Zoopla property news (February 2012)

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Impressive entrance halls 'extremely important' to sellers

The entrance hall of a property is one of the most important features when it comes to selling a house, and homeowners should bear this in mind when it comes to putting the property on the market, one specialist has advised. Graham Lock, director and co-founder of House Network, explained that many people underestimate the importance of the entrance hall when it comes to ...

22nd Feb 2012

Gross mortgage lending rises by 10%

Gross mortgage lending in January was ten per cent higher than a year ago, according to the latest report by the Council of Mortgage Lenders. Research carried out by the body shows that gross mortgage lending in the UK totalled an estimated £10.5 billion last month, which is down slightly from December but a big rise on the £9.5 billion recorded in January 2011. ...

21st Feb 2012

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House buyers 'confident about market stability'

Brits are increasingly becoming more confident about the state of the housing market, as more people realise UK residential property is the best investment for their money, one expert has observed. Stuart Law, chief executive at investment advice company Assetz, said that people have come to realise that the UK housing market is "very stable" in most locations ...

21st Feb 2012

Modern buildings 'a good bet' for student property investors

People thinking of investing in student property have been advised that modern buildings are their best bet if they are hoping of pulling in tenants and making a profit. Peter Mindenhall, researcher at IPINGlobal.com, said that the traditional converted semi is not as popular at the moment, due to the increase in rental regulations and requirements, as some older on-campus ...

21st Feb 2012

Monthly asking price increase 'highest for ten years'

The average asking price for a UK property increase by 4.1 per cent this month, which is the highest monthly increase since April 2002, according to the latest figures. There was evidence of increasing housing market confidence, which contributed to an unexpectedly strong price hike, fuelled by cash-rich market sectors where demand is exceeding supply. According to the ...

20th Feb 2012

Now 'a good time' to buy new homes

Now is a particularly good time to purchase new-build property in the UK, according to one expert who has claimed they are a wise investment. Kevin Wilkins, group marketing director at Bovis Homes, said that the new homes market is continuing to show increasing price stability, which is reassuring for the industry and homebuyers alike. He noted that demand has been growing ...

20th Feb 2012

Buy to let mortgage options 'are widening'

The potential options open to people looking for buy to let mortgages are increasing as lenders realise they are more profitable, it has been noted. Lee Grandin, director at Landlord Mortgages, said that more people are currently looking to purchase buy to let property , as predominately rental returns are holding very well due to a general lack of supply of properties. He ...

17th Feb 2012

Energy efficiency 'a big attraction' to property buyers

People considering buying new homes in the UK in the weeks and months ahead will be paying attention to issues such as energy efficiency when making their decision to invest, one expert has advised. Graham Lock, director and co-founder of HouseNetwork, said that if your windows are showing signs of wear and tear then homeowners should definitely invest in new ones. "It ...

16th Feb 2012

Govt planning system 'needs to be implemented properly'

The coalition's new planning system has "got to be right" if there is to be a significant increase in the number of new homes being built in the UK, according to one sector body. Steve Turner, head of communications at the Home Builders Federation (HBF), acknowledged that the government is currently consulting on its National Planning Policy Framework, but it ...

16th Feb 2012

First half of 2012 'will determine lenders' criteria'

The performance of UK house prices in the first half 2012 will help to determine whether lenders will ease their mortgage criteria, it has been predicted. That is the opinion of Gary Styles, strategy, risk and economics director at Hometrack, who said the real question mark at the moment is that a lot of mortgage decisions will depend very carefully on the outlook for house ...

15th Feb 2012

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