|
|
||||
|
Search
My Favorite Web Logs
Recent Articles
This Month
Month Archive
Login
|
Friday, November 30
UK property market 'turning down'
by
Jet-to-Let Magazine
on Fri 30 Nov 2007 09:16 GMT
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 » 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 » 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. The packs have proved controversial, with many critics claiming ... more » 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 »
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 » 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. 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 »
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.
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. But it ... more » Wednesday, October 31
House prices show surprise rise
by
Jet-to-Let Magazine
on Wed 31 Oct 2007 12:26 GMT
The month-on-month rise was the strongest since June, taking the annual rate of ... more » Friday, October 19
Public display confidence in house price growth
by
Jet-to-Let Magazine
on Fri 19 Oct 2007 14:21 BST
Consumers have expressed confidence that the housing market will continue its price boom despite strong evidence to the contrary, research by the Association of Investment Companies (AIC) has revealed. In the AIC’s survey, almost two-thirds (62%) of the general public (1,004 people) stated a belief that the housing market ... more » Tuesday, October 16
Tories to vote against CGT change
by
Jet-to-Let Magazine
on Tue 16 Oct 2007 14:53 BST
Conservative MPs will vote against part of the upcoming finance bill if it includes controversial changes to the capital gains tax (CGT), detailed in last week's pre-budget report, the shadow chancellor George Osborne said yesterday. As a growing number of lobby groups and business people voiced their dismay at the ... more » Thursday, October 11
Banks hold rates as UK house prices slow
by
Jet-to-Let Magazine
on Thu 11 Oct 2007 14:45 BST
The British and European central banks keep their interest rates unchanged in the face of more volatility in the financial marketsDearbail The Bank of England’s Monetary Policy Committee's (MPC) voted today to keep the interest rates unchanged at 5.75 per cent, as the six-year high in borrowing costs ... more »
Lending remains buoyant as affordability worsens, says CML
by
Jet-to-Let Magazine
on Thu 11 Oct 2007 14:44 BST
The total of gross lending in August was £34 billion, little changed from July’s £34.1 billion and £1 billion higher than in August last year. But the make up of lending has changed significantly since a year ago. Both lending for house purchase and re-mortgage have declined by 11% ... more » Friday, October 5
BoE leaves interest rates at 5.75pc
by
Jet-to-Let Magazine
on Fri 05 Oct 2007 09:38 BST
The Bank of England has resisted increasing pressure to cut interest rates as policy makers take more time to assess the impact of the credit crunch on the broader economy. The decision by the Bank's Monetary Policy Committee to leave the cost of borrowing at 5.75pc was predicted by all but one of the 60 economists surveyed by financial news agency Bloomberg. Governor Mervyn King has come under heavy fire for his handling of last month's Northern Rock crisis, which has dented consumer confidence and called into doubt the Bank's earlier projection that rates would need to rise to 6pc. While the members of the MPC are taking more time to examine the impact of the financial turmoil on the rest of the economy, housing data today from the The Bank had indicated in its quarterly Inflation Report in August that rates might have to rise keep inflation on track, but since then the CPI has dropped and the economy has been beset by profound threats. Today's decision to leave rate on hold will come as a disappointment to the British Retail Consortium. Kevin Hawkins, its director general, yesterday called for the bank to take immediate action on rates. The plea from the country's retailers comes after a warning from the Ernst & Young Item Club over the weekend that a cut would be the smartest move for the economy and the struggling financial services sector. Source: The Telegraph Thursday, October 4
House prices drop for first time this year
by
Jet-to-Let Magazine
on Thu 04 Oct 2007 09:56 BST
House prices have fallen for the first time this year, according to the latest monthly survey from The slide was led by prices in
No change expected for UK rates
by
Jet-to-Let Magazine
on Thu 04 Oct 2007 09:54 BST
The Bank of England is expected to keep interest rates on hold at 5.75% later while it assesses the economic impact of the recent financial turmoil. Most experts believe policymakers will adopt a "wait and see" policy on rates until a clearer picture emerges of the effects of the ... more » Thursday, September 20
House price growth turned negative in August says RICS.
