Property rates in England and Wales down somewhat month on month

Residential property rates in England and Wales enhanced by 6.1 % in the year to February 2016 taking the average value to 190,275. The latest data from the Land Registry also reveals that total month on month costs fell by 0.2 % but most regions have actually seen costs rise fast house sale .

London has actually seen the greatest increase in typical property values over the last 12 months with a rise of 13.5 % to 530,368 however at the opposite end the North East saw costs fall by 3.2 % year on year. The North East likewise saw the most considerable regular monthly price fall with a decline of 1.2 % the North West saw the best monthly rate increase with a rise of 1.8 %.

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Dallas Mavs' Mark Cuban dealing with HKS, Texas A&M on new practice center design

Dallas Mavericks owner Mark Cuban has been working with Dallas-based HKS Inc. and architecture graduate students from Texas A&M on the design of the NBA group's new practice facility, which property sources state the billionaire wishes to put in an urban part of the city.

In a press release, Texas A&M said the university's students just recently revealed Cuban and HKS' director of sports and entertainment Bryan Trubey (previous Texas A&M graduate) designs for a brand-new mixed-use development meant to become a destination for Mavericks fans, gamers and group personnel, with facilities such as a team store, public coffee shop, museum, outdoor water feature and garden.

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Excess of new-build properties leads to falling premiums in main London

Rates for high-end flats in some parts of London are likely to fall as an oversupply of properties wears down the premium being spent for new-builds, an investment firm stated on Monday.

The latest caution of a bubble at the top of the property market has been sounded by LCP, which advises investors on the residential market and runs property funds. It said new-build properties had actually been costing a premium of as much as 25 %, however oversupply in some parts of the marketplace was most likely to start deteriorating this.

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