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News Tag: UK property market

December 21, 2012

Home rental costs down in November

by Jan Harris
Home rental costs down in November
The cost of renting a house in England and Wales fell by 0.4 per cent in November, its first dip since March, according to a survey by LSL Property Services. Average rent was £741m during the month, returning to the level seen in September. However, it was 3.4 per higher than in November last year. The south east of England ...




September 10, 2012

NewBuy scheme helps 1,300 first time buyers

by Jan Harris
NewBuy scheme helps 1,300 first time buyers
The Government's NewBuy scheme, which was launched in March, has already helped 1,300 first-time buyers onto the property ladder according to the Home Builders Federation (HBF). NewBuy was launched in an effort to increase activity in the first-time buyer market and to help the country’s ailing house building sector. The scheme, which was developed by the HBF and the Council of Mortgage ...




August 1, 2012

House price fall accelerates in July

by Jan Harris
House price fall accelerates in July
Nationwide building society reported a faster fall in house prices in July, as the economy continues to falter. House prices fell by 0.7 per cent in July, the fourth time they have declined in five months, and the fastest fall in three years. The average house price is now £164,389, 2.6 per cent lower than a year ago. Nationwide attributed falling ...




May 17, 2010

House sellers respond to rising stock levels

by Gill Montia
”House
Rightmove has reported that the week before the General Election saw the highest number of new sellers entering the UK property market since June 2008. However, the property portal observes that the lack of mortgage finance is now beginning to tell, with 2010 unsold stock levels continue an "inexorable rise". As a result, new sellers are being cautious over asking ...




April 16, 2010

Housing market recover “well underway”

by Gill Montia
”Housing
The UK property market experienced a seasonal bounce last month, with estate agents reporting more properties for sale alongside a rise in the number of house-hunters. According to the National Association of Estate agents (NAEA), the stock of homes for sale in March was at its highest for six months, and although first-time buyer interest waned slight when compared with February, the numbers ...




March 4, 2010

House sales soar in February

by Gill Montia
”House
Agency Express has reported a surge in house sales between January and February, with three regions reporting their highest monthly sales since the market peak in 2007. According to the firm, which claims to be the UK’s largest "For Sale" board management contractor, every region except Central England saw substantial month-on-month increases, with star performers as follows: The North West a 152.4% rise in ...




February 15, 2010

First-time buyer affordability measures “overly positive”

by Gill Montia
”First-time
New research from the Council of Mortgage Lenders (CML) suggests why it has become harder for first-time buyers to enter the UK's property market in recent years, despite the "sea-change" decrease in interest rates since the early 1990s. Falling interest rates should mean a rise in the size of mortgage that can be serviced from first-time buyers' incomes. However, in the case of ...




November 17, 2009

Regional response to end of stamp duty holiday

by Gill Montia
”Regional
With the stamp duty holiday due to end on 31st December, the Royal Institution of Chartered Surveyors (RICS) is warning that a return to the previous structure of the tax could have a detrimental affect on the UK's fragile property market. According to the body, regions that are already lagging behind in the recovery will be worst affected. In a recent ...




September 19, 2009

Dragons’ Den entrepreneur to kick-start UK property market

by Gill Montia
Dragons' Den entrepreneur to kick-start UK property market
Entrepreneur, James Caan, has launched an attempt to kick-start the UK property market in conjunction with property portal, Look4AProperty.com. Look4AProperty Money is offering interest-free loans to cover costs such as stamp duty and legal fees, with access to the scheme through a UK-wide network of selected estate agents. According to Mr Caan, who is best known for his appearance on Dragons' ...




September 9, 2009

Mortgage data shows housing market confidence recovering

by Gill Montia
”Mortgage
Latest figures from moneysupermarket.com indicate that confidence in the UK's property market is recovering. Since January, the price comparison website has recorded a 20% rise in the number of searches for mortgages for house purchasers. As a result, the number of property movers visiting the site has exceeded the number of remortgagers. Remortgage searches fell by a third at the end of August, ...




June 29, 2009

New mortgage approvals rise again

by Gill Montia
”
The outlook for the UK property market remains positive with the Bank of England reporting a rise in new mortgage approvals during May. The number of loans approved for house purchases increased to 43,414, up from 43,191 in April and marking the fourth consecutive monthly rise. However, in value terms net lending for house purchases increased by just £324 million in May, the ...