Zoopla property news (June 2012)

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Continued London property growth 'is logical'

Continued growth in London's property market is "logical", according to one sector analyst, though he does not expect price growth in greater London to significantly outperform the national average. Liam Bailey, head of residential research at Knight Frank, made the comments after Savills reported on June 27th that London's prime residential values rose ...

29th Jun 2012

Govt policies 'will improve housing market'

New policies being introduced by the government will help improve the UK housing market, particularly when it comes to mortgages, it has been claimed. Ray Boulger, senior technical manager at John Charcol, said it looks "quite likely" that the coming months will see gross lending at a similar level to last year, when it was just under £141 billion. The ...

28th Jun 2012

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'Relaxed and spacious' dominating interior design trends

The major interior design trends in the UK are for relaxed and spacious plans that allow plenty of room and avoid clutter, one expert on the subject has noted. Alex Albiol Prades, designer at Docauk.com, said he has noticed a growing trend for larger areas and more open-plan elements, particularly when it comes to designing bathrooms and bedrooms. The expert noted that ...

27th Jun 2012

'Mortgage deals available' for first-time buyers

There are plenty of mortgage offers that first-time buyers can take advantage of in the weeks and months ahead in order to secure a foot on the property ladder, one expert has acknowledged. Paula John, editor-in-chief at Your Mortgage, said that some building societies are offering particularly competitive rates at the moment, but banks are also doing their best to claim ...

27th Jun 2012

'Always use an expert' for major property work

People considering carrying out major improvement work on their property should always use an expert to complete the task, unless they are a qualified builder themselves, it has been advised. Ryan Notz, chief executive officer of MyBuilder, said that something like a conservatory is "certainly not a DIY project". Conservatories generally fall into permitted ...

26th Jun 2012

House prices spike in best performing economies

House prices have spiked in areas with the best performing economies over the last ten years, the latest Halifax report reveals. The bank's review of economic and house price performance at a local level shows that, between 1999 and 2009, the value of the typical home in the ten local areas that recorded the biggest increases in economic activity rose by 145 per cent ...

26th Jun 2012

Longer tenancies 'becoming the norm'

There has been a shift towards people staying in rental property for longer, according to one expert who has predicted that extended tenancies may be with us for some time. Gary Styles, strategy, risk and economics director at Hometrack, said that longer-term tenancies are set to become more commonplace for a number of reasons. "I think that we may well see a bit more ...

26th Jun 2012

Prime London rental growth slows

There has been a slowdown in the rental growth of prime London property for the first time in two years, the latest data from Savills reveals. According to the figures, rents are down 0.4 per cent year-on-year, in spite of a 2.3 per cent rise in the first six months of 2012. The report notes that prime central London values have remained flat over the past three months, ...

25th Jun 2012

House builders to receive govt backing

Small, family-run housebuilders could receive a multi-million pound boost to assist them in increasing the nation's housing stock, the coalition has stated. As part of the Get Britain Building initiative, housing minister Grant Shapps has revealed that more than £100 will be made available to get stalled developments back on track, which will potentially deliver ...

25th Jun 2012

Increasing rents 'has its pitfalls'

Landlords contemplating increasing their rents should be aware that there are pitfalls to the practice, one specialist has pointed out. According to rental property expert James Davis, landlords that think they can earn an extra £100 per month by attracting new tenants should think of the mid- and long-term effects of doing so. Should the rise in costs lead to a ...

25th Jun 2012

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