Banks gets richer at the expense of the investors – Property Investment News
Welcome to this week’s property news. Today, we uncover just how much banks are making from us as we’re told of their increased profit margins. We’ll compare SVR to LIBOR and work out exactly how little benefits they’ve passed on to us. One economist spoke up to tell us why she predicts a painful end to the good times. Find out why she thinks public money would be better spent on topping up household wages rather than spending billions more in rescuing the banks. Finally, could the worst be yet to come? Let’s take a look at why economists are still pessimistic about the market and why the public is happy and smiling contrary to that? And is the world economy finally bouncing out of recession? My thoughts for the week is that off plan is definitely starting to make you money. If you want to buy off plan than now is the time. As always if you have any questions or want to have a chat about current opportunities call the team on 0207 812 1255.
Video Rating: 5 / 5
Weekly Property News with Brett Alegre-Wood – 04th November 2009. So why is the YPC team turning into cavemen this November? Ah… the boys have joined Movember to raise awareness of men’s health issues. Come back each week to see who’ll finish with whiskers and who’ll have a full grown moustache. To cheer on your favourite Mo, please visit the Movember website and make your donations. Funds donated will go directly to The Prostate Cancer Charity (TPCC). It’s all for a good cause! This week we see house prices rise for the forth month by 1.2 per cent. Don’t be deceived into selling your home or remortgaging just yet, wait until the market has fully recovered to make it worth your while. An interesting report has come out from Savills to suggest a shortage of over 1 million homes between 2008 and 2020. Find out why this is good for investors. And we ask – so what’s the government doing about this and are developers able to meet demands? Big breaking news as 99% of news feeds focus on breaking up the three major UK banks. RBS, Lloyds Banking Group and Northern Rock are forced to sell to appease regulators in Brussels. What’s fantastic is that these have to be sold to new banks and not to other major players like Barclays and HSBC. Lots of smaller banks, lots of competition, lots more products for us to choose from. Don’t call me bias but the Aussies are doing much better than the UK. We see another rise in interest rates. Find out what they’re doing right and what we’re …
Video Rating: 5 / 5