Posts Tagged ‘housing market’
Portuguese property price predictions.
The latest RICS Ci Portuguese Housing Market Survey predicts house prices to rise at a steady pace in the future, the housing market has enjoyed steady growth in both sales and values in the 2015. It was reported that estate agents saw a modest rise in transactions during January this year, however sales among developers…
Read MoreBovis Homes Group reports record profits
Bovis Homes Group PLC yesterday announced its final results for the financial year ended 31 December 2015, in it they stated that – Significant revenue growth driven by record legal completions and a strong increase in average sales price. Operational highlights for 2015 were – Land investment aligned with growth strategy – Achieved planned growth in…
Read MoreRecovery in housing market in Europe.
Spain, Portugal and Ireland seem to be leading the recovery in the European Property market according to a recent report from the RICS (Europe) that explored the recent improvment in conditions and new trends for this market for 2016 and beyond. Attention by International Investors on the back of the relatively strong recovery in all…
Read MoreTaylor Wimpey record profits.
Taylor Wimpey PLC yesterday released their trading statement for the year to the 31st December 2015, they reported record profitability as demand surged. The UK’s third-biggest housebuilder reported a record operating profit margin of over 20% in the year to the end of December, on the back of strong demand in the UK housing market.…
Read MoreHouse prices have risen substantially in London.
According to the most recent report from the London Housing Commission house prices in London have risen to 10 times the average wage this year. House prices are now nearly 45% higher than before the financial crisis and an average deposit in the capital costs over £70,000, rents across the capital have also exploded upwards,…
Read MoreNew tax for BTL and second homes in Scotland
It is not surprising that when George Osborne announced the additional 3% stamp duty for buy-to-let and holiday homes starting next April, there was little critiscm from over the border as there normally is when any new tax is introduced by Westminster. The Scottish Government has now also decided to introduce an additional 3% tax…
Read MoreHousing Market Bulletin for November
The Homes and Communities Agency yesterday released their Housing Market Bulletin for November. In summary they reported the following: House prices: Steady national average price increases disguise shifting regional trends. Average rises in the southern regions remain strongest but have eased, whilst growth has returned to all other regions’ average price levels. Housing market:…
Read MoreTime to switch off foreign investment in the UK housing market?
This story has understandably slipped under the radar in the light of the terrorist attacks in Paris. http://www.bbc.co.uk/news/business-34806370 The government has sold off £13bn of former Northern Rock mortgages that taxpayers acquired during the financial crisis. It’s one of the final pieces of the jigsaw from the bailout of the failing banks during the credit…
Read MoreHouse prices rise for third consecutive month
The latest UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS) found that in October house prices have risen across all parts of the UK for the third consecutive month and that they are expected to rise by 4.5% per annum, over the next five years . East Anglia has consistently seen…
Read MoreCountrywide third quarter trading update.
Countrywide PLC the UK’s largest integrated property services group, issues its trading update for the quarter ended 30 September 2015. Countrywide continues to perform well across its diversified portfolio, not withstanding the impact on their estate agency business of lower levels of housing transactions than in 2014. Commenting on the Group’s performance, Alison Platt, CEO…
Read MorePopulation growth to support house prices.
Recent reports show that house prices continue to rise across the UK, as much as the experts continue to talk down the UK property market it seems demand is on the whole still increasing, the rate of growth in UK house prices is now at a six-month high. Any talk of a housing bubble being…
Read MoreNationwide HPI October
According to The Nationwide House Price Index (HPI) house prices in October in England and Wales increased by 0.6%. Annual house price growth in October moved up to 3.9% . Commenting on the figures, Robert Gardner, Nationwides Chief Economists, said “UK house prices increased by 0.6% in October, with the annual pace of price growth…
Read MoreA passport check at the “doorstep”.
It may appear a bit OTT to have to show a passport to obtain accommodation but that is what may happen if the immigration bill becomes law after it is debated tomorrow 13th October, it would make letting to illegal immigrants a criminal offence. The aim of the bill is to put better controls in…
Read MoreEffect of buy-to-let on UK financial stability
According to the Bank of England in a recent report by their financial policy committee, the UK’s buy-to-let market is posing a threat to the country’s financial stability. Any wobbles in the housing market could be exagerated due to the nature of that market, the effects of a housing crash could be made much worse.…
Read MoreLSL House Price Index September 2015
House Price Index for England and Wales for September 2015 released by LSL Property Services/Acadata Strongest September for home sales since 2007, driven by activity in the north as supply squeeze stalls sales in the south. There is a southern resurgence in price growth, with the South East seeing strongest year-on-year riseof any region. London…
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