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The real estate market in the United Kingdom is the largest or second-largest in Europe (after Germany) depending on the method of measurement. [1][2] The commercial real estate market in the UK has a market size of around 250billion euros. [1] Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5 ...
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1][2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...
The term 'property chain' is common in real estate, especially in the UK.The chain is the line of people buying and selling. For example, there might be a first-time buyer trying to purchase a small flat, another person waiting to move from the flat to a small house, another person waiting to move from the small house to a larger house, and so on.
A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
Mortgage repossession. In the United Kingdom, a lender can take possession of a person's home due to default on a mortgage. This process is incorrectly often known as "mortgage repossession"; however, assets can only be repossessed if the lender was the seller, which is often the case with cars but not usually with houses.
Repossession. Repossession, colloquially repo, is a " self-help " type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.
The public estate in the United Kingdom is the collection of all government-owned real property assets in the United Kingdom. The Office for National Statistics estimated in 2008 that the public estate has a book value of £380 billion, which is about £6,000 for every UK resident. [2] Of this, approximately £240 billion is held by local ...
Operating income. £ 258.0 million (2023) [2] Net income. £ 199.2 million (2023) [2] Website. rightmove.co.uk. Rightmove plc is a British company which runs rightmove.co.uk, the UK's largest online real estate property portal. [3] Rightmove is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
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