Half of Chinese property buyers delay UK deals until after EU vote

Half of Chinese investors are holding back from buying property in Britain until after the country’s referendum on EU membership, a survey showed on Wednesday, though a quarter say they are more eager to complete purchases before the vote.

A total of 51 percent of the 411 Chinese property professionals and investors surveyed by juwai.com, the largest real estate portal that targets Chinese buyers looking abroad, said the June 23 vote had made them hold back from deals.

Britons vote in just over a week on whether to remain part of the world’s biggest trading bloc with several recent polls indicating an increase in support for the leave, or Brexit, campaign, stoking fears of marketinstability.

Image result for Half of Chinese property buyers delay UK deals until after EU voteTransactions in commercial property fell by 40 percent in the first quarter, according to the Bank of England, with many buyers and sellers waiting to see the outcome in case an exit vote hurts property prices.

However, 46 percent of Chinese investors said demand would rise if Britain left the EU, almost as many as the 52 percent who responded that remaining in the EU would boost interest, according to the research carried out between June 2 and 5.

Chinese investors are among the biggest foreign buyers of UK property, especially in London and Manchester.

Of the 42 British property professionals – including estate agents and consultants – surveyed by juwai.com, 50 percent said there was decreasing demand from international buyers in British property.

“The overall picture here is one of uncertainty,” said the site’s UK head Bernie Morris.

“The fact that few feel they know what the true impact of Brexit would be is holding buyers back.”

London rents fall for first time since 2010

 Residential rents for new lets in London have fallen for the first time in six years, according to the first study published on the issue since Britain voted to leave the European Union.

A monthly survey published by Countrywide estate agents on Monday found that new rental contracts were priced 0.5% lower in July than for the same period last year.

The average monthly rental contract in July was £1,280 ($1,647, 1,470 euros), around £7 cheaper than a year ago.

Property-London-UK“The large rise in numbers of homes available to rent has certainly slowed rental growth, even with tenant numbers increasing,” said Johnny Morris, research director at Countrywide.

He highlighted the increase in stock levels due to buy-to-rent investors bringing forward house purchases before new tax laws kicked in in April.

“Added to that, uncertainty in the sales market in the run up to, and after the EU referendum has caused more discretionary sellers to turn to the rental market,” he added.

Nationally, rents for new contracts increased by 1.5 percent last year.

Britain’s decision to leave the EU has led to predictions of a slowdown in the property sector, particularly in the booming London market.

UK farmland demand falls sharply as Brexit adds to price woes

Demand for farmland in Britain fell sharply in the first half of 2016, hurt by low commodity prices and uncertainty around the European Union membership referendum, the Royal Institution of Chartered Surveyors (RICS) said on Wednesday.

Forty-nine percent of chartered surveyors said they expected prices to fall across all types of farms in the coming year, according to RICS and the Royal Agricultural University survey.

“Commodity price volatility was already negatively impacting sentiment in the rural land market prior to the EU referendum, and the outcome of the vote has added further uncertainty,” said Jeff Matsu, RICS senior economist.

“For now, this appears to be weighing heavily on demand and prices have begun to slide.”

uk-house-prices-riseMany farmers have expressed concern about the possibility of diminished subsidies for British agriculture once the country leaves the EU. But others have said they will be better off without the EU’s rules and regulations.

Matsu said the Bank of England’s decision to cut interest rates and restart its bond purchases could bolster confidence, while the fall in sterling ought to help agricultural exporters.

The survey added to signs of a broader slowdown in property markets since the vote to leave the EU.

A RICS survey last week showed housing market activity ebbed last month, with gauges of house price growth and transactions falling to their lowest level in years.

Reduce price-cut on UK property funds to 8.5%: Kames Capital

LONDON: Asset manager Kames Capital said it has reduced the fair value adjustment made to its UK property funds as market sentiment in the wake of Britain’s vote to leave the European Union begins to improve.

The firm, part of Dutch insurer Aegon, said it had cut the adjustment on its Kames Property Income and Kames Property Income Feeder funds to 8.5% from 10 percent on Aug. 16.

52683250.cms“A fair-value pricing adjustment continues to be applied to the direct property portfolio in the expectation of further pricing falls, however property values to date have not fallen as much as initially expected,” it said in the statement.

