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Category: London UK Property

London UK Property

BNM has maintained OPR. Bank of England too! Same reason?

As soon as the rates are changed higher or lower, banks will have to inform their customers of the change and then inform of the new amount to be paid. This is usually very quickly. When the central bank lowers the interest, they hope businesses will borrow and expand. This decision to borrow and expand will take time. Meanwhile for the people who has Fixed Deposit, the rate cannot be changed and it can only change in the next renewal whether higher or lower.

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Basics - Property Investment

Latest Happenings for UK, Australia, Hong Kong and Singapore property market. Prices are Up or Down?

People ask me what is happening to the local property market. Beyond just our property transaction numbers (which is high and rising), I tell them to look at what’s happening overseas for their reference. If all the advanced property markets are now showing that no one wants to buy a property, then that would also be happening in Malaysia in the near future. If you know of such markets, please do let me know too. I would like to read more as well.

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BNM and Economy

Lower Interest Rates means Higher Property Transactions?

Well, cutting rates usually indicate a slowing down of economic activities or even a potential slowdown in the near future. Thus, instead of cutting 50 basis points later, the central bank may prefer to lengthen this whole process and just cut 25 basis points earlier and another 25 basis points later. Who knows, maybe this 25 basis point could have the right effects on the economy and no further rate cuts are needed?

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ABCs of Property Investment

Economy must do well for house prices to rise, right? I do wonder sometimes…

It’s clear that the UK economy while it’s still growing is not as strong as it seems. However, we need to also know if the supply of housing has been able to keep pace with demands. This, coupled with the fact that sometimes, for some areas we love, we will quickly move in when we realized prices are moving upwards. This is despite the fact that we could have considered some other less popular places which could actually be cheaper! Yeap, this is why home prices are always driven by emotions, especially the Fear of Missing Out (FOMO) which could also happen too.

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london cityscape
London UK Property

REA considering buying Rightmove?

IF you have no idea who is REA or Rightmove, then you may skip this article already. REA Group is a giant for a company of its kind; real estate site. Rightmove is UK’s public listed real estate company. In other words, based on reports from media, a giant from Australia may consider buying a giant from the UK. How they could strategically benefit from this merger and acquisition would depend on a lot of factors but as usual, there may be cost benefits from sharing one team for continuous development of their services.

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london
London UK Property

UK house prices to plunge 20% because of rate hike?

This is the latest news about the AU property market. Read the latest blog post here: Property market Australia showing a drop for the first time since 2018. Negative? It’s impacted by the rise in interest rate. Briefly, interest rate is not so great for the property market. Buyers will find repayments become higher, thus their application may not be approved by the bank. Sellers meanwhile may have to reduce their selling price as buyers are just not so happy to accept the same price as their repayment has been adjusted higher.

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