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Nationwide: House prices up 0.9%

House prices grew by 0.9 per cent during June, according to the latest survey by Nationwide Building Society. It is the third time in four months that the monthly index has reported an increase in the average cost of housing in the UK. Consumers looking to sell their home should know that the average property value in the country stood at £156,442 in June. Martin ...

30th Jun 2009

Land Registry: Property prices in Wales rise

Property prices in Wales rose in May, according to the latest data from the Land Registry. The group reported a 1.2 per cent hike in the average cost of housing in the principality during the month. This meant an average home in Wales could be purchased for £119,990 in May. Land Registry research indicated that this part of the UK registered the highest house price ...

29th Jun 2009

Property news archive

Rural property buyers 'generally older'

Those who buy property in rural England are generally older professionals or people approaching retirement. At least that is the view of Edward Briggs, a partner at property and professional services firm RM Bidwells. He claimed that a high percentage of consumers who buy in the countryside are middle-aged and they often purchase these homes to escape the traffic and ...

29th Jun 2009

Central London house prices 'to increase'

The cost of housing in central London is set to increase in the imminent future, it has been suggested. According to Naomi Heaton, chief executive of property group London Central Portfolio, the market "will undoubtedly start to tick back up" in the coming months. With prices apparently moving in an upward direction, those who own bricks and mortar will be happy ...

29th Jun 2009

Editor offers property investment update

Anecdotal evidence about increases in consumer confidence and news of rent stabilisation has been reported across the UK, according to one property expert. Richard Bowser, editor at monthly magazine Property Investor News, said that this has been in "sharp contrast to the early part of this year". Commenting on the buy-to-let market, he indicated that investors ...

26th Jun 2009

Buying a house? Do your homework

Anyone considering buying a property in the coming months should ensure they research the surrounding area of any potential purchase, it has been suggested. Timothy Lambert, head of consulting at independent property investment consultancy Ducalian, said that this should all be done before committing to any deal. It is one way of protecting against falling into negative ...

25th Jun 2009

Monthly mortgage approval rate to increase?

The Royal Institution of Chartered Surveyors (Rics) has said that it is "conceivable" that the UK will see 40,000 mortgages approved each month by the end of the year. Although this will still be down on the annual average for the last three calendar years, it would mark an improvement on recent months when confidence in home-buying has been relatively low. Rics' ...

25th Jun 2009

BBA: Mortgage approvals on the up

The British Bankers Association (BBA) has revealed its latest mortgage data - and it makes positive reading for the housing industry. Apparently, there was a greater number of mortgages approved for house purchases last month, compared to April. Steady monthly upturns have been noted since November 2008 and the figure is now similar to that which was recorded in the early ...

25th Jun 2009

Renovation advice for homeowners

Melanie Griffiths, assistant editor of Homebuilding & Renovating magazine, has explained some of the issues homeowners have to consider when modernising their properties. She claimed that people do not always show sound logic when it comes to replacing old windows and doors with plastic equivalents. Apparently, it is always better to get old sash windows restored, ...

24th Jun 2009

Estate agents right to be confident, says expert

With a higher buyer to seller ratio, estate agents are right to think positively about the property market, according to the chief executive at investment adviser group Assetz. Stuart Law acknowledged that agents "are more positive about future months" than they have been for a while "not least because they are selling more than they were previously". ...

24th Jun 2009

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