October 16, 2007

Greater London property prices increase by 5%

Permalink: Greater London property prices increase by 5%
by Kay Murchie

According to information released yesterday by Rightmove.co.uk, the average asking price in London smashed through the £400,000 barrier for the first time, reaching a record of £403,637 – an increase of 5% this month. Annual average asking prices in London ...


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(more...) 60% increase in mortgage application rejections Permalink: 60% increase in mortgage application rejections by Kay Murchie A survey from price comparison website, moneyexpert.com, has established that 738,000 mortgage applications have been rejected since March, this is a 60% increase on the previous half year. Out of 738,000 applications, 382,000 were aged between 25 and 34. However, younger people ... (more...) October 15, 2007 Britons no longer keen on decking Permalink: Britons no longer keen on decking by Kay Murchie It used to be the fashionable feature that could transform a garden into an addition of the living room but decking is no longer considered trendy. Sales have fallen 59% over the last 12 months with experts giving many reasons such as ... (more...) £350 million damage caused by Britons copying DIY shows Permalink: £350 million damage caused by Britons copying DIY shows by Kay Murchie Research from Halifax Home Insurance has discovered that three quarters of a million Britons have caused severe damage to their homes after being inspired by DIY shows such as Changing Rooms, Property Ladder and DIY SOS. This ... (more...) Number of first-time buyers dwindling Permalink: Number of first-time buyers dwindling by Kay Murchie The most recent issue of the moneysupermarket.com ‘Mortgage Map’ has established that first-time buyers are dwindling at a particularly fast rate. Since March, the percentage of people ranked as a “first-time buyer” has declined by one fifth, indicating that increasing interest rates ... (more...) Part-exchange scheme for Britons moving to Spain Permalink: Part-exchange scheme for Britons moving to Spain by Kay Murchie McInerney Homes have launched a part-exchange deal that will assist Britons who wish to move to Spain. It is thought to be the first scheme of its kind and homeowners can swap their home in Britain for villas near Marbella. ... (more...) October 12, 2007 Buy-to-let lending increasing in spite of warnings Permalink: Buy-to-let lending increasing in spite of warnings by Kay Murchie Information published this week for August mortgage lending showed strong property investing was supporting the market with the other lending category covering buy-to-let up by almost 40% compared with the same month in 2006. The figures show that buy-to-let investors ... (more...) Mortgage product for students is good investment Permalink: Mortgage product for students is good investment by Kay Murchie The buy-to-uni mortgage scheme, which allows students to apply for a 100% mortgage on a property secured against their parents’ homes is seen as a good investment according to Moneyfacts, the finance website. The mortgage has been a huge success ... (more...) RICS report shows steep property price fall Permalink: RICS report shows steep property price fall by Kay Murchie A recent report by The Royal Institution of Chartered Surveyors' (Rics) showed a shock increase last month in the amount of its members recording a fall in property prices. Consequently, the property market could be in a much worse condition than ... (more...) October 11, 2007 40% would consider buying home at auction Permalink: 40% would consider buying home at auction by Kay Murchie According to research from Standard Life Bank, roughly 40% of British homebuyers would consider purchasing a property at auction. During 2005, 15,514 properties were sold at auction – a rise of 13% on the previous year. Buying at auction is becoming ... (more...) George Wimpey offer incentive for buying homes in South Liverpool Permalink: George Wimpey offer incentive for buying homes in South Liverpool by Kay Murchie A huge issue currently when thinking about buying a house is affordability, furthermore, 5 interest rate hikes is making buyers re-consider how much they can afford to borrow. George Wimpey North West is giving buyers £600 every ... (more...) Stamp duty threshold remains the same Permalink: Stamp duty threshold remains the same by Kay Murchie Chancellor Alistair Darling failed to deliver any exemptions from stamp duty in the Pre-Budget Report in spite of promising to help first-time buyers and increase home ownership. Increasing property prices have dragged more first-time buyers into the stamp duty net. According to ... (more...) Back gardens housing new homes Permalink: Back gardens housing new homes by Kay Murchie Figures released by the Green Party's Darren Johnson, who chairs the London Assembly's environment committee, has established that over 1000 new homes are being built in London’s back gardens each year. The back gardens are classed as previously developed and are therefore counted ... (more...) October 10, 2007 Room for growth in Manchester Permalink: Room for growth in Manchester by Kay Murchie Estate agent Knight Frank is confident that the future of the Manchester property market is looking strong. The agent added that in the early 1950s the population of Manchester was 700,000, it is currently 440,000, consequently, there’s room for another 300,000 people. Manchester ... (more...) Brighton growing in popularity Permalink: Brighton growing in popularity by Kay Murchie According to Email4Property.co.uk, Brighton is becoming an alternative for London commuters who cannot afford to buy in the capital but still desire the city lifestyle. The average property price in Brighton is just over £250,000 compared to the average price of just over £300,000 ... (more...) Overseas property more profitable Permalink: Overseas property more profitable by Kay Murchie According to BuyAssociation, the current financial state in the UK means that more money can be made overseas. The group is advising newcomers to the market to consider buying abroad. A spokesperson for BuyAssociation said there is more money to be made through investing ... (more...) House prices likely to fall in next 2 years Permalink: House prices likely to fall in next 2 years by Kay Murchie Economists from Capital Economics have claimed that property prices are likely to fall in the next 2 years, wiping thousands of pounds off prices. They believe higher interest rates and the turmoil in the credit markets will trigger ... (more...) October 9, 2007 87% of Britons think Conservative policy will help first-time buyers Permalink: 87% of Britons think Conservative policy will help first-time buyers by Kay Murchie George Osborne, the shadow chancellor, announced last week at the Tory party conference that they would scrap stamp duty on properties worth under £250,000. 87% of Britons believe that this would help first-time buyers to get on to ... (more...) Scotland property prices continue to increase Permalink: Scotland property prices continue to increase by Kay Murchie Asking prices are falling in many towns and cities in England and Wales but values in Scotland are continuing to increase with property inflation higher than anywhere apart from Northern Ireland and London. According to the Halifax, house prices in Scotland ... (more...) Potential investors should look to transport links Permalink: Potential investors should look to transport links by Kay Murchie Estate agent Ludlow Thompson has suggested that potential investors should look to locations serviced by the Jubilee London Underground line in London if they want to maximise the attractions of their property investment. The Jubilee Line passes through the length of ... 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Greater London property prices increase by 5%

60% increase in mortgage application rejections

Britons no longer keen on decking

£350 million damage caused by Britons copying DIY shows

Number of first-time buyers dwindling

Part-exchange scheme for Britons moving to Spain

Buy-to-let lending increasing in spite of warnings

Mortgage product for students is good investment

RICS report shows steep property price fall

40% would consider buying home at auction

George Wimpey offer incentive for buying homes in South Liverpool

Stamp duty threshold remains the same

Back gardens housing new homes

Room for growth in Manchester

Brighton growing in popularity

Overseas property more profitable

House prices likely to fall in next 2 years

87% of Britons think Conservative policy will help first-time buyers

Scotland property prices continue to increase

Potential investors should look to transport links

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