“At the same time, the market has benefited from a general improvement in sentiment,” it said, adding it had seen new money enter the funds since July 7, when it had increased the adjustment to 10 percent from an initial 5 percent.

London housing boom to end next year on Brexit: Reports

Home values in London will fall for the first time since 2009 next year on economic uncertainty resulting from the U.K.’s vote to leave the European Union, according to Countrywide Plc.

Price growth for homes in the capital will slow to 3.5 per cent this year and drop by 1.25 per cent in 2017, the country’s largest real estate broker said in a report on Monday.

Countrywide in December forecast that values would increase by 4 per cent this year and next. Prices for properties in prime central London will drop as much as 6 per cent this year and be little changed in 2017, the report showed.

“The vote to leave the European Union has unsettled the U.K. economy,” Countrywide chief economist Fionnuala Earley said by phone. Lower expectations of capital gains were already weighing on London’s housing market, she said, while the luxury-property market was being hurt by increased sales taxes and oversupply. “The Brexit scare has just accelerated all of that,” she said.

London properties are taking longer to sell this month, despite a summer price cut, as uncertainty surrounding how Britain will negotiate its exit compounds the dampening effect of the holiday season.

Homes in the U.K. capital are staying on the market for five days more than in May, the month before Britons voted to leave the EU, property website Rightmove Plc said in a report published on Aug. 15.

London-Housing-Bubble-Ernst-and-Young (1)The lull won’t last, however. Countrywide expects Greater London home values to rise by 2 per cent in 2018 as the economy improves and there is more clarity about how the U.K. will decouple from the EU, according to Earley.

Average prices for homes across the U.K. are set to drop 1 per cent next year before returning to growth in 2018, according to the report.

Countrywide forecast that prime central home values will increase by 4 per cent in 2018. By the beginning of that year, the firm expects prices in that market to have fallen by 15 per cent since the market’s peak in 2014.

“There are still severe supply issues which, together with a period of ultra-low interest rates, will act as a support for pricing,” Earley said. “As for prime central properties, after two years of falling prices they will begin to look attractive again.”

Excellent KEAM score? These top engineering colleges await you

Kerala Engineering, Architecture and Medical Entrance Exam (KEAM) is conducted by the office of Commissioner for Entrance Examinations (CEE). Candidates qualifying theexam are offered admission in degree courses at the various colleges in Kerala.

Candidates aspiring to get into the top-notch engineering colleges in the state of Kerala are required to appear for KEAM. The online registration for the state level examination will commence in February 2018. And as per the trends followed, the exam will be conducted in April 2018. In order to enter the examination hall, it is important to carry a hard copy of KEAM Admit Card.

KEAM examination consists 2 Papers. Paper 1 has questions from Physics and Chemistry. Paper 2 has questions from Mathematics. Each paper will have 120 questions to be completed in 150 minutes. The result of KEAM will be announced in the month of May 2018. If candidates score excellent marks in KEAM, they will be able to get admission in the top engineering colleges.

How to get admission?

Candidates can check KEAM result in online mode. CEE Kerala will release the results on the official website of KEAM. One must take note that, conducting authority will not send any score card to candidates via post. Counselling will begin after the announcement of results.

KEAM counselling will be done in online mode in the month of June 2018. It will be done via CAP (Centralized Allotment Process) through SWS (Single Window System). The purpose of counselling is to offer seats to deserving candidates, based on their choice of programs and institutions.

Document verification is done during counselling. Candidates must keep in mind to carry their KEAM Admit Card along with other important documents required for document verification. Seats will be allotted to candidates, based on the availability of seats, their choice of programs and institutions, number of candidates applied, etc.

Engineering Colleges in Kerala

Candidates interested in studying engineering from the best engineering colleges in Kerala have to score high marks in KEAM. It is important to prepare well in order to formulate a strategy for the exam. Candidates must start their preparation before six months of the exam.

One must not forget to download their KEAM Admit Card from the official website of the conducting authority. To access the document, application number and DOB is required. After downloading it, candidates have to take a printout of their admit card. Candidates must keep in mind that the conducting authority will not send the hall ticket via post.

Candidates who have excellent scores in KEAM can get admission in the top engineering colleges of Kerala. Now, we are going to discuss the top 3 engineering colleges that accept KEAM scores.

