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Top schools attract huge property price premium

Top independent primary schools attract a property price premium of up to 170 per cent, according to a new study. The popularity of good schools is no surprise, although the sheer escalation in value shows just how much importance parents place on education when choosing a home. Justin Marking, of estate agent Savills, said that competition is "huge" to get into ...

18th Nov 2013

Property market brims with confidence

Confidence is returning to the property market, with homeowners across the whole country expecting price rises next year. The Knight Frank sentiment survey reached a record high in October, although it did drop very slightly in September. This is likely to be a blip though, as the message filters through to property owners that the market is now gaining pace. House price ...

15th Nov 2013

Property news archive

No risk of housing market overheating claims Carney

The housing market is not at risk of overheating, says the new Bank of England governor. Mark Carney, who assumed office in July, has overseen something of a turnaround in both the property sector and wider economy. However with house prices being back on an upward curve some commentators have warned that the UK could slide back into recession, drawing parallels with the ...

14th Nov 2013

Golf courses take up twice as much space as housing

More land is used for golf courses than housing in the UK, despite the popular perception that the country is over-developed. A blogger from Inside Housing, Colin Wiles, calculated that roughly two per cent of the country is taken up by golf courses. In comparison 10 per cent is considered urban, with much of that space covered by gardens, parks and lakes. The UK National ...

13th Nov 2013

Highest quarterly mortgage lending stats since 2007

Mortgage lending is at its highest level since 2007, according to the latest data from the industry. Despite the usual September downturn, lenders still advanced their highest quarterly total to borrowers for six years. Paul Smee, director general of the Council of Mortgage Lenders, called the seasonal fall "expected", but praised the year-on-year improvement in ...

12th Nov 2013

London needs 50,000 new homes

London's growing population needs 50,000 new homes per year if it is to compete with other major cities, says a new report. At present house-building in the capital is at less than half this figure, but some estimate that even 50,000 is an underestimate and in fact London could require as many as 100,000 homes per year to cope with demand. And there are concerns that ...

12th Nov 2013

More Scottish properties achieve asking price

More properties are being sold at closer to their asking price in Scotland, as the improvement in the market spreads across the UK. The average selling price was around £4,000 below asking price, up from £14,500 in the prior quarter. Ewan Stark, director at S1homes who produced the research, said there had been a "significant change" in the property ...

11th Nov 2013

Strongest October for property market since 2007

The property market experienced its best October performance post 2007, according to the most recent house price data. Prices rose in all regions of England and Wales for the first time in almost three years, while it was the strongest October for transactions since financial crisis. David Newnes, director of LSL Property Services who put together the research, said that ...

8th Nov 2013

Price growth slows at top end of London market

Prime central London is slowing down after three consecutive years of bumper house price growth. Money has been pouring into the capital, viewed as a safe haven against the turbulent global economic picture. This influx of foreign buyers caused prices to increase by over 10 per cent in both 2011 and 2012, but for the first ten months of 2013 growth stands at just 6.2 per ...

7th Nov 2013

House prices rise for ninth consecutive month

House prices are up for the ninth consecutive month, according to the seasonally adjusted Halifax house price index. Prices are 6.9 per cent higher in the three months to October than they were during the same three months last year. Martin Ellis, Halifax housing economist, said that demand has increased this year which is putting upward pressure on house prices and ...

6th Nov 2013

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