Buy to let market running out of steam
The CML has today revealed that the UK buy to let market has rebounded strongly from post-credit crunch levels although it would appear to be running out of steam. The number of buy-to-let mortgages agreed increased by 13% in the second quarter of 2010 with around 25,000 confirmed. While these figures are welcomed by investors in the buy to let market they are just around 25% of the business levels seen prior to the credit crunch and the worldwide economic downturn.
There is no doubt that the buy to let market is "over the worst", at least in the short-term, but with many experts predicting difficult times for the UK economy and a difficult period for the property market it will do well to maintain current growth levels. Indeed even the CML believes that there are signs that the sector is easing back although how far it will fall remains to be seen. It is also worth noting that a large number of buy to let investors of years gone by have now left the market, many having been forced to sell on their properties at knockdown prices. The buy to let sector enjoyed something of an Indian summer for much of the first decade of the 2000s although whether these "good times" will return again remains to be seen.
Investors Flee Property Markets
For many years the UK property investment community has been very buoyant with a growing exposure to many areas of the world. However, as the credit crunch continues to hit home we are seeing more and more UK investors move out of emerging property markets because of financing issues. The sector has also seen a substantial fall in property prices as the more speculative end of the market comes u...Read More
House prices firm but demand starts to weaken
In a rather bizarre situation we have seen the number of potential buyers in the UK property market fall in the four weeks to May 8 while the cost of houses in the UK increased by 0.7%. It is unclear as to why the price of houses in the UK would push higher if demand is weakening although in all honesty it has been near impossible to forecast the direction of UK property market in the short term....Read More
House Prices rise for fifth consecutive Month
House prices in the UK rose again in February, for the fifth successive month. Figures from Nationwide building Society show that the average price of a house in the UK now stands at £162,638, a rise of almost £1,500 from February 2012. There has been inconsistency in the housing market over the past twelve months, but there now seems to be a trend forming with rising prices for the last five...Read More
Property portals' popularity grows
More homebuyers than ever before are searching for potential properties over the internet, with property portal popularity particularly high among the younger generation, new research has shown.According to Halifax Estate Agency, overall ten per cent of people looked for the home they now own on the world wide web and a further 29 per cent said they intend to use the internet to search for a prope...Read More
Housing market recovery is ‘spreading’
11/09/2013 Housing developer Barratt’s has claimed the recovery of the housing market is “spreading beyond London and the South East,” supporting claims from the Royal Institution of Chartered Surveyors (Rics), who have also maintained a similar increase in the housing market outside of London and the South East is evident. Barratt Development posted pre-tax profits of £104.8 million...Read More