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568 Current News Articles Found - Page 1 of 38
Over 2000 archived News releases and Industry articles.

Demand for rental properties in UK down slightly in July but no marked Brexit effect
Tue, 30 Aug 2016 07:50:22 +0100

The number of rental properties on letting agents’ books in the UK is at its highest level this year so far as demand for properties fell marginally in July, according to the latest research.But the private rental sector market is in positive shape following the decision in June to leave the European Union with the majority of agents reporting no change to rent prices.The July rental sector report from the Association of Residential Letting Agents (ARLA) shows that there were 184 rental p...

Posted By : PropertyWire
Conveyancing activity in UK saw ups and downs in second quarter of 2016
Tue, 30 Aug 2016 12:03:21 +0100

Conveyancing activity in the UK residential housing market increased in the second quarter of 2016 with changes to stamp duty pushing up transactions by 24% year on year, the latest data shows.Sales jumped from 230,430 to 286,425 as completions were registered following the rush to beat the Stamp Duty Land Tax (SDLT) changes for buy to let properties and second homes in April 2016, according to the latest edition of the Conveyancing Market Tracker from Search Acumen, the search provider. Comple...

Posted By : PropertyWire
Property prices up across most of Portugal including Lisbon and the Algarve
Tue, 30 Aug 2016 14:22:03 +0100

The average price of a home in Portugal increased by 5.4% in the second quarter of 2016 when compared to the same period last year, according to the data to be published.Property prices rose across most regions of Portugal during the quarter taking the national average to €1,187 per square meter.The data from online property information platform Idealista also shows that growth was led by gains in Lisbon where the average property rose in value by 6% year on year to an average €1,451 ...

Posted By : PropertyWire
Third of UK tenants fund energy improvements instead of landlords
Tue, 30 Aug 2016 15:52:22 +0100

A new report reveals that a third of tenants in the UK have paid for energy efficiency improvements despite recent Government legislation that requires landlords to do so.Currently landlords are required to bring their property up to the minimum Energy Performance Certificate (EPC) rating E. Under the legislation, which came into force on 01 April 2016, if a tenant requests a more efficient home and the landlord fails to comply, the landlord could ultimately be forced to pay a penalty notice.Ho...

Posted By : PropertyWire
New home building set for record year but will decline in next couple of years
Tue, 30 Aug 2016 16:34:40 +0100

This year looks like being a record for new home building in Australia but the outlook for 2017 is not buoyant with predictions that it could be very different as new homes sales are falling.The monthly survey of Australia’s largest volume builders by the Housing Industry Association (HIA) reveals that total seasonally adjusted new home sales fell by 9.7% in July 2016 following an increase of 8.2% the previous month.HIA chief economist Harley Dale said that the overall trend decline in ne...

Posted By : PropertyWire
Would be home owners in UK save for over four years for home deposit
Mon, 29 Aug 2016 07:20:30 +0100

Aspiring home owners in the UK believe they will need to save for more than four years in order to afford a deposit for their first home, new research has found.While most will safe for four years and four months some 27% believe that they will never be in a position to buy their own property, according to the report from insurance firm Aviva.Official figures show that the typical first time buyer home in Britain now costs £180,677. In order to save a 10% deposit, aspiring home owners sta...

Posted By : PropertyWire
More UK home owners remortgaged in July due to falling rates
Mon, 29 Aug 2016 08:41:47 +0100

Home owners who remortgaged their properties in July lost no time in taking advantage of falling mortgage rates following the UK’s decision to exit the European Union (EU), a new report shows.Some 63% of remortgagers lowered their mortgage rates last month, up by 7% from May and 43% acted to reduce monthly payments as cheaper deals appeared on the market in the wake of the Brexit vote, according to data from LMS. With the exception of two-year variable products at 75% loan to value (LTV),...

