Property Investment News and Analysis from Jet-to-Let Magazine

UK house prices saw their biggest fall in 12 years during November, mortgage lender Nationwide has said. The firm's data suggests the cost of an average home slid by 0.8% from a month earlier - the first drop in price seen since February last year.

The annual rate of house ... more »

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Tuesday, November 27

Darling hints at capital gains tax U-turn

by Jet-to-Let Magazine on Tue 27 Nov 2007 11:46 GMT

Alistair Darling today signalled that he may backtrack on his unpopular changes to capital gains tax, as critics continued to attack his decision to announce the proposal without consulting the business community first.

Speaking at the CBI annual conference this lunchtime, the chancellor said he was "open to suggestions" ... more »

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Thursday, November 22

Hips home packs get full roll-out

by Jet-to-Let Magazine on Thu 22 Nov 2007 17:02 GMT

Home information packs (Hips) will be required for all properties being sold in England and Wales from 14 December, the government has announced.

Since September, all properties with three or more bedrooms have required a Hip before they can be sold.

The packs have proved controversial, with many critics claiming ... more »

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Wednesday, November 21

6% growth in mortgage lending

by Jet-to-Let Magazine on Wed 21 Nov 2007 10:40 GMT

Gross mortgage lending grew to an estimated £32.4 billion in October, rising nearly 6% from £30.6 billion in September and £30.6 billion in October last year, according to the Council of Mortgage Lenders (CML).

While the increase is higher than the 3% seasonal rise that might typically be ... more »

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New legislation for greener, more affordable housing

by Jet-to-Let Magazine on Wed 21 Nov 2007 10:38 GMT

A new Bill which will drive forward the Government’s pledge to build 3 million greener, more affordable new homes by 2020 to help first-time buyers and families was published today by Housing Minister Yvette Cooper.

New measures in the Housing and Regeneration Bill include legislation to remove barriers to ... more »

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Friday, November 9

1 In 4 Landlords Plans To Grow Property Portfolio Over Next Five Years

by Jet-to-Let Magazine on Fri 09 Nov 2007 17:16 GMT

Almost a quarter (23.4%) of landlords plan to expand their property portfolios over the next five years, according to research carried out by the National Landlords Association. Nearly 60% of landlords believe the size of their property portfolios will remain unchanged over the same period.

Fewer than 18% of ... more »

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Thursday, November 8

Halifax record fall in house prices

by Jet-to-Let Magazine on Thu 08 Nov 2007 15:49 GMT

The latest monthly survey carried out by Halifax suggests evidence of a slowdown.

The results contradict the latest research from Nationwide, which illustrated prices picking up during October.

According to Halifax, house prices fell by 0.5% in October. Overall, house prices in the three months to October were 0.3% higher ... more »

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UK rates stay unchanged at 5.75%

by Jet-to-Let Magazine on Thu 08 Nov 2007 15:47 GMT

The Bank of England has kept UK interest rates unchanged at 5.75% for the fourth month in a row in a widely expected move.

The Bank's decision is likely to have been influenced by the surging oil price, now close to $100 a barrel, which increases the risk of inflation. ... more »

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House prices to 'cool not fall'

by Jet-to-Let Magazine on Thu 08 Nov 2007 11:27 GMT

A new economic forecast says there is a one-in-three chance of UK houses prices being lower in real terms in 2010 than they are now.

In its latest analysis of the housing market, PwC said its research suggested prices were 10% "overvalued" against indicators such as average earnings.

But it ... more »

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