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Housing market slowing down
29/07/2014 The UK housing market finally appears to be slowing down as seven of the 10 regions in England and Wales recorded a month-on-month fall in house prices, according to the Land Registry. However, despite price reductions in more than half of the regions in England and Wales, the overall average house price remained unchanged from May to June 2014. The data showed that the biggest...
Read MoreUK house prices increase in January
The Nationwide report on the UK property sector has highlighted a growing trend which has seen UK house prices increase in value over the last year. A 1.2% increase in the value of property in January, compared to December 2009, brings the total annual increase to 8.6% between January 2009 and January 2010. But what does the future hold for the UK property market? In a move which will surprise...
Read MoreUK housebuilders still under severe pressure
In a worrying development for the UK housebuilding sector Redrow, one of the leaders in the UK, has announced a very gloomy forecast for the short to medium term with concerns that buyers are leaving the market in droves with at least 20% walking away from potential purchasers through Redrow over the last two months. The company has also confirmed that more than 50% of its sales outlets are failin...
Read MoreIs renting a viable alternative to a house purchase?
As the UK property market continues to spiral downwards, despite the attentions of the UK government, many people are now looking towards the rental market which has also had its fair share of troubles in recent times. Rental values have fallen in line with house prices and there are now some very attractive lease and rental options open to many areas of the UK. So is renting a viable option in th...
Read MoreHouse prices hit new peak in six regions
17/09/2014 House prices are now higher than before the financial crisis in six regions of the UK, according to the Office for National Statistics (ONS). These six regions include, London, the South East of England, the East of England, the East Midlands, the West Midlands and the South West of England. UK property prices as a whole are up an average of 11.7% for the year when measured up...
Read MoreCompletion time on home sales falls despite signs of slowdown
The slowdown in the housing market may not be as marked as has been suggested, new figures indicate. According to the LMS Quarterly Market Efficiency Monitor the average time taken to sell a home in the UK during the first three months of this year fell to 55 days compared with 56 days for the corresponding period last year. The fall was most marked in the North of the country, where the completio...
Read MoreHouse prices 'fall 1.6 per cent'
House prices fell by 1.6 per cent in February, new government figures reveal.The new report, from the Department of Communities and Local Government, also showed that the annual rate of property inflation was down to 6.7 per cent.This forms a 1.3 per cent drop from January's figure - and is indicative of the difficulties buyers are having with securing a mortgage in the credit crunch.Overall, the...
Read MoreStealth taxes to hit the property sector
In a move which is as much about protecting tenants as it is about raising additional funding, the UK government is currently considering a scheme which would see all landlords added to a national register. While presented as a way of highlighting rogue landlords and potential fraudulent activity, the £50 charge per landlord would raise a significant amount of money for the UK government without...
Read MoreUK consumers predict house price increases in 2010
Despite the fact that more and more analysts are becoming concerned about the fragile nature of the UK economic upturn, over 50% of UK consumers believe that property prices will increase in 2010. This prompts the question as to whether this possibly "unjust" optimism could backfire and push us back into recession or could this be the catalyst for a strong recovery in the UK economy? The truth...
Read MoreWomen make a success of property investments
According to a new study conducted by Bradford & Bingley, women are just as successful and ambitious as men when it comes to property investments.The study found that over three quarters of female property investors manage to hold down day jobs, as well as manage their investment properties and a quarter said that they intended to expand their sideline by investing in further properties within the...
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