Archive for September, 2007

Top properties with gardens are worth 12% more

   Monday, September 3rd, 2007

Recent research from Haart estate agents shows that Britons prefer houses with outdoor features such as tennis courts, swimming pools, waterside landscapes, triple garages, or sculpture designs. Another major value-adding factor is privacy, since properties having private access and a security system are selling for five or four per cent more.
The survey also finds that, [...]

Newly built houses reach record price of £260,832

   Monday, September 3rd, 2007

The monthly survey from SmartNewHomes.Com shows that the overall 1.3 per cent rise in house prices was determined mainly by the significant increases registered in the south-west and
East Anglia. The study also reveals a strong demand for new homes all over the country.
This record price for newly built properties comes after several downfalls in [...]

One third of house hunters use online services

   Monday, September 3rd, 2007

A new survey by Halifax Estate Agents reveals that 29 per cent of those looking to buy a home start hunting for a property online. The research also shows that, in their turn, homeowners are three times more likely to consider house hunting online if they were to move again.
The use of online property [...]

Mortgage lending market slowing down

   Monday, September 3rd, 2007

The Council of Mortgage Lenders (CML) points out that mortgage lending starts showing signs of slowdown, after the considerable growth registered last year. However, the lending figure recorded in May is a new record, with mortgages summing up to £30.6 billion, a five per cent rise in comparison to May 2006.
Experts predict that lending levels [...]

OFT plans to investigate the house building market

   Monday, September 3rd, 2007

After receiving the recommendations of the Barker Review of Housing Supply 2004, the Office for Fair Trading (OFT) has been supervising the home building market and is now considering further studying it. The OFT’s main concern is that consumers could be at a loss on today’s market. While the study will not concentrate on environmentally-friendly [...]

High demand for coastal housing

   Monday, September 3rd, 2007

A recent study by PropertyFinder.Com finds that British homebuyers are losing interest in buying holiday houses overseas and become more willing to own a second property in the
UK. While the study shows that 1 in 2 Britons would like to have a holiday house, only 500,000 families actually own one. Most second properties are [...]

Homeowners will spend £56 million on gardens this summer

   Monday, September 3rd, 2007

A recent survey from Esure Home Insurance shows that out of 92 per cent of homeowners having gardens, a tenth is going to spend over £500 on landscaping this summer season. This trend, however, can have a considerable impact on garden thefts, since burglars are more likely to take along expensive items such as bikes [...]

Home ownership increases two-fold in 50 years

   Monday, September 3rd, 2007

A recent study from
Halifax Shows that home ownership is now up to 70 per cent, compared with only 38 per cent in 1957. At the same time, the amount of money home buyers spend when signing a contract for a house has also doubled. This translates into a ratio of 6.1 between house price [...]

Home prices went up by 1.1% in June

   Monday, September 3rd, 2007

According to the Nationwide house price index, the average price for a home reached £184,070 in June, a significant rise from £181,584 in the previous month. Although the survey shows house prices went up by 11.1 per cent from June last year, it still stands behind the already predicted slowdown during the following six months.
In [...]