Posts Under ‘Legal’ Category

The Real Estate Of London With The Eyes Of Large Finance Companies

CBRE’s International Corporation, one of the world’s largest companies in the field of real estate, predicts the reduction in the volume of transactions and the deceleration of price growth in the UK real estate as a result of the tightening of mortgage conditions and prospects of higher interest rates. But the steady growth of the economy and recent developments relating to stamp duty, must balance these trends. Stable domestic demand and a shortage of supply are regarded to as key factors underlying the rise in prices. The research team sees no reason to worry after May elections, hinting there are no serious prerequisites for drastic changes.

Taking this all into account, CBRE’s predicts a rise in prices for UK property by 25% over the next five years (starting with the growth of 6% per year approximately), and London will remain the leader in terms of pricing growth with approximately 31% growth. Outside the capital, according to CBRE’s, the strongest and most promising markets will be the Southeast, Southwest and East of England.

Property prices in London in 2020 will be at about 80% above their peak before the financial crisis, forecasts BNP Paribas – a European leader in global banking and financial services company. In London, according to calculations of BNP Paribas, prices will rise this year by 10% due to the favorable situation in the sphere of business and financial services. But in the period of 2016-2019 years the growth rate will slow down to somewhat 6.2% annually (7.6% per year in the whole of the UK over the next four years). The expenses associated with acquiring real estate will grow with an increase in legal services – conveyancing solicitors services are going to surge by 10% during the next 5 years.

The risks of drink driving charges is there… even if you don’t actually drive

Each year more than 100,000 drivers are stopped by police stops with the level of alcohol exceeding 35 mgr in 100 ml of breath. The outcome of drink driving can be costly: a fine up to 5000 pounds can be issued, not to mention a disqualification of up to 3 years. In case of serious offences from 3 months to 14 years of imprisonment can be imposed. read more