College 1: College of Engineering, Trivandrum

College of Engineering, Trivandrum, also popularly known as CET is the best engineering college in Kerala that accept KEAM scores. It is a government college, affiliated to APJ Abdul Kalam Technological University, Thiruvananthapuram. It is established in 1939 and is located in Thiruvananthapuram, Kerala.

There are 48 courses available in this college. The mode of admission in this college is KEAM and NATA. KEAM is a state level entrance examination, whereas NATA is a national level entrance examination. Candidates who have excellent scores in KEAM can get admission in this college through KEAM counselling procedure.

The counselling procedure of KEAM is a 4-step process: Registration, Trial Allotment, Seat Allotment and Payment of Admission Fee. During KEAM CAP registration, candidates have to register themselves in the online mode. They have to enter their KEAM roll number, KEAM application form number and password to login to the website for counselling.

Candidates will be provided with a huge list of colleges and courses that are available according to their ranks. Candidates can choose College of Engineering, Trivandrum if they have excellent KEAM scores.

A trial allotment will be conducted by CEE before closing registration. It is for giving an idea to candidates about the process of counselling and allotment. During seat allotment, candidates can check college-wise seats allotted to them on the basis of their rank and preference. After seat allotment, candidates have to pay the admission fee.

College 2: Government Engineering College, Thrissur

Government Engineering College, Thrissur is the second best engineering college in Kerala that accept KEAM scores. It is affiliated to the University of Calicut, Malappuram. The college is established in 1957 and is located in Thrissur, Kerala.

There are 20 courses that are available at the Government Engineering College, Thrissur. The only mode of admission in this college is KEAM. Candidates who score excellent marks in the state level entrance examination can get admission in this college.

Candidates interested in pursuing engineering from Government Engineering College, Thrissur should take part in the counselling procedure and select this college during KEAM CAP registration. If they cannot see the college listed, it will imply that their rank is not sufficient for admission to this college. If they can find the college listed, they should immediately select it along with the course of their choice.

College 3: Rajiv Gandhi Institute of Technology, Kottayam

Rajiv Gandhi Institute of Technology, Kottayam is one of the top 3 government engineering colleges in Kerala that accept KEAM scores. The government college is affiliated to Mahatma Gandhi University, Kottayam. It is established in 1991 and is located in Paramattom, Kerala.

There are 12 courses that are available in Rajiv Gandhi Institute of Technology, Kottayam. The mode of admission is this college is KEAM and GATE. KEAM is a state level entrance examination, whereas GATE is a national level entrance examination. Candidates who have excellent scores in KEAM will be able to get admission into this government college.

They have to take part in the counselling procedure and select Rajiv Gandhi Institute of Technology during KEAM CAP registration along with the course of their choice.

If you have excellent KEAM scores, these are the top 3 engineering colleges where you should study engineering. But first of all, prepare well for the examination and don’t forget to carry your KEAM admit card on the day of the examination.


Other Top Engineering Colleges in Kerala

College Name City
Indian Institute of Space Sciences and Technology (IIST) Thiruvananthapuram
National Institute of Technology (NITC) Calicut
Mar Athanasius College of Engineering (MACE) Kothamangalam
NSS College of Engineering (NSSCE) Palakkad
Government College of Engineering (GCE) Kannur
MES College of Engineering (MESCE) Malappuram
College of Engineering (CEC) Alappuzha
Government Engineering College (GECI) Idukki
Government Model Engineering College (MEC) Kochi
Cochin University of Science and Technology (CUSAT) Kochi


Cloud app vs. Web app: Understanding the Underlying Differences

To begin with, one has to admit that there is slight difference between web and cloud applications but when the difference is in two technologies then even the slightest difference matters a lot. Essentially, every cloud application is a web application but the converse is not true. However, both web and cloud apps require internet to function. Despite the similarities, there are significant differences between the two app platforms.


The basic difference which must be addressed at the very outset is on the basis of tenancy. The cloud applications have a multi-tenancy while the web applications have an isolated-tenancy. This means that the single instance of cloud apps can cater to multiple users at a time. The users can customise some parts of the cloud application but it won’t affect the code whereas a web application has isolated-tenancy that caters to only one user and his customisation requirements.


