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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 » Tuesday, June 2
Mortgage approvals rose in April
by
Jet-to-Let Magazine
on Tue 02 Jun 2009 16:04 BST
The number of new mortgages approved for home buyers in the UK rose in April for the third month in a row, according to the Bank of England. Lenders approved 43,201 new loans to home buyers, although the number of loans to people changing lenders or topping up existing loans ... more » Monday, June 1
House prices may have hit bottom of market
by
Jet-to-Let Magazine
on Mon 01 Jun 2009 16:08 BST
House prices fell by the smallest monthly amount in almost a year in April, down by 0.3 per cent to an average of £152,898, according to official figures published on Monday. The latest data from the Land Registry offers further evidence that the housing market has begun to stabilise and ... more » Friday, May 29
Rise reported in UK house prices
by
Jet-to-Let Magazine
on Fri 29 May 2009 09:45 BST
House prices rose 1.2% in May on April, offering evidence of activity in the UK housing market, according to figures from the Nationwide building society. The annual rate of house price falls eased from 15% in April to 11.3%, with a typical home now costing £154,016. Over the past three ... more » Thursday, May 21
Tenants 'let down by extra costs'
by
Jet-to-Let Magazine
on Thu 21 May 2009 10:09 BST
Some tenants face "unjustified and excessive" charges from lettings agents in England and Wales, says a charity. A report by Citizens Advice says that extra costs, including administration fees and reference checks, could add up to £600 to the cost of renting a home. The charity claimed the charges often ... more » Tuesday, May 19
Property slump worsens across the globe
by
Jet-to-Let Magazine
on Tue 19 May 2009 17:24 BST
The slump across global commercial property markets has accelerated since the turn of the year, with the emerging markets in particular struggling under the combination of capital value and rental falls. The pace of decline in capital values accelerated in the first quarter, while almost every country in the world ... more » Monday, May 18
UK housing market: Asking prices for properties 'on the up'
by
Jet-to-Let Magazine
on Mon 18 May 2009 09:59 BST
Asking prices for properties have risen for the fourth month in a row as new sellers continued to quote optimistic prices for their homes, research showed today. The average asking price of a property in England and Wales increased by 2.4%, or £5,000, during the four weeks to May 9, ... more » Friday, May 15
UK repossessions up 50% in a year
by
Jet-to-Let Magazine
on Fri 15 May 2009 17:30 BST
The number of homes repossessed in the UK rose to 12,800 in the first three months of the year, the Council of Mortgage Lenders (CML) has said. This was up 23% from the 10,400 in the previous three months and 50% up on the 8,500 in the same period last ... more » Tuesday, May 12
'Recovery signs' in housing poll
by
Jet-to-Let Magazine
on Tue 12 May 2009 11:40 BST
Surveyors have reported "tentative signs" of a recovery in the property market, despite small numbers of homes being sold. Only 10.6 homes were sold on average per UK surveyor in the three months to the end of April, down 41% on the same period a year earlier. But the Royal ... more » Friday, May 8
Fixed-rate mortgages to rise
by
Jet-to-Let Magazine
on Fri 08 May 2009 10:07 BST
A number of lenders are set to increase their fixed mortgage rates next week, particularly for longer-term deals, following a jump in funding costs. Yorkshire Building Society, which withdrew a number of mortgage rates this week, will raise the price of its five-year deals by up to 0.3 percentage points. ... more » |
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