on Sunday, 9 January 2011 by Graham Norwood
Home-ownership is down to 68% as more people turn to renting – leading to shortage of rental properties and soaring prices
Constant headlines on the ups and downs of house prices are masking two trends set to dominate 2011: a long-term fall in home ownership and a resulting boom in the private rental market.
Last year saw UK owner-occupation fall to 68%, its lowest level for two decades and well below its 2003 peak of 71%. More people are renting as a result, despite a shortage of lettings properties pushing rents up by as much as 20% in the past year.
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Jan 11
10
Housing market confidence warning
on Monday, 10 January 2011
Only 54% of homeowners think house prices will increase in the coming six months, down from 81% a year ago and 63% just three months earlier, according to property website Zoopla.co.uk.
On average people think property values will inch ahead by just 1.9% in the period, while 33% of those questioned predicted house price falls.
But while people are downbeat about the prospects for the housing market as a whole, they are more optimistic about the outlook for their own property, predicting it will rise in value by around 2.5% in the coming six months.
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on Thursday, 6 January 2011 by Mark Johnston
The Halifax has designed the mortgage especially for first in buyers in mind to help them take their first steps to owning the home of their dreams. First time buyers and those with smaller deposits have found it difficult to get a foothold on the UK property market since banks and building societies tightened their lending criteria. They hope that by offering a fee free mortgage its will save first time buyers up to £2,000 when money is tight.
Most first time buyers have to around £1000 in arrangement fees together with legal costs and valuation fees.
Posted in Finances News Real Estate by .
Jan 11
7
The Green, Green Luxury of Home
on Friday, 7 January 2011 By TARA LOADER WILKINSON
“You think of a £30 million mansion built with the finest imported materials, the heated pools, the electrical gadgets, the air conditioning, the six-car garage and of course the private jet journey to get there. That can appear at odds with the environment,” says Peter Mackie, managing director of HSBC-backed Property Vision, a U.K.-based estate agent.
The luxury carbon-neutral home concept—in which properties attain a net zero carbon footprint—has been labeled “a conscience salve,” “greenwashing” and “a complete misnomer” by critics. Despite that skepticism, developers are hoping to turn a seemingly contradictory phrase into a 21st-century success story, laying plans for prime deluxe carbon-neutral property all over Europe. New homes in the U.K, Portugal, Italy, Morocco and Switzerland are being marketed to wealthy individuals around the world, with developers reporting strong demand.
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on Saturday, 1 January 2011 By Sean O’Grady, Economics Editor
Prediction or will we do better than that? I really am looking for good news this year
Report shows end-of-year rebound for house values, but still £21,000 below peak
House prices ended 2010 broadly flat – with widening regional disparities and the prospect of weak or stagnant property values in 2011, as public spending cuts and job losses depress the market, especially outside the South and the East.
The Nationwide Building Society’s latest index of house prices shows a slight, 0.4 per cent, rise in average values in December, seasonally adjusted. Following falls of 0.7 per cent in October and 0.3 per cent in November, it leaves the trend over 2010 broadly flat. The average UK property as the year closed was worth £162,763, some 0.4 per cent up on the end of 2009.
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Jan 11
3
Xmas and New Year
For some it is a festive time, for others days off and for many hard work.
For me it is a festive time with nice food, its preparation, shopping, family gathering, presents, Christmas tree and a rest.
Lots of people do the New Year’s resolutions but most forgets about them within few days or weeks. They talk a lot how better it going to be, how much we will do and how better we will become. I never done anything like that in my life before.
This time it is different. I stated what I’m going to do, where I’m going to be same time next year. I’m not telling you, today it is a secret which I will share in 2012 when achieved 🙂
For now, I wish you all that in the chase of your goals you persevere and never give up!
Posted in From Me To You by .
on Tuesday, 21 December 2010 by # Lisa O’Carroll and Elena Moya
Ireland’s controversial new “bad bank” has overnight become one of the biggest property banks in the world after it completed the acquisition of developers’ loans worth more than €70bn (£59bn).
The National Asset Management Agency now controls the loans on hotels, housing estates, shopping centres and development sites across Ireland, the UK, mainland Europe and elsewhere, including part-ownership of landmark sites such as Battersea power station.
The agency, which is charged with clearing Ireland’s debt mountain, has the legal right to acquire every single land and development loan from the five main banks in the country.
Posted in Finances News Real Estate by .
Dec 10
21
Rents rise to record high
on Tuesday, 21 December 2010
The average UK rent jumped to £692 a month in November, the third month in a row during which it has reached a new high, according to lettings agent network LSL Property Services.
But the group said there were signs that the steep rises in rents may be coming to an end, with the latest growth of 0.1%, the smallest month-on-month increase since rents first began to rise in February.
Posted in Finances Real Estate by .
on Wednesday, 15 December 2010 by Ray Clancy
Mortgage arrears and repossessions will rise modestly next year, the Council of Mortgage Lenders (CML) predicts.
Its annual forecast for the UK property market paints a picture of continued stagnation, with the current low level of sales persisting, and prices falling modestly or staying flat.
The CML says that mortgage rationing by banks and building societies will continue.
And the poor state of the economy will deter some potential home buyers.
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on Tuesday, 14 December 2010 by Ray Clancy
Surveyors’ expectations for property prices over the next three months remain negative, according to the November UK Housing Market Survey from the Royal Institution of Chartered Surveyors out today (Tuesday December 14).
And prices fell by 3% in November and have now gone down in five of the last six months, according to the Rightmove index. This means that the average house in the UK lost almost £7,000 off its value.
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