The most expensive flat in the world will fetch around £140m.

£140m is enough to raise the eyebrows of even the mega-rich when it comes to property in London.

The property is in Knightsbridge and works out at more than £6,000 per square foot. Local shops include Harrods and Harvey Nichols. It has four bedrooms and is over two floors.The apartment boasts floor-to-ceiling windows, has its own car park and access to all the leisure facilities that a discerning buyer would expect, like health spas and squash courts.

A Flat in Knightbridge for 140 million

The previous most expensive flat in the world was valued at £115 million in a rival Central London development at St James’s Square in 2008.

You won’t find it listed on Right Move as the identity of the buyers is unknown though some speculate a buyer from the Middle East is interested on the back of rising oil prices and looking for investment.

The property developers behind this outragiously luxurios apartment are Christian and Nick Candy, whose bid to redevelop the Chelsea Barracks collapsed after the Prince of Wales raised architectural objections with their Qatari partners.

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Zoopla’s iPhone app has arrived.

You can now download Zoopla’s iPhone app for free and get all the property information you need instantly while on the move.

So Zoopla are now ready to take on the other previous contenders
See http://www.yourrightmove.co.uk/blog/findaproperty-app-vs-rightmove-app/

Will it become the champion of iphone apps?

Zoopla’s iPhone app is looking promising

The largest feature that may well hurt the main competitors Rightmove and Findaproperty apps is the ability for Zoopla to offer all the data it has on every UK home. The app has map-led search (map and hybrid options) as well as list view and Augmented Reality.

Zoopla's iPhone app looks very powerful

While Rightmove and Findaproperty apps only offer For Sale and To Rent searches, Zoopla can give value estimates for all 27 million UK homes, with 15 million+ house prices paid dating back to 1995.

Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.1 or later.

Other features include

He continues, “Here’s what’s different or unique, Every UK home is listed (all 27m) – eg in London there are 3,156,000 homes ,It Enables you to run a value estimate on any (27m) UK home – what’s your home / your neighbours worth? Are you a nosey neighbour? 15m sold prices – who paid what for what? Map-led search as well as list view and Augmented Reality…as well as market research, properties for sale and to rent…”

We are very excited to see how this works

So I’m off to download this app to my iphone and start to write my review.

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We all love only fools and horses. But how much would it cost  to rent Del boys flat.

Of course it worth mentioning that you wont find it in Peckham. According to the Only fools and horses Societies web site www.ofah.net Nelson Mandella House as seen for all the opening credits of Only Fools and Horses, supposedly in Peckham, London is actually the block of flats called Harlech Tower, Park Road, East Acton, London.

So taking a look on right move, recently i found that Del boys flat could fetch
£277 pw - 2 bedroom flat to rent ! Thats over £1200 a calendar  month.

Harlech Tower, Park Road, East Acton, London.

The flat boasts

• Two Double Bedrooms
• Good Transport Links
• Close to Local Amenities
• Private Balcony
• Lift

So if you want to live like Del boy it isn’t as cheap as it used to be!

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Rightmove reports the housing market is broken as it reveals the market has a mountain of unsold stock.

The reason Rightmove provide is due to a growth in new sellers coming to the market and a strong demand due to the mortgage drought. This has led agents being stuck with a stock pile of unsold properties.

It seems the first-time buyers and property investors are the main losers in this current climate of finance famine.

Rightmove reports the housing market is broken

Currently the prices of property continue to climb and the stock levels are often doubling on 2009 figures.

£237,134 is the average asking price on according to Rightmove
£168,202 is the average selling price on according to Halifax
£167,802 is the average selling price on according to Nationwide
That’s around £70,000 difference as a reality check for sellers

The sellers and purchasers have an imbalance that may take some time to resolve, causing fragile housing chains along the way.

This inefficient market was able to maintain prices as long as supply broadly matched demand.

With more sellers now marketing, this uneasy equilibrium is in danger of becoming unbalanced.

There aren’t enough ready-and-able buyers to soak up a surge in fresh stock, rightmove reports.

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Discover how to get on the property ladder as a first-time buyer

Without first-time buyers, there is barely any market movement.
First-time buyers are essential to the property market and yet in a recovering recession, how could anyone make the decision to the biggest financial commitments you can ever make. Good advice and informative tips are always essential.