by
Jet-to-Let Magazine
on Thu 20 Sep 2007 16:25 BST
House prices growth turned negative for the first time since October 2005. 1.8% more Chartered Surveyors reported a fall than rise in house prices, down from 10.8 reporting a rise in July. Demand continued to weaken as rising interest rates weighed on buyer affordability. The trend ... more » Tuesday, September 18
One-in-ten chance of housing crash, says RICS
by
Jet-to-Let Magazine
on Tue 18 Sep 2007 14:19 BST
There is a one-in-ten chance of a crash in the housing market over the next year, according to the Royal Institution of Chartered Surveyors. Simon Rubinsohn, chief economist for the RICS, also said there was a 20-per-cent chance of a 10-per-cent drop in Monday, September 17
Buy-to-let investors return as rental market sees record growth
by
Jet-to-Let Magazine
on Mon 17 Sep 2007 17:14 BST
Buy-to-let investors returned to the market as rental growth reached record levels. Tenant demand for rental property has been boosted by declining accessibility, rising uncertainty and a slowing housing market which has reduced the impetus on would-be home buyers to enter into the market, says the RICS Lettings Market ... more »
Alan Greenspan warns of UK house prices drop
by
Jet-to-Let Magazine
on Mon 17 Sep 2007 17:13 BST
Alan Greenspan, the former head of
Alan Greenspan warned recent increases in house prices were unsustainable He warns of "difficulties" ahead for
Bank lending rate rises on Northern Rock woes
by
Jet-to-Let Magazine
on Mon 17 Sep 2007 17:12 BST
The short-term lending cost between banks has shot up in the wake of the run on Northern Rock, figures show today. The overnight interbank Libor rate surged to 6.47 per cent this morning compared with 5.87 per cent on Friday and above the 5.75 per cent Bank of England ... more »
Mortgage borrowers and savers told not to panic
by
Jet-to-Let Magazine
on Mon 17 Sep 2007 16:45 BST
Borrowers and savers have little to fear, despite Northern Rock's need for an emergency loan from the Bank of England, industry experts said, though they believe liquidity problems could slow the property market. Mortgage borrowers and savers with Northern Rock -- the country's eighth-largest listed bank -- can have ... more » Thursday, September 13
Fall in loans to buyers and re-mortgagors
by
Jet-to-Let Magazine
on Thu 13 Sep 2007 12:25 BST
The number and value of mortgages taken out by both home-buyers and those re-mortgaging fell in July, according to the Council of Mortgage Lenders. But lending not accounted for by house purchase or re-mortgaging (primarily made up of further advances and buy-to-let) rose to its highest-ever value - £7.8 billion ... more »
'Mis-priced' risk at heart of credit turmoil
by
Jet-to-Let Magazine
on Thu 13 Sep 2007 12:22 BST
Mervyn King, the governor of the Bank of England, today blamed risky behaviour by banks for the current financial turmoil and warned that an over-generous bail out by Releasing evidence that he will give to next week's ... more »
Slowdown fuels tenant frenzy
by
Jet-to-Let Magazine
on Thu 13 Sep 2007 12:17 BST
Tenant demand for rented accommodation is growing strongly on the back of a slowing housing market, higher borrowing costs and the uncertain outlook for house prices, three key sources of independent research on the private rented sector have confirmed. The increased level of demand is creating an upward pressure ... more » Wednesday, September 12
House price inflation ‘slowing’
by
Jet-to-Let Magazine
on Wed 12 Sep 2007 09:37 BST
House prices increased by 0.4% in August, according to reports by the
Buy-to-let alive and well
by
Jet-to-Let Magazine
on Wed 12 Sep 2007 09:36 BST
Buy-to-let investors are continuing to pile into the property market in spite of rising interest rates, lured by strong rises in rents, the Royal Institution of Chartered Surveyors said today. Demand for rental property is being supported by the inability of many would-be first-time buyers to afford anything. It is ... more » Monday, September 10
Prime London set to cool
by
Jet-to-Let Magazine
on Mon 10 Sep 2007 16:56 BST
The Knight Frank Prime Central London has index revealed that the uncertainty in the financial markets during August has had limited immediate impact on the prime central London residential market
The monthly rate of growth fell from 3.9% in July to a still respectable 2.1% in August, whilst the ... more » Friday, September 7
Report says UK will avoid property valuations crisis
by
Jet-to-Let Magazine
on Fri 07 Sep 2007 16:56 BST
The UK property market is unlikely to suffer the kind of valuations crisis that brought some of Germany's largest open-ended property funds close to collapse in 2005 and early 2006, according to industry research. But the report by independent UK industry group Investment Property Forum (IPF.L: Quote, Profile, Research) warned ... more » Monday, September 3
UK property price growth second only to Spain
by
Jet-to-Let Magazine
on Mon 03 Sep 2007 16:17 BST
UK house price inflation has outpaced all other EU countries apart from Spain over the last five years, Halifax research has shown. Property in Britain is now 90 percent more expensive than it was in 2001, behind only Spain on 100 percent said the study. Across the EU, property prices ... more » Friday, August 31
