Posts Tagged ‘market’
New instructions continue to fall.
According to the latest market survey from the Royal Institute of Chartered Surveyors (RICS) new instructions continue to fall and the lack of stock is causing unrealistic housing market in parts of the UK Simon Rubinsohn Chief Economist for the RICS reports house prices continue to rise across the UK driven by an ongoing shortage…
Read MoreBritish buyers returning to London market
British buyers are returning back in numbers to the London property market while overseas buyers are being put off by higher taxes, Brits now account for well over two thirds of purchases in the capital’s prime post codes, according to a new study by estate agent Marsh & Parsons. The report said overseas buyers have been put…
Read MoreHalifax HPI September
According to the Halifax House Price Index for September annual house price growth eases to 8.6%. Prices in the three months to September were 8.6% higher than in the same three months a year earlier. House prices in the latest three months (July-September) were 2.0% higher than in the preceding three months. Commenting, Martin Ellis,…
Read MoreAuctionLets looking for investors
AuctionLets, which follows a similar easy-to-use format to that of one of the most popular mainstream auction sites, has been providing landlords with a unique alternative to the way property has traditionally been let since its launch in January last year. “Our site has been successfully tested with great results. An increasing number of bids…
Read MoreRightmove HPI September
Asking prices for houses in England and Wales saw their biggest rise in the month to mid-September for 13 years as cheap borrowing and a lack of properties on the market led to market “extremes”. According to the Rightmove HPI overview, the price of property coming to market continues to rise at a time of…
Read MoreCala Group reports soaring profits.
Cala Group house builders have announced announced a near-doubling of pre-tax profits to a record £50.9million for the year to June 30, the group who target the relatively affluent areas of the UK saw revenue soar by 79% to £511.6million, the company reaped the rewards of the first full year of a new strategy to…
Read MoreJuly market trend data.
Land Registry’s monthly Market Trend Data for residential property prices in England and Wales releases the figures for July, data shows an annual price increase of 4.6 per cent which takes the average property value in England and Wales to £183,861. Monthly house prices up 1.7 per cent since June 2015. The regional data indicates…
Read MoreStricter lending criteria for BTL mortgages
High street lenders are getting tougher with landlords applying for mortgages to purchase a buy-to-let property, it has been announced in various publications that lenders are looking to introduce stricter criteria when it comes to checking applications, higher interest rates could also be applied to these mortgages. It has been mentioned that Landlords will face…
Read MoreAffect on London property prices
The turmoil in Asian markets is having its affects across the world, we have seen this week share price movements that have never been seen before across markets, on Monday the Dow Jones dropped during the day by a record amount, thankfully for investors recovering by the end of the day. The Chinese economy has…
Read MoreFewer first time buyers in the market
According to the National Association of Estate Agents (NAEA) the number of first time buyer sales in July fell from 29% of all sales made to just 23%, the release of these figures come at a time when housing supply figures show an increase in July and the number of house hunters reaching its highest…
Read MorePensioners invest in Buy-to-Let
The buy-to-let sector of the property market remains as strong as ever, new data reveals that the number of buy-to-let deals available to first-time landlords has increased 13 per cent in the last few months. It is just a few weeks since the relaxtion of rules came into effect concerning changes to how pensioners are…
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