The Royal Institution of Chartered Surveyors (RICS) has announced that 42 per cent more surveyors reported that rents rose rather than fell in the three months to April 2011. This means that rents in some areas are now so high that previously affordable homes are now out of reach for many. The organisation said that [...]
Continue reading " Residential Property Rents On The Rise! "
As some of the world’s top golfers pack up their clubs and head for home, the sunlit greens of Wentworth in Surrey return to their quiet, exclusive state, host merely to the district’s rich and famous. From a property agent’s point of view, this area of Virginia Water nestling around the golf course is pure [...]
New house sellers’ asking prices are now the highest for three years, according to Rightmove, at an average of £238,874 across the UK. Rising values have been supported by a combination of scarce numbers of new properties coming on to the market and sustained low interest rates. The current average price is now just 1.5 [...]
Continue reading " Signs of Optimism in the UK Property Market? "
Even though the average first-time buyer has to put down 94 per cent of their annual income, just for the deposit, here are some tips to smooth your passage to home ownership: 1. Get the developers to pay your deposit… If you can put down five per cent of the purchase price, developers such as [...]
Continue reading " 6 Top Tips for First Time New-Build Home Buyers "
As winter turns to spring and people’s minds turn to the likely upshot of the economic turmoil in Britain and its impact on the property market (at least mine does), we present a snapshot of the sentiment among property experts and commentators: Simon Rubinsohn, chief economist at Royal Institution of Chartered Surveyors (RICS): “I think [...]
1. EAST HORSLEY – Surrey Houses sold over £1m: 46 “Beautifully middle class, full of accountants, solicitors, City types and internationals,” says Sally Blundell Jones of Strutt & Parker (01483 306565). Many houses built in the Thirties have been extended, tennis courts and swimming pools added. 2. COOKHAM – Windsor and Maidenhead Houses sold over [...]
With rental levels booming, property owners are increasingly tempted to rent out vacant space. Many will say to themselves ‘how hard can it be? I’ll do it on my own.’ If you’re a full time landlord then you may be ok. Otherwise, here are ten reasons for hiring an agent, according to agents Belvoir: 1. [...]
Continue reading " Ten Reasons First Time Landlords Should Hire A Lettings Agent "
An analysis published by the Scottish Executive found the proportion of people aged under 35 renting from a private landlord has rapidly increased from 13 per cent in 1999 to 31 per cent a decade later. By 2014 this group will overtake the number of young Scots with a mortgage and by 2020 more than [...]
The imbalance between high demand for private rented accommodation and the limited supply will continue to distort the market and produce unforeseen quirks. According to the Association of Residential Lettings Agents (ARLA), there will be various new factors emerging: home owners who cannot sell will turn to renting their properties, knowing that rates are currently [...]
Property values in Kensington & Chelsea and the City of Westminster rose by 0.7% and 1.5% respectively during November, according to the latest Land Registry results issued in late December. This means that average values over the 12 months to November 2010 are 8.5% and 11.4% higher than the preceding year. Meanwhile, England and Wales [...]
Continue reading " Central London Property Dodges The Downturn "
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