More tenants are seeking housing but supply fell to its lowest level in seven months in January, ARLA Propertymark’s January PRS report has found. Demand for rental accommodation reached a record high of 88 per member branch last month, up from 56 in December 2019. David Cox, chief executive of ARLA Propertymark, said: “This month’s […]
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Savings schemes, Help to Buy replacements and Stamp Duty should all be looked at by the government ahead of the Budget on 11 March 2020, according to the Intermediary Mortgage Lenders Association. IMLA said first-time buyers have to find large deposits of 20-25% due to tighter affordability criteria and stress testing rules, which means ‘more […]
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Nearly half (44%) of British homeowners would not buy their home again if given the chance, research from home interior company www.Hillarys.co.uk found. This is typically due to issues with the house like heating and plumbing (59%), as well as the size of the house (43%) and having troublesome neighbours (34%). Less common reasons are […]
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Properties in Prime Central London are coming onto the market at twice the rate as other areas of London, as owners look to take advantage of the sharp uplift in the property market, Chestertons, one of central London’s largest agents, has revealed. January figures show that the number of new properties coming onto the market […]
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Last year saw the most commercial property transactions in Scotland for a decade, at 4,667, analysis from the Scottish Property Federation has found. At £3.37bn, the value of commercial property sales in 2019 also hit its highest annual total since 2015. David Melhuish, director of the Scottish Property Federation, said: “We’re pleased to see the […]
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Some Brits don’t have a grasp on how house prices vary across the country, research from online estate agent Housesimple has indicated. One in five Brits (19%) wrongly believe a four-bedroom barn conversion in Blackburn cost more than a two-bedroom penthouse in London – the London home would cost around £2.49m more. People in London […]
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There were 635,277 remortgage cases last year, 4.2% more than in 2018, the 2019 Remortgage Snapshot from LMS has found. 5-year fixed rate products were the most popular, with 46% of remortgagors choosing that product. The average monthly payment decreased to just £181.42. Nick Chadbourne, chief executive of LMS, said: “2019 brought healthy remortgage volumes […]
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Eagle-eyed readers may have noticed my name wasn’t on the site quite as often as usual last week. That’s because I was visiting New York City for the first time. I saw the bright lights – the Empire State Building is still impressive 90 years on – though I later wandered into an area of […]
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Luxgrove has received planning for the Brondesbury Park scheme in London. The developer has received permission to demolish an existing house on the corner of The Avenue and Brondesbury Park. It will then build three four bedroom freehold houses and six two bedroom apartments with roof terraces and parking. Lachlan Ross, chief investment officer, said: […]
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Housing activity increased on both a yearly and monthly basis in January, HMRC statistics show. In January 2020 there were 102,810 residential transactions on a seasonally adjusted basis, 5.2% more than the same month last year and 4.1% more than December 2019. Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: […]
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