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Property investment in Central London hits new high in 2013

Investment turnover for the Central London property market reached the highest level ever recorded in 2013, driven by foreign buyers, according to real estate services provider Savills. Turnover exceeded £20.56 billion, a 39 per cent increase on the figure from 2012 of £14.8 billion. Stephen Down, head of Central London investment at Savills, comments: ...

9th Jan 2014

Halifax says house prices went up by 7.5% in 2013

House prices went up by 7.5 per cent in 2013, according to the latest figures from the Halifax, the UK’s largest mortgage lender. Its latest house price index (HPI) shows that prices actually fell in December, by 0.6 per cent. It means the average home in the UK is now worth £173,467. The fall in December is in line with seasonal trends as the property market is ...

8th Jan 2014

Property news archive

Number of people planning to move in 2014 doubles

New research from the Clydesdale and Yorkshire Banks shows that optimism is returning to the property market with the number of people planning to move home doubling in the last 12 months. In January 2013, just seven per cent of those surveyed in Clydesdale and Yorkshire Banks’ Annual Housebuyers Research were planning to move home. This has now doubled to 14 per cent ...

7th Jan 2014

Prime Scottish property prices rise by 0.3% in Q4

The average price of a prime property in Scotland went up by 0.3 per cent in the final quarter of 2013, according to the latest Prime Scottish Property Index from Knight Frank. This is the second consecutive quarter of price growth and means the best residential properties in Scotland have gone up in value by 1.6 per cent on an annual basis. However, overall values remain ...

7th Jan 2014

Overseas property investors in UK passes two million mark

A new report from accountants UHY Hacker Young shows that the number of foreign landlords investing in UK property has passed the two million mark. Its research found that the number of overseas landlords renting out property in the UK has risen by six per cent in the last 12 months, up from 1.93 million to 2.04 million. According to the research the number of foreign ...

7th Jan 2014

Biggest increase in first-time buyer numbers for 12 years

The Halifax First Time Buyer Review shows that the number of first-time buyers continue to grow in 2013 recording a 22 per cent annual increase on 2012, the highest level of growth in first-time buyer numbers for 12 years. Halifax said there were an estimated 265,000 first-time buyers in 2013, up from 218,000 in 2012 and the highest annual total since 2007. First-time buyer ...

6th Jan 2014

Nationwide reports house prices up by 8.4% in 2013

House prices went up by 1.4 per cent in December, according to the latest house price index from Nationwide. This means the average home in the UK is valued 8.4 per cent higher than in December 2012. However, house prices are still five per cent lower than they were at the peak of the market in late 2007. The average property in the UK is now valued at £175,826, up ...

3rd Jan 2014

Hometrack predict house prices will continue to rise in 2014

Increased demand coupled with a fall in the supply of new homes was the main cause of a 4.4 per cent rise in house prices in 2013, according to the latest report from property analysts Hometrack, published today. Demand for residential property grew by 25 per cent in 2013 but the supply of new homes only increased by six per cent, according to the latest survey of UK estate ...

2nd Jan 2014

New government initiative targets rogue landlords

Ministers are getting tough on rogue landlords that make the lives of hard working tenants a misery. Housing minister Kris Hopkins has committed £4 million to put an end to squalid and potentially dangerous properties. The funding will be shared among 23 local authorities as part of an initiative to build on their work to root out ‘beds in sheds’ and take ...

31st Dec 2013

Sealed Bids: Top five tips

High demand and limited supply is putting power into the hands of sellers, who are enjoying the recent resurgence in the property market and its effect on house prices. As a result many are turning to sealed bids, which allow them to ramp up prices and put the pressure on buyers to offer as much as possible rather than making low offers to test the water. Without a doubt, ...

30th Dec 2013

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