Latest Self Storage news

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Brits buying abroad and renting at home, experts reveal

With house prices in the UK remaining out of the reach of thousands of Britons, growing numbers are opting to rent at home and get on the property ladder overseas, experts have revealed.

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Professionals behind 38% growth in rental property demand

Young professionals choosing to stay away from making the biggest financial commitment of their lives and buying a home in a declining market are behind the current boom in demand for rental accommodation, it has been revealed.

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Sunny weather prompts DIY boom, B&Q says

The owner of the UK's largest chain of DIY stores has reported that Britons are turning to home improvement projects as they look to cope with the financial problems being caused by the ongoing credit crunch.

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Leeds housing shortage continues as developers go under

Prospective homebuyers in and around Leeds have been dealt a fresh blow after it was announced that one of Yorkshire's leading homebuilders is now in the hands of the receivers.

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Falling buyer confidence sees 4 in 10 home deals scrapped

As many as four in ten property sale transactions fall through at the last minute as prospective buyers change their minds over moving to a bigger home, the Bank of England has revealed.

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First-time buyers heading to France, experts say

Young couples and would-be first-time buyers are opting to put their money into a home in France rather than attempt to get onto the property ladder at home, experts have claimed.

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House moves down significantly, estate agents confirm

Britons are refusing to move home, with many preferring to stay put and struggle for space than make a commitment in an uncertain market, new industry figures suggest.

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Homeowners warned of further 30% price falls

House prices could fall by a further 30 per cent before the market starts to recover, the Bank of England's Danny Blanchflower has warned.

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'Let setters' fleeing the city in their thousands

An increasing number of Londoners are choosing to rent out their homes in the capital and use the money generated from their tenants to fund a better quality of life in the countryside, it has been reported.

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Homeowners becoming landlords as mortgage rates rise

With economic forecasters reporting that around £300 million worth of mortgage products are due to expire within the next few months, a large number of homeowners are likely to look for ways in which to meet their growing financial commitments.

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France now the "best bet" for buying overseas

France is now becoming a "better bet" than Spain for Britons looking to purchase a second home overseas, foreign property experts have explained.

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UK is a 'nation of renters' struggling for space

As property prices across the country remain out of the reach of most prospective buyers, Britain is steadily becoming a "nation of renters", experts have claimed.

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Home improvements can limit tenant turnaround, landlords advised

Private landlords have been advised to carry out improvements to their rental properties to ensure that they are as energy efficient as possible.

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Brits in Spain enjoying a lifestyle 'second to none'

British ex-pats living in Spain enjoy a lifestyle that is "second to none", property experts have claimed.

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Brits quitting the UK as it offers Europe's worst life quality

The UK offers the worst quality of life in all of Europe, a new study has concluded.

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Home moves likely to be hampered by A&L takeover

Homeowners looking to take advantage of falling prices and move up the property ladder have been hit by the news that Banco Santander from Spain has reached a takeover deal for Alliance & Leicester.

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Government will encourage buyers to rent instead

Prospective home buyers have been given a boost after the government's housing minister revealed plans to help them find an affordable rental property while they put money aside for a deposit on their own place.

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Brits putting off home moves in near-record numbers, Rics reports

As growing numbers of Britons choose to postpone a move up the property ladder, the rate of home sales fell to its lowest level for 30 years during the three months to the end of June, it has been announced.

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Brits being drawn to "unrivalled" Brazilian property

Britons looking to escape for a new life in the sun are being attracted to the "incredible potential" of the Brazilian property market, experts have claimed.

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Brits 'should downsize before it's too late'

Britons have been advised to 'storm-proof' their finances to guard against a looming recession, with many likely to look into the financial benefits of downsizing their homes before the market slowdowns bottom out.

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'Transient' urbanites renting for longer, report concludes

Young urban professionals tend to enjoy a more transient lifestyle than their older counterparts, leading many to stay in the rental property sector for longer, it has been pointed out.

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Recession 'could benefit many homeowners'

For the savviest of homeowners, the recession currently looming over the UK could present significant opportunities to make a move up the property ladder, it has been claimed.

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London mayor housing plans may be a blow for many

Thousands of people living in London could find themselves struggling for space as their dreams of buying a new-build affordable property look likely to be put on hold for the time being.

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Buyers to find "no solace" in interest rate freeze

People currently struggling to get onto or even move up the UK property ladder will have found "no solace" in the Bank of England's decision to hold interest rates.

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Brits buying abroad for personal, not financial, reasons

In contrast to the images of wide-eyed investors looking to make a killing abroad, the average Brit buying an overseas property is doing so for personal reasons rather than business reasons, experts have explained.

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Home movers hit as Bank freezes interest rates

The Bank of England has fulfilled expectations and chosen to keep the base rate of interest at five per cent, much to the detriment of those Britons looking to take a step up the property ladder.

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UK equity values down again in June, lender warns

The current turbulence being seen in the UK property market looks unlikely to come to an end any time soon, experts have warned.

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Workers advised to de-clutter their lives

Professionals have been urged to de-clutter their lives in order to stay ahead in an increasingly-competitive corporate world.

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London still too pricey for new buyers, figures show

London's property market remains out of the reach of many first-time buyers, new figures have once again shown.

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Home transactions down as Brits stay put, builders complain

While many Britons may be hoping to move to a bigger home some time soon, new developments in the homebuilding industry suggest that they will have to put their dreams on hold for the time being.

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Interest cut unlikely for rest of 2008, experts warn

Interest rates are unlikely to be brought down again this year, one expert has advised out-of-luck first-time buyers.

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