Rightmove predicts housing 'soft landing'
by
Jet-to-Let Magazine
on Fri 31 Aug 2007 17:15 BST
Rightmove, the UK’s biggest property website, moved to dispel fears surrounding the housing market today by insisting that, while price growth was slowing, there was no reason to panic. Ed Williams, group managing director, said that, although affordability was becoming more of a problem for potential homebuyers, the housing market ... more » Thursday, August 30
Gloomy outlook for regional house prices but London roars on
by
Jet-to-Let Magazine
on Thu 30 Aug 2007 17:43 BST
House prices are rising at the slowest rate for more than a year, with some regions suffering a highly unusual sustained drop in property values, according to authoritative government figures. Property prices rose by only 0.1pc in July, taking the annual inflation rate down from 9.1pc to 8.8pc, according to ... more » Wednesday, August 29
House price growth slows to 0.1%
by
Jet-to-Let Magazine
on Wed 29 Aug 2007 17:45 BST
House price inflation eased last month to its slowest pace in a year, new data showed today, suggesting that five interest rates rises in a year are taking their toll on the housing market. Figures from the Land Registry showed that house price growth in England and Wales slowed in ... more » Tuesday, August 28
Figures show buy-to-let market is weathering interest rate storm
by
Jet-to-Let Magazine
on Tue 28 Aug 2007 17:17 BST
The buy-to-let market held up in July, despite the increased cost of borrowing, according to Paragon's buy-to-let index. Increasing property prices and higher borrowing costs mean that the mainstream mortgage market has slowed down, but as the demand for property has remained strong, landlords have been able to raise rents ... more » Thursday, August 23
Buy-to-let: What all landlords need to know
by
Jet-to-Let Magazine
on Thu 23 Aug 2007 14:17 BST
For many years, buy-to-let seemed to be a dream investment – and for many people, it was. The deal was simple: get a cheap mortgage deal, buy a place anywhere you like from Clapham to Cleethorpes, select one of the many grateful tenants, and while you let the rent roll ... more » Tuesday, August 21
Property returns fall to lowest for 12 years
by
Jet-to-Let Magazine
on Tue 21 Aug 2007 17:18 BST
Solid evidence of a slowdown in the commercial property market emerged yesterday as figures showed the lowest monthly return from the sector for 12 years. Average total returns - rent plus capital growth - were 0.2 per cent in July, according to figures from Investment Property Databank, the research company ... more » Monday, August 20
Loophole 'makes Hips redundant', says RICS
by
Jet-to-Let Magazine
on Mon 20 Aug 2007 13:33 BST
A report claiming to have found a loophole in rules governing Home Information Packs (Hips) today has sparked fresh controversy over the beleaguered scheme. The report from the Royal Institution of Chartered Surveyors (RICS) said that new regulations published by the Department for Communities and Local Government (DCLG) on Monday ... more » Thursday, August 16
First-time buyer demand 'drops'
by
Jet-to-Let Magazine
on Thu 16 Aug 2007 13:46 BST
The number of people looking to buy a house for the first time has fallen at its fastest rate in more than three years, a report says. Inquiries from new buyers plunged in July, while the number of unsold properties rose, The Royal Institution of Chartered Surveyors (RICS) said. ... more » Friday, August 10
Higher interest rates putting a break on lending
by
Jet-to-Let Magazine
on Fri 10 Aug 2007 16:25 BST
Consecutive interest rate rises are starting to have a slowing effect on consumer borrowing, the Building Society Association reports. The Building Society Association (BSA) has reported that building society lending figures for June 2007 were significantly down on the previous year. Building society gross advances amounted to £4,650m in June ... more » Thursday, August 9
Hawkish inflation report is seen as rate rise signal
by
Jet-to-Let Magazine
on Thu 09 Aug 2007 17:15 BST
Homeowners could see their mortgage payments rise again after the Bank of England signalled yesterday it may need to raise interest rates to 6% to ensure inflation remains under control.
Analysts said the increase could come sooner rather than later after the Bank's governor, Mervyn King, stressed that the turmoil ... more »
Latest report is further sign of HIP’s inadequacy, according to NAEA
by
Jet-to-Let Magazine
on Thu 09 Aug 2007 17:13 BST
The government received yet more criticism of its home information pack (HIPs) initiative today, this time in the form of a report published by the National Audit Office on the implementation of the Packs. Peter Bolton King, Chief Executive at the National Association of Estate Agents (NAEA), commented on the ... more »
Half of all first time buyers opt to live near the office
by
Jet-to-Let Magazine
on Thu 09 Aug 2007 17:02 BST
Most first time buyers choose an easy commute over living close to friends and family. As property prices continue to escalate, first time buyers face making more sacrifices with many opting for convenience for work over their social life, according to research by Alliance & Leicester Mortgages. |
|||
