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Thursday, February 18
House prices rose by 2.9% in 2009, says government
by
Jet-to-Let Magazine
on Thu 18 Feb 2010 10:16 GMT
House prices in the UK rose by 2.9% last year, according to the latest government house price survey. Prices rose by 3% in England, 3.8% in Scotland and 1% in Wales, but fell 6% in Northern Ireland, the Department for Communities and Local Government said. The figures suggest that the ... more » Monday, February 15
Stamp duty change prompts rush by house buyers
by
Jet-to-Let Magazine
on Mon 15 Feb 2010 10:20 GMT
A rush to beat the end of the stamp duty concession saw a big rise in loans made to house buyers in December, says the Council of Mortgage Lenders (CML). There were 62,800 such loans, up by 23% from November and 90% higher than in December 2008. The number of ... more » Thursday, February 4
House prices rise by another 0.6%, the Halifax says
by
Jet-to-Let Magazine
on Thu 04 Feb 2010 11:56 GMT
House prices have risen for the seventh consecutive month - rising by 0.6% in January compared with December, the Halifax has said. The average UK home was valued some 3.6% higher in January than a year earlier, at £169,777. The figures show the continued trend of rising prices which has ... more » Thursday, January 28
Home buyers get more options
by
Jet-to-Let Magazine
on Thu 28 Jan 2010 16:19 GMT
‘Cash is King’ has been the rule for some time for those buying a property, but new analysis from moneysupermarket.com has shown that providers are beginning to loosen the purse strings with more products now available to mortgage borrowers with lower deposits or equity in their properties. Deals with an ... more » Monday, January 25
Spending cuts 'could hit affordable housing'
by
Jet-to-Let Magazine
on Mon 25 Jan 2010 10:07 GMT
The number of planned affordable homes built over the next 10 years could be halved by government spending cuts, a housing campaign group has warned. The government has pledged to build three million new homes by 2020, a third of which would be affordable. The National Housing Federation said pre-Budget ... more » Thursday, January 21
Houses 'are less affordable' than 50 years ago
by
Jet-to-Let Magazine
on Thu 21 Jan 2010 10:32 GMT
Houses are less affordable than 50 years ago although the quality of homes has improved, according to the Halifax. The lender, now owned by Lloyds Banking Group, said that over the last five decades UK house prices have risen by 2.7% a year, allowing for inflation. This was above the ... more » Thursday, December 17
House prices set to rise in 2010
by
Jet-to-Let Magazine
on Thu 17 Dec 2009 10:10 GMT
Property prices are set to rise in 2010 but sellers may have to wait until the end of the year to benefit, according to the latest predictions. With the New Year looming, industry bodies are already making their forecasts on the housing market, with the Building Societies Association (BSA) expecting ... more » Monday, December 14
Households' fortunes 'mixed' in recession
by
Jet-to-Let Magazine
on Mon 14 Dec 2009 17:35 GMT
Householders' disposable income has dipped sharply in the downturn but low interest rates have saved many from debt problems, a report suggests. A safety-first attitude to savings was inspired, in part, by a fear of redundancy, the survey for the Bank of England found. The poll, carried out in the ... more » Tuesday, December 8
House prices up for fifth month in a row, says Halifax
by
Jet-to-Let Magazine
on Tue 08 Dec 2009 12:21 GMT
House prices have risen for the fifth month in a row, says the Halifax, one of the UK's biggest mortgage lenders. Its latest survey says prices went up by 1.4% in November, pushing the cost of the average UK home to £167,664. Although that is still 1.6% lower than a ... more » Monday, November 9
Prices to fall in 2010?
