Blockchain technology underpins the much talked about Bitcoin – the leading cryptocurrency. If you’re not sure what blockchain is, then think of it as a permanent ledger used to record transactions. In addition to being user generated, it’s also tamper proof and therefore represents an unassailable record of proof. And its potential for use in the property sector are wide ranging. Continue reading
The government recently decided to hail the reinvigorated ‘Right to Buy’ scheme as a total success, Richard Carr has learned, suggesting that it’s helping to solve the ever-worsening UK housing crisis.
Right to Buy
No one would want to be a first time buyer right now. The Office For National Statistics’ July 2015 House Price Index showed that the average UK house price grew by 5.2% to £282,000 in the year to July 2015. Coupled with the UK’s current notorious lack of housing stock, it’s too expensive for first time buyers to purchase a residential property in the current market.
Richard Carr, a Commercial and Residential Development consultant based in the south east of England, is delighted at the recent news that Bournemouth is the UK’s fastest-growing region in the digital economy, as reported by the telegraph.co.uk.
Digital economies booming outside of London
The average perception of Bournemouth is one of sand, sea, and the Pier! How many people would have put the coastal resort town down as being the home of the country’s fastest-growing digital economy?
The majority of outsiders wouldn’t have, but those that reside and operate in the area are well aware of the burgeoning digital hub that is being created in the town.
74% of the UK’s digital firms are now based outside of London with Bournemouth, Liverpool and Brighton emerging as the industry’s runaway leaders.
In his latest blog, Richard Carr looks at the increasing role that the UK property market is playing in retirement planning.
Stored wealth used in retirements
Richard Carr has gained planning permission on property for himself and his clients throughout his career in the industry. He is currently employed by Jacob Carr Homes Ltd as a Commercial and Residential Development Consultant.
The latest industry figures from the Equity Release Council (ERC) highlight the surge in the number of retirees using the wealth stored in their home to fund their retirement.
Lending passes £1 billion in 2014