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Prime London property prices rose by 4.8% in the fourth quarter of 2019, taking the annual rate of increase to 5.3%, the Coutts London Prime Property Index found. Demand seems to be on the up, as 10.1% more properties sold in the final quarter of 2019 than the corresponding period in 2018. However the number […]
The post Luxury London prices see rapid increases in Q4 2019 appeared first on PropertyWire.
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The proportion of homes sold about the list price fell to a three-year low of 19.9% in 2019, suggesting last year was a less competitive one for buyers. The coolest top-35 markets were Miami (8.9% of homes sold above asking), Las Vegas (12.6%) and Tampa (13.3%). Las Vegas fell from 26.8% a year ago, which […]
The post Fewer US homes sold above list price in 2019 appeared first on PropertyWire.
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Letting agents have lost money due to the Tenant Fees Act of June 2019, research from lettings platform Goodlord has found. A third (31%) of letting agents said their agencies have lost between 10-20% of their revenue, while 28% said their agencies had lost up to 10% of their revenue. Some say the impact has […]
The post Tenant Fees Act hits agency revenues appeared first on PropertyWire.
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Estate agents are most wary of being asked how much money a property has lost in value over the years, research from www.Hillarys.co.uk has found. They also dread being asked whether there are plans in the local area that can affect homeowners, followed by the lowest price that sellers are willing to go. Matthew Wasley, […]
The post The questions estate agents hate answering appeared first on PropertyWire.
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Tony Murrell is the author of the e-book ‘How to Solve the UK Housing Crisis’, all the proceeds of which are being donated to Shelter – the housing and homelessness charity. He was a housing professional for 30 years, spending the last 15 of them as a local authority director of housing. For far too […]
The post Fix the UK’s broken land laws to solve the housing crisis appeared first on PropertyWire.
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Female renters over the age of 60 spend 88% of their salary on their tenant deposit, research from tenant deposit rental scheme Ome has found. With males this drops to 55%, highlighting the gender divide when it comes to older renters. Matthew Hooker, co-founder of Ome, said: “Those in the youngest age groups tend to […]
The post Older female renters spend nearly a month’s salary on their deposit appeared first on PropertyWire.
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Property Booking has experienced a surge of enquiries this January from buyers considering shared ownership. The website, which hosts details of homes available to purchase and rent, saw searches for the affordable home-buying option of shared ownership soar by 62.4% during the first four weeks of 2020. Jimmy Acton, director at Property Booking, said: “Shared […]
The post Shared ownership enquiries rise appeared first on PropertyWire.
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The West Midlands Combined Authority (WMCA) has redefined ‘affordable housing’ to mortgages or rent costing less than 35% of the lowest quarter of wage earners in the local area. This replaces the typically used ‘affordability’ definition of 80% of market value. The West Midlands is the first UK region to introduce a local definition, which […]
The post The West Midlands redefines ‘affordable housing’ appeared first on PropertyWire.
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InterBay Commercial, part of OneSavings Bank, has appointed Krissy Salmon as senior business development manager covering South West, South Wales and the South Coast. She previously worked for OneSavings Bank brand, Kent Reliance for Intermediaries, for two years, having held a similar position previously at Shawbrook Bank in its commercial team. Salmon said: “I welcome […]
The post Krissy Salmon joins InterBay Commercial as senior BDM appeared first on PropertyWire.
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Housing association Notting Hill Genesis will soon launch one and two-bedroom apartments at Woodberry Down in Hackney. The properties will be available to purchase with shared ownership. Jim Munson, head of marketing at Notting Hill Genesis, said: “Woodberry Down continues to be a popular development for buyers looking for the whole package in a first […]
The post Shared ownership homes coming to Hackney’s Woodberry Down appeared first on PropertyWire.
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