Posted By : PropertyWire
Group of experts created to help bring more affordable homes to London
Mon, 29 Aug 2016 09:44:51 +0100

The Mayor of London has released the first details of his plans to set up what he describes as a powerful Homes for Londoners team at City Hall to oversee home building in the capital and boost the delivery of new and affordable homes.As a first step Sadiq Khan has begun recruiting new experts to scrutinise 'viability assessments', the financial details that lie behind how much affordable housing new developments include.The experts, who will be drawn from finance surveyors and property...

Posted By : PropertyWire
More people in UK want to buy a home but ownership levels are falling
Mon, 29 Aug 2016 11:41:45 +0100

The appetite amongst people in the UK to own their home has risen steadily over the past four years but ownership levels have also been falling, new research shows.Some 73% of non-home owners now say they would like to own their home compared to 69% last year, 68% in 2014 and 65% in 2013, according to the annual survey from the consumers group the HomeOwners Alliance.But despite more people wanting to own the roof over their heads, home ownership levels have been declining for the past decade a...

Posted By : PropertyWire
Home prices and rents in the US up for over 45 months in a row
Mon, 29 Aug 2016 14:28:10 +0100

National home values in the United States increased to an average of $187,300 in July, the 48th month in row of appreciating values, the latest index data shows.Home values have risen by 5% over the past year and have been consistently climbing since August 2012, but still remain 4.7% below the peak of April 2007 when the median home value was $196,600.The index report from real estate firm Zillow shows that Portland, Dallas and Denver reported the highest year on year home value appreciation a...

Posted By : PropertyWire
Cost of land to build prime homes in Asia still rising
Fri, 26 Aug 2016 13:35:59 +0100

Prices of residential sites in Asia increased by 1.9% in the first half of 2016, down from 2.8% in the preceding six months, put office land increased from 1.9% to 2.2%.Overall development land investment volumes in Asia matched the level registered in the corresponding period last year, according to the Prime Asia Development Land Index from international real estate firm Knight Frank.As compared to the preceding six months, however, they were 40.4% lower and the index report explains that lan...

Posted By : PropertyWire
Manchester becomes key focus for commercial property investment
Fri, 26 Aug 2016 07:44:33 +0100

Office transactions in the UK’s third largest city increased by 8% in the first half of 2016 compared to the same period last year with Manchester becoming a key focus for commercial property investors.Transaction volumes in Manchester’s office investment market totalled £304 million in the first six months of the year, some 3% higher than the five year first half average of £295 million, according to international real estate advisor Savills.The firm’s latest Manc...

Posted By : PropertyWire
Gross mortgage lending slows in UK post Brexit
Fri, 26 Aug 2016 08:40:20 +0100

Gross mortgage lending in the UK held steady in July and was an estimated £21.4 billion, similar to June but 1% lower than July last year.The data from the Council of Mortgage Lenders (CML) is the first full month since the country voted to leave the European Union and it is too soon to see how much of an impact Brexit is having.CML chief economist Bob Pannell explained that the subdued nature of property transactions and mortgage lending in July are consistent with a less positive backdr...

Posted By : PropertyWire
Research reveals extent of incorrect property listings in UK
Fri, 26 Aug 2016 10:16:36 +0100

When buying a home prospective sellers expect the details to be listed correctly but new research has found that 48% of houses in sale across the UK contain rooms that are listed incorrectly.The analysis of estate agent data also found that 36% of single bedrooms rooms are technically too small to be classed as such for anyone aged over 10 and 17% of double rooms are not big enough to be inhabited by two people.Liverpool has the most errors for single rooms with 69% listed not meeting size requ...

Posted By : PropertyWire
Annual price growth slowing in key cities in UK, index data shows
Fri, 26 Aug 2016 11:10:26 +0100

The annual rate of house growth in key cities in the UK has started to slow after 12 successive months of rising prices, according to the latest index figures to be published.But there is some regional variation and house prices in large regional cities outside southern England continue to grow while those in London have seen a market slowdown, the Hometrack cities index shows.Outside the south house price growth continues to hold steady at 7% to 8% per annum with no sign of an imminent slowdow...

Posted By : PropertyWire
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