The core difference between cloud and web app lies on dependence i.e. the web applications are dependent on web browsers while the cloud applications are not. In order to run a web application you’ll require a web server whereas cloud apps can run on either user’s computing device or web server. The cloud apps can be installed on either a public or a private cloud while the web apps are either installed on Internet or Intranet. There are a lot of cloud iot solution provider available in the market who solve a lot of issues.

Data Centres

Most of the computer cycles happen at the single data centre in a cloud application but in the web application they happen at multiple data centres though you can access it from anywhere. Cloud Applications have their user data and business processes stored in multiple replicated data centres contrasting with the web applications, where the data is stored in a single data centre.

Customisation & Functionality

Undoubtedly, the cloud apps offer more customisation options and wider range of functionality. The web application have on the contrary limited functionality and customisation. The cloud applications are standardised for all users and each user can customise them according to their whims and fancies. The web applications on the other hand are specifically customised with respect to a user.

Availability & Scalability

A web application has limited availability & scalability while a cloud app is inherently scalable and has very high uptime. This means that a cloud app has the possibility to be used in a range of capabilities while in case of a web app it is limited. High uptime of cloud platforms signify that they are working and available unlike the web applications in comparison.

Hence, there is slight yet enough difference in the platforms that makes a significant difference. When choosing for an application platform the key factors that make a difference are mentioned above so that you choose the one that best fits your requirement. Cloud apps definitely are winning the battle over web apps, though if you are planning to use only for yourself with specific set of features that you have in mind then they’re perfect for you.

Jio Phone to Hit Telecom Sector, Erode Revenues: Vodafone to DoT

The country’s second largest telecom player Vodafone expects Jio’s ‘effective free phone’ with unlimited calling to erode operators’ revenues which are already under pressure and sought reduction in various levies imposed by the government as a breather to the industry.

“…the new operator continues to aggressively under-price its services, including announcing launch of ‘Effective Zero Price Feature Phone’ with unlimited voice.

“This is likely to cause further erosion in revenue for existing operators,” the company in a letter to the Telecom Commission Member (Finance) Anuradha Mitra.

RIL Chairman and MD Mukesh Ambani recently launched JioPhone, a 4G feature phone at a one-time fully refundable deposit of Rs. 1,500 per unit. JioPhone beta testing starts from August 15. The booking will start from September 24 online as well as through Reliance Retail and Jio stores.

Vodafone said there is continuous decline in its revenue from telecom services and it has recorded further decline of 3.41 percent in the the quarter ended June 2017.

It also called for reducing the interest rate applied for deferred spectrum payments.

“…a reduction in the interest rate applied for deferred spectrum payments is necessary to reduce burden on operators.

Hence, we have requested reduction from 10 percent to G Sec rate of 6.25 percent – 6.5 percent on deferred payment,” the letter said.

Vodafone said that revenue share with the government imposes huge burden on telecom operators even though companies purchase spectrum at market price.

Jio Phone to Hit Telecom Sector, Erode Revenues: Vodafone to DoTThe company requested the DoT to consider recommendation of the Telecom Regulatory Authority of India for reducing Universal Service Obligation Fund from 5 percent to 3 percent as private operators have already rolled out services in rural areas and current call termination rates are very low.

“…despite having rolled out in rural areas, we still have to pay USO and the mobile termination rates are also below cost which adversely impact us since majority of the calls in the rural areas are incoming,” the letter said.

At present, a telecom operator charges 14 paise for every incoming call that it gets from network of other operators.

“Therefore, we earnestly request kind consideration and early decision on reduction in the USO levy from 5 percent to 3 percent and reduction of interest charges along with rescheduling the payment period, which has been tabled before DoT and IMG (inter-ministerial group),” Vodafone said.

As per official data, revenues of telecom operators from services dipped by about 15 percent to Rs. 40,831 crores in the January-March quarter this year compared to Rs. 48,379 crores in the same period of last year.

The government has formed an IMG which is expected to submit its recommendation very soon to address financial woes of the telecom sector.

Vodafone Offers Unlimited Voice Calling, 1GB Data Per Day at Rs. 348

In a bid to combat the Reliance Jio competition, Vodafone has now launched a special recharge plan for prepaid users in Rajasthan. The Vodafone 348 Prepaid Recharge offer comes with unlimited voice calling benefits and 1GB of 4G data per day.

