Zoopla property news (February 2012)

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Millions to be spent building new homes in north-west

A multi-million pound investment to build new homes in the north-west has been announced by Manchester City Council. The Greater Manchester Pension Fund (GMPF) is set to pay for the construction costs, which will total around £25 million and see as many as 250 new properties for sale or rent being built in and around the city. According to the authority, the programme ...

8th Feb 2012

Track and fix mortgages 'can keep costs down'

People can help to keep their monthly outgoings down by choosing track and fix hybrid mortgages, which are an "excellent" option, one expert has claimed. For first-time buyers in particularly, track and fix hybrid mortgages will keep costs down now, and stop them spiralling in a few years if rates do go up, said Catherine Hearnden, director at MyMortgageDirect. ...

7th Feb 2012

Property news archive

Tenants 'staying in rental property for longer'

Tenants in the UK are looking to stay in rental property for increasingly longer periods of time, it has been claimed. Malcolm Harrison, spokesman for the Tenancy Deposit Scheme, said that there has been a substantial increase in tenancy periods in recent years and this may be set to continue for the foreseeable future. He explained: "If you go back five years then all ...

7th Feb 2012

Prime central London property continues to rise

There has been another rise in the average value of prime central London property as the market continues to exceed expectations. According to the latest data issued by Knight Frank, the price of prime central London residential property rose by 0.9 per cent in January, with the home values of prime property in the City and City Fringe areas rising by an average of 0.8 per ...

6th Feb 2012

Good lighting in and around the property 'is essential'

Making sure that a home has great lighting both inside and outside the building can have numerous befits, one expert has stated. It can range from providing a simple solution to locating door keys at the end of the working day to helping create a great ambience inside, explained Natalie Timmerman, spokeswoman for Light IQ. "Consider you are arriving home after a day at ...

6th Feb 2012

Govt housing announcements 'are very positive'

The latest announcement by the coalition about more land being made available for new homes to be built is great news for the industry, one sector body has noted. The Department for Communities and Local Government has revealed that land for up to 80,000 new homes has been identified, while all buyers will now be eligible for the NewBuy Guarantee scheme as long as the ...

3rd Feb 2012

UK housing market confidence booms

There has been a boom in the number of people expressing confidence in the UK's property industry and its future prospects, a new poll reveals. A survey carried out by Agency Express shows that all 12 major UK regions saw significant double-digit growth in new 'for sale' listings recorded in January, compared to the previous month. The regional hot spots ...

2nd Feb 2012

Property activity increases in private rented sector

Buying and selling activity in the UK's private rented sector increased in 2011, according to the latest industry figures from the Association of Residential Letting Agents (ARLA). The data reveals that the proportion of landlords that sold a property in the 12 months to Q4 2011 stood at eight per cent, compared to just six per cent selling homes in the 12 months to Q3 ...

2nd Feb 2012

Competitive pricing 'hugely important' when selling a home

It is extremely important that people putting their home on the market make sure it is competitively priced, one expert has claimed. Dianne Paterson, property partner at Russel + Aitken, said that UK house prices are unlikely to change much in 2012 and so sellers who are more competitive when listing property for sale will have the best outcomes. "Looking ahead, 2012 ...

2nd Feb 2012

Lowering VAT 'could boost home energy efficiency'

A reduction in the rate of VAT on home improvements could encourage more people to increase the energy efficiency of their property , according to one sector body. Andrew Leech, director at the National Home Improvement Council (NHIC), said he is "sure" this would be the case, as cutting VAT would save the consumer money and also means that they are more likely ...

1st Feb 2012

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