UK Property Market
Archive for September, 2007
Top properties with gardens are worth 12% more
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, on average, garden designs add 12 per cent to the value of homes worth over £600,000. Experts point out that this is mainly due to the summer season, as people are keener to have an outdoor space for relaxation, exercise, or entertainment. Those interested in landscaping their gardens are advised to take a closer look at the latest trends in traditional shows (e.G. Chelsea Flower Show).
This entry was submitted by Jake Bardrick. Jake is also one of the three orginal writer on UK property market blog and has written many different press releases to do with restylane injections.
read users' comments (0)Newly built houses reach record price of £260,832
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
This record price for newly built properties comes after several downfalls in the first months of the year. Although the new house price was slightly under £260,000 in December last year, the annual average price went up by only 0.3 per cent.
This trend, however, was discontinued in May, with
This article was submitted by Myra Dean, she's also a author on OPKM and Webmasters Desk. Myra is a noted specialist on the topic of IPL skin rejuvenation clinic. Read her online journal here.
One third of house hunters use online services
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 portals is also related to the age of the buyers, with 42 per cent of those between 18 and 44 already performing online searches. For people aged 45 or more, the figure is less than half, although on the rise, with 20 per cent doing online house hunting. Among the advantages of searching a home online the study mentions the easiness and convenience of the process, since thousands of properties are just a click away from one’s own home.
This article was written by George Ryan. George is also one of the three orginal writer on Furrey Lens and has published many articles concerning sculptra face lift birmingham.
Mortgage lending market slowing down
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 will drop by the end of the year, although the market is bound to stay in the same shape. In this context, the Royal Institution of Chartered Surveyors (Rics) warns home buyers about the affordability levels deteriorating even more. While increasing interest rates will reduce the demand in autumn and winter seasons, the market is still on its way of reaching a record level of £360 billion in lending in 2007.
This post was composed by Callum Reeder. Callum is also one of the main writers on Spot mail and has written lots of different articles to do with non surgical cosmetic treatments.
OFT plans to investigate the house building market
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 home building or suggest where development should be made, it will assess different ways to reduce the burden on this market.
According to OFT representatives, the study will focus on identifying ways to improve the customer experience of buying a new-build home, since for many this is the most significant purchase of their lifetime. Due summer 2008, the OFT study will also look at the quality of new homes, as well as the customer satisfaction levels.
This article was submitted by Daniel Cartlidge. Daniel is also one of the main writers on London blog and has published many articles on smart lipo.
High demand for coastal housing
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
At the same time, many of the coastal towns are turning into micro markets, being governed by other demand factors than the general market. Since many of them are property hotspots, a boom in house prices is expected this summer in coastal towns such as Rock in
This article was submitted by Benjamin Jamieson. Benjamin also regularly contributes to the CoffeePop and has published many articles on click through rates.
Homeowners will spend £56 million on gardens this summer
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 or lawnmowers. In spite of this threat, only one in two homeowners is considering improving the security of their garden.
The research also finds that while 76 per cent of homeowners have a shed with costly equipment (over £550), eight per cent of them do not use secure locks to protect their items when they are not used. In fact, more than 1.4 million homeowners had something stolen from their shed over the last 12 months.
This article has been submitted by Henry Moore. Henry is also one of the primary writer for Fruity Beauty Blog and has been quoted often concerning botox clinic .
Home ownership increases two-fold in 50 years
A recent study from
Similarly, a major rise is recorded in the average property price, which went from £2,330 to £192,314 in the same period of time. Another trend identified consists in home prices increasing five times faster than in 1957 (11 per cent rate nowadays, compared to two per cent 50 years ago). Among the things that remained roughly the same is the average mortgage rate, which now stands at 5.8 per cent, while in 1957 it was 5.3 per cent.
This article was written by Tara Kennedy, she is also a author on Fruity Beauty Blog and Idletymes. Tara is a noted specialist on the topic of IPL skin rejuvenation clinic. Read her blog here.
Home prices went up by 1.1% in June
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 June, the inflation was stronger than specialists expected, as this was the month with the fastest increase of 2007. However, the annual inflation rate is expected to go down by five to eight per cent by the end of the year. At the same time, estate agents are starting to record a drop in the number of new buyers showing interest, while house builders have less and less site visitors.
This post was written by Abbigail Bliss, she regularly contributes to Pet Gazette . Abbigail is fast becoming an authority on oak masters.