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Housing market showing signs of steady improvement

April 3, 2012 By 1 Comment
How to value your home.

The UK housing market showed signs of continued improvement during March according to the latest figures from the Agency Express Property Activity Index. Month-on-month data for March 2012 shows that nationwide residential property sales increased by 5.2%, whilst new ‘for sale’ listings also rose by 10.5% compared to February. Despite this, data for both categories shows that there is some catching up to do against March 2011, with sold properties still down by 8% and new listings down by 7.8%. Of the 12 UK regions covered within the Index, some of the more buoyant and consistent … [Read more...]

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UK estate agent fees vary considerably, new research shows

January 24, 2012 By Leave a Comment

Estate agent fees in the UK often lack transparency and there is great variation in the levels of fees that estate agencies across London charge, according to a new survey. The varied picture of estate agent fees across London shows it is not necessarily the most expensive postcodes that have the highest charges, according to the research by property agent comparison website ipostcode. Some of the highest average commissions are charged in the SE1 (Bermondsey), NW11 (Golders Green) and W6 (Hammersmith) postcodes, where as agents in E8 (Dalston), N8 (Crouch End) and SE28 (Thamesmead) … [Read more...]

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Mortgage success helps Taylor Wimpey buyers make property moves

January 6, 2012 By Leave a Comment
New Homes

Taylor Wimpey in Scotland has an incredible record of getting buyers on the move to their dream home – whether it’s their first step into the property market, or a move up or down the property ladder. Latest figures from Taylor Wimpey in Scotland show that overall 92%* of mortgage applications made by their clients are successful, and that 90%** of first time buyers get the green light on their mortgage application after being pre-qualified by an Independent Financial Advisor. During the month of January, Taylor Wimpey in Scotland would like to encourage all buyers – whether first … [Read more...]

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Student accommodation leads the UK property market

January 6, 2012 By Leave a Comment
renting

According to the latest industry reports, UK student accommodation continues to outpace the rest of the property market as investors continue to take advantage of a shortage of university housing places and a growing number of wealthy overseas students. CBRE, a world leading real estate advisor recently released a report that stated £863 million was invested into student accommodation in 2011.This figure represents a significant increase compared with 2010 which saw £770 million invested into student accommodation and a staggering 220% increase on the amount invested in 2009. The … [Read more...]

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Reform needed to halt ‘lost decade’ of housebuilding

December 30, 2011 By Leave a Comment
The House Builders Associations welcomes NewBuy mortgages but warned it could create further barriers for smaller house builders.

The UK is at risk of a ‘lost decade’ of housebuilding unless the development industry is reformed, a think-tank has warned. In a new report, the Institute for Public Policy and Research (IPPR) warns that the past two British house building recessions, starting in 1974 and 1990, both resulted in a ‘lost decade’ for housing output. It says there are good reasons to believe the current trajectory of the building sector is “following a similar path to deliver another lost decade for market housing output”. The IPPR says we currently have a housing industry which looks to make … [Read more...]

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NAEA 2012 property market predictions

December 20, 2011 By Leave a Comment

The National Association of Estate Agents today revealed itspredictions for the UK property market over the next 12 months. NAEA chief executive Peter Bolton King said 2012 will see a ‘gradual’ recovery for the UK property market, as it continues to bounce along the bottom – with no “great upturn” to mark a change from the previous 12 months. Mr Bolton King said: “I don’t believe that we will see a significant fall in house prices over the next 12 months as some have feared. But equally, it is unlikely we will see any great upturn to help the market back to full capacity. … [Read more...]

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Scottish house prices drop 1.4pc

December 19, 2011 By Leave a Comment
Scotland, Edinburgh

House prices in Scotland declined 0.1% in October compared to the previous month. LSL attributed the lack of demand from buyers to difficulties in securing a mortgage and not the cost of homes. Richard Sexton, director at e.surv, said: “Prices haven’t dropped off a cliff and remain relatively stable. With inflation consistently breaching the 5% barrier, property is becoming more affordable, which is encouraging news for buyers. “Despite headline figures showing the banks are lending more, they are still demanding big deposits, which are keeping the lower end of the market in … [Read more...]

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Easyroomate Teams Up with Globrix.com

December 18, 2011 By Leave a Comment
Easyroommate logo

The UK’s flatshare website Easyroommate.co.uk has agreed an exclusive partnership with property portal, Globrix.com, part of the Digital Property Group which also comprises FindaProperty.com and PrimeLocation.com. Globrix.com, which attracts ‘tech savvy’ home searchers has chosen to exclusively work with Easyroommate.co.uk after working together for over three years. The new flatshare section on Globrix.com will allow users to register on Easyroommate.co.uk for free, whether they are looking to rent a room or find a flatshare and will add an extra dimension to its large index of UK … [Read more...]

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Brokers warn FirstBuy may be the only high-LTV option available for house buyers

December 18, 2011 By Leave a Comment
The House Builders Associations welcomes NewBuy mortgages but warned it could create further barriers for smaller house builders.

Brokers are warning that lenders could withdraw their higher-loan-to-value mortgages if the eurozone crisis worsens, leaving the Government’s mortgage indemnity scheme and housebuilders’ shared-equity schemes as the only high-LTV options. Last month, the Government launched a mortgage indemnity scheme for new build properties that allows buyers to borrow up to 95 per cent of the value of their home. John Charcol senior technical manager Ray Boulger (pictured) says: “If the situation in the eurozone deteriorates, lenders will have to cut back on their lending and I think it will be … [Read more...]

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Home affordability for second steppers at historic low

December 18, 2011 By Leave a Comment
estate agents

The first Lloyds TSB Homemovers Review tracks conditions for those already in the housing market. The housing affordability measure for second steppers – those people still living in their first home but looking to take their next step up the property ladder – is calculated as the average price for a typical second stepper home adjusted for the equity position from their current home as a ratio of average earnings. The calculation is based on a single income and is, therefore, conservative. The review is based on data from the Halifax house price database, the Council of Mortgage … [Read more...]

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