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Archive for May, 2010

More about UK Property

Monday, May 24th, 2010

To buy the UK properties is not so easy. This process involves broad range of measures both before a purchase and sale transaction, and executing a transaction. Therewith the UK real estate properties is a safe investment and even though you do not want to live there, property in the UK are considered to be a successful investment. In the UK there are two basic types of tenancy: leasehold and freehold. In the first instance you can sell your home and land. In the latter case you can find property and your right to use the building is limited to a certain period.

The prices of sold houses in leasehold directly depend on the remaining period of leasehold and this period can be even more than 100 years. Of course, freehold is more profitable than leasehold. But the problem is lack of property for sale in the UK. If you want to find homes for sale, you have to take into account accompanying costs. They are a stamp duty, which varies from 1 to 4 per cents of property price, contract notification, legal fee, property finder’s fee, etc. If you look for property to rent, be ready to pay taxes, too. Foreign citizens have the right to buy and rent any type of property. Legal system of UK does not impose any limitations on foreigners buying property there.

The status of the capital city of one of the most affluent countries in the world results in high prices. Thus, in the best parts of London the price per square meter varies from £ 8 thousand to £ 30-40 thousand. If you do not want to buy real estate in the capital of the United Kingdom, there is wide variety of flats to rent in London. But competition among tenants is severe. That is why, your advise experts not to be slow, if you found the property of your dream.

Advantages of Renting Office Space Over Buying

Monday, May 24th, 2010

Buying a plush office used to be a status symbol for a lot of businesses, a way of illustrating that they had ”made it” or ”had arrived” and were now big players. This ethos worked for a lot of companies but for many others it has helped contribute to their downfall or caused major worries in times of financial crisis. Of course the benefits of buying property should not be ignored but in the current climate and following the country’s economic downturn and the recession that has hit over the past couple of years, renting office space has proved to be a blessing for many businesses.

For many small businesses, renting office space rather than buying has saved them from going under and where renting used to be thought of as throwing money away as opposed to buying, more and more people are now choosing the option of renting office space. The benefits of buying premises rather than renting office space are that if you pay a mortgage you will eventually own the premises and if the economic climate improves it will be worth more than you originally paid for it so you could make a substantial profit.

Renting office space in the current UK climate though seems to have far more benefits over buying, you can get state of the art premises for your business that you may not have been able to afford otherwise and the facilities are likely to be better than in older buildings. Office space can be tailored to perfectly suit your needs, from size to amenities, offices or factory space and other services such as furniture, telephones, broadband access and meeting room facilities plus one of the main benefits is the flexible lease terms. Should your company fall on hard times, you need to make cut backs and save money or you decide you need smaller or larger premises or a different location, having a flexible lease agreement rather than having to sell your premises before you can move are major benefits.