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UK property year on year growth turns negative for first time in six months

March 31, 2012 By Leave a Comment
renting

The price of a typical UK residential property fell by 1% in March and prices are now averaging £163,327, some 0.9% lower than a year ago, according to the latest figures from the Nationwide Building Society published today (Thursday 20 March. It means that the year on year rate of house price growth is now in negative territory for the first time in six months. But on a quarterly basis just over half of the 13 UK regions recorded annual price growth in the first quarter of 2012. The North saw the strongest quarterly growth rate, with prices up 0.6%. This pushed the annual rate of price … [Read more...]

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Value of Scotland’s residential property soars by £149 billion in past decade

February 14, 2012 By Leave a Comment
Scotland, Edinburgh

The value of private housing stock in Scotland increased by £149 billion, or 131%, in the decade to 2011, more than anywhere else in the UK, according to new research from the Bank of Scotland and the Halifax. The value of the housing stock at the end of 2011 is estimated at £263 billion, up from £114 billion in 2001. The increase of £149 billion over the decade is equivalent to £69,000 per household in Scotland. The value of Scotland's private residential housing stock has grown at a much faster rate than overall consumer prices with the retail price index up by 38% over the past ten … [Read more...]

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Asking prices of new homes in the UK rise

February 14, 2012 By Leave a Comment
New Homes

The average asking price for a new home in the UK increased by 1.2% in December compared with the previous month, according to the latest index from Smart New Homes. It means that the last quarter of 2011 saw consecutive monthly increases with prices up 2.6% over the three months, the index also shows. The new homes market saw annual price growth of 3.2% in 2011, which is the first calendar year to see positive growth since 2006, putting the average price of a new at £227,098, some £7,029 higher than at the end of 2010. The company, whose website represents 85% of all new homes 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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First-time buyers need ‘first-time sellers’

February 6, 2012 By Leave a Comment
renting

Rightmove’s latest First-Time Buyer Report forecasts a marginal rise in prospective first-time buyer levels for the year ahead, but also finds evidence of a new hurdle on the path to home-ownership as a lack of choice increases the difficulty in finding a suitable property to buy. The proportion of buyers who intend to purchase their first home over the next year has edged up to 24.3%, up 1.4% on last quarter and 1.5% year-on-year. However, analysis by Rightmove, which advertises around 90% of homes currently for sale in the UK market, also finds that the number of new properties … [Read more...]

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Interior Design Focused on Quality: Mont East Flat in Hong Kong:

February 6, 2012 By Leave a Comment
Midas Property Consultants - Hong Kong contemporary-apartment-1

Just have a look at the original and elegant features this loft puts on display! Designed by Pal Pang of studio Another Design International, this contemporary apartment entitled Mount East Flat and located in Hong Kong has what it takes when it comes to providing inspiration. An atmosphere that emanates complete freedom, aesthetics and unique design and quality were the main elements that this project was built on. Just by using a clever mix of wood, glass and appealing textures, the designers managed to give this home a luxurious look, without major costs. The loft accommodates a large … [Read more...]

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Six out of 10 home movers believe the current market favours buyers

February 1, 2012 By Leave a Comment
estate agents

Six out of 10 home movers believe the current market favours buyers, with people in Scotland the most likely to hold this opinion and Londoners the least likely, a study from property analyst Rightmove has found. While much of the market has stagnated, London has been boosted by demand from overseas buyers, and analysts have predicted this trend will continue in 2012 as the city prepares to host the Olympics. Some 30% of those surveyed across Britain believe prices will be lower in a year's time, outstripping the 25% who expect prices to be higher. However, in London people tended to be … [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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Prime Scottish Property Prices Slip by 3.2% in 2011 but the Scottish Borders Buck the Trend

January 30, 2012 By Leave a Comment
Scotland, Edinburgh

 Knight Frank Prime Scottish Property Index, Q4 2011 Headlines: Scottish prime house prices down 1.3% in Q4 after a 1.5% decline in Q3 Values are down 3.2% on an annual basis Large country houses have fallen in value by 4.3% year on year, while cottages are down 1.5% Prices are still rising in the Scottish Borders, with a 1.2% annual rise, but average values down 7% in the South West Stock levels up 10% Property in Edinburgh: prices down 1% in Q4 taking the annual decline to 2.8% Average prices of country houses outside Edinburgh fell by 1.3% in the final three months of the … [Read more...]

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