Here is the latest tips from the experts on the web.

Consider getting a Homebuyer’s Report rather than a full survey. A basic survey is a requirement of the mortgage lender and will confirm the property is broadly worth what you have offered, often its claimed that it just a drive-by. A Homebuyer’s Report is more comprehensive and should highlight any areas of concern. Extra money spent on a more comprehensive survey is money well spent as the cost putting a structural defect right could cost a large sum.

Property ladder for a first-time buyer

It’s good to seek advice from a qualified market mortgage adviser to see whether it’s feasible for you to enter the market in its current climate. Avoid advisers that are tied to one product.

Before you start property hunting, you will need to know what spending power you have. This should be a realistic figure and at least agreed in principle with your mortgage lender. Estate agents will take you far more seriously as a first time buyer if you have a letter with an agreed mortgage amount that they are prepared to lend. Credit checks and detailed documentation will follow before any offer is accepted, so be prepared.

First time buyers should accept that their first house may be a house they are in for many years to come. Unless the market rises or their earning status changes dramatically the facts are you may be in the property for a good few years. So you will need to purchase with this in mind, in other words, can you live in the property?

One thing that has really made it hard for first time buyers are the lenders tightening their criteria, and as a result there is real pressure on borrowers to have larger deposits when applying for a mortgage. With this in mind, don’t over stretch yourself even though rates are currently low. There is a good reason why lenders are making it difficult to borrow. To some degree it’s there to protect you.

Its never an easy time in this climate as a first time buyer, but with a good understanding of the basic principles and with the ability to know where to turn to for good advice, you can discover that entering the property market isn’t impossible.

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Landlord and Tenant Disputes

Below are some really useful tips for landlords and how they can avoid problem tenants.

Good Communication with Landlord and Tenant

They say it’s good to talk. No landlord or tenant  want a dispute. Most issues occur due to a lack of communication with your tenant.  Good communication by Landlords to their tenants may reveal that there are good reasons why things have become difficult in recent months. Call a few times with a kindly enquiry seeking to solve the issue rather than attacking the person. This really works – try it.

If there is no response from a few phone calls, then send them a few letters before you instruct a company  to serve notices and start the eviction procedure. You may need to demonstrate to the courts that you have given your tenant sufficient time to pay their outstanding arrears and have made all efforts to communicate with them.

Landlord and Tenant Disputes

Check Tenants Payments Regularly

Don’t take it for granted that the payment will be made on the day that the tenant is due to pay rent. Make random checks to ensure that the rent has been paid on time and in full. This sort of credit control is vital – especially if landlords take responsibility for managing their own properties.

Give Bad Tenants 2 Months Only

Give two months of arrears before you start taking action against for rent arrears. Our top tip here is not to procrastinate. You don’t want to be a distressed landlord whose tenants are in arrears by several months.

For a landlord to evict anyone in their property, it must be the last result.

Good Reference – Good Tenant

As landlord of your property, do ask for references from your tenant. Referencing your tenant includes knowing where he is employed and checking the character reference and previous landlord references appear valid and not made up at some local pub with his mates.

It reinforces the principle that tenant referencing is vital. As a result, we have also seen a major growth in the number of landlord’s instructing us to thoroughly reference their tenants as to avoid any future problems.

Knowledge Leads To Correct Action

There are plenty of free advice centres, so whether you are a landlord or a tenant, take advantage of these. Gain the knowledge before taking any action. It is only when you are fully aware of what your rights are as a landlord that you can start taking decisive action.

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Rent Going Up

Renting a property will go up, as rental properties coming onto the market has fallen for the first time since January 2008, according to the latest Royal Institute of Chartered Surveyors survey. It appears tenants no longer have as strong a bargaining power.

UK Rising Rental

Improvements in the housing market have led to a fall in the number of rental properties coming to the market. Therefore demand for houses to rent is stronger now than for a long time leading to an increase for rental property.

The housing market is having a more significant effect on the lettings market, with many of the accidental landlords returning to the sales market to take advantage of the recent price increases. As a result the recent oversupply is reversing, with new instructions at the lowest levels we have seen. This of course is impacting on prices and tenants no longer have as strong a bargaining power as they did.

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