Councils cut back on new homes targets since planning reforms, claim

Thursday 3rd January 2013

Councils are planning for 272,720 fewer new homes since the abolition of regional planning, says a report.

Local authorities across England have radically reduced their housing targets, according to the Policy Exchange study.

This has contributed to a situation where the Coalition Government could preside over the lowest level of housebuilding since the 1920s, it claims.

Rather than fighting councils, the Government should now work with them to ensure that they deliver the homes their targets propose, argues the document. (more…)

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Large new schemes running out of money, warning

Thursday 3rd January 2013

Funding for development projects in London is drying up, with large schemes running out of money, experts have warned.

While the £14.8bn Crossrail scheme remains on track, concerns are mounting that developers may not be able to reap the benefits of the long-awaited project because of a lack of funding.

Crossrail chairman Terry Morgan, who was speaking at a property seminar hosted by national audit, tax and advisory firm Crowe Clark Whitehill, also said that other infrastructure projects could fail to get off the ground.

The Crossrail scheme is Europe’s largest infrastructure project. Due for completion by the end of 2018, the service will connect some of London’s major transport hubs with business centres across the capital, including Heathrow Airport and Canary Wharf, as well as opening up new links for commuters. (more…)

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House price optimism increases for 2013

Wednesday 2nd January 2013

More people expect house prices to rise than fall over the coming 12 months, according to the latest Halifax Housing Market Confidence tracker.

Nearly four in ten (38%) respondents predict the average UK house price will rise over the next year, whilst less than a fifth of respondents (18%) forecast a decline in prices. (more…)

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MOODY’S DOWNGRADE: A CLOSE LOOK

MOODY’S DOWNGRADE: A CLOSE LOOK
12 October 2012

Dear Insight Reader

Several of our international Insight recipients have asked us to explain the reasons for and the effects of the recent (27 September) downgrading of the South African government’s bond rating from A3 to Baa1 by rating agent Moody’s. Although the downgrade, the first since apartheid, was widely reported in the South African media, there were very few reports which specifically spelt out the reasons for the downgrade. And, obviously, the reasons are of particular importance to investors.

The Moody’s statement said the key drivers of the downgrade included: “(1) Moody’s reassessment of a decline in the government’s institutional strength amidst increased socio-economic stresses and the resulting diminished capacity to manage the growth and competitiveness risks. (2) Shrinking headroom for counter cyclical policy actions, given the deterioration of the government’s debit matrix since 2008, the uncertain revenue prospects and the already-low level of interest rates. (3) The challenges posed by a negative investment climate in light of infrastructure shortfalls, relatively high labour costs despite high employment, and increased concerns aboutSouth Africa’s future political stability.” (more…)

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Why should I use BDB International?

BDB International has been involved in the international property market for the past 10 years. Our experience of Investing in international property has proven fruitful for many an investor. We are here to make sure you have all the information and options available in order to make an informed decision at all times.

We only work with tried and trusted developers, builders and  property management companies who in turn look after your investment. The services we offer are thus not once-off, but rather a continual process to ensure each property reaches its optimal performance in terms of capital appreciation and rental income.

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