Zoopla property news (February 2012)

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London property prices soar after Olympic bid win

The value of London property located close to the site where the 2012 Olympic Games will take place has increased significantly since the city won the bid to host the event, new figures reveal. According to Lloyds TSB, the average cost of buying a house close to the main site of the London 2012 Olympic and Paralympic Games has increased by over £60,000 in the last ...

29th Feb 2012

Govt 'can help FTBs'

The government could do more to help out the nation's first-time buyers (FTBs), it has been claimed. Peter Bolton King, chief executive at the National Federation of Property Professionals (NFOPP), said that government schemes such as FirstBuy and the mortgage indemnity guarantee are having an impact, but it is only limited. Mr Bolton King said the NFOPP has been ...

28th Feb 2012

Property news archive

Housing market conditions improve in February

Conditions in the UK housing market have improved this month, according to the latest industry figures. The Monthly National Housing Survey by Hometrack shows that the number of buyers registering with agents increased by 18 per cent throughout the month, which is the strongest level of demand seen since the beginning of the economic downturn. In addition, it is 15 per cent ...

27th Feb 2012

Buy to let property sales rise

Buy to let investments are increasing in popularity once again, according to new figures which reveal that landlords purchased 20 per cent more property last year than in 2010, as they were tempted back by cheaper house prices and higher rents. The data was published by advice network The Landlord Syndicate, which said it is clearly good news for the private rented sector. ...

24th Feb 2012

Redesigning a property 'does not have to cost a fortune'

People thinking of making wholesale changes to their property do not have to spend a fortune when carrying out the alterations, it has been claimed. Alexi Sugden, senior designer of Egerton Designs, said it is a "tricky subject" as many property owners tend to use interior designers as "fixers", though the fact is that a good interior design takes time ...

24th Feb 2012

Property market 'extremely buoyant' in 2012

Now is a great time to invest in UK property , as the market is set to be "extremely buoyant" in 2012, according to one market analyst. The number of property purchases witnessed in the first six weeks of 2012 is at its highest for five years and this is set to continue in the coming months as people realise now is a great time to move, said Stuart Flavell, chief ...

23rd Feb 2012

Homeowners 'must keep on top of home repairs'

UK property owners have been advised to ensure that any necessary home repairs are carried out to avoid their house falling into disrepair and their home values possibly being affected. A new report by the AA shows that nine per cent of Brits have delayed home repairs or maintenance or tried to fix things themselves in the past year to save money. Overall, homeowners faced ...

23rd Feb 2012

FTBs 'making the most' of stamp duty holiday

The country's first-time buyers (FTBs) are making the most of the stamp duty holiday as they purchase UK property , a new study has suggested. Figures published by National Association of Estate Agents (NAEA) show that more FTBs visited estate agents in January than at any point in the previous eight months, with 23 per cent of overall sales last month involving first ...

23rd Feb 2012

London property 'a wise investment'

Investors around the UK and the rest of the world are realising that London property is a safe purchase because they are very unlikely to lose out while they own the building, one expert has explained. Ed Mead, director at Douglas & Gordon, said that the prime central London market remains attractive for investors at the moment, as although some realise they may not get ...

22nd Feb 2012

Property owners 'should not shy away' from DIY

UK property owners should be encouraged to make more home improvements in order to boost the appeal and value of their home, it has been claimed. Jason Orme, editor at Homebuilding & Renovating, acknowledged that there has been an increase in the number of people carrying out their own home improvements in recent times as they realise DIY can be effective as well as ...

22nd Feb 2012

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