As mentioned, the prepaid recharge plan is only for Vodafone users in Rajasthan for now. This recharge plan is priced at Rs. 348 and comes with 28 days of validity. It gives users 1GB of 4G data daily with unlimited voice calls (local and national). This plan can be activated regardless of whether a subscriber is using 4G/3G or 2G enabled handsets.

The company noted that the plan is now available at all the leading Vodafone Stores, Mini stores and multi brand retail outlets across the state of Rajasthan. For those who prefer online recharge, they can find this new recharge plan on the MyVodafone app.

Vodafone Offers Unlimited Voice Calling, 1GB Data Per Day at Rs. 348Amit Bedi, Business Head – Rajasthan, Vodafone India, said in a statement, “Vodafone has always taken the lead in coming up with innovative products and services that also offer the finest value to our customers. With Vodafone 348 Prepaid Recharge Offer users can explore internet elements like video, music, live TV, chats, with 1 GB data each day for 28 days. Additionally, our customers can also enjoy unlimited conversations with their loved ones anywhere in the country. These benefits can be accessed by our customers on 4G/3G or 2G handsets. Now always be in touch with your near and dear ones with Vodafone 348 Prepaid Recharge Offer.”

This plan will compete with Reliance Jio’s Rs. 309 and Rs. 399 plans directly. However, Reliance Jio offers the same benefits to its subscribers for 56 and 84 days validity respectively, while Vodafone Rajasthan subscribers get to enjoy only 28 days of validity.

BSNL Unveils New Double Data, Talk Time, Roaming Benefits for Prepaid Subscribers

Ever since Reliance Jio has entered the industry, private telecom operators like Airtel, Vodafone, and Idea have reduced their data prices and introduced lucrative offers regularly to keep its customer base from migrating. State run BSNL has also been doing the same, and at the very moment, the telecom provider has a bunch of offers for its subscribers owing to Independence Day, Onam, and more.

As part of its Independence Day offers, BSNL has announced full talk-time on low priced recharges like Rs. 20, Rs. 40, Rs. 60, and Rs. 80. The Rs. 120, Rs. 160, and Rs. 220 recharges will offer Rs. 130, Rs. 180, and Rs. 220 talk-time respectively.

Coming to data, there is a Rs. 78 plan which offers 1GB of data validity for five days. However, that has been doubled to 2GB for now. Similarly, Rs. 198 plan that offered 1GB of data for 28 days will now offer 2GB of data. The Rs. 291 plan will now offer double data at 4.4GB, and the Rs. 561 plan will now offer 10GB of data with a validity of 60 days. All of these offers will last till August 20 and are applicable for prepaid subscribers only.

These benefits and all other voice/SMS, Special Tariff Voucher (STV) and Combo Voucher benefits through different plans are applicable to the user even when they are on national roaming moving forward. This was also announced by BSNL as part of its Independence Day offers, and went into effect from August 15 in all areas where BSNL operates. R.K.Mittal, Director (CM) BSNL Board said in a statement, “Armed force personnel, professionals, business person, and students all will get more benefit from this scheme.”

BSNL Unveils New Double Data, Talk Time, Roaming Benefits for Prepaid SubscribersSeparately, a limited period offer to celebrate Onam has also been launched. This plan is called the Onam Plan and it is applicable only for Kerala subscribers. The plan is priced at Rs. 44 and offers 500MB data benefits, 5 paise per minute for BSNL to BSNL calls (10 paise for BSNL to other network calls) for the first 30 days to its new customers only, talk value of Rs. 20, and a validity of 365 days. After you finish the prescribed data, additional data will be charged at 10 paise per MB (Rs. 100/GB). After the 30-day call subsidy, all calls under the Onam Plan, “from anywhere to any network in India,” will be charged at one paisa per second.

There’s also the option to add four numbers of friends and family who will also enjoy calls at 10 paise per minute to BSNL numbers and 20 paise per minute to other networks. A BSNL subscriber with this plan activated can add four members by SMSing FFE<>10 digit mobile number/LL to 123. To migrate from other plans, Kerala customers need to send an SMS to mobile number 123 in the format ‘PLAN < space > ONAM’. New subscribers get a free SIM when activating this plan.

Apart from all these offers, BSNL also has a ‘Sixer’ or ‘666’ plan which offers unlimited voice calls to any network, 2GB per day data, and comes with 60 day validity.