News
India’s public debt: Stately progress
12 04 2012

THE politician BR Ambedkar, who helped draft India’s constitution after independence in 1947, said that India’s states were just an “administrative convenience”. If only. Politics has fragmented along state lines. And a 60-year wrestle over money has taken place between the central government and the states, of which there are 28 today. They have some financial independence, accounting for about half of public spending and a third of public debt and typically incurring a third of India’s overall fiscal deficit, which currently sits at 8-9% of GDP and is making investors...

 
Affordability of northern rental markets revealed
03 04 2012

Best of both worlds? Study shows on average tenants pay less and investors earn more in the north of England. Amy Byard does the maths

Newly-published figures show that tenants in the north of England spend five per cent less of their annual income on rent than the national average.

Tenants in the north east, north west and in Yorkshire and the Humber spend on average 26 per cent of their annual income on rent, compared with the national average of 31 per cent, according to the report from Savills' estate agents and...

 
David Cameron launches new right-to-buy scheme for social housing
03 04 2012

Prime minister seeks to renew Margaret Thatcher's legacy by unveiling discount of up to £75,000 on homes for council tenants

David Cameron will seek to rejuvenate one of Margaret Thatcher's main legacies when he declares that two million social tenants could buy their properties with a discount of up to £75,000.

The prime minister, who believes that discounts became "virtually meaningless" over the past decade after they failed to keep pace with property prices, will pledge to give tenants a chance to secure a "vital rung on the...

 
Co-operative raises mortgage costs for 54,000 borrowers
02 04 2012

Bank joins Halifax, Bank of Ireland and Clydesdale and Yorkshire banks in raising its standard variable rate, which will rise to 4.74% in May

The Co-operative Bank has become the latest lender to increase the standard variable rate (SVR) it charges mortgage customers, in a move that will affect more than 54,000 households.

The bank, which will increase its SVR by 0.5 percentage points to 4.74% from 1 May 2012, blamed changing conditions in the mortgage market and the increased cost of funding for the rise, which will add £42 a...

 
Property investors 'should focus on Marrakech'
02 04 2012

Real estate investors who want to pick up a property in Morocco should concentrate their search on Marrakech.

This is the advice of Nik Kapur, director of M2Morocco, who explained the city is one of the best markets to focus on in the nation because it is "the most established tourist destination".

He noted city centre apartments in particular are sought-after among both domestic and international investors, pointing out they present "a good opportunity for both rental income and capital growth".

Mr Kapur went on to say that Marrakech...

 
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