US house price growth reached a near six-year low of 3.8% in November 2019, Zillow’s Real Estate Market Report has found. This is the lowest rate of growth since January 2013, and puts the average house price at $243,225. Breaking it down by area, Phoenix, AZ, saw the highest house price growth of 6.1%, followed […]
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Investment in London’s commercial property market recovered during the final quarter of 2019. Research from property agent Knight Frank shows that investment increased by 15% on the previous quarter to £2.76bn. Nick Braybrook, head of London Capital Markets, said: “Investors have been circling the market in increasing numbers over the last few months, with international […]
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UK house prices fell by -0.7% between September and October 2019, the UK House Price Index has found. After the fall annual price growth stood at just 0.7%. Shaun Church, director at Private Finance, said: “House price growth has almost ground to a halt, with the lowest annual increase in prices seen in more than […]
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David Stewart is partner in the commercial real estate division at independent Scottish law firm Morton Fraser In Scotland, it has been reported in The Scotsman that its commercial property market is set for a record year of inward investment, with international funds making up almost half of all purchase value in the first six months […]
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Barratt Homes staff in South Wales are preparing for a busy time of year after Christmas – with househunters using the holiday to search for a new home in the New Year. The housebuilder said the fortnight after Christmas is its most action-packed time of the year, as it saw a spike in website visits […]
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The size of the property is the most significant factor for homebuyers, with 90% saying it was ‘important’ or ‘very important’, research from Market Financial Solutions has revealed. Other important factors are outdoor space (89%), the property’s finish (88%), its distance to the nearest town (87%) and the availability of a garage or off-street parking […]
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The number of agents seeing a rent increase fell to 32% in November, ARLA Propertymark’s November Private Rented Sector Report has found. This is the lowest figure since March, and represents a fall from 50% in October. Demand from prospective tenants fell in for the third successive month. There were 67 registered prospective tenants per […]
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Luxury property developer 10ACIA has launched a £4.6m luxury gated community on Lea Road near Preston. The development, called Edgewater Oaks, consists of a number of five-bedroom, furnished properties. The scheme was supported by a £1.6m development facility from Lloyds Bank Commercial Banking. David Price, founder and director at 10ACIA, said: “We’re incredibly passionate about […]
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Low mortgage rates have tempted more existing homeowners to remortgage in November, according to e.surv’s Mortgage Monitor. There were 65,879 residential mortgages approved during November 2019, a rise of 2% from October and 2.8% compared to November 2018. e.surv, a firm of residential chartered surveyors, said one factor contributing to the rise may be that […]
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Canary Wharf Group’s new build-to-rent arm Vertus is launching its first development on the privately-owned Canary Wharf estate. 10 George Street, a collection of 327 apartments available exclusively to the rental market, will be available to lease from early 2020. Alastair Mullens, head of Vertus, said: “The build-to-rent market has seen unprecedented growth in recent […]
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