The number of for-sale homes in the US is at its lowest point in at least seven years, December’s Zillow Real Estate Market Report has revealed. The number of available homes fell by 7.5% annually, with 31 of the 35 largest US housing markets reporting falling inventory. Seattle (down 28.5%), San Diego (down 23%) and […]
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When you’ve poured money, time and sweat into a beautiful property you’re proud to let, it’s only fair that you fully maximise its yield. More and more landlords are switching from residential letting, recognising that there’s lots to be gained from getting into the holiday rental industry. With next year’s holidaymakers already starting their bookings, […]
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The asset quality of residential mortgage-backed securities in Ireland is set to weaken in 2020, credit reference agency Moody’s has predicted. This is due to the inclusion of buy-to-let loans, higher loan-to-value reperforming loans and fixed-rate mortgages, though underwriting standards and transaction structures will remain strong. Irish GDP growth is expected to fall from 5.2% […]
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The Leasehold Solutions Group has arranged a training workshop to help estate agents understand imminent changes in leasehold legislation. Estate agents are under growing pressure to ensure leasehold terms are spelled out in property listings. The half-day seminar will be held on Tuesday 4 February at the Crowne Plaza London. Louie Burns, managing director of The Leasehold Solutions Group, said: “Estate agents are […]
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Property prices increased by 2.3% between December and January, amounting to £6,785, Rightmove’s house price index has revealed. There have been 1.3 million buyer enquiries since the election, up 15% compared to the same period a year ago. Meanwhile there has been a 7.4% growth in number of sales agreed year-on-year Jeremy Leaf, north London […]
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The cost of five-year fixed rate buy-to-let mortgages has fallen as we enter 2020. At 50% loan-to-value the cost fell by £15 per month between December 2019 and January 2020, while at 65% LTV it fell by £11. The research came from online mortgage broker Property Master. Angus Stewart, chief executive of Property Master, said: […]
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Living near a landmark gives a boost to house prices compared to other homes in the surrounding area, research from banking services provider thinkmoney suggests. Homes near Wolverhampton’s National Trust Wightwick Manor for example are 60% above typical house price in the area, or £104,180 higher. Other good landmarks to live nearby are Glasgow’s Hunterian […]
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Countryside has promoted Mike Woolliscroft to chief executive of the developer’s partnerships south division. Woolliscroft will oversee the division, which specialises in regeneration of public sector land in London and the home counties, delivering private and affordable homes by partnering with local authorities and housing associations. Currently the division is delivering regeneration projects including Acton […]
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London-based online mortgage broker Trussle has raised £7.5m in funding. The investment includes funding from a new investor, the Dutch-based Rabo Frontier Ventures (RFV), alongside existing investors, Goldman Sachs Merchant Banking Division, Finch Capital and San Francisco-based Propel Venture partners. Harrie Vollaard, head of Rabo Frontier Ventures, said: “The slow-moving and complex mortgage market is […]
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It’s hard to know who to take seriously when looking at noises about the housing market so far in 2020. We’ve seen some upbeat reports and the odd negative one about whether there’s been a so-called ‘Boris bounce’ in people buying since the general election. When looking at the reports side-by-side, it seems likely there’s […]
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