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LSL Property Services: London house prices spearhead annual growth

London has once again proved to be the strongest area of the UK property sector in the last 12 months, as the latest figures show it provided the majority of inflation in house prices last year. According to the findings from LSL Property Services, the annual rises across the country amounted to some £6,700, with £532 of this total coming in March 2013 alone. ...

12th Apr 2013

FTBs face no purchase before the age of 37

First timers looking to make their first step onto the ladder and buy properties for sale are facing a longer wait than ever before, a new report has found. According to the findings from MoneySupermarket, 35 per cent of people across the country living in rented accommodation at the moment believe they will never be able to buy their own home. For those who are confident ...

10th Apr 2013

General news archive

Housing sales rise to 3-year peak, reports Rics

The government's Funding for Lending Scheme (FLS) and its other initiatives are continuing to have a sizeable and strong impact on the whole of the UK property market, a new survey conducted by the Royal Institute of Chartered Surveyors (Rics) said. The organisation questioned its own agents on how well the sector performed throughout March, and it discovered that the ...

9th Apr 2013

House prices to rise to new peak in 2014

The price of buying properties for sale in the UK is set to rise over the course of the next two years, eventually taking them to the highest level ever. The peak of the UK property market was last seen in 2007, when the cost of buying hit a high before the recession sent the sector tumbling, from which it has been struggling to return ever since. But now the Centre for ...

4th Apr 2013

Volume of mortgage approvals falls as lending grows

New figures released this week by the Bank of England (BoE) have shown that the number of mortgage approvals in the UK has seen a drop in February of 2013. While the overall lending level grew, a fact backed up by the Building Societies Agency (BSA) statistics that showed a sizeable increase among mutuals, the BoE figures showed a fall in the physical volume of loans ...

3rd Apr 2013

Many renters would take years to save

The rental market could prove to be a fruitful one for buy-to-let owners for years to come, after it was revealed that many people still struggle to afford a mortgage, needing years to raise the required cash. According to a survey conducted by Scottish Widows, people in the rental market are 50 per cent more likely than other residents to have no savings at all, with 35 ...

2nd Apr 2013

Property price rise shows increase in return for investors

Those who saw the opportunity to put money into property investment when the market was at its lowest ebb are continuing to see an increase in prices as a decent return looms on the horizon. According to the latest statistics released by the Office for National Statistics (ONS) it has been revealed that the price of homes in January of 2013 was 2.2 per cent higher than at ...

20th Mar 2013

Property sales numbers on the up, says Rics

The number of homes being sold in the UK is on the increase, as the UK market in properties for sale continues to be bolstered by the government's flagship Funding for Lending Scheme launched last August. The Royal Institute of Chartered Surveyors (Rics) said that the number of houses being purchased throughout the month of February had hit a two-year high, buoyed by ...

12th Mar 2013

UK mortgage approvals fall in February

The number of mortgages approved throughout February saw a fall to its lowest level in seven months, as the property market surprisingly stalled after a good couple of months around the new year. According to the latest data supplied by e.surv, the number of purchase loans forwarded for properties for sale throughout February dropped by a full 11 per cent when compared to ...

11th Mar 2013

Lords' action on agents backed by property market

New rules set to be introduced into the UK property market by the House of Lords have been backed by professionals after they were aired for the first time this week. The parliamentary body said that the new alterations in the law will see lettings and estate agents regulated far more than they have been in the past to give power to redress poor practice to consumers. It ...

8th Mar 2013

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