Zoopla property news (May 2012)

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Property prices 'have been very resilient'

House prices in the UK have been "staggeringly resilient", according to one expert who said that any major fluctuations in the coming months are unlikely. Paul Holmes, chief executive officer at the mortgage advice organisation Firstrung, said there is still a lot of "puff and air" being blown into the market and hype from certain analysts about what ...

31st May 2012

Property buying preferences 'are changing'

There has been a shift in the property buying preferences of people in the UK, with the trend moving away form city centre flats and towards larger homes in the suburbs, one sector body has commented. Steve Turner, head of communications at the Home Builders Federation, said he has observed a shift in the mix of homes over the last few years, which he attributes partly to ...

30th May 2012

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Long-term tracker mortgages 'may work out cheaper'

People on the hunt for a new mortgage may want to consider a long-term deal, as these may provide better value, one expert has advised. Ray Boulger, senior technical manager at the independent mortgage adviser John Charcol, said that good cases can be made for either a tracker or a fixed-rate. With people buying new property, the likelihood is that in most cases they are ...

29th May 2012

3 in 4 Brits 'may use property to fund retirement'

Three-quarters of Brits would consider using their property to fund their retirement finances, a new poll by the Equity Release Council has revealed. Overall, 73 per cent of people would consider using housing equity in later life, with 257,168 retirees considering downsizing by 2017 and 59,347 looking into equity release.   Furthermore, the research suggests ...

28th May 2012

Demand for family homes 'on the rise'

There has been a rise in demand for family homes in the UK, according to the latest report from Knight Frank. Data published in the organisation's 2012 Housebuilding Report shows that 87 per cent of house builders have reported moderate or high demand in the sales market for four- and five-bedroom houses, which is up from the 77 per cent recorded in 2011. The report ...

28th May 2012

'Many measures in place' to protect tenants

There are plenty of measures in place to protect people moving into rental property, which should assuage any fears that potential tenants have, one expert has pointed out. UK property expert Sue Hopson said the market is "heavily legislated" in favour of the tenant, with a "huge" amount of legislation added every year to lettings under the Housing Act. ...

25th May 2012

Olympic infrastructure 'could drive the property market'

There is a strong chance that the Olympics could drive the east London property market, according to one sector analyst. Liam Bailey, head of residential research at Knight Frank, said that he does not expect the Olympics itself to have an impact, but the fact that there will be improved infrastructure will help the area. "Once the Olympics are finished and you can ...

24th May 2012

'Modestly priced homes' entering London property market

There has been a steady increase in the number of homes entering the London property market, particularly on the periphery of the city, one analyst has pointed out. London property expert Nigel Ellis said there has been an emergence of homes in the eastern side of central London along the canals, with many of these fairly modestly priced and likely to appeal to a wider ...

24th May 2012

Good tenants 'more important than short-term rents'

It is more important for landlords to secure good tenants to fill their properties than it is to maximise short-term rents, one specialist has noted. UK rental property expert James David made the comments after recent figures revealed that rents rose by 0.5 per cent on a monthly basis as rental demand increased in April, with annual rental inflation standing at 2.4 per ...

23rd May 2012

Potential property buyers 'waiting for the perfect mortgage'

Many prospective homeowners are currently holding out until they find the perfect mortgage to suit them, one expert on the subject has observed. Ben Wilkie, editor at the advice site What Mortgage, noted that gross mortgage lending fell slightly after the end of the stamp duty holiday in March, and said this is "not surprising". He explained that many people were ...

23rd May 2012

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