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June 23, 2008
Panic sets in for homeowners as homes for sales reaches record one million
Permalink: Panic sets in for homeowners as homes for sales reaches record one million
by Kay Murchie
According to property website, Rightmove, over one million homes are currently on the market in England and Wales.
Rightmove said around 172,000 homes were put up for sale during the period May 11 to ...
South-east expansion for Regalpoint Developments
Permalink: South-east expansion for Regalpoint Developments
by Lin Freestone
Regalpoint Developments, a Sevenoaks-based company specialising in new build, houses and apartments, has acquired a major portion of the portfolio of Silver Homes of Crowborough.
A £20m rescue package for the restructuring of Silver Homes’ sites in east Sussex and Surrey fits well ...
Investment in 169 buy-to-let apartments in Southampton
Permalink: Investment in 169 buy-to-let apartments in Southampton
by Lin Freestone
In a surprising move following the decision of Wilson Bowden not to proceed with the construction of two apartment blocks in Southampton, a property investor has bought 169 apartments in a new £110m development in the city.
Delph Property Group, a ...
Speculative Grade A office development moves forward in Nottingham
Permalink: Speculative Grade A office development moves forward in Nottingham
by Lin Freestone
Detailed planning consent has been granted by Nottingham City Council for a 15,000 sq ft Grade A office development on the site of an established office location on the south-western fringe of Nottingham’s city centre.
Ultimate Estates, a developer ...
June 22, 2008
Defra announce plans for flood relief assistance
Permalink: Defra announce plans for flood relief assistance
by Kay Murchie
One year on from last summer’s devastating floods, the Department for Environment, Food and Rural Affairs (Defra) is proposing to assist homeowners and businesses to better protect their premises from the affects of flooding.
Defra is to commit £125,000 to setting ...
June 20, 2008
More mortgage misery as Bristol & West withdraws deals
Permalink: More mortgage misery as Bristol & West withdraws deals
by Kay Murchie
The mortgage misery continues as Bristol & West, the British mortgage arm of the Bank of Ireland, has announced it has withdrawn over 25% of its mortgage range.
Earlier this week, Bristol & West launched a number of new ...
House prices in Epsom Downs double since 2000
Permalink: House prices in Epsom Downs double since 2000
by Kay Murchie
Epsom Downs, an old market town in Surrey, has seen house price values grow by 53% since the start of the millennium, according to the Land Registry.
The area is renowned for the Derby horse race and has been the ...
Further Middle Eastern investment in UK commercial market
Permalink: Further Middle Eastern investment in UK commercial market
by Lin Freestone
Taking advantage of the fall in the UK property market, Gulf Finance House, an Islamic investment bank based in Bahrain, is launching its second Shariah-compliant UK commercial property fund.
It is understood that the bank has identified buying opportunities in ...
Bank of Ireland backs £100m retail property deal
Permalink: Bank of Ireland backs £100m retail property deal
by Lin Freestone
A £100m property investment deal funded by the Bank of Ireland is a good indication that banks are become less wary about backing major projects.
The Manchester-based independent property group, Modus, has invested £100m in undisclosed shopping centre assets, and ...
June 19, 2008
Now is a good time to buy say 27%
Permalink: Now is a good time to buy say 27%
by Kay Murchie
According to research from the Building Societies Association (BSA), 27% of Britons believe now is a good time to purchase a property.
The BSA’s survey, Property Tracker, shows that in spite of the bad news in the property ...
4 million families using plastic to pay mortgage/rent
Permalink: 4 million families using plastic to pay mortgage/rent
by Kay Murchie
A report from the homeless charity, Shelter, has revealed that in the last year, over 4 million families have paid their mortgage or rent on their credit card.
The report, called Breaking Point, reveals the extraordinary lengths some are ...
Gross mortgage lending falls by 19% in May
Permalink: Gross mortgage lending falls by 19% in May
by Kay Murchie
Figures from the Council of Mortgage Lenders (CML) show that in the 12 months to May, gross mortgage lending fell by 19%.
First-time buyers are struggling to secure loans as lenders tighten their lending criteria and are demanding huge deposits. ...
HBOS reviews its house price falls predictions
Permalink: HBOS reviews its house price falls predictions
by Kay Murchie
Halifax and Bank of Scotland owner HBOS, has reviewed its house price fall predictions and said property values will fall by 9% this year. It had previously predicted that the fall would be a mid-single digit.
The UK’s largest mortgage lender ...
6% rise in Bristol’s office rental growth
Permalink: 6% rise in Bristol’s office rental growth
by Lin Freestone
During the past year there has been a rise of 6% in office rental growth in Bristol. The limited availability of prime city centre accommodation in the city has driven the cost of prime office rents to £27.50 sq ft.
A ...
June 18, 2008
Report calls for regulated estate agencies
Permalink: Report calls for regulated estate agencies
by Lin Freestone
Sir Bryan Carsberg, a distinguished academic and businessman and former head of the Office of Fair Trading (OFT), considers that estate agents, letting agents and managing agents who handle residential property should be subjected to formal regulation.
He has prepared a report ...
Countryside Properties places apartment development on hold
Permalink: Countryside Properties places apartment development on hold
by Lin Freestone
Following the decision by Countryside Properties to cut in half its development programme in the north of the country, the company is to place on hold its plans to build 600 apartments in Preston.
No start date has been set for ...
Housing starts in the UK are the lowest since 1945
Permalink: Housing starts in the UK are the lowest since 1945
by Lin Freestone
According to the latest construction output forecasts published by the Construction Products Association, there has been a 27% fall in new housing starts in the UK this year. The figure of 147,000 new housing starts is the ...
Continuing demand for Certificate in Mortgage Advice & Practice
Permalink: Continuing demand for Certificate in Mortgage Advice & Practice
by Lin Freestone
Despite the recent problems that have been affecting the mortgage market, the Head of Financial Regulation at the ifs School of Finance, Mark Roberts, has reported that the number of people registering to take the Certificate in Mortgage ...
June 17, 2008
Hips still subject to criticism but look set to continue
Permalink: Hips still subject to criticism but look set to continue
by Kay Murchie
Home Information Packs (Hips) were introduced to speed up the home buying and selling process as well as providing consumers with a faster and more cost effective service.
However, they have been subject to heavy criticism since ...
Dubai property investors confronted by high terrorist risk
Permalink: Dubai property investors confronted by high terrorist risk
by Gill Montia
Britons who have invested in property in Dubai will be disconcerted by the news that the UK Government has warned British nationals living in or visiting the United Arab Emirates (UAE) that terrorists may be planning indiscriminate attacks.
The ...
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