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Importance of property ownership assessed

It would take a "major change" in the housing industry for renting a home to be perceived as the more desirable way of living, as opposed to owning a property. That is the view of property and financial organisation DTZ Residential chairman Peter Braithwaite, who said the desire to own property is "enshrined in the UK property market". He explained that ...

18th Jun 2009

More people confident about buying homes, says BSA

Some 59 per cent of consumers agree or tend to agree that now is a good time to purchase a new home, according to a Building Societies Association (BSA) survey. This equates to a five per cent increase in confidence when compared to figures from March. Over the period of one year, there has been a more significant hike in people's confidence regarding the property market as ...

18th Jun 2009

Property news archive

UK property investment eyed from down under

There has been a lot of interest in UK property investment from people outside the British Isles in recent months, it has been suggested. Both Martyn Gerrard, chairman of the north-west London division of the National Association of Estate Agents, and London-based estate agent Steve Smith have noted a strong Australian influence in this sector. Comments of theirs, reported ...

17th Jun 2009

'A good time' for property investment

It is the "perfect time" for landlords to purchase property, according to the managing director of Smartlandlord.co.uk. Keshav Thukaram, who was commenting after the publication of his firm's Buy-to-Let Index for May, said that there are a number of "bargain properties" which could well yield "great returns" over a long-term period. ...

17th Jun 2009

Property market 'rallying'

The property market "appears to be rallying", according to one London-based estate agent. Jenny Collett, sales manager at Kinleigh Folkard & Hayward in Southfields, told the Financial Times Adviser that the sector has the potential to have "a good summer". As a consequence, she advised people contemplating selling their homes that "now is the ...

17th Jun 2009

FTB mortgage market analysed

A property expert has provided a positive analysis of the first-time buyer (FTB) mortgage market. Helen Adams, managing director of FirstRungNow.com, said that she expects more lenders to follow Halifax's lead in providing home loans suitable for those looking to buy property for the first time. She used Halifax as an example of a financial services provider that is ...

16th Jun 2009

Asking-selling price gap 'narrowing'

The gap between property asking and selling prices is narrowing, according to research from the Royal Institution of Chartered Surveyors (Rics). A study from the group found that 60 per cent of chartered surveyors noted this trend in the UK market. In a statement released yesterday, Rics said that this percentage represented the majority of its members. The organisation ...

16th Jun 2009

First-time buyers encouraged to 'bargain hard'

Property buyers looking to purchase their first home have been advised to ensure they bargain hard when it comes to the buying bricks and mortar. Katy John, spokesperson for the national campaign for affordable housing PricedOut.org.uk, said that further falls in property prices are expected, which effectively puts first-time buyers (FTBs) in a strong negotiating position. ...

15th Jun 2009

Homeowners left with 'move or improve' choice

There are a number of property owners in the UK who are opting to improve their homes rather than move to new accommodation at present. At least that is the view of Homebuilding & Renovating magazine editor Jason Orme, who has claimed that there has been a "cultural shift towards 'make do and mend'". Nationwide Building Society recently revealed ways in which ...

15th Jun 2009

Housing group warns of energy overpayment

Many property owners and tenants in the UK have overpaid on their energy bills, according to the National Housing Federation (NHF). Using figures from energy regulator Ofgem, the group said that people using pre-payment meters have spent almost £0.5 billion more than they needed to since 2006. Some users may be entitled to claim back the money they have already spent, ...

15th Jun 2009

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