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Property News

Home-buying mortgage scheme dismissed as gimmick

12th March 2012

A scheme to allow new net-build properties to be purchased with mortgage deposits of as little as 5% has been dismissed by critics as a "gimmick" that will help the construction industry rather than hard-pressed home buyers.

Hermes Real Estate buys up three malls from Westfield

16th February 2012

Hermes Real Estate has completed a deal to take control of three shopping centres from Westfield.

The  property fund manager has agreed a £159 million settlement to take full ownership of a joint venture with Westfield that includes The Friary Centre in Guildford, Royal Victoria Place in Tunbridge Wells, and CastleCourt in Belfast.

For the full article, please click on the following link...

http://www.theretailbulletin.com/news/hermes_real_estate_buys_up_three_shoppinge_centres_from_westfield_16-02-12/ 

House prices down by 1.3% in 2011

6th January 2011

Halifax index also shows a 0.9% decline in December 2011 and predicts a broadly stable 2012... providing the UK can avoid recession.

House prices fell by just over 1% in 2011 and are expected to remain relatively unchanged in 2012, according to the Halifax.

Click on the following link for the full article...

http://www.guardian.co.uk/money/2012/jan/06/house-prices-down-2011-halifax

Rent rises to £750 a month

18th November 2011

Rents are still increasing at a faster rate than salaries and the average rent is now a hefty £720 a month.

However, the rate of increase has slowed, according to a survey by LSL Property Services, the owner of Your Move and Reeds Rains estate agencies.

Click on the following link for the full article...

http://www.financemarkets.co.uk/2011/11/18/rents-rise-to-750-a-month/

Lack of lending 'will put brakes on market'

17th November 2011

Barratt Developments warned that the shortage of mortgages is holding the housing market back, even as it reported a rise in selling prices.

Click on the following link for the full article...

http://www.independent.co.uk/news/business/news/lack-of-lending-will-put-brakes-on-market-6263321.html?origin=internalSearch

Borrowers 'more optimistic' about house prices

17th November 2011

The UK's mortgage customers are more optimistic about house prices in the coming months, according to a new industry survey.

According to the data, the rate of decline in house prices slowed this month, with home values perceived to have been on a downward trend since July last year.

Click on the following link for the full article...

http://www.zoopla.co.uk/property-news/home-values/borrowers-more-optimistic-about-house-prices-801213970/

Property prices in market towns 'are rising'

15th November 2011

House prices in market towns have risen dramatically in recent years and look set to continue to do so, presenting excellent opportunities for investors, new figures show.

According to data from Lloyds TSB, average property prices in market towns across England have risen by 103 per cent from £114,718 in 2001 to £233,416 in 2011, which is equivalent to an increase of £989 per month over the past decade.

Click on the following link for the full article...

http://www.zoopla.co.uk/property-news/advice/property-prices-in-market-towns-are-rising-801212042/

Eurozone crisis could hit UK property values

10th November 2011

 

One of Central London's largest landlords, Great Portland Estates (GPE), has warned the European sovereign debt crisis could cause commercial property capital values in the city to fall and major development projects to be cancelled.

Click on the following link for the full article...

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8879742/Eurozone-crisis-could-hit-UK-property-values.html

 

Righmove: Asking prices up in October

17th October 2011

Property website, Rightmove, has today reported a further rise in asking prices for the month of October.

According to Rightmove, asking prices for residential property in England and Wales surged 2.8% in October on a monthly basis and were 1.2% higher compared with this time last year.

Click on the following link for the full article...

http://www.financemarkets.co.uk/2011/10/17/rightmove-asking-prices-up-in-october/

Housing market 'still lacklustre'

May 27th, 2011

The UK housing market is still subdued, according to the latest monthly survey from the Nationwide building society.

Click on the following link for the full article...

http://www.bbc.co.uk/news/business-13568334

Homeowners 'ready to remortgage'

May 13th, 2011

Expectations of interest rate increases led to larger numbers of homeowners remortgaging in March, UK lenders say.

Click on the following link for the full article...

http://www.bbc.co.uk/news/business-13387462

Rightmove: Asking prices up in April

April 18th, 2011

Property website, Rightmove, has today reported a rise in asking prices for the month of April - the fourth consecutive month of growth. According to Rightmove, asking prices for residential property in England and Wales grew 0.9% on an annual basis. The property website, which claims to advertise 90% of the properties on the market, said the latest asking price rise takes the ...

Click on the following link for the full article...

http://www.financemarkets.co.uk/2011/04/18/rightmove-asking-prices-up-in-april/

Sluggish housing market predicted

March 31st, 2011

The UK housing market will remain "sluggish" despite a rise in house prices in March, the Nationwide says.

Click on the following link for the full article...

http://www.bbc.co.uk/news/business-12917122

Budget 2011: First-time buyers to get loans

March 23rd, 2011

A new shared equity scheme for first-time buyers has been called as a "shot in the arm" for the housing market.

Click on the following link for the full article...

http://www.bbc.co.uk/news/business-12835661Rics: Housing market remains subdued

Rics: Housing market remains subdude

March 8th, 2011

The Royal Institution of Chartered Surveyors (Rics) has today revealed the UK housing market remains weak. However, it appears house price falls are easing. While prices in England and Wales continued to fall last month, it was at the slowest pace since last summer. The Rics revealed 26% more surveyors reported house price falls than gains in February, from 31% in January - better ...

Click on the following link for the full article...

http://www.financemarkets.co.uk/2011/03/08/rics-housing-market-remains-subdued/

Land Registry reports 0.2% rise in January house prices

February 28th, 2011

According to the Land Registry, house prices rose by 0.2% in January compared with December, putting the average cost of a home at £163,177 in England and Wales. However, on an annual basis, the Registry said prices fell 0.9% in January - the first negative reading since October 2009. It must be noted that the Land Registry compiles its data ...

Click on the following link for the full article...

http://www.financemarkets.co.uk/2011/02/28/land-registry-reports-0-2-rise-in-january-house-prices/

HMRC: House sales slump in January

Februarty 23rd, 2011

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in January in the UK. According to HMRC, just 54,000 homes worth at least £40,000 or more were sold in the month - the lowest number since January 2010. The figures are revealed as the British Bankers' Association (BBA) reported a further fall in the number of new ...

Click on the following link for the full article...

http://www.financemarkets.co.uk/2011/02/23/hmrc-house-sales-slump-in-january/

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