News Archive
Landlords go for gold with the Olympics
Agents in London are coming under pressure from landlords and house owners who are going for gold, asking huge rental prices during next summer’s Olympics.
UK home prices increased in November
Fresh figures from the Nationwide Building Society show that home prices increased for the third consecutive month during November, with the average price of a residential property stood at £165,798.
Mortgage approvals increase
The volume of mortgages approved for residential property, but not yet completed, has increased marginally to its highest level for almost two years.
Due diligence is essential for all landlords, says NLA
Landlords must carry put all necessary background checks on potential tenants before letting their homes, the National Landlords Association (NLA) advises.
Welsh property prices remain flat
Residential property prices in Wales have remained stable, despite weak confidence in the overall economy, according to the latest figures from the LSL Property Services/Acadametrics House Price Index.
Discover where the UK’s top property savers are located?
Fresh figures from new saving and investing website,has discovered that it would currently take the average Londoner over 19 years to save for a house deposit in the capital.
High rental prices ripple along the river in London
Rental prices across London are continuing to reach new highs on the back of greater demand among tenants unable to escape the property rental trap due to the lack of mortgage liquidity available.
Higher number of homes sold in November
The overall number of homes sold in November 2011 increased by 1.4% compared to the same month last year and is up 0.1% against November 2009, report Agency Express.
Repossessions could soar if mortgage lenders raise borrowing rates
Mortgage arrears and repossession rates could increase significantly if there is a rise in interest rates anytime soon suggesting that record low interest rates are keeping mortgage arrears levels artificially suppressed.
UK home prices remain stable
Residential property prices were unchanged in November as an increase in transactions helped support prices, according to Acadametrics Ltd and LSL Property Services Plc.
Top 10 ways to save energy this Christmas
Moneysupermarket's financial journalist, Jess Bown, explores ways of saving money on your energy bills this Christmas.
Prime central London property prices rose 7.9% in 2011, says Cluttons
Prime central London property prices appreciated by an average of 7.9% in 2011, recording a 1.1% increase in Q4 with prices now 2.48% below the market peak of Q3 2007.
RICS: Home prices continue to slow
A lack of mortgages and a fragile economy is placing downward pressure on property prices, according to the latest report from the Royal Institute of Chartered Surveyors (RICS).
Buying property is more attractive than renting in 94% of British towns
With more people being pushed into rental accommodation, due to the difficulties would-be purchasers face in getting financing, coupled with low mortgage rates has made buying property in Britain more attractive today than it has ever been in comparison to renting.
Hike in repossessions could have adverse impact on home prices
Residential property repossessions are expected to rise in 2012, according to the Council of Mortgage Lenders (CML) which would inevitable place downward pressure on property prices in parts of the country.
Rising top-end home prices creates more property millionaires
The number of property millionaires in this country increased over 2011 despite the fact that average property values fell, according to property portal Zoopla.co.uk.
Central London property boom continues
The value of prime central London’s finest homes increased by an average of 1% in November 2011, contributing towards significant capital growth in 2011, according to the Knight Frank Prime Central London Sales Index (PCL).
Cheap mortgages could boost demand for homes
Home prices in parts of the country could be boosted by the availability of cheap mortgages, thanks to the persistence of low interest rates.
Rents in London up 13% in 2011
Average rents in London increased to 1,177 per month in November, according to the latest HomeLet Rental Index.
Property sales hit annual high
Home sales hit their highest monthly level of the year so far in November, the latest data from the HMRC shows. There were 85,000 property sales last month, up from 79,000 in October, it said.
Home prices expected to “edge lower” in 2012
Residential property prices in British are expected to fall by about 3% in 2012, according to the Royal Institution of Chartered Surveyors (RICS).
