Posts Tagged ‘properties’
January house price growth steady according to Nationwide.
The Nationwide House Price index for January shows that House prices increased by 0.3%, that is down from 0.8% in December. Annual house price growth was broadly stable at 4.4% down only slightly from 4.5% previous annual change. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The pace of UK house price…
Read MoreRightmove forecasts 6% rise for 2016
The Rightmove House price Index showed the lowest December dip (-1.1%) since 2006 in price of property coming to market, the 2015 annual rate up from 6.2% to 7.4% Rightmove 2016 forecast is that new seller asking prices to rise by 6%. Increasingly stretched affordability and extra stamp duty on buy-to-let sector will be outweighed…
Read MoreStorms Eva and Frank
David Cameron pledges a £40m package to fix Britain’s flood defences in areas devastated by storms before and over Chrsitmas, he made this committment following his personal visit to see the damage caused by the storms, Lib Dem leader Tim Farron and shadow environment secretary Kerry McCarthy both criticised the pledge as too little too late.…
Read MoreGovernment help for flood-hit communities
Flood affected communities will not face Council Tax or business rate bills for the homes and businesses they have been displaced from, Greg Clark announced yesterday. The Communities Secretary said this forms part of wider government efforts to ensure areas affected by the aftermath of Storm Desmond get the support they need. Communities Secretary Greg…
Read MoreEffects of extra stamp duty cost.
In the recent Autumn Statement George Osborne announced that there would be an additional 3% stamp duty on second homes and buy to let properties, this increase will come into force from April 2016, adding thousands in tax. Potential buy-to-let purchasers in a rush to avoid the additional stamp duty rate could fuel a 7%…
Read MoreThe future for Buy-to-Let
Following the election back in May of this year there was one sector that shined out above the rest in the property industry, that was buy-to-let, how things can change in just over 6 months. Very few buy-to-let stakeholders would have imagined that when the Conservatives were returned to office without the hinderance of the…
Read MoreNationwide November HPI
Nationwide House Price Index report for November. House prices increased by 0.1% in November up 0.5% from October. Annual house price growth softened to 3.7% from 3.9% in October. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: UK house prices edged up by 0.1% in November, though the annual pace of price growth…
Read MoreAverage rents fall in October
Rents reached an all time high in September of £816 a month across England and Wales, October saw a small reduction down to £806 a month, just a dip of 1.2%, however rents are still 4.7% higher than a year ago, this is according to Your Move estate agents. Despite the slowdown in rent rises…
Read MoreTax relief cut is bad news for BTL
According to a new survey by Your Move and Reeds Rains, the reduction in tax relief is the reason that 50% of all landlords are currently looking to sell their buy-to-let (BTL) properties, the announced cut in tax relief for landlords to the 20 per cent basic rate has become a major factor for landlords…
Read MorePurplebricks.com to float on stockmarket.
In a news item late yesterday Sky News announced that it has learnt that Purplebricks, the online estate agent has informed shareholders in recent days that it wants to float on the stock market as soon as the first week of December. Backed by the City’s leading fund manager Neil Woodford, this would give the…
Read MoreMarket trend data for September
Land Registry monthly market trend data for residential property prices in England and Wales. The September data shows an annual price increase of 5.3 per cent which takes the average property value in England and Wales to £186,553. Monthly house prices up 1.0 per cent since August 2015. The regional data indicates that: The region…
Read MoreFall in sales of million pound homes
According to the latest research from Lloyds Bank sales of properties worth at least a million pounds have fallen in the first half of 2015. Sales are down by 11% compared to the same period in 2014 that is from from 6,303 to 5,599, this is in stark contrast to the 46% increase seen in…
Read MoreRight-to-Rent roll out date fixed
The government announced yesterday that as from the 1st February 2016 all private landlords letting property in England will be required to check the immigration status of prospective tenants before before renting out their property. This is the next stage of the scheme’s national roll out after being launched in the Midlands, under the new…
Read MoreHouses.co.uk domain for sale.
Just two years after the launch of Houses.co.uk the domain name is now up for sale, that is according to a recent blog on the Sellingup.com website, ‘an independent guide to how to sell your property for the maximum profit with the minimum stress’. The name is currently listed for sale on domain marketplace website Sedo…
Read MorePetition to reverse planned tax relief changes
In a recent article in one of the major financial papers it warns that the buy-to-let boom is now coming to an end, it puts the reasons as the removal of yield-enhancing tax reliefs and an impending interest rate rise. It reported that 80% of new homes built since the turn of the century have…
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