Breaking News
Rightmove House Price Index
Buyer numbers hold steady as speculative sellers stay away Smaller than usual Autumn price bounce, with price of property coming to market seeing its lowest monthly rise at this time of year since October 2008, up by just 0.6% (+£1,942) Number of sellers coming to market down by 13.5% compared to this time last…
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Rightmove
UK House Price Index – Industry Reaction
“Some positive movement but a similar picture of a housing market in limbo and this will no doubt continue to be the case as we approach yet another B-Day. However, as we wait with bated breath for the final curtain to fall at the end of this month, a critics review of current market conditions could…
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Properganda PR
Fire regulation changes causing new-build transaction times to double
Changes to building fire regulations have significantly delayed new build sales in blocks above 18 metres, according to new home specialists, Stone Real Estate. All sales across the eight major developments in this category currently listed by Stone Real Estate have seen the time period between reservation of a property and the exchange of contracts…
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Properganda PR
Queen’s speech bitterly disappointing for a property point of view – industry reaction
While today’s Queen’s speech covered 26 bills from the environment to Brexit, aviation to immigration, there was a complete lack of focus on housing. Please find below some industry reactions to today’s speech. Tom Gatzen, the co-founder of leading roomshare platform, ideal flatmate, commented: “Disappointing to see that the state of the UK property market…
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Properganda PR
Flood risk is dampening rental growth as tenants opt for higher ground
Areas, where flooding is more likely to happen, have seen lower rental growth in the past five years, analysis from landlord letting agency Bunk shows. Bunk looked at areas with a high to medium risk of flooding and how rental growth compares across these areas depending on the severity of the flood risk. Between 2014 and…
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Properganda PR
Halifax House Price Index – COMMENT
The Halifax has just released its latest House Price Index numbers stating: A 0.4% drop in house prices month on month A 1.1% RISE in house prices in the year to September Average UK house price now £232,574 Our clients’ comments on the index are as follows: Marc von Grundherr, Director at Benham &…
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Properganda PR
Quarterly House Building Stats Out Today from MHCLG – COMMENT from Michael Stone, CEO of new build specialists, Stone Real Estate
The Ministry of Housing Communities and Local Government this morning released its latest data on new house building completions and starts to June 2019 (England). See https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/835887/House_Building_Release_June_2019.pdf The upshot is that they are broadly positive, particularly completions, at 45,190 homes built in the April to June period, UP 4% on the last quarter and UP 11% year…
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Properganda PR
Section 21 to shrink rental sector by 20% with rents to climb 13%
The latest report from Capital Economics, commissioned by the National Landlord Association, suggests that the abolition of Section 21 could lead to: – A 20% decline in rental stock across the private rental sector, with those on housing benefit or Universal Credit worst hit with a 59% reduction in available properties. As well as an…
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Properganda PR
Buyer demand drops in Q3, but Glasgow remains the hottest homebuyer spot in the UK
The latest and third buyer demand index of the year from Springbok Properties shows that UK homebuyer demand is currently at 39.5% having dropped -2.8% since Q2 as Brexit uncertainty continues to cloud the market. Using data from the major property portals, Springbok looked at where has seen the largest levels of buyer demand across…
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Properganda PR
Three months left to enter London’s most promising house competition
There are just three months left to enter what could be London’s biggest house competition to date. WinMyDreamHome.com is offering a beautifully renovated Victorian home in Bartholomew Road, Kentish Town, NW5 with tickets costing £10 and one additional ticket given free for every ticket purchased by those buying two or more. The property is valued…
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Properganda PR
Nationwide House Price Index: Price growth grinds to a halt in September
Founder and CEO of Springbok Properties, Shepherd Ncube, commented: “Anything short of a market collapse could be viewed as positive given the current car crash that is unfolding in Westminster and quite frankly, it’s a miracle that no real lasting damage has been already done. We’ve seen the market survive on tidbits of positive buyer…
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Properganda PR
August Price Paid Data from HM Land Registry
The most expensive residential sale taking place in August 2019 was of a flat in City of Westminster for £16,500,000. The cheapest residential sale in August 2019 was of a flat in Sunderland for £18,500. The most expensive commercial sale taking place in August 2019 was in Southwark for £129,300,000. The cheapest commercial sale in…
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EAN Content
Tech giants cause local rents to skyrocket but B2L investments remain below average
Leading lettings platform, Howsy.com, has looked at how the presence of some of the world’s biggest tech giants is pushing up London rental prices surrounding their main offices in the capital. Howsy looked at the current cost of renting in boroughs home to Google, Microsoft, Amazon and Facebook and how this compares to the London…
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Properganda PR
Hometrack Cities Index – City house price growth slows as market adapts
Director of Benham and Reeves, Marc von Grundherr, commented: “London continues to act as a house price growth anchor for the time being and this is largely being driven from the inside out as those who have seen the largest decline in property values continue to hold fire for greener pastures on the other side…
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Properganda PR
UK Finance shows mortgage approvals dip but could see a late rally
Director of Benham and Reeves, Marc von Grundherr, commented: “Buyer demand for mortgage products has been the one area of the market to remain buoyant in the face of political uncertainty, and while it would seem that even this is starting to fall below expectation, we have seen them at least hover at consistent levels…
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Properganda PR