Home values news (March 2011)

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Latest Home values news

House prices around the world up by 2.8%

Global house prices went up by 2.8 per cent last year, according to new figures. The Knight Frank Global House Price Index showed that in the year to December the cost of buying property was up, however, this figure was down from the recorded 3.1 per cent rise in quarter three. Liam Bailey, head of residential research at Knight Frank, said that the rise in house prices ...

28th Mar 2011

Switching mortgages 'can lead to huge savings'

Homeowners who switch mortgages may find that they can make "huge" savings in the long term, one expert has pointed out. Ben Wilkie, editor at What Mortgage, said that people need to take advantage of the current historically low interest rate and use it to their benefit by changing their mortgage plan or provider. His comments followed the publication of a report ...

11th Mar 2011

Home values news archive

Catchment areas 'have a major impact' on property purchases

The proximity of good schools to a UK property can have a major bearing on its appeal to potential buyers, one specialist has noted. Amy Schofield, editor of MyChild, said that many parents may be willing to pay way over the asking price of a property if it is in a good catchment area – in some cases paying far more for a home which is even on the same street, but ...

10th Mar 2011

Conservatories 'can be better than extensions'

Building a conservatory can be a better addition to a property than an extension, according to one expert. Andrew Leech, spokesman for the National Home Improvement Council (NHIC), said that people looking to boost home values may find that conservatories are just as appealing to prospective buyers but cost far less to create in the first place. He explained that a ...

9th Mar 2011

2011 price rises 'will resemble 2010'

The price rises seen in the UK in 2010 are likely to be similar to those witnessed in 2011, according to one property expert. Timothy Lambert, head of consulting at Ducalian, said that 2011 house prices will remain fairly stable, though some areas may see slight gains, as was the case last year. His comments follow the publication of research by Hometrack which showed that ...

3rd Mar 2011

Central London property 'a wise investment'

People looking at a potential location for an investment property will find that London homes offer great potential, one expert has claimed. Naomi Heaton, chief executive at London Central Portfolio, said there is likely to be an upwards trend in home values for property situated in the capital in 2011, as the market has experienced two years of "lost growth". She ...

1st Mar 2011