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The property news stories that are engaging us today in the UK...

By
Services for Real Estate Pros with Globrix
  • Monthly outgoings soar 26%. According to Combined Insurance, the amount people spend on bills and living costs has risen from a monthly average of £945 in June 2006 to £1,281 today. Higher energy and housing costs take the brunt of the blame, personally I’m finding increasingly expensive Starbucks visits to be the root of my money troubles. Why I pay over £3 a day for a tall mocha light Crackuccino is beyond me. Read more at MSN.
  • 5 things to look out for as the housing market and UK economy gets sadder. Repossessions and laughable help for mortgage payers being just a couple of them. Read more at Fool.
  • A Hertfordshire estate agent is banned from working in estate agency. There obviously is some level of regulation after all. Read the OFT statement here.
  • Online newspapers continue to save the day as classified sales diminish. US classifieds sales were off by nearly 25% in Q1 according to this post, but traffic to online newspaper sites is growing, as are online revenues. It’s an American article, but the same story is happening here on our little island. Read more at Screenwerk.
  • Roman Abramovich buys luxury property in Israel. Apparently he bid £15 million for his latest pad, if the rumours are true then this will be a new record for Israeli property. I’ll be in Tel Aviv in September Roman, if you need a (relatively) tidy roommate then I’m your girl. Read more at The Times.
  • Contextual advertising is everything. If you’re looking at properties online then you’re likely to see an add for a removal company, utility company, financial company etc etc. But contextual ads can go very, very wrong…