by
Jet-to-Let Magazine
on Mon 09 Nov 2009 17:34 GMT
Property group Savills is predicting ups and downs within the housing market over the next five years - according to the group, after a 3.7% rise in values this year, the market will see peaks and troughs... Next year will see a drop of around 6-7%, while values will rise ... more » Monday, November 2
House prices edge higher
by
Jet-to-Let Magazine
on Mon 02 Nov 2009 09:54 GMT
House prices have edged upwards for the third consecutive month in spite of signs of a slowdown in demand from new buyers, according to Hometrack, a research company. Its monthly survey of estate agents and surveyors in England and Wales showed that house prices grew by 0.2 per cent in ... more » Friday, October 16
Buyers snap up bargains in the Docklands
by
Jet-to-Let Magazine
on Fri 16 Oct 2009 14:06 BST
The property market in London’s Docklands, an area that typifies “boom and bust” better than anywhere else in the country, is finally waking up several months after the rest of the capital. Buyers, who took fright after the collapse of Lehman Brothers last autumn, have been returning to snap up flats in prestigious new developments at a fraction of their original price. Bargain hunters include first-time buyers, those seeking a pied à terre in London and foreign students studying at the Greenwich and Queen Mary universities. Most are buying property for themselves, helping to allay fears that the recession would turn Docklands into a graveyard of empty high-rise buildings. The property market in London’s Docklands, an area that typifies “boom and bust” better than anywhere else in the country, is finally waking up several months after the rest of the capital. Buyers, who took fright after the collapse of Lehman Brothers last autumn, have been returning to snap up flats in prestigious new developments at a fraction of their original price. Bargain hunters include first-time buyers, those seeking a pied à terre in London and foreign students studying at the Greenwich and Queen Mary universities. Most are buying property for themselves, helping to allay fears that the recession would turn Docklands into a graveyard of empty high-rise buildings. The property market in London’s Docklands, an area that typifies “boom and bust” better than anywhere else in the country, is finally waking up several months after the rest of the capital. Buyers, who took fright after the collapse of Lehman Brothers last autumn, have been returning to snap up flats in prestigious new developments at a fraction of their original price. Bargain hunters include first-time buyers, those seeking a pied à terre in London and foreign students studying at the Greenwich and Queen Mary universities. Most are buying property for themselves, helping to allay fears that the recession would turn Docklands into a graveyard of empty high-rise buildings...... more »Friday, October 2
House prices 'back to 2008 level'
by
Jet-to-Let Magazine
on Fri 02 Oct 2009 09:34 BST
UK house prices have now recovered to the same level as a year ago, according to the latest Nationwide figures. The average price of a home last month was equal to September 2008, it said. The building society said that UK house prices rose by 0.9% in September compared with August, the fifth consecutive monthly increase. Nationwide said the price rises suggested that the worst of the recession was over. But it warned the rate of price increases may now slow.... more »Thursday, October 1
Best-ever month for home sales
by
Jet-to-Let Magazine
on Thu 01 Oct 2009 10:21 BST
London house prices climb as demand outstrips supply, says Ruth Bloomfield London’s property market is showing persistent signs of recovery, according to three separate studies. Prime house prices in central London have risen 1.3 per cent this month. Liam Bailey, head of residential research at Knight Frank, says the market ... more » Friday, August 28
House price rise hits 5-year high
by
Jet-to-Let Magazine
on Fri 28 Aug 2009 15:08 BST
House prices in England and Wales rose by 1.7% in July compared with June - the biggest monthly leap in value since July 2004, the Land Registry said. Every region recorded a monthly rise in prices, with the average home valued at £155,885, the analysis found. But prices were still ... more » Thursday, August 27
House prices 'continue to rise'
by
Jet-to-Let Magazine
on Thu 27 Aug 2009 10:54 BST
UK house prices rose for the fourth month in a row during August, the Nationwide has said, climbing by 1.6%. According to the Nationwide, the average price of a home is now £160,224, up from £158,871 in July. While prices are still lower than last year, the annual rate of ... more » Wednesday, August 26
first direct reduces arrangement fees on offset mortgages
by
Jet-to-Let Magazine
on Wed 26 Aug 2009 17:15 BST
first direct, part of HSBC, has today cut the arrangement fees on its fixed rate offset mortgages. On the 2 and 3 year fixed rate offset mortgages with 75% LTV, the arrangement fee is being reduced from £499 to £199. On the 2 year fixed rate offset mortgage with 65% ... more » Thursday, July 30
House Prices Could Rise This Year
by
Jet-to-Let Magazine
on Thu 30 Jul 2009 09:56 BST
