellington at 9.9%, Shanghai at 9.4% and Tokyo at 7.6%. Weak economic conditions coupled with a large supply pipeline saw Singapore rents decline 10.5% in 2015.</p> <p>Rental performance across Australian markets was bifurcated. Together with Sydney, annual rental uplifts were recorded in Melbourne at 1.4% and Canberra at 1.6%. At the same time, high vacancy rates contributed to annual declines in Perth of 19.4%, Adelaide 10.6% and Brisbane 4.7%.</p> <p>European and MENA markets were led by Dublin with year on year growth of 25%, Stockholm up 15.6%, Dubai up15.2% and Barcelona up 12.7%. However, uncertainty and currency volatility in Russia pushed Moscow rents down by 11.1% over the year. The Hague, Paris and Warsaw also recorded rental decreases of 2% to 7.5% on an annual basis.</p> <p>The report says that despite global economic headwinds, market fundamentals are improving across all major global regions, and corporate occupiers remain in growth mode. As a consequence, global office leasing volumes are forecast to be around 5% higher over the next year.</p> <p>‘With a modest increase in new deliveries expected, a further fall in the global vacancy rate is in prospect, particularly in the U.S. and Europe. Strengthening global occupier demand and tightening supply will contribute to further rental uplift, which is anticipated to reach around 4% for 2016, it points out.</p> <p>It also says that after a solid 19% growth in 2015, Asia Pacific office leasing volumes are projected to increase by an additional 15% in 2016. Despite the uptick in rents observed in the fourth quarter of 2015, overall rental growth is likely to taper this year with none of the major markets expected to see double-digit rental growth.</p> <p>Sydney and Tokyo are forecast to see the strongest rental uplifts in 2016, while Singapore and a few Australian cities may see further declines due to muted tenant demand and/or upcoming supply.</p> <p>In Europe, the upward momentum in leasing activity registered in Q4 2015 is expected to be maintained into 2016 as a more widespread recovery takes hold. In cities such as London, Dublin, Berlin and Munich, constraints in the most sought after locations are forcing occupiers to widen their search to high quality space in well-connected areas.</p> <p>‘This is causing demand to spill over into secondary areas, often supporting rental growth in these submarkets, and this increased occupier mobility is likely to become more prevalent across Western Europe during 2016,’ the report explains.</p> <p>Rental growth of 2% to 3% a year is projected for prime European offices in both 2016 and 2017 and the report says there is some upside potential, in the case of a more pronounced and extensive demand side recovery.</p> <p>‘We foresee rental growth in London outperforming the European average in the year ahead, but growth rates are forecast to ease from their recent levels,’ the report adds.</p> <p>The Americas Office Index is anticipated to see the pace of growth increase through 2016. Expansion in professional and business services employment is expected to strengthen and spread across the US through 2016 and 2017, fuelling demand for office space in a more diversified set of markets.</p> <p>‘Sustained tenant demand will give landlords leverage to raise rents further, while new quality space will set higher rental benchmarks. In addition, the most severe declines in several markets outside the US are likely to be past. As a result, the Americas Office Index is poised to accelerate to at least 6% growth on an annual basis by year end,’ the report says.</p> <p>Prime rents are projected to remain stable in MENA over 2016 as most of the region’s office markets continue to be tenant favourable in the face of significant areas of new supply and uncertainties over the strength of occupier demand.</p> <p>The report concludes that the ‘flight to quality’ witnessed in the fourth quarter of 2015 is expected to carry on, resulting in two tier markets with more robust demand for Grade A space and limited interest in secondary locations.</p> Fri, 11 Mar 2016 04:10:25 -0600 https://www.tmkimmo.doodlekit.com/forums/message/144982 /forums/message/144982 Property lenders in UK ready for new European wide mortgage dire - tmkImmo <p>Property lenders in UK ready for new European wide mortgage directive later this month <br />Monday, 07 March 2016 <br />Image UK lenders are ahead of most of their European counterparts in implementing the mortgage credit directive (MCD), a process that is due to be formally completed on 21 March.</p> <p>With UK firms having been given the opportunity to adopt the revised rules up to six months early, many have chosen this option and are therefore already complying with the directive’s requirements.</p> <p>In practice, borrowers will notice few changes in the process of taking out a mortgage as we pass the MCD implementation date, according to the Council of Mortgage Lenders (CML) which does not expect the move to have any significant effects on the market or on the availability of mortgages.</p> <p>However, in a report, the CML says that over time, borrowers may notice changes in the disclosure documents presented to them by lenders when they are considering taking out a new mortgage. Other changes as a result of the directive include the creation of a new class of consumer buy to let borrowing, sometimes abbreviated to CBTL, as well as modifications affecting foreign currency loans and second charge lending.</p> <p>It points out that in many ways, implementation of the directive in other European countries will align them with standards already applying in the UK, where the mortgage industry has been operating for the last two years under a system of enhanced consumer protection following the mortgage market review (MMR).</p> <p>Nonetheless, the UK, like other EU countries, is required to implement the MCD, which is intended to set minimum regulatory requirements across Europe.</p> <p>An assessment from the European Mortgage Federation (EMF) of how different countries were working towards implementation the directive said that the MMR in the UK already went beyond the core provisions of the MCD.