Archive for May, 2007

Annual Home Price Inflation Down in April

   Thursday, May 17th, 2007

With a rise of only 1.1 percent, April took the annual property price inflation down to 10.9 percent, a significant fall from the 11.1 percent of the previous month. One of the reasons for this is the moderation registered by the market in the past month, as the conditions for buying a home have slightly [...]

Average Home Prices Up to £206,890 in March

   Wednesday, May 16th, 2007

Recent research from the government shows that home prices went up by over £2,000 on average in March compared with the previous month. This adds up to an increase of 10.9 percent over the last year.
Detached properties saw a decrease of 0.2 percent in the course of the same month, while semi-detached properties ranked first [...]

Older Buyers Relocate Further Away from Current Property

   Tuesday, May 15th, 2007

According to new surveys, buyers over 55 tend to choose a new home further away from their former residence. The average distance chosen is 48 miles, while with younger age groups this significantly decreases to 14 miles for those in their mid-30 and nine miles for those in their early 20’s.
Research also shows that 66 [...]

One Quarter of Landlords See Returns Over 30%

   Tuesday, May 15th, 2007

According to surveys, 25 percent of the landlords who have sold a home in the last two years have benefited from returns of 30 percent or more. At the same time, it was determined that from the 10 percent of landlords who sold their property within this timeframe, only 2 percent suffered a loss.

Those who [...]

Interest Rates Go Up By 0.25 Percent

   Tuesday, May 15th, 2007

On May 10th 2007, the Bank of England announced an increase in interest rates from 5.25 percent to 5.5 percent. This change was foreseen by experts, as the property market witnessed three similar moves since August 2006.  However, the reactions of real estate institutions are varied.
At the moment, the rise is likely to have a [...]

The Gap in London Property Prices Increases

   Thursday, May 10th, 2007

Surveys point that in the course of a year London Home prices go up by at least 3 percent more in comparison with other cities in England And Wales. Last year, the average price of a property in London Increased by 11.6 percent, while home prices in England And Wales Rose by 8.3 percent.  On [...]

The Buy-to-let Heaven Is in Wales

   Tuesday, May 8th, 2007

Figures reveal that Wales Holds the second position behind East Anglia In the top of annual total investment returns from buy-to-let property.  Wales Generated a 25.6 percent return rate, only 3.4 percent less than the region of East Anglia.
According to specialists, landlords in Wales Will benefit from this increase twice more than their fellows from [...]

The Cost of Moving Drops Due to Shortage of Homes

   Thursday, May 3rd, 2007

Surveys show that the cost of moving has decreased by some £500 last year due to the shortage in properties for sale on the market.
It seems that this situation has had a strong influence on owners, who now bargain for better conditions with estate agents and solicitors. Consequently, asking prices are currently reduced only by [...]