Rising unemployment, the threat of Eurozone disaster and falling GDP – the signs for 2012 are already worrying. But it’s not all bad. We gather some predictions from around the UK. First the Eeyors of the market: Howard Archer (IHS Global Insight): “I think house prices will fall by 5 per cent over the first [...]
Continue reading " Experts Make Their Property Predictions For 2012 "
The Bank of England may have kept Bank Rate on hold at 0.5 per cent, but home owners need to be aware that mortgage rates may soon rise, in response to the Eurozone crisis. Rates have been creeping up in recent weeks and if the eurozone crisis implodes they could rise sharply – and be [...]
Continue reading " Eurozone Crisis Could Push Up Mortgage Rates "
Co-founders of Property Frontiers David Cox and Ray Withers make their property market predictions for 2012 and where they believe the best opportunities for investment will be in 2012: They believe the South East of the UK, specifically the London market, still holds excellent promise. While there is an air of uncertainty surrounding the UK [...]
While developers and some first-time buyers have praised the government’s latest scheme to assist them by reducing the level of deposit needed to 5 per cent, others doubt that it will have much effect, given the track record of such schemes. The Homeowner Mortgage Support Scheme (HMS) was introduced in early 2009 and lasted for [...]
Continue reading " Government Housing Support Schemes Fall Flat "
Despite evidence of fewer university applications for 2012, Caroline Kavanagh, Group Lettings Director of Townends estate agents has reported that there has been no evidence of reduced demand for accommodation. “This will not affect investors long term as there is still plenty of demand, and an increasing number of sharers that require suitable accommodation,” says [...]
Faced with an imminent crisis in housing stock, as both public and private building programmes have slowed almost to a standstill, the UK government has unveiled a package of measures to boost the sector. They comprise: · Mortgages of up to 95 per cent of the value of new homes to be offered with government [...]
Continue reading " Government Package to Boost Housebuilding "
Faster trains, new platforms and more frequent services are creating hope for new pockets in the property market which commuters previously might have overlooked. The Chiltern Line from London Marylebone out through High Wycombe, Haddenham & Thame Parkway, Banbury and Leamington to Birmingham has been upgraded, cutting every journey time by about 20 per cent. [...]
The Don’ts: 1) Don’t expect to ‘get rich quick’ Over the long-term property investment has outperformed all other asset classes; expect to build a sustainable, appropriately geared portfolio over a number of years. 2) Never ignore the basics of supply and demand Speak to local agents to find out the specifics that apply to your [...]
Continue reading " 5 Things to Avoid When You Invest in Residential Property "
The Do’s: 1) Research, research, research Know the area you are buying into. Regeneration plans and new transport infrastructure are great indicators of up and coming areas and capital protection and appreciation. 2) Location Apply the 10 minute rule for access to transport links, bars, restaurants, and local amenities. Consider who your ideal tenants will [...]
Continue reading " 5 Things to Consider Before You Invest in Residential Property "
HM Land Registry quarterly sales statistics, released in mid-November 2011, show continued demand for the world’s premier real estate, with record breaking house prices in London Central’s two boroughs – The Royal Borough of Kensington & Chelsea and The City of Westminster. The average price of a property in Westminster rose by 7 per cent [...]
Continue reading " Westminster Property Values Break the £1 Million Barrier "
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