</p> <p>The EMF also estimated that many firms in the UK were six months ahead of most of their European counterparts on implementation. Firms in Belgium and Denmark had also made rapid progress, and had almost completed the process of adopting the directive by last autumn.</p> <p>At that stage, the EMF was predicting that a handful of European states, including Finland, Latvia, Portugal, Slovenia and Malta, might not meet the 21 March deadline. But all of those countries were expected to have adopted the directive within four to eight weeks thereafter.</p> <p>Government, regulators and firms in the UK have all supported the adoption of the MCD, even though consumer protection in this country has already been comprehensively re-appraised and reinforced through the MMR and the directive does little in practice to extend protection for UK borrowers.</p> <p>The process of implementing the MCD has been overseen by HM Treasury, although the rules will be supervised by the Financial Conduct Authority (FCA).</p> <p>The CML report also points out that the transition towards implementation of the MCD has been smoothed by the decision to give lenders a six month window, within which they have been able to adopt the directive’s measures to their own timetable. This means that firms have, in effect, been allowed to operate within the requirements of the directive since last September. This has helped reduce any broader, cumulative effects on the mortgage market as a consequence of every firm having to work to implementation on the same date.</p> <p>One change that borrowers will notice over time is in the way in which information is presented to them as part of the sales process. Consumers who have become familiar with the UK’s ‘key facts’ illustration (KFI) will gradually see it replaced by the European standardised information sheet (ESIS).</p> <p>The EMF has described the introduction of the ESIS as ‘a bone of contention’ in the UK, given that consumers are already familiar with the KFI. But by 2019, the process of transition to ESIS will be complete. Until then, many firms will continue use the KFI, as they have to make significant changes to systems, staff training and other processes in order to adopt the ESIS.</p> <p>But even if lenders stick with the KFI for now, they will have to introduce a topped up version of the document, showing to borrowers what the monthly repayment cost of a mortgage would be if interest rates were to rise to a 20 year high. Firms can do this either by applying their own rate, or one specified by the FCA reflecting the Bank of England base rate.</p> <p>This requirement has been an unexpected late twist in the preparations for lenders for, although the FCA set out this requirement in its original consultation on the MCD, it inadvertently omitted it in later documents setting out the rules, the CML explained. <br /> <br />The FCA subsequently rectified this, but only in January, when it published the consultation paper, Mortgage Credit Directive: Minor changes to our rules and guidance. ‘We were disappointed that this change was set out so late in the process. Despite this, however, many firms are on track to fulfil the requirement,’ said a CML spokesman.</p> <p>Buy to let mortgages are not generally subject to conduct regulation in the UK because they are used to finance investment decisions by landlords who buy a house as a business. They are therefore seen as fundamentally different to a residential mortgage. But the MCD introduces the new category and concept of consumer buy to let lending, which will be regulated.</p> <p>In future, there will therefore be a distinction between professional landlords, who take out buy to let mortgages for business reasons, and so called ‘accidental’ landlords who have taken out a loan for a property they are renting out but not wholly or predominantly for the purposes of a business. <br /> <br />The report explained that the intention is that people who may be planning to let out a property they have inherited, or a home they have previously lived in, will count as a consumer buy to let borrower, whose loan will be regulated by the FCA.</p> <p>Lenders will have to interpret this, and decide on a case by case basis, how to treat individual customers. Estimates vary about the proportion of buy to let mortgages that will be consumer loans, but the number will be small. Most buy to let mortgages will be unaffected.</p> <p>Lenders offering mortgages that a borrower can repay in a foreign currency will have new requirements under the directive. They will have to monitor the rate of exchange between the currency in which borrowers pay their mortgages and that in which they receive their incomes. They will also have to warn customers about their level of exposure and, if the two currencies fluctuate beyond a certain limit, the lender would have to offer the borrower the option of switching currency.</p> <p>The directive also introduces new rules about binding offers and a period of refection for the consumer. Once a lender has made an offer, it can only be withdrawn if the information provided by the customer is inaccurate. Customers will also have a seven day reflection period, during which they are free to accept or reject the mortgage offer. Borrowers must be told in a timely manner if their mortgage application is declined.</p> Fri, 11 Mar 2016 04:09:39 -0600 https://www.tmkimmo.doodlekit.com/forums/message/144981 /forums/message/144981 Internal Link Building on Blog - tmkImmo <p>Internal Link Building on Blog</p> <p>Hey Everyone,</p> <p>Curious what the best practices are for linking in blogs. Many of my older blogs have text links which are pointed to internal pages. What is the recommendation with these, should they be removed, changed to no follow, left alone,etc.?</p> <p>Thanks! </p> Fri, 11 Mar 2016 04:07:07 -0600 https://www.tmkimmo.doodlekit.com/forums/message/144980 /forums/message/144980 Real Estate & Property - tmkImmo <p>Real Estate & Property</p> <p>Epic RealEstate is a real estate company that will help you choose your investment in real estate.How to invest? Where to invest? These are the most difficult questions we worried about.You can ask any question related real estate investments. </p> Fri, 11 Mar 2016 04:06:02 -0600 https://www.tmkimmo.doodlekit.com/forums/message/144979 /forums/message/144979