Zoopla property news (March 2012)

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HBF backs govt's NewBuy scheme

The coalition government's NewBuy scheme and pro-growth planning system should boost the UK's new homes market, it has been claimed. According to Steve Turner, head of communications at the Home Builders Federation (HBF), there is a clear demand for new homes in the UK, in spite of a lack of mortgage availability. As mortgage availability begins to return, ...

16th Mar 2012

Lending conditions 'improving' for FTBs

Lending conditions for first-time buyers (FTBs) are continuing to improve, which bodes well for people looking to take their first step onto the UK property ladder in 2012, it has been noted. Tim Lambert, head of investment property at Parallel Investment Management, said it "certainly seems to be the case" that lending conditions have improved for FTBs in the UK ...

15th Mar 2012

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NewBuy scheme 'a positive move'

The government's NewBuy scheme is a positive one, but it is not yet known what impact it will have on the property market, one analyst has stated. Liam Bailey, head of residential research at Knight Frank, said it is a positive move in terms of underpinning house prices , but it is "negligible in its scale". Earlier this month, housing minister Grant Shapps ...

14th Mar 2012

UK housing market 'is stabilising'

The UK's housing market is continuing to stabilise as house prices level out, according to one analyst who has predicted that this trend may continue for the foreseeable future. Liam Bailey, head of residential research at Knight Frank, observed that UK house prices have dropped quite sharply over the last six months, but are now probably getting closer to being ...

14th Mar 2012

Expectations for UK house prices 'improving'

Expectations for future house prices were more optimistic during February as transaction levels continued to edge upwards, according to the latest UK Housing Market Survey from the Royal Institute of Chartered Surveyors (RICS). Surveyors reported a net balance of zero per cent last month, (compared with -14 in January), which is the first time since May 2010 that ...

13th Mar 2012

Prime London property rents 'set to fall'

There is likely to be a reduction in rents for prime London property in the coming weeks, according to one expert. Ed Mead, director at Douglas & Gordon, said that he does not expect to see rents going up over the short or medium term, by virtue of the fact that buy to let property has had a "resurgence" in recent times. This is because a mortgage on buy to ...

13th Mar 2012

London land values increase substantially

There has been a sharp rise in central London residential development land values over the last 12 months, according to the latest report from Knight Frank. The data shows that values are up 20.3 per cent year-on-year while, on a quarterly basis, they rose by more than three per cent in the final quarter of 2011. Outside of the capital the land market is stable, which ...

12th Mar 2012

City house price rises 'outpacing UK average'

House prices in UK cities have risen by an average 382 per cent over the past 25 years, according to the latest report, which is outpacing the average increase across UK property . As part of this year's Diamond Jubilee celebrations, 26 towns have applied for city status, and to commemorate this Halifax published a study looking at how house prices in cities have ...

12th Mar 2012

95% mortgages 'will help thousands of buyers'

Thousand of first-time buyers around the UK are set to benefit from 95 per cent mortgages under a new loan guarantee scheme. The NewBuy Guarantee is vein backed by both the government and developers and is aimed at 100,000 prospective and existing homeowners who cannot currently afford the deposits required for 80 per cent mortgages. People will be able to purchase a newly ...

12th Mar 2012

Prime London 'a major location' for property investors

There is no doubt that prime London property is one of the very best places to invest at the moment, one industry expert has pointed out. Liz Peace, chief executive of the British Property Federation, said that at a time of global uncertainty, it is "entirely logical" that investors should look to the UK. Her comments followed an MIPIM industry which claimed that ...

9th Mar 2012

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