The recent floods in England have been the worst in living memory. Last month, the worst effected areas have been in South Yorkshire and Hull. More recently the floods have hit the south West. Towns near the River Severn, such as Gloucester, Tewkesbury and Cheltenham have also seen devastating floods. Rising river levels along the [...]
Cheapest House Prices in the UK.
With average UK house prices approaching £200,000 many first time buyers despair of every getting on the property ladder. Also, there seems little scope for making future capital gains. However, if we look around we become aware that house prices can fluctuate significantly for the sake of only a few miles. The Independent recently identified [...]
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House Prices and The Generation Gap
Rising house prices have given tremendous joy to a generation of home owners. Those who bought house prices back in the 1970s have seen their investment rise faster than inflation, earnings, the stock market and most people’s wildest expectations. (253% increase since 1993) [i] These rise in house prices have given significant benefits to this [...]
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Wealth or Income: Which is more Important?
When we wish increase our financial well being, should we be trying to increase our income or wealth? Income is the monthly or weekly flow that we can actually spend. This is what directly affects our living standards. Wealth is our value of assets; to some extent, they can be used to generate income. However, [...]
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Money and the Law of Attraction.
There is an ancient Indian tradition that if you see a penny on the floor you should pick it up and offer thanks to Lakshmi, the Goddess of prosperity. If we value even a penny it is said that Lakshmi will reciprocate our care and bless us with financial prosperity. We may not believe in [...]
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Increase in Supply of Houses Promised
Gordon Brown promises 3 million New Homes will be built by 2020. At the moment the UK has one of the lowest house building rates since the second world war. To increase the rate by 40,000 a year may cost the Chancellor upto £10 billion in social housing costs. The increase in housing supply is [...]
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Affordable Housing Plans in UK
The new UK Prime Minister Gordon Brown has pledged that increasing the amount of affordable housing will be a prime target of the UK government. Affordable housing has become an important political issue, in recent years. It stems from the rapid rise in house prices, making it increasingly difficult for first time buyers to get [...]
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Tips on how to reduce the cost of Running a House.
1. Reduce Heating and Air Conditioning. Heating and air conditioning can be a big cost of running a house. Changing the thermometer by 1 or 2 degrees can make a big impact on fuel bills. As well as reducing the temperature you should also look at changing the timer. For example, make sure the A/C [...]
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Buying a House on a Credit Card
Buying a house on a credit card may sound a ridiculous idea, but to some extent, this is what I ended up doing myself. Actually what happened, is that in the process of buying a house my credit card debt went from 0 to £4,000 and this enable me to pay all the various extra [...]
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Average UK House Prices
Average UK House prices in June 2007 were £210,578 The average price for a detached house rose to £323,332 Although growth slowed in the last quarter, annual house price inflation in the UK is running at just under 10% (9.25%) Forecasts for next years house prices are mixed. Some consider the shortage of supply means [...]
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