Posts Tagged ‘London’
City Level House Price Inflation Continues to Increase
The latest Hometrack UK Cities House Price Index released in May for April reveals the rate of city level house price inflation continues to increase after a strong first quarter. Year on year growth is running at 10.4% compared to 6.6% twelve months ago when growth had slowed in the face of uncertainty over the…
Read MoreProperty in London as unaffordable as ever.
eMoov.co.uk the leading fixed fee estate agent, recentley released its latest research into the London property market, they found less than half of the houses up for sale were priced at the average £550,000 or less. The Capital is now as unaffordable as ever for aspiring homeowners, the average house price exceeds the half a…
Read More1000 new built for rent homes for London
Recent press release from the Department for Communities and Local Government, Homes and Communities Agency and Brandon Lewis MP headlined ‘Boost to London Housing from 1000 homes Built to Rent’. Two multi-million pound deals that will see over 1,000 new homes built in the capital specifically for private rent have been welcomed by Housing Minister…
Read MoreLondon house purchase and remortgage lending up in Q1
Press release yesterday from the Council of Mortgage Lenders (CML) headlined London house purchase and remortgage lending up year-on-year in first quarter (Q1) of 2016. Home buyers in London borrowed £7.1bn for house purchase in the first quarter of 2016, up 6% quarter-on-quarter and 41% on a year ago. They took out 21,400 loans, down 2%…
Read MorePositive UK Housing Market
Housebuilding is an industry which at present continues to do well with various housebuilders reporting excellent results, the governments ‘help-to-buy’ scheme is a major contributing factor to this. We have a situation at present where we have strong competion between mortgage lenders and mortgage rates are at all time lows, indications are that this will…
Read MoreHow to be a great sales or lettings negotiator
Arguably the most popular role in the property industry is the sales or lettings negotiator. Theirs is the job which is different every day, where they could be showing a property in the morning, speaking with a landlord in Melbourne in the afternoon and closing a deal before home time. Then there’s the pay and…
Read MoreDubai Property Show in London
The Dubai Property Show takes place in London between 13th and 15th May at Olympia West. Brits are reportedly now the second largest group of investors in Dubai’s property, with UK investment almost doubling in three years. Appartments account for 77% of purchases according to Sultan Al Suwaidi, Partner at Sumansa Exhibitions, which is organising…
Read MoreHow Estate Agents can boost their leads!
It’s no secret that Estate Agents far and wide are competing for instructions. With PPC on Key words costing a pretty penny & new agents popping up left, right and centre, it’s easy to get lost in the world of Estate Agents! Land Registry have reported 78,778 sales on average a month in the UK…
Read MoreHigh London house prices getting cut.
High value London property prices appear to be cooling down, recent research reveals that up to 40pc of houses for sale in some areas of the capital have had to cut their asking prices since coming to market, the price cuts are mainly in the centre, west and south-west of the city. The brakes may be…
Read MoreAgents run for Charity in London Marathon
Here we are again, London Marathon this Sunday and as usual so many agents get involved in this event for the sake of their chosen charities. I have just picked a few at random who I would like to mention on here: Charles Thursfield of Harveys Estate Agents is running the London Marathon this weekend…
Read MoreTelford Homes Trading Update
Telford Homes PLC today released it’s Trading Update ahead of its preliminary results for the year ended 31 March 2016, which will be released on Wednesday 1 June 2016. Some of the highlights in the release are: (To see the full trading update go to their website ) Profit before tax for the year…
Read MoreONS House Price Index Feb 2016
The Office for National Statistics (ONS) released today the house price index February 2016. Monthly output based on mortgage completions data from the Regulated Mortgage Survey. Main points. UK house prices increased by 7.6% in the year to February 2016, down from 7.9% in the year to January 2016. House price annual inflation was 8.2%…
Read MoreThe ESTAS AWARDS 2016
The ESTAS Awards 2016 take place this Friday April 16th at the Grovenor House Hotel London. Each April an audience of some 1,000 guests gathers at the Grosvenor House Hotel in London to watch the annual ESTAS Ceremony, the ESTAS highlight the great service provided by different firms involved in the residential property sector. The…
Read MoreMerger of three London Housing Associations
Three London housing associations L&Q, The Hyde Group and East Thames have entered into talks for a merger, in a bid to create one of the country’s largest housebuilders. They are expected to be able to build 100,000 new homes across London and the south east over the next 10 years, an investment of £25bn over the…
Read MoreSouth East expected to outperfom London
House prices in the UK are expected to grow more slowly in the second-half of 2016 according to predictions by the Centre for Economics and Business Research (CEBR), however house prices in the South East are expected grow faster than London as more homebuyers are driven out of the city by an increasingly expensive housing…
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