The house price trend is now pointing upwards, according to Nationwide, and the average value could end the year higher than it started it. Do you expect prices to continue rising or are we merely seeing a blip on the market? Sign in to join the debate. Nationwide says that ... more » Wednesday, July 29
UK rent rise
by
Jet-to-Let Magazine
on Wed 29 Jul 2009 17:06 BST
Latest research from LSL Property Services shows rents rising in June, for the first time in three months... As a result, yields rose to an average 5.1 per cent last month, reaching their highest point in five years.Average rents increased 1per cent, to £649, compared with May but remained ... more » Monday, July 27
Property prices down 3.2%, claims Zoopla
by
Jet-to-Let Magazine
on Mon 27 Jul 2009 10:20 BST
The average property price in England has declined 3.2% to £207,020 since January, according to Zoopla.co.uk. This compares to the 11.97% decline reported in the second half of last year, according to the figures from the portal, which bought Thinkproperty.com earlier this month and which remains locked in talks about ... more » Tuesday, July 21
Long-term fixed rate mortgages come to an end
by
Jet-to-Let Magazine
on Tue 21 Jul 2009 16:23 BST
The long-term fixed rate mortgage market has come to an end, as Manchester Building Society withdraws its 30-year fixed rate product. Now, according to Moneyfacts.co.uk, the longest period which a borrower can fix their mortgage for is 15 years. In July 2007, Prime Minister Gordon Brown said that longer term ... more » Wednesday, July 8
Nationwide offers 125% mortgages
by
Jet-to-Let Magazine
on Wed 08 Jul 2009 12:14 BST
Nationwide says 'negative equity' mortgage will only be available in special circumstances Mortgages allowing people to borrow up to 125% of a property's value are making a surprise comeback after Nationwide launched a deal aimed at homeowners trapped in negative equity who are keen to move house. Britain's biggest building ... more » Thursday, July 2
Tracker mortgages 'may become more costly'
by
Jet-to-Let Magazine
on Thu 02 Jul 2009 16:13 BST
Although they may be attractively priced currently, tracker mortgages could become more costly over coming months. This is according to moneysupermarket.com, which pointed out that the UK's base rate of interest is predicted to rise this year. It said that, while many trackers are now cheaper than their fixed-rate counterparts, ... more » Tuesday, June 30
House prices 'rose 0.9% in June'
by
Jet-to-Let Magazine
on Tue 30 Jun 2009 16:23 BST
UK house prices rose by 0.9% in June, according to the latest survey from the Nationwide building society. It said this was the third rise in the past four months, and shrank the annual rate of decline to just 9.3%, from 11.3% in May. The increase in prices during the ... more » Monday, June 29
Mortgage approvals still rising
by
Jet-to-Let Magazine
on Mon 29 Jun 2009 17:29 BST
The property market continued to pick up in May, according to figures from the Bank of England. The number of mortgages approved for house buying rose to 43,414, up from the figure of 43,191 the month before. It was the fourth month in a row that approvals have risen, suggesting ... more » Wednesday, June 24
House sales 'continuing to rise'
by
Jet-to-Let Magazine
on Wed 24 Jun 2009 17:30 BST
The number of homes sold in the UK has continued to rise, according to HM Revenue and Customs (HMRC). Some 62,000 residential properties costing more than £40,000 were sold in May, up 7% on the previous month. The figure was the highest since October but still well down on the ... more » Monday, June 22
Repossession risk 'overestimated'
by
Jet-to-Let Magazine
on Mon 22 Jun 2009 15:48 BST
The Council of Mortgage Lenders has cut its forecast for the number of homes expected to be repossessed in 2009. The lenders' group predicted that 65,000 homes would be repossessed this year, 10,000 fewer than the estimate it made in December. The figure would still mark a sharp rise from ... more » Tuesday, June 9
Market interest on the up
by
Jet-to-Let Magazine
on Tue 09 Jun 2009 13:30 BST
A further increase in both new buyer enquiries and sales, as well as a reduction in the level of stocks on surveyors books has begun to provide some support for property prices, says RICS' UK housing market survey. The number of chartered surveyors seeing an increase in new enquiries edged ... more » Monday, June 8
Interest in property 'up again'
by
Jet-to-Let Magazine
on Mon 08 Jun 2009 09:16 BST
Rising interest from potential buyers coupled with falling numbers of sellers is stabilising UK house prices, according to surveyors. New buyer inquiries increased for the seventh month in a row in May - at the fastest rate since 1999, said the Royal Institution of Chartered Surveyors. But there were fewer ... more » Thursday, June 4
UK house prices 'up 2.6% in May'
by
Jet-to-Let Magazine
on Thu 04 Jun 2009 17:19 BST
UK house prices rose by 2.6% in May compared with April but activity remains low in the market, according to the latest survey from the Halifax. The lender, now part of the Lloyds Banking Group, warned against placing too much weight on one month's figures. The rise came after three ... more » |
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