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July 4, 2008
Agents Urge Landlords And Tenants To Retian Rental Insurance
Permalink: Agents Urge Landlords And Tenants To Retian Rental Insurance
by Elisha Sanders
Fears of a recession are growing within the U.K. and Ireland, which is leading many to reduce spending on non-essential services. One service that may see a decline, according to industry sources, is insurance on rental properties, both ...
July 2, 2008
Equity withdrawals plummet by 64%
Permalink: Equity withdrawals plummet by 64%
by Kay Murchie
According to figures from the Bank of England, the amount of money homeowners are borrowing on their houses has plummeted by 64% in the first three months of 2008.
Housing equity withdrawal, which is when homeowners take out larger mortgages to spend on ...
July 1, 2008
Regional house price survey from the Nationwide
Permalink: Regional house price survey from the Nationwide
by Lin Freestone
The Nationwide has released its figures for the second quarter of the year, outlining the state of the property market throughout the UK.
Twelve out of 13 areas of the UK surveyed witnessed year-on-year drops in house prices during the months ...
House prices continue to fall according to latest survey from Nationwide
Permalink: House prices continue to fall according to latest survey from Nationwide
by Kay Murchie
According to the latest survey from the Nationwide, house prices fell by 0.9% in June. This is less than half the 2.5% fall experienced in May.
The Nationwide said that the average UK house price is now ...
June 27, 2008
Shools boost property prices in London
Permalink: Shools boost property prices in London
by Kay Murchie
According to Katy Stern of estate agent Foxtons, people are prepared to pay a little extra for a property as they are so determined to get their children into a good school.
New homes built just yards from the schools in the ...
Land Registry: House prices unchanged in May
Permalink: Land Registry: House prices unchanged in May
by Kay Murchie
According to figures published today from the Land Registry, house prices in England and Wales were unchanged in May compared with the previous month.
In addition, figures from the organisation showed that house sales were down during March at 53,080, compared ...
House prices buck national trend in Ribble Valley
Permalink: House prices buck national trend in Ribble Valley
by Lin Freestone
The Ribble Valley area of Lancashire is defying the national slump in house prices, with an average increase of 17.1% being recorded in the first quarter of 2008.
The area continues to be popular with purchasers because of the proximity ...
June 25, 2008
Family home loses 40% in value in just 4 months
Permalink: Family home loses 40% in value in just 4 months
by Kay Murchie
A six-bedroom Victorian family home has seen its value fall by 40% in just 4 months.
The home, which is in the desirable area of Bedford Park, west London, is believed to be the capital's steepest property reduction. ...
June 23, 2008
Official figures reveal slump in home sales
Permalink: Official figures reveal slump in home sales
by Kay Murchie
Figures from HM Revenue and Customs (HMRC) have revealed that UK property sales have fallen 32% this year.
The information was gathered from its stamp duty receipts which established that in the first 5 months of the year, there were 504,000 ...
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 ...
June 20, 2008
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 ...
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 ...
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 ...
June 17, 2008
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 ...
First-time buyers require large deposits
Permalink: First-time buyers require large deposits
by Kay Murchie
The withdrawal of 95% and 100% mortgages has meant that first-time buyers need an even bigger deposit to get onto the property ladder, in spite of falling property prices.
Some lenders are still willing ...
June 16, 2008
Experts warn housing slowdown could last 4 years
Permalink: Experts warn housing slowdown could last 4 years
by Kay Murchie
A panel of experts have warned that it could take 4 years for property prices to rise above their highest point of 2007.
The warning comes from the majority of the 225 members of the Society of Business Economists (SBE). ...
June 12, 2008
Humberts estate agency in administration
Permalink: Humberts estate agency in administration
by Kay Murchie
Earlier this week, Humberts the estate agency chain entered administration but has now been bought out by a business restructuring group.
Humberts has sold certain assets to Mercantile Group for total net consideration of £3.16 million (including cancelled deferred consideration amounting to ...
Shares dive 40% at Barratt Developments
Permalink: Shares dive 40% at Barratt Developments
by Kay Murchie
Barratt Developments, the UK's second biggest housebuilder by volume, saw its shares dive 40% yesterday.
Barratt‘s shares have been heavily sold because of its high gearing but the company said it remained confident and confirmed that its net debt would remain at ...
June 11, 2008
Barratt Developments in crisis as share price plummets
Permalink: Barratt Developments in crisis as share price plummets
by Brian Turner
Barratt Developments, the company behind Barratt Homes, is facing a crisis as its share price went into freefall today.
At the opening of January 2007, share prices for BDEV - the company ticker on the London Stock Exchange - were ...
2m Brits think that house price falls are a good reason to move
Permalink: 2m Brits think that house price falls are a good reason to move
by Kay Murchie
According to research from Abbey Mortgages, falling property prices means 1.2 million UK homeowners are planning to move to a bigger property over the next year.
A correction in the housing market means Britons ...
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