UK property price growth remains low at 0.7% in the 12 months to the second quarter of 2019, whilst prime central London prices are now 20% below 2014 peak, the latest market analysis shows. Nationally house prices are now 16.6% above the pre financial crisis peak and in London this figure rises to 53.5%, according […]
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Average home prices in England and Wales fell by 0.1% in August but in Scotland they dipped further, down by 1.2%, the latest index shows. This took the average asking price in England and Wales to £201,849 and in Scotland to £186,681, according to the data from Home.co.uk. A breakdown of the figures shows that […]
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Landlord confidence in their own lettings business has reached a record low, with just 29% saying their expectations for the next month is good or very good. The data from the National Landlords Association (NLA) shows that this is the lowest level since its landlord survey began in the fourth quarter of 2006. It points […]
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The Property Ombudsman (TPO) has expelled six agents who failed to comply with parts of the TPO Codes of Practice and have not paid subsequent awards made by the Ombudsman. Whilst some of the agents appear to have ceased trading, others have re-opened trading under the same name but with different directors with all complaints […]
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The residential housing market in Portugal is still struggling for momentum as key activity indicators covering demand, sales and instructions all remain in negative territory, according to the latest analysis. However, conditions are a little firmer in the lettings market, with demand continuing to rise and this is expected to push rents slightly higher over […]
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Tenants in private rented housing are bearing the brunt of the Government’s focus on boosting home ownership at the expense of the rental market, according to a landlord organisation. The Residential Landlords Association points out that the latest figures from the Royal Institution of Chartered Surveyors (RICS) show that there has been a fall in […]
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Many estate agents are not taking into account the impacts that Brexit is having on the property market, making asking prices too high, it is claimed. An analysis of 65,384 property sales between August 2018 and August 2019 by house selling firm Property Solvers shows that the average differences between asking prices on Rightmove and […]
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Two in five home owners in the UK would rather build an extension than move house after changes in planning law, new research has found. Some 35% say they would re-mortgage their home in order to afford an extension and 80% think that new planning laws will make disputes within neighbourhoods more likely. Overall the […]
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Gone are the days when you automatically go to a High Street bank to get a mortgage. There is a more diverse range of options these days but this does not mean that more choice is necessarily making it easier for borrowers. Indeed, it can be a bit confusing as mortgage experts are everywhere. There […]
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Borrowers will be able to take out new mortgages in their early 80s after a specialist lender launched new deals to meet demand from older customers. Finance company Together has today started offering new mortgages which go up to an applicant’s 85th birthday. As the shortest mortgage the lender offers is over a three year […]
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