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Survey: house price decline softens

March 13, 2012 By Leave a Comment
How to value your home.

House prices fell in February, a report has said, but at the slowest rate in 18 months as sales continued to rise. A balance of 13% of estate agents reported falling prices in February, the Royal Institution of Chartered Surveyors (Rics) said, with London being the only part of the country to register an increase in property prices. The softer fall in prices came as a balance of 16% of surveyors reported an increase in the number of sales, which despite being historically low is the best reading since September 2010. The market has seen an upturn in activity as the March 24 deadline … [Read more...]

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The high price of property near an award winning restaurant

February 21, 2012 By Leave a Comment
Michelin Star- The high price of property near an award winnig restaurants

It may not be the first question a prospective buyer considers, but research suggests that property near award winning Michelin starred restaurants command a higher price. On average areas with a Michelin starred restaurant have house prices some 42% more than the surrounding region’s average, and a third of these have asking prices that are typically 50% above the regional average. The new research from PrimeLocation shows that the highest is Ascot in Berkshire, home to Coworth Park, where house prices are 146% higher than the regional average. The effect is not limited to towns in … [Read more...]

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Value of UK residential property soars by £1.8 trillion in past decade

February 14, 2012 By Leave a Comment
Value of UK's private housing rose from 2001 to 2011 by £1.8 trillion, says research

The value of the UK’sprivate housing stock rose by £1.8 trillion, some 84%, in the decade to 2011, according to new research from the Halifax. The value of the housing stock at the end of 2011 is estimated at £3.9 trillion, up from £2.1 trillion in 2001. The increase of £1.8 trillion over the decade is equivalent to £68,500 per household in the owner occupied and private rented sectors in the UK. The value of the UK private residential housing stock has grown at more than twice the rate of increase in overall consumer prices, with the retail price index up by 38% over the past … [Read more...]

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Average property in Scotland being sold for £9,000 less than the asking price.

February 14, 2012 By Leave a Comment
Estate Agents

Homebuyers are still offering less than the advertised cost of a property despite more sellers dropping the asking price, according to a new report. The average property sold for around £9,000 less than the asking price in the three months to December, the s1homes Scottish House Price report said. It found the average asking price fell by 3.33% to £166,494 but the average price properties actually sold for also decreased from £163,068 to £157,174. This means the average home in Scotland is still selling for around £9,000 less than the asking price, the same as the figure for the … [Read more...]

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McCarthy & Stone parent hits £230m sale

February 9, 2012 By Leave a Comment
McCarthy & Stone

The Bournemouth-based company behind housebuilder McCarthy & Stone has grown turnover to more than £230m over the past year. Holding company Mandarin 1 now plans to grow sales of its retirement properties to 2,000 in 2015. In its annual accounts Mandarin 1, which owns 100 per cent of the share capital in all ten McCarthy & Stone businesses, said turnover had grown from £203.3m in 2010 to £230.6m in the year to August 2011. Bournemouth's McCarthy & Stone builds retirement properties across the UK, and bought 59 sites during its last financial year. Profit was also up … [Read more...]

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For sale: a little Highland pile nestling in upstate New York

February 1, 2012 By Leave a Comment
High Tor, which stands in eight acres in New York State, has been lavishly renovated

FOR the discerning buyer looking for a Highland pile, High Tor could be the perfect purchase. Sitting in eight acres of land, the 5,000sq ft building seems every inch the medieval castle, with vast stone vaulted halls, hidden passages and, it is even rumoured, its own ghost. But there is a catch – the buyer will need to travel to the United States to take up residence. The property is in fact a reproduction of a 13th century Scottish castle, built in New City, in Rockland County, upstate New York, around 1920. It has come on the market for the first time in more than 50 years … [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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DPG Launches TV Ad

January 4, 2012 By Leave a Comment
findaproperty

Digital Property Group’s new FindaProperty.com TV ad will be screened this January and the company promises that it will be its biggest and most memorable ever. In a market where the TV ads focus on rational messaging, FindaProperty.com will bring humour and excitement to the market. Sheraz Dar, Marketing Director, Digital Property Group, says: “With all of the property portals expected to be on TV in January, we feel that doing something different will achieve stand out and make homebuyers take notice. So rather than re-running our 2011 ads, or creating a similar execution, we … [Read more...]

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British property prices flat in 2011 but regional divide widens

January 4, 2012 By Leave a Comment
renting

Average house prices in Britain have remained mostly flat in 2011 while the division between North and South has widened, according to figures released by property website Zoopla. The average house price finished 2011 at £221,331, down a modest £854 (0.23%) from the same time one year ago. But regional contrasts have widened. In England, property values have risen over the past 12 months in London and the South East whilst falling substantially in the North. The average home in London is now worth £416,890 up 2% on one year ago. The North East was the worst performing region over … [Read more...]

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Edinburgh University plans to redevelop Deaconess House for student accommodation

January 4, 2012 By Leave a Comment
Deaconess House

Proposals have been tabled for the redevelopment of Deaconess House, a former Edinburgh hospital, to form new student accommodation for Edinburgh University. Works will entail refurbishment of the existing Victorian property alongside demolition of various outbuildings to form a new build extension, accommodating 334 single occupancy rooms arranged around a central private courtyard. A materials palette of natural stone and powder coated aluminium panels will be used whilst an extensive part green roof will also be used. The scheme has been designed by the Kalyvides Partnership for … [Read more...]

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