The latest Young Index report of Private Rented Sector (PRS) sentiment shows that 19.1 per cent of landlords added additional residential property assets to their portfolios during 2011. The activity was driven by strong positive expectations for both capital growth and income returns for the year ahead. London clearly leads the way with 85.1 per [...]
Continue reading " Landlords Bought Additional Properties in 2011 "
There will be several potential stumbling blocks for the property market during 2012. Lenders will make it much tougher to take out cheap interest-only loans, which have helped prop up the property market. This is a reduction in credit and will exert downward pressure on prices. The second problem is that lenders are still cash-strapped [...]
Continue reading " The Challenges Facing the Property Market "
Mortgage payments for new borrowers have reached their most affordable levels for 14 years, with typical payments in some areas of Scotland and northern England taking up less than a fifth of disposable incomes, according to research from Halifax. Average mortgage payments for new borrowers, including first-time buyers and home movers, were 27 per cent [...]
The latest reasearch from Acadametrics (UK’s leading housing market analysist) is out. So here are the top 7 facts about UK house prices you need to know… 1. Property prices rose 0.2% to £220,385 in December, but fell 0.5% annually 2. London’s property values are 3.1% higher than last year 3. Wales joins London as [...]
The north-south divide in property values, with rising property prices in the south and falling prices in the north, has opened up new opportunities for property investors. Here is a top five best prospects for northern towns: 1. Edinburgh: The Scottish capital may benefit from the potential independence vote in 2014, with a host of [...]
Continue reading " Top Northern Towns for Property Investment "
Bank of England data shows that mortgage approvals for house buyers rose to 52,900 from 52,800 in October, which was the highest level in 23 months. Economists expected a fall to 52,500. “We can derive some encouragement from mortgage approvals holding firm in November. By that stage, the escalation of the eurozone crisis had begun [...]
Continue reading " Good News For House Sellers – Mortgage Approvals Are Up! "
Worsening economic conditions will lead to more evictions and falling rents, says Linton Chiswick of Citywire Money – and litigation against surveyors is already on the rise as rents fail to meet expectations. With house prices falling – but not fast enough to release first-time buyers into the market – credit stifled and rents rising, [...]
Continue reading " Alternative Argument On Buy-to-Let In 2012 "
New figures from online property valuation service Zoopla.co.uk show that 26,744 more home owners had properties worth £1 million at the end of 2011 than at the same time a year earlier. “High prime demand” from equity-rich home buyers and relatively low supply of large homes had created 73 new property millionaires every day in [...]
Continue reading " Property Created 27,000 new millionaires in 2011 "
Buy-to-let property investors have done surprisingly well from the famine in mortgage lending, according to new research. The share of UK residential housing stock owned by private landlords has jumped more than 40 per cent since the financial crisis began in 2008. It now makes up almost a fifth of the total, according to estate [...]
Continue reading " Boost For Buy-to-let Property Investors "
In a falling property market, house sellers are naturally reluctant to suffer capital losses, so an increasing number are turning into ‘in-betweeners’ – defined as those who sell their properties in order to rent, waiting for the market to fall sufficiently, when they will buy again. It’s an attractive thought: imagine selling a £1,000,000 property, [...]
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